Product ID: SQMIG45J2146
Report ID:
SQMIG45J2146 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
93 |
Figures:
76
North America has dominated the world market for satellite production. The existence of significant satellite producers and operators, as well as significant public and private sector investments in satellite technology, are principally responsible for this supremacy. Many of the top satellite businesses and organizations are based in the United States, which has been essential in fostering innovation and market dominance. The dominance of North America in the satellite manufacturing industry has been considerably aided by businesses like Boeing, Lockheed Martin, and SpaceX.
Asia has recently emerged as one of the continents with the greatest rate of growth in the world market for satellite manufacturing. Satellite manufacturing operations have increased as a result of significant investments made in space projects by several Asian nations, particularly China and India. With its ambitious plans for space research and a burgeoning satellite business, China has emerged as a major participant in the field. Additionally, India's Indian Space Research Organisation (ISRO) has shown off its prowess in satellite manufacture and launch services, adding to Asia's expansion. Asia's satellite manufacturing industry is one of the fastest growing in the world due to the region's growing need for satellite-based communication, Earth observation, and navigation services.
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Product ID: SQMIG45J2146