Future of Space Exploration Begins with New Satellite Manufacturing Paradigm, says Market.us

Satellite manufacturing and the launch system market include a variety of activities such as manufacturing, satellite integration with satellite payload to rocket, launch assembly system, and launch infrastructure.

Satellites can be used for many purposes, including satellite communication, satellite broadcasting, and remote sensing. Satellite launch systems include vehicle assembly, launchpad, fueling system, and any other infrastructure.

According to Market.us, “ The Satellite Manufacturing and Launch Market is projected to reach a valuation of USD 23.84 billion by 2032 at a CAGR of 3.5%, from USD 16.9 billion in 2022.”

As countries in the Asia Pacific continue to launch small satellites for navigation and communication, the region is expected to be the fastest-growing. Japan is working on strategies to address the growing demand for small satellites and aircraft that can be miniaturized.

Anurag Sharma, a senior research analyst at Market.us, said,  “Space launch services have seen a rise in demand due to increasing payload launches by various end users including private companies, commercial and government sector, military agencies, defense organizations, and satellite operators.”

The COVID-19 epidemic has had a significant impact on the economies of many countries. Global manufacturing of components and assembly lines for space launch vehicles has been affected. Many industries have faced many challenges due to COVID-19.

Many industries have been affected by the COVID-19 pandemic, including postponements of launches, disruptions in supply chains, shortages of workers, and the loss of revenue streams from several startups and smaller players.

Miniaturization can improve overall efficiency and reduce weight by reducing the size of components and electronic systems for satellites. To reduce weight and associated costs, the commercial-off-the-shelf (COTS) approach is used in miniaturization technology. Space companies use the COTS method to procure standard terrestrial hardware in order to reduce the overall cost of their system.

It is usually cheaper to build a constellation of small satellites within low earth orbit. It includes satellite constellation activities like earth observation, communication to earth-based control stations and navigation activities. The growing demand for smaller satellites is driving
the market for miniature satellite components.

Growing Development of Satellite Launch Vehicles for Boosting Satellite Manufacturing and Launch System Market Development

The market’s growth is driven by the increased investment of the government and space agencies into the development of technologically advanced satellite launch vehicles. The Department of Defense (DOD) reported that the US government requested USD 14.1 billion for National Security Space (NSS), compared to USD 12.3 billion in 2019. USD 8.4 billion, USD 2.65 billion, and USD 3.0 trillion are the respective amounts for research, development, and testing, evaluation (RDT&E), procurement and operation, and maintenance. The National Security Space oversees government space launches, satellites, as well as other activities.

SpaceX and NASA are working together to develop and produce reusable satellite launch vehicles. This collaboration will reduce program costs and minimize space debris. SpaceX currently has four Falcon 9 reusable launch cars in its inventory. SpaceX plans to develop ten more by 2020. This will drive the U.S. market growth over the forecast period. The Europe Space Agency (ESA), which is responsible for developing Ariane 6, an expensable launch system, has increased its focus recently. ArianeGroup collaborated with the ESA to achieve this development. ESA planned to
replace Ariane 5 by Ariane 6 in the future.

Market Driven by Increased Demand for Precision Networks for Military and Commercial Applications

SpaceX has increased its focus on satellite launches in recent years to increase the network of satellites and enhance their capabilities. SpaceX, a company called, is planning to launch Starlink phase 1 by 2021. It also plans to install 1,594 satellites. SpaceX will primarily offer private services to the U.S. and Canada.

LEO communication satellites have been in high demand due to the growing demand for data transmission services at high speeds. In order to increase global coverage, defense forces are increasing spending on advanced satellite technology. This will allow for military intelligence surveillance and reconnaissance (ISR). The ISR system is highly precise, coherent, assured, relevant, and secure. It provides intelligence and intelligence that supports military combat missions. SpaceX and other OEMs collaborate with NASA to develop and commercialize lightweight, cost-effective satellites.

Market Growth May be Limited by Satellite Launch Systems’ Heat and Weight

The weight and cost of satellite launch systems are a concern of the space industry. The technicians are concerned about optimizing the propulsion system weight.
Blue Origin, NASA, United Launch Alliance (ULA), and SpaceX all focus on R&D to develop lightweight, cost-effective propulsion rocket launch systems. Research in the design area is therefore a major focus. For the design of components, lightweight materials and processes such as 3D printing components are being considered. These new business opportunities are expected to be created.