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3D Printing in Low-Cost Satellite Market to Grow by USD 39.32 Billion from 2024-2028, Driven by Rapid Satellite Development; Market Evolution Powered by AI – Technavio

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NEW YORK, Sept. 30, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Global 3D Printing in Low-Cost Satellite Market size is estimated to grow by USD 39.32 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  75.62%  during the forecast period. Rapid development and deployment of low-cost satellites is driving market growth, with a trend towards increasing number of space exploration missions  However, scalability issues associated with 3D printing in low-cost satellite manufacturing  poses a challenge – Key market players include Airbus SE, EOS GmbH, L3Harris Technologies Inc., Lockheed Martin Corp., Stratasys Ltd., and The Boeing Co..

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3D Printing In Low-Cost Satellite Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 75.62%

Market growth 2024-2028

USD 39320.3 million

Market structure

Concentrated

YoY growth 2022-2023 (%)

61.87

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 47%

Key countries

US, China, UK, Germany, and Japan

Key companies profiled

Airbus SE, EOS GmbH, L3Harris Technologies Inc., Lockheed Martin Corp., Stratasys Ltd., and The Boeing Co.

Market Driver

The space industry witnessed significant advancements in 2023, with multiple space exploration missions launched by renowned organizations such as the European Space Agency (ESA) and the Indian Space Research Organization (ISRO). Notably, ESA’s Jupiter Icy Moons Explorer (Juice) mission was set to reach Jupiter by July 2031, while ISRO’s Chandrayaan-3 mission was successfully launched at a cost under USD100 million. Additionally, SpaceX launched 91 satellites using the Falcon 9 rocket. These milestones were accompanied by groundbreaking developments, including the first-ever 3D-printed rocket launch by SpaceX in Florida and two Starship test launches in Texas. The increasing number of space missions will fuel the demand for cost-effective satellites, thereby propelling the growth of the global 3D printing in low-cost satellite market in the forecast period. 

3D printing is revolutionizing the low-cost satellite market by enabling the production of housing, propulsion systems, and components for Nano and Microsatellites and Small Satellites. Advanced printer technology and materials from material suppliers are reducing satellite production costs for satellite manufacturers and space agencies. Budget-conscious space industry players are adopting 3D printing equipment for waste reduction and efficient production of satellite parts. This trend is particularly relevant for space exploration, satellite constellations, and small satellite missions. Components like antennas, brackets, and shields are being 3D printed for communication, Earth observation, navigation, internet access, telecommunications, broadcasting services, military operations, and more. Overall, 3D printing technology is transforming the space industry by making satellite manufacturing more accessible and cost-effective. 

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Market Challenges

The implementation of 3D printing in low-cost satellite manufacturing presents significant opportunities, but scalability remains a primary challenge. While 3D printing offers cost savings for creating small, complex components, its limitations in large-scale or high-volume production pose concerns. Three main scalability issues include printing speed, material compatibility, and post-processing challenges. 3D printers are slow in producing large and complex satellite parts, making it difficult to meet high-volume requirements within a short timeframe. Additionally, some materials required for low-cost satellite manufacturing are not compatible with 3D printers, reducing the available options. Lastly, post-processing steps, such as polishing, sanding, and painting, are labor-intensive and time-consuming, making it challenging to scale to high-volume production. These challenges may hinder the growth of the low-cost satellite manufacturing market during the forecast period.In the low-cost satellite market, housing, propulsion, and manufacturing challenges persist for Nano and Microsatellites and Small Satellites. Traditional satellite production methods face budget constraints, making 3D printing an attractive alternative. 3D printer technology, materials, and printing techniques offer solutions for satellite manufacturers and space agencies. Material suppliers are crucial for advanced printing technology, ensuring the production of high-quality satellite components. The space industry benefits from waste reduction through 3D printing, enabling space exploration and satellite constellations. Small satellite missions rely on 3D printing for producing essential components like antennas, brackets, and shields. Communication, Earth observation, navigation, internet access, telecommunications, broadcasting services, military operations, and more can be enhanced through satellite-based services made possible by this innovative technology. 3D printing equipment and materials are essential for producing satellite components, reducing costs and increasing efficiency. The use of 3D printing technology in satellite manufacturing is revolutionizing the space industry, enabling the production of complex structures and custom parts for various space applications.

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Segment Overview 

This 3d printing in low-cost satellite market report extensively covers market segmentation by  

Application 1.1 Aerospace and defense1.2 Scientific researchProduct 2.1 Power system2.2 Framework2.3 AntennaGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Aerospace and defense-  The demand for low-cost satellites is escalating in the aerospace and defense sectors due to the growing requirement for affordable and dependable satellite technology for various mission-critical applications. Small satellites, also known as low-cost satellites, offer several advantages over conventional, larger satellites. They have lower manufacturing and launch costs and faster deployment times. The global defense sector is witnessing a consistent increase in spending on defense, creating a significant market opportunity for low-cost satellites. For instance, the US Department of Defense (DoD) is investing in advanced technology and communication, surveillance, and reconnaissance capabilities by developing small satellites equipped with multiple sensors. The US government’s proposed budget for the fiscal year 2022 includes USD1.9 billion in funding for space programs, including low-cost satellite initiatives. One of the significant benefits of 3D printing in low-cost satellite and aerospace applications is the ability to produce parts with complex geometries, which cannot be manufactured using traditional methods. 3D printing also enables on-demand manufacturing, reducing lead times and streamlining supply chain processes. This capability is crucial in the aerospace and defense sector, where timely delivery is essential. For example, SpaceX, the space venture company owned by Elon Musk, has successfully launched Falcon 9 rockets with 3D-printed parts, significantly reducing the cost of its spaceflights. The use of 3D-printed low-cost satellites provides several benefits, including reducing manufacturing costs and timelines and enabling companies to send satellites into orbit more frequently. For instance, NASA launched the world’s first 3D-printed satellite in 2015, and Alba Orbital developed the PocketQube satellite in February 2022. The defense sector is also exploring the use of 3D-printed low-cost satellites. For example, the US Air Force (USAF) is collaborating with Aerojet Rocketdyne and 3D printing company Stratasys to develop 3D-printed rockets for space missions, aiming to reduce manufacturing time and cost to support military operations. In conclusion, the increasing application of 3D-printed low-cost satellites in the aerospace industry will drive the growth of the market during the forecast period. The benefits of 3D printing, such as reduced manufacturing costs and timelines and the ability to produce complex geometries, make it an attractive option for both commercial and defense applications. The global market for 3D printing in low-cost satellite manufacturing is expected to grow significantly in the coming years.

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Research Analysis

The 3D printing technology is revolutionizing the satellite manufacturing industry, offering significant cost savings and design flexibility. This innovation is transforming the space sector, enabling the production of lightweight, customizable satellite components and structures. The technology’s applications in satellite-based services are vast, including communication, Earth observation, navigation, internet access, telecommunications, broadcasting services, and military operations. 3D printers and printer technology are at the heart of this transformation, utilizing advanced printing techniques and materials from material suppliers tailored for space applications. These materials include high-strength composites, alloys, and polymers, ensuring durability and functionality in the harsh space environment. The space industry is embracing this technology, with satellite constellations being developed using 3D printed components. The benefits of 3D printing in satellite manufacturing extend to space exploration, enabling the creation of advanced printing technology for in-space manufacturing and reducing the need for extensive ground-based infrastructure. Overall, 3D printing is driving innovation and cost savings in the satellite market, paving the way for a new era of space applications.

Market Research Overview

The 3D printing technology is revolutionizing the small satellite market by enabling the manufacturing of satellite components with reduced budgets and lead times. This technology is being increasingly adopted for the production of Nano and Microsatellites and Small Satellites due to its potential to produce lightweight and complex structures. 3D printing is being used to create various satellite components such as antennas, brackets, shields, housing, propulsion systems, and more. The space industry is leveraging advanced printing technology to produce satellite constellations for various applications including communication, Earth observation, navigation, internet access, telecommunications, broadcasting services, military operations, and space exploration. The use of 3D printing reduces waste, streamlines production, and allows for customization of satellite components. Material suppliers and printer technology manufacturers are also investing in this space to provide suitable materials and equipment for satellite manufacturing. The space industry, satellite manufacturers, and space agencies are embracing this technology to overcome budget constraints and produce high-quality satellite components for various space applications.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationAerospace And DefenseScientific ResearchProductPower SystemFrameworkAntennaGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Canada to advance global nature conservation and climate action at upcoming United Nations conferences

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OTTAWA, ON, Oct. 16, 2026 /CNW/ — In a more uncertain and increasingly unstable world, Canada is stepping up to build a safer and more resilient future. Addressing climate change and biodiversity loss requires ambitious action at home and around the world. By advancing progress on both, Canada will protect nature, build resilient communities, and create lasting prosperity for future generations. International cooperation is key to achieving these goals.

That is why the Honourable Julie Dabrusin, Minister of the Environment, Climate Change and Nature, will lead Canada’s efforts as Head of Delegation at the 17th meeting of the Conference of the Parties to the Convention on Biological Diversity (COP17) and the 31st meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31).

At COP17, Minister Dabrusin and the Honourable Nathalie Provost, Secretary of State (Nature), will work with international partners to accelerate implementation of the Kunming–Montréal Global Biodiversity Framework. From October 19 to 30, 2026, in Yerevan, Armenia, Canada will champion the critical role of Indigenous peoples in conservation and advocate for practical solutions to mobilize global resources for biodiversity finance. Canada will showcase its leadership through two Canadian-led official side events focused on innovative nature finance and the essential role of Indigenous leadership in advancing conservation efforts at home and around the world. The delegation will also take part in strategic bilateral meetings, high-level roundtables, and civil society events to strengthen cooperation, advance solutions, and drive action to halt and reverse biodiversity loss.

From November 9 to 20, 2026, in Antalya, Türkiye, Canada will participate in the 31st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31). Building on multilateral engagements, including the 10th Ministerial on Climate Action, Canada will continue working with international partners, Indigenous representatives, civil society, youth, and other stakeholders to strengthen the resilience of vulnerable communities; reduce methane emissions; accelerate electrification; and mobilize finance and investments from public and private sources. For the fifth consecutive year, Canada will host a national pavilion at COP31, showcasing Canadian climate leadership and innovation. The Canada Pavilion will serve as a hub for connection and collaboration.

Canada’s international leadership is backed by action at home. To accelerate electrification, Canada is building major clean energy projects across the country, including with the largest clean energy investment in North American history in Churchill Falls. Through A Force of Nature: Canada’s Strategy to Protect Nature and $3.8 billion in investments and funding, Canada is advancing its commitment to conserve 30% of lands and waters by 2030 through strong partnerships and innovative approaches to conservation. Canada recently reinforced this commitment by joining the 30×30 for Nature and People Ministerial Declaration at the 81st session of the United Nations General Assembly. Prime Minister, Mark Carney, recently announced a historic investment of $1.2 billion to better protect Canada’s oceans and the life they sustain. This will increase monitoring, strengthen ocean science and ecosystem protections, and improve marine incident prevention and preparedness. These priorities will be a key focus at both upcoming conferences.

Canada’s delegations to COP17 and COP31 will bring together the diverse perspectives from across Canadian society, including Indigenous representatives, civil society, the private sector, youth, and provincial and territorial government representatives. Working with international partners, these delegations help advance practical solutions to protect nature, strengthen resilience, and support sustainable economic prosperity.

Quotes

“Climate change and biodiversity loss are global challenges that no country can solve alone. At COP17 and COP31, Canada will work with partners from around the world to strengthen implementation of the Kunming–Montréal Global Biodiversity Framework and the Paris Agreement and collective efforts to address nature protection and climate change. Through international cooperation, Indigenous leadership, innovative solutions, and a collective commitment to conservation and climate action, we will build a sustainable future for people and nature alike.”
– The Honourable Julie Dabrusin, Minister of the Environment, Climate Change and Nature

“Nature loss is a global challenge that requires countries to work together and turn shared commitments into action. At COP17, Canada will share its experiences in advancing nature finance, including innovative approaches to valuing natural capital and mobilizing private investment for conservation. By exchanging ideas, lessons learned, and practical solutions with international partners, we can accelerate progress toward our global biodiversity goals and recognize nature as a foundation of long-term economic prosperity and resilience.”
– The Honourable Nathalie Provost, Secretary of State (Nature)

Quick facts

As the second largest country in the world, Canada has a vast amount of natural capital, including 24% of the world’s boreal forest, 37% of lakes, 25% of wetlands, and approximately 80,000 species. We have both a responsibility to steward these resources as well as a competitive advantage because of these assets.Canada hosted the 15th meeting of the Conference of the Parties to the United Nations Convention on Biological Diversity (COP15) in Montréal in 2022, which resulted in the adoption of the Kunming–Montréal Global Biodiversity Framework: an ambitious global plan to halt and reverse biodiversity loss by 2030.Canada supports the Armenian COP17 presidency and its approach to strengthen implementation of the Kunming–Montréal Global Biodiversity Framework toward meeting the Framework’s goals and targets.In September 2026, Canada and China co-chaired the Kunming Dialogue in Kunming, China. The Dialogue was a multilateral working-level meeting to discuss progress and challenges in the implementation of the Framework ahead of COP17.The Canada Pavilion at the United Nations Conference of the Parties (COP) is a key space to show Canadian climate leadership and innovation.Reducing methane emissions remains one of the fastest and most cost-effective ways to limit the rise of near-term global temperatures. Canada serves as co-convenor of the Global Methane Pledge, which counts 159 participating countries and the European Commission, with participants agreeing to take voluntary actions toward a collective goal of reducing global methane emissions at least 30% by 2030 (from 2020 levels).In April 2026, Canada announced a new goal of delivering $13 billion in international climate finance over the next five years.

Associated links

A Force of Nature: Canada’s Strategy to Protect NaturePrime Minister Carney Announces Historic Investment to Protect Canada’s OceansCanada Pavilion at the Conference of the Parties (COP)

Environment and Climate Change Canada’s X page
Environment and Climate Change Canada’s Facebook page
Environment and Natural Resources in Canada’s Facebook page
Environment and Climate Change Canada’s LinkedIn page
Environment and Climate Change Canada’s Instagram page

SOURCE Environment and Climate Change Canada

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DGEN TECHNOLOGIES (FORMERLY CHINA KELI ELECTRIC COMPANY) COMPLETES ACQUISITION AND NAME CHANGE AND FILES CSE LISTING STATEMENT

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VANCOUVER, BC, Oct. 16, 2026 /CNW/ — DGEN Technologies Corp. (formerly China Keli Electric Company Ltd.) (the “Company”) is pleased to announce that it has completed its previously announced acquisition of DGEN Financial Holdings Corp. (formerly DGEN Technologies Corp.) (“DGEN”) pursuant to a share exchange agreement dated December 9, 2025, as amended on August 17, 2026 (the “SEA”) on October 14, 2026 (the “Transaction”).

Pursuant to the Transaction, the Company acquired all of the issued and outstanding shares of DGEN in exchange for the issuance of an aggregate of 9,550,360 common shares of the Company (“Common Shares”) and 7,000,360 Common Share purchase warrants (“Warrants”) to certain former shareholders of DGEN. Each Warrant entitles the holder to acquire one Common Share at a price of $0.25 until October 14, 2028. As a result of the Transaction, DGEN became a wholly-owned subsidiary of the Company. As of the date hereof, the Company has 29,161,364 Common Shares and 7,000,360 Warrants issued and outstanding.

In connection with the completion of the Transaction, the Company changed its name from “China Keli Electric Company Ltd.” to “DGEN Technologies Corp.” and, hereinafter, will carry on the business of DGEN.

Listing Statement

Following the closing of the Transaction, the Company has filed a CSE Form 2A listing statement dated October 14, 2026 (the “Listing Statement”) on SEDAR+ under its profile relating to the Transaction and the proposed CSE listing. Investors are encouraged to review the Listing Statement, which provides detailed information about the Transaction, the Company and its operations.

The Company has received conditional approval to list the Common Shares on the Canadian Securities Exchange (the “CSE”) and has delisted the Common Shares from the TSX Venture Exchange in anticipation of listing on the CSE. The Common Shares are expected to commence trading on the CSE under the symbol “DGEN” on or about October 20, 2026.

Board of Directors and Management

Following completion of the Transaction, the directors and officers of the Company are Cole Goodwin, Chief Executive Officer and Director, Philip Lo, Chief Financial Officer, Corporate Secretary and Director, Sean Webster, Director, and Yee Man Cheung, Director.

Mr. Goodwin is a business executive with over 10 years of experience in alternative and traditional investment markets, financial technology and corporate operations. His experience includes senior management and board roles with publicly traded companies, including as Chief Operating Officer of Hyper Bit Technologies Ltd. Mr. Goodwin provides the Company with strategic and operational oversight in respect of its technology platform, including development and commercialization of payment infrastructure, integration of payment gateways, technology deployment and vendor management.

Escrow

At the time of listing, the Company will have 2,496,000 Common Shares and 1,000,000 Warrants held by related persons subject to escrow pursuant to an escrow agreement dated October 14, 2026 among the escrowed securityholders, the Company and Odyssey Trust Company, as escrow agent, subject to a 36-month release schedule pursuant to National Policy 46-201 – Escrow for Initial Public Offerings.

About DGEN Technologies Corp.

DGEN Technologies Corp. is a Vancouver-based technology company developing a cloud-based payment platform intended to integrate point-of-sale, kiosk and mobile payment systems into a unified and scalable solution. The Company’s platform is currently in beta stage and is operational, but has not yet been commercialized or generated revenue.

The CSE has not reviewed, approved, or disapproved, and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws, including, without limitation, statements with respect to: the expected listing of the Common Shares on the CSE; the satisfaction of any remaining conditions to listing; the business and operations of the Company following completion of the Transaction; the Company’s platform, including its development, commercialization, functionality, market adoption and ability to generate revenue; the Company’s intended business objectives; the escrow arrangements applicable to certain Common Shares and Warrants; and future plans and expectations of the Company. Forward-looking information is based on management’s current expectations, estimates, projections, beliefs and assumptions as of the date of this news release.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to: the possibility that the Common Shares may not commence trading on the CSE when expected or at all; risks relating to the Company’s early stage of development; the fact that the platform is in beta stage, has not yet been commercialized and has not generated revenue; risks associated with development, commercialization and market adoption of the platform; competition from established payment technology providers; reliance on third-party contractors and service providers; additional financing and dilution risks; market volatility; regulatory, compliance, cybersecurity and data privacy risks; risks relating to escrowed securities; and the other risks described in the Listing Statement. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date of this news release. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

SOURCE DGEN Technologies Corp.

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ASSA ABLOY sells PKI business unit to Vista Equity Partners

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STOCKHOLM, Oct. 16, 2026 /PRNewswire/ — ASSA ABLOY has signed an agreement to sell HID’s PKI business unit to Vista Equity Partners (“Vista”).

The PKI business unit (Public Key Infrastructure) provides digital trust, identity, authentication, encryption, and certificate management solutions. The business unit includes PKI SaaS – IdenTrust and HydrantID – credential management, and ZeroSSL.

“I find it very satisfying that with Vista, the PKI business unit and its employees and customers gain a committed long-term investor, creating new opportunities for the future and I wish them every success,” says Nico Delvaux, President and CEO of ASSA ABLOY.

“Our PKI team has built a strong business with a strong customer base, and Vista has the expertise to take it forward as the market evolves,” says Björn Lidefelt, EVP and Head of HID. “We are pleased with this outcome for our customers, our employees, and for HID.”

The divested business had sales in 2025 of MUSD 58 (approx. MSEK 570) with a strong operating margin.

The divestiture is subject to customary closing conditions and is expected to close during the fourth quarter of 2026.

For more information, please contact: 
Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: bjorn.tibell@assaabloy.com

About ASSA ABLOY
ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. We operate worldwide with 64,000 employees and sales of SEK 152 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation. Our innovations enable safe, secure and convenient access to physical and digital places.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/assa-abloy/r/assa-abloy-sells-pki-business-unit-to-vista-equity-partners,c4410007

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