DUBLIN, Feb. 17, 2023 /PRNewswire/ — The “Satellite Manufacturing and Launch: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Satellite Manufacturing and Launch Market to Reach $24.2 Billion by 2030
The global market for Satellite Manufacturing and Launch estimated at US$20.1 Billion in the year 2022, is projected to reach a revised size of US$24.2 Billion by 2030, growing at a CAGR of 2.3% over the analysis period 2022-2030.
Satellite Manufacturing, one of the segments analyzed in the report, is projected to record 2.1% CAGR and reach US$17.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Launch Systems segment is readjusted to a revised 3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $9.8 Billion, While China is Forecast to Grow at 2.8% CAGR
The Satellite Manufacturing and Launch market in the U.S. is estimated at US$9.8 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2030 trailing a CAGR of 2.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 1.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.
Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.
Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What’s New?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies – Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Key Metrics
|
Report Attribute |
Details |
|
No. of Pages |
498 |
|
Forecast Period |
2022 – 2030 |
|
Estimated Market Value (USD) in 2022 |
$20.1 Billion |
|
Forecasted Market Value (USD) by 2030 |
$24.2 Billion |
|
Compound Annual Growth Rate |
2.3 % |
|
Regions Covered |
Global |
Key Topics Covered:
MARKET OVERVIEW
Satellite Manufacturing and Launch: A Highly Dynamic Domain
As the Space Race Intensifies, Satellite Manufacturing Gathers Importance & Urgency
As the Number of Satellites Operating in Space Increases, Satellite Building Becomes Big Business
Impact of Covid-19 and a Looming Global Recession
Satellite Companies Maneuver Various Approaches to Overcome Pandemic-Related Supply Chain Issues
Global Economic Update
War & Inflation Supersede COVID-19 as Major Downside Risks for the Global Economy in 2023 & Beyond
Here’s How Inflationary Pressures Affect the Economy
Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
Stubbornly High Inflation to Single Handedly Drag Down Global Growth
Here’s What’s Causing the Current Spike in Inflation
Competition
Competitive Market Presence – Strong/Active/Niche for Players Worldwide in 2023 (E)
Prominent Startups in the Field of Satellite Technology
Satellite Manufacturing & Launch System Market Outlook
Geographic Market Analysis
Market Challenges
Recent Massive Growth in Satellite Industry Increases the Risk of Collisions with Space Debris
Recent Market Activity
World Brands
MARKET TRENDS & DRIVERS
Emerging Use Cases Drive Demand for Complex and Economic Earth Observation Satellites: Opportunities in Store for Satellite Manufacturing & Launch Companies
Increase in the Number of Space Exploration Missions Drive New Satellite Launches
Demand for Satellites to Increase Stupendously through this Decade End
Mammoth Gains for Small Satellites Step Up Manufacturing & Launch Activity
Reduction in Spacecraft Structural Mass is the New Design Goal to Enable Increase in Payload & Agility
SmallSats Account for Increasing Share of Payload Mass Carried Up to Orbit from Earth
Cost Effective Access to Earth, Lunar, Planetary, Stellar & Interstellar Discoveries Drive the Focus on Small Spacecraft (SmallSats) Launches
Mini Satellites Emerge as the Future of Communications Supported by Greater Flexibility, Reduced Cost & Technology Maturity
From Technology Development to Communications, Mission & Agenda for Satellite Launch Evolves & Undergoes Sea Changes
By Pumping in Big Money, Governments Rise to the Forefront of the Space Race: Top 5 Countries With the Highest Number of Government Owned & Launched SmallSats
Smallsats All Set to Demonstrate Value
Smallsat Market Continues to Evolve Rapidly
Industry Witnesses Rise in Number of Companies Entering the Small Satellite Space
Low Earth Orbit Technologies: A Landmark Innovation in Satellites to Fuel Gains
Demand Up for Satellite Launch Vehicles
Key Recent Satellite Technologies, Innovations, and Trends
Rise in Demand for Satellite Internet of Things (IoT)
Decluttering Space and Services In-Orbit Satellites
Development of Advanced Ground Systems
Artificial Intelligence (AI) and Machine Learning (ML)
Use of Advanced COTS Equipment
Satellite Networks Providers Enhance Throughput Capabilities
Advanced Payload Systems
Spacecraft Propulsion
Very High Throughput Satellites (VHTS)
Flexible Launch Services
Additive Manufacturing
3D Printing Emerges as a Game Changing Option
Key Developments
Communication Satellites Find Wider Application
Satellite Launches More Inclined Towards LEO Endeavors as Digitalization Trend Gains Momentum
Share of Private Funding for Spacetech Companies by Orbital-Regime Focus: 2015 vs 2021
Satellite Platforms for Weather Monitoring & Forecasting: An Overview
Continuing Efforts by Military Organizations to Strengthen Satellite Networks to Drive Growth
Transforming Space Economy to Support Satellite Manufacturing and Launch Market
Changes in Satellite Manufacturing Processes to Impact Future Trends
Growing Satellite Population Accelerates Race for Data
Remote Sensing Satellites Widen Opportunities
Key Applications
Feasibility of Multi-Orbit Strategy Critical, Software-Defined Satellites Gain Popularity
The Market for Satellite Propulsion Solutions
FOCUS ON SELECT PLAYERS (Total 147 Featured)
Airbus SE
ArianeGroup
Blue Origin, LLC
Dynetics, Inc.
GeoOptics, Inc.
Honeywell International, Inc.
Innovative Solutions In Space B.V.
Lockheed Martin Corporation
Maxar Technologies, Inc.
MITSUBISHI HEAVY INDUSTRIES LTD.
Northrop Grumman Corp.
OHB SE
Raytheon Technologies Corp.
Sierra Nevada Corporation
Space Exploration Technologies Corp.
Thales Group
The Boeing Company
ViaSat, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/opjsse
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