Press release
Satellite Manufacturing and Launch Systems Market: Size, Growth Rate, Key Players, and Trends
Satellite Manufacturing and Launch Systems Market
What Is The Projected Market Size Of The Global Satellite Manufacturing And Launch Systems Market And Its Growth Rate?
• The market size has expanded significantly from $27.25 billion in 2024 to $29.84 billion in 2025 at a CAGR of 9.5%.
• The surge in growth is influenced by space exploration, satellite deployments, national security applications, and commercial satellite communication services among others.
• By 2029, the market size is predicted to reach $42.11 billion by growing at a CAGR of 9.0%.
• Emerging trends like small satellite manufacturing, mega-constellations for global connectivity, space debris mitigation, and advanced satellite propulsion systems would influence future growth.
What Is Driving The Growth In The Satellite Manufacturing And Launch Systems Market?
The satellite manufacturing and launch systems market is witnessing substantial growth mainly due to the escalating demand for satellites from civil/government, commercial, and military sectors. For instance, according to SpaceNews, U.S. manufacturers accounted for approximately 85% of commercially procured satellites in 2023, leading to a revenue increase of 9% to $17.2 billion due to advancements like flexible software-defined payloads and small satellites.
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Who Are The Key Players Driving Satellite Manufacturing And Launch Systems Market Growth?
• Northrop Grumman Corporation
• ArianeGroup
• Space Exploration Technologies Corp.
• Blue Origin LLC
• Lockheed Martin Corporation
• The Boeing Company
• Sierra Nevada Corporation
• Thales Group
• Maxar Technologies Inc.
• Dynetics Inc.
• NanoAvionics UAB
• Israel Aerospace Industries Ltd.
• OHB SE
• Airbus SE
• China Aerospace Science and Technology Corporation
• Mitsubishi Heavy Industries Ltd.
• SpaceQuest Ltd
• GomSpace Group AB
• Planet Labs Inc.
• United Launch Alliance LLC
• Rocket Lab USA Inc.
• GeoOptics Inc.
• Honeywell International Inc.
• BAE Systems plc
• Safran S.A.
• Parker Hannifin Corporation
• Cobham plc.
• Kratos Defense & Security Solutions Inc.
What Are The Key Trends In The Satellite Manufacturing And Launch Systems Market?
• 3D-printed satellite components
• Cubesat and nano-satellite technologies
• On-orbit servicing and refueling capabilities
• AI-driven satellite autonomous operations
• Satellite-as-a-service (SaaS) business models
• Reusable satellite launch systems
What Are The Segments Of The Global Satellite Manufacturing And Launch Systems Market?
• 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
Which Region Leads The Satellite Manufacturing And Launch Systems Market?
In 2024, North America led the satellite manufacturing and launch systems market. However, Asia-Pacific is anticipated to be the fastest-growing region in the forecast period. Other regions covered in the market report include Western Europe, Eastern Europe, South America, Middle East and Africa.
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What Is Covered In The Satellite Manufacturing And Launch Systems Market Global Market Report?
- Market Size Analysis: Analyze the Satellite Manufacturing And Launch Systems Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Satellite Manufacturing And Launch Systems Market.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Estimate contributions of different segments to the overall market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Satellite Manufacturing And Launch Systems Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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