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Space Launch Services Market to Rise at 13.35% CAGR till 2027; Growing Investments in Integration of Technologically Advanced Concepts will Aid Growth

November 03, 2020 | Aerospace & Defense

The global space launch services market size is projected to reach USD 26.16 billion by the end of 2027. The massive investments in space research programs are consequential to increasing breakthrough concepts in the past few years. The presence of several large scale companies will contribute to market growth. According to a report published by Fortune Business Insights, titled “Space Launch Services Market Size, Share & COVID-19 Impact Analysis, By Payload (Satellite, Stratollite, Cargo, Human Spacecraft, and Testing Probes), By Orbit Type (GEO, Beyond GEO, LEO, and MEO), By Launch Platform (Land, Air, and Sea), By Vehicle Type (Medium-to-Heavy Lift Launch Vehicle and Small Lift Launch Vehicle), By End User (Commercial and Military & Government), and Regional Forecast, 2020-2027” the market was worth USD 12.67 billion and will exhibit a CAGR of 13.35% during the forecast period, 2020-2027.


Space launch programs are used to model and initiate space programs with the aim of seamless integration of the launch phase. These programs include integration of payload to rocket launches, infrastructure development, and launch assemblies. The massive investments in space launch services are consequential to the increasing s[ace activities across the world. The presence of several large scale companies across the world will emerge in favor of growth of the overall market in the coming years. The rising demand for space launch services can be attributable to the increasing application and awareness regarding space satellites by large scale organizations such as NASA and ISRO. The presence of several large scale companies will subsequently contribute to the growth of the market in the foreseeable future.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/space-launch-services-market-101931


China Great Wall Industry Introduces APSTAR 6D Communication Satellite


The report highlights a few of the major industry developments of recent times and discusses their impact on the growth of the overall market. The rising demand for space launch programs has encouraged companies to invest more in the research and development of efficient programs. The rising investments in product R&D have subsequently yielded exceptional products and a few of these have been highlighted in the report. In July 2020, China Great Wall Industry Corporation announced the launch of a new communication satellite through the integration of the LM-3B launch vehicle. The company introduced APSTAR-6D, the 12th satellite in the series of in-orbit products launched by the company. Increasing number of such product innovations will have a huge impact on the growth of the overall market in the coming years.


Increasing Use of Small Satellites will Aid Market Growth


The rising integration of advanced concepts such as AI and the internet of things has opened the doors for rapid market growth. The use of satellites for space research programs and the low cost of the product has emerged in favor of the companies operating in the market. The increasing integration of technologically advanced concepts in the design of small satellites will also contribute to the growth of the market in the coming years.


ArianeGroup SAS is Among the Leading Companies across the Globe


The report discusses a few of the leading companies across the globe and discusses their impact on the growth of the overall market. It discusses the strategies adopted by leading companies and how these companies are cooping with the barriers that have been witnessed in the past few years; most recent of which is the coronavirus outbreak. Ariane Group SAS is among the leading companies that have made itself heard across the globe through its range of innovative products.


List of the Key Companies Profiled:



  • Antrix Corporation Limited (India)

  • ArianeGroup SAS (France)

  • Lockheed Martin Corporation (The U.S.)

  • China Great Wall Industry Corporation (China)

  • United Launch Alliance (ULA) (The U.S.)

  • Space International Services (The U.S.)

  • Space Exploration Technologies Corp. (Space X) (The U.S.)

  • Mitsubishi Heavy Industries, LTD. (Japan)

  • Northrop Grumman Systems Corporation (The U.S.)

  • Eurockot Launch Service Provider (Germany)

  • Blue Origin Enterprises, L.P. (The U.S.)

  • Spaceflight Industries (The U.S.)


Industry Developments:



  • August 2020 –Ariane Group SAS has signed a contract with Northrop Grumman and Maxar Technologies to launch Flight VA253 through Ariane 5 launcher. The flight launch had scheduled for 15 August 2020.


The global space launch services market is segmented on the basis of:

















































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



Segmentation




 


 


 


 


 



By Payload



  • Satellite

  • Stratollite

  • Cargo

  • Human Spacecraft

  • Testing Probes



By Orbit Type



  • GEO

  • Beyond GEO

  • LEO

  • MEO



By Launch Platform



  • Land

  • Air

  • Sea



By Vehicle Type



  • Medium-to-Heavy Lift Launch Vehicle

  • Small Lift Launch Vehicle



By End-User 



  • Commercial

  • Military & Government



By Geography



  • North America (By Payload, By Orbit Type, By Launch Platform, By Vehicle Type, By End-User and By Country)



    • The U.S. (By Payload)

    • Canada (By Payload)




  • Europe (By Payload, By Orbit Type, By Launch Platform, By Vehicle Type, By End-User and By Country)



    • Germany (By Payload)

    • UK (By Payload)

    • France (By Payload)

    • Italy (By Payload)

    • Russia (By Payload)

    • Rest of Europe (By Payload)




  • Asia Pacific (By Payload, By Orbit Type, By Launch Platform, By Vehicle Type, By End-User and By Country)



    • China (By Payload)

    • India (By Payload)

    • Japan (By Payload)

    • Australia (By Payload)

    • Rest of Asia Pacific (By Payload)





  • Rest of the World (By Payload, By Orbit Type, By Launch Platform, By Vehicle Type, By End-User and By Country)

    • South America (By Payload)

    • The Middle East & Africa (By Payload)




Space Launch Services Market
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  • 2019
  • 2016-2018
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