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 |
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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.
