PUBLISHER: Allied Market Research | PRODUCT CODE: 1193108
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193108
Satellite manufacturing considerations are an important factor to think about when building the satellite. There are over a thousand satellites in orbit that originate from Earth, and each one has a usable life of between 5 and 15 years. The space research companies are increasing their focus toward developing cost-effective satellite manufacturing processes to cater to the rise in demand for satellite deployment across the world. Innovative satellite manufacturing methods have given space organizations access to benefits that were previously only available to major corporations or space organizations with vast financial resources.
SpaceX is one of the firms that has made the most commitment to satellite production. It was recently reported that the company was working on a satellite manufacturing project with the goal of providing Internet to the entire world. More than 4,000 satellites are expected to be sent into the orbit until 2024. The government organizations have increased collaboration with commercial satellite manufacturers to increase their presence in space.
For instance, Viasat UK, Ltd. secured a contract to supply Ultra High Frequency (UHF) satellite communications (SATCOM) in November 2020. Satellites are designed for the Royal Navy's new Type 31 frigates, and they will keep commanders up to date on the fleet's status. Revolutionary satellite manufacturing techniques such as unprecedented automation, software-defined designs, and modular satellite systems have resulted in a reduction in the time necessary to create satellites and a reduction in overall satellite production costs, attracting new market participants to the industry.
The satellite manufacturing market is segmented into application, satellite type, size, and region. By application, the market is divided into communication, earth observation, navigation, space observation, and others. By satellite type, the market is classified into LEO, MEO, GEO, and others. By size, the market is categorized into small, medium, and large. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global satellite manufacturing market include Airbus, Arianespace, Ball Corporation, Geooptics, Inc., L3Harris Technologies, Inc., Lockheed Martin Corporation, Maxar Technologies, Mitsubishi Electric Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Sierra Nevada Corporation, SpaceX, Thales Group, The Boeing Company, and Viasat, Inc
Key Benefits For Stakeholders
By Application
By Satellite Type
By Size
By Region