Satellite Manufacturing and Launch Market Expected to Grow at 5% CAGR by 2019
Dallas, Tex., June 24, 2015--The Global Satellite Manufacturing and Launch Market 2015-2019 report says the development of all-electric propulsion systems for satellites and reusable space launch vehicles will contribute significantly to market growth. The use of nano and microsatellites in the development of low-cost satellite-based Internet services will also open up opportunities for the market. The analysts forecast the global satellite manufacturing and launch market to grow at a CAGR of 5.14% during the period 2014-2019.
The report provides detailed insights about the growing demand for satellite capabilities in military and defense applications. Sufficient satellite-based infrastructure can provide access to near-real-time information and imagery, such as in aerial reconnaissance operations.
Satellites are used in communications, telemetry, remote sensing, and surveillance. Satellites are designed specifically for their intended application. Based on application, satellites can be classified as communication satellites, navigational satellites, reconnaissance satellites, remote sensing satellites, and so on. Based on their orbits, satellites can also be classified as LEO satellites, sun-synchronous orbit satellites, and GEO satellites. Based on size, satellites are categorized as large, medium-sized, mini, micro, nano, pico, and femto satellites.
The analysts forecast the global satellite manufacturing and launch market to grow at a CAGR of 5.14% during the period 2014-2019.
The growing utilization of satellites for military surveillance and other defense applications has been pushing market growth. Along with the growing use of UAVs and modern equipment, the military also needs more data bandwidth and reliable communication infrastructure. A lot of growth in this segment is due to the advent of all-electric propulsion systems such as micro-thrusters, which can be used for the propulsion of nano and microsatellites. They minimize the launch mass by eliminating the need for large amounts of fuel, enabling the maximum utilization of available payload.
The report emphasizes the development of reusable space launch vehicles. The use of reusable space launch vehicles can substantially reduce costs in the market, if these rockets can be effectively used for multiple missions. Several companies have been working to develop such reusable space launch vehicles that can re-enter the Earth's atmosphere without burning and return to the launch pad for a vertical landing.
This report covers the current scenario and growth prospects of the Global satellite manufacturing and launch market for the period 2015-2019. It provides a global overview and growth prospects by region. It also presents the market landscape and a corresponding detailed analysis of the prominent vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
The report covers the Americas, APAC, and EMEA. The report also includes a discussion of the key vendors operating in this market.
The following companies are the key players in the global satellite manufacturing and launch market: Airbus Defense and Space, Boeing Defense, Space and Security, Orbital ATK and MDA/SSL.
Other Prominent Vendors in the market are: Arianespace, Axelspace, Clyde Space, Dauria Aerospace, Deep Space Industries, Dynetics, GeoOptics, GomSpace, Innovative Solutions in Space, Lockheed Martin, Mitsubishi Electric, Novanano, Planet Labs, Raytheon, Ruag Space, Sierra Nevada, Skybox Imaging, SpaceQuest, SpaceX, Spire, Surrey Satellite Technology, Thales Alenia Space, Tyvak Nano-Satellite Systems and United Launch Alliance.
