Global Satellite Launch Vehicle Market Size was valued at nearly USD 2.0 billion by 2017 and is estimated to reach up to USD xx.xx billion by 2025. According to the latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 3.40% during the forecast period that is 2018-2025. The ongoing growth in satellite development around the world weather monitoring, communication, navigation, remote sensing, and military objective will majorly drive the satellite launch vehicle market growth during the projected period. Owing to the Satellite Industry Association (SIA), in 2015, the various orbital mission increased by around 40% over the past seven years. Almost 3,000 missions are expected to launch in the 2018-2025 timeframe, this positively boosts the satellite launch vehicle market size.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global satellite launch vehicle market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global satellite launch vehicle market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Number of Payloads Acumen: Based on the number of payloads, the segment is characterized by primary payloads, 2 to 5 and 6 to 10 payloads, among these the primary payload dominated the market share in 2017, due to its significant number of mission developed for specialized operations. In 2017, the segment was fastening at over USD 4 billion with at least 50 launches of orbital missions with the single payload. The increased of launches per year, in synchronization with the development of new launch sites to oblige the growing application requirements will fuel the industry growth. In December 2017, the Indian Space Research Organisation (ISRO) planned to launch a Combination of 28 Nano-Satellite countries including the US, Russia, China, and Finland.
By Orbit Acumen: Based on the orbit acumen, the segment is classified by GEO, MEO, LEO, and SSO. The GEO orbit held over 65% of satellite launch vehicle market share with almost 34 launches of orbital mission in geosynchronous orbits in 2017 due to their key applications in intensive observation data analysis, environmental and homeland security monitoring. The GEO orbits adopt low-cost communication, less maintenance, ideal for observing remote location, assigns reliable transmission and can easily share data among government utilizes. The LEO satellite launch vehicle market will witness steep growth through the requirement of efficient communication to aid the utilizers. Increasing penetration, of smartphones, smart devices and services will fuel the industry growth during the projected timeframe. In addition, evolution in a communication network to adopt better internet speed and connectivity in vehicles, infrastructure, and homes will provide a positive interpretation for satellite launch vehicle market share.
By Launch Activity Acumen: The launch activity is segmented by two means i.e. commercial and non-commercial. Commercial satellite launch vehicle market is expected to grow over 3% CAGR during forecast timeframe due to its increasing requirements in end-use industries that prominently includes mineral & energy exploration, earth observation, electronics, military, and information & telecommunication. Enlarging the number of launchers integrated with constructed in navigation units that aid automated operation in the event of loss of communication will propel the satellite launch vehicle industry growth. Increase in test flights by commercial service providers such as the International Launch Services (ILS), Russia will provide a stable growth platform for commercial satellite launch vehicle demand. Non-commercial satellite launch vehicle market will mark rapid growth with the hefty requirement for government, military, civil, research, and other such non-profit operations. Military agencies across various economies such as the U.S., India, China, and Russia have increased the number of space missions for conventional utilization such as intelligence gathering, navigations, and communications.
The global satellite launch vehicle market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America has dominated the satellite launch vehicle market in revenue and expected to maintain its dominance in upcoming years, by the highest CAGR over the forecasted timeframe. Owing to the increasing number of space programs from the international space agency National Aeronautics and Space Administration (NASA) to study outer space will further enhance industry growth.
Global Satellite Launch Vehicle Market Size, Share Analysis by Region 2017
Europe is expected to dominate the satellite launch vehicle market size in terms of share owing to the vital number of launches in France and Russia. By update in 2017, the region accounts for over 35% of industry revenue due to the presence of reliable facility providers for the worldwide commercial market. The European Space Agency has planned to develop the innovative vehicle in response to fast-changing commercial launch services.
Asia Pacific satellite launch vehicle market share will witness larger growth over the forecasted timeframe. The current geopolitical differences between China & India are combined to increase focus on interplanetary missions are anticipated to be among the prominent factors fuelling the regional space mission’s demands.
Global Satellite Launch Vehicle Market Study Objective
1. To forecast the market size of the satellite launch vehicle market, along with describing and defining the market, in terms of volume and revenue.
2. Market analysis and forecast of satellite launch vehicle market based region, substrate and application or end-use industry.
3. To analyse and elaborate significant factors that will have major impact on the growth of satellite launch vehicle market, such as drivers, restraints, challenges and opportunities.
4. The regional analysis of the satellite launch vehicle market, to urge the market size of five global major regions, which includes Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro markets in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the satellite launch vehicle market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
7. Analysis of market opportunities for stakeholders to provide a competitive landscape for the global market players.
8. To profile major market player and to analyse their market shares and essential competence comprehensively.
The major key players of satellite launch vehicle market include ARCA Space, Blue Origin, Boeing Space and Communications, Bristol Spaceplanes, E Prime Aerospace, Eurockot, Indian Space Research Organisation (ISRO), Kelly Space & Technology, Lockheed Martin, Mitsubishi Heavy Industries, Northrop Grumman Corporation, Scaled Composites LLC, SpaceX, and Virgin Galactic.
Global Satellite Launch Vehicle Market Study Report Offer You!
The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
Save Your Time
Wide Range of Reports
World Class Market Research
100% Customer Satisfaction
24/7 Customer care Support
Let's Talk Online