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Satellite Manufacturing and Launch Market: COVID-19 Business Continuity Plan | Evolving Opportunities with Airbus SE and Honeywell International Inc. | Technavio

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LONDON–()–The global satellite manufacturing and launch market is expected to grow by USD 3.50 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 3%.

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Read the 120-page report with TOC on “Satellite Manufacturing and Launch Market Analysis Report by Product (Satellite manufacturing and Launch services), Geography (North America, Europe, APAC, South America, and MEA), Application (Communication satellite, Military surveillance, Earth observation satellite, Navigation satellite, and Others), and the Segment Forecasts, 2020-2024”. Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/satellite-manufacturing-and-launch-market-industry-analysis

The satellite manufacturing and launch market is driven by the reduction in associative launch cost. In addition, the rising demand for multirole satellites is anticipated to boost the growth of the satellite manufacturing and launch market.

Many companies that offer satellite launch services are increasing their R&D efforts to develop cost-effective launch systems. For instance, Rocket Lab has indigenously developed a rocket called the Electron with a maximum payload capacity of 496 lbs. The rocket has a unique structure and features an innovative jet propulsion cycle to achieve significant cost savings during launches. Besides, the growing competition in the market has compelled several satellite launch services companies to reduce the cost of launching satellites. For example, Arianespace, a part of ArianeGroup, has decided to reduce its satellite launch costs by 40% to compete with SpaceX. Such factors have significantly decreased the launch cost of satellites. This is expected to increase the number of satellite launches during the forecast period, thereby driving the growth of the market.

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Major Five Satellite Manufacturing and Launch Companies:

Airbus SE

Airbus SE operates its business through segments such as Airbus, Helicopter, and Defence and Space. The company offers optical earth observation satellite systems such as S250 optical, S950 optical, and S850 radar among others.

Honeywell International Inc.

Honeywell International Inc. operates its business through segments such as Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The company offers avionics, controls, and semiconductor solutions.

Lockheed Martin Corp.

Lockheed Martin Corp. operates its business through segments such as Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The company offers Advanced Extremely High Frequency (AEHF-6) satellite.

Maxar Technologies Inc.

Maxar Technologies Inc. operates its business through segments such as Earth Intelligence and Space Infrastructure. The company manufactures communication and Earth observation satellites such as 1300 Class and Legion Class that offers radar imagery.

Northrop Grumman Corp.

Northrop Grumman Corp. operates its business through segments such as Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services. The company offers GEOStar geostationary Earth orbit (GEO) commercial satellites.

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Satellite Manufacturing and Launch Market Product Outlook (Revenue, USD Billion, 2020-2024)

  • Satellite manufacturing
  • Launch services

Satellite Manufacturing and Launch Market Geography Outlook (Revenue, USD Billion, 2020-2024)

  • North America
  • Europe
  • APAC
  • South America
  • MEA

Satellite Manufacturing and Launch Market Application Outlook (Revenue, USD Billion, 2020-2024)

  • Communication satellite
  • Military surveillance
  • Earth observation satellite
  • Navigation satellite
  • Others

Are you a start-up willing to make it big in the business? Grab an exclusive Report

Related Reports on Industrials Include:

Global Satellite Propulsion System Market – Global satellite propulsion system market by type (chemical propulsion, hybrid propulsion, and all-electric propulsion) and geography (North America, APAC, Europe, South America, and MEA).

Global Electric Propulsion Satellite Market – Global electric propulsion satellite market by type (hybrid and all-electric) and geography (APAC, Europe, MEA, North America, and South America).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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VIDEO: Robbery at downtown Kamloops business caught on camera; owners out $20,000 in gear | Radio NL

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VIDEO: Robbery at downtown Kamloops business caught on camera; owners out $20,000 in gear

UPDATE: 2 p.m.

A downtown Kamloops business owner says he’s out more than $20,000 after being robbed on Wednesday morning.

Lenn Korabanik co-owns RC Nation on Victoria Street West, and just opened his store after Labor Day weekend.

His security camera captured two people breaking in at 6:20 a.m. on Wednesday, who made out with a great deal of gear in less than three minutes.

“The door had been worked open. It wasn’t broken glass, but they actually used a power tool to grind through the lock protection stuff. And then a crowbar, basically to pry the frame away from the door to get thing open.”

He says they went immediately to the most valuable pieces in the showroom.

“They dragged out something in the ballpark of 15 to 17 RCs, we’re just finishing up the inventory on it here today. As well as a pile of accessories. Batteries, and an assortment or electronics that support the RC hobby.”

Korabanik says the culprits left without any remote controls and ironically won’t be able to use the cars they stole. He says they took off in a “rather unique” vehicle: a shuttle bus that was about 20 feet long, with an actual bus door on the side of it and an escape door at the back.

“It was white with smoked-glass windows and was relatively new-looking. So I’m guessing someone somewhere might’ve not had their shuttle bus where they thought it was going to be at 6:20 a.m. yesterday morning.”

He says Kamloops RCMP are following up but to date, no suspects have been apprehended.

“These two dudes were all hooded up with long sleeves. Really frankly hard to tell who they were. Somebody might recognize the way somebody moves, or the obvious logos on the one guy’s shirt. So maybe if somebody knows something and could let the RCMP know that’d be great,” Korabanik says.

Sgt. Darren Michels says those suspects actually broke into two other businesses as well yesterday morning.

Michels says an unnamed business in the 200-block of Lansdowne Street is out about $25,000 in items after the same suspects broke in.

Meanwhile, a 2006 Ford minibus was reported stolen from the parking lot of a business in the 900-block of McGill Road, and it has not yet been found. It has B.C. license plates of NT 4992. Police think the bus had been stolen the night before, and was used to break in to at the two businesses the next morning.

“We are interested in hearing from any additional businesses that may have been targeted by these thieves and have not yet initiated a police report,” Michels says.

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Credit card fraud resulting in loss for businesses

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Credit card fraud resulting in loss for businesses | 96.1 Renfrew Today



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Restaurants Retaining Business Despite Added Restrictions

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Despite additional restrictions for restaurants, many owners are making ends meet.

“It doesn’t affect us too much,” says Robert Manchulenko, Chief Officer of Hospitality and Support Services at Hespeler’s Cookhouse and Tavern. “What’s going into place today, we had already implemented back in August.”

Manchulenko says the greatest effect was with the initial restrictions that limited evening hours, especially on the weekends.

The restaurant is unique, in that, it is part of a social enterprise that sees the restaurant and event revenues utilized toward assisted living, supportive care, and personal care homes within the same building.

“The revenue that comes in through Hespeler’s and our events department, that goes back into seniors housing and keeping the rates affordable for everyone,” informs Manchulenko. “Without that revenue, we’re going to face some stark realities in the future about what we can and can’t do over time.”

Manchulenko says, with the loss of some events and revenue at the restaurant, they have already decided not to move forward on some projects this year.

“With the restaurant, if we’re forced to close again, then we’ll probably have to look at laying off some people,” he shares, “but how that impact would look on seniors housing, that we would have to determine at the time when it comes.”

Meanwhile, the owner of Thai on 59 in Ile Des Chenes, Peter Hounphan, says his business has been doing just fine.

“We decided to just leave it as take-out only”, he shares, “because even when we had the previous restrictions, we could only have like 10 or 12 people inside.”



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