Satellite Launch Vehicle Market Research Report - Forecast till 2030

Satellite Launch Vehicle Market Research Report: By Orbit (Sun-Synchronous Orbit [SSO], Medium Earth Orbit [MEO], Low Earth Orbit [LEO], and Geosynchronous Orbit [GEO]), Number of Payloads (Primary Only, 2 to 5 and 6 to 10), Launch Activity (Non-Commercial and Commercial), Application (Research Development, Navigation, Communication, Scientific, Meteorology, Earth Observation, and Remote Sensing) and Region (North America, Europe, Asia-Pacific, Middle East Africa and Latin America) - Forecast till 2030

ID: MRFR/A&D/7287-CR | February 2020 | Region: Global | 136 Pages         

Satellite Launch Vehicle Market

Satellite Launch Vehicle Market Size Valued at USD 40.54 Billion, market Grow at a CAGR Of 13.12% by 2020 -2030

Segmentation

By Orbit Sun-Synchronous Orbit Medium Earth Orbit Low Earth Orbit Geosynchronous Orbit Number of Payloads Launch Activity
By Application Research & Development Navigation Communication Scientific Meteorology Earth Observation Remote Sensing

Key Players

  • Northrop Grumman Corporation (US)
  • Arca Space Corporation (US)
  • Lockheed Martin Corporation (US)
  • Boeing (US)
  • Mitsubishi Heavy Industries Ltd (Japan)
  • Blue Origin (US)
  • Indian Space Research Organization (India)
  • Space Exploration Technologies Corporation (US)
  • Eurockot Launch Services GmbH (Germany)
  • Bristol Airspace (UK)
  • Kelly Space & Technology Inc. (US)
  • Virgin Orbit (US)
  • E-Prime Aerospace (US)
  • Scaled Composites LLC (US)

Drivers

  • The Increasing Defense Expenditure
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Satellite Launch Vehicle Market Overview:


Satellite Launch Vehicle Market Size Valued at USD 40.54 Billion, market Grow at a CAGR Of 13.12% by 2020 -2030


Rising development in the satellite launch vehicle industry across the globe for climate checking, route, correspondence, and remote detecting applications will help the development of the Satellite Launch Vehicle Market during the conjecture time frame. These satellite dispatch vehicles are helping with conveying shuttle to space. The starting framework comprises the dispatch vehicle, the platform, and different designs. The satellite dispatch vehicles are ordered based on the mass conveyed into the circle and the number of stages. Satellite dispatch vehicles use supporters to supply starting push and decrease the heaviness of additional stages, allowing bigger payloads to be conveyed into the circle.


COVID-19 Analysis:


The COVID-19 pandemic has constrained a few dispatch deferments, inventory network interruptions, labor force shortages, and vaporization of income floods of a few new businesses and more modest players on the lookout. Lately, there has been an expanded interest in satellites from the common/government, business, and military areas. Right now, nations like the United States, India, China, Russia, Japan, and a couple of European nations have sufficient capacities in satellite assembling. In any case, alongside the developing movement towards assembling reasonable and less refined little satellites, it is normal that the assembling base of satellites is enlarging to a few different nations throughout the world.


Market Dynamics:


Drivers, Restraints, Opportunities, and Challenges:


The rising development of remote detecting applications is one of the excellent variables driving the development of the satellite dispatch vehicle market. Be that as it may, administrative guidelines confining the assets and information and sharing of advances identified with the dispatch inferable from crucial applications are central points controlling the development of the satellite dispatch vehicle market.


An expansion in satellite launch vehicle market size emphasis on interplanetary missions and countless follow-on missions planned is relied upon to support the development of the satellite dispatch vehicle market.


Several satellites depict the expansion in satellite payloads market growth, and testing test dispatches go about as drivers for the Satellite Launch Vehicle Market development. What's more, the expanded government ventures and private assets also sway the market development altogether. In any case, high beginning expenses related to the dispatch administrations go about as a market restriction.


In addition, the small satellite launch vehicle market issues looked at by organizations debilitates the market development. The absence of a talented labor force and protection from flexibility toward new advancements is another element that hampers the market development. In the meantime, endeavors to decrease the cost of dispatch administrations offer a worthwhile chance for the market players working in the Satellite Launch Vehicle Market industry.


The satellite launch vehicle market share is finished by considering every one of the driving variables liable for the Satellite Launch Vehicle Market development worldwide. Likewise, the Satellite Launch Vehicle Market is anticipated from the year 2020-2027.


Segment Overview:


The global Satellite launch vehicle market is fragmented based on circle, payloads, dispatch movement, applications. Based on the circle, the market is fragmented as a sun-coordinated circle (SSO), medium earth circle (MEO), low earth circle (LEO), geosynchronous circle (GEO). Based on payloads, the market is fragmented as essential just, 6 to 10, 2 to 5. Based on dispatch action, the market is portioned as a non-business business. The market is portioned as innovative work, route, correspondence, logic, meteorology, earth perception, and remote detecting based on application.


Space Launch Services Market, By Service Type


Pre-Launch Services



  • Launch Acquisition & Coordination

  • Management Services

  • Integration & Logistics


Tracking Data and Telemetry Support



  • Insurance

  • Post Launch Services


Launch and Early Operations Phase (LEOP)



  • Re-supply Missions

  • Stabilization

  • Others


Space Launch Services Market, By Payload



  • Satellite

  • Small Satellite (1kg – 500kg)

  • Nano-satellite (1kg – 10kg)

  • Microsatellite (10kg – 100kg)

  • Mini-satellite (100kg – 500kg)

  • Medium Satellite (501kg – 2500kg)

  • Large Satellite (>2500)

  • Human Spacecraft

  • Cargo

  • Testing Probes

  • Stratollite


Space Launch Services Market, By Orbit


By Payload-



  • LEO

  • MEO

  • GEO

  • Beyond GEO


Space Launch Services Market, By Launch Platform



  • Land

  • Air

  • Sea


Space Launch Services Market, By Launch Vehicle Size



  • Small Lift Launch Vehicles

  • Medium-to-Heavy Lift Launch Vehicles


Space Launch Services Market, By End User



  • Commercial

  • Satellite Service Providers

  • Private Companies

  • Military & Government

  • Defense Organizations

  • Space Agencies


Space Launch Services Market, By Region



  • North America

  • Europe

  • Asia Pacific

  • Rest of the World


Cumulative Analysis:


Satellite and launch vehicle manufacturers are developing at a consistent rate inferable from the expanding safeguard consumption and continuous dispatches of military satellites. The worldwide market is projected to represent USD 2,438.1 Million by 2025, enlisting a CAGR of 2.77% during the conjecture time frame. Europe ruled the worldwide market in 2018, trailed by North America.


The polar satellite launch vehicle market is related to the exercises completed by space dispatch specialist co-ops. It comprises a progression of occasions like requesting, transformation, development, stacking and get together, incorporation of payload, and dispatch. The passage of private dispatch specialist organizations has reduced the dispatch cost and presentation of new advances, in this manner denoting another stage on the lookout.


Regional Analysis:


North America is assessed to lead the space dispatch administrations market in 2017, attributable to the expanding interest for dispatch administrations for satellites, human space apparatus, and space tests. Also, the satellite launch vehicle adapter of space flights to ISS and expanded interests in space investigation missions are extra factors projected to drive the development of the market in North America. Be that as it may, the market in the Asia Pacific area is projected to develop at the most noteworthy CAGR from 2017 to 2025, attributable to the expanded interest for dispatch administrations from the space business around here.


Satellites are dispatched in space with the assistance of dispatch vehicles. The worldwide Satellite Launch Vehicle Market is relied upon to observe a huge development ascribed to the drives attempted by a few nations across the globe to improve and grow the correspondence organization. The expanding ventures by the unmistakable organizations in the district, for example, Airbus SAS in the advancement of satellite dispatch vehicles, are relied upon to push the local market development.


The worldwide Satellite Launch Vehicle Market has been isolated into North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. Europe represented the biggest portion of the satellite dispatch vehicle market. The Satellite Launch Vehicle Market in Europe is relied upon to enlist a CAGR of 2.15% during the estimated time frame.


Elements drive the development of the market in Europe. For example, the developing reception of trend-setting innovations and expanding ventures by the public authority of nations, Germany, in assembling Satellite, are factors expected to drive the interest for satellite dispatch vehicles. Moreover, expanding speculation by the UK Space Agency in satellite dispatch vehicle organizations is relied upon to drive the market development in the UK. In France, the developing aviation and safeguard industry is supporting the market development.


Competitive Analysis:



  • Northrop Grumman Corporation (US),

  • Arca Space Corporation (US),

  • Lockheed Martin Corporation (US),

  • Boeing (US),

  • Mitsubishi Heavy Industries, Ltd (Japan),

  • Blue Origin (US),

  • Indian Space Research Organization (India),

  • Space Exploration Technologies Corporation (US),

  • Eurockot Launch Services GmbH (Germany),

  • Bristol Airspace (UK),

  • Kelly Space & Technology, Inc. (US),

  • Virgin Orbit (US),

  • E-Prime Aerospace (US),

  • Scaled Composites LLC (US)


Report Overview:


Satellite Launch Vehicle Market of the business, including both subjective and quantitative data. It gives an outline and conjecture of the worldwide Satellite Launch Vehicle Market dependent on different sections. It also gives market size and conjecture gauges from 2020 to 2028 concerning five significant locales: North America, Europe, Asia-Pacific (APAC), Middle East, Africa (MEA), and South America. The Satellite Launch Vehicle Market by every district is later sub-sectioned by individual nations and portions. The report covers examination and conjecture of 18 nations worldwide alongside latest thing and openings winning in the area.


The report dissects factors influencing Satellite Launch Vehicle Market from both the interest and supply side and further assesses market elements affecting the market during the conjecture time frame, i.e., drivers, restrictions, openings, and future patterns. The report additionally gives a comprehensive PEST examination to each of the five areas specifically; North America, Europe, APAC, MEA, and South America in the wake of assessing political, financial, social, and innovative variables influencing the Satellite Launch Vehicle Market in these districts.


Recent Developments:


In December 2019, Northrop Grumman Corporation marked an agreement with Saturn Satellite Networks to give OmegA space dispatch vehicles to dispatch two satellites into the geosynchronous circle.


In October 2019, Boeing put USD 20 million in Virgin Galactic, a satellite dispatch vehicle supplier. With the venture, both the organizations target creating inventive arrangements and reinforcing their situation in the satellite dispatch vehicle market.


In July 2019, Lockheed Martin Corporation put resources into ABL Space Systems, a maker of satellite dispatch vehicles. The speculation will empower the organizations to foster imaginative arrangements in satellite dispatch vehicle showcase and fortify its situation in the space market.



Report Scope:

Report Attribute/Metric Details
  Market Size   40.54 Billion 2030
  CAGR   13.12% (2020-2030)
  Base Year   2019
  Forecast Period   2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Orbit, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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).
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers   The Increasing Defense Expenditure


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Frequently Asked Questions (FAQ) :

satellite launch vehicle market’s revenue will be 40.54 Billion 2030

At a CAGR of 13.12%, the satellite launch vehicle market will expand in the future.

Northrop Grumman Corporation, Indian Space Research Organization, and Mitsubishi Heavy Industries, Ltd are the top investors in the market heading growth.

Europe has the largest share of the satellite launch vehicle market.