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Satellite Manufacturing and Launch Market by Product, Application, and Geography - Forecast and Analysis 2020-2024

  • Published: Sep 2020
  • Pages: 120
  • SKU: IRTNTR45022
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The satellite manufacturing and launch market size has the potential to grow by USD 3.50 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This satellite manufacturing and launch market report provides a detailed analysis of the market by product (satellite manufacturing and launch services), application (communication satellite, military surveillance, earth observation satellite, navigation satellite, and others), and geography (APAC, Europe, MEA, North America, and South America). 

Satellite Manufacturing and Launch Market Size

Satellite Manufacturing and Launch Market Size

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Who are the Major Satellite Manufacturing and Launch Market Vendors?

This satellite manufacturing and launch market analysis report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Airbus SE
  • Honeywell International Inc.
  • Lockheed Martin Corp.
  • Maxar Technologies Inc.
  • Northrop Grumman Corp.
  • OHB SE
  • Raytheon Technologies Corp.
  • Space Exploration Technologies Corp.
  • Thales Group
  • The Boeing Co.

The satellite manufacturing and launch market is fragmented. Since traditional satellite manufacturers are not the sole investors of the market, a radical change in the market dynamics is anticipated to emerge. Hence, to retain their competitive edge, some satellite ventures have plans to manufacture space systems, payloads, or subsystems and components inhouse. Major technological shifts such as miniaturization and the advent of reusable satellite launch vehicle systems would necessitate subsequent adaptation for seizing emerging market opportunities. This satellite manufacturing and launch market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies.

Market drivers such as the increasing demand for satellite-based telemetry systems will create immense growth opportunities for vendors. However, challenges such as technological limitations and other vulnerabilities may impede the growth of the market participants.

Which are the Key Markets for Satellite Manufacturing and Launch?

Satellite Manufacturing and Launch Market Share by Geography

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APAC will offer several growth opportunities to market vendors during the forecast period. The increased demand for satellites due to the modernization of critical communication infrastructure will significantly drive satellite manufacturing and launch market growth in this region over the forecast period.

47% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for satellite manufacturing and launch in APAC. Market growth in this region will be faster than the growth of the market in other regions.

What are the Major Product Segments in the Satellite Manufacturing and Launch Market?

Satellite Manufacturing and Launch Market Share by Product

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Satellite manufacturing accounts for the largest satellite manufacturing and launch market share in the product segment. The satellite manufacturing market is driven by the demand for satellites for a plethora of applications ranging from military surveillance, communications, navigation to earth observation. The advent of small and nano-satellites has boosted the satellite manufacturing market. The increase in the demand for satellites has necessitated augmentation of the total output of satellites. Thus, to boost production figures, satellite manufacturers have planned to expand their production facilities. Several countries are also focusing on their indigenous satellite programs. Such developments are anticipated to drive the growth of the satellite manufacturing segment during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the satellite manufacturing and launch market size. 

An in-depth scenario-based approach was followed in this satellite manufacturing and launch market research report to identify the direct and indirect impact of COVID-19 on market growth. Buy the full market research report to gain actionable insights on the influence of COVID-19 on satellite manufacturing and launch market segments.

What are the Key Satellite Manufacturing and Launch Market Drivers and Trends?

Various users such as surveyors, farmers, miners, fishers, engineers, and other decision-makers depend on earth observation data to meet their business goals. Search engines such as Google also rely on earth observation data provided by satellite-based telemetry systems for their mapping and location-based services. Such data is widely shared and used by defense and military applications, science, and R&D organizations as well as private users. Several countries are planning to upgrade and procure optical satellites to help them safeguard their national interests. The growing demand for complex and economic earth observation mission satellites are expected to drive significant returns for the satellite manufacturing and launch companies.

The high launch costs associated with space-based systems is related to the mass of the payload. This induced many satellite manufacturers to extensively invest in R&D to develop small, micro, and nanosatellites. The low cost of micro and nanosatellites benefit science and technology demonstration missions. These satellites are highly preferred by researchers and also by small educational institutes and universities. This trend of miniaturizing satellites is expected to positively impact the market dynamics of the global satellite manufacturing and launch market over the forecast period. As a result of these factors, the market will register a CAGR of over 3% during the forecast period.

Satellite Manufacturing and Launch Market Report

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Key Highlights of the Satellite Manufacturing and Launch Market Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive satellite manufacturing and launch market growth during the next five years
  • Precise estimation of the satellite manufacturing and launch market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the satellite manufacturing and launch industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of satellite manufacturing and launch market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Satellite manufacturing - Market size and forecast 2019-2024
  • Launch services - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Communication satellite - Market size and forecast 2019-2024
  • Military surveillance - Market size and forecast 2019-2024
  • Earth observation satellite - Market size and forecast 2019-2024
  • Navigation satellite - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Airbus SE
  • Honeywell International Inc.
  • Lockheed Martin Corp.
  • Maxar Technologies Inc.
  • Northrop Grumman Corp.
  • OHB SE
  • Raytheon Technologies Corp.
  • Space Exploration Technologies Corp.
  • Thales Group
  • The Boeing Co.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The satellite manufacturing and launch market growth will increase by $3.50 billion during 2019-2024.
The satellite manufacturing and launch market is expected to grow at a CAGR of 3.21% during 2019-2024.
Technavio has segmented the satellite manufacturing and launch market by product (Satellite manufacturing and Launch services) ,application (Communication satellite, Military surveillance, Earth observation satellite, Navigation satellite, and Others) , and geographic (North America, Europe, APAC, South America, and MEA).
Airbus SE, Honeywell International Inc., Lockheed Martin Corp., Maxar Technologies Inc., Northrop Grumman Corp., OHB SE, Raytheon Technologies Corp., Space Exploration Technologies Corp., Thales Group, The Boeing Co. are a few of the key vendors in the satellite manufacturing and launch market.
APAC will register the highest growth rate of 46.57% among the other regions. Therefore, the satellite manufacturing and launch market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • France
  • Germany
  • India
  • Russian Federation
The key factors driving the satellite manufacturing and launch market growth are:
  • Reduction in associative launch cost
The satellite manufacturing and launch market vendors should focus on grabbing business opportunities from the satellite manufacturing segment as it accounted for the largest market share in the base year.
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