Market Size of North America Satellite Manufacturing and Launch Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Satellite Manufacturing & Launch Systems Market Analysis
The North America Satellite Manufacturing and Launch Systems Market is projected to grow at a CAGR of over 3% during the forecast period.
- The increasing demand for multirole satellites is driving the development and launch of new satellites, fostering a healthy environment for the growth of the market in focus in North America.
- The enhanced use of satellite-based telemetry systems for various applications, both commercial and military, is driving the demand for satellite systems in the region.
- Most of the current generation launch vehicles utilize chemical propellants. Hence, space agencies and satellite operating companies have undertaken numerous green initiatives to reduce dependence on chemical-powered propulsion systems. The preference for green propulsion is also anticipated to fuel investment toward electric propulsion technologies.
North America Satellite Manufacturing & Launch Systems Industry Segmentation
The study is based on the manufacturing aspect of the satellites and excludes R&D costs and the associated set up and operational costs of ground-based monitoring systems. The resupply missions for various space agencies are also excluded from the scope of the study.
| Product Type | |
| Satellite | |
| Launch Systems |
| Application | |
| Military and Government | |
| Commercial |
| Country | |
| United States | |
| Canada |
North America Satellite Manufacturing and Launch Systems Market Size Summary
The North America satellite manufacturing and launch systems market is experiencing growth driven by the increasing demand for multirole satellites and the enhanced use of satellite-based telemetry systems for both commercial and military applications. The market is witnessing a shift towards green propulsion technologies, reducing reliance on chemical propellants, which is expected to attract investments in electric propulsion. The development of all-electric satellites has significantly reduced launch costs by allowing multiple satellites to be accommodated on a single launch vehicle, thereby enhancing cost-effectiveness. Companies like Rocket Lab are innovating with advanced materials and propulsion systems to further decrease launch costs and streamline satellite deployment processes. This trend is anticipated to boost the number of satellite launches and, consequently, the market's revenue during the forecast period.
The market landscape is characterized by the presence of major players such as NASA and SpaceX, alongside numerous small and private technology providers investing in low-cost satellite design and launch. The US government's focus on enhancing defense capabilities has led to substantial investments in advanced military satellites, with contracts awarded to firms like Boeing and United Launch Services for satellite production and launch operations. The market dynamics are shifting as traditional satellite manufacturers expand their offerings to include in-house production of space systems and components, as seen with companies like OneWeb Satellites and ViaSat. These developments, along with technological advancements such as miniaturization and reusable launch vehicles, are reshaping the market, although they also introduce risks related to R&D, capital commitments, and contractual obligations that could impact financial stability and revenue consistency for market players.
North America Satellite Manufacturing and Launch Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers/Consumers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Satellite
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2.1.2 Launch Systems
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2.2 Application
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2.2.1 Military and Government
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2.2.2 Commercial
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2.3 Country
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2.3.1 United States
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2.3.2 Canada
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North America Satellite Manufacturing and Launch Systems Market Size FAQs
What is the current North America Satellite Manufacturing and Launch Systems Market size?
The North America Satellite Manufacturing and Launch Systems Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in North America Satellite Manufacturing and Launch Systems Market?
ArianeGroup, The Boeing Company, Thales Group, Space Exploration Technologies Corp. and Lockheed Martin Corporation are the major companies operating in the North America Satellite Manufacturing and Launch Systems Market.
