Global satellite manufacturing market to reach $18.2 billion by 2028

The future of the global satellite manufacturing market looks promising with opportunities in the communication, earth observation, navigation, and space observation applications. The global satellite manufacturing market is expected to reach an estimated $18.2 billion by 2028 with a CAGR of 5.8% from 2023 to 2028. The major drivers for this market are growing percentage of programs for space exploration, rising number of satellite-based geostationary and telemetry, and growing need for satellite mission equipment to collect space-related information.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown here.

Satellite Manufacturing Market by Segment
The study includes trends and forecast for the global satellite manufacturing market by satellite type, application, and region.

Satellite Manufacturing Market by Satellite Type [Shipment Analysis by Value from 2017 to 2028]:

• LEO (Low Earth Orbit)
• MEO (Medium Earth Orbit)
• GEO (Geostationary Earth Orbit)
• Others

Satellite Manufacturing Market by Application [Shipment Analysis by Value from 2017 to 2028]:

• Communication
• Earth Observation
• Navigation
• Space Observation
• Others

Satellite Manufacturing Market by Region [Shipment Analysis by Value from 2017 to 2028]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Satellite Manufacturing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, satellite manufacturing companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the satellite manufacturing companies profiled in this report include-

• Airbus
• Arianespace
• Ball Corporation
• Geooptics
• L3Harris Technologies
• Lockheed Martin
• Maxar Technologies

Satellite Manufacturing Market Insights

• The analyst forecasts that LEO is expected to witness the highest growth over the forecast period due to increasing need for satellites in low-earth orbit (LEO) to keep an eye on the space station and help it carry out space research activities.
• Communication will remain the largest segment due to the enormous demand for satellites to provide global connectivity services effortlessly.
• North America will remain the largest region due to the existence of significant space research centers, like NASA; escalating need for advanced satellite services in the civil, defense, and space industries; and the presence of key players in the region.

Features of the Global Satellite Manufacturing Market

• Market Size Estimates: Satellite manufacturing market size estimation in terms of value ($B).
• Trend and Forecast Analysis: Market trends (2017 to 2022) and forecast (2023 to 2028) by various segments and regions.
• Segmentation Analysis: Satellite manufacturing market size by various segments, such as by satellite type, application, and region in terms of value ($B).
• Regional Analysis: Satellite manufacturing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different satellite type, application, and regions for the satellite manufacturing market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape of the Satellite Manufacturing Market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

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