Satellite Manufacturing and Launch Market Report Information by Application (Military, Commercial, and Government) by End-user (Weather Forecast, Internet Services, and Navigation), and by Regions - Forecast to 2023 by MRFR
Key Players : Satellite Manufacturing and Launch Market
The key players in the global satellite manufacturing and launch market include Arianespace (France), Airbus Defence and Space (Germany), Boeing Defence, GeoOptics (Canada), Innovative Solutions in Space (Netherlands), ISS Reshetnev (Russia), Lockheed Martin (USA), Orbital ATK (USA), Space & Security (USA), SSL (USA), and ViaSat Inc. (USA).
Today, satellites are used for a huge variety of activities that include communication, remote sensing, surveillance, telemetry, transmission, traffic control, and more. Market Research Future (MRFR) has published a research report about the global satellite manufacturing and launch market that anticipates decent gains for the market with 6% CAGR (Compound Annual Growth Rate) during the forecast period between 2016 and 2021.
The key factors driving the growth for global satellite manufacturing and launch market include growing utilization of satellites for military surveillance and other defense applications. Demand for satellite and for commercial applications like global positioning services (GPS) services and the internet, and satellite-based telemetry applications.
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The global satellite manufacturing and launch market have been segmented on the basis of application, end users, orbit location, and region. Based on application, this market has been segmented into communications satellites, navigation satellites, reconnaissance satellites, remote sensing satellites, and others.
Satellite Manufacturing And Launch Market Regional Analysis
There is an increased demand for satellites from the civil/government, commercial and military sectors. The markets in Europe and North America have traditionally developed and launched most satellites. However, the growing need for satellite-based infrastructure in emerging countries such as China and India has contributed to the development of the market in the Asia Pacific.
U.S. and Canada are the major markets in Americas for space-based programs. Both countries have advanced infrastructures and are involved in various space programs. Organizations, such as NASA and SpaceX, in the U.S., are developing new systems that are expected to meet the growing demand for satellites in the future. In the U.S., the demand from military and defense sector has been increasing mainly for navigation, communications, and spy satellites.
Latest Industry News : Satellite Manufacturing and Launch Market
Developed by Vietnamese engineers, a miniaturized satellite called MicroDragon, is scheduled to be launched in December with the assistance of Japan. The launch was announced on 18 OCT 2018 by the Vietnam National Space Center (VNSC), as part of a joint Vietnam-Japan project on disaster and climate change prevention using earth observation satellites. 22 OCT 2018
Microsatellite launch company Vector has obtained US $70 mn in a Series B funding round led by Kodem Growth Partners, in conjunction with Morgan Stanley Alternative Investment Partners. 22 OCT 2018.
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