A new market research study by Technavio on the global
satellite manufacturing and launch market projects the
market to grow at a CAGR of more than 4% during the period 2019-2023.
This research report provides an in-depth analysis of the market in
terms of revenue, top drivers, and emerging market trends. It also
includes detailed insights and forecasts for all the market segments
across different geographies.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190522005318/en/
Technavio has published a new market research report on the global satellite manufacturing and launch market from 2019-2023. (Graphic: Business Wire)
Increasing demand for satellite-based telemetry systems
Earth observation data is extensively is leveraged by users from various
domains such as surveyors, farmers, miners, fishers, engineers, and
other decision-makers to meet their business objectives. The earth
observation market can also expand the scope of the satellite telemetry
in domains such as defense, science, and R&D organizations and private
users. Satellite telemetry is also being used for military and defense
applications. For instance, the US government uses satellite telemetry
to provide satellite tracking, telemetry, and command to relevant users
through several ground-based antennas. Such an increase in demand for
satellite telemetry systems and the launch of new satellites will drive
the growth of the satellite manufacturing and launch market during the
forecast period.
Looking for more information on this market? Request
a free sample report
Technavio’s sample reports are free of charge and contain multiple
sections of the report, including the market size and forecast, drivers,
challenges, trends, and more.
Growing demand for miniaturization
The satellite manufacturing and launch market is witnessing a
significant increase in demand for miniaturized satellites.
Miniaturization is the most plausible solution for cost reduction while
ensuring delivery of predefined levels of performance. The platform mass
and cost of the satellite are proportional to the payload’s mass, power
requirements, and volume. Hence, any reduction would significantly
affect the cost. Moreover, besides cost, microsatellites can act as a
resource that will indirectly contribute to the functions of larger
satellites. Thus, the development of micro and nano-satellites is
expected to radically alter the market dynamics of the global satellite
manufacturing and launch market.
According to a senior analyst at Technavio, “Apart from the growing
trends of miniaturization, factors such as the increasing prevalence for
green propulsion technologies, and the rise in satellite-aided warfare
will have a significant impact on the growth of the satellite
manufacturing and launch market during the forecast period.”
Technological limitations and other vulnerabilities
Satellites are vulnerable to a number of cybersecurity threats. As most
satellites run on older versions of operating systems such as Windows
XP, it opens a technological gap that can be utilized by malicious
entities to disrupt the services provided by the satellites. Along with
the commercial satellites, the threat is likely to target military
satellite communication (SATCOM) systems. Such disruptive threats can
cause chaos and devastation at a global level. This is likely to affect
the growth of the satellite manufacturing and launch market during the
forecast period. However, developments in technology will enable
satellite manufacturers to mitigate these threats.
Top players in the global satellite manufacturing and launch market:
- Airbus SE
- Boeing
- Lockheed Martin Corp.
- Northrop Grumman Corp.
- Raytheon Co.
- Thales Group
Some of the key topics covered in the global
satellite manufacturing and launch market include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio
is a leading global technology research and advisory company. It
provides detailed market research reports that provide clients with
actionable insights to help them identify market opportunities and
design effective strategies to optimize their market position.
With over 500 specialized analysts, Technavio boasts of an extensive
report library comprising of over 10,000 reports, covering 800
technologies, spanning across 50 countries. Their client base consists
of enterprises of all sizes, including more than a hundred Fortune 500
companies. This growing client base relies on Technavio’s comprehensive
coverage, extensive research, and actionable market insights to identify
opportunities in existing and potential markets. Technavio helps
companies to assess their competitive position within changing market
scenarios.
If you are interested in more information, please contact our media team
at media@technavio.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190522005318/en/