Worldwide Satellite Launch Vehicle Market Analysis & Technological Innovation by Leading Key Players - ARCA Space, Blue Origin, Boeing Space and Communications, Bristol Spaceplanes, E Prime Aerospace, Eurockot Launch Services, Kelly Space & Technology, Lo

A highly acclaimed vertical of the automotive and transportation space, global satellite launch vehicle market currently stands as a highly remunerative sphere, thanks to the escalating surge in satellite deployment across the globe for communication, weather monitoring, navigation, and more. Having recognized the potential requirement for satellites, prominent research organizations and industry players have been striving to bring about technological advancements in satellite production and increase the number of satellite launches every year to keep up with the surging demand. For example, the Small Satellite Launch Vehicle built by the ISRO, plans to enable affordable satellite launch options in India, thereby accelerating revenue. Antrix, ISRO’s commercial arm, claims that the SSLV may be cleared for launch by the next year and will cater to smaller satellites such as cubesats and nanosats. Incidentally, the SSLV is not the only project that has kept the ISRO busy. The space agency, as per authentic sources, has also been building smaller launch vehicles that will be able to carry satellites weighing between 500 kg to 700 kg and up to 500 km from the earth's surface. ISRO’s chief had been quote stating that the agency is targeting the opening of incubation centers at six places in the nation that would serve to encourage innovation. The myriad efforts put in ISRO and other space startups in India are certain to impel the regional satellite launch vehicle market.

Market Study Report recently introduced new title on “2018-2024 Global Electronic Ceramics Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.

Increasing frequency of satellite launches for scientific, R&D, navigation and communication applications will drive the industry share. The technological revolution in satellite design, and launch will reduce the overall costs, thereby fueling the satellite launch vehicle market from 2018 to 2024. For instance, in 2017, China Aerospace Science and Technological Corporation (CASC), a state-owned manufacturer and developer of launch vehicles, announced its readiness to provide economical and faster low earth orbit launches.

Prominent players in the satellite launch vehicle market include Boeing Space & Communication, E Prime Aerospace, Lockheed Martin, SpaceX, Virgin Galactic, ISRO, Mitsubishi Heavy Industries, ARCA Space, Kelly Space & Technology and Blue Origin. Joint ventures, partnerships and long-term agreements with Government and private organizations for launch and testing are the key strategies adopted by these players to strengthen their market presence.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1241488/

Satellite Launch Vehicle Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a 2.7% CAGR to 2024.

GEO orbit dominated the market revenue accounting for over USD 1.3 billion in 2017. It does not require reorientation after the launch and follow a specified path and distance from earth. These are extensively used in homeland security, environmental data and intensive observation data analysis. It offers low-cost communication, reliable transmission and low maintenance as compared to other satellites.

Primary payload held the major share accounting for over 61% of the overall market in 2017. Increasing satellite launches for specific missions in scientific research, observation and tactical intelligence will fuel segment growth. Moreover, the development of new launch sites and initiatives by the emerging nations to expand their space programs will positively influence the business growth.

Non-commercial sector led the market share owing to its extensive usage in military, scientific and government operations. The rising utilization of remote sensing applications for navigation, communication and intelligence gathering by scientific and military organizations are the key factors driving the segment growth.

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/1241488/

Asia Pacific accounted for over 37% of the market share in 2017. Increasing focus on establishing indigenous space research programs and integration of modern communicative technologies in critical fields such as military, science and government services will drive the regional growth.

Communications were the largest application for satellite launching vehicles contributing over 40% volume share in 2017. Increasing focus by the communication sector to improve data bandwidth and high-speed connectivity are the major factors driving the business growth. Furthermore, the rising utilization of IoT, smart devices, and wireless technology will necessitate the launch of satellites for communication-based applications.

Table of Content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. SLV Industry Insights
Chapter 4. SLV Market, By Orbit
Chapter 5. SLV Market, By Number of Payloads
Chapter 6. SLV Market, By Launch Activity
Chapter 7. SLV Market, By Application
Chapter 8. SLV Market, By Region
Chapter 9. Company Profiles

For More Details on this Report At: https://www.marketstudyreport.com/reports/satellite-launch-vehicle-slv-market

Related Report:

Commercial Satellite Launch Service Market Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2024
Proliferating use of GPS and communication-based facilities will require additional launches thereby boosting commercial satellite launch service Market from 2018 to 2024.

https://www.marketstudyreport.com/reports/commercial-satellite-launch-service-market/?utm_source=RR-PSR

Outer Scope of this Report:SLV market has been strengthening its stance in geographies apart from India and the Asian belt as well. Recently, Europe launched a rocket from the French Guyana, in order to send a satellite into the orbit, as a part of the company’s proposed world’s first space mission aimed at mapping the Earth’s wind on a global scale.

About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:
Market Study Report
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: www.marketstudyreport.com
Blog: www.marketstudyreport.com/blog

This release was published on openPR.