What’s driving the Commercial Satellite Launch Service Market Growth? | Key Players are Airbus S.A.S., Arianespace S.A., Axelspace, Boeing, Lockheed Martin, Orbital ATK, Space Exploration Technologies

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 market 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 market share.

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The increasing connectivity between various countries has led to a surging demand for an improved communication network across the globe. In this regard, recently, a Hong Kong-based operator launched a satellite from Southwest China to increase connectivity with other countries across the Asia Pacific. Titled Apstar 6C, the satellite is deemed to be useful for maintaining in-flight connectivity,

DTH television broadcasts, video distribution services, and cellular backhaul capacity across Southeast Asia, Mongolia, and China. Having been propelled in a geostationary orbit over 22,000 miles over the equator, Apstar 6C is indicative of the fact that satellite launches in the geostationary equatorial orbits will hold commendable precedence with time. As per estimates, GEO commercial satellite launch service market size will cross USD 2 billion by the end of 2024.

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Most of the Chinese companies are increasingly working on remote sensing satellites, owing to its numerous benefits for various practical applications. Remote sensing satellites are prominently useful for disaster management, forestry, agriculture, water management, urban planning, and weather forecast. As the Chinese aerospace and technology companies continue to brainstorm new ideas about the deployment of satellites for practical purposes, the regional commercial satellite launch service market share is likely to witness an incline.

Many spacecraft companies have been making heavy investments to develop next-generation satellites by 2020. In addition, many governments are implementing several product innovation strategies to encourage satellite manufacturers to get involved in novel product development. Validating the aforementioned fact, the U.S. government recently deployed a policy to reduce the cost and stimulate innovations that would impact the future of commercial satellite launch service market.

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3. Commercial Satellite Launch Service Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Component Suppliers
3.3.2. Service providers
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.4. Pricing analysis
3.4.1. By region
3.4.1.1. NA
3.4.1.2. Europe
3.4.1.3. APAC
3.4.1.4. ROW
3.4.2. Cost structure analysis
3.5. Technology landscape

For the record, in 2015, the global spending on space activity reached USD 323 billion, out of which about 37% was held by commercial infrastructure companies and 40% was held by commercial space products and services. Moreover, the U.S. government alone accounted for 14% of the worldwide spending on space research and satellite manufacturing, making the United States a viable growth ground for commercial satellite launch service market.

Several companies across the private sector have been developing novel spacecraft for commercial purposes, aided by a supportive governmental framework. The U.S. Federal Aviation Administration (FAA) for instance, recommends changes in the policies, regulations, plans, procedures, treaties, and federal statutes and approves commercial satellite launches in the United States. It also ensures the expansion of the required infrastructure and promotes commercial spacecraft launches by the private sector.

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