Satellite Manufacturing and Launch Vehicle Market to Reach USD 69.68 billion by 2031, Driven by Small Satellite Demand and Commercial Launch Services - Mordor Intelligence

Introduction

The satellite manufacturing and launch vehicle market was valued at USD 41.50 billion in 2025 and estimated to grow from USD 45.24 billion in 2026 to reach USD 69.68 billion by 2031, at a CAGR of 9.02% during the forecast period (2026-2031), reflecting stable satellite manufacturing and launch vehicle market growth during the forecast period. This outlook highlights the growing reliance on satellites for connectivity, security, climate monitoring, and commercial services, along with the rising need for reliable launch systems.

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Key Market Trends

Shift Toward Small Satellites: Satellite operators are increasingly adopting compact and standardized satellite platforms that enable faster manufacturing cycles and reduced mission costs. This trend supports the rapid deployment of large satellite constellations for communication and earth observation applications.

Growth of Commercial Launch Providers: Private launch service companies are expanding their role by offering both dedicated and rideshare launch options. This has improved access to space for new entrants while increasing launch frequency and scheduling flexibility.

Continued Government Investment and Partnerships: Government space programs remain a key demand driver through investments in defense, navigation, and scientific satellite missions. Public-private collaborations are becoming more common, helping optimize mission planning and execution.

Adoption of Reusable Launch Technologies: Launch vehicle developers are gradually integrating reusable components to control operational costs and improve launch turnaround times, making space missions more economically sustainable.

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Market Segmentation

By Application
-Communication
-Earth Observation
-Navigation
-Space Observation
-Others

By Satellite Mass
-Below 10 kg
-10 - 100 kg
-100 - 500 kg
-500 - 1,000 kg
-Above 1,000 kg

By Orbit Class
-LEO (Low Earth Orbit)
-MEO (Medium Earth Orbit)
-GEO (Geostationary Earth Orbit)

By Launch-Vehicle MTOW (Maximum Take-Off Weight)
-Light
-Medium
-Heavy

By End-User
-Commercial
-Military and Government
-Other

By Satellite Subsystem
-Propulsion Hardware and Propellant
-Satellite Bus and Sub-systems
-Solar Array and Power Hardware
-Structures, Harness and Mechanisms

By Propulsion Technology
-Electric
-Liquid Fuel
-Gas-based/Hybrid

By Geography
-North America
-South America
-Middle east Africa
-Europe
-Asia pacific

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Key Players

Airbus SE

China Aerospace Science and Technology Corporation (CASC)

Space Exploration Technologies Corp.

The Boeing Company

Northrop Grumman Corporation

Conclusion

The satellite manufacturing and launch vehicle market remains an essential part of the global space economy, serving a wide range of civil, commercial, and defense needs. Market dynamics are shaped by increasing satellite deployments, expanding commercial launch services, and steady government involvement.

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Industry Related Reports:

North America Satellite Launch Vehicle Market: The North America Satellite Launch Vehicle Market is segmented by Orbit Class (GEO, LEO, MEO), by Launch Vehicle Mtow (Heavy, Light, Medium) and by Country (United States). Market Value in USD is presented. Key Data Points observed include spending on space programs in USD by region; and, the count of satellite launches by satellite launch mass.

Get more Insights: https://www.mordorintelligence.com/industry-reports/north-america-satellite-launch-vehicle-market?utm_source=openpr

Satellite Manufacturing Market : The Satellite Manufacturing Market report segments the industry into Application (Communication, Earth Observation, Navigation, and more), Satellite Mass (10-100kg, 100-500kg, and more), Orbit Class (GEO, LEO, and more), End User (Commercial, Military & Government, and more), Satellite Subsystem (Propulsion Hardware and Propellant, and more), Propulsion Tech (Electric, and more), and Region (Asia-Pacific, and more).

Get more Insights: https://www.mordorintelligence.com/industry-reports/global-satellite-manufacturing-market?utm_source=openpr

Europe Satellite Manufacturing Market : The Europe Satellite Manufacturing Market report segments the industry into Application (Communication, Earth Observation, Navigation, Space Observation, Others), Satellite Mass (10-100kg, 100-500kg, 500-1000kg, Below 10 Kg, above 1000kg), Orbit Class (GEO, LEO, MEO), End User (Commercial, Military & Government, Other), Satellite Subsystem, Propulsion Tech, and Country.

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