세계의 위성 제조·발사 시스템 시장 규모는 2024-2031년의 예측 기간 중 12.01%의 CAGR로 확대하며, 2023년 250억 3,000만 달러에서 2031년에는 620억 3,000만 달러로 성장할 것으로 예측됩니다.
우주 프로그램은 경제를 지탱하고 변화시키는 데 필수적인 역할을 해왔습니다. 중요한 통신 및 항법 네트워크는 궤도 위성을 통해 운영되기 때문에 각국은 위성 제조 및 발사 시스템에 투자하고 있습니다. 최근 들어 저비용과 높은 기동성으로 인해 소형 위성 및 큐브 위성의 채택이 급증하고 있습니다.
로켓에 동력을 공급하는 또 다른 발전 추세는 다양한 유형의 연료를 사용하는 것입니다. 여기에는 액화천연가스, 메탄, 고도로 정제된 케로신(RP-1)과 같은 액체 추진제가 포함됩니다.
첨단 위성 발사 기술은 용량이 확대된 소형 위성에 의해 지원되고 있습니다. 또한 작고 가볍고 비용 효율적인 위성에 대한 수요가 증가하고 있습니다. 이러한 위성은 빠른 처리 시간(TAT) 내에 지구 이미징 및 과학 임무에 사용되고 있습니다. 많은 은행과 금융기관은 더 나은 업무를 위해 통신 위성을 설치하고 있습니다. 초소형 위성과 큐브샛의 출현으로 위성의 개발 및 제조 기간이 단축되고 있습니다. 탐사 및 관측 증가로 인한 위성 기술 소비 증가는 발사 시스템을 변화시키고 있습니다. 인공지능(AI)과 머신러닝(ML)의 활용은 데이터 처리 기술을 강화하여 우주 트래픽을 증가시키고 있습니다. 이러한 요소들은 위성 데이터 분석에 있으며, 매우 중요한 역할을 하고 있습니다.
세계의 위성 제조·발사 시스템 시장에 대해 조사했으며, 시장 개요와 유형별, 궤도 클래스별, 발사체별, 위성 서브시스템별, 용도별, 최종사용자별, 지역별 동향 및 시장에 참여하는 기업의 개요 등을 제공하고 있습니다.
Global satellite manufacturing and launch system market is projected to witness a CAGR of 12.01% during the forecast period 2024-2031, growing from USD 25.03 billion in 2023 to USD 62.03 billion in 2031.
Space programs have played an essential role in supporting and transforming economies. As significant communication and navigation networks operate through orbital satellites, nations are investing in satellite manufacturing and launch systems. The recent trend shows a spike in the adoption of minisatellites and cube satellites due to lower cost and higher mobility. For instance, NASA Ames launched 16 CubeSats in December 2006. Furthermore, the entrance of private players in space exploration and communication technology is expanding the market size. Some players are emerging as an alternative with reusable rockets and launching technology.
Another evolving trend in supplying power to the rocket is using different fuel types. It includes liquid propellants such as liquefied natural gas, methane, and highly refined kerosene (RP-1). For instance, China's Landscape Technology Corporation launched the world's first methane-propelled rocket named Zhuque-2 in July 2023, while it delivered three satellites in December. Methane propulsion holds advantages such as lower cost of production, less coking, higher specific impulse, and less complex ignition. The government is setting up research programs to advance satellite manufacturing and promote innovative and efficient launch ideas.
Miniaturization and Nanosatellite to Deliver Opportunities for Space Exploration
The advanced satellite launching technology is powered by small-sized satellites with expanded capacity. Furthermore, compact, lightweight, and cost-effective satellites are in high demand. These satellites are being used for earth imaging and science missions within a quick turn-around time (TAT). Many banking and finance players are setting up their communication satellites for better operations. The advent of nanosatellites or CubeSats has shortened the development and production of satellites. The increased consumption of satellite technology due to increased exploration and observation is transforming the launch system. The utilization of artificial intelligence (AI) and machine learning (ML) has increased space traffic with enhanced data processing technology. These components play a pivotal role in satellite data interpretation.
For instance, space exploration giant SpaceX launched 22 Starlink V2 mini-satellites into orbit. The Falcon 9 rocket carried these mini satellites, which are powerful versions of its earlier Starlink spacecraft. The company has fitted these satellites with hall thruster electric propulsion systems. SpaceX used its reusable Falcon 9 rocket for the launch. Its first-stage booster returned to the Atlantic Ocean.
Another example is the Indian Space Research Organization (ISRO) launching JANUS-1, a software-defined 6U demonstration satellite, in February 2023. The satellite was created entirely on the Antaris software platform within ten months. Furthermore, several payload and subsystem providers around the globe are a part of the mission.
Increased Space Tourism and Advanced Propulsion Tech to Gain Traction in the Market
High-speed global connectivity is thriving upon new communicative measures. New space tourism programs require better space imaging information, so companies structured their payloads and space exploration satellites in various orbits. Space tourism and exploration are expected to push the boundaries of satellite technology and unlock potential around the space ecosystem. The integration of artificial technology, improved space data collection, and increased shelf life are at the center point of satellite manufacturing. From launching systems to sub-systems, the innovation in propulsion is shaping the future satellite launch programs. It allows miniaturized satellites to function in lower orbitals, limiting the overall cost. Furthermore, more powerful satellites and launch systems are driving the satellite manufacturing and launch system market growth.
In December 2023, Blue Origin successfully launched its New Shepard rocket with an uncrewed manifest of 33 NASA scientific payloads. The payloads include components that will study the orbits and deliver better information to help the space exploration program, which will enable humans to travel in space.
Winning the Space Race with Affordable Costs, Greener Fuel, and Successful Satellite Launchers
Cost-effective usage of green fuel and upcoming innovative ideas have enabled governments to invest in the space race. The technologically driven world depends upon satellite communication technology. Emerging economies, such as India and China, are hopping on the space ladder with innovative technology and alternative fuels. The private space sector across the globe is getting investment through governments as they build new launching satellites and launch systems. In May 2023, the government of India announced its space policy in 2023. The objective of the policy is to create a supportive regulatory framework for the promotion of private involvement in all-encompassing space activities. With the implementation of the policy, Indian consumers can purchase space technology or space services, such as communication services, remote sensing services, data launch services, etc., from private or public sources.
Apart from communications and earth observation, governments across the globe use these satellites for defense applications such as surveillance satellites. For instance, China added another surveillance satellite, Yaogan to its orbital fleet in September 2023. The satellite is expected to be a radar reconnaissance satellite with an undisclosed payload.
Improved Internet to Contribute Toward Communication Segment Dominance
Based on application type, the communication application of satellites dominates the market share. The communication satellite segment performs significantly well during the forecast period. Increasing demand for internet services due to high data transmission speeds has led to an increase in the number of communication satellites deployed in low earth orbit (LEO). The military surveillance segment is expected to gain traction throughout the forecast period. The segment is driven by the increasing emphasis on extending satellite networks to enhance military surveillance in developing countries such as China and India.
For instance, in January 2024, ISRO announced its partnership with United States SpaceX to launch its GSAT-20 communication satellite. The satellite weighs 4,700 kg and has been loaded with a Ka-Ka band and a high throughput capacity of 32 beams. ISRO has chosen SpaceX's Falcon 9 rocket for launch in August 2024. The satellite is expected to cover Pan-India along with the unconnected areas of Jammu and Kashmir and Lakshadweep Island.
Private Partnerships and Government Investments to Flourish the North American Market
North America holds a significant share of the global satellite manufacturing and launch system market. The United States has always been a leader in the space race. The growth is attributed to high investments in privately owned space companies. These companies work on reusable, sustainable, and affordable satellite technologies. For instance, in June 2023, the National Aeronautics and Space Administration declared its partnership with seven United States private companies, including SpaceX, Blue Origin, and Northrop Grumman. The partnership is expected to focus on helping these organizations with low-earth orbit space missions. In May 2023, A Blue Origin-led team won a USD 3.4 billion contracts from NASA to construct a spacecraft to transport and land on the moon. NASA's selection of Blue Origin is expected to give the company a second chance to send astronauts to the moon under the Artemis program. Developments like these are helping many startups that work for satellite technology and launch systems.
Key Players Landscape and Outlook
The satellite manufacturing and launch system market holds potential for new entrants, while established key players focus on enhancing the supply chain and technological advancements. The competitors experiment with satellite size, fuel, propulsion, and network bandwidths. Furthermore, brands commence government projects efficiently. It involves satellite manufacturing, deployment, subsystem development, and launching operations. An edge-to-edge competition can be witnessed between more space-prominent exploration companies for taking government projects. The companies work on low-carbon aviation, autonomous controls, and different components of the fourth industrial revolution. For instance, SpaceX uses an AI-enabled autopilot that guides the satellite for autonomous operations such as docking with the International Space Station.
In August 2023, Lockheed Martin Corporation received a firm-fixed-price agreement valued at around USD 816 million from the Space Development Agency (SDA). The agreement involved building 36 tranches and 2 transport layer (T2TL) Beta satellites. T2TL is part of an extension plan that enhances deterrence with highly resilient space structures. The communication network satellite is structured for beyond-line-of-sight (BLOS) targeting, advanced missile detection and tracking, and data transport.
In January 2023, Airbus SAS tied contact with the Belgian Ministry of Defense to deliver tactical satellite communication services to Belgian armed forces for a contract period of 15 years. Airbus-built commercial telecommunications satellite will be used by the Belgian Armed Forces through channels provided by the Air Force's payload on board for commercial telecommunications satellite.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work