Pune, India -- (SBWIRE) -- 04/26/2018 -- Satellite Manufacturing And Launch Market - Overview:

Satellites are systems that are launched into space to provide various services such as communications, telemetry, remote sensing, surveillance, and so on. Satellites are designed specifically as per their intended application. Depending on the type of application, satellites can be segmented as communications satellites, navigation satellites, reconnaissance satellites, remote sensing satellites and so on. Satellites are also classified as LEO satellites, Sun-synchronous Orbit satellites, and GEO satellites, according to the orbit location. Based on the size, the satellites are categorized as large, medium-sized, mini, micro, nano, pico, and femto-satellites.

According to MRFR, the global satellite manufacturing and launch market is expected to grow at CAGR over 6%, during the forecast period 2017-2023.

The growing utilization of satellites for military surveillance and other defense applications has been one of the major drivers for the market. The military also needs more data bandwidth and reliable communication infrastructure to meet the growing demand from UAVs and modern equipment. The demand for these satellites for commercial applications such as GPS services and the internet, has also increased. There also has been growth in the demand for satellite-based telemetry applications. Along with a rise in demand for reliable telemetry infrastructure, demand for satellite-based telemetry has also increased. Satellite telemetry is used for various civil, commercial, government, and military applications. For example, satellite telemetry is used by researchers to track the movement of targets (e.g. animal and birds) on Earth. To do this, satellite telemetry involves following an object on the Earth's surface through the use of orbiting satellites. The satellite receives radio signals from transmitters attached to the target. Thus, it provides researchers with an up-to-date location of the target whenever it moves. Based on the transmitter signal, the distance between the transmitter and the satellite can be calculated, and the location of the transmitter on the ground can be determined, geometrically.

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Regional Analysis

There is an increased demand for satellites from the civil/government, commercial and military sectors. The markets in Europe and North America have traditionally developed and launched most satellites. However, the growing need for satellite-based infrastructure in emerging countries such as China and India has contributed to the development of the market in the Asia Pacific.

U.S. and Canada are the major markets in Americas for space-based programs. Both countries have advanced infrastructures and are involved in various space programs. Organizations, such as NASA and SpaceX, in the U.S., are developing new systems that are expected to meet the growing demand for satellites in the future. In the U.S., the demand from military and defense sector has been increasing mainly for navigation, communications, and spy satellites.
Satellite manufacturing requires strong technological capability in this field. Currently, U.S., Russia, China, Japan and a few of the European countries have a stronghold in the area of satellite manufacturing. However, along with the growing demand for nano and microsatellite, it is expected that the manufacturing base of satellites will widen to various regions of the world.

Key Players
The key players for the satellite manufacturing and launch market are 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), and GeoOptics (Canada).

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Intended Audience

- Government
- Policy maker
- Consultants
- Suppliers

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