Global Satellite Manufacturing and Launch Market Report Information by Application (Military, Commercial, and Government) by End-user (Weather Forecast, Internet Services, and Navigation), and by Regions – Forecast to 2023.
The well-known players for the satellite manufacturing and launch market are listed as Airbus Defence and Space (Germany), Boeing Defence, Space & Security (U.S.), Orbital ATK (U.S.), SSL (U.S.), Lockheed Martin (U.S.), ISS Reshetnev (Russia), Arianespace (France), ViaSat Inc. (U.S.), Innovative Solutions in Space (Netherlands), and GeoOptics (Canada).
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Market Research Future reveals that the global satellite manufacturing and launch market is likely to expand at CAGR of 6% and more, during the forecast period 2017-2023.
Market Drivers and Trends:
The upward utilization of satellites for military surveillance and other defense applications have been the major drivers for the market. The military also needs proper data bandwidth and reliable communication infrastructure to meet the rising demand from UAVs and modern equipment. The demand for the satellites for commercial applications such as GPS services and the internet has also surged with time. There has also been growth in the demand for satellite-based telemetry applications, which are steadily assisting the market in growing instantaneously.
Along with the amount in demand for reliable telemetry infrastructure, demand for satellite-based telemetry has also surged as it is used for various civil, commercial, government, and military applications. On the other hand, the development of all-electric propulsion systems for satellites will also contribute to the development of the satellite market. Also, satellites are presently launched by ELV, which can be used for a single mission. The launch of these satellites into orbit undergoes high costs, which can be reduced by the advance of reusable space launch vehicles. Thus, the growth of commercial companies that are working toward low-cost satellite-based internet services is also expected to open up avenues for the smaller nano and microsatellites market.
Furthermore, the development of 3D printing technology and its utilization to build satellite parts and components have also been one of the increasing trends in the market. It will further diminish the building cost and allow the construction of miniaturized satellite components in space by eliminating the need for the launch from the earth.
The global market of satellite manufacturing and launch is segmented by application, end-users, and orbit location.
By the mode of application, this market has been split into communications satellites, navigation satellites, reconnaissance satellites, remote sensing satellites, and many others.
By the mode of end-user, the market has been segmented into internet services, navigation, and weather forecast.
By the mode of orbit location, the market has been segmented into low earth orbit (LEO) satellites, geostationary (GEO) satellites, and sun-synchronous orbit satellites.
The regional study of the global satellite manufacturing and launch market segments is carried in the regions of North America, Europe, Asia Pacific, and the rest of the world (RoW).
There is an amplified demand for satellites from the civil/government, commercial and military sectors. The market in Europe and North America has usually developed and launched most satellites. However, the mounting need for satellite-based infrastructure in rising countries such as China and India have contributed the most to the development of the market in the Asia Pacific. Satellite manufacturing requires sturdy technological capability. Currently, the U.S., Russia, China, Japan countries have a stronghold in the area of satellite manufacturing. However, along with the rising demand for nano and microsatellite, the manufacturing base of satellites will likely widen in various regions of the world.
U.S. and Canada are the key markets in the Americas for space-based programs. Both countries have superior infrastructures and are concerned in various space programs. The organizations such as NASA and SpaceX, in the U.S., are raising new systems that are likely to meet the growing demand for satellites in the future. In the U.S., the demand from the military and defense sector has been escalating mainly for navigation, communications, and spy satellites.
Table of Content:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE$ 950.00
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS. . .
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