Commercial Satellite Launch Service Market Analysis & Forecast

Market Insights

The commercial satellite launch service market is expected to grow from USD 7.21 billion in 2021 to reach USD 11.88 billion by 2028 at an impressive CAGR of 7.32% during the forecast period.

Wish to get a free sample? Click Here.

What is a satellite launch service?

Satellite launch service refers to the process of sending satellites into space by launching them from the Earth's surface into orbit. It involves the use of launch vehicles or rockets, which provide the necessary thrust to lift the satellite off the ground and accelerate it to orbital velocity.

A satellite is an object in space that orbits around a planet, moon, or another celestial body. Satellites can be natural, such as the Moon orbiting around the Earth, or artificial, such as those designed and launched by humans.

Market Dynamics

These factors are expected to boost the demand for the market in the coming year:

• Major factors such as increasing demand for commercial satellites for applications such as the internet and GPS.
• Investments from a large number of vendors, technology advancements, and a surge in the number of satellites, television, broadband, and radio subscribers.

Want to closer look at this report, Get a Free Sample.

Key Players

Some of the key players in the market are-

• Antrix Corporation Limited
• Ariane Group
• Boeing
• Commercial Space Technologies Ltd.
• COSMOS International
• Eurockot Launch Services GmbH
• GK Launch Services
• ISRO
• Lockheed Martin Corporation
• NASA

Segments Analysis

By Orbit Type

The market is segmented as LEO, MEO, GEO, and HEO. LEO is expected to witness a significant growth rate in the market during the assessment period owing to low initial cost, less deployment time, and providing connectivity to remote areas. 

By Size Type

The market is segmented as large, medium, small, and micro. The medium-size segment is anticipated to register a high growth rate in the market owing to its attributes such as government initiatives, low-cost launchers, and technological development.

Regional Analysis

North America is estimated to be the leading region in the market owing to the factor that the region is home to large space agencies such as NASA and SpaceX. These companies are the growth engines of the region contributing to the growing demand for commercial satellite launch service products during the assessment period.

To know which region offers the best growth opportunities, Register Here.

In addition, commercial investment and government initiatives promoting space research activities are further expected to fuel the market growth over the assessment period. Asia-Pacific and Europe are also expected to offer substantial growth opportunities during the assessment period.

Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The commercial satellite launch service market is segmented into the following categories.

By orbit type:

• LEO
• MEO
• GEO
• HEO

By size type:

• Large
• Medium
• Small
• Micro

By application type:

• Navigation
• Communication
• Reconnaissance
• Weather Forecasting
• Remote Sensing

By region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle, and supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces, and SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Segmentation

• Current market segmentation by any one of the size types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.