U.S & Canada MGSE in Space (Satellite) Market Size By Type(Nano Satellites and Reusable Launch Vehicles), By Application(Commercial, Civil, and Defense), By Geographic Scope And Forecast
Published on: 2024-08-09 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
U.S & Canada MGSE in Space (Satellite) Market Size By Type(Nano Satellites and Reusable Launch Vehicles), By Application(Commercial, Civil, and Defense), By Geographic Scope And Forecast
U.S. and Canada MGSE in Space (Satellite) Market Size And Forecast
U.S. and Canada MGSE in Space (Satellite) Market size was valued at USD 6,084.15 Million in 2021 and is projected to reach USD 19,119.57 Million by 2030, growing at a CAGR of 13.60% from 2022 to 2030.
Increased demand for military reconnaissance and communication applications driving the growth of the market. The U.S. and Canada MGSE in Space (Satellite) Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is MGSE in Space (Satellite)?
Mechanical ground support equipment (MGSE) is used for the handling, testing, calibration, and transportation of sensitive hardware, electrical equipment for automated tests, and simulation and system checkouts. In addition, it also finds its application for specific devices for experiments and loading capacities. The MGSE is used for assembly, integration, and test activities of spacecraft inside the clean rooms. It consists of the multipurpose trolley to tilt rotate, lift and move a Spacecraft (S/C) or its elements. Lifting devices are used to lift the spacecraft in the vertical and horizontal direction with the use of a facility crane. In addition, the integration stands are used to hold and move the (S/C) in the vertical direction. CATR equipment is used to hold the (S/C) with its antenna during the antenna test. Other equipment is used to simulate the zero-gravity condition in space and to deploy sensible equipment such as panels, radiators, or booms that are connected to space crafts.
U.S. and Canada MGSE in Space (Satellite) Market Overview
Increased demand for military reconnaissance and communication applications driving the growth of the market. In the last few years, there has been surplus demand for satellites for communication and military reconnaissance applications. The governments, space agencies, defense agencies, private defense contractors, and private space industry players are emphasizing the enhancement of the communication network capabilities for public and military reconnaissance applications such as intelligence, surveillance, and target and data acquisition applications. A GEO satellite is a satellite in geosynchronous orbit, with an orbital period the same as the Earth’s rotation period. GEO satellites have the advantage of remaining permanently in the same area of the sky, as viewed from a particular location on Earth, and so permanently within view of a given ground station. Therefore, receiving and transmitting antennas on the earth do not need to track such a satellite. These antennas can be fixed in place and are much less expensive than tracking antennas. These satellites have revolutionized global communications, television broadcasting and weather forecasting, and have a number of important defense and intelligence applications.
However, high costs related to satellite components and their installation are expected to restrain the market growth. The space systems and infrastructure of medium and large satellites require a variety of satellite components to deliver signals, communications, imaging solutions, and other solutions which enhance the capabilities of the satellites. Since the advent of micro-, nano-, and small satellites, the conventional satellite components for these satellites have become costlier than earlier, as it also requires more space infrastructure such as ground monitoring stations, and their associated components. This development is anticipated to hamper the market growth. However, a very high cost is required for new space network stations or relevant space infrastructure.
Furthermore, MGSE acts as a tool to optimize the assembly process of the satellites, this opportunity for the market. MGSE was invented as a tool to optimize the assembly process of the satellites. It is dedicated to integrators of small satellites who want to improve the assembly processes and produce satellites quicker than ever before. Any manual activity with the satellite has to be done with care. But it consumes time and resources due to required repeated activities like reporting and safety procedures included in the original process. Implementation of the appropriate tool may help to reduce steps as well as the effort and required resources needed to achieve the goal.
U.S. and Canada MGSE in Space (Satellite) MarketSegmentation Analysis
U.S. and Canada MGSE in Space (Satellite) Market is segmented based on Type, Application, and Geography.
U.S. and Canada MGSE in Space (Satellite) Market by Type
- Nano Satellites
- Reusable Launch Vehicles
Based on Types, the market is bifurcated into Nano Satellites and Reusable Launch Vehicles. Nano Satellites accounted for the largest market share in 2020 and are projected to grow at the highest CAGR of 14.44% during the forecast period. Reusable Launch Vehicles were the second-largest market in 2020, and it is projected to grow in the forecasted year. Nanosatellite refers to a very small or miniature satellite that weighs not more than 10 kilograms. Currently, nanosatellites are the most widely-used forms as very light as compared to traditional satellites. The adoption of nanosatellites is growing as these offer various advantages over traditional ones. Nanosatellites are cheaper and possess the same or similar capabilities. On the other hand, the traditional satellites cost hundreds of millions of dollars.
U.S. and Canada MGSE in Space (Satellite) Market by Application
- Commercial
- Civil
- Defense
Based on Application, the market is bifurcated into Commercial, Civil, and Defense. Commercial accounted for the largest market share in 2020, with a market value, and is projected to grow at a CAGR of 12.86% during the forecast period. Civil was the second-largest market in 2020, it is projected to grow in forecasted years. Commercial application of the MGSE refers to the use in commercial space by using commercial satellites. US commercial satellites are an integral part of the country’s important and robust telecommunications infrastructure. These satellites support many other US critical commercial infrastructures, including banking, finance, transportation, and many other commercial sectors.
U.S. and Canada MGSE in Space (Satellite) Market by Geography
- U.S.
- Canada
On the basis of Geography, the U.S. and Canada MGSE in Space (Satellite) Market is classified into U.S. and Canada. The U.S. accounted for the largest market share in 2020, with a market is projected to grow at the highest CAGR of 13.97% during the forecast period. Canada was the second-largest market in 2020.
Key Players
The “U.S. and Canada MGSE in Space (Satellite) Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are ECA Group, Honeywell, Thales Group, TELEDYNE TECHNOLOGIES, Spika Design & Manufacturing, Ruag Space, Pentacon, Bertin technologies, General Electrics, Electroimpact, Flotron, and others.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
US And Canada MGSE in Space Satellite Market
Key Developments
• Honeywell, had rapidly growing small satellite market segment by adding three new Types to its line-up of space offerings. The newest additions included Honeywell’s X Band Downlink Transmitter and Optical Communication Terminal (OCT). Additionally, Honeywell was debuting a new line of Commercial Series reaction wheel assemblies specifically designed for commercial space satellites
• Honeywell had fully qualified its newest 3-Axis Space Magnetometer designed for small satellitesThe new magnetometer meets the needs of the emerging New Space segment, where large numbers of small satellites operate in a lower orbit than larger, traditional satellites
• Thales Group’s first Spacebus Neo all-electric platform from Thales Alenia space passes key milestone. KONNECT is the first satellite to use the new Spacebus Neo all-electric platform.
Report Scope
Report Attributes | Details |
---|---|
Study Period | 2018-2030 |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Period | 2018-2020 |
Unit | Value (USD Billion) |
Key Companies Profiled | ECA Group, Honeywell, Thales Group, TELEDYNE TECHNOLOGIES, Spika Design & Manufacturing, Ruag Space, Pentacon, Bertin technologies, General Electrics, Electroimpact, Flotron, and others. |
Segments Covered | By Type, By Application, By Geographic Scope And Forecast |
Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support
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