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Satellite Launch Vehicle Market Development Trends, Competitive Landscape and Key Regions 2025
Satellite Launch Vehicle Market
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Satellite launch vehicle market size from commercial satellites will witness a CAGR of 3% over 2018-2024, owing to the increasing requirements of these satellites in end-use industries such as earth observation, mineral & energy exploration, electronics, military, and telecom. The surge in the number of launchers incorporated with built-in automated navigation systems that are highly beneficial in the event of communication failure will positively influence the satellite launch vehicle market share from commercial launch activities.
Geosynchronous satellites contributed to over 65% of the overall satellite vehicle market share in 2017. 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.
Prominent players in the satellite launch vehicle market include Boeing Space & Communication, E Prime Aerospace, Lockheed Martin, SpaceX, Virgin Galactic, ISRO, Mitsubishi Heavy Industries, ARCA Space, Kelly Space & Technology and Blue Origin. Joint ventures, partnerships and long-term agreements with Government and private organizations for launch and testing are the key strategies adopted by these players to strengthen their market presence.
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India and China are utilizing satellite launch services as a strategy to secure their geopolitical and economic interests. This will enhance the competitiveness and foster growth as their space organizations strive to establish collaborations and long-term agreements on future commercial and non-commercial launches. However, accommodating small payloads along with adequate launching solutions such as optimal price, launch calendar, orbital parameter and reliability for the commercial sector is a major challenge hindering satellite launch vehicle market growth.
Glimpse of Table of Content (ToC): -
Chapter 6. Satellite Launch Vehicle Market, By Launch Activity
6.1. SLV market share by launch activity, 2017 & 2024
6.2. Commercial
6.2.1. Market estimates and forecast, 2013-2024
6.2.2. Market estimates and forecast, by region, 2013-2024
6.3. Non-Commercial
6.3.1. Market estimates and forecast, 2013-2024
6.3.2. Market estimates and forecast, by region, 2013-2024
Chapter 7. Satellite Launch Vehicle Market, By Application
7.1. SLV market share by application, 2017 & 2024
7.2. Navigation
7.2.1. Market estimates and forecast, 2013-2024
7.2.2. Market estimates and forecast, by region, 2013-2024
7.3. Scientific
7.3.1. Market estimates and forecast, 2013-2024
7.3.2. Market estimates and forecast, by region, 2013-2024
7.4. Earth observation
7.4.1. Market estimates and forecast, 2013-2024
7.4.2. Market estimates and forecast, by region, 2013-2024
7.5. R&D
7.5.1. Market estimates and forecast, 2013-2024
7.5.2. Market estimates and forecast, by region, 2013-2024
7.6. Communication
7.6.1. Market estimates and forecast, 2013-2024
7.6.2. Market estimates and forecast, by region, 2013-2024
7.7. Meteorology
7.7.1. Market estimates and forecast, 2013-2024
7.7.2. Market estimates and forecast, by region, 2013-2024
7.8. Remote sensing
7.8.1. Market estimates and forecast, 2013-2024
7.8.2. Market estimates and forecast, by region, 2013-2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/satellite-launch-vehicle-slv-market
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