Satellite Launch Vehicle Market: Outlook, Opportunity and Demand Analysis, Forecast 2021- 2024

Satellite Launch Vehicle Market: Outlook, Opportunity and Demand Analysis, Forecast 2021- 2024

The satellite launch vehicle market analysis document represents a detailed collection of prioritized market definitions, industry scope and reach, and pivotal industry insights. Information about the many pitfalls of the market as well as the frequent challenges encountered by core industry players have been summarized in the report. That apart, the document also endorses details about the numerous driving parameters impacting the revenue landscape of this vertical.

The satellite launch vehicle market is expected to witness significant growth, owing to the rising number of satellites launches for discovering advancement opportunities in fields like science, R&D, communication, and navigation. Increasing investment to uplift space exploration programs primarily in developed countries should escalate industry growth in the coming years.

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Geo orbit accounted for over US$1.3 billion of the overall satellite launch vehicle market revenue in 2017. Communication satellites present in the geo orbit (geostationary orbit) follow a specified path and distance from the earth without requiring reorientation after the launch. The rising occurrence of natural calamities and rapidly changing climate across the globe is escalating the demand for such satellites.

Geostationary sats play a critical role in homeland security, environmental data, and intensive observation data analysis. These satellites exhibit reliable transmission, affordable communication, and low maintenance cost as compared to others.

The satellite launch vehicle market share from the communication application segment was around 40% in 2017. The growing emphasis of telecommunication sector to increase data bandwidth and high-speed internet connectivity could escalate satellite launches for communication-based applications. Moreover, high adoption of wireless technology, IoT, and smart devices is anticipated to positively impact the business growth for SLV developers.

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Asia Pacific satellite launch vehicle market held over 37% share of the global market in 2017. The regional industry growth should be driven by the rising necessity to introduce space research programs and incorporate sophisticated communicative technologies in important fields such as science, military, and government services. For example, countries like India and China are leveraging various satellite launch services in a bid to secure their geopolitical and economic interests. Such initiatives are likely to enhance competitiveness in their space technologies and foster business growth in the region.

Leading companies making satellite launch vehicles worldwide are Blue Origin, SpaceX, Lockheed Martin, ISRO, Virgin Galactic, ARCA Space, Mitsubishi Heavy Industries, Kelly Space & Technology, E Prime Aerospace, and Boeing Space & Communication. These firms are focusing on partnerships, joint ventures, and long-term agreements with various government and private organizations for testing and launch of commercial satellites to consolidate their presence in the global market.

Major Key Points from Table of Content:

Chapter 5.    Satellite Launch Vehicle Market, By Number of Payloads

5.1. Market share by number of payloads, 2017 & 2024

5.2. Primary only

5.2.1.  Market estimates and forecast, 2013-2024

5.2.2.  Market estimates and forecast, by region, 2013-2024

5.3. 2 to 5

5.3.1.  Market estimates and forecast, 2013-2024

5.3.2.  Market estimates and forecast, by region, 2013-2024

5.4. 6 to 10

5.4.1.  Market estimates and forecast, 2013-2024

5.4.2.  Market estimates and forecast, by region, 2013-2024

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