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PUBLISHER: Grand View Research | PRODUCT CODE: 1512056
PUBLISHER: Grand View Research | PRODUCT CODE: 1512056
Satellite Manufacturing Market Size, Share & Trends Analysis Report By Category, By Mass (Large Satellites, Medium-sized Satellites), By Type Of Business (Government, Commercial), By Application, By Region, And Segment Forecasts, 2024 - 2030
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Satellite Manufacturing Market Growth & Trends:
The global satellite manufacturing market size is anticipated to reach USD 52.66 billion by 2030 and is projected to grow at the CAGR of 15.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is undergoing substantial growth primarily owing to increasing demand for satellites for research & development activities and various applications across industries. Several industries, including mining, construction, oil & gas, energy & utilities, agriculture, transportation, etc., are adopting satellite communication solutions to monitor on-site operations and conduct research activities remotely. For instance, geostationary satellites are extremely useful in weather monitoring as they provide a constant view of the same surface area of the earth. Such important applications are substantiating the market growth.
The considerable rise in the number of space exploration activities leading to increased demand for efficient infrastructure for manufacturing satellites and other equipment is creating lucrative growth opportunities for the global market. Several leading manufacturers are taking profound steps to strengthen their infrastructure and production capabilities to cater to the rising demand. For instance, in November 2023, Thales Alenia Space, a joint venture between Thales and Leonardo, launched its project to construct the Space Smart Factory in Europe. This facility is one of the biggest reconfigurable and digital facilities in the region and will join the interconnected space factories in Italy, leveraging advanced technologies to develop satellites for applications.
The expansion of the market is being further expedited by supportive government initiatives to collaborate with private players operating in space technology. For instance, in January 2024, Maxar Technologies received a contract to deliver a Precision3DTM Data Suite bundle to the National Geospatial-Intelligence Agency covering 160,000 square kilometers within the U.S. Indo-Pacific Command area of responsibility. Such initiatives are expected to transform the market outlook over the upcoming years.
Satellite Manufacturing Market Report Highlights:
- Based on category, the geostationary orbit (GEO) segment is expected to grow at the fastest CAGR over the forecast period. The satellites in geostationary orbit play a crucial role in weather monitoring as they provide a constant view of the same surface area
- Based on mass, the medium-sized satellites segment led the market with the largest revenue share of 69.29% in 2023, on account of the advantages associated with them. These satellites facilitate low costs and short production cycles as compared to the traditional ones
- Based on type of business, the commercial segment is estimated to grow at the fastest CAGR over the forecast period, owing to increasing investment in space exploration activities and the development of satellites by private players
- Based on application, the communication segment led the market with the largest revenue share of 48.22% in 2023. Satellite communication is gaining immense prominence with increased adoption of sat phones and broadband satellite data terminals across various industries
- North America dominates the market with the significant revenue share of 54.14% in 2023, due to the growing space industry in the region and ongoing expansion of various private aerospace companies
- In July 2023, ATS Corporation acquired Yazzoom BV, a Belgium-based company specializing in artificial intelligence (AI) and machine learning (ML) tools for industrial production. This acquisition is anticipated to contribute to the enhancement of the company's productivity and efficiency by leveraging advanced AI and ML technologies in industrial processes
Product Code: GVR-4-68040-314-7
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List to Data Sources
Chapter 2. Executive Summary
- 2.1. Satellite Manufacturing Market Snapshot
- 2.2. Satellite Manufacturing Market- Segment Snapshot (1/2)
- 2.3. Satellite Manufacturing Market - Segment Snapshot (2/2)
- 2.4. Satellite Manufacturing Market- Competitive Landscape Snapshot
Chapter 3. Satellite Manufacturing Market - Industry Outlook
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's analysis
- 3.4.2. Macroeconomic analysis
- 3.5. Satellite Manufacturing Market - COVID-19 Impact Analysis
Chapter 4. Satellite Manufacturing Market: Category Analysis
- 4.1. Category Movement Analysis & Market Share, 2023 & 2030
- 4.2. Satellite Manufacturing Market Estimates & Forecast, By Category (USD Million)
- 4.2.1. Low Earth orbit (LEO)
- 4.2.2. Medium Earth orbit (MEO)
- 4.2.3. Geostationary orbit (GEO)
- 4.2.4. Others
Chapter 5. Satellite Manufacturing Market: Mass Analysis
- 5.1. Mass Movement Analysis & Market Share, 2023 & 2030
- 5.2. Satellite Manufacturing Market Estimates & Forecast, By Mass (USD Million)
- 5.2.1. Large Satellites
- 5.2.2. Medium-Sized Satellites
- 5.2.3. Nano Satellites
- 5.2.4. Others
Chapter 6. Satellite Manufacturing Market: Type of Business Analysis
- 6.1. Type of Business Movement Analysis & Market Share, 2023 & 2030
- 6.2. Satellite Manufacturing Market Estimates & Forecast, By Type of Business (USD Million)
- 6.2.1. Government
- 6.2.2. Commercial
Chapter 7. Satellite Manufacturing Market: Application Analysis
- 7.1. Application Movement Analysis & Market Share, 2023 & 2030
- 7.2. Satellite Manufacturing Market Estimates & Forecast, By Application (USD Million)
- 7.2.1. Communication
- 7.2.2. Earth Observation and Remote Sensing
- 7.2.3. Navigation
- 7.2.4. Research and Development
- 7.2.5. Military Surveillance
Chapter 8. Satellite Manufacturing Market: Regional Estimates & Trend Analysis
- 8.1. North America
- 8.1.1. North America Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.1.2. U.S.
- 8.1.2.1. U.S. Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.1.3. Canada
- 8.1.3.1. Canada Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2. Europe
- 8.2.1. Europe Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. UK
- 8.2.2.1. UK Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Germany
- 8.2.3.1. Germany Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.4. France
- 8.2.4.1. France Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.5. Italy
- 8.2.5.1. Italy Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.6. Spain
- 8.2.6.1. Spain Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3. Asia Pacific
- 8.3.1. Asia Pacific Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. China
- 8.3.2.1. China Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Japan
- 8.3.3.1. Japan Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. India
- 8.3.4.1. India Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.5. South Korea
- 8.3.5.1. South Korea Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4. Latin America
- 8.4.1. Latin America Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. Brazil
- 8.4.2.1. Brazil Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. Mexico
- 8.4.3.1. Mexico Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.5. Middle East & Africa
- 8.5.1. Middle East & Africa Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Saudi Arabia
- 8.5.2.1. Saudi Arabia Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.5.3. South Africa
- 8.5.3.1. South Africa Satellite Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Satellite Manufacturing Market - Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Market Positioning
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
- 9.8.1. Expansion/Divestiture
- 9.8.2. Mergers & Acquisitions
- 9.8.3. New Product Launches
- 9.8.4. Collaborations/Partnerships
- 9.9. Company Profiles
- 9.9.1. Airbus
- 9.9.1.1. Participant's Overview
- 9.9.1.2. Financial Performance
- 9.9.1.3. Product Benchmarking
- 9.9.1.4. Recent Developments
- 9.9.2. ArianeGroup
- 9.9.2.1. Participant's Overview
- 9.9.2.2. Financial Performance
- 9.9.2.3. Product Benchmarking
- 9.9.2.4. Recent Developments
- 9.9.3. Beijing Spacecraft Manufacturing Co., Ltd. (BSC)
- 9.9.3.1. Participant's Overview
- 9.9.3.2. Financial Performance
- 9.9.3.3. Product Benchmarking
- 9.9.3.4. Recent Developments
- 9.9.4. Boeing
- 9.9.4.1. Participant's Overview
- 9.9.4.2. Financial Performance
- 9.9.4.3. Product Benchmarking
- 9.9.4.4. Recent Developments
- 9.9.5. Dhruva Space Private Limited
- 9.9.5.1. Participant's Overview
- 9.9.5.2. Financial Performance
- 9.9.5.3. Product Benchmarking
- 9.9.5.4. Recent Developments
- 9.9.6. Gilmour Space Technologies
- 9.9.6.1. Participant's Overview
- 9.9.6.2. Financial Performance
- 9.9.6.3. Product Benchmarking
- 9.9.6.4. Recent Developments
- 9.9.7. INVAP
- 9.9.7.1. Participant's Overview
- 9.9.7.2. Financial Performance
- 9.9.7.3. Product Benchmarking
- 9.9.7.4. Recent Developments
- 9.9.8. Lockheed Martin Corporation
- 9.9.8.1. Participant's Overview
- 9.9.8.2. Financial Performance
- 9.9.8.3. Product Benchmarking
- 9.9.8.4. Recent Developments
- 9.9.9. Maxar Technologies Inc
- 9.9.9.1. Participant's Overview
- 9.9.9.2. Financial Performance
- 9.9.9.3. Product Benchmarking
- 9.9.9.4. Recent Developments
- 9.9.10. Mitsubishi Electric Corporation
- 9.9.10.1. Participant's Overview
- 9.9.10.2. Financial Performance
- 9.9.10.3. Product Benchmarking
- 9.9.10.4. Recent Developments
- 9.9.11. Northrop Grumman
- 9.9.11.1. Participant's Overview
- 9.9.11.2. Financial Performance
- 9.9.11.3. Product Benchmarking
- 9.9.11.4. Recent Developments
- 9.9.12. RTX Corporation
- 9.9.12.1. Participant's Overview
- 9.9.12.2. Financial Performance
- 9.9.12.3. Product Benchmarking
- 9.9.12.4. Recent Developments
- 9.9.13. Sierra Nevada Corporation
- 9.9.13.1. Participant's Overview
- 9.9.13.2. Financial Performance
- 9.9.13.3. Product Benchmarking
- 9.9.13.4. Recent Developments
- 9.9.14. SpaceX
- 9.9.14.1. Participant's Overview
- 9.9.14.2. Financial Performance
- 9.9.14.3. Product Benchmarking
- 9.9.14.4. Recent Developments
- 9.9.15. Thales
- 9.9.15.1. Participant's Overview
- 9.9.15.2. Financial Performance
- 9.9.15.3. Product Benchmarking
- 9.9.15.4. Recent Developments
- 9.9.1. Airbus
Product Code: GVR-4-68040-314-7
List of Tables
- Table 1 Satellite Manufacturing Market - Key market driver impact
- Table 2 Satellite Manufacturing Market - Key market restraint impact
- Table 3 Satellite Manufacturing Market Revenue Estimates and Forecast, By Category, 2018 - 2030 (USD Million)
- Table 4 Satellite Manufacturing Market Revenue Estimates and Forecast, By Mass, 2018 - 2030 (USD Million)
- Table 5 Satellite Manufacturing Market Revenue Estimates and Forecast, By Type of Business, 2018 - 2030 (USD Million)
- Table 6 Satellite Manufacturing Market Revenue Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- Table 7 Recent Developments & Impact Analysis, By Key Market Participants
- Table 8 Company Heat Map Analysis
- Table 9 Key companies undergoing expansions/divestitures
- Table 10 Key Companies undergoing mergers & acquisitions
- Table 11 Key companies launching new products
- Table 12 Key companies engaged in partnerships/collaborations
List of Figures
- Fig. 1 Manufacturing Automation Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot (1/2)
- Fig. 8 Segment Snapshot (2/2)
- Fig. 9 Competitive Landscape Snapshot
- Fig. 10 Satellite Manufacturing Market Value, 2023 - 2030 (USD Million)
- Fig. 11 Satellite Manufacturing Market - Industry Value Chain Analysis
- Fig. 12 Market Dynamics
- Fig. 13 Satellite Manufacturing Market: PORTER's Analysis
- Fig. 14 Satellite Manufacturing Market: PESTEL Analysis
- Fig. 15 Satellite Manufacturing Market, by Category: Key Takeaways
- Fig. 16 Satellite Manufacturing Market, by Category: Market Share, 2023 & 2030
- Fig. 17 Low Earth orbit (LEO) Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 18 Medium Earth orbit (MEO) Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 19 Geostationary orbit (GEO) Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 20 Satellite Manufacturing Market, by Mass: Key Takeaways
- Fig. 21 Satellite Manufacturing Market, by Mass: Market Share, 2023 & 2030
- Fig. 22 Large Satellites Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 23 Medium-Sized Satellites Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 24 Nano Satellites Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 25 Others Satellites Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 26 Satellite Manufacturing Market, by Type of Business: Key Takeaways
- Fig. 27 Satellite Manufacturing Market, by Type of Business: Market Share, 2023 & 2030
- Fig. 28 Government Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 29 Commercial Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 30 Satellite Manufacturing Market, by Application: Key Takeaways
- Fig. 31 Satellite Manufacturing Market, by Application: Market Share, 2023 & 2030
- Fig. 32 Communication Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 33 Earth Observation and Remote Sensing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 34 Navigation Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 35 Research and Development Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 36 Military Surveillance Application Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 37 Others Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 38 Satellite Manufacturing Market by Region, 2023 & 2030 Revenue (USD Million)
- Fig. 39 Regional Marketplace: Key Takeaways
- Fig. 40 North America Satellite Manufacturing Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 41 U.S Satellite Manufacturing Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 42 Canada Satellite Manufacturing Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 43 Mexico Satellite Manufacturing Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 44 Europe Satellite Manufacturing Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 45 UK Satellite Manufacturing Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 46 Germany Satellite Manufacturing Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 47 France Satellite Manufacturing Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 48 Italy Satellite Manufacturing Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 49 Spain Satellite Manufacturing Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 50 Asia Pacific Satellite Manufacturing Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 51 China Satellite Manufacturing Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 52 India Satellite Manufacturing Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 53 Japan Satellite Manufacturing Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 54 South Korea Satellite Manufacturing Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 55 Latin America Satellite Manufacturing Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 56 Brazil Satellite Manufacturing Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 57 Mexico Satellite Manufacturing Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 58 Middle East & Africa Satellite Manufacturing Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 59 Saudi Arabia Satellite Manufacturing Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 60 South Africa Satellite Manufacturing Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 61 Key Company Categorization
- Fig. 62 Company Market Positioning
- Fig. 63 Strategic framework
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