Market Size of Europe Satellite Manufacturing and Launch Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 10.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Satellite Manufacturing & Launch Systems Market Analysis
The European satellite manufacturing and launch systems market is estimated to register a CAGR of more than 10% during the forecast period.
- Europe is one of the largest markets for satellites in the world. Cumulatively, the European region has the second-largest public space budget in the world with numerous active satellite R&D programs and manufacturing facilities spanning different European countries.
- The increasing budget toward R&D, especially in areas, like materials and satellite manufacturing technologies, are propelling the growth of the market in Europe.
- The presence of a large number of satellite manufacturers locally is helping the European customers to launch their satellites at relatively cheaper costs. In addition, several satellite end users in Europe also developed their own satellite manufacturing capabilities, allowing them to reduce the overall project costs.
- The growth in the demand for small satellites and the advent of reusable launch vehicles are some of the factors that are also propelling the industry in Europe.
Europe Satellite Manufacturing & Launch Systems Industry Segmentation
The report includes the following aspects:
| Type | |
| Satellite | |
| Launch Systems |
| End-user | |
| Civil | |
| Commercial | |
| Military |
| Geography | ||||||||
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Europe Satellite Manufacturing and Launch Systems Market Size Summary
The European satellite manufacturing and launch systems market is a significant player on the global stage, characterized by a robust public space budget and a multitude of active satellite research and development programs. The region's growth is driven by increased investment in research and development, particularly in materials and satellite manufacturing technologies. The presence of numerous local satellite manufacturers enables European customers to launch satellites at lower costs, while some end users have developed their own manufacturing capabilities to further reduce project expenses. The rising demand for small satellites and the introduction of reusable launch vehicles are also contributing to the market's expansion. The commercial segment, particularly driven by the communication sector, holds a substantial share of the market, with satellite communications representing a major portion of satellite launches in Europe.
Russia stands out as a dominant force within the European satellite manufacturing and launch systems market, with plans to enhance its digital economy through satellite-based technologies. The country's focus on developing satellites for highly elliptical orbits and its strategic move towards 5G, AI, and VR technologies underscore its commitment to advancing satellite communications. The Russian government is also consolidating its satellite development firms to boost productivity and reduce competition. Key players in the market, such as ArianeGroup, Thales Group, and OHB SE, are actively exploring opportunities in reusable rocket technology to lower launch costs and increase profitability. Partnerships, like the one between ArianeGroup and CNES, are expected to further enhance market prospects, indicating a dynamic and evolving industry landscape.
Europe Satellite Manufacturing and Launch Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Satellite
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2.1.2 Launch Systems
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2.2 End-user
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2.2.1 Civil
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2.2.2 Commercial
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2.2.3 Military
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2.3 Geography
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2.3.1 Europe
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2.3.1.1 United Kingdom
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2.3.1.2 Germany
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2.3.1.3 France
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2.3.1.4 Russia
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2.3.1.5 Italy
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2.3.1.6 Rest of Europe
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Europe Satellite Manufacturing and Launch Systems Market Size FAQs
What is the current Europe Satellite Manufacturing and Launch Systems Market size?
The Europe Satellite Manufacturing and Launch Systems Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in Europe Satellite Manufacturing and Launch Systems Market?
ArianeGroup, Thales Group, OHB SE, Avio S.p.A. and GomSpace are the major companies operating in the Europe Satellite Manufacturing and Launch Systems Market.
