Commercial Satellite Launch Service Market Analysis

Market Insights

"The global commercial satellite launch service market size 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."

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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

Market Drivers

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.

Segments Analysis

Orbit Trends

"The LEO segment accounted for the largest market share."

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. 

Size Trends

"The medium-size segment accounted for the largest market share."

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 Insights

"North America accounted for the largest market share."

North America is estimated to be the leading region in the market during the forecast period. 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. 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.

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Key Players

The following are the key players in the commercial satellite launch service market (arranged alphabetically).

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

Note: The above list does not necessarily include all the top players in the market.

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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.

What Deliverables Will You Get in this Report?

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s commercial satellite launch service market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

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 1000 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 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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)

Competitive Benchmarking

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

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