Global Satellite Manufacturing and Launch Systems Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com

DUBLIN--()--The "Global Satellite Manufacturing and Launch Systems Market - Segmented by Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global satellite manufacturing and launch system market is expected to register a CAGR of 5.32% to reach USD 25.90 billion by the year 2023. The application of satellites led by the military and the civil sector is increasing at a tremendous pace. The growing use of Unmanned Aerial Vehicles and smart weapons has explicitly put a lot of constraint on the existing infrastructure.

The satellite launch systems market is anticipated to witness an increased growth rate by the end of the forecast period and is anticipated to hold 30% of the global satellite manufacturing and launch market. There is an increase is investment in these systems by various nations, to have access to launch their satellites. The Asia Pacific region is expected to grow at the fastest rate in the forecast period and is poised to be the largest market by the end of the forecast period.

The rocket engine technology has seen much advancement in the last few years, especially because of private players entering the market and spending loads of money on research and development. Recently the China Aerospace Science & Technology Corporation (CASC) talked about the new invention to power up heavy launch vehicle CZ-9. This powering system consists of a gas generator and turbo pump structure for the 500-tonne class LOX/Kerosene Liquid engine.

Companies Mentioned

  • Orbital ATK
  • Airbus Defense and Space
  • SSL
  • Boeing Defense Space & Security
  • Raytheon
  • Sierra Nevada S.A.eQuest
  • Axelspace
  • Dynetics
  • GeoOptics
  • Lockheed Martin

For more information about this report visit https://www.researchandmarkets.com/research/h55mpx/global_satellite?w=4

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Related Topics: Satellite Communications , Space Systems, Satellites and Launchers

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Satellite Communications , Space Systems, Satellites and Launchers