Reusable Launch Vehicle Global Market Report 2023 – By Type (Partially Reusable Launch Vehicle, Fully Reusable Launch Vehicle), By Orbit Type (Low Earth Orbit (LEO), Geosynchronous Transfer Orbit (GTO)), By Vehicle Weight (Upto 6,000 lbs, 6,000 to 10,000 lbs, Over 10,000 lbs), By Configuration (Single Stage, Multi Stage), By Application (Commercial, Defense) – Market Size, Trends, And Global Forecast 2023-2032

The satellite manufacturing and launch system refer to systems that are used for remote transmission, detection, inspection, communication, traffic control, and telemetry. A satellite is an artificially designed machine, placed in an earth’s orbit to perform various applications such as navigation, weather monitoring, and space telescopes. A launch vehicle is used to place a satellite into earth’s orbit. The main technology types in the satellite manufacturing and launch systems market are satellite manufacturing and satellite launch system. The prime contractor and manufacturer of the satellite that is a party to the satellite purchase agreement are referred to as the satellite manufacturer. Satellite manufacturing and launch systems are lower earth orbit (LEO) satellites, medium earth orbit (MEO) satellites, geosynchronous equatorial orbit (GEO) satellites, and beyond GEO satellites types that have applications in commercial communications, government communications, earth observation services, research and development, navigation, military surveillance, scientific applications, other applications and can be used by military and government, commercial and other end-users. The global satellite manufacturing and launch systems market is segmented - 1) By Technology Type: Satellite Manufacturing, Satellite Launch System 2) By Satellite Type: Lower Earth Orbit (LEO) Satellites, Medium Earth Orbit (MEO) Satellites, Geosynchronous Equatorial Orbit (GEO) Satellites, Beyond GEO Satellites 3) By Application: Commercial Communications, Government Communications, Earth Observation Services, Research and Development, Navigation, Military Surveillance, Scientific Applications, Other Applications 4) By End-User: Military and Government, Commercial, Other End-Users The global satellite manufacturing and launch systems market size will grow from $22.69 billion in 2022 to $25.09 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global satellite manufacturing and launch systems is expected to grow to $35.12 billion in 2027 at a CAGR of 8.8%. The increased demand for satellites from the civil/government, commercial, and military sectors is significantly contributing to the growth of the satellite manufacturing and launch market. Satellite technologies are rapidly used by military forces around the world to enhance their defense resources. Various tests and experiments are being carried out by government organizations and defense forces across the world to launch space-attacking facilities. Ground-to-space war, like attacking satellites from the earth, space-to-space war, such as satellites attacking satellites, and space-to-earth war, such as satellites targeting earth-based objects, are all several types of space warfare. For instance, in May 2021, United Launch Alliance (ULA), launched the fifth Space-Based Infrared System satellite for the U.S. space force. With the help of its onboard infrared sensors, the $1 billion satellite, built by a US-based aerospace company, Lockheed Martin, is created to recognize and track plumes produced by missile launches throughout the world. Its abilities will allow the US to prepare for any imminent attacks. Therefore, increased demand for satellites from the civil/government, commercial, and military sectors is expected to drive the growth of the satellite manufacturing and launch market. Major players in the satellite manufacturing and launch systems market are Northrop Grumman Corporation, ArianeGroup, Space Exploration Technologies Corp., Blue Origin, Lockheed Martin Corporation, The Boeing Company, Sierra Nevada Corporation, Thales Group, Maxar Technologies Inc., Dynetics Inc., Nano Avionics, Israel Aerospace Industries Ltd., and OHB SE. The utilization of 3D technology in manufacturing is a key trend gaining popularity in the satellite manufacturing and the launch systems market. 3D printing makes available a final product to be generated directly through computer-aided drafting (CAD) designing. The 3D printing technology, frequently described as additive manufacturing, is used by the satellite industry to optimize cost, accelerate production, and increase performance. This technology is used to design and manufacture various components of satellites such as radiofrequency components, antennas, and others. For instance, in February 2021, Netherlands-based aerospace company, Airbus designed a radiofrequency component for its telecommunication satellite by using its additive layer manufacturing (ALM) technology also called 3D printing. Furthermore, In January 2022, Fleet space an Australian company developed the first fully 3D printed satellite Alpha, which launched in the next 12 months. Alpha had a major step forward and for the first time, a satellite has been created entirely through 3D printing. By bringing together the deployment, creation, and service of space technology this has become a global leader in space technology and supports Australia’s ambition to lead this critical field. In September 2021, BAE Systems, a UK-based multinational arms, security, and the aerospace company announced the acquisition of In-Space Missions with a deal value of $18 million. This acquisition is subject to combining a range of space capabilities that help deliver information advantage, multi-domain operations, and networking for its customers. In-Space Missions is a UK-based company, that specialized in designing, building, and operating satellites and satellite systems. North America was the largest region in the satellite manufacturing and launch systems market in 2022. The Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite manufacturing and launch systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the satellite manufacturing and launch systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The satellite manufacturing and launch system market consists of sales of satellite and launch systems such as highly elliptical orbit, near-polar sun-synchronous orbit, polar orbit, and geostationary transfer orbit.  Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The satellite manufacturing and launch systems market research report is one of a series of new reports from The Business Research Company that provides satellite manufacturing and launch systems market statistics, including satellite manufacturing and launch systems industry global market size, regional shares, competitors with a satellite manufacturing and launch systems market share, detailed satellite manufacturing and launch systems market segments, market trends and opportunities, and any further data you may need to thrive in the satellite manufacturing and launch systems industry. This satellite manufacturing and launch systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Space propulsion is a technique used to accelerate spacecraft and artificial satellites. Spacecrafts are mainly propelled by the use of a rocket engine. The main types of space propulsion are chemical propulsion and non-chemical propulsion. Chemical propulsion refers to propulsion in which the thrust is provided by the product of a chemical reaction, normally burning (or oxidizing) a fuel. By platform, types of space propulsion include satellites, capsules\cargos, interplanetary spacecraft and probes, rovers/spacecraft landers, and launch vehicles. Major end users of space propulsion are commercial and government and defense entities. The system components used in space propulsion are chemical propulsion thrusters, electric propulsion thrusters, propellant feed systems, rocket motors, nozzles, propulsion thermal control and power processing units. The orbits of space propulsion are low earth orbit (LEO), medium earth orbit (MEO), geostationary earth orbit (GEO), and beyond geosynchronous orbit. The global space propulsion market is segmented – 1) By Type: Chemical Propulsion, Non-chemical Propulsion 2) By Platform: Satellites, Capsules\Cargos, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, Launch Vehicles 3) By End User: Commercial, Government & Defense 4) By System Component: Chemical Propulsion Thrusters, Electric Propulsion Thrusters, Propellant Feed Systems, Rocket Motors, Nozzles, Propulsion Thermal Control, Power Processing Units 5) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO), Beyond Geosynchronous Orbit The global space propulsion market size grew from $8.25 billion in 2022 to $9.26 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global space propulsion is expected to grow to $15.56 billion in 2027 at a CAGR of 13.8%. Increased government investments in space technology are driving the space propulsion market. For instance, in 2021, Westcott Space Cluster in Aylesbury Vale Enterprise Zone invested in a new National Space Propulsion Test Facility (NSPTF), which collected £4 million ($5.44 million) in sponsoring from the UK government Space Agency. The new facility will permit innovation in propulsion technology, including low cost development and testing of more capable engines for interplanetary travel. So, increasing investments in space technology will drive the space propulsion market going forward. Major players in the space propulsion market are OHB SE, Accion System, Boeing, Northrop Grumman Corporation, MAXAR Technologies, Thales Alenia Space, Airbus Defense and Space, Vacco Industries, MOOG Inc., Cobham Mission Systems Wimborne Limited, Safran S.A., NPO Splav, BAE Systems, Hanwha Group, and Avibras Indústria Aeroespacial. Research and development are a key trend gaining popularity in the space propulsion market. For instance, in 2021, the US federal government remains the major source of funding for space R&D. Investment in new space industries now accounts for approximately $5 billion to $6 billion per annum in Space Research & Development investment up from less than $1 billion only a decade ago. Some of these industries receive funding from investment firms, while others are backed by their wealthy founders. Commercial research and development investing within the space department have grown by 22% per annum and more than twice the 10% improvement for US government spending. In 2021, Astra, a US-based company focused on commercial rockets and satellites, announced the acquisition of electric propulsion maker Apollo Fusion for a final purchase price of $50 million. with $30 million in stock and $20 million in cash. This acquisition could strengthen Astra's ability to efficiently manage and supply spacecraft beyond LEO. Apollo Fusion is a US-based company that produces two EP thruster systems, the Apollo Constellation Engine (ACE) and the ACE Max. North America was the largest region in the space propulsion market in 2022. North America is expected to be the fastest-growing region in the space propulsion market share during the forecast period. The regions covered in the space propulsion market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the space propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The space propulsion market consists of sales of electric, and propellant-less space propulsions. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The space propulsion market research report is one of a series of new reports from The Business Research Company that provides space propulsion market statistics, including space propulsion industry global market size, regional shares, competitors with a space propulsion market share, detailed space propulsion market segments, market trends and opportunities, and any further data you may need to thrive in the space propulsion industry. This space propulsion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Rocket propulsion refers to the act of pushing a rocket forward with force in order to launch it into the atmosphere. The rocket propulsion is used to produce thrust, the force which moves a rocket through the air and through space. Rockets require a solid or liquid propellant, which consists of a fuel source and an oxidizer which provides the oxygen required to burn the fuel. The main types of rocket propulsion markets are solid propulsion, liquid propulsion, and hybrid propulsion. Solid propulsion refers to a type of propulsion system in which, the fuel and oxidizer are mixed together into a solid propellant and used as boosters for launch. The orbits in rocket propulsion include LEO, MEO, GEO, and beyond GEO. The different launch vehicle types utilizing in rocket propulsion systems include manned and unmanned. The various end-users of rocket propulsion systems include civil and commercial, and military. The global rocket propulsion market is segmented - 1) By Propulsion Type: Solid, Liquid, Hybrid 2) By Orbit Type: LEO, MEO, GEO, Beyond GEO 3) By Launch Vehicle Type: Manned, Unmanned 4) By End User Type: Civil and Commercial, Military The global rocket propulsion market size grew from $5.21 billion in 2022 to $5.64 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global rocket propulsion is expected to grow to $7.86 billion in 2027 at a CAGR of 8.6%. Increased spending and capital investment by government bodies and space companies are significantly driving the rocket propulsion market. Capital investment refers to the acquisition of physical assets by a company for use in furthering its long-term business goals and objectives. Industries are investing huge capital in space exploration, and product innovation for technological advancements, and government agencies also taking initiatives and allowing them to spend more on research and development and produce more efficient and creative technology. For instance, according to Space Capital LP, a US-based venture capital firm that invests in space-based technologies, with another $7.2 billion invested in the Q1 2022, venture capital invested $17.1 billion into 328 space companies in 2021, accounting for 3% of total global venture capital flows. According to USAspending, a US-based official open data source of federal spending information, in FY 2022, the National Aeronautics and Space Administration (NASA) had $30.44 bn in available budgetary resources distributed among its 1 agency sub-components to drive advances in technology, aeronautics, and space exploration to enhance knowledge and innovation. Therefore, increasing spending and capital investment by government bodies and space companies is predicted to boost demand for rocket propulsion systems during the forecast period. Technological advancements and innovations are the key trends gaining popularity in the rocket propulsion market. Many research institutes and companies are developing innovative products to meet industry demands and strengthen their business presence in the rocket propulsion systems sector. For instance, according to Science Daily, a US-based press release that publishes about science, in 2020, researchers from the University of Central Florida invented a new rocket propulsion system, known as a rotating detonation rocket engine, that allows upper-stage rockets for space missions to become lighter, travel farther, and burn more cleanly. This technique increases the efficiency of rocket engines, allowing greater power to be created while consuming less fuel than typical rocket energy, decreasing the rocket's load, costs, and pollutants. Major players in the rocket propulsion market are Aerojet Rocketdyne, Mitsubishi Heavy Industries, Space Exploration Technologies Corp., Safran S.A., Blue Origin, JSC Kuznetsov, Yuzhmash, Rocket Lab, NPO Energomash, Orbital ATK, Lockheed Martin, Thales Group, Kongsberg Gruppen ASA, The Raytheon Company, and Roketsan A.S. In August 2021, Phantom Space Corporation, a US-based space transportation and rocket manufacturing company, acquired Micro Aerospace Solutions for an undisclosed amount. This deal is expected to help Phantom Space Corporation expand space access by mass-producing launch vehicles, satellites, and space propulsion technologies. Micro Aerospace Solutions is a US-based company, that manufactures space propulsion systems and specializes in thruster design and propulsion systems. Asia-Pacific was the largest region in the rocket propulsion market in 2022, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the rocket propulsion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the rocket propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The rocket propulsion market consists of sales of cryogenic propulsion, electric propulsion system and nuclear propulsion. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The rocket propulsion market research report is one of a series of new reports from The Business Research Company that provides rocket propulsion market statistics, including rocket propulsion industry global market size, regional shares, competitors with a rocket propulsion market share, detailed rocket propulsion market segments, market trends and opportunities, and any further data you may need to thrive in the rocket propulsion industry. This rocket propulsion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Space traffic management is a set of technological and regulatory provisions intended to ensure safe entry, operations in space, and return from space to earth free of physical or radio-frequency interference. The space traffic management is used to provide a solid framework for on-orbit coordination of activities to improve the safety, stability, and sustainability of space operations. The main activities of space traffic management are space situational awareness, space debris remediation, space orbit management, and launch vehicle operation. Space situational awareness (SSA) is referred to the process of keeping track of objects in orbit and forecasting their real-time location and is used to track objects in orbit. The orbits include LEO, MEOand elliptical, and GEO. The various applications include communication, earth observation, navigation, global positioning system, and surveillance, technology development and education, and other applications. The end users include civil and government, commercial, and military. The global space traffic management market is segmented – 1) By Activity: Space Situational Awareness, Space Debris Remediation, Space Orbit Management, Launch Vehicle Operation 2) By Orbit: LEO, MEO And Elliptical, GEO 3) By Application: Communication, Earth Observation, Navigation, Global Positioning System And Surveillance, Technology Development And Education, Other Applications 4) By End Use: Civil And Government, Commercial, Military The global space traffic management market size grew from $13.07 billion in 2022 to $14.66 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the space traffic management is expected to grow to $21.43 billion in 2027 at a CAGR of 9.9%. The rising threat of space debris is expected to drive the growth of the space traffic management market going forward. Space debris refers to the non-functional remains of artificial objects in space, particularly those revolving around the Earth's orbit. Space traffic management helps in monitoring and tracking functional and non-functional satellites, avoiding collisions with space debris and creating less debris, further paving a smooth path for satellites. For instance, according to an article published in May 2021 by The National Aeronautics and Space Administration, an independent agency of the U.S. federal government responsible for the civil space program, more than 27,000 pieces of orbital debris are tracked by the Department of Defense’s global Space Surveillance Network (SSN) sensors. Thus, the rising threat of space debris is driving the space traffic management market. Major players in the space traffic management market are Thales Group, L3Harris Technologies Inc., Boeing Company, Airbus Group, BAE Systems plc, Northrop Grumman, Raytheon Technologies, Saab AB, Kayhan Space, Lockheed Martin Corporation, Starfish Space, OKAPI: Orbits GmbH, Scout Space, Neuraspace and Indra. Advancement in space debris monitoring platforms is a key trend gaining popularity in the space traffic management market. Major companies operating in the space traffic management market are developing space debris monitoring platforms to strengthen their position in the space traffic management market. For instance, in March 2022, Neuraspace, a Portugal-based space start-up developed an advanced AI-powered space debris monitoring and satellite collision avoidance platform, to enable safe and sustainable in-orbit operations. In May 2022, EMCORE Corporation, a US-based leading provider of advanced mixed-signal products for aerospace, defense, and broadband communications, acquired L3 Harris’s space and navigation for an amount of $5 million. This acquisition enables EMCORE to offer a broader product portfolio to customers in the tactical, navigation, and increasing launch vehicle and space satellite markets. L3 Harris is a US-based provider of tactical communications, geospatial systems, air traffic management, avionics, and space and intelligence. North America was the largest region in the space traffic management market in 2022. Asia-Pacific is expected to be the fastest-growing region in the space traffic management market share during the forecast period. The regions covered in the space traffic management market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the space traffic management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The space traffic management market consists of sales of space traffic management sensors such as thermal, optical and LIDAR sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The space traffic management market research report is one of a series of new reports from The Business Research Company that provides Space traffic management market statistics, including Space traffic management industry global market size, regional shares, competitors with a Space traffic management market share, detailed Space traffic management market segments, market trends and opportunities, and any further data you may need to thrive in the Space traffic management industry. This Space traffic management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A precision-guided munition is a guided weapon that detects electromagnetic energy reflected from a target to destroy a point target and minimize collateral damage. These are guided using a global positioning system (GPS), a laser guidance beam, or an integrated inertial navigation system. The main types of products in the precision-guided munition category are tactical missiles, guided rockets, guided ammunition, torpedoes, and loitering munitions. Tactical missiles are shorter-ranged weapons designed for use in close combat areas. These operate at various speeds, such as subsonic, supersonic, and hypersonic. The different modes of operation include semi-autonomous and autonomous and involve several technologies such as infrared, semi-active laser, inertial navigation system (INS), a global positioning system (GPS), radar homing, and anti-radiation. It is also segmented by launch platform into land, airborne, and naval. The global precision guided munition market is segmented - 1) By Product: Tactical Missiles, Guided Rockets, Guided Ammunition, Torpedoes, Loitering Munitions 2) By Technology: Infrared, Semi Active Laser, Inertial Navigation System (INS), Global Positioning System (GPS), Radar Homing, Anti-Radiation 3) By Launch Platform: Land, Airborne, Naval 4) By Mode of Operation: Semi-Autonomous, Autonomous 5) By Speed: Subsonic, Supersonic, Hypersonic The global precision-guided munition market size grew from $32.74 billion in 2022 to $36.87 billion in 2023 at a compound annual growth rate (CAGR) of 12.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the precision-guided munition market is expected to grow to $52.55 billion in 2027 at a CAGR of 9.3%. The increase in military expenditure is significantly driving the growth of the precision-guided munition market. The military refers to the armed forces of any country that help maintain peace and stability in the country. Military expenditure is more focused on military modernization programs and the increase in the need for precision-guided munition to minimize collateral damage and increase lethality against the target, thereby promoting the adoption of precision-guided munition. For instance, according to the Stockholm International Peace Research Institute (SIPRI), in 2020, global military expenditure rose to $2 trillion, an increase of 2.6% from 2019. Therefore, increasing military expenditure is expected to propel the growth of the precision-guided munition market. Major players in the precision-guided munition market are Northrop Grumman, Lockheed Martin Corporation, Boeing, BAE Systems, General Dynamics Corporation, Thales Group, L3 Harris Technologies Inc., Leonardo S.p.A, Elbit Systems Ltd., Saab AB, Israel Aerospace Industries, Rheinmetall AG, Bharat Dynamics Limited, Denel Dynamics, and LIG Nex 1. Strategic partnerships and collaborations have emerged as a key trend in the precision-guided munition market. Key players operating in the precision-guided munition market are focusing on partnerships and collaborations to improve efficiency, expand value propositions, use skills and abilities of other companies, improve leadership skills, and extend their growth in new areas. For instance, in April 2021, Rheinmetall, a German company that manufactures equipment and systems for government, security, and military ground, air, and naval forces and specializes in precision-guided munitions, partnered with Northrop Grumman, a US-based aerospace and defense company, to develop precision-guided enhanced range artillery ammunition. Similarly, in July 2020, BAE Systems, a UK-based aerospace company, acquired the Collins Aerospace Military Global Positioning System (GPS) business from Raytheon Technologies Corporation for $1.9 billion. This deal will help BAE extend GPS anti-jamming and anti-spoofing technology that is necessary for a range of defense missions. Raytheon Technologies is a US-based aerospace and defense company that specializes in missiles and precision munitions. In December 2021, Vertex Aerospace, a US-based aerospace and defense company, acquired Raytheon Technologies’ defense training and mission-critical solutions business lines for an undisclosed amount. This deal will help Vertex expand into highly specialized value-added technology solutions and services, including defense and commercial training, mission-critical support solutions, and engineering and modernization capabilities. Raytheon Technologies is a US-based aerospace and defense company that specializes in missiles and precision munitions. Asia-Pacific was the largest region in the precision-guided munition market in 2022. The regions covered in the precision-guided munition market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the precision-guided munition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The precision-guided munition market consists of sales of autonomous long range artillery munition, loitering munitions, aircraft self-protection missile, and digital guided missiles. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The precision-guided munition market research report is one of a series of new reports from The Business Research Company that provides precision-guided munition market statistics, including precision-guided munition industry global market size, regional shares, competitors with a precision-guided munition market share, detailed precision-guided munition market segments, market trends and opportunities, and any further data you may need to thrive in the precision-guided munition industry. This precision-guided munition market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A missile is a guided airborne ranged weapon designed to deliver an explosive warhead at high speed with great accuracy. The components of missiles include the targeting system, guidance system, flight system, engine, and warhead. The main product types in the missile market are cruise missiles and ballistic missiles. A cruise missile is a guided missile used against terrestrial targets that stays in the atmosphere and travels the majority of its flight path at a constant speed. Cruise missiles are built to deliver a large warhead over long distances with pinpoint accuracy. The various ranges of missiles include short-range missiles, medium-range missiles, and intermediate-range missiles, and the types of propulsion used are ramjets, scramjets, turbojets, liquid propulsion, solid propulsion, and hybrid propulsion. The missiles are used in defence and homeland security. The global missiles market is segmented - 1) By Product Type: Cruise Missiles, Ballistic Missiles 2) By Range: Short Range Missile, Medium Range Missile, Intermediate Range Missile 3) By Propulsion Type: Ramjet, Scramjet, Turbojet, Liquid Propulsion, Solid Propulsion, Hybrid Propulsion 4) By Application: Defense, Homeland Security The global missiles market size will grow from $28.84 billion in 2022 to $31.42 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global missiles is expected to reach $40.2 billion by 2027, growing at a 6.4% CAGR. Increased defence spending is expected to fuel the growth of the missile market. Countries around the world are investing in defence to protect their territories. For instance, in April 2022, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute on arms control, arms transfers, and non-proliferation, total global military spending was expected to increase by 0.7% in real terms to $2113 billion. This was the seventh straight year that spending increased. Military R&D funding in the United States increased by 24% between 2012 and 2021, while China, the world's second-largest spender, allocated an estimated $293 billion to its military in 2021, a 4.7% increase over 2020. China's military spending has increased for the past 27 years. Therefore, increased defence spending drives the growth of the missile market. Major players in the missiles market are BAE Systems, Lockheed Martin Corporation, Raytheon Technologies, Northrop Grumman Corporation, Boeing, Tactical Missiles Corporation, Aerojet Rocketdyne, Rafael Advanced Defense Systems Ltd., Avibras Industrial Aerospecial SA, Israel Aerospace Industries, China Aerospace Science and Technology Corporation, and General Dynamic. Artificial intelligence is a key trend gaining popularity in the missiles market. Countries across the world are designing artificial intelligence missiles to hit targets that humans cannot reach. Artificial intelligence gives missiles the potential to strike moving targets and also provides greater accuracy than other technologies. For instance, in July 2021, Rafael Advanced Defense Systems Ltd., an Israel-based defense technology company, unveiled its new Sea Breaker maritime and land-based long-range missile, a fifth-generation weapon system that combines artificial intelligence and decision-making algorithms. Up to 300 km away, Sea Breaker can deliver surgical, pinpoint precision strikes. It has an advanced IIR (imaging infrared) seeker that makes it perfect for engagements with stationary or moving maritime and land targets in advanced Anti Access/Area Denial (A2/AD) arenas, as well as in littoral or brown water, including archipelagos, as well as for engagements where earlier RF-seeker-based missiles are ineffective. In April 2020, United Technologies, a US-based company that provides equipment and services to the aerospace and building industries, acquired Raytheon Company. Through this acquisition, both companies have become part of Raytheon Technologies with the aim of combining strengths and capabilities that make them distinctively armed to support our customers and partners in this unprecedented period. It also intends to introduce cutting-edge technologies at an accelerated rate across high-value sectors such as hypersonics, targeted energy, avionics, and cybersecurity. Raytheon Company, a US-based expert in aerospace and defense technologies, for an undisclosed amount. Asia-Pacific was the largest region in the missiles market in 2022. Western Europe is expected to be the fastest-growing region in the global missiles market report during the forecast period. The regions covered in the global missiles industry analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the missiles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The missiles market consists of sales of guided missiles or rockets to deliver an explosive warhead with precision at high speed. Values in this missiles market are factory gate values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The missiles market research report is one of a series of new reports from The Business Research Company that provides missiles market statistics, including missiles industry global market size, regional shares, competitors with a missiles market share, detailed missiles market segments, market trends and opportunities, and any further data you may need to thrive in the missiles industry. This missiles market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A military satellite is an artificial earth satellite used for military missions such as intelligence gathering, navigation, and military communications. The capabilities of military satellites include secure in-theater communications, weather and navigational data for ground, air, and fleet operations, as well as threat warning. The main types of military satellites are small satellites and medium-to-heavy satellites. The various types of payload include communication payload, navigation payload, imaging payload, and others that are used for intelligence, surveillance, and reconnaissance (ISR), communication, and navigation. A satellite payload refers to the components of a spacecraft that are specifically dedicated to producing mission data and relaying that data back to Earth. The global military satellites market is segmented - 1) By Satellite Type: Small Satellite, Medium-To-Heavy Satellite 2) By Payload Type: Communication Payload, Navigation Payload, Imaging Payload, Others 3) By Application: Intelligence, Surveillance, And Reconnaissance (ISR), Communication, Navigation The global military satellites market size will grow from $58.46 billion in 2022 to $62.19 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global military satellites is expected to grow to $73.26 billion in 2027 at a CAGR of 4.2%. The increasing concern about terrorism is expected to fuel the growth of the military satellite market. The growing concern about terrorism has motivated the need for military forces around the world to deploy better military communication systems. Military satellites are an important part of modern military communication networks. For instance, in October 2021, according to a report published by Bureau of Counterterrorism, a US-based government organization to improve counter-terrorism cooperation with foreign governments, there were 10,172 terrorist attacks in 2020, which led to 29,389 fatalities, 19,413 injuries, and 4,471 kidnappings. In comparison to 2019, there were 1,300 more terrorism-related incidents, 3,116 more fatalities, 1,189 fewer injuries, and 1,262 more kidnappings in 2020. The number of incidents in 2020 will be 15% more than in 2019. Therefore, the increasing concern about terrorism drives the growth of the military satellite market. Major players in the military satellites market report are The Boeing Company, Israel Aerospace Industries, Northrop Grumman Corporation, ISS-Reshetnev, SpaceX, Lockheed Martin Corporation, Raytheon Company, Thales Group, Mitsubishi Electric Corporation, GE Aviation, Airbus SE, Indian Space Research Organisation, OHB SE, Elbit System Ltd., AeroVironment, and Orbital ATK Inc. The high cost of military satellites is expected to hamper the growth of the military satellite market over the forecast period. A military satellite is an artificial satellite that is used for military purposes. Military satellites are costly devices, they are costly to build and costly to launch. The military communications satellite's combined costs will be more than $95 million for release and launch insurance, $20 million for in-orbit insurance, $15 million for operating expenses, and $150 million for the spacecraft, making a total of $300 million. Therefore, the high cost of military satellites restrains the growth of the military satellite market. The advancement in technology is shaping the military satellite market. Major companies working in the military satellite sector are focused on designing advanced technology solutions for military satellites. For instance, in July 2020, SpaceX, an American aerospace manufacturer and space transportation services company, launched South Korea's first military communications satellite, called Anasis-II. Anasis-II will play a vital role in preserving peace on the Korean peninsula, and through this technical advance, the Republic of Korea will be able to improve not only its IT capabilities but also its space research and development operations. In May 2021, OneWeb, a USA-based satellite internet company, acquired TrustComm for an undisclosed amount. Through this acquisition, OneWeb is intended to provide 'a new suite of services with network speeds up to 195Mbps, lower latency, smaller and more compact multi-orbit user terminals, and built-in network management tools' to the US Department of Defense and other government clients. TrustComm, based in the US, is a commercial satellite communications provider. North America was the largest region in the military satellites market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global military satellites market share during the forecast period. The regions covered in the military satellites market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the military satellites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA The military satellite market consists of sales of various satellites for military applications such as military reconnaissance satellites, navigation satellites, early warning systems, and military communication satellites. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The military satellites market research report is one of a series of new reports from The Business Research Company that provides military satellites market statistics, including global market size, regional shares, competitors with a military satellites market share, detailed military satellites market segments, market trends and opportunities, and any further data you may need to thrive in the military satellites industry. This military satellite market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Aerospace is the design and manufacture of aircraft, rockets, missiles, and spacecrafts that operate in the space. Defense equipment refers to weapons, arms and equipment that are used for military purposes. The main aerospace and defense types are aerospace and defense. The aerospace industry consists of companies involved in developing prototypes and the manufacturing or assembling of complete aircraft and aircraft parts for commercial purposes. The aircraft are operated through autonomous and manual modes. The different components include weapon systems, fire control systems, command and control systems, and others. The global aerospace and defense market is segmented - 1) By Type: Aerospace, Defense 2)By Operation: Autonomous, Manual 3) By Component: Weapon System, Fire Control System, Command and Control System, Others Subsegments Covered: Commercial Aircraft, Aircraft Maintenance, Repair and Overhauling Services, Aerospace Support and Auxiliary Equipment, Air based Defense Equipment, Sea based Defense Equipment, Land based Defense Equipment, Defense Equipment Maintenance, Repair and Overhauling Services, Defense Support and Auxiliary Equipment The global aerospace & defense market size will grow from $795.92 billion in 2022 to $855.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of aerospace & defense is expected to grow to $1076.56 billion in 2027 at a CAGR of 5.9%. During the forecast period, developed countries will experience low interest rates as monetary authorities are reducing interest rates to stimulate economic growth and prevent deflation. This led to the flow of cheap money for investment in these economies. Low interest rates encouraged borrowing for investment and helped drive spending. For instance, in March 2020, the Bank of England, a UK-based central bank, reduced interest rates to 0.1%, the lowest level ever, as a measure of protest against COVID-19. Major countries that had low-interest rates in the historic period included the USA, Germany, and Japan. Low interest rates will boost the growth of the aerospace and defense markets in the forecast period. Major companies in the aerospace & defense market include Airbus Group SE, Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Raytheon Co, Northrop Grumman Corp, Bae Systems plc, General Dynamics, General Electric Company, and Safran SA. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the aerospace and defense market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing was affected due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Defense equipment manufacturers depend on the supply of raw materials and parts from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and raw materials. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the aerospace & defense market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. 8K video capture technology is being integrated with drones to enhance the picture and video quality captured by these aircraft. 8K technology offers greater horizontal display resolution and offers images that show more details than standard HD. 8K cameras integrated with drones offer higher precision and provide high-resolution footage in autonomous flights. For instance, Autel is offering its EVO series of drones with 8K cameras. North America was the largest region in aerospace & defense market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the aerospace and defense market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aerospace & defense market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The aerospace and defense market consists of sales of aircraft, aircraft components, weapons, artillery tanks, and radar equipment for aerospace and defense purposes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The aerospace and defense market research report is one of a series of new reports from The Business Research Company that provides aerospace and defense market statistics, including aerospace and defense industry global market size, regional shares, competitors with an aerospace and defense market share, detailed aerospace and defense market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace and defense industry. This aerospace and defense market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.