USD 10 Billion
Commercial Satellite Launch Service Market Size, Share, Growth Analysis, By Orbit(LEO, MEO), By Payload(Below 500 kg, Between 501kg to 2), By Application(Navigational, Communication) - Industry Forecast 2024-2031
Report ID:
SQMIG20A2234 |
Region:
Global |
Published Date: May, 1990
Pages:
202
|
Tables:
95 |
Figures:
76
Commercial Satellite Launch Service Market Insights
Global Commercial Satellite Launch Service Market size was valued at USD 10 Billion in 2022 and is poised to grow from USD 11.22 Billion in 2023 to USD 28.18 Billion by 2031, at a CAGR of 12.20% during the forecast period (2024-2031).
The current market for commercial satellite launch services is characterized by a growing demand for space-based applications across various industries, including telecommunications, Earth observation, and navigation. With advancements in technology and an increasing need for connectivity worldwide, satellite operators are seeking reliable launch solutions to deploy their payloads efficiently.
In response, the industry has seen a surge in competition, leading to innovative launch technologies and cost-effective solutions. Furthermore, partnerships and collaborations between established aerospace companies and emerging startups are shaping the market dynamics, with a focus on sustainable and reusable launch systems.
As space exploration and satellite deployment continue to gain momentum, the commercial satellite launch service sector is poised for further expansion and evolution.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
GEO
Fastest Growth
GEO
Growth Rate
12.20% CAGR
Global Commercial Satellite Launch Service Market ($ Bn)
Country Share for NORTH AMERICA Region (%)
Global Commercial Satellite Launch Service Market by Orbit ($ Bn)
Global Commercial Satellite Launch Service Market by Orbit (%)
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Commercial Satellite Launch Service Market Segmental Analysis
The global commercial satellite launch service market is segmented on the basis of orbit, payload, application, and region. Based on orbit the market is segmented as LEO, MEO, GEO, HEO. On the basis of payload the market is segmented as below 500 kg, between 501 kg to 2,500 kg, and above 2,500 kg. Based on application, it is segregated into navigational, communication, reconnaissance, weather forecasting, remote sensing. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Orbit
Geostationary Earth Orbit (GEO) is the dominating orbit for commercial satellite deployment. GEO satellites provide stable coverage and are commonly used for telecommunications and broadcasting due to their stationary position relative to the Earth's surface.
However, Low Earth Orbit (LEO) is experiencing the fastest growth in recent years. LEO constellations offer advantages such as low latency, high-speed internet access, and global coverage. The proliferation of LEO-based mega-constellations for broadband internet, along with advancements in small satellite technology, is driving this growth. These systems aim to democratize access to high-speed internet and expand services to underserved regions, making LEO a rapidly expanding and dynamic sector within the satellite industry.
Analysis by Application
Communication satellites continue to dominate the satellite market due to the ever-increasing global demand for connectivity and data transfer. They play a critical role in enabling telecommunications, internet access, and broadcasting services worldwide. With the rapid expansion of 5G networks, demand for high-speed data transmission and seamless communication is driving sustained growth in this segment.
Moreover, remote sensing is the fastest-growing satellite application primarily because of its diverse range of uses, from environmental monitoring to agriculture and disaster management. The advancement of satellite technology has made remote sensing more accessible and cost-effective, allowing for enhanced Earth observation capabilities. This growth is further propelled by increasing concerns about climate change, resource management, and disaster preparedness, which rely heavily on data provided by remote sensing satellites.
Global Commercial Satellite Launch Service Market by Orbit, 2022 (%)
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Commercial Satellite Launch Service Market Regional Insights
North America is presently the dominating vicinity inside the business satellite release offerings marketplace. It holds a giant proportion because of a well-mounted area enterprise, sturdy infrastructure, and an excessive number of satellite tv for pc launches. The presence of important launch service carriers like SpaceX and hooked up area groups like NASA contributes to its dominance.
However, the Asia Pacific is the fastest-developing location within the commercial satellite tv for pc release offerings market. This boom is commonly driven by means of increasing call for satellite tv for pc-primarily based packages, government investments in space programs, and the emergence of latest commercial area groups in countries like China and India. Asia Pacific's strategic consciousness on expanding its presence in area technology and exploration positions it as a key participant in the global marketplace's speedy increase.
Global Commercial Satellite Launch Service Market by Geography, 2024-2031
- Largest
- Fastest
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Commercial Satellite Launch Service Market Dynamics
Drivers
Increasing Demand for Satellite Internet Services
- One significant driver in the commercial satellite launch services market is the surging demand for satellite internet services, especially in underserved and remote areas. This trend is fueled by the need for reliable internet connectivity, driving satellite operators to launch more satellites into orbit. This, in turn, spurs demand for commercial launch services to deploy these satellites.
Restraints
Regulatory and Environmental Challenges
- Regulatory constraints and environmental concerns pose a restraint to the market. Stringent regulations surrounding space access, debris management, and launch safety can slow down the launch process and increase costs. Additionally, the environmental impact of rocket launches, such as carbon emissions and space debris, is receiving heightened scrutiny, leading to potential restrictions and increased sustainability requirements.
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Commercial Satellite Launch Service Market Competitive Landscape
The competitive landscape in the commercial satellite launch services sector is characterized by intense rivalry among several established companies and emerging players. These entities compete on various fronts, including pricing, technological innovation, and the ability to offer reliable and flexible launch solutions.
As demand for satellite deployment continues to rise, market participants are investing heavily in developing reusable launch systems, reducing launch costs, and increasing launch frequency to meet the growing needs of satellite operators.
Additionally, partnerships, collaborations, and contracts with governmental space agencies further shape the competitive dynamics, as companies seek to secure a larger share of the market and expand their global footprint. Amidst this competition, companies are also increasingly focusing on sustainability and environmental considerations to align with evolving industry standards and regulations.
Top Player’s Company Profiles
- Arianespace (France)
- GK Launch Service (Russia)
- Lockheed Martin Corporation (US)
- United Launch Alliance (ULA) (US)
- Indian Space Research Organization (ISRO) (India)
- SpaceX (US)
- Blue Origin (US)
- Roscosmos (Russia)
- Northrop Grumman Corporation (US)
- Boeing Space and Launch (US)
- Rocket Lab (New Zealand)
- Virgin Galactic (US)
- Mitsubishi Heavy Industries (Japan)
- China National Space Administration (CNSA) (China)
- Eurockot Launch Services (Germany)
- Firefly Aerospace (US)
- Sierra Nevada Corporation (SNC) (US)
- ExPace (China)
- OneSpace (China)
- Vector Launch Inc. (US)
Recent Developments
- In January 2023, SpaceX launched its first Falcon 9 rocket of the year, carrying a batch of 60 Starlink satellites into orbit. This was the 152nd launch of a Falcon 9 rocket.
- In February 2023 Rocket Lab launched its 30th Electron rocket, carrying a payload of 133 small satellites into orbit. This was the largest payload ever launched by a Rocket Lab Electron rocket.
- In March 2023, Virgin Orbit successfully completed its first commercial launch, carrying seven satellites into orbit. This was the first orbital launch from the United Kingdom.
- In April 2023, China Aerospace Science and Technology Corporation (CASC) launched its Long March 8 rocket, carrying 22 satellites into orbit. This was the third launch of the Long March 8 rocket.
- In May 2023, Arianespace launched its Ariane 5 rocket, carrying the James Webb Space Telescope into orbit. This was the 114th and final launch of the Ariane 5 rocket.
Commercial Satellite Launch Service Key Market Trends
- Growing Demand for Small Satellite Launch Services : With the miniaturization of satellite technology and a surge in applications such as Earth observation, IoT connectivity, and scientific research, there is a notable shift toward smaller, more cost-effective satellites. This trend has led to a rise in dedicated small satellite launch providers and innovative launch solutions tailored to the needs of small satellite operators, reshaping the industry landscape.
Commercial Satellite Launch Service Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to global commercial satellite launch service market analysis, the market continues to evolve as the global demand for satellite-based applications remains robust. Established players, including Arianespace, SpaceX, and Lockheed Martin, dominate the market with their reliable launch solutions and extensive track records. However, the sector is witnessing disruptive forces as new entrants like Rocket Lab and Blue Origin introduce innovative technologies and cost-effective launch options.
The trend toward small satellite launches is gaining momentum, driven by advancements in miniaturization and a growing need for agile, responsive satellite deployments. Moreover, sustainability considerations and regulatory changes are expected to influence industry practices, pushing companies to develop eco-friendly launch systems and adhere to stricter guidelines for space debris management.
Looking ahead, the commercial satellite launch services market is poised for significant growth. The emergence of new players, along with the development of reusable launch vehicles and dedicated small satellite launchers, will likely increase competition and further reduce launch costs. Governments and private organizations continue to invest in space exploration, leading to an uptick in satellite deployment for Earth observation, space tourism, and deep-space missions.
To stay competitive, industry participants must focus on sustainable practices, including reducing carbon emissions and mitigating space debris. Additionally, partnerships and collaborations with satellite manufacturers and operators will be crucial in addressing the evolving demands of the market.
Overall, the future of commercial satellite launch services promises innovation, accessibility, and broader access to space for both established and emerging players.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 10 Billion |
| Market size value in 2031 | USD 28.18 Billion |
| Growth Rate | 12.20% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Commercial Satellite Launch Service Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Commercial Satellite Launch Service Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Commercial Satellite Launch Service Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Commercial Satellite Launch Service Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Commercial Satellite Launch Service Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Commercial Satellite Launch Service Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Commercial Satellite Launch Service Market Report Snapshots
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