Global Commercial Satellite Launch Service Market Analysis & Technological Innovation by Top Key Player Lockheed Martin, Airbus, Space Exploration Technology, Boeing, Axelspace Corporation, and Orbital ATK & More

Commercial satellite launch service market is anticipated to witness significant growth in the ensuing years, attributed to the rapid penetration of internet worldwide, increasing use of navigation services for location tracking, and growing adoption of cab services. In a recent turn of events, India’s principal space organization ISRO’s commercial wing Antrix Corporation Limited, launched 2 commercial British satellites namely NovaSAR & S1-4. Incidentally, these satellites would be employed for flood & disaster monitoring, forest mapping, and other uses. An increasing number of orbital launch sites across the globe and a reduction in service expenses are poised to impel commercial satellite launch service industry growth.

Market Study Report adds a new Commercial Satellite Launch Service Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.

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 commercial satellite launch service Market over the forecast period. For instance, in 2017, Airbus commissioned factory to manufacture One-Web SATs with annual investment of around USD 17 billion.

Communication commercial satellite launch service Market 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.

Commercial satellite launch service market players are Lockheed Martin, Airbus, Space Exploration Technology, Boeing, Axelspace Corporation, and Orbital ATK. Industry players 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.

Outer Scope of this report Amid intensifying competition between global players, the European-made Ariane 5 can be considered one of the most sought-after companies in commercial satellite launch service market, hauling 205 satellites into the space orbits to date. Two U.S. based communication satellites are all set to ride the 100th trip of the Ariane 5 rocket into space from the French Guiana jungle, in late September. That said, other industry majors are also leveraging their expertise and are intent on capturing huge market shares through collaborations, R&D initiatives, product innovation, and facility expansions. Recently, Space Exploration Technologies Corporation, successfully launched a commercial satellite for Telesat, marking the satellite launch giant’s 16th mission of 2018. The satellite dubbed the Telstar 18 Vantage satellite would expand the communications services in New Zealand, Southeast Asia, Australia, and Mongolia. On this note, it is prudent to mention that through such growth tactics, commercial satellite launch service market players would certainly amass commendable gains in the future.

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Table of Content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Commercial Satellite Launch Service Industry Insights
Chapter 4. Commercial satellite launch service Market, By Orbit
Chapter 5. Commercial satellite launch service Market, By Size
Chapter 6. Commercial satellite launch service Market, By Application
Chapter 7. Commercial satellite launch service Market, By Region
Chapter 8. Company Profiles

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