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Global 3D Printing in Low-Cost Satellite Market 2017-2021

Global 3D Printing in Low-Cost Satellite Market 2017-2021

About 3D Printing in Low Cost Satellite

3D printing involves the synthesis through the addition of successive layers of materials with the support of computerized control technology to design an object or component. This process allows manufacturers to produce small and micro-components of various shapes and size. It also allows the reduction of the overall weight of components, thus substantially reducing the overall weight of a satellite system. The use of 3D printing in the manufacturing of low-cost satellites can ensure a reduction in manufacturing time, overall cost association, and wastage of materials. Therefore, the adoption of 3D printing in the satellite sector is anticipated to reflect long-term sustainability while ensuring enhancement in the overall performance of a low-cost satellite.

Technavio’s analysts forecast the global 3D printing in low cost satellite market to grow at a CAGR of 55.71% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global 3D printing in low cost satellite market for 2017-2021. To calculate the market size, the report considers the new installations.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global 3D Printing in Low Cost Satellite Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Airbus
  • Boeing
  • Lockheed Martin
  • Stratasys
Other prominent vendors
  • Aerojet Rocketdyne
  • ExOne
Market driver
  • Rise in CubeSat development and deployment
  • For a full, detailed list, view our report
Market challenge
  • Limited economies of scale
  • For a full, detailed list, view our report
Market trend
  • Economically viable space travel
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global 3D Printing in Low Cost Satellite Market 2017-2021

Technavio recognizes the following companies as the key players in the global 3D printing in low cost satellite market: Airbus, Boeing, Lockheed Martin, and Stratasys.

Other Prominent Vendors in the market are: Aerojet Rocketdyne and ExOne.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is economically viable space travel. The use of new-generation and reusable launch vehicles are paving the way for another successful and cost-effective makeover of satellite systems. In recent years, a number of countries are focused on innovative, cost-effective satellite launches”

According to the report, one of the major drivers for this market is rise in CubeSat development and deployment. With the growing demand for nano and micro satellites, it is expected that the manufacturing base of satellites will widen to various regions of the world. Many of the developing nations have also shown a keen interest in the utilization of satellites, such as CubeSats (U-class spacecraft). These satellites use enhanced electro-optical/infrared (EO/IR) sensor systems to obtain images of Earth. EO from such nanosatellite platforms will also revolutionize the scope of EO/IR sensors.

Further, the report states that one of the major factors hindering the growth of this market is limited economies of scale. As 3D printing technologies are comparatively new, it will be quite risky to develop a satellite or its components without developing a prototype. However, the development of satellite prototypes will increase the overall cost of the manufacturing process.

Airbus, Boeing, Lockheed Martin, Stratasys, Aerojet Rocketdyne and ExOne.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Satellite industry
      • Table Types of satellite orbits
  • Market outline
    • Key market highlights
    • Key takeaways
      • Table Key takeaways of the global 3D printing in low-cost satellite market
  • Market landscape
    • Market overview
      • Table Segmentation of the global 3D printing in low-cost satellite market
    • Market size and forecast
      • Table Global 3D printing in low-cost satellite market during 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Patent analysis
    • Patent trends
      • Table Patents filed in the field of 3D printing in low-cost satellites (April 2007-April 2017)
      • Table Patents filed in the field of 3D printing in satellites (April 2007-April 2017)
  • Market segmentation by satellite part
    • Market segmentation by satellite part
    • Market share by satellite part
      • Table Market share by satellite part in 2021 (%)
  • Geographical segmentation
    • Market share by geography
      • Table Market share by geography in 2016 and 2021 (%)
    • Geographical segmentation by revenue
      • Table Geographical segmentation by revenue during 2016-2021 ($ millions)
    • 3D printing in low-cost satellite market in the Americas
      • Table 3D printing in low-cost satellite market in the Americas ($ millions)
    • 3D printing in low-cost satellite market in EMEA
      • Table 3D printing in low-cost satellite market in EMEA ($ millions)
    • 3D printing in low-cost satellite market in APAC
      • Table 3D printing in low-cost satellite market in APAC ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table CubeSats launched per year (2005-2015)
    • Market challenges
      • Table Worst debris crashes on Earth
  • Market trends
    • Economically viable space travel
    • Elimination of technical errors
    • 3D-printed rocket fuel development
  • Vendor landscape
    • Competitive scenario
      • Table List of competitors in the global 3D printing in the low-cost satellite market
      • Table Major competitors: Benchmarking
    • Airbus
      • Table Airbus: Key satellite capabilities
    • Boeing
      • Table Boeing: Key satellite capabilities
    • Lockheed Martin
      • Table Lockheed Martin: Key satellite capabilities
    • Stratasys
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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