Global Spacecraft Market Section Evaluates Based On Manufactures (The Boeing Company, Airbus SE, Lockheed Martin Corporation) Forecasts till 2023

Spacecraft Market Report Coverage Highlights: This report covers drivers, restraints, opportunities, challenges, and market trends. The report also covers the product portfolio analysis of the Spacecraft products and vendor benchmarking of the top players in this market. In addition, this report highlights the growth strategies adopted by the major market players to garner large shares in the Spacecraft market.

The Spacecraft section evaluates spacecraft worldwide based on manufactures’ forecasts, execution to plan and constraints such as launch and priority. In addition, the Launch Vehicle section looks at the worldwide development of new systems to address the launch market needs. This report is separated into these two major segments: Spacecraft, Launch Vehicle.

The Competitive Rivalry Among the Countries for Launching their own spacecraft, the increase in the amount of money spent towards the space sector and the technological advancements in the spacecraft technologies and the relevant launch technologies will be driving the market for the spacecraft during the forecast period. Also, the need for Nano and microsatellites will be propelling the market in the years to come.

There have been continuous efforts by many countries around the world for space exploration. Also, many countries around the world have increased their budget spending towards space exploration and related arenas. The globally leading countries in space exploration, the US and Russia, despite their competitive rivalry, are coming together in the space sector for venturing into space. Many new ventures are being undertaken for the space exploration and development of new spacecraft. Recently, in September 2017, NASA has signed an agreement with the Russian Space Agency, Roscosmos for partnership between the two, for building a new lunar space station somewhere around the Moon. Russian Space Agency said that the work on the venture could possibly start in the 2020s.

A separate section with Spacecraft industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information. Development and Research plays a vital role towards the innovation in any given industry which require to execute. Additionally, performing research and development offers a competitive advantage over the competitors owing to regular introduction of products and prototypes to attract consumers. This is expected to have a positive impact on the Spacecraft market growth over the forecast period.

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Ventures between countries like these would help the market for the spacecraft in the years to come. Also, the International Space Station is set to retire in 2025. The work for building a new space station is set to start in early 2020s. Though America plans to end its involvement in the International Space Station, many space agencies in the world, along with Russia, Japan, Canada and the European Space Agency are showing interest in this project. This may also drive the market for Spacecraft Market during the forecast period. Spacecraft Market is expected to grow at a CAGR of around 12% during the forecast period.

In terms of segmentation by type, the unmanned spacecraft market is expected to have more share in the spacecraft market during the forecast period. Unmanned missions are now frequently being planned onto moon and to mars. Although a few countries in the world are capable of going to as far as mars, many countries are trying to explore the moon. Even the launch of new satellites into the orbits will drive the market for unmanned spacecraft in the years to come. Plans are being made to launch new spacecraft during the forecast period. In July 2018, SpaceIL from Israel unveiled their plans to land an unmanned spacecraft on the moon in February 2019. The spacecraft is expected to launch in December 2018 from Florida’s Cape Canaveral by a SpaceX Falcon 9 rocket. The purpose of this spacecraft is to transmit lunar pictures and videos back to earth as well as to measure the surrounding magnetic fields. Research is being done to infuse artificial intelligence technologies in developing the spacecraft. In January 2018, NASA granted funds to the University of Akron in Ohio for developing spacecraft, which can “think†for themselves using deep-learning artificial intelligence (AI) process that works over an Ethereum blockchain network. The factors like the unmanned spacecraft being cheaper than manned spacecraft, and safer, is also making many countries to go for these spacecraft than the manned ones.

In terms of segmentation by geography, currently, North America has the highest market share in the spacecraft market, mainly due to high space budget by NASA. In March 2018 NASA was given a grant of as much as USD 20.736 billion for fiscal year 2018 by the US Government. With spending amounting to sums as much as this, North America is also expected to continue its dominance in the spacecraft market during the forecast period.

Major Players:

The Boeing Company, Airbus SE, Lockheed Martin Corporation, SpaceX, and Thales Alenia Space among others.

Recent Developments:

Jul 2018: SpaceIL from Israel unveiled their plans to land an unmanned spacecraft on the moon in February 2019. The spacecraft is expected to launch in December 2018 from Florida’s Cape Canaveral by a SpaceX Falcon 9 rocket.

Feb 2017: Indian Space Research Organisation (ISRO) launched 104 satellites into space with a single rocket, breaking the records for launching the most number of satellites in a single attempt.

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Spacecraft Market Forecast 2018-2023

The Spacecraft industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Spacecraft production, supply, sales and market status.

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

Detailed TOC of Global Spacecraft Market Forecasts (2018 - 2023)

Introduction
   1.1 Definition of the Market

   1.2 Key Findings of the Study

Research Scope and Methodology
   2.1 Study Deliverables

   2.2 Study Assumptions

   2.3 Research Methodology

   2.4 Research Phases

Market Dynamics
   3.1 Drivers

   3.1.1 Increasing Demand for Spacecraft

   3.1.2 Evolving R&D Priorities

   3.1.3 Adoption of Spacecraft

   3.2 Restraints

   3.2.1 Spacecraft Industry

   3.2.2 Spacecraft Types and Application

Industry Analysis
    4.1 Porter's Five Forces Analysis

    4.1.1 Bargaining Power of Suppliers

    4.1.2 Bargaining Power of Buyers

    4.1.3 Threats of New Entrants

    4.1.4 Threats of Substitute Products and Services

    4.1.5 Degree of Competition

Market Segmentation
  5.1 By Application

  5.2 By Geography

  5.2.1 North America

  5.2.1.1 US

  5.2.1.2 Canada

  5.2.1.3 Mexico

  5.2.1.4 Others

  5.2.2 Europe

  5.2.2.1 Spain

  5.2.2.2 UK

  5.2.2.3 France

  5.2.2.4 Germany

  5.2.2.5 Russia

  5.2.2.6 Italy

  5.2.2.7 Others

  5.2.3 Asia-Pacific

  5.2.3.1 China

  5.2.3.2 Japan

  5.2.3.3 India

  5.2.3.4 Australia

  5.2.3.5 Others

  5.2.4 South America

  5.2.4.1 Brazil

  5.2.4.2 Argentina

  5.2.4.3 Others

  5.2.5 Africa

  5.2.5.1 South Africa

  5.2.5.2 Others

Competitor Analysis
  6.1 Market Shares of Leading Players

  6.2 Strategies Adopted by Leading Players

Company Profiles
Future Outlook of the Market
Appendix
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