Market Share of North America Satellite Manufacturing and Launch Systems Industry
The North America satellite manufacturing and launch systems market is characterized by the presence of several players. However, the market is dominated by only a few players owing to their huge product offering. Since traditional satellite manufacturers are not the sole investors of the market in focus, a radical change in the market dynamics is anticipated to emerge. Hence, to retain their competitive edge, some satellite ventures have plans to manufacture space systems, payloads, or subsystems and components inhouse. For instance, in April 2019, OneWeb Satellites, a JV startup formed via the technological support from Airbus, announced its plans to build most of its 900 satellites inhouse at a new facility in Florida, the US. Similarly, ViaSat, a US-based Ka-Band HTS operator, is building payloads for its ViaSat-3 mission inhouse. Such developments are expected to alter the traditional business transaction between commercial satellite manufacturers and operators. Also, major technological shifts such as miniaturization, and the advent of reusable satellite launch vehicle systems would necessitate subsequent adaptation for seizing emerging market opportunities. Moreover, owing to the long R&D period associated with the satellite industry, some companies are exposed to certain risks associated with design responsibility, the development of new production tools, more capital and funding commitments, delivery schedules, and unique contractual requirements. These risks, if not resolved swiftly, can affect the financial status of the market players, and expose them to revenue fluctuations.
North America Satellite Manufacturing & Launch Systems Market Leaders
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ArianeGroup
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The Boeing Company
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Thales Group
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Space Exploration Technologies Corp.
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Lockheed Martin Corporation
*Disclaimer: Major Players sorted in no particular order
