Space Systems, Satellites & Launchers Market worth $102.56 billion by 2030, growing at a CAGR of 12.14% - Exclusive Report by 360iResearch

The "Space Systems, Satellites & Launchers Market by Payload (Cargo, Human Spaceflight, Satellite), Platform (Air, Land, Sea), Service Type, Vehicle Type, Orbit Type, End User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Space Systems, Satellites & Launchers Market to grow from USD 45.98 billion in 2023 to USD 102.56 billion by 2030, at a CAGR of 12.14%.

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Space systems, satellites & launchers encompass a broad range of components and technologies designed for operations beyond the Earth's atmosphere. These systems include satellites, spacecraft, space stations, and the supporting ground control infrastructure for communication, navigation, Earth observation, and scientific research. Artificial satellites, launched by rockets into space, serve various purposes such as communication, weather forecasting, Earth and space observation, and scientific exploration. They are vital in modern technology, affecting navigation, media broadcasting, and global connectivity. Global policy trends towards space exploration and commercialization, exemplified by government initiatives, propel the growth of the space systems, satellites & launchers market. However, the high initial cost associated with the launch services and the need for more skilled professionals remains a significant challenge for the manufacturers and operators. Companies are coming up with innovative ideas, such as developing reusable rockets and implementing AI and machine learning for autonomous satellite diagnostics and repair to tackle the concerns associated with space systems, satellites & launchers. Moreover, increasing collaboration between governments and private sector entities in space exploration missions offers extensive opportunities for market expansion. The commercial sector's entry has also introduced innovative business models and competitive dynamics, driving down costs and accelerating development cycles.

In the Americas, the United States presents a substantial market for space systems, satellites, and launchers due to technological advancements, investments, and patent filings in the space sector. Consumer demand for satellite-based services, including broadband internet and global positioning systems, is robust in this region. Major corporations and startups are heavily investing in space exploration, satellite internet, and reusable launch systems, further driving the growth of systems, satellites, and launchers. On the other hand, the European Union's (EU) space industry strongly emphasizes research and development, collaboration among member states, and environmental monitoring using satellite technologies. EU customers are keenly interested in sustainability and climate monitoring, driving demand for Earth observation services. Similarly, the Middle East is increasingly investing in space technology for telecommunication and Earth observation purposes, driven by the region's need for enhanced connectivity and environmental management. The consumer market is witnessing a surge in demand for satellite television and broadband services, motivating governments and private firms to invest in relevant technologies. Moreover, the Asia-Pacific region is experiencing a significant upsurge in its space systems, satellites, and launcher market, driven by increasing demands for better telecommunications, earth observation, and defense capabilities. Nations such as China, India, Japan, and South Korea are at the forefront, aggressively expanding their space infrastructure and capabilities. China and India, in particular, are rapidly advancing in satellite launches and space exploration missions, aiming for global competitiveness. The region's market is also seeing a rise in private sector participation, exemplifying a shift towards commercialization and partnerships.

Market Segmentation & Coverage:

This research report categorizes the Space Systems, Satellites & Launchers Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Payload, market is studied across Cargo, Human Spaceflight, Satellite, Stratollite, and Testing Probes. The Satellite commanded largest market share of 33.29% in 2023, followed by Cargo.

Based on Platform, market is studied across Air, Land, and Sea. The Land commanded largest market share of 72.70% in 2023, followed by Air.

Based on Service Type, market is studied across Post-Launch and Pre-Launch. The Pre-Launch commanded largest market share of 58.20% in 2023, followed by Post-Launch.

Based on Vehicle Type, market is studied across Heavy (Above 300 ton) and Small (Less than 300 ton). The Small (Less than 300 ton) commanded largest market share of 62.70% in 2023, followed by Heavy (Above 300 ton).

Based on Orbit Type, market is studied across Beyond GEO, GEO, LEO, and MEO. The Beyond GEO commanded largest market share of 55.22% in 2023, followed by GEO.

Based on End User, market is studied across Commercial, Military & Government, Private Companies, Satellite Service Providers, and Space Agencies. The Military & Government commanded largest market share of 40.95% in 2023, followed by Space Agencies.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 44.45% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Space Systems, Satellites & Launchers Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Space Systems, Satellites & Launchers Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Space Systems, Satellites & Launchers Market, highlighting leading vendors and their innovative profiles. These include Airbus SE, Antrix Corporation Limited, Arianespace, Ball Corporation, Berlin Space Technologies, Blue Origin Enterprises, L.P., China Aerospace Science and Technology Corporation, General Dynamics Corporation, GeoOptics, Inc., Hera Systems, Honeywell International Inc., IHI Corporation, Inmarsat Global Limited, Iridium Communications Inc., Isar Aerospace Technologies GmbH, Israel Aerospace Industries Ltd., Japan Aerospace Exploration Agency, JSC Siberia Airlines, L3Harris Technologies, Inc., Leidos, Inc., Lockheed Martin Corp., Maxar Technologies Holdings Inc., Mitsubishi Heavy Industries, Ltd., NanoAvionics, NaraSpace Inc., Northrop Grumman Corporation, OHB SE, Rocket Lab USA, Inc., RTX Corporation, Safran S.A., Sierra Nevada Corporation, Space Exploration Technologies Corporation, Starsem S.A., Thales Group, The Boeing Company, United Launch Alliance, LLC, and Virgin Group.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Space Systems, Satellites & Launchers Market, by Payload
7. Space Systems, Satellites & Launchers Market, by Platform
8. Space Systems, Satellites & Launchers Market, by Service Type
9. Space Systems, Satellites & Launchers Market, by Vehicle Type
10. Space Systems, Satellites & Launchers Market, by Orbit Type
11. Space Systems, Satellites & Launchers Market, by End User
12. Americas Space Systems, Satellites & Launchers Market
13. Asia-Pacific Space Systems, Satellites & Launchers Market
14. Europe, Middle East & Africa Space Systems, Satellites & Launchers Market
15. Competitive Landscape
16. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Space Systems, Satellites & Launchers Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Space Systems, Satellites & Launchers Market?
3. What is the competitive strategic window for opportunities in the Space Systems, Satellites & Launchers Market?
4. What are the technology trends and regulatory frameworks in the Space Systems, Satellites & Launchers Market?
5. What is the market share of the leading vendors in the Space Systems, Satellites & Launchers Market?
6. What modes and strategic moves are considered suitable for entering the Space Systems, Satellites & Launchers Market?

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