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Global Spacecraft Market by Type and Geography - Forecast to 2023: Expected to Grow at a CAGR of 12% - ResearchAndMarkets.com

October 12, 2018
The “Global Spacecraft Market - Segmented by Type (Manned and Unmanned) and Geography - Growth, Trends and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.The Spacecraft Market is expected to grow at a CAGR of around 12% during the forecast period.

The competitive rivalry among the countries for launching their own spacecraft, the increase in the amount of money spent towards the space sector and the technological advancements in the spacecraft technologies and the relevant launch technologies will be driving the market for the spacecraft during the forecast period. Also, the need for nano and microsatellites will be propelling the market in the years to come.

In terms of segmentation by type, the unmanned spacecraft market is expected to have more share in the spacecraft market during the forecast period. The factors like the unmanned spacecraft being cheaper than manned spacecraft, and safer, is also making many countries to go for these spacecraft than the manned ones.

In terms of segmentation by geography, currently, North America has the highest market share in the spacecraft market, mainly due to high space budget by NASA. In March 2018 NASA was given a grant of as much as USD 20.736 billion for fiscal year 2018 by the US Government. With spending amounting to sums as much as this, North America is also expected to continue its dominance in the spacecraft market during the forecast period.

Major Market Developments

SpaceIL from Israel unveiled their plans to land an unmanned spacecraft on the moon in February 2019. The spacecraft is expected to launch in December 2018 from Florida’s Cape Canaveral by a SpaceX Falcon 9 rocket.Indian Space Research Organisation (ISRO) launched 104 satellites into space with a single rocket, breaking the records for launching the most number of satellites in a single attempt.Companies ProfiledThe Boeing CompanyAirbus SELockheed Martin CorporationSpaceXThales Alenia SpaceQinetiQ Group plcNorthrop Grumman CorporationBerlin Space Technologies GmbHMillennium Space SystemsOHB System AGIHI Corporation (formerly Ishikawajima-Harima Heavy Industries Co. Ltd.)Ball Corporation

Key Topics Covered

1. Introduction

2. Research Methodology

3. Market Insights

4. Market Dynamics

5. Spacecraft Market, Segmented by Type

6. Global Market Analysis

7. Competitive Landscape

8. Company Profiles

9. Future Market Outlook

For more information about this report visit https://www.researchandmarkets.com/research/ql88d6/global_spacecraft?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181012005185/en/

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Related Topics:Commercial Aerospace

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AEROSPACE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/12/2018 07:37 AM/DISC: 10/12/2018 07:37 AM

http://www.businesswire.com/news/home/20181012005185/en

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