Press release
What’s driving the satellite launch vehicle market trends?| Key Players are ARCA Space, Blue Origin, Bristol Spaceplanes, E Prime Aerospace, Eurockot, ISRO, Kelly Space & Technology, Lockheed Martin
satellite launch vehicle market
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3. SLV 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. Manufacturers
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.4. Pricing analysis
3.4.1. By region
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Rest of World
3.4.2. Cost structure analysis
3.5. Technology landscape
3.6. Existing and proposed launch sites
3.7. Global space economy
3.7.1. Satellite industry
3.7.2. Non-satellite industry
3.8. Regulatory landscape
3.8.1. North America
3.8.2. Europe
3.8.3. Asia Pacific
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Indeed close to 34 launch missions in the GEO orbits were recorded in 2017 due to their precise applications in observational data analysis and national security monitoring. The growing demand for geosynchronous satellites on account of their benefits will robustly impel the GEO orbit based satellite launch vehicle market share in the years ahead.
Some of the major satellite launch vehicle market participants include ARCA Space, Blue Origin, Boeing Space and Communications, Bristol Spaceplanes, E Prime Aerospace, Eurockot, Indian Space Research Organisation (ISRO), Kelly Space & Technology, Lockheed Martin, Mitsubishi Heavy Industries, Northrop Grumman Corporation, Scaled Composites LLC, SpaceX, and Virgin Galactic.
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In June, the European Commission had disclosed its plan to spend nearly USD 18.6 billion from the year 2021 to 2027 for expanding the regions space capabilities, with the funds being allocated to a satellite navigations systems program, earth observation program and to develop associated security components. The EU aims to develop these systems to help its industries get at the forefront of various technology sectors like the IoT and automated driving, securing a prolific future for the satellite launch vehicle market.
Telecom giants utilize satellite networks to transmit digital services such as television channels or even high-speed internet facilities, while the rapid propagation of smartphones with GPS function has escalated the need for appropriately positioned GEO satellites or satellite constellations for ensuring the delivery of navigation services. The increased requirement of communication or navigation satellites will propel the satellite launch vehicle market valuation from the commercial segment. The growing demand for connectivity and smart technology in vehicles has also augmented the adoption of navigation systems based on satellite GPS.
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