Summary

Space Equipment Trends and Forecast
The future of the global space equipment market looks promising with opportunities in the aerospace, business and resources markets. The global space equipment market is expected to reach an estimated $550.2 billion by 2030 with a CAGR of 4.2% from 2024 to 2030. The major drivers for this market are growing usage of satellite imagery in commercial & military sectors bodes well and increasing prices of combat aircraft has shifted the focus on innovations in air-to-air missile systems.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Space Equipment by Segment
The study includes a forecast for the global space equipment by type, application, and region

Space Equipment Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Communication Satellite
• Observation Satellite
• Vehicle

Space Equipment Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Aerospace
• Business
• Resources

Space Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Space Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies space equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the space equipment companies profiled in this report include-
• AAR Corp.
• Airbus
• Applied Radar
• Arianespace SA
• BAE Systems
• Ball Aerospace &Technologies
• Bombardier
• Dassault Aviation
• DigitalGlobe Inc.
• Honeywell International


Space Equipment Market Insights
Lucintel forecasts that vehicle will remain the largest segment over the forecast period.
Within this market, aerospace will remain the largest segment.
North America is expected will remain the largest region over the forecast period.

Features of the Global Space Equipment Market

Market Size Estimates: Space equipment market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Space equipment market size by type, application, and region in terms of value ($B).
Regional Analysis: Space equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the space equipment market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the space equipment market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the space equipment market size?
Answer: The global space equipment market is expected to reach an estimated $550.2 billion by 2030.

Q.2 What is the growth forecast for space equipment market?
Answer: The global space equipment market is expected to grow with a CAGR of 4.2% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the space equipment market?
Answer: The major drivers for this market are growing usage of satellite imagery in commercial & military sectors bodes well and increasing prices of combat aircraft has shifted the focus on innovations in air-to-air missile systems.

Q4. What are the major segments for space equipment market?
Answer: The future of the space equipment market looks promising with opportunities in the aerospace, business, and resources markets.

Q5. Who are the key space equipment market companies?
Answer: Some of the key space equipment companies are as follows:
• AAR Corp.
• Airbus
• Applied Radar
• Arianespace SA
• BAE Systems
• Ball Aerospace &Technologies
• Bombardier
• Dassault Aviation
• DigitalGlobe Inc.
• Honeywell International



Q6. Which space equipment market segment will be the largest in future?
Answer: Lucintel forecasts that vehicle will remain the largest segment over the forecast period.

Q7. In space equipment market, which region is expected to be the largest in next 5 years?
Answer: North America is expected will remain the largest region over the forecast period.

Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the space equipment market by type (communication satellite, observation satellite, and vehicle), application (aerospace, business, and resources), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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