Market Size of Europe 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 | > 10.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Satellite Manufacturing & Launch Systems Market Analysis
The European satellite manufacturing and launch systems market is estimated to register a CAGR of more than 10% during the forecast period.
- Europe is one of the largest markets for satellites in the world. Cumulatively, the European region has the second-largest public space budget in the world with numerous active satellite R&D programs and manufacturing facilities spanning different European countries.
- The increasing budget toward R&D, especially in areas, like materials and satellite manufacturing technologies, are propelling the growth of the market in Europe.
- The presence of a large number of satellite manufacturers locally is helping the European customers to launch their satellites at relatively cheaper costs. In addition, several satellite end users in Europe also developed their own satellite manufacturing capabilities, allowing them to reduce the overall project costs.
- The growth in the demand for small satellites and the advent of reusable launch vehicles are some of the factors that are also propelling the industry in Europe.
