Global Satellite Manufacturing and Launch Systems Market to Reach US$25.9 Billion by 2023

摘要

The application of satellites led by the military and the civil sector is increasing at a tremendous pace and the global satellite manufacturing and launch system market is expected to register a CAGR of 5.32% to reach USD25.90 billion by the year 2023. A report recently released by Research and Markets says the growing use of Unmanned Aerial Vehicles and smart weapons has increased the demand for satellites tremendously and will be one of the primary drivers of the satellite manufacturing and launch market. The report added the development of the all-electric propulsion systems for spacecraft will increase the efficiencies and will contribute significantly to the market.