Satellite Launch Service Market (Commercial) Report for 2018-2024 Released

MarketStudyReport.com adds a new market research report on Commercial satellite launch service market Size By Orbit (LEO, MEO, GEO, HEO), By Size (Large, Medium, Small, Micro), By Application (Navigational, Communication, Reconnaissance, Weather Forecasting, Remote Sensing) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, China, Japan, India, New Zealand, Korea), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2024 published by Global Market Insights, Inc. to the Automotive segment of its online reports store.

The substantially elevated deployment rate of navigation applications is certain to have an influence on the revenue graph of commercial satellite launch service market. Core companies have recognized the immense potential this fields holds on account of rising internet usage and have accordingly been working to schedule several satellite launch programs. RocketLab for example, hopes to soon launch its Electron rocket from a launchpad near Mahia, while lon Musk's SpaceX won a contract worth $130 million to launch a US Air Force satellite. Aided by the support of institutions such as the European Commission and the U.S. Federal Aviation Administration, commercial satellite launch services market stands to gain much in the ensuing years. As per estimates, a total of 90 orbital launch attempts were recorded in 2017 – two short of the 92 attempts in 2014 and five short of the 85 known attempts in 2016.

Proliferating use of GPS and communication-based facilities will require additional launches thereby boosting commercial satellite launch service market from 2018 to 2024. Rising sales of passenger vehicles with built-in navigation facility has increased adoption of this facility in various sectors including information & technology, electronics, and automobile. Companies in oil and gas sector trace the fuel tankers and vehicles for monitor the on-shore facilities that requires well established communication network. Owing to diverse applications the service demand is predicted to expand thereby supporting industry growth rate.

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Increasing public spending and availability of financial investment is spurring the use of smart appliances, such as smart televisions and web streaming which in turn will fuel commercial satellite launch service Market. Soaring smart phone sales along with internet usage among youngsters is enhancing web-based applications such as AccuWeather, Google search, Facebook, and Instagram. In addition, introduction of smart classes will further improve internet penetration. In 2017, the number of online users reached approximately to 25 million. This in turn will escalate the commercial satellite launch service market in next seven years.

Continuous R&D activities for cost reductions will aid developing countries such as India to strengthen its position., In 2018, ISRO launched 31 satellites and is planning for around 3000 in next ten years. Rising satellite manufacturing facilities will strengthen the industry over the forecast period. For instance, in 2017, Airbus commissioned factory to manufacture One-Web SATs with annual investment of around USD 17 billion.

Government agencies such as the U.S. Federal Aviation Administration (FAA) recommends and approves the regulations and procedures that govern commercial launch service industry. It satisfies infrastructure requirement for the companies located both domestically and internationally. European space organizations are exploring various alternatives for micro launchers for launching SATs for different applications including, telecom, technology demonstration, education, earth observation, and mobile applications.

Prohibitive cost may hinder the commercial satellite launch service market growth during forecast period. In addition, launching challenges, quality control, absence of proper launch facility, and distribution channel may restrict the industry growth. However, declining price owing to technological advancements thereby reinforcing Industry.

LEO segment of industry will exhibit CAGR of around 3.2% during forecast period owing to less deploy time and low launching cost in comparison with other orbits. Additionally, the segment is the positive gateway for expanding connectivity in remote areas.

The micro commercial satellite launch service market will experience more than 6% of growth rate during the projected time span. This growth rate can be credited to rising developments for enhancing affordability and reliability of the launching vehicles. Micro SATs penetration is observed in various industries owing to compact size.

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‘Communication’ will dominate industry volume share owing to increasing usage of wireless technology and rising connectivity among various countries. Reconnaissance segment is anticipated to hold over 35% of overall revenue share owing to utilization of imagery SATs for improving farming techniques. Online web sources and GIS tools for farmers will further spur segment revenue over the forecast period.

North America is predicted to dominate commercial satellite launch service market and will be worth over USD 2.5 billion by 2024. This dominance can be credited to availability of robust infrastructure in the region and presence of multiple space organizations including SpaceX and NASA. Expansion of navigation industry demand to locate destinations is contributing significantly in regional revenue generation. Asia Pacific is anticipated to register robust growth owing to low launching cost offered by organizations such as ISRO.

Major industry players include Lockheed Martin, Airbus, Space Exploration Technology, Boeing, Axelspace Corporation, and Orbital ATK. Companies are adopting mergers and acquisition strategy to enhance their industry share. In January 2018, ULA acquired Atlas division of Lockheed to reduce cost and enhancing business efficiency.

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Selected Chapters and their sections from the report are listed below:

Chapter 1. Methodology and Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope, definition and forecast parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. Commercial satellite launch service industry 360 degree synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Orbit trends

2.1.3. Size trends

2.1.4. Application trends

2.1.5. Regional trends

Chapter 3. Commercial Satellite Launch Service Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1. Component Suppliers

3.3.2. Service providers

3.3.3. Profit margin analysis

3.3.4. Distribution channel analysis

3.3.5. Vendor matrix

3.4. Pricing analysis

3.4.1. By region

3.4.1.1. NA

3.4.1.2. Europe

3.4.1.3. APAC

3.4.1.4. ROW

3.4.2. Cost structure analysis

3.5. Technology landscape

3.6. Regulatory landscape

3.6.1. NA

3.6.2. Europe

3.6.3. APAC

3.6.4. ROW

3.7. Global space economy overview

3.8. Global existing and proposed orbital launch sites

3.9. Development in micro launchers

3.10. Industry impact forces

3.10.1. Growth drivers

3.10.1.1. North America

3.10.1.2. Europe

3.10.1.3. Asia Pacific

3.10.1.4. RoW

3.10.2. Industry pitfalls & challenges

3.10.2.1. High launch prices

3.10.2.2. High investments

3.11. Innovation & sustainability

3.12. Growth potential analysis, 2017

3.13. Porter's analysis

3.14. Competitive landscape, 2017

3.14.1. Company market share analysis, 2017

3.14.2. Strategy dashboard

3.15. PESTEL analysis

Related Reports: -
2018 Global Satellite Launch Industry Report - History, Present and Future
The global market size of Satellite Launch is $XX million in 2017 with XX CAGR from 2013 to 2017, and it is expected to reach $XX million by the end of 2023 with a CAGR of XX% from 2018 to 2023.
https://www.marketstudyreport.com/reports/2018-global-satellite-launch-industry-report-history-present-and-future

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