Satellite Manufacturing and Launch Systems Market - Growth, Trends, and Forecast (2020 - 2025)

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

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

3.5 %

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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, 2020-2025.

  • Over the years, the business of space exploration has changed substantially, with private corporations joining governments to create and launch 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 has been drastically reducing the cost of sending satellites into space, and the potential for mass production 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 2019

    Currently, the military and government segment has the highest revenue share in the market. Militaries across the world have been 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 it 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.

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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 2019. The United States allocates the highest amount of money for space budget, 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, have also been launching the satellites of other countries based in the United States. The highest growth in the market is expected to be from the Asia Pacific region, mainly due to the increasing space launches from China and India. India announced that the Indian Space Research Organisation’s (ISRO) arm of commercial operations, the Antrix Corporation, clocked in INR 62.98 billion in revenue from launching 239 satellites over the last three years, and the revenues have been continually growing. India launched its Chandrayaan 2 mission in July 2019, The GSLV Mk-III carried Chandrayaan 2 to its designated orbit. This three-stage vehicle is India's most potent launcher till date. Besides, China launched the highest number of rockets compared to any other country in 2018, surpassing the number of rocket launches of the United States. In the upcoming years, the country plans to launch the world’s biggest space telescope, the world’s most massive rocket, and a space station to rival the ISS. All these factors are expected to propel the growth of the region in the years to come.

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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 significant 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) have been prominent in the market. The satellite manufacturing and launch systems market experienced growth in orbital launch attempts in the past five years, globally, and the forecast period may become one of the best growth phases for manufacturers, as well as launch service providers. The demand for small satellites is also on the rise. This would be a key point of concentration for the satellite manufacturers to incorporate the necessary types of technologies in their product portfolio to gain the attention of customers.

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    Table Of Contents

    1. 1. INTRODUCTION

      1. 1.1 Study Assumptions

      2. 1.2 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 Vendor Market Share

      2. 6.2 Company Profiles

        1. 6.2.1 Northrop Grumman Corporation

        2. 6.2.2 ArianeGroup

        3. 6.2.3 Space Exploration Technologies Corp.

        4. 6.2.4 Blue Origin

        5. 6.2.5 Lockheed Martin Corporation

        6. 6.2.6 The Boeing Company

        7. 6.2.7 MITSUBISHI HEAVY INDUSTRIES LTD

        8. 6.2.8 Sierra Nevada Corporation

        9. 6.2.9 Thales Group

        10. 6.2.10 Space Systems/Loral LLC

        11. 6.2.11 Dynetics Inc.

        12. 6.2.12 SpaceQuest Ltd

    7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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