USD 26.16 Billion Space Launch Services Market Expected Growth by 2027 | Rising Demand in Europe, United States and APAC to Boost Growth, says Fortune Business Insights™
Companies covered in the space launch services market are 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.), and more players profiled
Pune, India, Nov. 02, 2021 (GLOBE NEWSWIRE) -- According to Fortune Business Insights™, 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. The market was worth USD 12.67 billion and will exhibit a CAGR of 13.35% during the forecast period, 2020-2027.
Space launch services are a series of activities associated with space satellites that include seamless integration of all components and services to ensure a smooth launch phase. The massive investments in these programs are consequential to the rising space research activities across the world. The increasing use of technologically advanced concepts in these programs has been hugely beneficial not just for large-scale companies, but also for startups looking to fit-in in an otherwise competitive space. The rising government budget allocations for space programs will create a massive growth platform for the companies operating in the market. The integration of concepts such as artificial intelligence and 3D modeling for satellite designs will aid the growth of the market in the coming years.
Get a Sample PDF Brochure:
Increasing Number of Company Collaborations will Emerge in Favor of Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting for the increasing space research activities across the world, there has been an increase in the demand for space launch services in the past few years. The increasing demand for these services has resulted in strong market competition. It is observed that large-scale companies are looking to collaborate with other businesses with the aim of acquiring a wider consumer base. In August 2020, Ariane Group SAS announced that it has signed a contract with Northop Grumman and Maxar Technologies for the launch of a new space satellite. The companies will work on launching Flight VA253 through the Ariane 5 launcher. An increasing number of such company collaborations will have a huge impact on the growth of the overall market in the forthcoming years.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/space-launch-services-market-101931
The
Asia Pacific to Emerge Dominant; Increasing Space Research Activities will Contribute to Market Growth
The report analyzes the ongoing market trends across North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The increasing space research programs and rising number of space satellites that have been launched by companies based in this region will have a direct impact on the growth of the regional market. The presence of several large scale companies in this sector will have a huge impact on the growth of the regional market. The market in North America will also derive growth from the presence of numerous large scale space organizations, especially in the United States. As of 2019, the market in North America was worth USD 4.88 billion and this value is projected to rise at a considerable
List of Companies Profiled in the Global Market are:
- 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.)
Key Industry Developments:
July 2020, China Great Wall Industry Corporation announced the launch of APSTAR-6D Communications Satellite by using LM-3B launch vehicle. APSTAR-6D is the 12th communications satellite to be in-orbit delivered by China Great Wall Industry Corporation (CGWIC).
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/industry-reports/space-launch-services-market-101931
Detailed Table of Content:
-
Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
-
Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
-
Key Insights
- Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
-
Global Space Launch Services Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
-
Market Analysis, Insights and Forecast – By Payload
- Satellite
- Stratollite
- Cargo
- Human Spacecraft
- Testing Probes
-
Market Analysis, Insights and Forecast – By Orbit Type
- LEO
- GEO
- Beyond GEO
- MEO
-
Market Analysis, Insights and Forecast – By Launch Platform
- Land
- Air
- Sea
-
Market Analysis, Insights and Forecast – By Vehicle Type
- Medium-to-heavy Lift Launch Vehicle
- Small Lift Launch Services
-
Market Analysis, Insights and Forecast – By End Use
- Commercial
- Military and Government
-
Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
TOC Continued…!
Get your Customized Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/space-launch-services-market-101931
Have a Look at Related Research Insights:
SATCOM Market Size, Share & Industry Analysis, By Component (Receiver, Transmitter/Transponder, Transceiver, Antenna, Modem/Router), By Technology (Very Small Aperture Terminal (VSAT), SATCOM-On-The-Move (SOTM), SATCOM-On-The-Pause (SOTP), SATCOM Telemetry), By Platform (Commercial and Government & Defense), By End-Use (Portable equipment, Land equipment, Maritime equipment), and Regional Forecast, 2019-2026
Small Satellite Market Size, Share & COVID-19 Impact Analysis, By Type (Mini, Micro, Nano), Component (Structures, Payload, Electric Power System, Solar Panel and Antennas System, Propulsion System, Others), Application (Communication, Navigation, Earth Observation, Technology Development, Others), End-User (Commercial, Civil, Military, Government), and Regional Forecast, 2020-2027
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Read Press Release:
https://www.fortunebusinessinsights.com/press-release/space-launch-services-market-9493
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
