Global Satellite Manufacturing and Launch System Market to 2027: Increasing Utilization of Satellites for Military Surveillance and Related Defense Applications Drives Growth
Global Satellite Manufacturing and Launch System Market
Dublin, March 31, 2023 (GLOBE NEWSWIRE) -- The "Satellite Manufacturing and Launch System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global satellite manufacturing and launch system market size reached US$ 18.6 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 24.6 Billion by 2027, exhibiting a CAGR of 4.77% during 2021-2027.
Blue Origin LLC
Innovative Solutions in Space (ISISPACE) Group
Lockheed Martin Corporation
Northrop Grumman Corporation.
Space Exploration Technologies Corporation
A satellite is a human-made spacecraft manufactured to orbit the Earth and other celestial objects to retrieve and process topographical information. Satellites are usually made using light-weight metals such as titanium and aluminum, along with composites and alloys, including aluminum-beryllium and nickel-cadmium.
Currently, satellite manufacturing and launch organizations deal with Low Earth Orbit (LEO), geostationary (GEO) and sun-synchronous orbit satellites, which are used for remote communication, sensing, surveillance, transmission, traffic control and telemetry.
The increasing utilization of satellites for military surveillance and related defense applications is one of the key factors driving the growth of the market. They are also used for various commercial applications, such as global positioning services (GPS), satellite-based telemetry and internet connectivity. Furthermore, a reduction in the overall launch costs of satellites is another factor providing a boost to the market growth.
Additionally, miniaturization of satellites with increased payload capabilities is also creating a positive outlook for the market. These satellites are compact in size and enable additional load on a single launch vehicle, which enhances the profit margins for the organizations. They are considered as one of the most effective solutions for cost reduction while ensuring optimum performance.
Apart from being used indirectly to operate larger satellites, they are also widely utilized by research institutes and universities for technology demonstration sessions.
Other factors, including the utilization of 3D technology in the manufacturing process, along with the implementation of favorable government policies to promote space research and increasing investments in research and development (R&D) by the private sector, are projected to drive the market further.
Key Questions Answered in This Report:
1. What was the size of the global satellite manufacturing launch system market in 2021?
2. What is the expected growth rate of the global satellite manufacturing launch system market during 2022-2027?
3. What has been the impact of COVID-19 on the global satellite manufacturing launch system market?
4. What are the key factors driving the global satellite manufacturing launch system market?
5. What is the breakup of the global satellite manufacturing launch system market based on segment?
6. What is the breakup of the global satellite manufacturing launch system market based on the application?
7. What is the breakup of the global satellite manufacturing launch system market based on the end-use sector?
8. What are the key regions in the global satellite manufacturing launch system market?
9. Who are the key players/companies in the global satellite manufacturing launch system market?
No. of Pages
2021 - 2027
Estimated Market Value (Billion) in 2021
Forecasted Market Value (Billion) by 2027
Compound Annual Growth Rate
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Satellite Manufacturing and Launch System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Segment
7 Market Breakup by Satellite Type
8 Market Breakup by Application
9 Market Breakup by End-Use Sector
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/uwewfu
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