Commercial Satellite Launch Service Market Information, Industry Trends & Key Players - SpaceX, Boeing, Lockheed Martin, Airbus, Orbital ATK, NASA

Overall commercial satellite launch service market is undergoing a progressive overhaul across its value chain housing the low-weight & cost effective business model of small satellites. If estimates are to be believed, over 25 commercial small satellite operators are planning to launch constellations of 20 to 4,425 satellites down the line of 3 to 5 years. It is prudent to mention that in this regard, SpaceX has been standing tall, having planned to single handedly fire 12,000 small satellites for low earth orbit connectivity solutions.

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.

Request sample copy of this report @ https://www.decresearch.com/request-sample/detail/2600

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

The market for small satellites or the so called SmallSats has expanded rapidly in the past few years and is expected to account for 29% of the overall commercial satellite launch service industry revenue share in the coming seven years. The advancing technology trends that prioritize lightweight and microcomputer components have allowed the commercial satellite launch service market players to build much smaller and lightweight satellites ultimately leading to significant cost reductions. These factors have thus been playing a key role in making Smallsats appealing enough to be deployed across the commercial, government, and defense sectors.

Analysts deem that the increasing investments and expansion strategies in the communication sector will quite overtly have a powerful impact on the growth prospects of the global commercial satellite launch service market. With novel growth opportunities and further technology interventions poised to disrupt this space, commercial satellite launch service market is anticipated to surpass USD 7 billion by 2024.

As digital disruption strongly paves its way in the communication sector, commercial satellite launch service market players are looking for new ways to manage their business models. In this regard, many companies have been adopting satellite launches as a protuberant enabler. A classic example of the same is that of Spaceflight, which has recently announced to revolutionize the space business by delivering a new model for rideshare. The company plans to provide a straightforward & a cost effective suite of services including navigational and rideshare launch offerings.

Make an inquiry for buying this report @ https://www.decresearch.com/inquiry-before-buying/2600

Contact Us -
DecResearch.com
Website - httpswww.decresearch.com
Email info@decresearch.com

About DEC Research:
DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.

This release was published on openPR.