Satellite Manufacturing and Launch Systems Market - Growth, Trends, and Forecast (2019 - 2024)

The Satellite Manufacturing and Launch Systems Market is segmented by Type (Satellite, Launch Systems), Application (Military and Government, Commercial), and Geography.

Market Snapshot

Satellite Manufacturing and Launch Systems Market Overview
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The satellite manufacturing and launch systems market is poised to register a CAGR of more than 3.5%, during the forecast period 2019 - 2024.

  • Over the years, the business of space exploration has changed substantially, with private corporations joining governments in creating and launching rockets and satellites. The increasing investment in the space sector from private investors is expected to drive the market in the years to come.
  • The recent advent of reusable rockets is drastically cutting the cost of sending satellites into space, and the potential for mass production of satellites could slash those costs further, in the years to come.

Scope of the Report

The report includes the following aspects:

Type
Satellite
Launch Systems
Application
Military and Government
Commercial
Geography
North America
United States
Canada
Europe
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World

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Key Market Trends

The Military and Government Segment Recorded the Highest Market Share in 2018

Currently, the military and government segment has the highest revenue share in the market. Militaries across the world are strengthening their C4ISR systems that essentially need secure and robust communication channels, accessible from anywhere by the defense forces. The C4ISR system market is slated to grow, given the increasing demands for better security, control, and coordination. These factors are expected to enhance the need for military communication and ISR satellites during the forecast period. However, growth is projected to be higher in the commercial segment, due to the rising number of small satellite launches by private firms. The smallsat market has quickly expanded over the past five years, and is expected to experience a sustained expansion in the future. This trend is expected to give a significant boost to the commercial segment in the years to come.
Satellite Manufacturing and Launch Systems Market Segmentation

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The Market in Asia-Pacific is Expected to Grow with the Highest CAGR during the Forecast Period.

By Geography, North America registered the highest market share in 2018. The United States allocates the highest amount of money for space budget, when compared to any other country in the world. NASA's budget for fiscal year (FY) 2019 was USD 21.5 billion, which is the highest by any country for its space mission. Launch providers, like SpaceX, which are based in the United States, are also launching the satellites of other countries. However, the market in the Asia-Pacific region is projected to grow during the forecast period, as the markets in countries, like China and India, are progressing with many developments. China launched the highest number of rockets compared to any other countries in 2018, surpassing the number of rocket launches of the United States. India's ISRO is also taking huge leaps in the space launch technologies off-late. All these factors are expected to propel the growth of the region in the years to come.

Satellite Manufacturing and Launch Systems Market Geography

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Competitive Landscape

Northrop Grumman Corporation, ArianeGroup, Space Exploration Technologies Corp., Blue Origin, and  Lockheed Martin Corporation are some of the prominent players in the market. The market is fragmented with many players venturing into the manufacturing of satellites and launch systems and sub-systems. Joint ventures between the major aerospace and defense players, like the Ariane group (a venture between Airbus and Safran), Thales Alenia Space (a Thales/Leonardo company), and United Launch Alliance (a joint venture of the companies Boeing and Lockheed Martin Corporation) are prominent in the market. The satellite manufacturing and launch systems market experienced growth in orbital launch attempts in the past 5 years, globally, and the forecast period might become one of the best growth phases for manufacturers, as well as launch service providers. The demand for small satellites are also on the rise, and this would be a key point of concentration for the satellite manufacturers to incorporate the necessary types of technologies in their product portfolio, so as to gain the attention of customers.
 

Major Players

  1. Northrop Grumman Corporation
  2. ArianeGroup
  3. Space Exploration Technologies Corp.
  4. Blue Origin
  5. Lockheed Martin Corporation

* Complete list of players covered available in the table of contents below

Satellite Manufacturing and Launch Systems Market cl

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Satellite

      2. 5.1.2 Launch Systems

    2. 5.2 Application

      1. 5.2.1 Military and Government

      2. 5.2.2 Commercial

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 France

        3. 5.3.2.3 Russia

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Vendor Market Share

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Northrop Grumman Corporation

      2. 6.4.2 ArianeGroup

      3. 6.4.3 Space Exploration Technologies Corp.

      4. 6.4.4 Blue Origin

      5. 6.4.5 Lockheed Martin Corporation

      6. 6.4.6 The Boeing Company

      7. 6.4.7 Mitsubishi Heavy Industries

      8. 6.4.8 Sierra Nevada Corporation

      9. 6.4.9 Thales Alenia Space

      10. 6.4.10 Space Systems/Loral LLC

      11. 6.4.11 Dynetics

      12. 6.4.12 SpaceQuest*

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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