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Space Equipment Trends and Forecast
The future of the global space equipment market looks promising with opportunities in the aerospace, business and resources markets. The global space equipment market is expected to reach an estimated $550.2 billion by 2030 with a CAGR of 4.2% from 2024 to 2030. The major drivers for this market are growing usage of satellite imagery in commercial & military sectors bodes well and increasing prices of combat aircraft has shifted the focus on innovations in air-to-air missile systems.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Space Equipment by Segment
The study includes a forecast for the global space equipment by type, application, and region
Space Equipment Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Communication Satellite
• Observation Satellite
• Vehicle
Space Equipment Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Aerospace
• Business
• Resources
Space Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Space Equipment 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 space equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the space equipment companies profiled in this report include-
• AAR Corp.
• Airbus
• Applied Radar
• Arianespace SA
• BAE Systems
• Ball Aerospace &Technologies
• Bombardier
• Dassault Aviation
• DigitalGlobe Inc.
• Honeywell International
Space Equipment Market Insights
Lucintel forecasts that vehicle will remain the largest segment over the forecast period.
Within this market, aerospace will remain the largest segment.
North America is expected will remain the largest region over the forecast period.
Features of the Global Space Equipment Market
Market Size Estimates: Space equipment market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Space equipment market size by type, application, and region in terms of value ($B).
Regional Analysis: Space equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the space equipment market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the space equipment market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the space equipment market size?
Answer: The global space equipment market is expected to reach an estimated $550.2 billion by 2030.
Q.2 What is the growth forecast for space equipment market?
Answer: The global space equipment market is expected to grow with a CAGR of 4.2% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the space equipment market?
Answer: The major drivers for this market are growing usage of satellite imagery in commercial & military sectors bodes well and increasing prices of combat aircraft has shifted the focus on innovations in air-to-air missile systems.
Q4. What are the major segments for space equipment market?
Answer: The future of the space equipment market looks promising with opportunities in the aerospace, business, and resources markets.
Q5. Who are the key space equipment market companies?
Answer: Some of the key space equipment companies are as follows:
• AAR Corp.
• Airbus
• Applied Radar
• Arianespace SA
• BAE Systems
• Ball Aerospace &Technologies
• Bombardier
• Dassault Aviation
• DigitalGlobe Inc.
• Honeywell International
Q6. Which space equipment market segment will be the largest in future?
Answer: Lucintel forecasts that vehicle will remain the largest segment over the forecast period.
Q7. In space equipment market, which region is expected to be the largest in next 5 years?
Answer: North America is expected will remain the largest region over the forecast period.
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 space equipment market by type (communication satellite, observation satellite, and vehicle), application (aerospace, business, and resources), 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 Space Equipment Market, Space Equipment Market Size, Space Equipment Market Growth, Space Equipment Market Analysis, Space Equipment Market Report, Space Equipment Market Share, Space Equipment Market Trends, Space Equipment Market Forecast, Space Equipment Companies, 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 Space Equipment 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 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Space Equipment Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Space Equipment Market by Type
3.3.1: Communication Satellite
3.3.2: Observation Satellite
3.3.3: Vehicle
3.4: Global Space Equipment Market by Application
3.4.1: Aerospace
3.4.2: Business
3.4.3: Resources
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Space Equipment Market by Region
4.2: North American Space Equipment Market
4.2.2: North American Space Equipment Market by Application: Aerospace, Business, and Resources
4.3: European Space Equipment Market
4.3.1: European Space Equipment Market by Type: Communication Satellite, Observation Satellite, and Vehicle
4.3.2: European Space Equipment Market by Application: Aerospace, Business, and Resources
4.4: APAC Space Equipment Market
4.4.1: APAC Space Equipment Market by Type: Communication Satellite, Observation Satellite, and Vehicle
4.4.2: APAC Space Equipment Market by Application: Aerospace, Business, and Resources
4.5: ROW Space Equipment Market
4.5.1: ROW Space Equipment Market by Type: Communication Satellite, Observation Satellite, and Vehicle
4.5.2: ROW Space Equipment Market by Application: Aerospace, Business, and Resources
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 Space Equipment Market by Type
6.1.2: Growth Opportunities for the Global Space Equipment Market by Application
6.1.3: Growth Opportunities for the Global Space Equipment Market by Region
6.2: Emerging Trends in the Global Space Equipment Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Space Equipment Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Space Equipment Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: AAR Corp.
7.2: Airbus
7.3: Applied Radar
7.4: Arianespace
7.5: BAE Systems
7.6: Ball Aerospace & Technologies
7.7: Bombardier
7.8: Dassault Aviation
7.9: DigitalGlobe
7.10: Honeywell International
.
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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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