Europe Satellite Manufacturing and Launch Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Europe Satellite Manufacturing & Launch Systems Industry Overview

ArianeGroup, Thales Group, OHB SE, Avio SpA, and OneWeb are some of the prominent players in the market. The market is fragmented, with the presence of several satellite manufacturers in addition to launch system providers in the region. With the advent of reusable rockets, launch systems manufacturers are trying to produce these reusable rockets, thereby reducing the launching costs and increasing profits. Players are forming partnerships in this regard, to explore the opportunities in the aforementioned area. For instance, in February 2019, ArianeGroup and CNES (the French space agency) signed a memorandum of understanding for a new acceleration platform that will work to develop new satellite launchers, including reusable launch systems. Such partnerships are expected to enhance the prospects of the players involved, during the forecast period.