Published by maria gbaf
Posted on November 17, 2021
4 min readLast updated: January 28, 2026
The satellite manufacturing and launch market is set to grow at a 3% CAGR by 2026, driven by military and commercial applications and innovations like miniature satellites.
According to the latest report by IMARC Group, titled “Satellite Manufacturing and Launch System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global satellite manufacturing and launch market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 3% during 2021-2026. Satellite refers to a human-made spacecraft designed to orbit the Earth and other celestial objects to collect and process topographical information. Satellites are generally made using light-weight metals such as aluminum and titanium, along with composites and alloys, including nickel-cadmium and aluminum-beryllium. Presently, satellite manufacturing and launch organizations deal with Low Earth Orbit (LEO), geostationary (GEO) and sun-synchronous orbit satellites, which are utilized for remote communication, surveillance, sensing, transmission, telemetry and traffic control.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends:
The growing utilization of satellites for military surveillance and related defense applications is primarily driving the market growth. They are also utilized for several commercial applications, such as global positioning services (GPS), internet connectivity and satellite-based telemetry. Furthermore, the introduction of miniature satellites with increased payload capabilities is also creating a positive outlook for the market. These satellites are compact and allow the additional load on a single launch vehicle, which increases the profit margins for the organizations. As a result, miniature satellites are regarded as one of the most effective solutions for cost reduction while ensuring optimum performance. Numerous other factors, including the widespread adoption of 3D technology in the manufacturing process and increasing investments in R&D activities in the aeronautics sector, are projected to further drive the market growth.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Breakup by Segment:
Breakup by Satellite Type:
Breakup by Application:
Breakup by End-Use Sector:
Breakup by Region:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Latest Market Research Reports by IMARC Group (2021-2026):
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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The article focuses on the satellite manufacturing and launch system market trends and forecasts from 2021 to 2026.
Key drivers include military and commercial satellite applications, miniature satellites, and advancements in 3D technology.
COVID-19 has had both direct and indirect effects on the satellite manufacturing and launch market.
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