The global satellite manufacturing and launch system market size is expected to reach USD 25.15 billion in 2019, exhibiting a CAGR of 11.12% during the forecast period, states Fortune Business Insights, in a report, titled “Satellite Manufacturing and Launch System Market Size, Share & Industry Analysis, By Type (Satellite Manufacturing and Satellite Launch Systems), By Application (Communication Satellite, Military Surveillance, Navigation Satellite, Earth Observation Satellite, and Others), By End Use (Commercial and Military), and Regional Forecast, 2020-2032.” The market size stood at USD 89.17 billion in 2020. to USD 89.17 billion in 2032.

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Informational Source:

https://www.fortunebusinessinsights.com/satellite-manufacturing-and-launch-systems-market-103549

𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐬𝐭𝐬 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐚𝐧𝐝 𝐋𝐚𝐮𝐧𝐜𝐡 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭:

• Airbus S.A.S (The Netherlands)
• Arianespace (France)
• Boeing (The U.S.)
• GeoOptics (Canada)
• ISISPACE GROUP (The Netherlands)
• JSC Academician M.F. Reshetnev (Russia)
• Lockheed Martin Corporation (The U.S.)
• Maxar Technologies (The U.S.)
• SpaceX (The U.S.)
• ViaSat Inc. (The U.S.)

𝐓𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐬𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐚𝐧𝐝 𝐥𝐚𝐮𝐧𝐜𝐡 𝐬𝐲𝐬𝐭𝐞𝐦 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐬:

• Remarkable insights into the market
• Meticulous scrutiny of the segments
• Latest developments and drivers
• Vital information about key players
• Dominant regions
• Notable Development

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

𝐇𝐞𝐚𝐯𝐲 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐒𝐩𝐚𝐜𝐞 𝐌𝐢𝐬𝐬𝐢𝐨𝐧𝐬 𝐭𝐨 𝐁𝐨𝐥𝐬𝐭𝐞𝐫 𝐆𝐫𝐨𝐰𝐭𝐡

The surging investment by government and space agencies in developing technologically advanced satellite launch vehicles is expected to foster healthy growth of the satellite manufacturing and launch system industry. According to the Department of Defense (DOD), the USD 14.1 billion was requested for National Security Space (NSS) in 2020 compared to the USD 12.3 billion in 2019. Out of the total amount, USD 8.4 billion, USD 2.6 billion, and USD 3.0 billion are allocated for the research, development, test, evaluation (RDT&E), procurement, and operation & maintenance. Furthermore, the increasing collaboration and agreement between space companies and government organizations to develop innovative SLVs will foster the satellite manufacturing and launch system market growth. For instance, SpaceX collaborated with NASA to design and develop reusable satellite launch vehicles to minimize the overall program cost and space debris around the earth's orbit. Similarly, Europe Space Agency (ESA) increased its focus on Ariane 6, an expendable launch system, thus boosting the satellite manufacturing and launch system production.

𝐒𝐮𝐬𝐩𝐞𝐧𝐝𝐞𝐝 𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐋𝐚𝐮𝐧𝐜𝐡𝐞𝐬 𝐭𝐨 𝐈𝐧𝐡𝐢𝐛𝐢𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐝𝐮𝐫𝐢𝐧𝐠 𝐂𝐨𝐫𝐨𝐧𝐚𝐯𝐢𝐫𝐮𝐬

The lockdown in major countries such as the U.S., France, Germany, China, India, and Japan severely impacted the space industry, suspending all space-related activities. Major companies such as Space X, United Launch Alliance (ULA), Rockets Labs, and Blue Origin have reformed their production structure for launch vehicles and satellites. According to the U.S. Department of Commerce, around 92% of space-based firms with research and development as a primary business capability were small businesses. These firms experienced a major hit from the pandemic. Moreover, prominent companies' implementation of various strategies to sustain recovery can subsequently elevate the satellite manufacturing and launch system market amid pandemic.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐑𝐞𝐮𝐬𝐚𝐛𝐥𝐞 𝐋𝐚𝐮𝐧𝐜𝐡 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐭𝐨 𝐏𝐫𝐨𝐦𝐨𝐭𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚

The satellite manufacturing and launch system market in North America is expected to exhibit a rapid growth rate during the forecast period due to the high investments by the U.S. government and space agencies in manufacturing reusable launch systems. For instance, in September 2019, NASA awarded a contract worth USD 4,600 million to Lockheed Martin Corporation to supply six reusable Orion crew capsules integrated with lightweight 3D printed modules. Asia Pacific is expected to hold the largest share during the forecast period. The growth is attributed to growing satellite launch infrastructure and satellite launch programs from China, India, and Australia. For instance, in November 2020, the Indian Space Research Organization (ISRO) successfully launched 10 satellites consisting of earth observation satellites and payload

 𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:

𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝟐𝟎𝟐𝟎: The Boeing Company was granted a contract worth USD 298 million by the U.S. Space Force for next-generation SATCOM satellites. Under this contract, The Boeing Company is expected to design and develop an intricate military satellite and payload architecture system.