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Global Space Launch Services Market is projected to reach at a market value of US$ 47.6 Billion by 2030: Visiongain Research Inc

·7-min read

Visiongain has published a new report on Global Space Launch Services Market Report Forecast 2020-2030. Forecasts by Payload Type (Satellite, Human Spacecraft, Cargo Payload, Testing Probes, Stratollite Payload), End User Type (Government & Military Sector, Commercial Sector), Service Type (Pre-launch Service, Post-launch Service), Launch Vehicle Type (Small Launch Vehicle, Heavy Launch Vehicle). Plus, Profiles of Leading Space Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.

Download Exclusive Sample of Report @ https://www.visiongain.com/report/space-launch-services-market-2020/#download_sampe_div

Global space launch services market was valued at US$ 9.5 billion in 2019 and is projected to reach at a market value of US$47.6 billion by 2030. North America market is expected to grow at a CAGR of 15.1% during the forecast period 2020-2030. The market is estimated to grow at a CAGR of 14.8% in the first half period 2020-2025 and is projected to grow at CAGR of 15.4% in the other half period 2025-2030. The US is ahead of the global space launch services in terms of end user approaching the space research organizations for satellite payload launches. Many US companies, equipment suppliers are concentrated in North America which allows for low shipping costs and thus lower unit prices and ensures a high level of awareness.

Considering the pattern of industry in the space launch services market, Visiongain has studied the market based on Launch vehicle type based on small vehicle and heavy vehicle segments. Small vehicle segment remains the highest revenue generating segment in the launch vehicle category by growing at a CAGR of 15.4% during the forecast period to reach more than $26 billion by 2030. Companies have been developing technologies to provide small launch vehicle services to the space. In March 2020, SpaceX successfully launched an un-crewed Dragon spacecraft for NASA. The spacecraft was able to supply supplies toward the International Space Station (ISS) — and sticking another rocket landing.

Human spacecraft design and development demands extended human activities beyond low Earth orbit. This leads to a significant technology investment to enable humans to travel throughout the solar system, arriving and working effectively at specific extraterrestrial destinations, and return safely.

COVID-19 Impact on Space Launch Services Market

Covid-19 pandemic have had a huge impact on the global supply chain which has affected the global space launch services and satellite launching facilities. Considering the situation, space launch service providers, and space research organizations are looking to fast-track plans for agile processes and supply chains as they prepare for a volatile demand environment after the Covid-19 global pandemic. Supply chains work on schedules decided well in advance on the basis of demand projections. However, space service providers are now looking to redesign these systems to cater to an unpredictable demand environment.

Market Drivers

Growth in Government Spending in Space Exploration Activities

Government organizations globally have increased their expenditures to run different space programs in leading countries to explore space operations. Space economy has been extended to 36,000 kilometers from the surface of the Earth with the help of array of critical technologies which includes satellite communications, global positioning satellites, and imaging satellites. Space exploration attracts interest of an increasing number of governments, private sector; start-ups and large enterprises to exploit the commercial potential of exploration activities.

Increasing Small Satellite Deployment Increases Space Launch Service Demand

Small satellites are an emerging class of spacecraft, which incorporate recent components including software and hardware derived from the core IT and electronics industries to benefit from the resulting high capability feasible in small packages. Organizations, both including government and commercial are shift in their attention from traditional satellites systems to small satellites as they have shorter development cycles, smaller development teams, and require lower development and launch cost. These lower-cost satellites simultaneous deployment in large numbers enable distributed data collection, experimentation, which helps in new application developments such as communication, remote sensing, technology demonstration, and science and exploration. In addition, increasing demand for LEO-based services, such as space-based communication, imagery-based intelligence, and situational awareness (SA) further drives the adoption of cost-effective small satellite adoption thereby leading to increased demand for space launch services.

Market Opportunities

Untapped Developing Markets

The North American market offers numerous growth opportunities to key players providing space launch services in the government and commercial markets. The demand for small vehicles has increased in this region in the past with the uptick in heavy vehicles in near future. Therefore, space launch service providers have focused on expanding their portfolio towards space carriers to increase their service base and improve their outreach. By introducing new launch vehicles and providing space launch services right from contract signing, space launch service providers are succeeding to attract new customers and overcome challenges. Developing regions such as India, China and other APAC and LAMEA countries pose opportunities to establish their launch base and serve the rising demand for innovation in space launch.

Get Detailed TOC @ https://www.visiongain.com/report/space-launch-services-market-2020/#download_sampe_div

Competitive Landscape

Some of the companies profiled in the report include Starsem, Antrix Corporation, Arianespace, Eurockot, ILS, Orbital ATK, Lockheed Martin Corporation, ISC Kosmotras, ULA and Blue Origin. The companies have performed various strategic moves and initiatives to uptick in the overall market. For instance, in July 2020, Blue Origin delivered BE-4 rocket engine to ULA to be used in Vulcan Centaur rocket tests. The BE-4 uses liquid oxygen and liquefied natural gas propellants to generate 75,000 horsepower. In June 2020, Lockheed Martin partnered with Saudi Technology Development and Investment Company (TAQNIA) to develop and deploy new ground segment for the secure and commercial operations of commercial communications satellite, SaudiGeoSat-1 (SGS-1). The newly developed system will also be used to integrate current and future Air and Missile defense systems to add enhanced security.

Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence.

To access the data contained in this document please email contactus@visiongain.com

Information found nowhere else
with our newly report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain's study is for everybody needing commercial analyses for the space launch services market and leading companies. You will find data, trends and predictions.

Find more Visiongain research reports on Aviation Technologies; click on the following links:

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: catherine.walker@visiongain.com

About Visiongain

Visiongain is one of the fastest growing and most innovative, independent, market intelligence around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports cover a 10-year forecast, are hundreds of pages long, with in depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets, which currently can influence one another, these markets include automotive, aviation, chemicals, cyber, defense, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customized and syndicated market research reports means that you can have a bespoke piece of market intelligence customized to your very own business needs.

Contact:

Catherine Walker
PR at Visiongain Inc.
Tel: + 44 0207 336 6100
USA Tel: + 1 718 682 4567
EU Tel: + 353 1 695 0006
Toll Free: 00-1-646-396-5129
Email: catherine.walker@visiongain.com
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SOURCE Visiongain Limited.



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