SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Satellite Manufacturing and Launch - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 3206
Companies: 47 - Players covered include Airbus Defence and Space; Arianespace SA; Innovative Solutions In Space; ISS-Reshetnev Company; Lockheed Martin Corporation; Orbital ATK, Inc.; SSL, a Maxar Technologies company; The Boeing Company; ViaSat, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Military Surveillance Satellites, Communication Satellites, Navigation Satellites, Earth Observation Satellites, Other Applications); Type (Satellite Manufacturing, Launch Services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Satellite Manufacturing and Launch Market to Reach $29.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Satellite Manufacturing and Launch estimated at US$23.2 Billion in the year 2020, is projected to reach a revised size of US$29.2 Billion by 2026, growing at a CAGR of 3.8% over the analysis period. Satellite Manufacturing, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$23 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Launch Services segment is readjusted to a revised 2.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.2 Billion in 2021, While China is Forecast to Reach $5.2 Billion by 2026
The Satellite Manufacturing and Launch market in the U.S. is estimated at US$7.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2026 trailing a CAGR of 3.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 3.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. More
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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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