2019 Commercial Satellite Launch Service Market: NASA, Boeing, SpaceX, Orbital ATK, Airbus, Lockheed Martin

Commercial Satellite Launch Service Market is estimated to exhibit over 2.5% CAGR with USD 7 billion by 2024.

SpaceX is yet another commercial satellite launch service market major in the line that has fired one of the largest commercial communication satellites into the orbit to provide GPS, internet, data, and other communication services to the emerging economies across the Asia Pacific and MEA belts. SpaceX, earlier in the month of May had also launched five commercial communication satellites for a ride-share mission. These communication satellites are expected to provide global broadband services, reliable connection for the aviation, land-mobile, and Internet of Things with allegedly higher throughputs and faster speeds.

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Beyond small satellites, the micro segment of the commercial satellite launch service industry is also expected to gain significant momentum as the satellite industry continues to launch reliable & affordable vehicles. Reports in fact claim micro satellites to witness highest annual growth rate at 6% over 2018-2024. Analyzing these industry trends, it wouldn’t be wrong to quote that small & micro satellite segments are now developing as lucrative investment grounds for potential stakeholders of this vertical.

Powered by the shifting trends toward improved communication networks, commercial satellite launch service market is likely to gain substantial traction in the ensuing years. As the demand for navigation facilities to detect destinations across the globe has been escalating, many private technology companies and regional governments have involved themselves in the development of diverse spacecraft, boosting commercial satellite launch service industry share. An instance justifying the aforementioned is that of the American private space research company SpaceX, that launched five commercial communication satellites from California. The increasing investments in missions conducted for unveiling climatic behavioral changes will quite overtly have a favorable impact on commercial satellite launch service industry share.

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 was worth more than USD 2 billion in 2017 and is anticipated to dominate the commercial satellite launch service market share. This can be credited to robust infrastructure available in the region for developing new space programs by organizations such as NASA and SpaceX. Increasing number of navigation and communication satellites for locating destinations and data usage is significantly contributing towards regional growth of the commercial satellite launch service market.

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.

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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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