Press release
Boeing,Orbital ATK Profiled in Commercial Satellite Launch Service Market Report 2024 - NASA, ISRO, Axelspace Corporation, Mitsubishi Heavy Industries Launch Services, Eurockot Launch Services, SpaceX, Sea Launch, COSMOS International & More
Commercial Satellite Launch Service
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.
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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.
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 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.
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 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.
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
More Details on this Report At: https://www.marketstudyreport.com/reports/commercial-satellite-launch-service-market
Related Reports: -
United States Satellite Launch Industry Market Report 2017
In this report, the United States Satellite Launch Industry market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
https://www.marketstudyreport.com/reports/united-states-satellite-launch-industry-market-report-2017/?utm_source=RR-PSR
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