"Smart Market Solutions to Help Your Business Gain Edge over Competitors"

Commercial Space Payload Market Size, Share, and COVID-19 Impact Analysis, By Orbit (LEO, MEO, and GEO), By Type (Communication, Earth Observation, Navigation, and Others), By Payload (Upto 100 Kg, 100 Kg to 500 Kg, 500 Kg to 1,000 Kg, 1,000 kg to 2,000 kg, and Above 2,000 Kg), By End Users (Agriculture, Construction and Mining, Energy, Forestry, and Others), and Regional Forecast, 2024-2032.

Region :Global | Report ID: FBI108106 | Status : Ongoing



Commercial payload refers to the satellites or other space-based cargo that is sent to the Earth’s orbit and generates revenue. Commercial payload generates revenue for the operating firms, and mostly consists of small communications and remote sensing satellites in the orbit.

Key Market Insights:

Commercial space payload consists mostly of pocketqube satellites, cubesats, nanosats, and others that are to be used for the purpose of Earth observation and communication. Most of these satellites are operated by private firms, and that is where the revenue is generated from for launches. The space payload profitability is increasing with the introduction of new developments, such as reusable rockets. Many firms, such as Vast Space LLC, are also in the process of launching their own commercial space station, which will further expand the commercial payload market.

The market is driven by the increasing demand for small satellites for communication and Earth observation purposes. Satellite communication provides a better connectivity at a better price point, while Earth observation satellites are used by a many industries for their imagery and detection capabilities. Furthermore, the development in rocket technology also allows multiple satellites to be launched together, increasing efficiency and profitability of the operation.

Stringent government policies are a big restraint towards the development of the market. Private firms need to build their satellites in accordance with the satellites, which hampers the speed of advancement due to the different limitations of different countries.

Impact of COVID-19 on the Global Commercial Space Payload Market:

The COVID-19 pandemic forced the world into a lockdown for a major part of the year 2020. Nation-wide lockdowns were imposed by many countries, which led to a sharp decline in production and severe supply-chain disruptions. The commercial space payload sector also faced the effects of the pandemic. Several satellite launches were delayed or cancelled, leading to huge revenue losses for both the operators and the transporters. For instance, the launch of Argentinian satellite SAOCOM 1B aboard a Falcon 9 rocket, originally planned for March, was delayed till August. Travel restrictions reduced manufacturing of rockets and satellites, and also decelerated the ongoing development of the technology. Overall, the pandemic had a negative effect of the growth of the commercial space payload market.

The global commercial space payload market is segmented into four broad categories- by orbit, by type, by payload, and by end user. Based on the orbit, the market is trifurcated into LEO, MEO, and GEO. Based on the type of payload, the market is divided into communication, Earth observation, navigation, and others. Based on the payload, the market is divided into upto 100 Kg, 100 Kg to 500 Kg, 500 Kg –to 1,000 Kg, 1,000 kg to 2,000 kg, and above 2,000 Kg. Based on the end users, the market is divided into academic, agriculture, construction and mining, energy, forestry, and others. Based on the region, the market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Key Insights:

The report will describe the following key insights:

  • The report analyzes a detailed industry overview, including qualitative and quantitative information.

  • The report analyzes an overview and forecast of the global commercial space payload market based on various segments.

  • The report also analyzes comprehensive PEST analysis for all four regions, i.e. North America, Europe, Asia Pacific, Middle East & Africa, and Latin America after evaluating economic, social, political, and technological factors affecting the global commercial space payload market in these regions.

Regional Analysis:

To gain extensive insights into the market, Request for Customization

North America is the dominant contributor towards the growth of the market. The region has a big demand for commercial payload. The presence of big players such as SpaceX and Blue Origin LLC bolsters the hold of the region on the market. Many firms in the region such as Axiom Space and Northrop Grumman Corporation are constructing their own commercialized space stations, which will further aid market growth.

Asia Pacific is projected to witness major market growth in the upcoming years. Nations such as India, China, Japan, and South Korea are beginning to invest more into the space sector. This in turn is favoring private players to enter the market and boost the research of the technology in the region. The growing demand for communications and remote sensing is also favoring market growth.

Key Players Covered:

Some of the key players in the global commercial space payload market include SpaceX, Blue Origin LLC, Lockheed Martin Corporation, Planet Labs PBC, Airbus, Blacksky Technology Inc., Thales Alenia Space, Boeing, Oneweb.Net, and Capella Space, and others.


By  Orbit

By Type

By Payload

By End Users

By Region

  • LEO

  • MEO

  • GEO

  • Communication

  • Earth Observation

  • Navigation

  • Others

  • Upto 100 Kg

  • 100 Kg to 500 Kg

  • 500 Kg to 1,000 Kg

  • 1000 kg to 2000kg

  • Above 2,000 Kg

  • Agriculture

  • Construction and Mining

  • Energy

  • Forestry

  • Others

  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Russia, and Rest of Europe)

  • Asia Pacific (India, China, Japan, South Korea, and Rest of Asia Pacific)

  • Middle-East and Africa (Saudi Arabia, U.A.E., South Africa, and the Rest of Middle East & Africa)

  • Latin America (Brazil, Argentina and Rest of Latin America)

Key Industry Developments:

  • In May 2023, Momentus Inc. announced that the firm had signed a contract with Hello Space to carry a hosted payload of demo deployer carrying four pocketqube satellites on the Vigoride 7 mission. Momentus Inc. is a commercial space company that offers orbital transportation and in-space infrastructure services, while Hello Space is an internet of things (IoT) through satellite tech- company.

  • In March 2023, Firefly Aerospace Inc., an end-to-end space transportation company, was awarded a contract worth USD 112 Million by National Aeronautics and Space Administration (NASA) for the delivery of a satellite into the lunar orbit and two research payloads on the far side of the moon.

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Aerospace & Defense Clients


Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.