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Satellite Manufacturing and Launch Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Satellite Manufacturing Companies and it is segmented by Type (Satellite and Launch Systems), Application (Military and Government and Commercial), and Geography (North America, Europe, Asia-Pacific, Latin America, and Rest of the World). The market size and forecast for all the above segments in value (USD billion).

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Satellite Manufacturing and Launch Market Size

Satellite Manufacturing and Launch Vehicle Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 249.57 Billion
svg icon Market Size (2029) USD 401.79 Billion
svg icon Largest Share by Orbit Class LEO
svg icon CAGR (2024 - 2029) 9.99 %
svg icon Largest Share by Region North America
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Satellite Manufacturing and Launch Market Analysis

The Satellite Manufacturing and Launch Vehicle Market size is estimated at USD 249.57 billion in 2024, and is expected to reach USD 401.79 billion by 2029, growing at a CAGR of 9.99% during the forecast period (2024-2029).

249.57 Billion

Market Size in 2024 (USD)

401.79 Billion

Market Size in 2029 (USD)

12.76 %

CAGR (2017-2023)

9.99 %

CAGR (2024-2029)

Largest Market by Satellite Mass

65.83 %

value share, 100-500kg, 2022

Icon image

Minisatellites with expanded capacity for enterprise data (retail and banking), oil, gas, and mining, and governments in developed countries pose high demand. The demand for minisatellites with a LEO is increasing due to their expanded capacity.

Largest Market by Application

78.56 %

value share, Communication, 2022

Icon image

Governments, space agencies, defense agencies, private defense contractors, and private space industry players are emphasizing the enhancement of the communication network capabilities for various public and military reconnaissance applications.

Largest Market by Orbit Class

72.09 %

value share, LEO, 2022

Icon image

LEO satellites are increasingly being adopted in modern communication technologies as they play an important role in Earth observation applications.

Largest Market by Propulsion Tech

74.77 %

value share, Gas based, 2022

The adoption of gas based propulsion systems registers a considerable growth rate because of it's cost-effectiveness and reliability. These propulsion systems are also easy for orbital maintenance, maneuvering and attitude control.

Leading Market Player

52.11 %

market share, Space Exploration Technologies Corp., 2022

Icon image

SpaceX is the leading player in the global satellite launch vehicle market and maintains its market share globally through its Starlink project. The company produces 120 satellites per month.

The LEO Satellites Segment Is Expected To Lead The Market

  • A satellite or a spacecraft is usually placed into one of many special orbits around the Earth, or it can be launched into an interplanetary journey based on its intended application. Out of the three orbit types, namely Low Earth Orbit (LEO), Geostationary Orbit (GEO), and Medium Earth Orbit (MEO), LEO appears to be the most widely chosen because of its close proximity to the Earth.
  • Many weather and communication satellites tend to have high Earth orbits, which are farthest from the surface. Satellites in medium Earth orbit include navigational and specialized satellites designed to monitor a specific area. Most science satellites, including NASA's Earth Observation System, are in low Earth orbit.
  • The different satellites manufactured and launched have different applications. During 2017-2022, of the 56 satellites launched in the MEO orbit, most were built for Navigation/Global Positioning purposes. Most of the 133 satellites in the GEO orbit were deployed for communication and Earth observation purposes. Over 4,025 LEO satellites manufactured and launched in the same period were owned by various countries across the globe.
  • The increasing use of satellites in areas such as electronic intelligence, Earth science/meteorology, laser imaging, optical imaging, and meteorology is expected to drive the demand for the development of satellites during the forecast period.
Global Satellite Manufacturing and Launch Vehicle Market

Growing demand for satellite services such as communications, navigation, and earth observation is aiding the market growth

  • The global satellite manufacturing and launch vehicles market is dynamic and rapidly evolving, which plays a critical role in modern society. The industry is driven by a range of factors, including the growing demand for satellite-based services as well as the increasing accessibility of space to both public and private entities. As a result, the industry has seen significant growth in recent years, with new players entering the market and established companies expanding their capabilities. Some of the leading satellite manufacturers include Airbus Defence and Space, Boeing, Lockheed Martin, and Thales Alenia Space.
  • Launch vehicles, which are used to carry satellites into orbit, are also a critical component of the industry. These vehicles range from small rockets designed to launch CubeSats to larger rockets capable of carrying multiple satellites into orbit at once. The leading launch vehicle companies include SpaceX, United Launch Alliance, Arianespace, and Roscosmos.
  • The industry is also seeing the emergence of new players, such as small satellite manufacturers and launch vehicle companies, that are leveraging innovative technologies and business models to disrupt the traditional space industry. For example, companies like Rocket Lab and Virgin Orbit use small launch vehicles to provide cost-effective access to space for small satellite operators.
  • Overall, the global satellite manufacturing and launch vehicles market is poised for continued growth and innovation as demand for satellite-based services continues to increase and the accessibility of space expands. This industry will continue to play a critical role in shaping the future of modern society, from communication and navigation to environmental monitoring and scientific research.

Global Satellite Manufacturing and Launch Vehicle Market Trends

Growing Demand and Competition in the Global Launch Vehicle Market

  • North America has been a pioneer in space exploration, with many successful space missions over the years. SpaceX is a leading aerospace company that manufactures and launches advanced reusable rockets and spacecraft. It is currently the leading provider of launch services in the region, with its launch vehicles including Falcon-9, Falcon Heavy, and Starship. During 2017-2022, SpaceX's rockets launched approximately 2,744 satellites into orbit.
  • In Europe, companies such as ArianeGroup are developing the Ariane Next rockets, which involves a reusable first stage for the Ariane rocket. Russia's Roscosmos is another key player in the industry, with a long history of developing and deploying launch vehicles. The company is responsible for the development of the Soyuz and Proton rockets, which have been used to launch a range of satellites into space. During 2017-2022, the Soyuz rocket launched approximately 611 satellites into space for various satellite operators globally.
  • In Asia-Pacific, CASC is responsible for the development and deployment of a range of launch vehicles, including the Long March series, which has become one of the most reliable launch vehicles in the world. During 2017-2022, CASC's Long March rocket launched approximately 372 satellites into space for various satellite operators globally. During 2017-2022, JAXA launched approximately 25 satellites into space for satellite operators globally using its H-IIA and H-IIB rockets. India's space program has also seen significant growth in recent years, with the ISRO playing a key role in the development of the country's launch vehicles. During 2017-2022, ISRO's rockets launched approximately 171 satellites into space for various satellite operators globally.
Global Satellite Manufacturing and Launch Vehicle Market

Increasing Investment Opportunities in the Global Satellite Manufacturing Market

  • In North America, government expenditure for space programs hit a record of approximately 103 billion in 2021. The region is the epicenter of space innovation and research, with the presence of the world's biggest space agency, NASA. In 2022, the US government spent nearly USD 62 billion on its space programs, making it the highest spender on space in the world. In terms of funds allocated for launch vehicle development, under the FY 2023 president's budget request summary from FY 2022 to FY 2027, NASA is expected to receive USD 13.8 billion.
  • In November 2022, ESA announced that it notified its 22 nations to back a budget of some EUR 18.5 billion for 2023-2025. Germany, France, and Italy are the major contributors. Developed at a cost of under USD 3.9 billion and set for an inaugural launch in July 2020, the project has been hit by a series of delays. In November 2022, the governments of France, Germany, and Italy announced that they signed an agreement on "the future of launcher exploitation in Europe" to enhance the competitiveness of European vehicles while ensuring independent European access to space.
  • In February 2023, the Indian government announced that ISRO was expected to receive USD 2 billion for various space-related activities while INR 9,441 crore was allocated for launch activity and R&D on rockets, engines, satellites, etc., under the outlay on major schemes. In March 2021, Japan announced that it had spent USD 4.14 billion on space-related activities. In March 2023, South Korea announced that approximately USD 113.6 million was allotted to develop a next-generation carrier rocket, the KSLV-2.
Global Satellite Manufacturing and Launch Vehicle Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Rising Demand for Satellite Miniaturization Globally
  • Small Satellites Poised to Create Demand in the Market

Satellite Manufacturing and Launch Industry Overview

The Satellite Manufacturing and Launch Vehicle Market is fairly consolidated, with the top five companies occupying 89.17%. The major players in this market are Airbus SE, China Aerospace Science and Technology Corporation (CASC), Lockheed Martin Corporation, Maxar Technologies Inc. and Space Exploration Technologies Corp. (sorted alphabetically).

Satellite Manufacturing and Launch Market Leaders

  1. Airbus SE

  2. China Aerospace Science and Technology Corporation (CASC)

  3. Lockheed Martin Corporation

  4. Maxar Technologies Inc.

  5. Space Exploration Technologies Corp.

Satellite Manufacturing and Launch Vehicle Market Concentration

Other important companies include Ariane Group, Indian Space Research Organisation (ISRO), Mitsubishi Heavy Industries, Northrop Grumman Corporation, Sierra Nevada Corporation, Thales, The Boeing Company, United Launch Alliance, LLC..

*Disclaimer: Major Players sorted in alphabetical order.

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Satellite Manufacturing and Launch Market News

  • January 2023: Airbus has signed a contract with the Belgian Ministry of Defense, the company announced last week. Airbus will provide tactical satellite communications services to the armed forces for a period of 15 years. Airbus plans to launch a new ultra-high frequency (UHF) communications service by 2024 for the armed forces of other European nations and NATO allies.
  • November 2022: EchoStar Corporation announced a revised agreement with Maxar Technologies to manufacture the EchoStar XXIV satellite, also known as JUPITER™ 3. The satellite, designed for EchoStar's Hughes Network Systems division, is being manufactured at Maxar's facility in Palo Alto, California.
  • November 2022: Maxar Technologies has acquired software development and artificial intelligence company Wovenware. This acquisition adds significantly to Maxar's Software Engineering and AI capabilities

Free with this Report

We offer a comprehensive set of global and local metrics that illustrate the fundamentals of the satellites industry. Clients can access in-depth market analysis of various satellites and launch vehicles through granular level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on satellite launches, satellite mass, application of satellites, spending on space programs, propulsion systems, end users, etc., are available in the form of comprehensive reports as well as excel based data worksheets.

Satellite Manufacturing and Launch Vehicle Market
Satellite Manufacturing and Launch Vehicle Market
Satellite Manufacturing and Launch Vehicle Market
Satellite Manufacturing and Launch Vehicle Market

Satellite Manufacturing and Launch Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Satellite Miniaturization

    2. 2.2. Satellite Mass

    3. 2.3. Owner Of Launch Vehicle

    4. 2.4. Spending On Space Programs

    5. 2.5. Regulatory Framework

      1. 2.5.1. Global

      2. 2.5.2. Australia

      3. 2.5.3. Brazil

      4. 2.5.4. Canada

      5. 2.5.5. China

      6. 2.5.6. France

      7. 2.5.7. Germany

      8. 2.5.8. India

      9. 2.5.9. Iran

      10. 2.5.10. Japan

      11. 2.5.11. New Zealand

      12. 2.5.12. Russia

      13. 2.5.13. Singapore

      14. 2.5.14. South Korea

      15. 2.5.15. United Arab Emirates

      16. 2.5.16. United Kingdom

      17. 2.5.17. United States

    6. 2.6. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. Application

      1. 3.1.1. Communication

      2. 3.1.2. Earth Observation

      3. 3.1.3. Navigation

      4. 3.1.4. Space Observation

      5. 3.1.5. Others

    2. 3.2. Satellite Mass

      1. 3.2.1. 10-100kg

      2. 3.2.2. 100-500kg

      3. 3.2.3. 500-1000kg

      4. 3.2.4. Below 10 Kg

      5. 3.2.5. above 1000kg

    3. 3.3. Orbit Class

      1. 3.3.1. GEO

      2. 3.3.2. LEO

      3. 3.3.3. MEO

    4. 3.4. Launch Vehicle Mtow

      1. 3.4.1. Heavy

      2. 3.4.2. Light

      3. 3.4.3. Medium

    5. 3.5. End User

      1. 3.5.1. Commercial

      2. 3.5.2. Military & Government

      3. 3.5.3. Other

    6. 3.6. Satellite Subsystem

      1. 3.6.1. Propulsion Hardware and Propellant

      2. 3.6.2. Satellite Bus & Subsystems

      3. 3.6.3. Solar Array & Power Hardware

      4. 3.6.4. Structures, Harness & Mechanisms

    7. 3.7. Propulsion Tech

      1. 3.7.1. Electric

      2. 3.7.2. Gas based

      3. 3.7.3. Liquid Fuel

    8. 3.8. Region

      1. 3.8.1. Asia-Pacific

        1. 3.8.1.1. By Country

          1. 3.8.1.1.1. Australia

          2. 3.8.1.1.2. China

          3. 3.8.1.1.3. India

          4. 3.8.1.1.4. Japan

          5. 3.8.1.1.5. New Zealand

          6. 3.8.1.1.6. Singapore

          7. 3.8.1.1.7. South Korea

      2. 3.8.2. Europe

        1. 3.8.2.1. By Country

          1. 3.8.2.1.1. France

          2. 3.8.2.1.2. Germany

          3. 3.8.2.1.3. Russia

          4. 3.8.2.1.4. United Kingdom

      3. 3.8.3. North America

        1. 3.8.3.1. By Country

          1. 3.8.3.1.1. Canada

          2. 3.8.3.1.2. United States

      4. 3.8.4. Rest of World

        1. 3.8.4.1. By Country

          1. 3.8.4.1.1. Brazil

          2. 3.8.4.1.2. Iran

          3. 3.8.4.1.3. Saudi Arabia

          4. 3.8.4.1.4. United Arab Emirates

          5. 3.8.4.1.5. Rest of World

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. Airbus SE

      2. 4.4.2. Ariane Group

      3. 4.4.3. China Aerospace Science and Technology Corporation (CASC)

      4. 4.4.4. Indian Space Research Organisation (ISRO)

      5. 4.4.5. Lockheed Martin Corporation

      6. 4.4.6. Maxar Technologies Inc.

      7. 4.4.7. Mitsubishi Heavy Industries

      8. 4.4.8. Northrop Grumman Corporation

      9. 4.4.9. Sierra Nevada Corporation

      10. 4.4.10. Space Exploration Technologies Corp.

      11. 4.4.11. Thales

      12. 4.4.12. The Boeing Company

      13. 4.4.13. United Launch Alliance, LLC.

  7. 5. KEY STRATEGIC QUESTIONS FOR SATELLITE CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter's Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, ALL, SATELLITE MINIATURIZATION, NUMBER OF MINIATURE SATELLITES LAUNCHED (BELOW 10KG), 2017 - 2022
  1. Figure 2:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, ALL, SATELLITE MASS, NUMBER OF SATELLITES LAUNCHED (ABOVE 10 KG), 2017 - 2022
  1. Figure 3:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, ALL, OWNER OF LAUNCH VEHICLE, NUMBER OF LAUNCH VEHICLES USED, 2017 - 2022
  1. Figure 4:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, ALL, SPENDING ON SPACE PROGRAMS, USD, 2017 - 2022
  1. Figure 5:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, VALUE, USD, 2017 - 2029
  1. Figure 6:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY APPLICATION, VALUE, USD, 2017 - 2029
  1. Figure 7:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY APPLICATION, VALUE, %, 2017 VS 2023 VS 2029
  1. Figure 8:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY COMMUNICATION, VALUE, USD, 2017 - 2029
  1. Figure 9:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY EARTH OBSERVATION, VALUE, USD, 2017 - 2029
  1. Figure 10:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY NAVIGATION, VALUE, USD, 2017 - 2029
  1. Figure 11:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY SPACE OBSERVATION, VALUE, USD, 2017 - 2029
  1. Figure 12:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY OTHERS, VALUE, USD, 2017 - 2029
  1. Figure 13:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY SATELLITE MASS, VALUE, USD, 2017 - 2029
  1. Figure 14:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY SATELLITE MASS, VALUE, %, 2017 VS 2023 VS 2029
  1. Figure 15:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY 10-100KG, VALUE, USD, 2017 - 2029
  1. Figure 16:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY 100-500KG, VALUE, USD, 2017 - 2029
  1. Figure 17:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY 500-1000KG, VALUE, USD, 2017 - 2029
  1. Figure 18:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY BELOW 10 KG, VALUE, USD, 2017 - 2029
  1. Figure 19:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY ABOVE 1000KG, VALUE, USD, 2017 - 2029
  1. Figure 20:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY ORBIT CLASS, VALUE, USD, 2017 - 2029
  1. Figure 21:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY ORBIT CLASS, VALUE, %, 2017 VS 2023 VS 2029
  1. Figure 22:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY ELIPTICAL, VALUE, USD, 2017 - 2029
  1. Figure 23:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY GEO, VALUE, USD, 2017 - 2029
  1. Figure 24:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY LEO, VALUE, USD, 2017 - 2029
  1. Figure 25:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY MEO, VALUE, USD, 2017 - 2029
  1. Figure 26:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY LAUNCH VEHICLE MTOW, VALUE, USD, 2017 - 2029
  1. Figure 27:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY LAUNCH VEHICLE MTOW, VALUE, %, 2017 VS 2023 VS 2029
  1. Figure 28:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY HEAVY, VALUE, USD, 2017 - 2029
  1. Figure 29:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY INTER PLANETARY, VALUE, USD, 2017 - 2029
  1. Figure 30:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY LIGHT, VALUE, USD, 2017 - 2029
  1. Figure 31:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY MEDIUM, VALUE, USD, 2017 - 2029
  1. Figure 32:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY END USER, VALUE, USD, 2017 - 2029
  1. Figure 33:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY END USER, VALUE, %, 2017 VS 2023 VS 2029
  1. Figure 34:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY COMMERCIAL, VALUE, USD, 2017 - 2029
  1. Figure 35:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY MILITARY & GOVERNMENT, VALUE, USD, 2017 - 2029
  1. Figure 36:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY OTHER, VALUE, USD, 2017 - 2029
  1. Figure 37:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY SATELLITE SUBSYSTEM, VALUE, USD, 2017 - 2029
  1. Figure 38:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY SATELLITE SUBSYSTEM, VALUE, %, 2017 VS 2023 VS 2029
  1. Figure 39:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY PROPULSION HARDWARE AND PROPELLANT, VALUE, USD, 2017 - 2029
  1. Figure 40:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY SATELLITE BUS & SUBSYSTEMS, VALUE, USD, 2017 - 2029
  1. Figure 41:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY SOLAR ARRAY & POWER HARDWARE, VALUE, USD, 2017 - 2029
  1. Figure 42:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY STRUCTURES, HARNESS & MECHANISMS, VALUE, USD, 2017 - 2029
  1. Figure 43:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY PROPULSION TECH, VALUE, USD, 2017 - 2029
  1. Figure 44:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY PROPULSION TECH, VALUE, %, 2017 VS 2023 VS 2029
  1. Figure 45:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY ELECTRIC, VALUE, USD, 2017 - 2029
  1. Figure 46:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY GAS BASED, VALUE, USD, 2017 - 2029
  1. Figure 47:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY LIQUID FUEL, VALUE, USD, 2017 - 2029
  1. Figure 48:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY REGION, VALUE, USD, 2017 - 2029
  1. Figure 49:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY REGION, VALUE, %, 2017 VS 2023 VS 2029
  1. Figure 50:  
  2. ASIA-PACIFIC SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
  1. Figure 51:  
  2. ASIA-PACIFIC SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY COUNTRY, VALUE, %, 2017 VS 2023 VS 2029
  1. Figure 52:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY AUSTRALIA, VALUE, USD, 2017 - 2029
  1. Figure 53:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY AUSTRALIA, VALUE, %, 2017 VS 2022
  1. Figure 54:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY CHINA, VALUE, USD, 2017 - 2029
  1. Figure 55:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY CHINA, VALUE, %, 2017 VS 2022
  1. Figure 56:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY INDIA, VALUE, USD, 2017 - 2029
  1. Figure 57:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY INDIA, VALUE, %, 2017 VS 2022
  1. Figure 58:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY JAPAN, VALUE, USD, 2017 - 2029
  1. Figure 59:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY JAPAN, VALUE, %, 2017 VS 2022
  1. Figure 60:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY NEW ZEALAND, VALUE, USD, 2017 - 2029
  1. Figure 61:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY NEW ZEALAND, VALUE, %, 2017 VS 2022
  1. Figure 62:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY SINGAPORE, VALUE, USD, 2017 - 2029
  1. Figure 63:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY SINGAPORE, VALUE, %, 2017 VS 2022
  1. Figure 64:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY SOUTH KOREA, VALUE, USD, 2017 - 2029
  1. Figure 65:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY SOUTH KOREA, VALUE, %, 2017 VS 2022
  1. Figure 66:  
  2. EUROPE SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
  1. Figure 67:  
  2. EUROPE SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY COUNTRY, VALUE, %, 2017 VS 2023 VS 2029
  1. Figure 68:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY FRANCE, VALUE, USD, 2017 - 2029
  1. Figure 69:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY FRANCE, VALUE, %, 2017 VS 2022
  1. Figure 70:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY GERMANY, VALUE, USD, 2017 - 2029
  1. Figure 71:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY GERMANY, VALUE, %, 2017 VS 2022
  1. Figure 72:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY RUSSIA, VALUE, USD, 2017 - 2029
  1. Figure 73:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY RUSSIA, VALUE, %, 2017 VS 2022
  1. Figure 74:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY UNITED KINGDOM, VALUE, USD, 2017 - 2029
  1. Figure 75:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY UNITED KINGDOM, VALUE, %, 2017 VS 2022
  1. Figure 76:  
  2. NORTH AMERICA SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
  1. Figure 77:  
  2. NORTH AMERICA SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY COUNTRY, VALUE, %, 2017 VS 2023 VS 2029
  1. Figure 78:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY CANADA, VALUE, USD, 2017 - 2029
  1. Figure 79:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY CANADA, VALUE, %, 2017 VS 2022
  1. Figure 80:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY UNITED STATES, VALUE, USD, 2017 - 2029
  1. Figure 81:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY UNITED STATES, VALUE, %, 2017 VS 2022
  1. Figure 82:  
  2. REST OF WORLD SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
  1. Figure 83:  
  2. REST OF WORLD SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY COUNTRY, VALUE, %, 2017 VS 2023 VS 2029
  1. Figure 84:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY BRAZIL, VALUE, USD, 2017 - 2029
  1. Figure 85:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY BRAZIL, VALUE, %, 2017 VS 2022
  1. Figure 86:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY IRAN, VALUE, USD, 2017 - 2029
  1. Figure 87:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY IRAN, VALUE, %, 2017 VS 2022
  1. Figure 88:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY SAUDI ARABIA, VALUE, USD, 2017 - 2029
  1. Figure 89:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY SAUDI ARABIA, VALUE, %, 2017 VS 2022
  1. Figure 90:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY UNITED ARAB EMIRATES, VALUE, USD, 2017 - 2029
  1. Figure 91:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY UNITED ARAB EMIRATES, VALUE, %, 2017 VS 2022
  1. Figure 92:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY REST OF WORLD, VALUE, USD, 2017 - 2029
  1. Figure 93:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, BY REST OF WORLD, VALUE, %, 2017 VS 2022
  1. Figure 94:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2029
  1. Figure 95:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET, MOST ADOPTED STRATEGIES, 2017 - 2029
  1. Figure 96:  
  2. GLOBAL SATELLITE MANUFACTURING AND LAUNCH VEHICLE MARKET SHARE(%), BY MAJOR PLAYERS, 2022

Satellite Manufacturing and Launch Vehicle Industry Segmentation

Communication, Earth Observation, Navigation, Space Observation, Others are covered as segments by Application. 10-100kg, 100-500kg, 500-1000kg, Below 10 Kg, above 1000kg are covered as segments by Satellite Mass. GEO, LEO, MEO are covered as segments by Orbit Class. Heavy, Light, Medium are covered as segments by Launch Vehicle Mtow. Commercial, Military & Government are covered as segments by End User. Propulsion Hardware and Propellant, Satellite Bus & Subsystems, Solar Array & Power Hardware, Structures, Harness & Mechanisms are covered as segments by Satellite Subsystem. Electric, Gas based, Liquid Fuel are covered as segments by Propulsion Tech. Asia-Pacific, Europe, North America are covered as segments by Region.

  • A satellite or a spacecraft is usually placed into one of many special orbits around the Earth, or it can be launched into an interplanetary journey based on its intended application. Out of the three orbit types, namely Low Earth Orbit (LEO), Geostationary Orbit (GEO), and Medium Earth Orbit (MEO), LEO appears to be the most widely chosen because of its close proximity to the Earth.
  • Many weather and communication satellites tend to have high Earth orbits, which are farthest from the surface. Satellites in medium Earth orbit include navigational and specialized satellites designed to monitor a specific area. Most science satellites, including NASA's Earth Observation System, are in low Earth orbit.
  • The different satellites manufactured and launched have different applications. During 2017-2022, of the 56 satellites launched in the MEO orbit, most were built for Navigation/Global Positioning purposes. Most of the 133 satellites in the GEO orbit were deployed for communication and Earth observation purposes. Over 4,025 LEO satellites manufactured and launched in the same period were owned by various countries across the globe.
  • The increasing use of satellites in areas such as electronic intelligence, Earth science/meteorology, laser imaging, optical imaging, and meteorology is expected to drive the demand for the development of satellites during the forecast period.
Application
Communication
Earth Observation
Navigation
Space Observation
Others
Satellite Mass
10-100kg
100-500kg
500-1000kg
Below 10 Kg
above 1000kg
Orbit Class
GEO
LEO
MEO
Launch Vehicle Mtow
Heavy
Light
Medium
End User
Commercial
Military & Government
Other
Satellite Subsystem
Propulsion Hardware and Propellant
Satellite Bus & Subsystems
Solar Array & Power Hardware
Structures, Harness & Mechanisms
Propulsion Tech
Electric
Gas based
Liquid Fuel
Region
Asia-Pacific
By Country
Australia
China
India
Japan
New Zealand
Singapore
South Korea
Europe
By Country
France
Germany
Russia
United Kingdom
North America
By Country
Canada
United States
Rest of World
By Country
Brazil
Iran
Saudi Arabia
United Arab Emirates
Rest of World
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Market Definition

  • Application - Various applications or purposes of the satellites are classified into communication, earth observation, space observation, navigation, and others. The purposes listed are those self-reported by the satellite’s operator.
  • End User - The primary users or end users of the satellite is described as civil (academic, amateur), commercial, government (meteorological, scientific, etc.), military. Satellites can be multi-use, for both commercial and military applications.
  • Launch Vehicle MTOW - The launch vehicle MTOW (maximum take-off weight) means the maximum weight of the launch vehicle during take-off, including the weight of payload, equipment and fuel.
  • Orbit Class - The satellite orbits are divided into three broad classes namely GEO, LEO, and MEO. Satellites in elliptical orbits have apogees and perigees that differ significantly from each other and categorized satellite orbits with eccentricity 0.14 and higher as elliptical.
  • Propulsion tech - Under this segment, different types of satellite propulsion systems have been classified as electric, liquid-fuel and gas-based propulsion systems.
  • Satellite Mass - Under this segment, different types of satellite propulsion systems have been classified as electric, liquid-fuel and gas-based propulsion systems.
  • Satellite Subsystem - All the components and subsystems which includes propellants, buses, solar panels, other hardware of satellites are included under this segment.
Keyword Definition
Attitude Control The orientation of the satellite relative to the Earth and the sun.
INTELSAT The International Telecommunications Satellite Organization operates a network of satellites for international transmission.
Geostationary Earth Orbit (GEO) Geostationary satellites in Earth orbit 35,786 km (22,282 mi) above the equator in the same direction and at the same speed as the earth rotates on its axis, making them appear fixed in the sky.
Low Earth Orbit (LEO) Low Earth Orbit satellites orbit from 160-2000km above the earth, take approximately 1.5 hours for a full orbit and only cover a portion of the earth’s surface.
Medium Earth Orbit (MEO) MEO satellites are located above LEO and below GEO satellites and typically travel in an elliptical orbit over the North and South Pole or in an equatorial orbit.
Very Small Aperture Terminal (VSAT) Very Small Aperture Terminal is an antenna that is typically less than 3 meters in diameter
CubeSat CubeSat is a class of miniature satellites based on a form factor consisting of 10 cm cubes. CubeSats weigh no more than 2 kg per unit and typically use commercially available components for their construction and electronics. 
Small Satellite Launch Vehicles (SSLVs) Small Satellite Launch Vehicle (SSLV) is a three-stage Launch Vehicle configured with three Solid Propulsion Stages and a liquid propulsion-based Velocity Trimming Module (VTM) as a terminal stage
Space Mining Asteroid mining is the hypothesis of extracting material from asteroids and other asteroids, including near-Earth objects.
Nano Satellites Nanosatellites are loosely defined as any satellite weighing less than 10 kilograms.
Automatic Identification System (AIS) Automatic identification system (AIS) is an automatic tracking system used to identify and locate ships by exchanging electronic data with other nearby ships, AIS base stations, and satellites. Satellite AIS (S-AIS) is the term used to describe when a satellite is used to detect AIS signatures.
Reusable launch vehicles (RLVs) Reusable launch vehicle (RLV) means a launch vehicle that is designed to return to Earth substantially intact and therefore may be launched more than one time or that contains vehicle stages that may be recovered by a launch operator for future use in the operation of a substantially similar launch vehicle.
Apogee The point in an elliptical satellite orbit which is farthest from the surface of the earth. Geosynchronous satellites which maintain circular orbits around the earth are first launched into highly elliptical orbits with apogees of 22,237 miles.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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Satellite Manufacturing and Launch Market Research FAQs

The Satellite Manufacturing and Launch Vehicle Market size is expected to reach USD 249.57 billion in 2024 and grow at a CAGR of 9.99% to reach USD 401.79 billion by 2029.

In 2024, the Satellite Manufacturing and Launch Vehicle Market size is expected to reach USD 249.57 billion.

Airbus SE, China Aerospace Science and Technology Corporation (CASC), Lockheed Martin Corporation, Maxar Technologies Inc. and Space Exploration Technologies Corp. are the major companies operating in the Satellite Manufacturing and Launch Vehicle Market.

In the Satellite Manufacturing and Launch Vehicle Market, the LEO segment accounts for the largest share by orbit class.

In 2024, North America accounts for the largest share by region in the Satellite Manufacturing and Launch Vehicle Market.

In 2023, the Satellite Manufacturing and Launch Vehicle Market size was estimated at USD 221.94 billion. The report covers the Satellite Manufacturing and Launch Vehicle Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Satellite Manufacturing and Launch Vehicle Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Satellite Manufacturing and Launch Industry Report

Statistics for the 2024 Satellite Manufacturing and Launch market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Satellite Manufacturing and Launch analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Satellite Manufacturing and Launch Market Report Snapshots

Satellite Manufacturing and Launch Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)