Press release
Carrier Rocket Market is Projected to Grow Expeditiously: to Reach USD 25.42 Billion by 2030, Report
Allied Market Research published a report, titled, "Carrier Rocket Market by Payload Type (Cargo, Satellite, and Others), Payload Carrying Capacity (Less than 4 tons, 4 tons to 8 tons, and Above 8 tons), Range (LEO, MEO, GEO, and Others) and End User (Government, and Commercial): Global Opportunity Analysis and Industry Forecast, 2021-2030." According to the report, the global carrier rocket industry generated $9.24 billion in 2020, and is estimated to garner $25.42 billion in 2030, witnessing a CAGR of 11.9% from 2021 to 2030.Drivers, restraints, and opportunities
Rise in demand for small satellites for earth observation services and surge in number of space expeditions drive the growth of the global carrier rocket market. However, high costs regarding the development and complexities associated with periodic maintenance of rockets hinder the market growth. On the other hand, increase in demand for reusable rockets and development of hybrid rocket fuel present new opportunities in the coming years.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ (292 ๐๐๐ ๐๐ฌ ๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐๐ก๐๐ซ๐ญ๐ฌ, ๐๐๐๐ฅ๐๐ฌ, ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ) ๐๐ญ https://www.alliedmarketresearch.com/request-sample/9466
The satellite segment to maintain its leadership status during the forecast period
Based on payload type, the satellite segment contributed to the largest share in 2020, accounting for around three-fourths of the global carrier rocket market, and is projected to maintain its leadership status during the forecast period. Moreover, this segment is estimated to witness the largest CAGR of 11.8% from 2021 to 2030. This is due to rise in adoption of advanced satellites by telecommunication organizations to implementing high-speed internet services worldwide. The report also discusses segments including cargo and others.
The government segment to continue its lead position during the forecast period
Based on end user, the government segment accounted for the highest share in 2020, holding more than around three-fifths of the global carrier rocket market, and is estimated to continue its lead position during the forecast period. This is due to increase in deployment for defense and monitoring services by government organizations. However, the commercial segment is expected to portray the highest CAGR of 12.4% from 2021 to 2030. This is attributed to surge in initiatives undertaken by commercial space organizations for deploying advanced space payloads and conducting space exploration missions.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐ก๐ ๐๐๐ญ๐? ๐๐๐ญ ๐๐ญ ๐๐จ๐ฐ ๐๐ญ https://www.alliedmarketresearch.com/carrier-rocket-market/purchase-options
North America to maintain its dominance in terms of revenue by 2030
Based on region, North America held the largest market share in 2020, contributing to more than one-third of the global carrier rocket market, and is expected to maintain its dominance in terms of revenue by 2030. This is due to the presence of leading rocket manufacturers in the region. However, Asia-Pacific is expected to witness the largest CAGR of 12.0% during the forecast period, owing to the booming space industry in the region.
Leading market players
Antrix Corporation Limited
Arianespace
Cubecab
IHI Corporation
Israel Aerospace Industries Ltd.
Lockheed Martin Corporation
Northrop Grumman Corporation
Mitsubishi Heavy Industries, Ltd.
Rocket Lab USA
SpaceX
๐๐๐๐๐๐๐-๐๐๐๐ ๐๐ ๐ ๐๐ (๐๐ข๐ฅ๐ฅ 30 ๐๐๐ 2025) - ๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/checkout-final/bc03a4ccaff8b32615b0c071c74bc12c
Key Findings Of The Study
By payload type, the satellite segment is expected to register a significant growth during the forecast period.
By payload carrying capacity, the above 8 tons segment is anticipated to exhibit significant growth in the near future.
By range, the LEO segment is anticipated to exhibit significant growth in the near future
By end user, the commercial segment is anticipated to exhibit significant growth in the near future
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐- https://www.prnewswire.com/news-releases/carrier-rocket-market-to-reach-25-42-billion-globally-by-2030-at-11-9-cagr-allied-market-research-301355698.html
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ ๐๐ง๐ ๐๐๐๐๐ง๐ฌ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
๐๐ข๐ซ๐๐ซ๐๐๐ญ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/aircraft-lighting-market-A06273
๐๐ข๐ซ๐๐ซ๐๐๐ญ ๐๐๐๐ข๐ง ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/aircraft-cabin-lighting-market
๐๐ข๐ซ๐๐ซ๐๐๐ญ ๐๐ข๐ง๐๐จ๐ฐ ๐ ๐ซ๐๐ฆ๐ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/aircraft-window-frame-market-A31492
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