Satellite Manufacturing And Launch Systems Global Market Report 2024

Satellite manufacturing and launch systems encompass the technologies used for remote transmission, detection, inspection, communication, traffic control, and telemetry. Satellites, artificially designed machines, are placed in Earth's orbit to perform various applications, including navigation, weather monitoring, and space telescopes. Launch vehicles are utilized to place satellites into Earth's orbit.

The main technology types in the satellite manufacturing and launch systems market include satellite manufacturing and satellite launch systems. The satellite manufacturer, typically the prime contractor and manufacturer of the satellite, is a party to the satellite purchase agreement. Satellite manufacturing and launch systems involve different satellite types, such as lower earth orbit (LEO) satellites, medium earth orbit (MEO) satellites, geosynchronous equatorial orbit (GEO) satellites, and beyond GEO satellites. These satellites find applications in various sectors, including commercial communications, government communications, earth observation services, research and development, navigation, military surveillance, scientific applications, and other applications. End-users of satellite manufacturing and launch systems include military and government, commercial entities, and other users.

The satellite manufacturing and launch systems market research report is one of a series of new reports that provides satellite manufacturing and launch systems market statistics, including satellite manufacturing and launch systems industry global market size, regional shares, competitors with a satellite manufacturing and launch systems market share, detailed satellite manufacturing and launch systems market segments, market trends and opportunities, and any further data you may need to thrive in the satellite manufacturing and launch systems industry. This satellite manufacturing and launch systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The satellite manufacturing and launch systems market size has grown strongly in recent years. It will grow from $25.33 billion in 2023 to $27.8 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth observed during the historic period can be attributed to several factors, including advancements in space exploration and satellite deployments, the utilization of satellites for defense and national security applications, the expansion of commercial satellite communication services, a heightened demand for earth observation satellites, and the development of global navigation and positioning systems.

The satellite manufacturing and launch systems market size is expected to see strong growth in the next few years. It will grow to $39.75 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The anticipated growth in the forecast period can be attributed to various factors, including the expansion of small satellite manufacturing and constellations, the development of mega-constellations for global connectivity, the rapid deployment and replacement of satellites, increased focus on space debris mitigation and sustainability, advancements in space mining and resource exploration, and the adoption of advanced satellite propulsion and power systems. Key trends in the forecast period include the use of 3D-printed satellite components, advancements in cubesat and nano-satellite technologies, the development of on-orbit servicing and refueling capabilities, the integration of AI-driven satellite autonomous operations, the emergence of satellite-as-a-service (SaaS) business models, and the utilization of reusable satellite launch systems.

The heightened demand for satellites across civil/government, commercial, and military sectors is significantly fueling the expansion of the satellite manufacturing and launch market. Military forces globally are increasingly leveraging satellite technologies to enhance their defense capabilities, conducting various tests and experiments for space-attacking facilities. Space warfare scenarios, including ground-to-space, space-to-space, and space-to-earth conflicts, are being explored. For instance, in May 2021, United Launch Alliance (ULA) launched the fifth Space-Based Infrared System satellite for the U.S. Space Force. This $1 billion satellite, crafted by Lockheed Martin, a US-based aerospace company, is equipped with onboard infrared sensors designed to identify and track plumes generated by missile launches worldwide, enhancing the US's preparedness for potential threats. Consequently, the heightened demand for satellites across sectors is anticipated to be a driving force for the satellite manufacturing and launch market.

The increasing allocation of government expenditure for space programs is expected to drive the future growth of the satellite manufacturing and launch systems market. Governments worldwide allocate funds for various purposes, including national security, defense, space exploration, infrastructure development, and environmental monitoring. This financial support spurs the demand for specialized satellites and launch systems, fostering technological advancements and economic growth in the satellite industry. In April 2021, the National Aeronautics and Space Administration (NASA) reported a 6.3% increase, amounting to $24.7 billion in the president's 2022 discretionary proposal for NASA, compared to the funding level set in 2021. Thus, the escalating government expenditure for space programs is a key driver of the satellite manufacturing and launch systems market.

The integration of 3D technology in manufacturing is a prominent trend gaining traction in the satellite manufacturing and launch systems market. 3D printing, also known as additive manufacturing, enables the direct creation of a final product through computer-aided drafting (CAD) designing. This technology is increasingly adopted by the satellite industry to optimize costs, accelerate production, and enhance performance. It is used to design and manufacture various satellite components, including radiofrequency components and antennas. For example, Airbus, a Netherlands-based aerospace company, utilized additive layer manufacturing (ALM) or 3D printing to design a radiofrequency component for its telecommunication satellite in February 2021. Furthermore, Australian company Fleet Space achieved a significant milestone by developing the first fully 3D printed satellite, Alpha, which launched within the following 12 months. This innovation represents a major advancement in space technology.

Major companies in the satellite manufacturing and launch systems market are focusing on developing miniature and small satellites to gain a competitive advantage. Miniaturized satellites, such as CubeSats and SmallSats, offer cost-effective solutions for diverse applications, including Earth observation, communication, and scientific research. In May 2023, Rocket Lab, Inc., a US-based aerospace manufacturing company, launched a pair of NASA CubeSats known as the Time-Resolved Observations of Precipitation structure and storm Intensity with a Constellation of Smallsats (TROPICS). These CubeSats were deployed into a 550-kilometer orbit, providing vital data for monitoring tropical storms.

In September 2021, BAE Systems, a UK-based multinational company specializing in arms, security, and aerospace, announced the acquisition of In-Space Missions for $18 million. This strategic move aims to integrate diverse space capabilities, contributing to information advantage, multi-domain operations, and networking for BAE Systems' customers. In-Space Missions, a UK-based company, specializes in designing, building, and operating satellites and satellite systems.
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.

North America was the largest region in the satellite manufacturing and launch systems market in 2023. 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 are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the satellite manufacturing and launch systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The satellite manufacturing and launch system market consists of sales of satellite and launch systems such as highly elliptical orbit, near-polar sun-synchronous orbit, polar orbit, and geostationary transfer orbit. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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