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Global Satellite Manufacturing And Launch Systems Market Report 2023: Size, Market Share, Analysis, Regional Outlook, Growth Trends, Key Players, And Competitive Strategies Forecast To 2032
Satellite Manufacturing And Launch Systems Market
As per the satellite manufacturing and launch system market report by The Business Research Company, The increased demand for satellites from the civil/government, commercial, and military sectors is significantly contributing to the growth of the satellite manufacturing and launch market. Satellite technologies are rapidly used by military forces around the world to enhance their defense resources. Various tests and experiments are being carried out by government organizations and defense forces across the world to launch space-attacking facilities. Ground-to-space war, like attacking satellites from the earth, space-to-space war, such as satellites attacking satellites, and space-to-earth war, such as satellites targeting earth-based objects, are all several types of space warfare. For instance, in May 2021, United Launch Alliance (ULA), launched the fifth Space-Based Infrared System satellite for the U.S. space force. With the help of its onboard infrared sensors, the $1 billion satellite, built by a US-based aerospace company, Lockheed Martin, is created to recognize and track plumes produced by missile launches throughout the world. Its abilities will allow the US to prepare for any imminent attacks. Therefore, increased demand for satellites from the civil/government, commercial, and military sectors is expected to drive the growth of the satellite manufacturing and launch market.
The global satellite manufacturing and launch systems market size grew from $22.69 billion in 2022 to $25.09 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The satellite manufacturing and launch systems market size is expected to grow to $35.12 billion in 2027 at a CAGR of 8.8%.
Read More On The Satellite Manufacturing And Launch System Market Report Here:
https://www.thebusinessresearchcompany.com/report/satellite-manufacturing-and-launch-systems-global-market-report
Major competitors in the satellite manufacturing and launch system market include Northrop Grumman Corporation, ArianeGroup, Space Exploration Technologies Corp., Blue Origin, Lockheed Martin Corporation, The Boeing Company, Sierra Nevada Corporation, Thales Group, Maxar Technologies Inc., Dynetics Inc., Nano Avionics, Israel Aerospace Industries Ltd., and OHB SE.
The satellite manufacturing and launch system market is segmented -
• By Technology Type: Satellite Manufacturing, Satellite Launch System
• By Satellite Type: Lower Earth Orbit (LEO) Satellites, Medium Earth Orbit (MEO) Satellites, Geosynchronous Equatorial Orbit (GEO) Satellites, Beyond GEO Satellites
• By Application: Commercial Communications, Government Communications, Earth Observation Services, Research and Development, Navigation, Military Surveillance, Scientific Applications, Other Applications
• By End-User: Military and Government, Commercial, Other End-Users. North America was the largest region in the satellite manufacturing and launch system market.
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The satellite manufacturing and launch system refer to systems that are used for remote transmission, detection, inspection, communication, traffic control, and telemetry. A satellite is an artificially designed machine, placed in an earth's orbit to perform various applications such as navigation, weather monitoring, and space telescopes. A launch vehicle is used to place a satellite into earth's orbit.
The Table Of Content For The Satellite manufacturing and launch system Market Include:
1. Executive Summary
2. Satellite Manufacturing And Launch Systems Market Characteristics
3. Satellite Manufacturing And Launch Systems Market Trends And Strategies
4. Satellite Manufacturing And Launch Systems Forwarding Market - Macro Economic Scenario
5. Satellite Manufacturing And Launch Systems Market Size And Growth
……
27. Satellite Manufacturing And Launch Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Satellite Manufacturing And Launch Systems Market
29. Satellite Manufacturing And Launch Systems Market Future Outlook and Potential Analysis
30. Appendix
The "Global Satellite Manufacturing And Launch System Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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