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2015-2019

Global Satellite Manufacturing and Launch


Market

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2015-2019

Global Satellite Manufacturing and Launch


Market

Table of Contents

01. Executive Summary ........................................ 1


02. List of Abbreviations........................................ 2
03. Scope of the Report ........................................ 4
03.1 Market Overview .................................................... 4
03.2 Product and Service Offerings .............................. 4

04. Market Research Methodology..................... 5


04.1 Market Research Process ...................................... 5
04.2 Research Methodology ......................................... 5

05. Introduction ..................................................... 7


06. Market Landscape ....................................... 11
06.1 Market Size and Forecast .................................... 11
06.2 Five Forces Analysis ............................................. 17

07. Geographical Segmentation ....................... 19


07.1 Satellite Manufacturing and Launch Market in
Americas ............................................................... 20
07.1.1 Market Size and Forecast......................................................... 20

07.2 Satellite Manufacturing and Launch Market in


EMEA ...................................................................... 21
07.2.1 Market Size and Forecast......................................................... 21

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2015-2019

Global Satellite Manufacturing and Launch


Market
07.3 Satellite Manufacturing and Launch Market in
APAC ..................................................................... 23
07.3.1 Market Size and Forecast......................................................... 23

08. Buying Criteria............................................... 25


09. Market Growth Drivers .................................. 26
10. Drivers and Their Impact .............................. 29
11. Market Challenges ....................................... 31
12. Impact of Drivers and Challenges .............. 33
13. Market Trends................................................ 34
14. Trends and Their Impact ............................... 36
15. Vendor Landscape ....................................... 37
15.1 Competitive Scenario .......................................... 37
15.2 Other prominent vendors .................................... 38

16. Key Vendor Analysis..................................... 41


16.1 Airbus Defence and Space ................................. 41
16.1.1 Key Facts ..................................................................................... 41
16.1.2 Business Overview...................................................................... 41
16.1.3 Recent Developments ............................................................. 42
16.1.4 SWOT Analysis ............................................................................. 43

16.2 Boeing Defense, Space, and Security ............... 44


16.2.1 Key Facts ..................................................................................... 44
16.2.2 Business Overview...................................................................... 44
16.2.3 Product Segmentation ............................................................. 45
16.2.4 Business Strategy ........................................................................ 45
16.2.5 Recent Developments ............................................................. 46

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2015-2019

Global Satellite Manufacturing and Launch


Market
16.2.6 SWOT Analysis ............................................................................. 47

16.3 Orbital ATK ............................................................ 48


16.3.1 Key Facts ..................................................................................... 48
16.3.2 Business Overview...................................................................... 49
16.3.3 Business Segmentation by Revenue 2014 ............................ 50
16.3.4 Market Segmentation by Revenue 2014 .............................. 50
16.3.5 Business Strategy ........................................................................ 51
16.3.6 Recent Developments ............................................................. 51
16.3.7 SWOT Analysis ............................................................................. 52

16.4 SSL .......................................................................... 53


16.4.1 Key Facts ..................................................................................... 53
16.4.2 Business Overview...................................................................... 53
16.4.3 Recent Developments ............................................................. 54
16.4.4 SWOT Analysis ............................................................................. 55

17. Other Reports in this Series ........................... 56

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2015-2019

Global Satellite Manufacturing and Launch


Market

List of Exhibits

Exhibit 1: Market Research Methodology.................................. 5


Exhibit 2: Satellite Industry Segments .......................................... 8
Exhibit 3: Applications of Satellites .............................................. 9
Exhibit 4: Satellite-based Services ............................................. 10
Exhibit 5: Global Satellite Manufacturing and Launch Market
2014-2019 ($ billions)............................................................ 11
Exhibit 6: Global Satellite Manufacturing and Launch Market
2014 and 2019 ...................................................................... 13
Exhibit 7: Global Satellite Manufacturing and Launch Market
2014-2019 ($ billions)............................................................ 14
Exhibit 8: Global Satellite Manufacturing Market 2014-2019 ($
billions) .................................................................................. 14
Exhibit 9:
Global Satellite Launch Market 2014-2019 ($
billions) .................................................................................. 15
Exhibit 10: Segmentation of Market by Geography 2014 and
2019 ..................................................................................... 19
Exhibit 11: Satellite Manufacturing and Launch Market in
Americas 2014-2019 ($ billions) .......................................... 20
Exhibit 12: Satellite Manufacturing and Launch Market in
EMEA 2014-2019 ($ billions)................................................. 21
Exhibit 13: Satellite Manufacturing and Launch Market in
APAC 2014-2019 ($ billions) ................................................ 23

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2015-2019

Global Satellite Manufacturing and Launch


Market
Exhibit 14: Key Vendors............................................................... 38
Exhibit 15: Boeing Defense, Space, and Security: Product
Segmentation 2013 ............................................................. 45
Exhibit 16: Orbital ATK: Business Segmentation by Revenue
2014 .................................................................................... 50
Exhibit 17: Orbital ATK: Market Segmentation by Revenue
2014 .................................................................................... 50

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Global Satellite Manufacturing and Launch Market 2015-2019

01. Executive Summary


Market Size

2014: $21.81 billion


2019: $28.02 billion

Market Growth Rate

2014: 6.64%
2019: 17.97%

CAGR

5.14%

Key Geographies

Americas: 35.72%
EMEA: 34.87%
APAC: 29.41%

Key Customer Segments

Civil/Government Bodies
Commercial Organizations
Military and Defense Industry

Key Market Drivers

Growing Utilization for Military and Defense Applications


Increased Application in Telemetry
Increased Demand in Commercial Applications
Low-cost Solutions through Nano and Microsatellites
Technological Innovation in Electronics

Key Market Challenges

Defense Budget Cuts


Design and Manufacturing Difficulties
Growing Issues of Space Debris
Launch Delays
Satellite Deorbiting Issues

Key Market Trends

All-electric Propulsion System for Satellites


Development of Reusable Space Launch Vehicles
Progression toward Low-cost Satellite-based Internet Services
Use of 3D Printing Technology

Key Buying Criteria

Capabilities as per Mission Requirement


Low Cost to Build and Operate
Reliability
Size and Weight

Key Vendors

Airbus Defence and Space


Boeing Defense, Space, and Security
Orbital ATK
Space Systems Loral (SSL)

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02. List of Abbreviations


AIS

Automatic Identification System

C4ISR

Command, Control, Communications, Computers, Intelligence,


Surveillance, and Reconnaissance

CAD

Computer-aided design

CDR

Critical design review

CST

Crew Space Transportation

DoD

Department of Defense

EDRS C

European Data Relay Satellite C

ELV

Expendable launch vehicle

ESA

European Space Agency

EU

European Union

FAA

Federal Aviation Administration

FCC

Federal Communications Commission

GEO

Geostationary Earth orbit

GLONASS

Global Navigation Satellite System

GPS

Global Positioning System

GSO

Geosynchronous Orbit

IADC

Inter-Agency Space Debris Coordination Committee

IFF

Identification Friend-or-foe

ISR

Intelligence, Surveillance, and Reconnaissance

ISRO

Indian Space Research Organization

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JMR TD

Joint Multi-role Technology Demonstrator

LEO

Low Earth orbit

M2M

Machine to machine

MEMS

Microelectromechanical systems

MRTT

Multi Role Tanker Transport

NASA

National Aeronautics and Space Administration

NAVSTAR

Navigation Satellite Timing and Ranging System

SBIRS

Space-based Infrared System

SLS

Space launch systems

UAS

Unmanned aerial systems

UAV

Unmanned aerial vehicle

UN

United Nations

USAF

US Air Force

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03. Scope of the Report


03.1 Market Overview
In this report, Technavio covers the present scenario and the growth prospects of the global
satellite manufacturing and launch market for the period 2015-2019. We provide a global
overview as well as growth prospects by region (the Americas, APAC, and EMEA). We also
present the market landscape and a corresponding detailed analysis of the prominent vendors.
In addition, the report discusses the major drivers influencing market growth, outlines the
challenges faced by vendors and the market as a whole, and identifies the key trends in the
market.

03.2 Product and Service Offerings


Company

Products and Services Offered

Airbus Defense and Space

Access and management of geodata


Base maps
Geo-intelligence platforms and software
Monitoring services
Satellite imagery

Boeing Defense,
and Security

GPS
Satellite systems
Satellite launch systems

Orbital ATK

Communication satellites
Hosted payloads
Science and environmental satellites
SLS
Space systems

SSL

Digital audio radio satellites


Direct broadcast satellites
Fixed satellite services
Mobile satellite services

Space,

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04. Market Research Methodology


04.1 Market Research Process
Technavio has collected and analyzed key data related to the global satellite manufacturing
and launch market using a variety of methods. The market dynamics have been determined
following a detailed study of the microeconomic, mesoeconomic, and macroeconomic
indicators of the market.

04.2 Research Methodology


This report is based on in-depth qualitative and quantitative analyses of the global satellite
manufacturing and launch market. The qualitative analysis involved primary interviews, surveys,
and vendor briefings. The quantitative analysis involved the application of various projection
and sampling techniques. The data gathered as a result of these processes were validated by
experts.

Exhibit 1:

Market Research Methodology

Global Satellite
Manufacturing and
Launch Market 20152019

Source: Technavio Research

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Based on the research results and technical insights gathered, Technavio has provided a
comprehensive analysis of the varied aspects of the market. The impact of global economic
conditions and other macroeconomic indicators were also considered when assessing the
market.

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05. Introduction
Satellites are launched into space to provide services such as communications, telemetry,
remote sensing, surveillance, and so on. They are designed according to their intended
applications. They may be classified as communications satellites, navigation satellites,
reconnaissance satellites, or remote sensing satellites. According to the orbit that they are in,
they are also classified as LEO satellites, sun-synchronous orbit satellites, and geosynchronous
satellites. Based on size, satellites are categorized as large, medium-sized, mini, micro, nano,
pico, and femto.
We expect the global satellite manufacturing and launch market to grow at a CAGR of 5.14%
during the forecast period. In 2014, the Americas led the market with a share of 35.72%, followed
by EMEA with a share of 34.87% and APAC with a share of 29.41%.
The growing utilization of satellites for military surveillance and other defense applications has
been pushing market growth. Along with the growing use of UAVs and modern equipment, the
military also needs more data bandwidth and reliable communication infrastructure. The
demand for these satellites for commercial applications such as GPS services and the Internet
has also increased. Increased demand for satellite-based telemetry applications also
contributes to market growth.
However, there are many design and manufacturing complexities associated with satellites.
They need to be reliable and capable of withstanding the harsh conditions of their launch and
the extreme environments of outer space while also considering the prohibitive cost, safety, and
certification requirements for the design and build. Budget cuts in the military and defense
sector, which is one of the primary end users of satellites, especially in Europe and the US, also
hamper market growth. The increase of space debris is another hindrance in the market.
The development of all-electric propulsion systems for satellites and reusable space launch
vehicles will contribute significantly to market growth. The use of nano and microsatellites in the
development of low-cost satellite-based Internet services will also open up opportunities for the
market. 3D printing technology is expected to give market growth considerable traction. Its use
in the building of satellite parts and components will reduce costs significantly and even enable
the construction of miniaturized satellite components in space, eliminating the need to launch
from Earth.

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Exhibit 2:

Satellite Industry Segments

Ground
Equipment

Satellite Services

Satellite
Industry

Satellite Launch
Industry

Satellite
Manufacturing
Industry

Source: Technavio Research

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Exhibit 3:

Applications of Satellites

Commercial Communications

Government Communications
Meteorology
Military Surveillance
Navigation
R&D and Space Sciences
Remote Sensing
Source: Technavio Research

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Exhibit 4:

10

Satellite-based Services

Satellite Television
Satellite Radio
Satellite Internet

Spaceflight
Management
Services
Transponder
Agreements

Consumer
Satellite
Services

FixedSatellite
Services

Remotesensing
Services

Mobile
Satellite
Services

Imaging Services
Remote Sensing
Applications

Mobile Data
Mobile Voice

Source: Technavio Research


In terms of market size, consumer satellite services is the largest segment, and is followed by the
fixed-satellite services, mobile satellite services, and remote-sensing services segment,
respectively. Increased demand for satellite TV services, driven by growth in emerging markets,
has contributed considerably to demand in the market.

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11

06. Market Landscape


06.1 Market Size and Forecast
The global satellite manufacturing and launch market was valued at $21.81 billion in 2014 and
will likely reach $28.02 billion by 2019, growing at a CAGR of 5.14%.

Exhibit 5:

Global Satellite Manufacturing and Launch Market 2014-2019 ($ billions)

Source: Technavio Research


There is increased demand for satellites from the civil/government, commercial, and military
sectors. Europe and North America have been at the forefront of the market in terms of
development and launch of satellites. However, the growing demand for satellite-based
infrastructure in emerging countries such as China and India has contributed to the
development of the market in APAC.
Advances in the technology of nano and microsatellites have not only enabled markets in
developing countries to enhance their satellite infrastructure but have also opened up new
opportunities in those markets. CubeSat, for instance, has revolutionized the satellite industry. The
low cost of manufacturing such satellite systems has made it possible for universities and
research institutes to build and test satellite systems that use off-the-shelf electronic components.

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The emergence of nano and microsatellites has helped the market grow in terms of number of
satellites. However, they currently constitute only a small portion of the market in terms of
revenue.

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Exhibit 6:

13

Global Satellite Manufacturing and Launch Market 2014 and 2019

Source: Technavio Research


In 2014, revenue from satellite manufacturing constituted 74.96% of the market while satellite
launch constituted the remaining 25.04%. Currently, the US, Russia, China, Japan and a few
European countries have a stronghold in satellite manufacturing.
However, with the demand for nano and microsatellites on the rise, the manufacturing base of
satellites is likely to expand to more regions. Many developing countries have shown interest in
the development and utilization of satellites such as CubeSat.
The satellite launch market will likely grow to 28.98% by 2019. The entry of private players in the
lucrative space launch business (most notably in the US) and new technological developments
in this field are expected to boost market growth.

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Exhibit 7:

14

Global Satellite Manufacturing and Launch Market 2014-2019 ($ billions)

Source: Technavio Research

Exhibit 8:

Global Satellite Manufacturing Market 2014-2019 ($ billions)

Source: Technavio Research

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In terms of revenue, satellites for military surveillance, commercial communications, and


civil/military communications constituted a major portion of the overall market. The emergence
of nano and microsatellites has also contributed to market growth. These small satellites
constitute a major portion in terms of number of units. However, it represented only 4.5% of the
satellite manufacturing market in terms of revenue in 2014.
The US is the single largest manufacturer of satellites worldwide and constitutes 70% of the global
satellite manufacturing market. Most of the satellite manufacturing revenue in the US is
generated from government contracts. Europe, China, Russia, and Japan are the other major
satellite manufacturers.

Exhibit 9:

Global Satellite Launch Market 2014-2019 ($ billions)

Source: Technavio Research


Russia, the US, and China are the three major markets for space launch activities worldwide. In
2015, 173 launches are expected, as per the data available on space launch schedule for the
year. There were 92 space launches worldwide in 2014: Russia accounted for 36, the US for 23,
and China for 16. In 2013, there were 81 space launches worldwide.
However, the space launch industry is affected by regional/global economic conditions; as a
result, there have been fluctuations in the total number of space launches in the past. Technical
issues and weather conditions also affect the number of launches.

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As per historical space launch events, current market insights, and future space launch
schedules, the share of the space launch market will likely decline in 2016 and 2017. However,
the market is expected to rebound in 2018 and 2019, especially because of the increased
number of space launch activities in Kazakhstan, the US, and French Guiana. China is also
planning the launch of several satellites by 2019, primarily for maritime surveillance missions.
These satellites are intended for use in the monitoring of ships, drilling platforms, coastal
resources, and assessing and analyzing natural disasters.

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06.2 Five Forces Analysis


Bargaining Power of
Suppliers
(High)
The availability of
technologically advanced
solutions and the need for
regulatory compliance
enhances the bargaining
power of leading vendors
that possess patented
technologies and meet
specific aerospace
application requirements.

Threat of Substitutes
(Low)
Along with advances in
technology, the use of
satellites has also grown
among users ranging from
communications to
telemetry. The market has
been growing, which
decreases the threat of
substitutes (such as ground
based systems, e.g., GBAS).

Threat of Rivalry
(High)
There is strong competition
among existing satellite
manufacturers in terms of
cost of products and
advances in technology.

Bargaining Power of
Buyers
(Moderate)
There are many vendors that
provide satellite systems,
materials, and parts.
However, buyers do not have
control over product costs.

Threat of new entrants


(Moderately high)
New players, especially from
APAC, are increasingly
entering the market.

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Key
The impact of the five forces is graded on the basis of the intensity and duration of their
influence on the current market landscape. The magnitude of the impact has been categorized
as described below:

Low: Negligible or no impact on market growth

Moderate: Medium-level impact on market growth

Moderately High: Significant impact on growth of market

High: Very high impact, with radical influence on growth of market

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07. Geographical Segmentation


Exhibit 10:

Segmentation of Market by Geography 2014 and 2019

Source: Technavio Research

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07.1 Satellite Manufacturing and Launch Market in Americas


07.1.1 Market Size and Forecast
The market was valued at $7.79 billion in 2014 and will likely reach $9.34 billion by 2019, growing
at a CAGR of 3.70%.

Exhibit 11:

Satellite Manufacturing and Launch Market in Americas 2014-2019 ($

billions)

Source: Technavio Research


The US and Canada are the major markets in the Americas for space-based programs. Both
countries have advanced infrastructures and are involved in various space programs. NASA and
SpaceX in the US are developing new systems that are expected to meet the growing demand
for satellites in the future. For example, SpaceX is planning to launch a series of experimental
communication satellites. Furthermore, its fully reusable launch systems are expected to reduce
the cost of space access. In the US, the demand from the military and defense sector has been
increasing, mainly for navigation, communications, and spy satellites.
SpaceX has been working on the development of reusable space launch vehicles that can be
used for multiple satellite launch missions. This will further reduce the costs associated with the
launch of satellites and open up new opportunities to provide low-cost satellite-based services.
The markets in Brazil and Argentina also contribute to the growth of the market in the Americas.

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07.2 Satellite Manufacturing and Launch Market in EMEA


07.2.1 Market Size and Forecast
The market was valued at $7.61 billion in 2014 and will likely reach $9.20 billion by 2019, growing
at a CAGR of 3.87%.

Exhibit 12:

Satellite Manufacturing and Launch Market in EMEA 2014-2019 ($ billions)

Source: Technavio Research


The market in Europe has high technological capabilities and has the needed infrastructure for
space launch missions. Russia, Ukraine, Italy, France, Germany, Spain, the UK, and Norway are
the leading markets in this region. The ESA contributes to the development of satellite-based
infrastructure and space launch missions.
Russia is the leader in commercial space launches in the region and operates many spaceports.
It also pays around $115 million per year to Kazakhstan to use the country's Soviet-era satellite
launch sites. However, along with the emergence of countries with satellite launch capabilities in
other parts of Europe, Russia has now expanded its collaboration with the EU for new market
opportunities. Russia has been collaborating with the EU to launch satellites on Soyuz rockets
from a Russian-built site located in French Guiana.
The Guiana Space Center is based in French Guiana and is a primary space launch site for the
ESA. It is ideal for space launch missions because it provides access to an ocean buffer zone

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(ocean buffer zone reduces risks related to launching over populated areas). Many Russian and
European rockets have been launched from this site.
Israel, Saudi Arabia, and UAE are some of the major markets in the Middle East. Africa is currently
a small market and lacks adequate technological capabilities and infrastructure. However, it is
likely that Africa will become one of the important markets for low-cost satellite-based Internet
services in the near future. An increase in demand for communication and other satellite-based
services will also drive the potential of the market.

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23

07.3 Satellite Manufacturing and Launch Market in APAC


07.3.1 Market Size and Forecast
The market was valued at $6.41 billion in 2014 and will likely reach $9.48 billion by 2019, growing
at a CAGR of 8.14%.

Exhibit 13:

Satellite Manufacturing and Launch Market in APAC 2014-2019 ($ billions)

Source: Technavio Research


The market in APAC is the fastest growing worldwide. China, India, Japan, Australia, Taiwan, and
South Korea are the major markets in the region that have the necessary satellite manufacturing
and launch capabilities. Emerging countries are also investing in the development of
technology and to improve satellite-based infrastructure capabilities. Also, the growing military in
these countries demand reliable satellite-based infrastructure for communications and data
bandwidth for ground-based military operations, and also for UAVs.
China, in particular, has emerged as one of the leading commercial space launch providers in
the region. China Aerospace Science and Technology Corporation is key to the Chinese space
program. The company is involved in research, design and development of space launch
vehicles and satellites among others. There are four space launch centers in China: Jiuquan,
Taiyuan, Wenchang, and Xichang Satellite Launch Center. Xichang Satellite Launch Center is
the major site for commercial satellite launches from China. However, along with the growing
market and the government's future space plan, the country is expanding the Wenchang

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24

Satellite Launch Center for future commercial satellite launches. Along with the strengthening
economy, China has also made efforts to develop its space capabilities. The country's Long
March 5 and Long March 7 rockets are capable of launching payloads of up to 25 tons and 13.5
tons, respectively, and are expected to make the first flight in 2016.
India has also been pushing extensively for the development of its space capabilities. Satish
Dhawan Space Center of ISRO is the major satellite launch station in India. The country is also
allowing an increasing number of private players to enter the satellite manufacturing market.
This has paved the way for the rise of companies such as Dhruva Space, which is the first private
company in India to manufacture satellites. The company focuses on the development,
assembly, testing, and operation of small indigenous satellite platforms. This move is expected to
further open the market for new entrants, and increase the competition, innovation, and
development of the industry. India has mainly been targeting the communications satellite
business, as there is huge demand for such satellite services.

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25

Global Satellite Manufacturing and Launch Market 2015-2019

08. Buying Criteria


Parameters

Capabilities

Low Cost to
Build and
Operate

Reliability

Size and
Weight

Customer
Segments

Details

Satellites should meet the


specific mission requirements
of the end users.

Larger satellites as well as


nano and microsatellites
should provide cost-effective
solutions.

Satellite systems should be of


high quality and able to
handle mission-specific
objectives.

Size and weight should be


optimized at the design stage
to reduce manufacturing and
launch costs.

Significance Attached

Civil/Government
Bodies

Low

Commercial
Organizations

Low

Military
and
Defense Industry

Low

Civil/Government
Bodies

Low

Commercial
Organizations

Low

Military
and
Defense Industry

Low

Civil/Government
Bodies

Low

Commercial
Organizations

Low

Military
and
Defense Industry

Low

Civil/Government
Bodies

Low

Commercial
Organizations

Low

Military
and
Defense Industry

Low

High
1

High

High
High
High
High
High

High
High
High
High
High

Key
The impact of the buying criteria is graded on the basis of the intensity and duration of their
influence on the current market landscape. The magnitude of the impact has been categorized
as described below:

Low: Negligible or no impact on market growth

Moderate: Medium-level impact on market growth

High: Very high impact, with radical influence on growth of market

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26

09. Market Growth Drivers


Some of the drivers of the global satellite manufacturing and launch market are discussed
below.

Growing Utilization for Military and Defense Applications

Increased Application in Telemetry

Increased Demand in Commercial Applications

Low-cost Solutions through Nano and Microsatellites

Technological Innovation in Electronics

Growing Utilization for Military and Defense Applications


Military and defense forces worldwide require satellite capabilities to meet the demand for more
operationally responsive forces, especially in terms of communication and positioning. Sufficient
satellite-based infrastructure can provide access to near-real-time information and imagery,
such as in aerial reconnaissance operations. The use of real-time flight and surveillance data via
satellite in UAVs and other military vehicles and equipment has increased; this means increased
data transfer and bandwidth requirements. To cater to these requirements, military and defense
forces are now utilizing commercial satellite infrastructure in addition to their own satellites. They
are also using more nano and microsatellites, as large constellations of such satellites can be
launched at low costs while providing the required services. For instance, in 2013, the US
Department of Defence launched 29 CubeSats to explore their potential in military operations.
Increased Application in Telemetry
Satellite telemetry is used for civil, commercial, government, and military applications. For
example, researchers use satellite telemetry to track the movement of specific targets, such as
animals or birds when studying their migration. An orbiting satellite receives radio signals from
transmitters attached to the target and transmits these to ground stations. Based on the
transmitted signal, researchers can calculate the distance between the transmitter and the
satellite, and geometrically determine the location of the transmitter. Sensors fitted to the
transmitter allow researchers to obtain additional information such as temperature, depth, and
light in the target's environment.
Satellite telemetry is also being widely used for military and defense applications. For example,
the US uses satellite telemetry to provide satellite tracking and communicate with military
personnel or vehicles through ground-based antennas. The US also uses SBIRS reconnaissance
satellites, which provide strategic ballistic missile warning capabilities. These systems are being
upgraded with dual-band telemetry and tracking and communications capabilities.

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Increased Demand in Commercial Applications


The demand for satellite networks and services in commercial applications has increased with
the growing use of broadband digital communications, direct-broadcast services (such as
satellite radio and television), and mobile device communications. Moreover, the increased
utilization of commercial satellite platforms for dual (military and civil) purposes has also boosted
the need for satellites.
Global navigational services such as GPS are supported by only a few satellite systems such as
the US NAVSTAR GPS and the Russian GLONASS system. To meet the growing demand for
commercial applications of navigation services, new satellites need to be launched. A
relaxation of regulations pertaining to the sale of high-resolution satellite images for commercial
purposes, after DigitalGlobe's acquisition of GeoEye, has provided opportunities for the growth
of the market. Companies can now enter the market and provide diverse on-demand services
(such as commercial satellite imagery based services) based on the utilization of large as well as
smaller satellites. This is likely to further open the door for new applications, products, and
services.
Low-cost Solutions through Nano and Microsatellites
One of the advantages of nano and microsatellites over conventional large satellites is that they
cost less to build and to launch. These smaller satellites also take considerably less time to build
than their larger counterparts. In addition, they can be constructed using existing hardware and
software. The emergence of low-cost launch services for nano and microsatellites has further
helped to lower costs.
Rocket Lab has created a rocket called Electron, which is expected to significantly cut the cost
and time required to launch satellites into space. It will reduce launch costs by 95% and the time
to launch a satellite from years to weeks (for example, development and launch of a large LEO
satellite can take up to 3 years or more). Such developments in this field will allow nano and
microsatellites to provide low-cost solutions for applications ranging from weather forecasting to
Internet services.

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Technological Innovation in Electronics


There has been rapid development in the field of electronics in recent years. This has boded well
for the satellite industry. Miniaturization of electronic components and the development of
MEMS technologies have enabled the creation of satellites that are lightweight and affordable
but also have advanced technological capabilities. For example, CubeSat satellites have
revolutionized the miniaturized satellite market. They have now made it possible even for small
institutes and universities to build and test their own CubeSat satellite systems.
The low cost of nano and microsatellites is also beneficial for scientific and technological
demonstration missions as it enables researchers to take higher risks in their studies, which may
not have been feasible (or financially sensible) with multimillion dollar satellites.

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29

Global Satellite Manufacturing and Launch Market 2015-2019

10. Drivers and Their Impact


Impact on Key Customer Segments
Drivers

Commercial
Organizations

Civil/Government Bodies

Growing Utilization for


Military and Defense
Applications

Low

Increased Application in
Telemetry

Low

Increased Demand in
Commercial Applications

Low

Low-cost Solutions
Through Nano and
Microsatellites

High
1

High
High

Low

Technological Innovation
in Electronics

High

Low

High

Military and Defense


Industry

Low

High
1

Low

High

Low

High

Low

High

Low

High

Low

High
1

Low

High

Low

High

Low

High

Low

High

Impact on Geography

Drivers

Americas

Growing Utilization for


Military and Defense
Applications

Low

Increased Application in
Telemetry

Low

Increased Demand in
Commercial Applications

Low

Low-cost Solutions
Through Nano and
Microsatellites

EMEA
High

High
High
1

Low

Technological Innovation
in Electronics

High

Low

High

APAC

Low

High
1

Low

High

Low

High

Low

High

Low

High

Low

High
1

Low

High

Low

High

Low

High

Low

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High

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Key
The impact of the drivers is graded on the basis of the intensity and duration of their influence on
the current market landscape. The magnitude of the impact has been categorized as
described below:

Low: Negligible or no impact on market growth

Moderate: Medium-level impact on market growth

High: Very high impact, with radical influence on growth of market

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11. Market Challenges


Some of the challenges faced by the global satellite manufacturing and launch market are
discussed below.

Defense Budget Cuts

Design and Manufacturing Difficulties

Growing Problem of Space Debris

Launch Delays

Satellite Deorbiting Challenges

Defense Budget Cuts


There have been significant defense budget cuts in many countries (e.g., US and NATO member
countries). For instance, the US has announced a budget cut of $178 billion for the period 20112015. The US Budget Control Act 2011 mandated a $487 billion reduction in defense spending
over a 10-year period. Moreover, as the US military withdraws from conflict regions such as
Afghanistan, additional automatic budget cuts known as sequestration come into play. Budget
sequestration is the automatic spending cuts procedure implemented in the US to put cap on
government spending for various categories. Similarly, during the 2008-2009 economic crisis,
countries in Europe also implemented significant controls in their military budgets. Such budget
cuts adversely affect the satellite market.
Design and Manufacturing Difficulties
Prohibitive cost is the prime hindrance to the development and manufacture of satellites.
Satellites should be designed to withstand the harsh conditions of launch and the conditions of
outer space. The industry also has to adhere to stringent safety regulations and certification
requirements.
Nano and microsatellites are required to be lightweight and compact without compromising on
performance and reliability. Many of the current microsatellites in the market have been
designed for short mission lives and use off-the-shelf electronics to lower costs. The antennas
used in these satellites have to be miniaturized to fit into the satellite system, which reduces
signal strength. Current microsatellites are low-power and low-mass, and cannot meet the
growing demand for long operational missions. Therefore, there is dire need for significant
advances in miniaturized electronics and components.

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Growing Problem of Space Debris


There have been more than 4,800 satellite launches since the launch of Sputnik in 1957. These
launches have placed more than 6,000 satellites into orbit. Less than a thousand of the satellites
in orbit are still operational as most satellites are decommissioned after the mission is completed.
Many of these decommissioned satellites, however, continue to remain in orbit as space debris.
This poses a major risk to space missions as any impact from debris (even debris as small as an
inch) can potentially damage or destroy the satellite.
The advent of nano and microsatellites has enabled even small institutes and universities to
launch their own satellites, and has further increased the possibility of thousands of satellite
launches in the next decade. This is a serious concern as most of these miniaturized satellites lack
deorbiting systems and may be left in orbit after they are decommissioned.
Launch Delays
As per historical data, the actual number of satellite launches has always been lower than the
projected estimate due to launch delays. Launch delays result in increased overall program
costs for satellite missions. Launch delays can be caused by uncertainties in the schedule of
launch vehicles, delays in the development of launch vehicles, and lack of coordination
between the satellite developer and the launch provider. Launch schedules may also be
affected by technical challenges, lack of funding, non-availability of components from suppliers,
and government approvals, among others.
Satellite Deorbiting Challenges
One way to dispose of a satellite in LEO after its mission is complete is to deorbit it. In most cases,
the ballistic coefficient and altitude of the satellite will cause it to naturally deorbit after a certain
period of time. In many cases, however, the satellite needs to be deorbited using a dedicated
deorbiting system. However, because of mass and volume constraints, most nano and
microsatellites lack such systems. As well, currently available deorbiting approaches cannot be
used reliably for nano and microsatellites.
Many agencies such as the IADC, the FCC, and the UN have proposed space debris mitigation
guidelines to tackle the growing issue of space debris. One of the recommendations is to deorbit
the satellite after decommissioning and to perform necessary deactivation measures. The
implementation of these deorbit guidelines by agencies worldwide will hinder the growth of the
miniaturized satellite industry.

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12. Impact of Drivers and Challenges

Key
The impact of the drivers and challenges is graded on the basis of the intensity and duration of
their influence on the current market landscape. The magnitude of the impact has been
categorized as described below:

Low: Negligible or no impact on market growth

Moderate: Medium-level impact on market growth

Moderately High: Significant impact on growth of market

High: Very high impact, with radical influence on growth of market

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34

13. Market Trends


Some of the trends in the global satellite manufacturing and launch market are discussed
below.

All-electric Propulsion System for Satellites

Development of Reusable Space Launch Vehicles

Progression toward Low-cost Satellite-based Internet Services

Use of 3D Printing Technology

All-electric Propulsion System for Satellites


Chemical propulsion systems (like the ones in solid-fuel rocket engines) carry a substantial
amount of fuel for the mission. It is not feasible to use these systems for nano and microsatellites
as they are required to be lightweight. Also, the propellant used in solid-propellant systems
cannot be stopped or restarted once it has been started, and multistage rocket have to be
used if more than one burn is desired, which further increases the weight.
The advent of miniaturized electronics and MEMS has enabled the design of micro-electric
propulsion technologies such as micro-thrusters. Micro-thrusters can be used for the propulsion of
nano and microsatellites. Micro-thrusters are an all-electric propulsion system. They minimize the
launch mass by eliminating the need for large amounts of fuel, enabling the maximum utilization
of available payload. An MEMS-based thruster is minuscule but can accommodate highly
sophisticated propulsion systems. Such propulsion systems consist of nozzles, heaters, valves, filters
and controls, all put together into compact units.
Development of Reusable Space Launch Vehicles
Satellite launches are mostly conducted using ELVs that carry a payload to the orbit and can be
used only once. Most of the costs involved in satellite launches come from building the rocket,
which is used for only a single mission.
The use of reusable space launch vehicles can substantially reduce costs in the market, if these
rockets can be effectively used for multiple missions. Companies such as SpaceX have been
working to develop such reusable space launch vehicles that can re-enter the Earth's
atmosphere without burning and return to the launch pad for a vertical landing.

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35

Progression Toward Low-cost Satellite-based Internet Services


At present, satellite-based Internet services use satellites in GSO, which is 22,000 miles or more
from the surface of the Earth. This distance results in high latency and makes satellite Internet a
poor option for applications such as gaming, video conferencing, and live streaming. In
addition, the manufacture of traditional large-sized satellites and their launch to GSO is
expensive, thus increasing the cost of Internet services based on these systems.
In comparison, nano and microsatellites can be put in LEO, which is at a distance of
approximately 680 miles from the Earth's surface. The latency of the Internet service at this height
would be 20 milliseconds to 30 milliseconds, which is comparable to or even better than existing
broadband Internet solutions that use fiber-optic cable networks. For developing nations,
establishing a network of optical fibers for Internet services can be very expensive. Nano and
microsatellite-based infrastructure is, therefore, a good alternative for the provision of low-cost
satellite-based Internet access with broad coverage. Companies such as OneWeb and SpaceX
are working in this direction and are planning the launch of a constellation of 648 microsatellites
in the next few years.
Use of 3D Printing Technology
Additive manufacturing (3D printing technology) is a development that has the potential to
revolutionize current manufacturing processes. 3D printing allows a final product to be created
directly from the CAD design. In place of expensive molds for different product designs, 3D
printing uses a single additive manufacturing system that can create multiple parts and
components just by varying the CAD design as per requirement. As the manufacturing process is
conducted in layers, utilizing only the raw materials needed to build the part, there is substantial
reduction in raw material consumption and weight of the component.
Companies such as Aerojet Rocketdyne have been working in cooperation with research
institutes to develop a way to manufacture microsatellites from metal and composites using 3D
printing technology. In 2014, the company successfully demonstrated the 3D printed rocket
propulsion system for CubeSat. One of the future objectives is to build such satellites in space
using 3D printing technology, which has the potential to eliminate the need for and the costs
involved in the launch of satellites from the Earth.

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14. Trends and Their Impact

Key
The impact of the trends is graded on the basis of the intensity and duration of their influence on
the current market landscape. The magnitude of the impact has been categorized as
described below:

Low: Negligible or no impact on market growth

Moderate: Medium-level impact on market growth

High: Very high impact, with radical influence on growth of market

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Global Satellite Manufacturing and Launch Market 2015-2019

37

15. Vendor Landscape


15.1 Competitive Scenario
The market is highly competitive, and vendors compete on the basis of the cost of satellites,
advances in technology, lightweight platforms, reliability, and market share. To survive and
succeed in such an intensely competitive environment, it is crucial for vendors to optimize their
product development processes to provide cost-effective and high-quality products and
solutions.
For satellite manufacturers, it is also important to work closely with satellite operators in order to
provide spacecraft suitable for a broad range of services. The satellite platform should also be
highly efficient and reliable and suit the application requirements in areas such as radio and
television services, broadband Internet, and mobile communications. Satellite platforms should
also provide high flexibility and modular design approaches considering technological
advances and upgrade requirements in the future.
Vendors should also cooperate and work collaboratively with space launch system developers
and service providers. It will help to integrate the entire space launch process and tackle issues
of space launch delays. There is also growing concern regarding space debris and the
mitigation measures that might be implemented, including the requirement for deorbiting
systems in miniaturized satellites. The respective authorities in the industry should also work
toward solving such issues to avoid hindrances to the growth of the satellite industry.
The satellite launch market has been growing rapidly and has, in recent years, not only paved
the way for private companies to enter the market and provide innovative solutions for space
exploration, but also helped in creation of jobs and fostered innovation in technology and
market competitiveness. Countries such as the US are planning the development of new
spaceports, which will support the growth of the satellite launch industry.

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Global Satellite Manufacturing and Launch Market 2015-2019

Exhibit 14:

38

Key Vendors

Airbus Defence and Space


Boeing Defense, Space, and Security
Orbital ATK

SSL

Source: Technavio Research

15.2 Other prominent vendors


Company

Description

Arianespace

A commercial satellite launch company that provides


launch services to commercial satellite operators and
government space agencies

Axelspace

Develops microsatellite-based systems and provides


other space-based solutions

Clyde Space

Supplies small and micro spacecraft systems; also


provides high-performance power subsystems, DC-DC
converters, lithium polymer batteries and highefficiency solar panels for small satellite missions

Dauria Aerospace

Offers a range of products such as geostationary


platforms and microsatellite platform such as Auriga,
DX, and Perseus

Deep Space Industries

Provides nano and microsatellites, propulsion systems,


space mission design services, and spacecraft
manufacturing

Dynetics

Provides cost-effective engineering, scientific, and IT


solutions to the cyber security, satellite, launch and
critical infrastructure sectors

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Global Satellite Manufacturing and Launch Market 2015-2019

Company

39

Description

GeoOptics

Develops small satellites primarily used for Earth


observation applications, and launched in the LEO; it
also provides data and information about the Earth to
public and private users worldwide

GomSpace

Develops systems and components for nanosatellites,


including power systems, Spacelink, control systems,
and satellite platforms

Innovative Solutions in Space

Offers CubeSat satellites, ground systems, spacecraft


platforms, launch services, and payload integration

Lockheed Martin

Provides space-based solutions to military, civil


government and commercial customers; its satellites
are mainly used for remote sensing, navigation,
meteorological and communications purposes

Mitsubishi Electric

Provides space-based solutions to governments and


commercial clients including satellites, satellite
components, and ground systems

Novanano

Offers products such as launch adapters, satellite


platforms, and subsystems; also provides launch
services, nanosat missions, and insurances

Planet Labs

Provides satellite systems, satellite-based services


mainly for monitoring applications and satellite
imagery solutions

Raytheon

Develops and builds small satellites mainly for military


and defense applications; also makes various other
civilian and military-based space products and
systems

Ruag Space

Provides space launcher structures and separation


systems; also provides satellite structures, mechanisms,
and mechanical equipment. The range of products
also includes solar array drive mechanisms,
deployment mechanisms, pointing mechanisms and
satellite mechanical ground support equipment

Sierra Nevada

It is a major developer of space systems and


technologies that offers propulsion systems, space
exploration systems, spacecraft systems and other
space technologies

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Global Satellite Manufacturing and Launch Market 2015-2019

Company

40

Description

Skybox Imaging

Develops satellites and also provides space-related


solutions and provides satellite antenna and
equipment as well as satellite-based analytics services

SpaceQuest

Provides antenna systems, Earth station equipment,


electrical power, microsatellite systems, satellite and
ground
components,
radios,
modems,
M2M
communications and global AIS data

SpaceX

The company designs, manufactures and launches


rockets and spacecraft, provides launch services, and
has been providing regular cargo supply missions for
NASA, to and from space station

Spire

Develops satellites primarily for remote sensing


applications; these satellites provide data and
information back to the Earth

Surrey Satellite Technology

Develops satellite systems and subsystems including


the satellites SSTL GMP-T, SSTL NovaSAR, SSTL 300-S1,
Nano-X, and Cube-X and subsystems subsystems such
as actuators and sensors, on-board data handling,
propulsion systems, and power management

Thales Alenia Space

Designs, integrates, tests and operates space systems;


provides satellites and payloads for communications,
navigation, monitoring, and scientific research
applications among others

Tyvak Nano-Satellite Systems

It develops nanosatellite and CubeSat satellite


systems; it also provides services such as R&D and
consulting
to
governments
and
commercial
customers

United Launch Alliance

The company mainly provides space launch services


for the US government agencies such as DoD, NASA,
the National Reconnaissance Office and other
organizations

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16. Key Vendor Analysis


16.1 Airbus Defence and Space
16.1.1 Key Facts

16.1.2 Business Overview


Airbus Defence and Space was founded in 2014 and is headquartered in Germany. The
company designs, manufactures, and delivers transport and surveillance, multi-role/wing-role
combat, unmanned, and military trainer aircraft.
The key business offerings of the company are:

Military aircraft: Comprises the A400M Airlifter, Eurofighter, A330 MRTT, UAS, light and medium
transport aircraft (C295 and CN235), CISR aircraft, and mission systems. It also includes full

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fleet support solutions, air services, maintenance, repairs, upgrades, logistics and engineering
services, training, and flight operations services.

Space systems: Comprises Ariane 5; orbital systems; Earth observation, navigation and
science satellites; spacecraft; probes and rovers; telecom satellites; defense systems; and
space propulsion systems

Communications, intelligence, and security systems: Comprises satellite communications


solutions, border security systems, and C4ISR. It also offers secure land communications, geoinformation services, and consulting and training services.

Electronics: Comprises radars and IFF systems, electronic warfare systems and sensors, space
platform electronics, space payload electronics, and avionics

The company serves customers in APAC, EMEA, and the Americas. For FY2014, it generated
revenue of $17.31 billion. It spent $457.0 million and $478.4 million on R&D for FY2013 and FY2014,
respectively.

16.1.3 Recent Developments


Company Details

Description

Key Highlights

March 26, 2015: Selects Arianespace to launch


PeruSat-1, the Peruvian Earth observation satellite
March 23, 2015: Sells its subsidiary Rostock System
Technik to Ferchau Engineering in Gummersbach
March 19, 2015: Selects Arianespace to launch EDRS-C
satellite, the second geostationary satellite of the
SpaceDataHighway system
March 16, 2015: Signs a strategic partnership
agreement with SES (global satellite owner and
operator) to deliver managed Satcom services to
corporate customers in Africa and globally
January 20, 2015: Receives a contract from the Ministry
of Interior of Lebanon for a Terrestrial Trunked Radio
(Tetra) communication system

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16.1.4 SWOT Analysis

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16.2 Boeing Defense, Space, and Security


16.2.1 Key Facts

16.2.2 Business Overview


Boeing Defense, Space, and Security, formerly called Boeing Integrated Defense Systems, was
founded in 1939 and is headquartered in Berkeley, Missouri, US. The company develops
intelligence and security systems, manned and unmanned airborne services, and integrated
systems.
It is a subsidiary of Boeing and is a $33 billion business. The company's product portfolio
comprises four major segments:

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Military aircraft: This segment offers strike aircraft, surveillance aircraft, unmanned systems,
weapons, and mobility crafts

Satellites and space: It offers satellite systems and services, space transportation solutions,
human space flight, heavy lift launch vehicles, and military space and security services

C4ISR and cyber: It is engaged in the development of integrated missile systems, ISR systems,
and secure communications solutions

Support and services: It provides multiple services such as integrated logistics, modification
and maintenance solutions, and training systems

The company has a workforce of 56,000 employees.

16.2.3 Product Segmentation


Exhibit 15:

Boeing Defense, Space, and Security: Product Segmentation 2013

Source: Technavio Research

16.2.4 Business Strategy


Operational Strategy
The company focuses on the continuous improvement of its product line by incorporating new
and innovative technologies to its existing products. The company can serve a wider range of
customers and strengthen its market position with the introduction of new products.

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16.2.5 Recent Developments


Company Details

Description

Key Highlights

Key Partnerships

August 2014: Completes the Phase Two Spacecraft


Safety Review of CST-100 spacecraft and CDR of its
integrated systems
August 2014: The company along with Sikorsky Aircraft
is selected for the US Army's JMR TD Phase 1 program
August 2014: Its Tactical Surveillance Aircraft receives
FAA certification
August 2014: Delivers a training center for C-17
Globemaster III airlifter to the Memphis Air National
Guard base in Tennessee
July 2014: Signs a contract with NASA to develop the
core stage of SLS

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16.2.6 SWOT Analysis

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16.3 Orbital ATK


16.3.1 Key Facts

Company Details

Description

Stock Listing

New York Stock Exchange

Ticker Symbol

OA

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16.3.2 Business Overview


Orbital ATK is headquartered in Virginia, US. It designs, develops, and markets a wide range of
aerospace, defense, and commercial products to the US government, commercial, and other
foreign customers. Orbital ATK was formed as a result of the merger between Orbital Sciences
Corp. and the aerospace and defense groups of ATK in April 2014. ATK has spun off its sporting
group segment to its shareholders.
The company operates through three business segments:

Flight systems groups: Designs and manufactures products for the space launch, strategic
missile and missile defense, and aerospace structures markets. Some of its key products are
space launch vehicles (Antares, Minotaur, and Pegasus), propulsion systems (booster
separation motors, Castor 30-A multi-use motors, GEM strap-on booster systems, rocket motor
testing systems, and switchblades), missile defense systems (ballistic missiles, interceptors,
anti-ship cruise missiles, and Minuteman III intercontinental ballistic missiles), and aerospace
structures (military aircraft structures, launch structures, and commercial aircraft structures)

Defense systems groups: Manufactures and markets a wide range of precision weapons;
tactical rocket motors used in air-, sea-, and land-based systems; missile warning products;
and ammunition and gun systems

Space systems groups: Designs, manufactures, and markets small- to medium-class satellites
for communications, imaging, science, and national security space applications. It offers
commercial satellites (GEOStar satellites), scientific and national security satellites (LEOStar),
human space and advanced systems, and space components

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16.3.3 Business Segmentation by Revenue 2014


Exhibit 16:

Orbital ATK: Business Segmentation by Revenue 2014

Source: Technavio Research

16.3.4 Market Segmentation by Revenue 2014


Exhibit 17:

Orbital ATK: Market Segmentation by Revenue 2014

Source: Technavio Research

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16.3.5 Business Strategy


Operational Strategy
The company focuses on the following strategic areas:

Retaining its key officers and personnel

Retaining its old customers and attracting new customers by developing innovative products
and technologies

Restructuring its recent mergers and acquisitions

16.3.6 Recent Developments


Company Details

Description

Key Highlights

March 12, 2015: Receives a contract for additional


armed caravan work from the US DoD Foreign Military
March 9, 2015: Receives a $120 million contract from
the US Army for additional production of the precision
guidance kit for 155mm artillery
February 20, 2015: Receives a $30 million production
contract from the US Navy for manufacturing AAR-47
missile warning system
February 18, 2015: Begins the production of Boeing 787
Dreamliner composite frames

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16.3.7 SWOT Analysis

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16.4 SSL
16.4.1 Key Facts

16.4.2 Business Overview


SSL was established in 1957 and is headquartered in Palo Alto, California, US. The company
designs, manufactures, and integrates satellites and satellite systems for commercial and
government customers. Its products are used by various customers to deliver services such as
broadcast video distribution, broadband digital multimedia communications, direct-to-home
video and data broadcast, mobile radio and data broadcast, mobile voice and data services,
defense communications, and air traffic control.
SSL's products comprise of space proven products (satellites and satellite systems), 1,300 series
platform (space-proven platform for a wide range of satellite services), satellite applications,
and hosted payloads. It offers a wide range of satellites, including direct broadcast satellites,

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digital audio radio satellites, mobile satellite services, fixed satellite services, and broadband for
government and commercial purposes.
SSL has manufactured over 250 satellites and delivered more than 2,000 years of on-orbit service
since its inception. In addition, the company is building next generation satellites that provide
more than 100 gigabit per second capacity. The company was acquired in June 2012 and
operates as a wholly owned manufacturing subsidiary of MDA, a global communications and
information company based in Canada.

16.4.3 Recent Developments


Company Details

Description

Key Highlights

February 12, 2015: Announces THOR 7, designed and


built for Telenor Satellite Broadcasting (European
satellite manufacturing company), is ready for launch
December 5, 2014: Gets selected to provide a multimission communications satellite to Spanish satellite
operator Hispasat Group
September 8, 2014: Gets selected to provide a
communications satellite for Bulgaria Sat (an affiliate
of
Bulsatcom-leading
telecommunications
company in Bulgaria)
July 21, 2014: Gets awarded by the US Defense
Advanced Research Projects Agency to integrate the
flight hardware to carry science and technology
missions to space

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16.4.4 SWOT Analysis

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17. Other Reports in this Series


Global Automotive Human Machine Interface (HMI) Market 2014-2018
Global Autonomous Parking Market 2014-2018
Global Aircraft Tire Market 2014-2018
Global Aerospace Plastics Market 2014-2018
Global Submarine Market 2014-2018
Global Aviation Crew Management System Market 2014-2018
Global Explosive Trace Detection (ETD) Technologies Market 2014-2018
Global Radar Market 2014-2018
Global Automotive Start-stop Systems Market 2014-2018
Global Electric Taxi Market 2014-2018
Global Military Rotorcraft Market 2014-2018
Tire Retreading Market in the US 2014-2018
Global Lane Departure Warning System Market 2014-2018
Global All-wheel and 4-wheel Drive Vehicle Market 2014-2018
Global Electric Bus Market 2014-2018
Global Aerospace Fasteners Market 2014-2018
Global Aircraft Health Monitoring System Market 2014-2018
Global Commercial Airport Baggage Handling Systems Market 2014-2018
Global Automotive Park Assist Systems Market 2014-2018
Global Agriculture Tire Market 2014-2018
Global Satellite Market 2014-2018

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DISCLAIMER
This report has been prepared from sources and data that we believe to be
reliable, but we make no representation as to its accuracy or completeness. Any
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as at the date of the report issue and are subject to change without notice.
All trademarks and copyrights remain the sole ownership of their rightful
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connection with this report, even if Infiniti Research has been advised of the
possibility of such damages.
Copyright 2015 Infiniti Research Limited. All Rights Reserved.
Reproduction without written permission is completely forbidden.

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