2025 Satellite Manufacturing And Launch Systems Market Outlook: Key Indicators Shaping Growth Through 2034

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What Will the Satellite Manufacturing And Launch Systems Industry Market Size Be by 2025?
The market size of satellite manufacturing and launch systems has experienced significant growth in the past years. The value of the market is projected to rise from $27.25 billion in 2024 to $29.84 billion in 2025, following a compound annual growth rate (CAGR) of 9.5%. This growth during the historical period can be traced back to factors such as space exploration and deploying of satellites, defense and national security applications, commercial satellite communication services, a surge in demand for earth observation satellites, and global navigation and positioning systems.

What's the Long-Term Growth Forecast for the Satellite Manufacturing And Launch Systems Market Size Through 2029?
The market size of satellite manufacturing and launch systems is predicted to observe a significant surge in the forthcoming years, escalating to $42.11 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. Factors fuelling growth during the forecast period include the manufacturing of small satellites and constellations, mega-constellations for worldwide connectivity, rapid deployment and replacement of satellites, initiatives for space debris mitigation and sustainability, space mining and resource exploration, along with advanced satellite propulsion and power mechanisms. The forecast period is also expected to witness notable trends such as 3D-printed satellite components, cubesat and nano-satellite technologies, capabilities for on-orbit servicing and refuelling, AI-enabled autonomous satellite operations, satellite-as-a-service (SaaS) business models, and launch systems for reusable satellites.

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What Are the Key Growth Drivers Fueling the Satellite Manufacturing And Launch Systems Market Expansion?
The growth of the satellite manufacturing and launch market is vastly attributed to the escalating demand for satellites from civil/government, commercial, and military sectors. Across the globe, military forces are increasingly adopting satellite technologies to ramp up their defense capabilities. A wide range of tests and experiments for launching space-attacking facilities are being implemented by government bodies and defense forces worldwide. Various forms of space warfare include ground-to-space conflict involving attacks on satellites from earth, space-to-space combat where satellites act against each other, and space-to-earth confrontations with satellites aiming at earth-based targets. For example, in 2024, SpaceNews, an American non-profit organization, reported that in 2023, U.S. manufacturers constituted around 85% of commercial satellite procurements, with the satellite manufacturing revenue growing by 9% to $17.2 billion, largely driven by versatile software-defined payloads and innovative small satellites. An unprecedented 190 commercial launches occurred, displaying an 18% surge from 2022. These launches deployed 2,781 commercial satellites, a notable 20% increment year-over-year, majorly propelled by SpaceX. Consequently, the rising demand for satellites from civil/government, commercial, and military sectors is projected to fuel the progress of the satellite manufacturing and launch market.

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What Are the Key Trends Driving Satellite Manufacturing And Launch Systems Market Growth?
The adoption of 3D technology in production is becoming a significant trend in the satellite manufacturing and launch systems market. 3D printing allows a final product to be created directly from computer-aided design (CAD) drafts. Often referred to as additive manufacturing, the satellite industry employs this technology to reduce costs, expedite production, and enhance performance. This method is utilized in the construction and design of various satellite parts, including antennas, radiofrequency components, and more. For example, in January 2022, an Australian company, Fleet Space, manufactured the world's first entirely 3D printed satellite, Alpha, which is set to launch within the following 12 months. Alpha represents substantial progress, marking the very first time a satellite is entirely made through 3D printing. By integrating the deployment, creation, and service of space technology, it has become a worldwide leader in the field of space technology, bolstering Australia's aspirations to dominate this crucial sector.

How Is the Satellite Manufacturing And Launch Systems Market Segmented?
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

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Which Companies Are Leading the Charge in Satellite Manufacturing And Launch Systems Market Innovation?
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.

Which Regions Are Leading the Global Satellite Manufacturing And Launch Systems Market in Revenue?
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.

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