Global satellite manufacturing and launch systems market is valued approximately at USD 17.99 billion in 2020 and is anticipated to grow with a healthy growth rate of about 3.76% over the forecast period 2021-2027. Satellite manufacturing and launch systems deals with a range of activities such as manufacturing of satellite, satellite payload integration with the rocket, launch infrastructure, launch assembly system, etc. The global satellite manufacturing and launch systems market is being driven by investments by government and space agencies to develop advanced satellite launch vehicles and increased demand for precise network for military and commercial application. Furthermore, research and development spending by private players will provide new opportunities for the global satellite manufacturing and launch systems industry. In 2020, Northrop Grumman Corp. announced to expand its Gilbert satellite manufacturing campus. The expansion also includes an addition of 100,000 square foot to its existing satellite manufacturing facility which permits the company to double its current satellite production capacity. In 2017, Lockheed Martin announced to invest $350 million in a satellite production facility which focuses on building projects related to micro and macro satellites. Such strategic moves by the market players would enhance their satellite manufacturing capabilities and hence is expected to drive the market growth during the forecast period. However, cost associated with satellite design and development may impede market growth over the forecast period of 2021-2027.
The regional analysis of the global satellite manufacturing and launch systems market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share due to factors such as investments in satellite manufacturing by the U.S. government and the market players, research and development activities, etc. in the region. Whereas Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to development in satellite launch infrastructure, increasing space launches, etc. across the region.
Major market player included in this report are:
Northrop Grumman Corporation
Space Exploration Technologies Corp.
Lockheed Martin Corporation
The Boeing Company
Mitsubishi Heavy Industries Ltd
Sierra Nevada Corporation
Maxar Technologies Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Military and Government
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Satellite Manufacturing and Launch Systems Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers