Commercial Satellite Launch Service Market Report 2024: Commercial Space Technologies Ltd., ISRO, NASA, Antrix Corporation Limited, COSMOS International, Sea Launch, Boeing, Orbital Sciences Corporation, SpaceX, Eurockot Launch Services

Commercial satellite launch service market is anticipated to register a CAGR of 2.5% over 2018-2024. 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.

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 industry share. An instance justifying the aforementioned is that of the American private space research company SpaceX, that launched five commercial communication satellites from California.

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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.

China has indeed, been attempting to remain at the forefront as far as satellite launches are considered. Recently, APT Satellite Holdings collaborated with China Great Wall Industry Corporation and arranged for spacecraft & launch services in the nation. As early as April 2018, China successfully sent five small remote sensing satellites through a solid-propellant rocket into orbit, while in June 2018, the country announced to have planned to launch a couple of remote sensing satellites for Pakistan. China’s efforts to enhance Pakistan’s space capability and ensure that it emerges self-reliant with regards to remote sensing satellites for multi-spectral imaging is likely to fuel the regional commercial satellite launch service market outlook.

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.

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Some Point from Table of Contents:
Chapter 4. Commercial satellite launch service Market, By Orbit
4.1. Global commercial satellite launch service industry share by orbit, 2017 & 2024
4.2. LEO
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3. MEO
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
4.4. GEO
4.4.1. Market estimates and forecast, 2013-2024
4.4.2. Market estimates and forecast, by region, 2013-2024
4.5. HEO
4.5.1. Market estimates and forecast, 2013-2024
4.5.2. Market estimates and forecast, by region, 2013-2024

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