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Space Launch Services Market Share to witness steady rise in coming decade | Antrix Corporation, Arianespace , Boeing
Space Launch Services Market
Read more about Space Launch Services Market here: https://www.globalinsightservices.com/reports/space-launch-services-market/
Space Launch Services (SLS) is a government-funded program that provides launch services for government and commercial payloads. The program is overseen by the National Aeronautics and Space Administration (NASA) and managed by the United Launch Alliance (ULA). SLS was created to provide a reliable and cost-effective means of launching payloads into low Earth orbit (LEO), geosynchronous orbit (GEO), and beyond.
Key Trends:
One of the key trends in Space Launch Services technology is the move toward reusable launch vehicles. This is being driven by the need to reduce the cost of launching payloads into orbit, as well as the environmental impact of launches.
Another key trend is the development of small satellites, which are often more cost-effective to launch than larger satellites. This is opening up new opportunities for companies and countries to access space.
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Key Drivers:
The main drivers of the space launch services market are the increasing demand for satellite launch services, the growing commercial space industry, and the expanding market for space tourism.
The demand for satellite launch services is growing due to the increasing number of satellites being launched for various applications such as communications, navigation, earth observation, and science.
Market Segments:
The space launch services market is segmented by payload, launch platform, end-user, and region. By payload, the market is classified into satellite, human spacecraft, cargo, and others. Based on the launch platform, it is bifurcated into land, air, and sea. On the basis of end-user, it is divided into government, military, and commercial. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players:
The global space launch services market includes players such as Antrix Corporation, Arianespace, Boeing, China Great Wall Industry Corporation, Space International Services, ILS International, Lockheed Martin, Mitsubishi Heavy Industries, Orbital ATK, Space Exploration Technologies, and others.
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