Global Satellite Manufacturing and Launch Market 2019–2023


Reading time ( words)

Technavio has been monitoring the global satellite manufacturing and launch market since 2015 and the market is poised to grow by $5.73 billion, progressing at a CAGR of over 4% during the forecast period.

The market is driven by increasing demand for satellite-based telemetry systems. In addition, the trend of miniaturization is anticipated to boost the growth of the satellite manufacturing and launch market.

The growing demand for mapping and location-based services by defense, science, and R&D organizations has increased the use of satellite telemetry. For instance, the US Government uses satellite telemetry to provide satellite tracking, telemetry, and command to specific users through several ground-based antennas located across the world. End-users such as surveyors, farmers, miners, fishermen, engineers, and other decision-makers also leverage earth observation data to meet their business objectives. The increasing demand for satellite-based telemetry systems is expected to fuel market growth during the forecast period.

Major Five Satellite Manufacturing and Launch Companies:

1. Airbus SE

Airbus SE owns and operates its business across segments such as Airbus, Helicopters, and Defence and Space. The company offers a wide range of earth-observation satellites, telecommunication satellites, and launch vehicles. Some of the popular models offered by the company include AstroBus-XS, G03S, AstroBus-S, AstroBus-L, Xpress, and HybridSAR.

2. Boeing

Boeing owns and operates its business across segments such as Commercial Airplanes, Defense, Space, & Security, Global Services, and Boeing Capital. 702SP, 702MP, 702HP, and 702HP-GEM are some of the satellites offered by the company.

3. Lockheed Martin Corp.

Lockheed Martin Corp. owns and operates its business across segments such as Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. AEHF satellite offered by the company is used for transmission of tactical military communications, such as real-time video, battlefield maps, and targeting data.

4. Northrop Grumman Corp.

Northrop Grumman Corp. owns and operates its business across various segments including aerospace systems, innovation systems, mission systems, and technology services. The company offers a wide range of communication satellites, imaging satellites, science and environment satellites, and space launch vehicles.

5. Raytheon Co.

Raytheon Co. owns and operates its business across various segments such as integrated defense systems, intelligence, information and services, missile systems, space and airborne systems, and force point. The company develops small satellites such as PolarScout for the US DHS to help search and rescue teams locate emergency beacons in remote areas, such as the Arctic.

Share

Print


Suggested Items

Requirements of Being a MIL-certified Shop

11/12/2019 | Barry Matties, I-Connect007
Barry Matties speaks with American Standard Circuits’ VP of Business Development David Lackey, who has nearly 40 years of experience producing PCBs for the mil/aero market. David talks about what it’s like being a MIL-certified shop and the stringent quality and reporting requirements that it entails.

Small Eye in the Sky: Special Forces Will Soon Have New Enduring ISR Option

04/29/2019 | Lockheed Martin
Combating counterinsurgency, conducting reconnaissance, collecting information vital to national security, United States Special Forces conduct some of the most sensitive and critical missions.

What’s Coming in 3D Printing Technology in 2018

12/27/2017 | Cullen Hilkene, 3Diligent
First, the arrival of extrusion metal printing. Today's extrusion printers are the most prevalent and, arguably, user-friendly 3D Printers in the market. Now, after years of there being zero metal extrusion printers, there will be two in the new year from Desktop Metal and Markforged. These technologies promise new materials and a higher degree of user friendliness for metal printing.



Copyright © 2020 I-Connect007. All rights reserved.