Satellite Manufacturing Market - Forecast(2024 - 2030)
Satellite Manufacturing Market Overview The Global Satellite Manufacturing Market is estimated to reach $24.0 billion by 2026, growing at a CAGR of 3.2% during 2021-2026. Satellite are launched into the space to provide various services such as telemetry, remote sensing satellite, automatic identification system, surveillance, communication and others. Major drivers for satellite manufacturing market growth are surge in utilization of satellites for military surveillance and other defense applications. There is a requirement of more data bandwidth and reliable communication infrastructure to the military for meeting the growing demand from UAVs and modern equipment. Surge in satellite based telemetry and geostationary applications, development of all-electric propulsion systems for use in sun-synchronous orbit satellites along with the growth in R&D space activities are driving the growth of the market. π«πππππππ
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