Satellite Manufacturing And Launch Systems Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

What industry-specific factors are fueling the growth of the satellite manufacturing and launch systems market?
The satellite manufacturing and launch market is experiencing notable growth due to heightened demand from civil/government, commercial, and military sectors. Military forces worldwide are increasingly employing satellite technologies to augment their defense resources. Various government organizations and defense forces globally are conducting tests and experiments to develop space attack capabilities. This includes ground-to-space warfare, where satellites are attacked from earth, space-to-space warfare involving satellite-on-satellite attacks, and space-to-earth warfare where satellites target earth-based objects. For instance, SpaceNews, a US-based non-governmental entity, reported in June 2024 that U.S manufacturers represented about 85% of commercially procured satellites in 2023. Satellite manufacturing revenue escalated by 9% to $17.2 billion, fueled by versatile software-defined payloads and advanced small satellites. There was a record of 190 commercially procured launches, an 18% surge from 2022. These launches sent off 2,781 commercial satellites reflecting a 20% increase from the previous year. This was largely attributed to SpaceX's efforts. As such, a higher demand for satellites from civil/government, commercial, and military sectors is forecasted to propel the growth of the satellite manufacturing and launch market further.

Get Your Satellite Manufacturing And Launch Systems Market Report Here:
https://www.thebusinessresearchcompany.com/report/satellite-manufacturing-and-launch-systems-global-market-report

What Is the projected market size and growth rate for the satellite manufacturing and launch systems market?
The market size for satellite manufacturing and launch systems has seen robust growth over the years. The market, which is predicted to swell from $27.25 billion in 2024 to $29.84 billion in 2025, is forecasted to have a compound annual growth rate (CAGR) of 9.5%. The augmentation during the historical period is largely due to the progress in space discovery and deployment of satellites, applications in defense and national security, services in commercial satellite communication, the surging need for earth observation satellites, as well as global navigation and positioning systems.

In the coming years, a substantial growth is forecasted for the satellite manufacturing and launch systems market, with predictions for it to escalate to $42.11 billion in 2029 with a compound annual growth rate (CAGR) of 9.0%. The surge in the projected period can be linked to factors such as the manufacturing of small satellite and constellations, mega-constellations aimed at achieving global connectivity, swift satellite deployment and replacement, measures for space debris mitigation and sustainability, exploration of space mining and resources and the enhancements in satellite propulsion and power systems. The market trends in the projected period prominently include 3D-printed satellite components, cubesat and nano-satellite technologies, in-orbit servicing and refueling capabilities, artificial intelligence-led autonomous satellite operations, satellite-as-a-service (saas) commercial models, and reusable satellite launch systems.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6397&type=smp

What new trends are reshaping the satellite manufacturing and launch systems market and its opportunities?
A key rising trend in the satellite manufacturing and launch systems market is the use of 3D technology in production processes. The procedure of 3D printing allows elaborate products to be formed directly from computer-aided drafting (CAD) design. This technique, often referred to as additive manufacturing, is utilized by the satellite sector to cut costs, speed up production, and boost performance. It is used to create a variety of satellite components including radio frequency components, antennas, etc. For example, in January 2022, the Australian company Fleet Space manufactured Alpha, the first fully 3D printed satellite, which was launched within a year. This marked a significant advancement as it was the first time a satellite had been entirely 3D printed. This stride into deploying, developing, and servicing space technology places it as a global pioneer in space technology and pushes Australia closer to leading this crucial field.

What major market segments define the scope and growth of the satellite manufacturing and launch systems market?
The satellite manufacturing and launch systems market covered in this report is segmented -

1) By Technology Type: Satellite Manufacturing, Satellite Launch System
2) By Satellite Type: Lower Earth Orbit (LEO) Satellites, Medium Earth Orbit (MEO) Satellites, Geosynchronous Equatorial Orbit (GEO) Satellites, Beyond GEO Satellites
3) By Application: Commercial Communications, Government Communications, Earth Observation Services, Research and Development, Navigation, Military Surveillance, Scientific Applications, Other Applications
4) By End-User: Military and Government, Commercial, Other End-Users

Subsegments:
1) By Satellite Manufacturing: Small Satellites, Medium Satellites, Large Satellites, Satellite Components
2) By Satellite Launch System: Expendable Launch Vehicles (ELVs), Reusable Launch Vehicles (RLVs), Hybrid Launch Vehicles

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6397

Which region dominates the satellite manufacturing and launch systems market?
North America was the largest region in the satellite manufacturing and launch systems market in 2024. The Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite manufacturing and launch systems market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Which key market leaders are driving the satellite manufacturing and launch systems industry growth?
Major companies operating in the satellite manufacturing and launch systems market include 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.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=6397&type=smp

What Is Covered In The Satellite Manufacturing And Launch Systems Global Market Report?

•Market Size Forecast: Examine the satellite manufacturing and launch systems market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the satellite manufacturing and launch systems market for a structured understanding.
•Key Players Overview: Analyze major players in the satellite manufacturing and launch systems market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the satellite manufacturing and launch systems market.
•Segment Contributions: Evaluate how different segments drive overall growth in the satellite manufacturing and launch systems market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the satellite manufacturing and launch systems market.
•Industry Challenges: Identify potential risks and obstacles affecting the satellite manufacturing and launch systems market.
•Competitive Landscape: Review strategic developments in the satellite manufacturing and launch systems market, including expansions, agreements, and new product launches.

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.