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Space Equipment - Global Market Trajectory & Analytics

  • ID: 5029938
  • Report
  • July 2020
  • Region: Global
  • 123 pages
  • Global Industry Analysts, Inc
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Global Space Equipment Market to Reach US$496.7 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Space Equipment estimated at US$369 Billion in the year 2020, is projected to reach a revised size of US$496.7 Billion by 2027, growing at a CAGR of 4.3% over the analysis period 2020-2027.Communications Satellites, one of the segments analyzed in the report, is projected to grow at a 5.3% CAGR to reach US$233.9 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 Earth Observation Satellites segment is readjusted to a revised 3.3% CAGR for the next 7-year period. This segment currently accounts for a 34% share of the global Space Equipment market.

The U. S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 4% CAGR for the Period of 2020-2027

The Space Equipment market in the U. S. is estimated at US$108.7 Billion in the year 2020. The country currently accounts for a 29.45% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$87.6 Billion in the year 2027 trailing a CAGR of 4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 3.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR while Rest of European market (as defined in the study) will reach US$87.6 Billion by the year 2027.

Launch Vehicles Segment Corners a 21.9% Share in 2020

In the global Launch Vehicles segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$64.7 Billion in the year 2020 will reach a projected size of US$85.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$56.7 Billion by the year 2027.The publisher brings years of research experience to this 17th edition of our report. The 123-page 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.

Competitors identified in this market include, among others
  • AAR CORP.
  • Airbus Group SE
  • Applied Radar, Inc.
  • Arianespace SA
  • BAE Systems Plc
  • Ball Aerospace
  • Bombardier, Inc.
  • Dassault Aviation SA
  • DigitalGlobe, Inc.
  • Honeywell International, Inc.
  • Israel Aerospace Industries Ltd.
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • RUAG Holding AG
  • Safran SA
  • Space Exploration Technologies Corp.
  • The Boeing Company

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of Covid-19 and a Looming Global Recession

Aerospace & Defense, The World's Largest & Most Powerful Industry, Undergoes Transformation

Adoption of Digital & Advanced Manufacturing Technologies: The First Step in Transforming Operations

Material & Engineering Innovations: The Second Step in Engineering & Product Transformation

Growing Pressure to Reduce Design & Manufacturing Costs and Lead Times Encourages Supply Chain Transformation

Recent Market Activity

Global Competitor Market Shares

Space Equipment Competitor Market Share Scenario Worldwide (in %): 2018 & 2029

2. FOCUS ON SELECT PLAYERS

AAR CORP. (USA)

Airbus Group (Netherlands)

Applied Radar, Inc. (USA)

Arianespace SA (France)

BAE Systems Plc (United Kingdom)

Ball Aerospace & Technologies Corporation (USA)

Bombardier, Inc. (Canada)

Dassault Aviation SA (France)

DigitalGlobe (USA)

Honeywell International, Inc. (USA)

Indra Sistemas, S.A. (Spain)

Israel Aerospace Industries Ltd (Israel)

L3 Technologies, Inc. (USA)

Leonardo S.p.A. (Italy)

Lockheed Martin Corporation (USA)

Northrop Grumman Corporation (USA)

Orbital ATK, Inc. (USA)

Planet Labs Inc. (USA)

Raytheon Company (USA)

RUAG AG (Switzerland)

Safran S.A. (France)

Space Exploration Technologies Corp (USA)

The Boeing Company (USA)

UTC Aerospace Systems (USA)

Pratt & Whitney (USA)

3. MARKET TRENDS & DRIVERS

Expanding Applications of Satellite Imagery in Commercial & Military Sectors Bodes Well for the Growth in Demand for Satellites

Micro-Satellites Make Their Mark

Missile Defense Continues to Play a Pivotal Role in 21st Century Combat Force

Rising Prices of Combat Aircraft Shifts Focus on Innovations in Air-to-Air Missile Systems

European Combat Aircraft Deploy Indigenous Air-to-Air Missile Systems to Curtail Dependence on US Defense Technology

Longer Range and Innovative Seeker Software Enable Air-to-Surface Missiles to Achieve Pinpoint Accuracy in Dense Air Defense Environments

Longer Range and Precision Strike Surface-to-Surface Missiles Enable Combat Forces to Engage Targets over a Vast Geographical Area

New Generation Anti-Ship Missiles Use Stealth, Speed and Sea-Skimming Capability to Evade Detection and Interception by Enemy Radar

Advancing Scientific Research in the Field of Space Exploration to Drive Global Demand for Space Equipment

Shape Shifting Satellite and Hypersonic Space Plane to Provide Low Cost Access to Space

Earth Observation Small Satellites Provide Rapidly Refreshed High Resolution Imagery for Immediate Analysis and Improved Decision Making

High Throughput Communication Satellites to Serve Unprecedented Demands for Video and Data Services

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Space Equipment Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Space Equipment Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Space Equipment Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Communications Satellites (Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Communications Satellites (Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Communications Satellites (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Earth Observation Satellites (Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Earth Observation Satellites (Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Earth Observation Satellites (Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Launch Vehicles (Type) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 11: Launch Vehicles (Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
TABLE 12: Launch Vehicles (Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Space Equipment Market Share (in %) by Company: 2018 & 2025

Market Analytics
TABLE 13: United States Space Equipment Market Estimates and Projections in US$ Million by Type: 2020 to 2027
TABLE 14: Space Equipment Market in the United States by Type: A Historic Review in US$ Million for 2012-2019
TABLE 15: United States Space Equipment Market Share Breakdown by Type: 2012 VS 2020 VS 2027

CANADA

TABLE 16: Canadian Space Equipment Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
TABLE 17: Canadian Space Equipment Historic Market Review by Type in US$ Million: 2012-2019
TABLE 18: Space Equipment Market in Canada: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027

JAPAN

TABLE 19: Japanese Market for Space Equipment: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
TABLE 20: Space Equipment Market in Japan: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019
TABLE 21: Japanese Space Equipment Market Share Analysis by Type: 2012 VS 2020 VS 2027

CHINA

TABLE 22: Chinese Space Equipment Market Growth Prospects in US$ Million by Type for the Period 2020-2027
TABLE 23: Space Equipment Historic Market Analysis in China in US$ Million by Type: 2012-2019
TABLE 24: Chinese Space Equipment Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027

EUROPE

Market Facts & Figures

European Space Equipment Market: Competitor Market Share Scenario (in %) for 2018 & 2025

Market Analytics
TABLE 25: European Space Equipment Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 26: Space Equipment Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 27: European Space Equipment Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 28: European Space Equipment Market Estimates and Forecasts in US$ Million by Type: 2020-2027
TABLE 29: Space Equipment Market in Europe in US$ Million by Type: A Historic Review for the Period 2012-2019
TABLE 30: European Space Equipment Market Share Breakdown by Type: 2012 VS 2020 VS 2027

FRANCE

TABLE 31: Space Equipment Market in France by Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 32: French Space Equipment Historic Market Scenario in US$ Million by Type: 2012-2019
TABLE 33: French Space Equipment Market Share Analysis by Type: 2012 VS 2020 VS 2027

GERMANY

TABLE 34: Space Equipment Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
TABLE 35: German Space Equipment Historic Market Analysis in US$ Million by Type: 2012-2019
TABLE 36: German Space Equipment Market Share Breakdown by Type: 2012 VS 2020 VS 2027

ITALY

TABLE 37: Italian Space Equipment Market Growth Prospects in US$ Million by Type for the Period 2020-2027
TABLE 38: Space Equipment Historic Market Analysis in Italy in US$ Million by Type: 2012-2019
TABLE 39: Italian Space Equipment Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED KINGDOM

TABLE 40: United Kingdom Market for Space Equipment: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
TABLE 41: Space Equipment Market in the United Kingdom: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019
TABLE 42: United Kingdom Space Equipment Market Share Analysis by Type: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 43: Rest of Europe Space Equipment Market Estimates and Forecasts in US$ Million by Type: 2020-2027
TABLE 44: Space Equipment Market in Rest of Europe in US$ Million by Type: A Historic Review for the Period 2012-2019
TABLE 45: Rest of Europe Space Equipment Market Share Breakdown by Type: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 46: Space Equipment Market in Asia-Pacific by Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 47: Asia-Pacific Space Equipment Historic Market Scenario in US$ Million by Type: 2012-2019
TABLE 48: Asia-Pacific Space Equipment Market Share Analysis by Type: 2012 VS 2020 VS 2027

REST OF WORLD

TABLE 49: Rest of World Space Equipment Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
TABLE 50: Rest of World Space Equipment Historic Market Review by Type in US$ Million: 2012-2019
TABLE 51: Space Equipment Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027

IV. COMPETITION

Total Companies Profiled: 36

Note: Product cover images may vary from those shown
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