Published Date : Oct 17, 2016
ALBANY, NY, Oct 17, 2016: The new report, titled “Global Satellite Manufacturing And Launch Market 2016-2020”providing a comprehensive overview of the global satellite manufacturing and launch market also profiles the leading players operating therein. Using analytical tools, the strengths and weaknesses of the companies profiled are analyzed. The report also provides insights into the opportunities and threats that these companies are most likely to witness over the forecast period between 2016 and 2020.
The report predicts moderate growth for the global satellite manufacturing and launch market at a CAGR of 5% between 2016 and 2020. The rising use of satellite to predict abnormalities in weather conditions and valuable insights during warfare have provided opportunities for its increased application in border protection and maritime surveillance. Furthermore, with the development of innovative image-enhancing equipment such as high-resolution cameras and advanced remote-sensing technologies, satellites are now able to provide better-quality images from space. With the development of nano and microsatellites, which are considerably affordable and easy to manufacture and launch, the growth of the market is expected to be bolstered in the near future.
Based on application, the satellite manufacturing segment held dominance in the market in 2015, with a share of 75%. Satellites manufactured for commercial communications, civil/military communications, and military surveillance are the leading revenue generators in the segment. Regionally, the U.S. has proven the most lucrative market for satellite manufacturers.
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In 2015, the Americas led the global satellite manufacturing and launch market and held a share of over 35% in the market. The U.S., Mexico, Brazil, and Canada have emerged as the most lucrative markets for satellite manufacturing and launch in the region. With leading players are developing new systems to meet the growing demand for satellite in the forthcoming years, the future of the market seems highly promising.
To study the competition prevailing in the market, the report has profiled some of the leading players operating therein. Lockheed Martin, Airbus Defense and Space, Orbital ATK, and Boeing have been identified as the key vendors operating in the global satellite manufacturing and launch market. Other companies profiled in the report are ISS Reshetnev, SpaceX, Arianespace, and SSL.
The market exhibits a highly competitive landscape, as the leading enterprises compete each other in terms of product quality, cost, reliability, and aftermarket services. To ensure sustainable growth, these vendors are currently focusing on offering high-performing satellite and their launch system. Additionally, they are looking to expand their in-house manufacturing capabilities, product portfolio, and the global footprint to strengthen their position in the market.
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