Satellite Manufacturing and Launch Systems Market Growth, Sales Revenue and Key Drivers Analysis Research Report by 2030

The key players operating in the Satellite Manufacturing and Launch Systems Market are
Northrop Grumman Corporation, ArianeGroup, Space Exploration Technologies Corp., Lockheed Martin Corporation, Thales Group, Space X, Airbus S.A.S., Boeing, GeoOptics, ViaSat Inc, Maxar Technologies (The U.S.), ISISPACE GROUP

The satellite manufacturing and launch systems market comprises of wide range of activities, such as satellite manufacturing, and integration of satellite payload into rockets, launch assembly systems & infrastructure. Launch Satellites are used for various applications such as satellite communication, satellite broadcasting, telemetry broadcasting, remote sensing, earth observation, satellite navigation. The global market for satellites and launch systems has grown dramatically in recent times with the construction and launch of rockets and satellites. Investments have been increased in the market with a global private companies coming into the scenario and are expected to boost the market.

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Increased investment by government and space agencies in the development of technologically advanced satellite manufacturing and launch systems are crucial driver for market growth. Countries like US, China, India, and Countries of Europe are allocating funds for the research, development, test, evaluation, procurement and operation and maintenance. For instance, in 2020, The Department of Defense of US(DOD), National Security Space (NSS) of US allocated US$ 14.1 billion in 2020 from which US$ 8.4 billion, US$ 2.6 billion and US$ 3 billion were allocated to research, development, testing, evaluation (RDT & E), production, and operation and maintenance, respectively. Such investment in defense sector by various government is expected to drive the satellite manufacturing and launch systems market.

Private companies such as SpaceX are collaborating with government space agencies NASA to design and develop reusable satellite launch vehicles to minimize the programs cost. SpaceX has also built launch systems which are highly effective and are in secured zone. European space agency has increased its focus on the development of their launch systems Ariane 5.

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COVID-19 Scenario Analysis:

🔹COVID-19 pandemic has negatively impacted the market of satellite manufacturing and launch systems in different parts of world due to lockdown process issued by the respective countries.

🔹Major part of supply chain has been affected due to lockdown in many countries, which resulted in delay of satellite equipment's deliveries.

🔹Due to lockdown in major countries such as the US, France, Germany, China and India, there was a massive impact on the space industry, resulting in suspension or postponing the satellite launches.

🔹COVID-19 has created obstacles in cash flow in the market, major satellite manufacturing companies are highly dependent on cash and are expected to face short-term difficulties in demand and supply patterns.

New product launches in the satellite manufacturing market and launch systems:

Satellite and Launch mission markets have seen worldwide ascent in the previous years with organizations enlisting themselves for the business with the public government. With organizations like Northrop Grumman Corporation, ArianeGroup, Boeing, Airbus enterprise are a portion of the unmistakable parts on the lookout. Market is restricted with makers of satellites and dispatch frameworks and sub-frameworks. There are sure joint endeavours between the significant aviation and safeguard players. For example, Ariane Group (an endeavour among Airbus and Safran), Thales Alenia Space (a Thales/Lenardo Group), and United Launch Alliance (JV of Boeing and Lockheed Martin Corporation) are conspicuous individuals from the market.

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