Global Commercial Satellite Launch Service Market 2018-2024 Revenue, Regional Growth & Trends with Companies - Orbital ATK, Airbus, Boeing, SpaceX, NASA, Lockheed Martin

Commercial Satellite Launch Service Market for Communication segment 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.

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Usage of smart devices and services for personal use such as Smart TVs, online streaming services, etc. accelerates the financial investments. High demand for weather forecasting software is witnessed such as AccuWeather, The Weather Channel, Yahoo Weather, Google Weather, etc. Schools and colleges across the globe are introducing new smart classes initiatives. Rising penetration of mobile phones internet usage across the globe owing to next generation 4G/LTE networks with attractive data plans is driving the wireless technology. Due to proliferating usage of these applications across the globe additional number of satellites will be required. This in turn will escalate the revenue generation of the commercial satellite launch service market.

Commercial Satellite Launch Service Market by Orbit

• LEO
• MEO
• GEO
• HEO

Commercial Satellite Launch Service Market by Application

• Navigational
• Communication
• Reconnaissance
• Weather Forecasting
• Remote Sensing

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Ariane Group
2. GK Launch Services
3. Lockheed Martin
4. United Launch Alliance
5. Commercial Space Technologies Ltd.
6. ISRO
7. NASA
8. Antrix Corporation Limited
9. COSMOS International
10. Sea Launch
11. Boeing
12. Orbital Sciences Corporation
13. SpaceX
14. Eurockot Launch Services
15. Mitsubishi Heavy Industries Launch Services

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North America size is predicted 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.

LEO is likely to exhibit over 3% CAGR in the commercial satellite launch service market from 2018 to 2024. This growth can be credited to low initial launch cost as compared to other orbits, less time to deploy and compact size commercial satellite. LEOs are a positive step towards providing connectivity to 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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Airbus S.A.S., Arianespace S.A., Axelspace Corporation, Boeing, Lockheed Martin Corporation, Orbital ATK, Space Exploration Technologies are few industry participants in commercial satellite launch service market. Joint ventures and partnerships are among the prominent strategies implemented by the competitors to enhance their industry share. For instance, in 2018, United Launch Alliance acquired Atlas 5 division of Lockheed Martin for reducing launch prices and improving business efficiencies.

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