Global Satellite Manufacturing and Launch Systems Markets 2020-2025 with Northrop Grumman, Lockheed Martin, ArianeGroup, Space Exploration Technologies, and Thales Dominating - ResearchAndMarkets.com

The "Satellite Manufacturing and Launch Systems Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The satellite manufacturing and launch systems market is poised to register a CAGR of 3.71%, during the forecast period.

There is an increased demand for satellites from the civil/government, commercial, and military sectors in recent years. Currently, countries like the United States, Russia, China, India, Japan, and a few European countries have adequate capabilities in the area of satellite manufacturing. However, along with the growing shift toward the manufacturing of affordable and less sophisticated small satellites, it is expected that the manufacturing base of satellites is widening to several other countries around the world.

Regions like North America and Europe have traditionally developed and launched most satellites in orbit. However, the growth in demand for satellite-based infrastructure in emerging countries like China and India is currently contributing to the development of the market in the Asia Pacific.

The market is witnessing the entry of private players who are spending huge amounts on research and development to exploit the new opportunities in the satellite manufacturing and launch industry. However, the postponement of launch schedules and irregular private financing have also led to several small and new players existing in the market in recent years.

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. Armed forces across the world have been strengthening their satellite networks to perform more efficient intelligence, surveillance and reconnaissance (ISR) missions that essentially need secure and robust communication channels, accessible from anywhere by the forces. More data bandwidth and reliable communication infrastructure are being demanded by the armed forces to meet the growing requirements for large scale data transfer.

The development of tactical communication systems, tactical data links, modern network-centric battle force capabilities, and advanced SATCOMs generate significant demand for military communication satellites. SATCOMs are also expected to extend to new terrestrial communications networks that may improve the operational agility and border protection. In this regard, several countries are emphasizing launching communications satellites for better data transfer capabilities. For instance, in July 2020, South Korea launched its first-ever dedicated military communications satellite through the private operator SpaceX.

On the other hand, the launches of satellites, especially smaller ones, are being done on a large scale by universities, colleges, and even high school students. With governments and various foundations currently funding the research in the civil satellites, a constant growth of this segment is expected during the forecast period. As part of NASA's CubeSat Launch Initiative, which provides opportunities for small satellite payloads built by universities, high schools and non-profit organizations to fly on upcoming launches, NASA provides these CubeSat developers a low-cost pathway to conduct scientific investigations and technology demonstrations in space, thus enabling students, teachers and faculty to obtain hands-on flight hardware development experience.

Till October 2020, NASA has selected 192 CubeSat missions, 104 of which have been launched into space. Such developments are expected to propel the growth of the segment during the forecast period.

Competitive Landscape

Northrop Grumman Corporation, Lockheed Martin Corporation, ArianeGroup, Space Exploration Technologies Corp., and Thales Group 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 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. The cost of manufacturing satellites and launch service costs will be the two prominent parameters for the companies to compete.

Other parameters like technological advancement and collaborations will help the companies to reduce the manufacturing cost, miniaturization of satellites, and increase the number of launches. The move towards electric propulsion systems and reusable rockets will further propel the market growth.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Industry Attractiveness - Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Type

5.1.1 Satellite

5.1.2 Launch Systems

5.2 Application

5.2.1 Military and Government

5.2.2 Commercial

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Company Profiles

6.2.1 Northrop Grumman Corporation

6.2.2 ArianeGroup

6.2.3 Space Exploration Technologies Corp.

6.2.4 Blue Origin

6.2.5 Lockheed Martin Corporation

6.2.6 The Boeing Company

6.2.7 MITSUBISHI HEAVY INDUSTRIES LTD

6.2.8 Sierra Nevada Corporation

6.2.9 Thales Group

6.2.10 Maxar Technologies Inc.

6.2.11 Dynetics Inc.

6.2.12 SpaceQuest Ltd

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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