Global Satellite Launch Vehicle Market - Size, Trends, Competitive Analysis, Market- Growth Drivers, Opportunities and Forecast Analysis to 2020
A new market study,
titled “Global
Satellite
Launch Vehicle Market - Size, Trends, Competitive Analysis, Market- Growth
Drivers, Opportunities and Forecast Analysis to 2020” has been featured on WiseGuyReports.
Global Satellite Launch Vehicle Market Research Report—Forecast till
2025
Market Overview
The global satellite launch vehicle market is estimated to register a
CAGR of 2.77% during the forecast period. The satellite launch vehicles are
used to carry spacecraft to space). These vehicles help satellites to reach its
projected orbit. The global satellite launch vehicle market is expected to
witness substantial growth in terms of values it is evaluated as USD 2,438.1
Million. The growth of the market is driven by the research and development
programs initiated several countries across the globe to expand the
communication network. The increasing investments by the leading companies in
the region, such as Airbus SAS in the development of satellite launch vehicles
are expected to boost the market growth.
The Global Satellite Launch Vehicle Market is growing at a steady rate owing to
the increasing defense expenditure and frequent launches of military satellites.
The increasing investments by venture capital firms rising military expenditure
are the primary factors driving the satellite launch vehicle market. Europe is
expected to command the global satellite launch vehicle market.
Market Segmentation
The Global Satellite Launch Vehicle Market has been classified based on
orbit, the number of Payloads, Launch Activity, Application, and Region. By
orbit segment, the market has been classified as Sun-Synchronous Orbit (SSO),
Medium Earth Orbit (MEO), Low Earth Orbit (LEO), and Geosynchronous Orbit
(GEO). The number of payloads segment of the market has been segmented into
primary only, 2 to 5, and 6 to 10. Based on launch activity, the market has
been classifying into non-commercial and commercial. By application type, the
market has been divided into research & development, navigation,
communication, scientific, meteorology, earth observation, and remote sensing.
Regional Analysis
Based on region, the global satellite launch vehicle market has been
spread across North America, Europe, Asia-Pacific, the Middle East &
Africa, and Latin America. Europe held the largest market share of the
satellite launch in 2018, followed by North America.
European satellite launch market was estimated at USD 728.9 million in 2018 and
it is evaluated to exhibit a CAGR of 2.15% during the review period. The
regional market growth is propelled by factors such as the increasing adoption
of advanced technologies and growing investments by the government of countries
such as Germany in the manufacturing of satellite are factors expected to drive
the demand for satellite launch vehicles. Additionally, rising expenditure by
the UK Space Agency in satellite launch vehicle companies is estimated to boost
the market in the UK.
Major Players
The Preeminent Players in the Global Satellite Launch Vehicle Market are Boeing
(US), Arca Space Corporation (US), Lockheed Martin Corporation (US), Blue
Origin (US), Northrop Grumman Corporation (US), Indian Space Research
Organization (India), Mitsubishi Heavy Industries, Ltd (Japan), Space
Exploration Technologies Corporation (US), Virgin Orbit (US), Eurockot Launch
Services GmbH (Germany), Bristol Airspace (UK), E-Prime Aerospace (US), Kelly
Space & Technology, Inc. (US), and Scaled Composites LLC (US).
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