Product Code: GVR-4-68040-314-7
Satellite Manufacturing Market Growth & Trends:
The global satellite manufacturing market size is anticipated to reach USD 57,181.0 million in 2030 and is projected to grow at a CAGR of 16.1% from 2025 to 2030 The market is undergoing substantial growth primarily owing to increasing demand for satellites for research & development activities and various applications across industries. Several industries, including mining, construction, oil & gas, energy & utilities, agriculture, transportation, etc., are adopting satellite communication solutions to monitor on-site operations and conduct research activities remotely. For instance, geostationary satellites are extremely useful in weather monitoring as they provide a constant view of the same surface area of the earth. Such important applications are substantiating the market growth.
The considerable rise in the number of space exploration activities leading to increased demand for efficient infrastructure for manufacturing satellites and other equipment is creating lucrative growth opportunities for the global market. Several leading manufacturers are taking profound steps to strengthen their infrastructure and production capabilities to cater to the rising demand. For instance, in November 2023, Thales Alenia Space, a joint venture between Thales and Leonardo, launched its project to construct the Space Smart Factory in Europe. This facility is one of the biggest reconfigurable and digital facilities in the region and will join the interconnected space factories in Italy, leveraging advanced technologies to develop satellites for applications.
The expansion of the market is being further expedited by supportive government initiatives to collaborate with private players operating in space technology. For instance, in January 2024, Maxar Technologies received a contract to deliver a Precision3DTM Data Suite bundle to the National Geospatial-Intelligence Agency covering 160,000 square kilometers within the U.S. Indo-Pacific Command area of responsibility. Such initiatives are expected to transform the market outlook over the upcoming years.
Satellite Manufacturing Market Report Highlights:
- The low earth orbit (LEO) segment accounted for the largest market share of over 56% in 2024, driven by factors such as the increasing demand for earth observation and satellite-based services.
- The medium-sized satellites segment accounted for the largest market share in 2024, owing to the growing demand for versatile communication and monitoring services
- The commercial segment accounted for the largest market share in 2024, owing to the increasing demand for satellite-based services across various sectors, including telecommunications, Earth observation, and internet connectivity
- Satellites play a key role in facilitating secure and reliable communication between military units, command centers, and allied forces, even in remote or hostile environments
- North America dominated the market with a revenue share of over 53% in 2024, driven by increasing demand for speed communications, national security needs, and advancements in earth observation technologies.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.2.1. Information analysis
- 1.2.2. Market formulation & data visualization
- 1.2.3. Data validation & publishing
- 1.3. Research Scope and Assumptions
- 1.3.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Satellite Manufacturing Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Market Opportunities Analysis
- 3.2.4. Market Challenges Analysis
- 3.3. Satellite Manufacturing Market Analysis Tools
- 3.3.1. Component Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
Chapter 4. Satellite Manufacturing Market: Category Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Satellite Manufacturing Market: Category Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Low Earth Orbit (LEO)
- 4.3.1. Low Earth Orbit (LEO) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Medium Earth Orbit (MEO)
- 4.4.1. Medium Earth Orbit (MEO) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Geostationary orbit (GEO)
- 4.5.1. Geostationary orbit (GEO) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Others
- 4.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Satellite Manufacturing Market: Mass Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Satellite Manufacturing Market: Mass Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. Large Satellites
- 5.3.1. Large Satellites Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Medium-Sized Satellites
- 5.4.1. Medium-Sized Satellites Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Nano Satellites
- 5.5.1. Nano Satellites Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Others
- 5.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Satellite Manufacturing Market: Type of Business Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Satellite Manufacturing Market: Type of Business Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. Government
- 6.3.1. Government Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Commercial
- 6.4.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Satellite Manufacturing Market: Application Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Satellite Manufacturing Market: Application Movement Analysis, 2024 & 2030 (USD Million)
- 7.3. Communication
- 7.3.1. Communication Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Earth Observation and Remote Sensing
- 7.4.1. Earth Observation and Remote Sensing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Navigation
- 7.5.1. Navigation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Research and Development
- 7.6.1. Research and Development Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7. Military Surveillance
- 7.7.1. Military Surveillance Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.8. Others
- 7.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Satellite Manufacturing Market Share, By Region, 2024 & 2030 (USD Million)
- 8.1. North America
- 8.1.1. North America Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.1.2. U.S.
- 8.1.2.1. U.S. Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.1.3. Canada
- 8.1.3.1. Canada Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.1.4. Mexico
- 8.1.4.1. Mexico Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2. Europe
- 8.2.1. Europe Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. UK
- 8.2.2.1. UK Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Germany
- 8.2.3.1. Germany Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.4. France
- 8.2.4.1. France Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.5. Italy
- 8.2.5.1. Italy Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.6. Spain
- 8.2.6.1. Spain Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.7. Russia
- 8.2.7.1. Russia Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3. Asia Pacific
- 8.3.1. Asia Pacific Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. China
- 8.3.2.1. China Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Japan
- 8.3.3.1. Japan Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. India
- 8.3.4.1. India Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.5. South Korea
- 8.3.5.1. South Korea Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.6. Australia
- 8.3.6.1. Australia Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4. Latin America
- 8.4.1. Latin America Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. Brazil
- 8.4.2.1. Brazil Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5. Middle East and Africa
- 8.5.1. Middle East and Africa Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. UAE
- 8.5.2.1. UAE Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.3. Saudi Arabia
- 8.5.3.1. Saudi Arabia Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.4. South Africa
- 8.5.4.1. South Africa Satellite Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Positioning
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles/Listing
- 9.4.1. Airbus SE
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Strategic Initiatives
- 9.4.2. ArianeGroup
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Strategic Initiatives
- 9.4.3. Azista BST Aerospace
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Strategic Initiatives
- 9.4.4. The Boeing Company
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Strategic Initiatives
- 9.4.5. Dhruva Space Private Limited
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Strategic Initiatives
- 9.4.6. Gilmour Space Technologies
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Strategic Initiatives
- 9.4.7. INVAP
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Strategic Initiatives
- 9.4.8. Lockheed Martin Corporation
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Strategic Initiatives
- 9.4.9. Maxar Technologies Inc
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Strategic Initiatives
- 9.4.10. Mitsubishi Electric Corporation
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Strategic Initiatives
- 9.4.11. Northrop Grumman
- 9.4.11.1. Participant's Overview
- 9.4.11.2. Financial Performance
- 9.4.11.3. Product Benchmarking
- 9.4.11.4. Strategic Initiatives
- 9.4.12. RTX Corporation
- 9.4.12.1. Participant's Overview
- 9.4.12.2. Financial Performance
- 9.4.12.3. Product Benchmarking
- 9.4.12.4. Strategic Initiatives
- 9.4.13. Sierra Nevada Corporation
- 9.4.13.1. Participant's Overview
- 9.4.13.2. Financial Performance
- 9.4.13.3. Product Benchmarking
- 9.4.13.4. Strategic Initiatives
- 9.4.14. SpaceX
- 9.4.14.1. Participant's Overview
- 9.4.14.2. Financial Performance
- 9.4.14.3. Product Benchmarking
- 9.4.14.4. Strategic Initiatives
- 9.4.15. Thales Group
- 9.4.15.1. Participant's Overview
- 9.4.15.2. Financial Performance
- 9.4.15.3. Product Benchmarking
- 9.4.15.4. Strategic Initiatives