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Satellite Manufacturing And Launch Market Research Report- Global Forecast to 2023

Global Satellite Manufacturing and Launch Market Report Information by Application (Military, Commercial, and Government) by End-user (Weather Forecast, Internet Services, and Navigation), and by Regions - Forecast to 2023.
Satellite Manufacturing And Launch Market 2018
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Satellite Manufacturing And Launch Market 2018
Satellite Manufacturing And Launch Market 2018: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
Satellites are systems that are launched into space to provide various services such as communications, telemetry, remote sensing, surveillance, and so on.
Satellites are designed specifically as per their intended application. Depending on the type of application, satellites can be segmented as communications
satellites, navigation satellites, reconnaissance satellites, remote sensing satellites and so on. Satellites are also classified as LEO satellites, Sun-synchronous
Orbit satellites, and GEO satellites, according to the orbit location. Based on the size, the satellites are categorized as large, medium-sized, mini, micro,
nano, pico, and femto-satellites.
The growing utilization of satellites for military surveillance and other defense applications has been one of the major drivers for the market. The military
also needs more data bandwidth and reliable communication infrastructure to meet the growing demand from UAVs and modern equipment. The
demand for these satellites for commercial applications such as GPS services and the internet, has also increased. There also has been growth in the
demand for satellite-based telemetry applications. Along with a rise in demand for reliable telemetry infrastructure, demand for satellite-based telemetry
has also increased. Satellite telemetry is used for various civil, commercial, government, and military applications. For example, satellite telemetry is used
by researchers to track the movement of targets (e.g. animal and birds) on Earth. To do this, satellite telemetry involves following an object on the Earth's
surface through the use of orbiting satellites.
Satellite Manufacturing And Launch Market 2018
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100
numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Satellite Manufacturing
And Launch Market Research Report - Global Forecast 2023”
According to MRFR, the global satellite manufacturing and launch market is expected to grow at CAGR over 6%, during the forecast period 2017-2023.
There have been more than 4,800 launches since the beginning of space activities more than half a century ago. These launches have placed more than
6,000 satellites into orbit. Many of the satellites are decommissioned after the mission life. Thus, only less than a thousand of these satellites in orbit are
still operational.
Satellite Manufacturing And Launch Market 2018
However, there are many challenges associated with design and manufacturing of satellites. Each satellite has to be highly reliable and capable to
withstand space environment and launch events while considering the prohibitive cost, safety and certification requirements during the design and build.
Also, military and defense segment is one of the major customer segments for the market. The ongoing economic crisis in Europe and defense budget
cuts in major markets such as U.S. hamper the growth of the market. Furthermore, there is an increase in space debris because of parts and components
for space launch vehicles and the remains of satellites after their end-of-service life. Also, the satellite launch industry suffers from program delays, because
of technical, economic or safety reasons.
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Satellite Manufacturing And Launch Market 2018
Application & Major Players in this Research:
Satellite Manufacturing And Launch Market Prominent Players:
Airbus Defence and Space (Germany),
Boeing Defence,
Space & Security (U.S.),
Orbital ATK (U.S.),
SSL (U.S.),
Lockheed Martin (U.S.),
ISS Reshetnev (Russia),
Arianespace (France),
ViaSat Inc. (U.S.), Innovative Solutions in Space (Netherlands), and GeoOptics (Canada)..
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Satellite Manufacturing And Launch Market 2018
Satellite Manufacturing And Launch Market Competitive Analysis
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
There is an increased demand for satellites from the civil/government, commercial and military sectors. The markets in
Europe and North America have traditionally developed and launched most satellites. However, the growing need for
satellite-based infrastructure in emerging countries such as China and India has contributed to the development of the
market in the Asia Pacific.
U.S. and Canada are the major markets in Americas for space-based programs. Both countries have advanced
infrastructures and are involved in various space programs. Organizations, such as NASA and SpaceX, in the U.S., are
developing new systems that are expected to meet the growing demand for satellites in the future. In the U.S., the
demand from military and defense sector has been increasing mainly for navigation, communications, and spy
Satellite manufacturing requires strong technological capability in this field. Currently, U.S., Russia, China, Japan and
a few of the European countries have a stronghold in the area of satellite manufacturing. However, along with the
growing demand for nano and microsatellite, it is expected that the manufacturing base of satellites will widen to
various regions of the world.
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