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3. 3D Printed Satellite Companies - Maxar Space Systems (US) and Boeing (US) are the Key Players

The 3D printed satellite market is projected to grow from USD 112 million in 2024 to USD 487 million by 2030, at a CAGR of 27.7% from 2024 to 2030. creates components directly from a digital construction plan. 3D printing bridges the gap between prototyping and mass production and is suitable for low-volume production. For certain products required in limited piece counts (say 5,000 units), conventional mass production with its costly molds and large plants is too expensive. Conventional manufacturing is cost-effective only for mass production (say above 10,000 units) owing to the high cost of the mold and infrastructure required. The minimum piece count required for conventional manufacturing to offer cost advantages depends on the size and complexity of the part to be produced, and the overall cost of the mold.

The space sector is rapidly integrating 3D printing with other key technologies, including the Internet of Things (IoT), Big Data, advanced analytics, cloud computing, modeling and simulation, optimization of production processes, and predictive analytics. 3D printing technology is mostly used in artificial intelligence (AI) and subsets of AI like machine learning (ML) for various space applications. AI can solve a given problem without human intervention based on data and past experiences. When combined with 3D printing technologies, AI could increase the performance of a 3D printer by reducing the risk of error and facilitating automated production.

To know about the assumptions considered for the study download the pdf brochure

Major 3D Printed Satellite companies include:

• Maxar Space Systems (US)
• Boeing (US)
• 3D Systems (US)
• Northrop Grumman Corporation (US)
• Fleet Space Technologies Pty Ltd (Australia)

Maxar Space Systems (US), Boeing (US), 3D Systems (US), Northrop Grumman Corporation (US), and Fleet Space Technologies Pty Ltd (Australia) are some of the leading companies in the market. To strengthen their position in this market, these companies have implemented various growth strategies.

Maxar Space Systems (US)

Maxar Space Systems, previously a business segment of Maxar Technologies is a leading space technology and manufacturing company that focuses on delivering innovative solutions to its customers related to mission systems engineering, product design, spacecraft manufacturing, assembly, integration, and testing. They have 60 years of experience in designing manufacturing spacecraft components for communications, Earth observation, exploration and on-orbit servicing and assembly. Maxar Space Systems displays a global clientele spanning 70 countries, with a record of deploying 90 satellites currently operational in orbit. With over 300 successful spacecraft launches, Maxar has accumulated an impressive 2,900 collective years of on-orbit experience, solidifying its position as a leader in the space technology industry. In September 2023, Maxar Technologies restructured itself into two separate businesses – Maxar Space Systems and Maxar Intelligence after being acquired by a private equity firm Advent International in a USD 6.4 billion deal.

Northrop Grumman Corporation (US)

Northrop Grumman Corporation is a global aerospace & defense technology company that operates through four different business segments, namely, aeronautics systems, defense systems, mission systems, and space systems. It provides electronic warfare products and solutions through its mission systems segment. It is a prime contractor for high-priority defense and government service technology programs in the US. Northrop Grumman conducts business with local, state, and foreign governments, along with international customers in the commercial sector. Space Logistics (US), a wholly owned subsidiary of Northrop Grumman, offers collaborative space logistics and in-orbit servicing solutions to geosynchronous satellite operators. It operates a fleet of commercial servicing vehicles, including the mission extension vehicle, mission robotic vehicle, and mission extension pods, for comprehensive support to satellite operations in space. Northrop Grumman maintains its presence in 25 countries and has offices in Australia, UK, France, Germany, Italy, Poland, the Netherlands, Japan, Saudi Arabia, South Korea, and UAE.

Boeing (US)

Boeing specializes in the development, manufacturing, and servicing of commercial airplanes, defense products, and space systems for a clientele spanning over 150 countries. Functioning as a leading US exporter, the company strategically harnesses the capabilities of a diverse global supplier network to propel economic opportunities, sustainability, and community impact. It has an extensive legacy of aerospace leadership and innovation and persistently broadens its portfolio and services to address evolving customer requirements. It operates through three distinct business units, namely Commercial Airplanes, Defense, Space & Security, Boeing Global Services, and Boeing Capital.

3D Systems (US)

3D Systems initiated the 3D printing industry in 1986 and has consistently spearheaded additive manufacturing innovation since then. Their extensive array of hardware, software, and material solutions encompasses plastics and metals, supported by specialized engineering knowledge within their consulting, Applications Innovation Group. Their additive manufacturing solutions are extensively employed across various advanced industrial sectors such as Aerospace and Defense, Automotive, Healthcare, Semiconductor, Jewelry, and Motorsports to fuel performance enhancements.

Fleet Space Technologies (Australia)

Fleet Space Technologies Pty Ltd is a leading provider of satellite-based communication solutions, specializing in the development and deployment of advanced nanosatellite technology. Their primary focus is on facilitating connectivity for Internet of Things (IoT) devices and applications. The company offers end-to-end solutions tailored to meet the specific communication requirements of various industries.  Fleet Space Technology leverages its expertise in satellite design, manufacturing, and deployment to deliver reliable and cost-effective connectivity solutions to its global clients. Fleet Space Technologies' proprietary technology enables efficient data transmission and communication across remote and challenging environments, empowering businesses to unlock new opportunities and optimize their operations. Through strategic partnerships with company like 3D Systems, Inc and innovative satellite solutions, the company continues to drive advancements in satellite-based communication technologies, positioning itself as a key player in the rapidly evolving space industry landscape.

Related Reports:

3D Printed Satellite Market by Component (Antenna, Bracket, Shield, Housing and Propulsion), Satellite Mass (Nano and microsatellite, small satellite, medium and large satellite), Application and Region - Global Forecast to 2030

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Northbrook, IL 60062
USA : 1-888-600-6441
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