Satellite Manufacturing Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Satellite Manufacturing Market is segmented by Application (Communication, Earth Observation, Navigation, Space Observation, Others), by Satellite Mass (10-100kg, 100-500kg, 500-1000kg, Below 10 Kg, above 1000kg), by Orbit Class (GEO, LEO, MEO), by End User (Commercial, Military & Government), by Satellite Subsystem (Propulsion Hardware and Propellant, Satellite Bus & Subsystems, Solar Array & Power Hardware, Structures, Harness & Mechanisms), by Propulsion Tech (Electric, Gas based, Liquid Fuel) and by Region (Asia-Pacific, Europe, North America). Market Value in USD is presented. Key Data Points observed include spending on space programs in USD by region; and, the count of satellite launches by satellite launch mass.

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Satellite Manufacturing Market Size

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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 244.93 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 389.69 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Orbit Class LEO
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 9.73 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region North America

Major Players

Satellite Manufacturing Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Satellite Manufacturing Market Analysis

The Satellite Manufacturing Market size is estimated at USD 244.93 billion in 2024, and is expected to reach USD 389.69 billion by 2029, growing at a CAGR of 9.73% during the forecast period (2024-2029).

244.93 Billion

Market Size in 2024 (USD)

389.69 Billion

Market Size in 2029 (USD)

13.38 %

CAGR (2017-2023)

9.73 %

CAGR (2024-2029)

Largest Market by Satellite Mass

65.83 %

value share, 100-500kg, 2022

Icon image

Minisatellites with expanded capacity for enterprise data (retail and banking), oil, gas, and mining, and governments in developed countries pose high demand. The demand for minisatellites with a LEO is increasing due to their expanded capacity.

Largest Market by Application

78.69 %

value share, Communication, 2022

Icon image

Governments, space agencies, defense agencies, private defense contractors, and private space industry players are emphasizing the enhancement of the communication network capabilities for various public and military reconnaissance applications.

Largest Market by Orbit Class

72.49 %

value share, LEO, 2022

Icon image

LEO satellites are increasingly being adopted in modern communication technologies as they play an important role in Earth observation applications.

Largest Market by Propulsion Tech

73.93 %

value share, Liquid Fuel, 2022

Because of its high efficiency, controllability, reliability, and long lifespan, liquid fuel-based propulsion technology is becoming an ideal choice for space missions. It can be used in various orbit classes for satellites.

Leading Market Player

53.10 %

market share, Space Exploration Technologies Corp., 2022

Icon image

SpaceX is the leading player in the global satellite launch vehicle market and maintains its market share globally through its Starlink project. The company produces 120 satellites per month.

LEO Satellites Segment is Expected to Lead the Market

  • A satellite or a spacecraft is usually placed into one of many special orbits around the Earth, or it can be launched into an interplanetary journey based on the application of a satellite. Out of the three orbits, namely Low Earth (LEO), Geostationary (GEO), and Medium Earth (MEO), it has been noted that LEO is the widely chosen one because of its proximity to the Earth.
  • Many weather and communication satellites tend to have high Earth orbits farthest from the surface. Satellites in medium Earth orbit include navigational and specialized satellites designed to monitor a specific area. Most science satellites, including NASA's Earth Observation System, are in low Earth orbit.
  • Different satellites manufactured and launched across all the regions have different applications. For instance, during 2017-2022, out of the 56 satellites launched in MEO, most were built for Navigation/Global Positioning purposes. Similarly, out of the 133 satellites in the GEO orbit, most were deployed for communication and earth observation purposes. Around 4,025+ LEO satellites, manufactured and launched, were owned by various countries across the globe.
  • The increasing use of satellites in areas such as electronic intelligence, earth science/meteorology, laser imaging, optical imaging, and meteorology is expected to drive the demand for the development of satellites during the forecast period.
Global Satellite Manufacturing Market

Growing demand for satellite services such as communications, navigation, and earth observation is aiding the market growth

  • The global satellite manufacturing market is a dynamic and rapidly changing industry that plays an important role in modern society. This industry includes companies that design, manufacture, and launch a wide range of satellites, from small cubes to large Earth observation and communication satellites.
  • The industry is driven by various factors, including growing demand for satellite services such as communications, navigation, and Earth observation, and increasing accessibility to space for public and private organizations. As a result, the industry has seen significant growth in recent years, with new players entering the market and established companies expanding their capabilities.
  • Satellite manufacturing is a complex process with many technologies, including advanced materials, electronics, and software. Companies in this field must have a deep understanding of these technologies and be able to integrate them into sophisticated systems that can withstand the harsh conditions of space. Major satellite manufacturers include Airbus Defense and Space, The Boeing Company, Lockheed Martin, and Thales Alenia Space.
  • North America and Europe are more established markets in the industry, while Asia-Pacific is a more lucrative market for growth opportunities. From 2017 to May 2022, around 4300 satellites were manufactured and launched globally. The global satellite manufacturing market is projected to grow and innovate as demand for satellite services grows and space access expands.

Global Satellite Manufacturing Market Trends

Cost-effectiveness and increased viability of small satellites leading to rise of satellite miniaturization

  • The ability of a small satellite to perform nearly all of the functions of a traditional satellite at a fraction of the cost of a traditional satellite has increased the viability of building, launching, and operating small satellite constellations. The demand in North America is primarily driven by the United States, which manufactures the largest number of small satellites annually. In North America, during 2017-2022, 580 nanosatellites were placed into orbit by various players in the region. Currently, NASA is involved in several projects aimed at developing these satellites.
  • The demand in Europe is primarily driven by Germany, France, Russia, and the United Kingdom, which manufacture the largest number of small satellites annually. During 2017-2022, more than 50 nano and microsatellites were placed into orbit by various players in the region. The miniaturization and commercialization of electronic components and systems have driven market participation, resulting in the emergence of new market players who aim to capitalize on and enhance the current market scenario. For instance, Open Cosmos, a UK-based startup, partnered with ESA to provide commercial nanosatellite launch services to end users while ensuring competitive cost-savings of around 90%.
  • The demand in Asia-Pacific is primarily driven by China, Japan, and India, which manufacture the largest number of small satellites annually. During 2017-2022, more than 190 nano and microsatellites were placed into orbit by various players in the region. China is investing significant resources toward augmenting its space-based capabilities. The country has launched the most significant number of nano and microsatellites in Asia-Pacific to date.
Global Satellite Manufacturing Market

Increased spending and rising investment opportunities are the major factors aiding the growth of satellite manufacturing

  • In North America, global government expenditure for space programs hit a record of approximately USD 103 billion in 2021. The region is the epicenter of space innovation and research, with the presence of the world’s biggest space agency, NASA. In 2022, the US government spent nearly USD 62 billion on its space programs, making it the highest spender on space in the world. In the United States, federal agencies receive annual funding from Congress worth USD 32.33 billion for their subsidiaries.
  • Additionally, European countries are recognizing the importance of various investments in the space domain and are increasing their spending on space activities and innovation to stay competitive and innovative in the global space industry. For instance, in November 2022, ESA announced that it had proposed a 25% boost in space funding over the next three years designed to maintain Europe’s lead in Earth observation, expand navigation services, and remain a partner in exploration with the United States. The European Space Agency (ESA) asked its 22 nations to back a budget of around EUR 18.5 billion for 2023-2025. Germany, France, and Italy are the major contributors.
  • Considering the increase in space-related activities in the Asia-Pacific region, in 2022, according to the draft budget of Japan, the space budget of the country was over USD 1.4 billion, which included the development of the H3 rocket, Engineering Test Satellite-9, and the nation’s Information Gathering Satellite (IGS) program. Similarly, the proposed budget for India’s space programs for FY 2022 was USD 1.83 billion. In 2022, South Korea’s Ministry of Science and ICT announced a space budget of USD 619 million for manufacturing satellites, rockets, and other key space equipment.
Global Satellite Manufacturing Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Nano and minisatellites are poised to create the demand in the market

Satellite Manufacturing Industry Overview

The Satellite Manufacturing Market is fairly consolidated, with the top five companies occupying 90.13%. The major players in this market are Airbus SE, China Aerospace Science and Technology Corporation (CASC), Lockheed Martin Corporation, Maxar Technologies Inc. and Space Exploration Technologies Corp. (sorted alphabetically).

Satellite Manufacturing Market Leaders

  1. Airbus SE

  2. China Aerospace Science and Technology Corporation (CASC)

  3. Lockheed Martin Corporation

  4. Maxar Technologies Inc.

  5. Space Exploration Technologies Corp.

Satellite Manufacturing Market Concentration

Other important companies include AAC Clyde Space, Leidos, Mitsubishi Heavy Industries, Northrop Grumman Corporation, Sierra Nevada Corporation, Thales, The Boeing Company.

*Disclaimer: Major Players sorted in alphabetical order.

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Satellite Manufacturing Market News

  • November 2023: Thales Alenia Space signed a contract with Inmarsat for the construction of Inmarsat-5 satellite. The satellite was launched aboard Ariane-5ECA
  • June 2023: Thales Alenia Space built Inmarsat S-band / Hellas Sat 3 telecommunication satellite, has been launched from French Guyana and launched by Ariane 5 rocket. This condominium satellite for Inmarsat and Hellas Sat will provide Mobile Satellite Services (MSS), Fixed Satellite Services (FSS) and Broadcast Satellite Services (BSS).
  • March 2023: AAC Clyde Space has won a USD2.3 million satellite subsystem order from a US development company for spacecraft and multi-mission systems.

Free with this Report

We offer a comprehensive set of global and local metrics that illustrate the fundamentals of the satellites industry. Clients can access in-depth market analysis of various satellites and launch vehicles through granular level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on satellite launches, satellite mass, application of satellites, spending on space programs, propulsion systems, end users, etc., are available in the form of comprehensive reports as well as excel based data worksheets.

Satellite Manufacturing Market
Satellite Manufacturing Market
Satellite Manufacturing Market
Satellite Manufacturing Market

Satellite Manufacturing Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Satellite Miniaturization
  • 4.2 Satellite Mass
  • 4.3 Spending On Space Programs
  • 4.4 Regulatory Framework
    • 4.4.1 Global
    • 4.4.2 Australia
    • 4.4.3 Brazil
    • 4.4.4 Canada
    • 4.4.5 China
    • 4.4.6 France
    • 4.4.7 Germany
    • 4.4.8 India
    • 4.4.9 Iran
    • 4.4.10 Japan
    • 4.4.11 New Zealand
    • 4.4.12 Russia
    • 4.4.13 Singapore
    • 4.4.14 South Korea
    • 4.4.15 United Arab Emirates
    • 4.4.16 United Kingdom
    • 4.4.17 United States
  • 4.5 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)

  • 5.1 Application
    • 5.1.1 Communication
    • 5.1.2 Earth Observation
    • 5.1.3 Navigation
    • 5.1.4 Space Observation
    • 5.1.5 Others
  • 5.2 Satellite Mass
    • 5.2.1 10-100kg
    • 5.2.2 100-500kg
    • 5.2.3 500-1000kg
    • 5.2.4 Below 10 Kg
    • 5.2.5 above 1000kg
  • 5.3 Orbit Class
    • 5.3.1 GEO
    • 5.3.2 LEO
    • 5.3.3 MEO
  • 5.4 End User
    • 5.4.1 Commercial
    • 5.4.2 Military & Government
    • 5.4.3 Other
  • 5.5 Satellite Subsystem
    • 5.5.1 Propulsion Hardware and Propellant
    • 5.5.2 Satellite Bus & Subsystems
    • 5.5.3 Solar Array & Power Hardware
    • 5.5.4 Structures, Harness & Mechanisms
  • 5.6 Propulsion Tech
    • 5.6.1 Electric
    • 5.6.2 Gas based
    • 5.6.3 Liquid Fuel
  • 5.7 Region
    • 5.7.1 Asia-Pacific
    • 5.7.1.1 By Country
    • 5.7.1.1.1 Australia
    • 5.7.1.1.2 China
    • 5.7.1.1.3 India
    • 5.7.1.1.4 Japan
    • 5.7.1.1.5 New Zealand
    • 5.7.1.1.6 Singapore
    • 5.7.1.1.7 South Korea
    • 5.7.2 Europe
    • 5.7.2.1 By Country
    • 5.7.2.1.1 France
    • 5.7.2.1.2 Germany
    • 5.7.2.1.3 Russia
    • 5.7.2.1.4 United Kingdom
    • 5.7.3 North America
    • 5.7.3.1 By Country
    • 5.7.3.1.1 Canada
    • 5.7.3.1.2 United States
    • 5.7.4 Rest of World
    • 5.7.4.1 By Country
    • 5.7.4.1.1 Brazil
    • 5.7.4.1.2 Iran
    • 5.7.4.1.3 Saudi Arabia
    • 5.7.4.1.4 United Arab Emirates
    • 5.7.4.1.5 Rest of World

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
    • 6.4.1 AAC Clyde Space
    • 6.4.2 Airbus SE
    • 6.4.3 China Aerospace Science and Technology Corporation (CASC)
    • 6.4.4 Leidos
    • 6.4.5 Lockheed Martin Corporation
    • 6.4.6 Maxar Technologies Inc.
    • 6.4.7 Mitsubishi Heavy Industries
    • 6.4.8 Northrop Grumman Corporation
    • 6.4.9 Sierra Nevada Corporation
    • 6.4.10 Space Exploration Technologies Corp.
    • 6.4.11 Thales
    • 6.4.12 The Boeing Company

7. KEY STRATEGIC QUESTIONS FOR SATELLITE CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter's Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. MINIATURE SATELLITES (BELOW 10KG), NUMBER OF LAUNCHES, GLOBAL, 2017 - 2022
  1. Figure 2:  
  2. SATELLITE MASS (ABOVE 10KG) GLOBALLY, NUMBER OF SATELLITES LAUNCHED, GLOBAL, 2017 - 2022
  1. Figure 3:  
  2. SPENDING ON SPACE PROGRAMS GLOBALLY, USD, GLOBAL, 2017 - 2022
  1. Figure 4:  
  2. GLOBAL SATELLITE MANUFACTURING MARKET, VALUE, USD, 2017 - 2029
  1. Figure 5:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, USD, GLOBAL, 2017 - 2029
  1. Figure 6:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 7:  
  2. VALUE OF COMMUNICATION MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 8:  
  2. VALUE OF EARTH OBSERVATION MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 9:  
  2. VALUE OF NAVIGATION MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 10:  
  2. VALUE OF SPACE OBSERVATION MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 11:  
  2. VALUE OF OTHERS MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 12:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET BY SATELLITE MASS, USD, GLOBAL, 2017 - 2029
  1. Figure 13:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY SATELLITE MASS, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 14:  
  2. VALUE OF 10-100KG MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 15:  
  2. VALUE OF 100-500KG MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF 500-1000KG MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 17:  
  2. VALUE OF BELOW 10 KG MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 18:  
  2. VALUE OF ABOVE 1000KG MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 19:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET BY ORBIT CLASS, USD, GLOBAL, 2017 - 2029
  1. Figure 20:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY ORBIT CLASS, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 21:  
  2. VALUE OF GEO MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF LEO MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 23:  
  2. VALUE OF MEO MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 24:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET BY END USER, USD, GLOBAL, 2017 - 2029
  1. Figure 25:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY END USER, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 26:  
  2. VALUE OF COMMERCIAL MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 27:  
  2. VALUE OF MILITARY & GOVERNMENT MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 28:  
  2. VALUE OF OTHER MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 29:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET BY SATELLITE SUBSYSTEM, USD, GLOBAL, 2017 - 2029
  1. Figure 30:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY SATELLITE SUBSYSTEM, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 31:  
  2. VALUE OF PROPULSION HARDWARE AND PROPELLANT MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 32:  
  2. VALUE OF SATELLITE BUS & SUBSYSTEMS MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 33:  
  2. VALUE OF SOLAR ARRAY & POWER HARDWARE MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 34:  
  2. VALUE OF STRUCTURES, HARNESS & MECHANISMS MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 35:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET BY PROPULSION TECH, USD, GLOBAL, 2017 - 2029
  1. Figure 36:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY PROPULSION TECH, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 37:  
  2. VALUE OF ELECTRIC MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 38:  
  2. VALUE OF GAS BASED MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 39:  
  2. VALUE OF LIQUID FUEL MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 40:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET BY REGION, USD, GLOBAL, 2017 - 2029
  1. Figure 41:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY REGION, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 42:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 43:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 44:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, AUSTRALIA, 2017 - 2029
  1. Figure 45:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, AUSTRALIA, 2017 - 2022
  1. Figure 46:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, CHINA, 2017 - 2029
  1. Figure 47:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, CHINA, 2017 - 2022
  1. Figure 48:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, INDIA, 2017 - 2029
  1. Figure 49:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, INDIA, 2017 - 2022
  1. Figure 50:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, JAPAN, 2017 - 2029
  1. Figure 51:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, JAPAN, 2017 - 2022
  1. Figure 52:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, NEW ZEALAND, 2017 - 2029
  1. Figure 53:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, NEW ZEALAND, 2017 - 2022
  1. Figure 54:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, SINGAPORE, 2017 - 2029
  1. Figure 55:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, SINGAPORE, 2017 - 2022
  1. Figure 56:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, SOUTH KOREA, 2017 - 2029
  1. Figure 57:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, SOUTH KOREA, 2017 - 2022
  1. Figure 58:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET BY COUNTRY, USD, EUROPE, 2017 - 2029
  1. Figure 59:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY COUNTRY, %, EUROPE, 2017 VS 2023 VS 2029
  1. Figure 60:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, FRANCE, 2017 - 2029
  1. Figure 61:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, FRANCE, 2017 - 2022
  1. Figure 62:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, GERMANY, 2017 - 2029
  1. Figure 63:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, GERMANY, 2017 - 2022
  1. Figure 64:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, RUSSIA, 2017 - 2029
  1. Figure 65:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, RUSSIA, 2017 - 2022
  1. Figure 66:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, UNITED KINGDOM, 2017 - 2029
  1. Figure 67:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, UNITED KINGDOM, 2017 - 2022
  1. Figure 68:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 69:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 70:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, CANADA, 2017 - 2029
  1. Figure 71:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, CANADA, 2017 - 2022
  1. Figure 72:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, UNITED STATES, 2017 - 2029
  1. Figure 73:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, UNITED STATES, 2017 - 2022
  1. Figure 74:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET BY COUNTRY, USD, REST OF WORLD, 2017 - 2029
  1. Figure 75:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY COUNTRY, %, REST OF WORLD, 2017 VS 2023 VS 2029
  1. Figure 76:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, BRAZIL, 2017 - 2029
  1. Figure 77:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, BRAZIL, 2017 - 2022
  1. Figure 78:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, IRAN, 2017 - 2029
  1. Figure 79:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, IRAN, 2017 - 2022
  1. Figure 80:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, SAUDI ARABIA, 2017 - 2029
  1. Figure 81:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, SAUDI ARABIA, 2017 - 2022
  1. Figure 82:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 83:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, UNITED ARAB EMIRATES, 2017 - 2022
  1. Figure 84:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, REST OF WORLD, 2017 - 2029
  1. Figure 85:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, REST OF WORLD, 2017 - 2022
  1. Figure 86:  
  2. NUMBER OF STRATEGIC MOVES OF MOST ACTIVE COMPANIES, GLOBAL SATELLITE MANUFACTURING MARKET, ALL, 2017 - 2029
  1. Figure 87:  
  2. TOTAL NUMBER OF STRATEGIC MOVES OF COMPANIES, GLOBAL SATELLITE MANUFACTURING MARKET, ALL, 2017 - 2029
  1. Figure 88:  
  2. MARKET SHARE OF GLOBAL SATELLITE MANUFACTURING MARKET, %, ALL, 2022

Satellite Manufacturing Industry Segmentation

Communication, Earth Observation, Navigation, Space Observation, Others are covered as segments by Application. 10-100kg, 100-500kg, 500-1000kg, Below 10 Kg, above 1000kg are covered as segments by Satellite Mass. GEO, LEO, MEO are covered as segments by Orbit Class. Commercial, Military & Government are covered as segments by End User. Propulsion Hardware and Propellant, Satellite Bus & Subsystems, Solar Array & Power Hardware, Structures, Harness & Mechanisms are covered as segments by Satellite Subsystem. Electric, Gas based, Liquid Fuel are covered as segments by Propulsion Tech. Asia-Pacific, Europe, North America are covered as segments by Region.

  • A satellite or a spacecraft is usually placed into one of many special orbits around the Earth, or it can be launched into an interplanetary journey based on the application of a satellite. Out of the three orbits, namely Low Earth (LEO), Geostationary (GEO), and Medium Earth (MEO), it has been noted that LEO is the widely chosen one because of its proximity to the Earth.
  • Many weather and communication satellites tend to have high Earth orbits farthest from the surface. Satellites in medium Earth orbit include navigational and specialized satellites designed to monitor a specific area. Most science satellites, including NASA's Earth Observation System, are in low Earth orbit.
  • Different satellites manufactured and launched across all the regions have different applications. For instance, during 2017-2022, out of the 56 satellites launched in MEO, most were built for Navigation/Global Positioning purposes. Similarly, out of the 133 satellites in the GEO orbit, most were deployed for communication and earth observation purposes. Around 4,025+ LEO satellites, manufactured and launched, were owned by various countries across the globe.
  • The increasing use of satellites in areas such as electronic intelligence, earth science/meteorology, laser imaging, optical imaging, and meteorology is expected to drive the demand for the development of satellites during the forecast period.
Application Communication
Earth Observation
Navigation
Space Observation
Others
Satellite Mass 10-100kg
100-500kg
500-1000kg
Below 10 Kg
above 1000kg
Orbit Class GEO
LEO
MEO
End User Commercial
Military & Government
Other
Satellite Subsystem Propulsion Hardware and Propellant
Satellite Bus & Subsystems
Solar Array & Power Hardware
Structures, Harness & Mechanisms
Propulsion Tech Electric
Gas based
Liquid Fuel
Region Asia-Pacific By Country Australia
China
India
Japan
New Zealand
Singapore
South Korea
Region Europe By Country France
Germany
Russia
United Kingdom
Region North America By Country Canada
United States
Region Rest of World By Country Brazil
Iran
Saudi Arabia
United Arab Emirates
Rest of World
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Market Definition

  • Application - Various applications or purposes of the satellites are classified into communication, earth observation, space observation, navigation, and others. The purposes listed are those self-reported by the satellite’s operator.
  • End User - The primary users or end users of the satellite is described as civil (academic, amateur), commercial, government (meteorological, scientific, etc.), military. Satellites can be multi-use, for both commercial and military applications.
  • Launch Vehicle MTOW - The launch vehicle MTOW (maximum take-off weight) means the maximum weight of the launch vehicle during take-off, including the weight of payload, equipment and fuel.
  • Orbit Class - The satellite orbits are divided into three broad classes namely GEO, LEO, and MEO. Satellites in elliptical orbits have apogees and perigees that differ significantly from each other and categorized satellite orbits with eccentricity 0.14 and higher as elliptical.
  • Propulsion tech - Under this segment, different types of satellite propulsion systems have been classified as electric, liquid-fuel and gas-based propulsion systems.
  • Satellite Mass - Under this segment, different types of satellite propulsion systems have been classified as electric, liquid-fuel and gas-based propulsion systems.
  • Satellite Subsystem - All the components and subsystems which includes propellants, buses, solar panels, other hardware of satellites are included under this segment.
Keyword Definition
Attitude Control The orientation of the satellite relative to the Earth and the sun.
INTELSAT The International Telecommunications Satellite Organization operates a network of satellites for international transmission.
Geostationary Earth Orbit (GEO) Geostationary satellites in Earth orbit 35,786 km (22,282 mi) above the equator in the same direction and at the same speed as the earth rotates on its axis, making them appear fixed in the sky.
Low Earth Orbit (LEO) Low Earth Orbit satellites orbit from 160-2000km above the earth, take approximately 1.5 hours for a full orbit and only cover a portion of the earth’s surface.
Medium Earth Orbit (MEO) MEO satellites are located above LEO and below GEO satellites and typically travel in an elliptical orbit over the North and South Pole or in an equatorial orbit.
Very Small Aperture Terminal (VSAT) Very Small Aperture Terminal is an antenna that is typically less than 3 meters in diameter
CubeSat CubeSat is a class of miniature satellites based on a form factor consisting of 10 cm cubes. CubeSats weigh no more than 2 kg per unit and typically use commercially available components for their construction and electronics. 
Small Satellite Launch Vehicles (SSLVs) Small Satellite Launch Vehicle (SSLV) is a three-stage Launch Vehicle configured with three Solid Propulsion Stages and a liquid propulsion-based Velocity Trimming Module (VTM) as a terminal stage
Space Mining Asteroid mining is the hypothesis of extracting material from asteroids and other asteroids, including near-Earth objects.
Nano Satellites Nanosatellites are loosely defined as any satellite weighing less than 10 kilograms.
Automatic Identification System (AIS) Automatic identification system (AIS) is an automatic tracking system used to identify and locate ships by exchanging electronic data with other nearby ships, AIS base stations, and satellites. Satellite AIS (S-AIS) is the term used to describe when a satellite is used to detect AIS signatures.
Reusable launch vehicles (RLVs) Reusable launch vehicle (RLV) means a launch vehicle that is designed to return to Earth substantially intact and therefore may be launched more than one time or that contains vehicle stages that may be recovered by a launch operator for future use in the operation of a substantially similar launch vehicle.
Apogee The point in an elliptical satellite orbit which is farthest from the surface of the earth. Geosynchronous satellites which maintain circular orbits around the earth are first launched into highly elliptical orbits with apogees of 22,237 miles.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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Satellite Manufacturing Market Research FAQs

The Satellite Manufacturing Market size is expected to reach USD 244.93 billion in 2024 and grow at a CAGR of 9.73% to reach USD 389.69 billion by 2029.

In 2024, the Satellite Manufacturing Market size is expected to reach USD 244.93 billion.

Airbus SE, China Aerospace Science and Technology Corporation (CASC), Lockheed Martin Corporation, Maxar Technologies Inc. and Space Exploration Technologies Corp. are the major companies operating in the Satellite Manufacturing Market.

In the Satellite Manufacturing Market, the LEO segment accounts for the largest share by orbit class.

In 2024, North America accounts for the largest share by region in the Satellite Manufacturing Market.

In 2023, the Satellite Manufacturing Market size was estimated at USD 218.08 billion. The report covers the Satellite Manufacturing Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Satellite Manufacturing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Satellite Manufacturing Industry Report

Statistics for the 2024 Satellite Manufacturing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Satellite Manufacturing analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Satellite Manufacturing Market Report Snapshots

Satellite Manufacturing Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

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