• 出版社/出版日：Mordor Intelligence / 2021年7月31日
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・競争状況（Northrop Grumman Corporation、ArianeGroup、Space Exploration Technologies Corp.、Blue Origin、Lockheed Martin Corporation、The Boeing Company、MITSUBISHI HEAVY INDUSTRIES LTD、Sierra Nevada Corporation、Thales Group、Maxar Technologies Inc. 、Dynetics Inc.、SpaceQuest Ltd）
The Satellite Manufacturing and Launch Systems Market was valued at about USD 17.99 billion in 2020 and is projected to grow to USD 23.09 billion in 2026 with a CAGR of 3.76% during the forecast period (2021-2026).
The COVID-19 pandemic has forced several launch postponements, supply chain disruptions, workforce scarcities, and vaporization of revenue streams of several startups and smaller players in the market.
There is an increased demand for satellites from the civil/government, commercial, and military sectors in recent years. Currently, countries like the United States, Russia, China, India, Japan, and a few European countries have adequate capabilities in the area of satellite manufacturing. However, along with the growing shift towards the manufacturing of affordable and less sophisticated small satellites, it is expected that the manufacturing base of satellites is widening to several other countries around the world.
Regions like North America and Europe have traditionally developed and launched most satellites in orbit. However, the growth in demand for satellite-based infrastructure in emerging countries like China and India is currently contributing to the development of the market in the Asia Pacific.
The market is witnessing the entry of private players who are spending huge amounts on research and development to exploit the new opportunities in the satellite manufacturing and launch industry.
Key Market Trends
The Military and Government Segment Recorded the Highest Market Share in 2020
Currently, the military and government segment has the highest revenue share in the market. Armed forces across the world have been strengthening their satellite networks to perform more efficient intelligence, surveillance and reconnaissance (ISR) missions that essentially need secure and robust communication channels, accessible from anywhere by the forces. More data bandwidth and reliable communication infrastructure are being demanded by the armed forces to meet the growing requirements for large-scale data transfer. The development of tactical communication systems, tactical data links, modern network-centric battle force capabilities, and advanced SATCOMs are the significant applications of military communication satellites. Improved use of SATCOM may simplify the integration of C4ISR, thus, enabling the better use of UAVs and more advanced administrative, support, and personal welfare services. In this regard, several countries are emphasizing launching communications satellites for better data transfer capabilities. For instance, in July 2020, South Korea launched its first-ever dedicated military communications satellite through the private operator SpaceX. On the other hand, the launches of satellites, especially smaller ones, are being done on a large scale by universities, colleges, and even high school students. With governments and various foundations currently funding the research in the civil satellites, a constant growth of this segment is expected during the forecast period. As part of NASA’s CubeSat Launch Initiative, which provides opportunities for small satellite payloads built by universities, high schools and non-profit organizations to fly on upcoming launches, NASA provides these CubeSat developers a low-cost pathway to conduct scientific investigations and technology demonstrations in space, thus enabling students, teachers and faculty to obtain hands-on flight hardware development experience. As of April 2021, NASA has selected more than 200 CubeSat missions as part of the initiative. Such developments are expected to propel the growth of the segment during the forecast period.
The Market in Asia-Pacific is Expected to Grow with the Highest CAGR During the Forecast Period.
The highest growth in the market is expected to be from the Asia Pacific region, mainly due to the increasing space launches from China and India. India has become a global leader for third-party launch services and has several ongoing R&D programs for new launch platforms. Starting in April 2021, India is gearing up to launch 10 Earth observation satellites, including optical, multi-, and hyperspectral, and synthetic aperture radar satellites. The disclosed launch plans also include three communication satellites and two navigation satellites. In the space launch industry, India is proceeding with a Reusable Launch Vehicle (RLV) project to demonstrate technologies for developing a wing-body vehicle like that of an aircraft. India also envisions to develop a Hypersonic Air-Breathing Vehicle with Air frame integrated system (HAVA) that utilizes scramjet engine power and may be used for the design and development of a Two-Stage-to-Orbit (TSTO) vehicle. Such programs are expected to direct significant investments towards the space sector in India. Besides, China has been launching the highest number of rockets compared to any other country in recent years. According to China Aerospace Science and Technology Corporation (CASC), China conducted 39 launches in 2020 and plans to launch over 40 space launches in 2021. In the upcoming years, the country plans to launch the world’s biggest space telescope, the world’s most massive rocket, and a space station to rival the ISS. In September 2020, China became the third country to conduct a satellite launch from an ocean platform when it launched nine Jilin-1 Gaofen-03 (High Resolution-03) Earth observation satellites onboard a Long March 11 rocket. Such developments are expected to propel the growth of the region in the years to come.
Northrop Grumman Corporation, Lockheed Martin Corporation, ArianeGroup, Space Exploration Technologies Corp., and Thales Group are some of the prominent players in the market. Joint ventures between the significant aerospace and defense players, like the ArianeGroup (a venture between Airbus and Safran), Thales Alenia Space (a Thales/Leonardo company), and United Launch Alliance (a joint venture of the companies Boeing and Lockheed Martin Corporation) have been prominent in the market. With the increasing satellite launches, the companies are developing new and advanced launch vehicles. Arianespace has also been working on developing new reusable launchers, and in February 2020, it signed an MoU with CNES (the French space agency) for a new “acceleration platform” that will work to develop new launchers, including reusable ones. The cost of manufacturing satellites and launch service costs will be the two prominent parameters for the companies to compete. Other parameters like technological advancement and collaborations will help the companies to reduce the manufacturing cost, miniaturization of satellites, and increase the number of launches. The move towards electric propulsion systems and reusable rockets will further propel the market growth. The nano and micro satellite segment of the market studied is highly fragmented, as there are significant investments and entry of new players primarily due to the high potential during the forecast period.
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1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness – Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value – USD billion)
5.1.2 Launch Systems
5.2.1 Military and Government
5.3.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
5.3.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Northrop Grumman Corporation
6.2.3 Space Exploration Technologies Corp.
6.2.4 Blue Origin
6.2.5 Lockheed Martin Corporation
6.2.6 The Boeing Company
6.2.7 MITSUBISHI HEAVY INDUSTRIES LTD
6.2.8 Sierra Nevada Corporation
6.2.9 Thales Group
6.2.10 Maxar Technologies Inc.
6.2.11 Dynetics Inc.
6.2.12 SpaceQuest Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS