Global Satellite Manufacturing and Launch Market to Reach $24.2 Billion by 2030
The global market for Satellite Manufacturing and Launch estimated at US$20.1 Billion in the year 2022, is projected to reach a revised size of US$24.2 Billion by 2030, growing at a CAGR of 2.3% over the period 2022-2030. Satellite Manufacturing, one of the segments analyzed in the report, is projected to record 2.1% CAGR and reach US$17.6 Billion by the end of the analysis period. Growth in the Launch Systems segment is estimated at 3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $9.8 Billion, While China is Forecast to Grow at 2.8% CAGR
The Satellite Manufacturing and Launch market in the U.S. is estimated at US$9.8 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2030 trailing a CAGR of 2.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 1.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.
Select Competitors (Total 147 Featured)
- Airbus SE
- ArianeGroup SAS
- Blue Origin, LLC
- Dynetics, Inc.
- GeoOptics, Inc.
- Honeywell International, Inc.
- Innovative Solutions In Space B.V.
- Lockheed Martin Corporation
- Maxar Technologies, Inc.
- MITSUBISHI HEAVY INDUSTRIES LTD.
- Northrop Grumman Corp.
- OHB SE
- Raytheon Technologies Corp.
- Sierra Nevada Corporation
- Space Exploration Technologies Corp.
- Thales Group
- The Boeing Company
- ViaSat, Inc.