Albany, NY -- (SBWIRE) -- 12/30/2016 -- A satellite is an artificial object manually placed into the earth's orbit to serve various purposes, which could be navigation, collecting weather information, civilian and earth observation, and research. Satellites are also used for conventional missions such as intelligence gathering, navigation, military communications, attitude control, telemetry, power generation, thermal control, and orbit control. These data are used for a number of applications like agriculture, urban development, water resources, mineral prospecting, forestry, environment, border and maritime security, ocean resources, drought and flood forecasting, and disaster management.

The global satellite manufacturing and launch market to grow at a CAGR of 4.95% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global satellite manufacturing and launch market for 2016-2020. To calculate the market size, the report considers the revenue generated from various segments such as application and geography.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Satellite Manufacturing and Launch Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Airbus Defence and Space
- Boeing
- Lockheed Martin
- Orbital ATK

Other prominent vendors
- Arianespace
- ISS Reshetnev
- SpaceX
- SSL

Market driver
- Growing demand for electro-optical imaging systems
- For a full, detailed list, view our report

Market challenge
- Issues with debris in satellite orbits
- For a full, detailed list, view our report

Market trend
- Development of reusable space launch vehicles
- For a full, detailed list, view our report

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Key questions answered in this report:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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