Press release
Commercial Satellite Launch Service Market will Grow at 2.5% CAGR During 2018 - 2024 | Global Key Players - Airbus, Lockheed Martin, Space Exploration Technology, Boeing, Axelspace Corporation, and Orbital ATK
Market Overview:-Proliferating use of GPS and communication-based facilities will require additional launches thereby boosting commercial satellite launch service market size 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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LEO segment of commercial satellite launch service market 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.
Top Key Players:-
The key players of global Commercial Satellite Launch Service Market are Lockheed Martin, Airbus, Space Exploration Technology, Boeing, Axelspace Corporation, and Orbital ATK.
Regional Segmentations:-
North America is predicted to dominate commercial satellite launch service market size 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.
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Major Points of Table Of Content:-
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
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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.
Communication commercial satellite launch service market size 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.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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