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Global Spacecraft Market - Segmented By Type (Manned And Unmanned) And Geography - Growth, Trends And Forecast (2018 - 2023)
Published on: Sep 2018 | From USD $4250 | Published By: MORDOR INTELLIGENCE | Number Of Pages: 105
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.
There have been continuous efforts by many countries around the world for space exploration. Also, many countries around the world have increased their budget spending towards space exploration and related arenas. The globally leading countries in space exploration, the US and Russia, despite their competitive rivalry, are coming together in the space sector for venturing into space. Many new ventures are being undertaken for the space exploration and development of new spacecraft. Recently, in September 2017, NASA has signed an agreement with the Russian Space Agency, Roscosmos for partnership between the two, for building a new lunar space station somewhere around the Moon. Russian Space Agency said that the work on the venture could possibly start in the 2020s. Ventures between countries like these would help the market for the spacecraft in the years to come. Also, the International Space Station is set to retire in 2025. The work for building a new space station is set to start in early 2020s. Though America plans to end its involvement in the International Space Station, many space agencies in the world, along with Russia, Japan, Canada and the European Space Agency are showing interest in this project. This may also drive the market for Spacecraft Market during the forecast period. Spacecraft Market is expected to grow at a CAGR of around 12% during the forecast period.
In terms of segmentation by type, the unmanned spacecraft market is expected to have more share in the spacecraft market during the forecast period. Unmanned missions are now frequently being planned onto moon and to mars. Although a few countries in the world are capable of going to as far as mars, many countries are trying to explore the moon. Even the launch of new satellites into the orbits will drive the market for unmanned spacecraft in the years to come. Plans are being made to launch new spacecraft during the forecast period. In July 2018, 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 FloridaÕs Cape Canaveral by a SpaceX Falcon 9 rocket. The purpose of this spacecraft is to transmit lunar pictures and videos back to earth as well as to measure the surrounding magnetic fields. Research is being done to infuse artificial intelligence technologies in developing the spacecraft. In January 2018, NASA granted funds to the University of Akron in Ohio for developing spacecraft, which can ÒthinkÓ for themselves using deep-learning artificial intelligence (AI) process that works over an Ethereum blockchain network. 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.
The Boeing Company, Airbus SE, Lockheed Martin Corporation, SpaceX, and Thales Alenia Space among others.
Jul 2018: 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 FloridaÕs Cape Canaveral by a SpaceX Falcon 9 rocket.
Feb 2017: 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.
Reasons to Purchase this Report:
¥ Analyzing various perspectives of the market with the help of PorterÕs Five Forces Analysis
¥ Detailed analysis on the segment that is expected to register the highest growth rate
¥ Study on the region and country that are expected to dominate the market
¥ Identifying the latest developments, market shares and strategies employed by the major market players
¥ 3-months analyst support, along with the Market Estimate Sheet (in Excel)
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1.1 Scope of Study
1.2 Market Definition
1.3 Executive Summary
2. RESEARCH METHODOLOGY
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Phases
3. MARKET INSIGHTS
3.1 Current Market Scenario
3.2 Technology Trends
3.3 Industry Attractiveness - Porter's Five Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Competitive Rivalry within the industry
4. MARKET DYNAMICS
5. SPACECRAFT MARKET, SEGMENTED BY TYPE
5.1 Manned Spacecraft
5.2 Unmanned Spacecraft
6. GLOBAL MARKET ANALYSIS
6.1 North America
6.1.1 United States
6.1.3 Rest of North America
6.2 South America
6.2.2 Rest of South America
6.3.3 United Kingdom
6.3.5 Rest of Europe
6.4.4 South Korea
6.4.5 Rest of Asia-Pacific
6.5 Middle East and Africa
6.5.2 South Africa
6.5.3 Rest of Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.2 Market Share Analysis
8. COMPANY PROFILES
8.1 The Boeing Company
8.2 Airbus SE
8.3 Lockheed Martin Corporation
8.5 Thales Alenia Space
8.6 QinetiQ Group plc
8.7 Northrop Grumman Corporation
8.8 Berlin Space Technologies GmbH
8.9 Millennium Space Systems
8.10 OHB System AG
8.11 IHI Corporation (formerly Ishikawajima-Harima Heavy Industries Co., Ltd.)
8.12 Ball Corporation
9. FUTURE MARKET OUTLOOK
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