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Growth Projections in Satellite Industry
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The global Satellite Manufacturing and Launch market is set to increase from US$22.9 Billion in 2022 to US$28.6 Billion by 2030, with the Satellite Manufacturing sector anticipated to hit US$20.1 Billion. The industry boasts 119 global players, with the U.S. market valued at $14.1 Billion. China is projected to maintain a 3.3% CAGR, and Germany in Europe is expected to grow at around 3.1% CAGR.
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How could this projected market growth impact technological advancements in satellite manufacturing and launch capabilities?
How might the competitive landscape evolve with 119 global players in the satellite industry?
What factors are driving the differing growth rates between China and Germany in this sector?
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