Commercial Satellite Launch Service Market 2020 Global Industry Analysis, Growth Forecast & Emerging Trends To 2024

Owing to the recent surge in the interest in small satellites, the overall commercial satellite launch service market is undergoing a progressive overhaul across its value chain housing the low-weight & cost effective business model of small satellites. If estimates are to be believed, over 25 commercial small satellite operators are planning to launch constellations of 20 to 4,425 satellites down the line of 3 to 5 years. It is prudent to mention that in this regard, SpaceX has been standing tall, having planned to single handedly fire 12,000 small satellites for low earth orbit connectivity solutions. Reliable reports further estimate more than 11,000 small satellites to be launched by 2030, given the essential value proposition offered by these products to end-users.

Beyond small satellites, the micro segment of the commercial satellite launch service market is also expected to gain significant momentum as the satellite industry continues to launch reliable & affordable vehicles. Reports in fact claim micro satellites to witness highest annual growth rate at 6% over 2018-2024. Analyzing these industry trends, it wouldn’t be wrong to quote that small & micro satellite segments are now developing as lucrative investment grounds for potential stakeholders of this vertical.

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Powered by the shifting trends toward improved communication networks, commercial satellite launch service market is likely to gain substantial traction in the ensuing years. As the demand for navigation facilities to detect destinations across the globe has been escalating, many private technology companies and regional governments have involved themselves in the development of diverse spacecraft, boosting commercial satellite launch service industry share. An instance justifying the aforementioned is that of the American private space research company SpaceX, that launched five commercial communication satellites from California. The increasing investments in missions conducted for unveiling climatic behavioral changes will quite overtly have a favorable impact on commercial satellite launch service market share.

China has indeed, been attempting to remain at the forefront as far as satellite launches are considered. Recently, APT Satellite Holdings collaborated with China Great Wall Industry Corporation and arranged for spacecraft & launch services in the nation. As early as April 2018, China successfully sent five small remote sensing satellites through a solid-propellant rocket into orbit, while in June 2018, the country announced to have planned to launch a couple of remote sensing satellites for Pakistan. China’s efforts to enhance Pakistan’s space capability and ensure that it emerges self-reliant with regards to remote sensing satellites for multi-spectral imaging is likely to fuel the regional commercial satellite launch service industry outlook.

Most of the Chinese companies are increasingly working on remote sensing satellites, owing to its numerous benefits for various practical applications. Remote sensing satellites are prominently useful for disaster management, forestry, agriculture, water management, urban planning, and weather forecast. As the Chinese aerospace and technology companies continue to brainstorm new ideas about the deployment of satellites for practical purposes, the regional commercial satellite launch service market share is likely to witness an incline.

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The escalating need of digitization across the globe is expected to encourage companies to develop satellites for improving communication, weather broadcasting, television broadcasting, and more. Powered by technologically advanced industrial scenario and a strong regulatory framework, commercial satellite launch service industry is anticipated to register a CAGR of 2.5% over 2018-2024.

Table of Contents (ToC) of the report: 

Chapter 4.    Commercial satellite launch service Market, By Orbit

4.1. Global commercial satellite launch service market share by orbit, 2017 & 2024

4.2. LEO

4.2.1.  Market estimates and forecast, 2013-2024

4.2.2.  Market estimates and forecast, by region, 2013-2024

4.3. MEO

4.3.1.  Market estimates and forecast, 2013-2024

4.3.2.  Market estimates and forecast, by region, 2013-2024

4.4. GEO

4.4.1.  Market estimates and forecast, 2013-2024

4.4.2.  Market estimates and forecast, by region, 2013-2024

4.5. HEO

4.5.1.  Market estimates and forecast, 2013-2024

4.5.2.  Market estimates and forecast, by region, 2013-2024

Chapter 5.    Commercial satellite launch service Market, By Size

5.1. Global commercial satellite launch service market share by size, 2017 & 2024

5.2. Large

5.2.1.  Market estimates and forecast, 2013-2024

5.2.2.  Market estimates and forecast, by region, 2013-2024

5.3. Medium

5.3.1.  Market estimates and forecast, 2013-2024

5.3.2.  Market estimates and forecast, by region, 2013-2024

5.4. Small

5.4.1.  Market estimates and forecast, 2013-2024

5.4.2.  Market estimates and forecast, by region, 2013-2024

5.5. Micro

5.5.1.  Market estimates and forecast, 2013-2024

5.5.2.  Market estimates and forecast, by region, 2013-2024

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/commercial-satellite-launch-service-market

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