Satellite Manufacturing and Launch Market - Global Regional Analysis, Trends, Development, Strategy, Competitor Analysis, Industry Size, Share, Forecast 2023

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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.

Market Research Future (MRFR) has published a research report about the global satellite manufacturing and launch market that anticipates decent gains for the market with 6% CAGR (Compound Annual Growth Rate) during the forecast period between 2016 and 2021.

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.

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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. The satellite receives radio signals from transmitters attached to the target. Thus, it provides researchers with an up-to-date location of the target whenever it moves. Based on the transmitter signal, the distance between the transmitter and the satellite can be calculated, and the location of the transmitter on the ground can be determined, geometrically.

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 development of all-electric propulsion systems for satellites will contribute in the development of the satellite market. Also, satellites are currently launched by ELV, which can be used for a single mission. The launch of these satellites into orbit entails significant costs, which can be reduced by the development of reusable space launch vehicles. The growth of commercial companies working toward low-cost satellite-based internet services is also expected to open up opportunities for the smaller nano and microsatellites market as many such satellites will be utilized for these programs.

Key Players:

The key players for the satellite manufacturing and launch market are 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).

Regional Analysis:

The markets in Europe and North America have traditionally developed and launched most satellites.
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.
Currently, U.S., Russia, China, Japan and a few of the European countries have a stronghold in the area of satellite manufacturing.

Intended Audience:

• Government
• Policy maker
• Consultants
• Suppliers

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Release ID: 516702

Name: Market Research Future
Email: Send Email
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India