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Satellite Manufacturing Market Trends and Forecast

The future of the global satellite manufacturing market looks promising with opportunities in the communication, earth observation, navigation, and space observation applications. The global satellite manufacturing market is expected to reach an estimated $18.2 billion by 2028 with a CAGR of 5.8% from 2023 to 2028. The major drivers for this market are growing percentage of programs for space exploration, rising number of satellite-based geostationary and telemetry, and growing need for satellite mission equipment to collect space-related information.
Satellite Manufacturing Market by Satellite Type, and Application

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown here.
Satellite Manufacturing Market by Segments

Satellite Manufacturing Market by Segment

The study includes trends and forecast for the global satellite manufacturing market by satellite type, application, and region.
 

Satellite Manufacturing Market by Satellite Type [Shipment Analysis by Value from 2017 to 2028]:

• LEO (Low Earth Orbit)
• MEO (Medium Earth Orbit)
• GEO (Geostationary Earth Orbit)
• Others

Satellite Manufacturing Market by Application [Shipment Analysis by Value from 2017 to 2028]:

• Communication
• Earth Observation
• Navigation
• Space Observation
• Others

Satellite Manufacturing Market by Region [Shipment Analysis by Value from 2017 to 2028]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Satellite Manufacturing Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, satellite manufacturing companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the satellite manufacturing companies profiled in this report include-
• Airbus
• Arianespace
• Ball Corporation
• Geooptics
• L3Harris Technologies
• Lockheed Martin
• Maxar Technologies

Satellite Manufacturing Market Insights

  • Lucintel forecasts that LEO is expected to witness the highest growth over the forecast period due to increasing need for satellites in low-earth orbit (LEO) to keep an eye on the space station and help it carry out space research activities.
  • Communication will remain the largest segment due to the enormous demand for satellites to provide global connectivity services effortlessly.
  • North America will remain the largest region due to the existence of significant space research centers, like NASA; escalating need for advanced satellite services in the civil, defense, and space industries; and the presence of key players in the region.

Features of the Global Satellite Manufacturing Market

  • Market Size Estimates: Satellite manufacturing market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2017 to 2022) and forecast (2023 to 2028) by various segments and regions.
  • Segmentation Analysis: Satellite manufacturing market size by various segments, such as by satellite type, application, and region in terms of value ($B).
  • Regional Analysis: Satellite manufacturing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different satellite type, application, and regions for the satellite manufacturing market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the Satellite Manufacturing Market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model. 

FAQ

Q.1 What is the satellite manufacturing market size?
Answer: The global satellite manufacturing market is expected to reach an estimated $18.2 billion by 2028.
Q.2 What is the growth forecast for satellite manufacturing market?
Answer: The global satellite manufacturing market is expected to grow with a CAGR of 5.8% from 2023 to 2028
Q.3 What are the major drivers influencing the growth of the satellite manufacturing market?
Answer: The major drivers for this market are growing percentage of programs for space exploration, rising number of satellite-based geostationary and telemetry, and growing need for satellite mission equipment to collect space-related information.
Q4. What are the major segments for satellite manufacturing market?
Answer: The future of the satellite manufacturing market looks promising with opportunities in the communication, earth observation, navigation, and space observation applications.
Q5. Who are the key satellite manufacturing companies?
Answer: Some of the key satellite manufacturing companies are as follows:
• Airbus
• Arianespace
• Ball Corporation
• Geooptics
• L3Harris Technologies
• Lockheed Martin
• Maxar Technologies
Q6. Which satellite manufacturing market segment will be the largest in future?
Answer: Lucintel forecasts that LEO is expected to witness the highest growth over the forecast period due to increasing need for satellites in low-earth orbit (LEO) to keep an eye on the space station and help it carry out space research activities.
Q7. In satellite manufacturing market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the existence of significant space research centers like NASA; escalating need for advanced satellite services in the civil, defense, and space industries; and the presence of key players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the global satellite manufacturing market by satellite type (LEO, MEO, GEO, and others), application (communication, earth observation, navigation, space observation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
 
For any questions related to satellite manufacturing market or related to satellite manufacturing companies, satellite manufacturing market size, satellite manufacturing market share, satellite manufacturing market growth, satellite manufacturing market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Global Satellite Manufacturing Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges 
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Satellite Manufacturing Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Satellite Manufacturing Market by Satellite Type
3.3.1: LEO 
3.3.2: MEO 
3.3.3: GEO 
3.3.4: Others 
3.4: Global Satellite Manufacturing Market by Application
3.4.1: Communication 
3.4.2: Earth Observation 
3.4.3: Navigation 
3.4.4: Space Observation 
3.4.5: Others 
 
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Global Satellite Manufacturing Market by Region
4.2: North American Satellite Manufacturing Market
4.2.1: North American Satellite Manufacturing Market by Satellite Type: LEO, MEO, GEO, and Others
4.2.2: North American Satellite Manufacturing Market by Application: Communication, Earth Observation, Navigation, Space Observation, and Others
4.3: European Satellite Manufacturing Market 
4.3.1: European Satellite Manufacturing Market by Satellite Type: LEO, MEO, GEO, and Others
4.3.2: European Satellite Manufacturing Market by Application: Communication, Earth Observation, Navigation, Space Observation, and Others
4.4: APAC Satellite Manufacturing Market 
4.4.1: APAC Satellite Manufacturing Market by Satellite Type: LEO, MEO, GEO, and Others
4.4.2: APAC Satellite Manufacturing Market by Application: Communication, Earth Observation, Navigation, Space Observation, and Others
4.5: ROW Satellite Manufacturing Market 
4.5.1: ROW Satellite Manufacturing Market by Satellite Type: LEO, MEO, GEO, and Others
4.5.2: ROW Satellite Manufacturing Market by Application: Communication, Earth Observation, Navigation, Space Observation, and Others
 
5. Competitor Analysis 
5.1: Product Portfolio Analysis 
5.2: Operational Integration 
5.3: Porter’s Five Forces Analysis 
 
6. Growth Opportunities and Strategic Analysis 
6.1: Growth Opportunity Analysis 
6.1.1: Growth Opportunities for the Global Satellite Manufacturing Market by Satellite Type
6.1.2: Growth Opportunities for the Global Satellite Manufacturing Market by Application
6.1.3: Growth Opportunities for the Global Satellite Manufacturing Market by Region
6.2: Emerging Trends in the Global Satellite Manufacturing Market 
6.3: Strategic Analysis 
6.3.1: New Product Development 
6.3.2: Capacity Expansion of the Global Satellite Manufacturing Market 
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Satellite Manufacturing Market 
6.3.4: Certification and Licensing 
 
7. Company Profiles of Leading Players 
7.1: Airbus 
7.2: Arianespace 
7.3: Ball Corporation 
7.4: Geooptics 
7.5: L3Harris Technologies 
7.6: Lockheed Martin 
7.7: Maxar Technologies 
 
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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