Satellite Launch Vehicle Market Size 2021 Global Industry Report, Statistics | Forecast To 2024
Category: #technology  By Ronak Bora  Date: 2021-08-04
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Satellite Launch Vehicle Market Size 2021 Global Industry Report, Statistics | Forecast To 2024

The research report on satellite launch vehicle market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segmentation, and global trends. Furthermore, the study also provides deliverables pertaining to the regulatory and competitive landscapes and the strategic perspectives of various industry contenders with respect to the market.

The satellite launch vehicle market has exhibited consistent growth prospects owing to remarkable developments in monitoring, imaging and communication technologies that are integrated within different satellites. The irrefutable significance of features like weather monitoring, forecasting climate changes and preventing losses from natural calamities have sustained the global satellite industry with a large number of these man-made objects being launched into orbit each year. The ability of satellites to provide uninterrupted communication services over a widespread area has also influenced the segment, tremendously boosting the industry development. Upcoming satellite programs in regions like Europe will create additional demand for SLVs over the coming years, presenting lucrative opportunities for the market.

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Primary payload dominated the overall industry with a market share of over 61% in 2017. Growing launches of satellites for the purpose of scientific research, tactical intelligence, and observation in space should escalate the demand for primary payload. Rising efforts to expand space programs in emerging nations and the growing development of new launch sites are expected to bring lucrative growth opportunities for the SLV manufacturers and component providers.

The non-commercial satellite launch vehicle segment is predicted to grow considerably in the upcoming years, on account of the rise in scientific, military, and government space operations. An increasing number of government-funded space exploration programs in emerging economies like India has been observed, driving regional SLV development efforts. Extensive usage of remote sensing applications for communication, navigation, and intelligence gathering by military and scientific organizations should drive public satellite launches.

The satellite launch vehicle market share from the communication application segment was around 40% in 2017. The growing emphasis of telecommunication sector to increase data bandwidth and high-speed internet connectivity could escalate satellite launches for communication-based applications. Moreover, high adoption of wireless technology, IoT, and smart devices is anticipated to positively impact the business growth for SLV developers.

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Asia Pacific satellite launch vehicle market held over 37% share of the global market in 2017. The regional industry growth should be driven by the rising necessity to introduce space research programs and incorporate sophisticated communicative technologies in important fields such as science, military, and government services. For example, countries like India and China are leveraging various satellite launch services in a bid to secure their geopolitical and economic interests. Such initiatives are likely to enhance competitiveness in their space technologies and foster business growth in the region.

Leading companies making satellite launch vehicles worldwide are Blue Origin, SpaceX, Lockheed Martin, ISRO, Virgin Galactic, ARCA Space, Mitsubishi Heavy Industries, Kelly Space & Technology, E Prime Aerospace, and Boeing Space & Communication. These firms are focusing on partnerships, joint ventures, and long-term agreements with various government and private organizations for testing and launch of commercial satellites to consolidate their presence in the global market.

Major Key Points from Table of Content:

Chapter 5.    Satellite Launch Vehicle Market, By Number of Payloads

5.1. Satellite launch vehicle market share by number of payloads, 2017 & 2024

5.2. Primary only

5.2.1.  Market estimates and forecast, 2013-2024

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

5.3. 2 to 5

5.3.1.  Market estimates and forecast, 2013-2024

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

5.4. 6 to 10

5.4.1.  Market estimates and forecast, 2013-2024

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

Chapter 6.    Satellite Launch Vehicle Market, By Launch Activity

6.1. Satellite launch vehicle market share by launch activity, 2017 & 2024

6.2. Commercial

6.2.1.  Market estimates and forecast, 2013-2024

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

6.3. Non-Commercial

6.3.1.  Market estimates and forecast, 2013-2024

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

Browse Complete Table of Content @  https://www.decresearch.com/toc/detail/satellite-launch-vehicle-slv-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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