Satellite Manufacturing and Launch Market with US 14.01% CAGR between 2023 and 2030

Satellite Manufacturing And Launch Market is predicted to reach USD 57.33 billion at a CAGR of 14.01% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Global Satellite Manufacturing And Launch Market” that contains information from 2018 to 2030. The Satellite Manufacturing And Launch market is estimated to register a CAGR of 14.01% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Satellite Manufacturing And Launch market— Airbus Defence and Space (Germany), Boeing Defence, Space & Security (U.S.), Orbital ATK (U.S.), SSL (U.S.), Lockheed Martin (U.S.), ISS Reshetnev (Russia), Arianespace (France), ViaSat Inc. (U.S.), Innovative Solutions in Space (Netherlands), GeoOptics (Canada), and others.

Satellite Manufacturing and Launch Market Highlights

The global Satellite Manufacturing And Launch market is accounted to register a CAGR of 14.01% during the forecast period and is estimated to reach USD 57.33 billion by 2030.

The Satellite Manufacturing and Launch Market involves the creation, assembly, and deployment of satellites for various purposes, such as communication, navigation, Earth observation, and scientific research. This market encompasses the design, manufacturing, and integration of satellites, along with their subsequent launch into space using rockets or launch vehicles. It's a vital industry supporting global connectivity, data collection, and space exploration.

Segment Analysis

The global Satellite Manufacturing And Launch market has been segmented based End-User and Application

On the basis of End-User, the market is segmented into weather forecast, internet services and navigation. In terms of revenue from the satellite manufacture and launch market, the Internet services segment held the majority share in 2022. Low Earth Orbit, or LEO, communication satellite deployment has expanded primarily as a result of the rise in demand for satellite internet services to access fast data transmission speeds.

Based on Application, the global Satellite Manufacturing And Launch market has been segmented into Commercial, Military, and Government. In 2022, the market for satellite manufacturing and launch was controlled by the military sector. It was mostly due to the fact that militaries all over the world are expanding their satellite networks to carry out intelligence, surveillance, and reconnaissance (ISR) missions more effectively. ISR missions necessitate reliable and secure communication channels that militaries can access from anywhere.

Regional Analysis

The global Satellite Manufacturing And Launch market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Satellite Manufacturing And Launch market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Satellite Manufacturing And Launch market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Satellite Manufacturing And Launch market comprises of Middle East, Africa, and Latin America.

The North America Satellite Manufacturing And Launch Market dominated this market in 2022. It is anticipated to reach USD 10.48 billion in 2022 and increase at a high CAGR over the study period. It is ascribed to the significant financial investments made in satellite manufacture and the creation of reusable launch vehicles by the American government and space agencies. Lockheed Martin Corporation received a USD 4,600 million contract from NASA in September 2019 to deliver six reusable Orion crew capsules outfitted with lightweight 3D printed components.

Due to several important market participants, including Airbus S.A.S., Arianespace, ISISPACE GROUP, JSC Academician M.F. Reshetnev, and others, the satellite manufacturing and launch market in Europe holds the second-largest market share. Additionally, the region's fastest expanding market for satellite manufacturing and launch is Germany, while the UK market held the greatest market share.

Moreover, From 2023 to 2030, the CAGR for the manufacturing and launch of satellites in the Asia-Pacific region is expected to be the quickest. It is a result of expanding satellite launch facilities and programmes from nations like China, India, and Australia.

Key Findings of the Study

• The global Satellite Manufacturing And Launch market is expected to reach USD 57.33 billion by 2032, at a CAGR of 14.01% during the forecast period.


• The North America Satellite Manufacturing And Launch Market dominated this market in 2022. It is anticipated to reach USD 10.48 billion in 2022 and increase at a high CAGR over the study period.


• Based on End-User, . In terms of revenue from the satellite manufacture and launch market, the Internet services segment held the majority share in 2022.


• Airbus Defence and Space (Germany), Boeing Defence, Space & Security (U.S.), Orbital ATK (U.S.), SSL (U.S.), Lockheed Martin (U.S.), ISS Reshetnev (Russia), Arianespace (France), ViaSat Inc. (U.S.), Innovative Solutions in Space (Netherlands), GeoOptics (Canada), and others.