openPR Logo
Press release

Commercial Satellite Launch Service Market Information and Industry Trends to 2024 (SpaceX, Boeing, Lockheed Martin, Airbus, Orbital ATK, NASA)

03-12-2020 11:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights, Inc.

/ PR Agency: Commercial Satellite Launch Service Market
Commercial Satellite Launch Service Market

Commercial Satellite Launch Service Market

Commercial satellite launch service market is likely to be driven by proliferation of GPS and other communication-based facilities requiring satellite launches. Increasing demand for navigation systems in automobiles, electronics, and IT will further boost industry growth. Commercial satellites have key implications in the oil & gas industry. Companies operating in the sector are liable to trace fuel tankers & vehicles for monitoring the onshore facilities, which requires well established communication network, that satellites can easily fulfill.

Commercial use of space includes satellite navigation, satellite television & commercial satellite imagery. Operators providing these services contract the manufacturing of satellites and their launch to public firms.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2600

While the overall number of satellite launches has grown globally, commercial opportunities are becoming more competitive. In such a competitive field, manufacturers are ready to take up orders to deploy new small satellite constellations into Low Earth Orbit (LEO), for telecommunication purposes. With a diverse applications range, demand for commercial satellite launch service is expected to gain traction over 2018-2024.

The Major Key Players in the Commercial Satellite Launch Service Market are as follows:
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

Manufacturers across the commercial satellite launch services industry are investing in R&D activities to develop cheap, flexible rocket systems, and cultivating business plans that offer an edge in a competitive scenario.

Also, increasing spending on R&D in developing countries, such as India, for cost reduction of satellite launches has also changed the business landscape. For instance, ISRO launched 31 satellites in 2018, and is planning to launch around 3000 such satellites in next ten years.

Moreover, expansion of satellite manufacturing facilities will increase production and favor commercial satellite launch service market growth. For instance, in 2017, Airbus allocated a sum of USD 17 billion to a factory as an annual investment to manufacture One-Web SATs.

Proliferation of smart appliances, such as smart televisions, smart watches, web streaming gadgets is boosting commercial satellite launch service industry. Availability of easy finance options is prompting masses to buy more smart appliances and gadgets. Also,growing popularity of web-based applications, such as Google search, AccuWeather, Facebook, and Instagram along with an upsurge in sales of smart phones will also supplement commercial satellite launch service market share over the coming years.

The industry is deriving significant growth from the rapid expansion of internet using consumer base. As per estimates, the number of online users reached around 25 million in 2017. Growing demand for telecommunication services is providing impetus to Low Earth Orbit (LEO) commercial satellite launch service industry. As per estimates, LEO commercial satellite launch service market will register a growth rate of 3.2% during the forecast period. LEO satellites need lesser deployment time and low launching cost in comparison to satellites launched in other orbits. This may further boost product adoption. Furthermore, the introduction of smart classes in education industry is likely to propel the requirement for internet Services, thereby supporting commercial satellite launch service market expansion.

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

Availability of robust infrastructure and presence of various space organizations, including NASA and SpaceX in North America will offer lucrative regional growth prospects for the industry. Growing demand for in-built navigation systems in vehicles, mobile phones, and other electronic gadgets to locate destinations is likely to contribute significantly to the regional revenue generation. North America commercial satellite launch service market is forecast to generate a revenue of over USD 2.5 billion by 2024.

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

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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Commercial Satellite Launch Service Market Information and Industry Trends to 2024 (SpaceX, Boeing, Lockheed Martin, Airbus, Orbital ATK, NASA) here

News-ID: 1964206 • Views: 202

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases


More Releases for Launch

BrandNest World Launch
In the world we face today, with so many potentialities waiting to break us down at any moment, can we really afford to not be covered? On every level? We don’t mean the kind of cover your financial insurance company sells you, we mean social cover. Whether your brand has a social media presence or not, your consumers do. Should influencers be used in times of brand crisis? We say YES! We
Launch Of ARTEEBEE Inc.
Markham, Ontario [May 31, 2017] - ARTEEBEE Inc., has now launched a new website http://www.arteebee.com the new evolutionary OpenRTB Exchange. The new exchange combines the most sophisticated automated data science and machine learning algorithm in RTB predictive marketing which let’s you understand your audiences better. The platform will provide tremendous value by intelligently connecting SSPs and DSPs, providing full control over their digital media buys. The proprietary RTB platform now supports
European launch at Viscom
The new wide-format laminator 65 Pro MD from Seal was subject to a lot of interest at Viscom 2012 Bückeburg, 20 November 2012 - After the global launch at the SGIA in Las Vegas, the Seal 65 Pro MD has now been shown to the European public on the fair stand of Welte GmbH at the Viscom trade fair in Frankfurt. The new wide-format laminator was completely redesigned
Launch of iMatter 2.0
New York, USA, July 7, 2010: Young environmental activists from around the world can now connect directly with each another with a new mobile phone application called iMatter. Uploading iMatter will enable users to create and join projects and participate in citizen science observations and communities, utilizing a breakthrough mobile phone networking technology from match2blue. The non-profit organization Kids vs. Global Warming is the creator of iMatter and will administer
Leaseguard Launch New Website
Leaseguard, Specialist Insurance Providers for the Buy-to-Let Industry, have launched their newly revamped website, leaseguard.co .uk. The website has been re-launched with a vibrant new look and new content to represent the Leaseguard Specialist Approach to Insurance and provide visitors to the site with up-to-date information about Leaseguard Products and Services. When looking for Specialist Buy-to-Let Insurance or Tenant Referencing the new site offers clear and simple information, easily navigated pages, and
Launch revolutionizes music experience
Lincoln, NE—Announcing a most exciting development for Christian fans and musicians who want to network. The 5000 Music Group is currently launching a major talent search for new Christian music artists while establishing a new virtual community. Started by Chris McConnell, The 5000 Music Group is a unique digital record label with a new approach to nurturing, marketing and selling young, raw Christian talent. Chris McConnell started out as a musician