Satellite Manufacturing Market To Reach $57,181.0 Million By 2030

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.

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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.

Satellite Manufacturing Market Segmentation

Grand View Research has segmented the global satellite manufacturing market report based on category, mass, type of business, application and region:

Satellite Manufacturing Category Outlook (Revenue, USD Million; 2018 - 2030)

• Low Earth Orbit (LEO)

• Medium Earth Orbit (MEO)

• Geostationary orbit (GEO)

• Others

Satellite Manufacturing Mass Outlook (Revenue, USD Million; 2018 - 2030)

• Large Satellites

• Medium-Sized Satellites

• Nano Satellites

• Others

Satellite Manufacturing Type of Business Outlook (Revenue, USD Million; 2018 - 2030)

• Government

• Commercial

Satellite Manufacturing Application Outlook (Revenue, USD Million; 2018 - 2030)

• Communication

• Earth Observation and Remote Sensing

• Navigation

• Research and Development

• Military Surveillance

• Others

Satellite Manufacturing Regional Outlook (Revenue, USD Million; 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East & Africa

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players in Satellite Manufacturing Market

• Airbus SE

• ArianeGroup

• Azista BST Aerospace

• The Boeing Company

• Dhruva Space Private Limited

• Gilmour Space Technologies

• INVAP

• Lockheed Martin Corporation

• Maxar Technologies Inc

• Mitsubishi Electric Corporation

• Northrop Grumman

• RTX Corporation

• Sierra Nevada Corporation

• SpaceX

• Thales Group