The “Satellite Manufacturing and Launch – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com‘s offering.
Amid the COVID-19 crisis, the global market for Satellite Manufacturing and Launch estimated at $23.2 billion in the year 2020, is projected to reach a revised size of $30.1 billion by 2027, growing at a CAGR of 3.8% over the period 2020-2027.
Satellite Manufacturing, one of the segments analyzed in the report, is projected to record 4.2% CAGR and reach $23 billion by the end of the analysis period. After an early 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 Satellite Manufacturing and Launch market in the U. S. is estimated at $6.8 billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of $5.4 billion by the year 2027 trailing a CAGR of 3.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 3.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.