Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.76 Billion | USD 5.24 Billion | 6.60% | 2024 |
FrequentlyAsked Questions
Mechanical Ground Support Equipment (MGSE) comprises specialized tools, fixtures, and systems designed to support satellite manufacturing, integration, testing, transportation, and launch preparation activities throughout the spacecraft lifecycle.
The MGSE in space (satellite) market is expected to be driven by increasing satellite constellation deployments, advancements in spacecraft design requiring specialized handling equipment, growth in commercial space activities, development of reusable launch systems, and emerging requirements for on-orbit servicing and assembly operations.
According to our study, the global MGSE in space (satellite) market was worth around USD 2.76 billion in 2024 and is predicted to grow to around USD 5.24 billion by 2034.
The CAGR value of the MGSE in space (satellite) market is expected to be around 6.60% during 2025-2034.
The global MGSE in space (satellite) market will register the highest growth in North America during the forecast period, with Europe showing significant growth potential based on technical capabilities and growing commercial space activities.
Key players in the MGSE in space (satellite) MGSE in space (satellite) market include Lockheed Martin Corporation, Northrop Grumman Corporation, Airbus Defence and Space, Boeing Defense, Space and Security, Thales Alenia Space, SSL (Maxar Technologies), RUAG Space, Sierra Nevada Corporation, Astrotech Space Operations, Moog Inc., GandH Group, Safran, SpaceX, Blue Origin, Virgin Orbit, MT Aerospace AG, OHB System AG, Orbital ATK (now part of Northrop Grumman), and Swedish Space Corporation.
The report comprehensively analyzes the MGSE in space (satellite) market, including an in-depth discussion of market drivers, restraints, emerging trends, regional dynamics, and future growth opportunities. It also examines competitive dynamics, technological innovations, and the evolving requirements shaping the space ground support equipment ecosystem.
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