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Commercial Satellite Launch Service Market 2024 with Leading Companies – (SpaceX, Boeing, Lockheed Martin, Airbus, Orbital ATK, NASA)

Commercial Satellite Launch Service Market 2024 with Leading

Commercial Satellite Launch Service Market size is estimated to surpass USD 7 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing usage of communication data-based services and GPS systems is driving the commercial satellite launch service market size over the forecast period. These services are adopted by various sectors such as Automotive, Electronics, Military, IT, among others. Increasing number of vehicles integrated with built-in navigation units will contribute majorly for launching additional satellites. Additionally, Oil & Gas companies across the globe uses vehicle tracking systems for their official vehicles and tankers to locate their vehicles and maintain transparency.

Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/2600

Commercial Satellite Launch Service Market by Application

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

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.

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

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/2600

The European Space Agency (ESA) is exploring alternatives to introduce micro launchers for various applications such as education, technology demonstration, telecoms, and earth observation. With this ESA aims to target companies with small satellites focusing on various mobile applications. However, the prohibitive cost of commercial satellite launch services is hindering the industry growth. Moreover, the lack of proper commercial satellite launch facilities, quality control, launch problems, supply chain issues may negatively impact the industry size. However, with the growing demand for satellites, prices are expected to decline, resulting in strengthening of the commercial satellite launch service market size.

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 segment of the commercial satellite launch service market share is expected to pose a CAGR of more than 6% over the forecast period. This growth can be attributed to the continuous developments improving reliability and affordability of the launch vehicles.

Reconnaissance commercial satellite launch service market size is expected to hold around 36% of the revenue share by 2024. Introduction of new farming techniques such as precision farming, utilizing the satellite imagery for improving farming will play a key role for the industry growth. Geographical Information System (GIS) tools and online web resources with the help of UAVs for farmers are spurring the segment growth.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/commercial-satellite-launch-service-market

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.

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.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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