Research Overview

The global space industry has been expanding with the entry of new participants and non-space companies that are extending their roles to cater to both the upstream and the downstream segments. The upstream segment is expanding exponentially and is seeing successful launches by low earth orbit (LEO) satellite constellation operators as well as planned launches. This increase in demand is driving the need for the serial production of satellites and launch vehicles. Important participants such as OneWeb and Starlink have proprietary manufacturing facilities, indicating the vertical integration of their role across the value chain. A similar trend is being observed in the development of launch vehicles. Most companies participate in the downstream segment and offer tailored solutions that utilize AI and ML, thereby allowing end users to employ data for decision-making, without needing additional skills for data interpretation. A steep rise in investments is being observed across both space and non-space investors. Frost & Sullivan has documented about 6,174 organizations by country and by region. It has identified multiple roles and sub-roles across the space ecosystem.