Satellite Manufacturing and Launch Systems Market by Type (Satellite Manufacturing, Satellite Launch Systems), by Application (Communication Satellite, Military Surveillance, Navigation Satellite, Earth Observation Satellite, Others), by End-Use (Commercial, Military), by North America (The U.S., Canada), by Europe (The U.K., Germany, France, Russia, Rest of Europe), by Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific), by The Middle East (Saudi Arabia, The UAE, Rest of the Middle East), by Rest of the World (South America, Africa) Forecast 2024-2032
The Satellite Manufacturing and Launch Systems Market size was valued at USD 25.15 USD Billion in 2023 and is projected to reach USD 37.07 USD Billion by 2032, exhibiting a CAGR of 5.7 % during the forecast period. Satellite manufacturing and launch systems cover the entire process of building and launching satellites into orbit. This complex industry encompasses a wide range of technologies and expertise. The military needs more data bandwidth and reliable communications infrastructure to meet the growing demand for unmanned aerial vehicles and advanced equipment. Growth in satellite-based telemetry and geostationary applications, development of all-electric propulsion systems used in sun-synchronous orbit satellites, and growth in RandD space activities are contributing to market growth.
Type:
Application:
End-Use:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.7% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.7% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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