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)?
Think of mechanical ground support equipment (MGSE) as the unsung heroes behind every successful space mission. They're responsible for everything from gently handling and carefully testing sensitive hardware to calibrating instruments and even moving equipment around. You'll find MGSE playing a crucial role in tasks like automating tests, running simulations, and performing thorough system checkouts. Plus, it's used for specialized experiments and handling heavy loads. Inside those ultra-clean rooms, MGSE is vital for the assembly, integration, and testing of spacecraft. Imagine a multipurpose trolley that can tilt, rotate, lift, and move a whole Spacecraft (S/C) or its components! Then there are lifting devices, using a crane to raise the spacecraft vertically or horizontally. And integration stands? They securely hold and move the (S/C) upright. For antenna testing, you've got CATR equipment, carefully supporting the (S/C) and its antenna. Finally, there's specialized equipment that mimics zero-gravity, allowing engineers to deploy delicate parts like panels, radiators, or booms that attach to spacecraft.
U.S. and Canada MGSE in Space (Satellite) Market Overview
Think of it this waymore and more people want eyes and ears in the sky for military and communication purposes, and that's really fueling the growth of this whole market. We've seen a huge jump in the demand for satellites that can handle communication and reconnaissance for military operations. Governments, space agencies, defense agencies, private defense contractors – basically everyone involved – is pushing hard to improve communication networks. They want better intelligence, surveillance, and ways to grab data, especially using satellites. Now, a GEO satellite, that's one cool piece of tech. It hangs out in geosynchronous orbit, meaning it keeps pace with the Earth's rotation. The awesome part? It stays put in the sky from our point of view. That means ground stations don't need fancy tracking antennas – they can just point in one direction! This makes things way cheaper and simpler. These satellites have totally changed how we do global communications, television broadcasting, and even weather forecasting, not to mention all the important stuff they do for defense and intelligence.
But, let's be real, the hefty price tag on satellite parts and getting them set up could slow things down. Medium and large satellites? They need tons of stuff just to send signals, handle communications, snap pictures, and generally do all the cool things they're meant to do. And even though we've got these smaller micro-, nano-, and small satellites now, the regular parts they use are actually more expensive than they used to be! It's because they also need more ground support, like monitoring stations and all the bits that go with them. All this extra cost? Yeah, it's likely to hold the market back. Plus, building new space network stations or getting any of that fancy space infrastructure in place? It's going to cost a fortune.
Think of MGSE as a helping hand when you're putting satellites together. It's like a super-efficient tool designed to speed things up, especially for those integrators working with small satellites. We all know handling delicate satellite parts by hand takes time and a lot of care! This includes time-consuming tasks like documentation and safety checks. By using MGSE, you can actually cut down on unnecessary steps and effort, freeing up valuable resources and boosting production speed. It really opens up exciting opportunities for the market!
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
Okay, so when we look at the market by Types, it's split into two main playersNano Satellites and Reusable Launch Vehicles. Seems like Nano Satellites were the top dog in 2020 and are expected to keep growing like crazy, maybe around 14.44% each year! Reusable Launch Vehicles are also doing well, holding the second-largest market share in 2020 and showing promise for growth. Now, what's a nanosatellite anyway? Basically, it's a tiny satellite, weighing less than 10 kilograms. They're super popular right now because they're lightweight compared to the old-school satellites. More and more people are using them because they're a great deal – you get the same (or almost the same) abilities, but they're way cheaper than those traditional satellites that can cost hundreds of millions of dollars.
U.S. and Canada MGSE in Space (Satellite) Market by Application
When we look at how it's used (that's Application), the market's basically split into three areasCommercial, Civil, and Defense. Back in 2020, Commercial was the biggest piece of the pie, and we're expecting it to keep growing at a pretty good clip – around 12.86% each year. Civil was number two in 2020, and it's also predicted to expand in the coming years. Now, when we talk about Commercial use of MGSE, we're talking about things like using commercial satellites for space stuff. These US commercial satellites are super important for keeping our telecommunications going strong. They also help out a bunch of other important commercial areas in the US, like banking, finance, transportation, and all sorts of other businesses.
U.S. and Canada MGSE in Space (Satellite) Market by Geography
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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