3D printing in low-cost satellite market to grow by USD 19,906.63 million from 2022 to 2027; The rapid development and deployment of low-cost satellites drives growth - Technavio

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Aug 10, 2023, 23:58 ET

NEW YORK, Aug. 10, 2023 /PRNewswire/ -- The 3D printing in low-cost satellite market size is set to grow by USD 19,906.63 million between 2022 and 2027 and register a CAGR of 68.31%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. The report is segmented by Application, Product, and Geography. The aerospace and defense segment will be significant during the forecast period. In the aerospace and defense sector, the demand for low-cost satellites grows owing to the growing need for affordable and reliable satellite technology for various mission-critical applications. Moreover, 3D printing offers various benefits in low-cost satellite and aerospace applications. Hence, such factors drive the aerospace and defense segment of 3D printing in the low-cost satellite market during the forecast period. Technavio offers in-depth market insights that assist global businesses to obtain growth opportunities. Read Sample Report

Technavio has announced its latest market research report titled Global 3D Printing in Low-Cost Satellite Market

The report also covers the following areas:

3D Printing in Low-Cost Satellite Market 2023-2027: Segmentation

Application

Aerospace And Defense
Scientific Research

Product

Power System
Framework
Antenna

Geography

North America
Europe
APAC
South America
Middle East And Africa

Learn more about the factors assisting the growth of the market, download a sample report!

3D Printing in Low-Cost Satellite Market 2023-2027: Company Analysis and Scope

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Some of the major vendors of 3D printing in the low-cost satellite market include Aerojet Rocketdyne Holdings Inc., Airbus SE, The Boeing Co., EOS GmbH, Lockheed Martin Corp., and Stratasys Ltd. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on 3D printing in low-cost satellite markets are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
Company Offerings

Aerojet Rocketdyne Holdings Inc. - The company offers 3D printing in low-cost satellites under the subsidiary 3DMT.
Airbus SE - The company offers 3D printing in low-cost satellites such as Airbus Eurostar Neo.
The Boeing Co. - The company offers 3D printing in low-cost satellites for Mass, Time, and Cost savings.

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3D Printing in Low-Cost Satellite Market 2023-2027: Market Dynamics

Key Driver - The rapid development and deployment of low-cost satellites

The rapid development and deployment of low-cost satellites drive the growth of 3D printing in the low-cost satellite market.
Various countries are increasingly focusing on innovative, cost-effective satellite launches.
For instance, NASA is expected to launch a suite of six small, next-generation satellites during the forecast period, which will provide necessary information and updates on hurricanes, energy requirements, and weather.
Hence, such factors boost the growth of 3D printing in the low-cost satellite market during the forecast period.

Significant Trend - Increased use of advanced materials

The growing use of advanced materials is an emerging 3D printing in the low-cost satellite market trend.
The printing of satellite components using materials with specific properties is enabled by additive manufacturing techniques.
Furthermore, advanced materials are being used in global 3D printing in the low-cost satellite market, which drives innovations in the low-cost satellite market. Resultantly, lighter, stronger, and more durable components are being produced.
Hence, such trends fuel the growth of 3D printing in the low-cost satellite market during the forecast period.

Major Challenge - Scalability issues

Scalability issues challenge the growth of 3D printing in the low-cost satellite market.
3D printing is a cost-effective technology to create small and complex satellite components but it has limited scalability in large-scale or high-volume production. This is because 3D printers are slow in producing large and complex satellite components.
Furthermore, post-processing steps such as polishing, sanding, and painting of 3D-printed components take significant time and human resources, which is manual and labor-intensive.
Hence, such challenges impede the growth of 3D printing in the low-cost satellite market during the forecast period.

3D Printing in Low-Cost Satellite Market 2023-2027: Key Highlights

CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist 3D printing in low-cost satellite market growth during the next five years
Estimation of the 3D printing in low-cost satellite market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the 3D printing in low-cost satellite market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of 3D printing in low-cost satellite market vendors

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3D Printing In Low-Cost Satellite Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 68.31%
Market growth 2023-2027	USD 19,906.63 million
Market structure	Concentrated
YoY growth 2022-2023(%)	57.25
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 48%
Key countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Aerojet Rocketdyne Holdings Inc., Airbus SE, The Boeing Co., EOS GmbH, Lockheed Martin Corp., and Stratasys Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 3D printing in low-cost satellite market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on 3d printing in low-cost satellite market 2017 - 2021 ($ million)

4.2 Application Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.3 Product Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments

Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

6.2 Comparison by Application

Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application

6.3 Aerospace and defense - Market size and forecast 2022-2027

Exhibit 34: Chart on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Aerospace and defense - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Aerospace and defense - Year-over-year growth 2022-2027 (%)

6.4 Scientific research - Market size and forecast 2022-2027

Exhibit 38: Chart on Scientific research - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Scientific research - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Scientific research - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Scientific research - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Application

Exhibit 42: Market opportunity by Application ($ million)
Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Product

7.1 Market segments

Exhibit 44: Chart on Product - Market share 2022-2027 (%)
Exhibit 45: Data Table on Product - Market share 2022-2027 (%)

7.2 Comparison by Product

Exhibit 46: Chart on Comparison by Product
Exhibit 47: Data Table on Comparison by Product

7.3 Power system - Market size and forecast 2022-2027

Exhibit 48: Chart on Power system - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on Power system - Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on Power system - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Power system - Year-over-year growth 2022-2027 (%)

7.4 Framework - Market size and forecast 2022-2027

Exhibit 52: Chart on Framework - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Framework - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Framework - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Framework - Year-over-year growth 2022-2027 (%)

7.5 Antenna - Market size and forecast 2022-2027

Exhibit 56: Chart on Antenna - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Data Table on Antenna - Market size and forecast 2022-2027 ($ million)
Exhibit 58: Chart on Antenna - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Antenna - Year-over-year growth 2022-2027 (%)

7.6 Market opportunity by Product

Exhibit 60: Market opportunity by Product ($ million)
Exhibit 61: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 63: Chart on Market share by geography 2022-2027 (%)
Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027

Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027

Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027

Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027

Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027

Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027

Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 UK - Market size and forecast 2022-2027

Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.11 Germany - Market size and forecast 2022-2027

Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.12 Japan - Market size and forecast 2022-2027

Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 107: Market opportunity by geography ($ million)
Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 109: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 111: Overview on factors of disruption

11.4 Industry risks

Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 113: Vendors covered

12.2 Market positioning of vendors

Exhibit 114: Matrix on vendor position and classification

12.3 Aerojet Rocketdyne Holdings Inc.

Exhibit 115: Aerojet Rocketdyne Holdings Inc. - Overview
Exhibit 116: Aerojet Rocketdyne Holdings Inc. - Business segments
Exhibit 117: Aerojet Rocketdyne Holdings Inc. - Key offerings
Exhibit 118: Aerojet Rocketdyne Holdings Inc. - Segment focus

12.4 Airbus SE

Exhibit 119: Airbus SE - Overview
Exhibit 120: Airbus SE - Business segments
Exhibit 121: Airbus SE - Key news
Exhibit 122: Airbus SE - Key offerings
Exhibit 123: Airbus SE - Segment focus

12.5 The Boeing Co.

Exhibit 124: The Boeing Co. - Overview
Exhibit 125: The Boeing Co. - Business segments
Exhibit 126: The Boeing Co. - Key offerings
Exhibit 127: The Boeing Co. - Segment focus

12.6 EOS GmbH

Exhibit 128: EOS GmbH - Overview
Exhibit 129: EOS GmbH - Product / Service
Exhibit 130: EOS GmbH - Key offerings

12.7 Lockheed Martin Corp.

Exhibit 131: Lockheed Martin Corp. - Overview
Exhibit 132: Lockheed Martin Corp. - Business segments
Exhibit 133: Lockheed Martin Corp. - Key news
Exhibit 134: Lockheed Martin Corp. - Key offerings
Exhibit 135: Lockheed Martin Corp. - Segment focus

12.8 Stratasys Ltd.

Exhibit 136: Stratasys Ltd. - Overview
Exhibit 137: Stratasys Ltd. - Product / Service
Exhibit 138: Stratasys Ltd. - Key news
Exhibit 139: Stratasys Ltd. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 140: Inclusions checklist
Exhibit 141: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 142: Currency conversion rates for US$

13.4 Research methodology

Exhibit 143: Research methodology
Exhibit 144: Validation techniques employed for market sizing
Exhibit 145: Information sources

13.5 List of abbreviations

Exhibit 146: List of abbreviations

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