Market Research Report
Satellite Manufacturing & Launch Market, By Mission(Earth Observation Services, Military Surveillance, Commercial/Military Communication, Navigation, Meteorology & R&D), Orbit, Geography-Analysis, Share, Trends, Size, & Forecast from 2014-2025
|Published by||AnalystView Market Insights||Product code||825240|
|Published||Content info||113 Pages
Delivery time: 2-3 business days
|Satellite Manufacturing & Launch Market, By Mission(Earth Observation Services, Military Surveillance, Commercial/Military Communication, Navigation, Meteorology & R&D), Orbit, Geography-Analysis, Share, Trends, Size, & Forecast from 2014-2025|
|Published: March 21, 2019||Content info: 113 Pages||
Satellite Manufacturing and Launch Market, By Mission (Earth Observation Services, Military Surveillance, Commercial Communication, Military Communication, Navigation, Meteorology and R&D), By Orbit, By Geography (North America, Europe, Asia Pacific, and RoW) - Analysis, Share, Trends, Size, & Forecast from 2014 - 2025.
The satellite manufacturing and launch market was valued at USD 18.99 billion by 2017, growing with 2.9% CAGR during the forecast period, 2018-2025
The satellite system nowadays plays a pivotal part in the day to day life. After the launch of first satellite Sputnik 1, till now, around 8,100 satellites are launched globally. As per the article published by TPM Media LLLC, around 1,100 active man-made satellites (government as well as private) are in orbiting system. From telemetry, surveillance, communications to remote sensing, the use of satellite is widespread. Such huge figures are justifying the bright future of market.
Whether, it is about the inter security of a country or establishing a proper framework of the communication system, demand for satellite manufacturing and launch system is rising in the global economy. There is a huge demand for satellites to ensure a stringent internal and external surveillance system in various countries which is giving a push to the industry growth. Also, various satellite-based commercial usage such as GPS services, the telemetry systems as well as the internet have a great impact on the growth of this industry.
In addition, with the arrival of more and more devices which are dependent on satellites, there is no doubt that there will be a strong possibility for this industry growth. One such example would be of the devices that are used to monitor infants. The manufacturers of this device are marketing it as a safety device which will monitor the movement of the infants inside the house while parents are away. The awareness of infant protection is rising ever so rapidly and also, there is great proclivity towards the setting up nuclear families. These are some of the main factors causing the rise of these devices.
As per mission type, the market is categorized into earth observation services, military surveillance, commercial communication, military communication, navigation, meteorology, and R&D. Earth observation services is the fastest growing segment. From 2007-2016, 181 earth observation satellites were launched. Revenue of earth observation services has reached at its pinnacle owing to great demand in imagery sales and emphasis on analytics from high-resolution imagery.
The use of satellites for military surveillance will excel the market in near future. Satellite manufacturers are paying more attention on small satellites which will allow launch of multiple satellites in one orbit.
As per the position in the orbit, there are many types of satellites such as GEO (Geosynchronous), LEO (Low Earth orbit), MEO (Medium Earth orbit), and Beyond GEO. Increase in demand of consumer service, media market, and mobility & government will strengthen the GEO satellite market. But, huge manufacturing and design cost are some of the restrain of this market.
Low Earth Orbit (LEO) is anticipated to retain its dominance from 2018-2025. With the augmentation of small satellites launch in Low Earth Orbit, this segment will experience the fastest growth in the forecast period.
Companies such Orbital ATK, Boeing Defense Space & Security, Raytheon Airbus Defence and Space, SSL, Lockheed Martin, and ISS Reshetnev (Russia) have enhanced their market presence by developing satellites. Many private companies like SpaceX and United Launch Alliance scheduled more than 30 launches in 2016. Excelling demand for commercial communication and imaging satellite along with space exploration mission will result in good growth of this industry over the forecast period.
The market size and forecast for each segment and sub-segments has been considered as below:
The scope of this report covers the market by its major segments, which include as follows:
Client can request additional company profiling as per specific requirements