Global 3D Printing in Low-Cost Satellite Market will Grow Steadily at an Impressive CAGR of Nearly 56% by 2021

Albany, US, 2017-Aug-04 — /EPR Network/ —Market Research Hub includes new market research report “Global 3D Printing in Low-Cost Satellite Market 2017-2021” which identifies Airbus, Boeing, Lockheed Martin, and Stratasys as the key vendors in the global 3D printing in low-cost satellite market. A comprehensive analysis of this market is also presented by the satellite part (antenna, framework, and power system) and by geography (the Americas, APAC, and EMEA).

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Market research analysts at Market Research Hub predict that the global 3D printing in low-cost satellite market will grow steadily at an impressive CAGR of nearly 56% by 2021. This market research analysis identifies the reduction in satellite manufacturing time as one of the primary growth factors for the 3D printing in low-cost satellite market. Unlike conventional manufacturing methods, 3D printing allows cost-efficient and precise engineering of satellite parts with rapid changes in the design of internal features in satellites. These advanced technologies will be adopted by several satellite manufacturing companies for the design and development of satellite systems. 3D printing also enables manufacturers to fully automate the development process of a satellite which considerably lowers satellite manufacturing time. For instance, Lockheed Martin implemented 3D printing in designing satellite parts and components and this helped the company gradually reduce the manufacturing and launch costs and significantly shorten the manufacturing time.

The utilization of new-generation and reusable launch vehicles will result in the successful and cost-effective makeover of satellite systems. The introduction of 3D printing enables satellite manufacturers to build rocket engines in shorter durations and will considerably reduce operational and launch costs. One of the leading companies, RocketLab has already developed an orbital launch vehicle named Electron rocket that will cut the cost and time to launch satellites into space. According to the company, the Electron rocket will lower launch costs by almost 95% and reduce the launch time of a satellite from years to weeks.

Competitive landscape and key vendors

The 3D printing in low-cost satellite market is characterized by the presence of global, regional, and local vendors. With all the players competing to gain the maximum revenue shares, the market appears to be highly-competitive. The vendors in the market compete based on cost, product quality, reliability, and aftermarket service. To survive and succeed in this intensely competitive market, vendors have the need to provide advanced and high-quality 3D-printed low-cost satellite systems.

The leading vendors in the market are –

Airbus
Boeing
Lockheed Martin
Stratasys
The other prominent vendors in the market are Aerojet Rocketdyne and ExOne.

Segmentation by satellite part and analysis of the 3D printing in low-cost satellite market

Antenna
Framework
Propulsion system
During 2016, the propulsion system segment accounted for the major shares of the 3D printing in low-cost satellite market. The utilization of these systems in commercial, military, and civil satellites will be the major factor fueling the growth of this market segment.

Geographical segmentation and analysis of the 3D printing in low-cost satellite market

Americas
APAC
EMEA
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market throughout the forecast period. Initiatives to develop lightweight 3D-printed satellite systems from NASA and SpaceX and the increased spending on space-based projects, will be the major factors driving the growth of the 3D printing in low-cost satellite market in this region.

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Key questions answered in the report include: 

What will the market size and the growth rate be in 2021?
What are the key factors driving the global 3D printing in low-cost satellite market?
What are the key market trends impacting the growth of the global 3D printing in low-cost satellite market?
What are the challenges to market growth?
Who are the key vendors in the global 3D printing in low-cost satellite market?
What are the market opportunities and threats faced by the vendors in the global 3D printing in low-cost satellite market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global 3D printing in low-cost satellite market?
Market Research Hub also offers customization on reports based on specific client requirement

This upcoming industry research report on the global 3D printing in low-cost satellite market offers insights into the key trends and emerging drivers influencing the growth of the aerospace and defense industry. Our market research reports for the aerospace and defense also industry follow a meticulous data collection methodology and offer an analysis of rapidly growing market segments like space.

By implementing an extensive research approach of quantitative and qualitative methods and assessing the demand-supply landscape of the space industry, the upcoming report on the global 3D printing in low cost satellite market offers insights into the key market drivers, trends, and eminent challenges that will influence the growth of the all suppliers in this market space. Furthermore, our research practices help clients develop effective growth strategies and stay updated with the ever-changing market landscape. This market study also presents an extensive analysis of various space products and services based on the interpretation of the statistics gathered from specific resources such as channel partners and market stakeholders. This upcoming report on the global 3D printing in low cost satellite market also offers an insight into the competitive landscape and covers vendors like Stratasys and Lockheed Martin.

To correctly estimate the growth of the global 3D printing in low cost satellite market, the market research analysts at Market Research Hub follow a combined approach of primary and secondary research and analyze the data collected from various sources including industry experts, research journals, and manufacturers. This market research report on the global 3D printing in low cost satellite market also takes into account the growth of similar markets like low-cost satellite and electric propulsion satellite, which are anticipated to post an impressive CAGR of over 6% and close to 14%, respectively during the forecasted period.

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