Space Launch Services Market Size, Industry Analysis Report by Payload(Satellite, Stratollite, Cargo, Human Spacecraft, Testing Probes), Orbit Type(GEO, Beyond GEO, LEO, MEO), Launch Platform(Land, Air, Sea), Vehicle Type(Medium-to-heavy Lift Launch Vehicle, Small Lift Launch Vehicle), End User(Commercial, Military & Government) & Region – Forecasts 2022-2030
Space launch services are used to launch rockets that transfer satellites from land to Earth’s orbit in order to explore the universe. The services are a set of events that include payload integration, launch infrastructure, launch assembly, ordering, conversion, and so on. In 2018, the launch services business was valued at around USD 5.5 billion in the global space economy. The services include ordering, converting, and building carrier rockets. The services are also in charge of assembly and stacking, payload integration, and eventually directing the launch of the space rocket.
Some of these services can be performed by businesses or even outsourced. For example, United Launch Alliance has partnered with Alliant Techsystems to build GEM solid rocket motors for Delta II and Delta IV medium version rockets. Both Delta II and Delta IV vehicles are retired. Space launch services do not always require the development of new rockets.
During the anticipated period of 2022 to 2030, the Global Space Launch Services Market is expected to develop at a CAGR of 15.7%. According to market analysts, the worldwide space launch services market would expand significantly by 2030. The Global Space Launch Services Market was valued at USD 9.9 billion in 2019 and is expected to see significant growth to reach USD 49.14 billion by 2030.
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Market Segmentation:
The global space launch services market can be segmented based on various factors such as payload weight, end-user, launch platform, and geography.
Payload weight:
The payload weight can be classified into small, medium, and heavy payload launch services.
End-user:
The end-users in the space launch services market can be segmented into government and commercial entities.
Launch platform:
The launch platform can be segmented into land, sea, and air launch services.
Geography:
The space launch services market can be segmented geographically into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Association of various space organization with a focus of developing advanced space technologies is driving the market.
Collaboration of different space agencies with an aim to develop new progressive space vehicles is driving the market. For instance, in February 2021, Indian Space Research Organization (ISRO), launched Polar Satellite Launch Vehicle (PSLV) embedded with Brazil’s earth observation satellite, Amazonia-1, and 18 other satellites that belong to US. Such collaborations are expected to influence the market in the forecasted period
Regional Analysis:
The renowned players are making profit from the initial setup and production. They are also funding the development and trying to bring in gen-next technology to produce technically sound products in market.
Some of the reputed companies are Airbus S.A.S, Antrix Corporation Limited, China Aerospace Science and Technology Corporation, Lockheed Martin Corporation, Mitsubishi Heavy Industries (Mhi), Northrop Grumman Corporation, Rocket Lab Usa, Safran Sa, Space Exploration Technologies Corp. (Spacex), Starsem, State Space Corporation Roscosmos, S7 Space, The Boeing Corporation.
Key Points:
Define, describe and forecast Potentiometers product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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