Satellite Launch Service Market
Satellite Launch Service Market Forecasts to 2030 - Global Analysis By Orbit Type (Geostationary Orbit (GEO), Medium Earth Orbit (MEO), Low Earth Orbit (LEO), Sun-Synchronous Orbit (SSO) and Other Orbit Types), Launch Vehicle Type, Payload Type, Service Type, Application, End User and By Geography
According to Stratistics MRC, the Global Satellite Launch Service Market is accounted for $4.8 billion in 2024 and is expected to reach $9.8 billion by 2030 growing at a CAGR of 12.6% during the forecast period. Satellite launch services encompass the comprehensive suite of activities involved in deploying satellites into orbit. This includes mission planning, vehicle assembly, launch operations, and post-launch tracking. Providers manage everything from payload integration to ensuring regulatory compliance and achieving mission success. They are critical for both commercial ventures and governmental agencies seeking to expand their capabilities in space-based applications and services.
Market Dynamics:
Driver:
Increased deployment of small satellites
The market has witnessed a surge in demand driven by the increased deployment of small satellites. Small satellites, due to their cost-effectiveness and versatility, cater to diverse applications such as earth observation and scientific research. This trend has spurred innovation in launch technologies, including dedicated rideshare services and small rocket development. Companies are capitalizing on this trend, offering frequent and flexible launch opportunities to meet the growing demand from commercial and government entities globally.
Restraint:
Lack of dedicated launch infrastructure
Establishing and maintaining launch facilities capable of safely and efficiently deploying satellites into orbit requires substantial investment and specialized expertise. Many countries and private enterprises face hurdles in developing these infrastructures due to regulatory complexities, high costs of construction and maintenance, and stringent safety requirements. These factors collectively restrict the scalability and efficiency of satellite launch services, posing barriers to entry for new market players.
Opportunity:
Growth of commercial space sector
The commercial space sector's expansion in the market has surged with private companies revolutionizing access to space. Innovators have lowered costs and increased launch frequency, catering to a diverse array of payloads from small satellites to mega-constellations. This growth is driven by increasing satellite demand for telecommunications, Earth observation, and scientific research, supported by advancements in reusable rockets and government partnerships fostering a competitive landscape for satellite deployment globally.
Threat:
High launch costs
High launch costs pose a significant challenge in the market, limiting accessibility for smaller satellite operators and startups. These costs stem from the complex engineering and safety standards required for reliable launches, coupled with the high expenses of rocket fuel, infrastructure maintenance, and regulatory compliance. These costs encompass various aspects making satellite deployment a costly endeavor. Launch providers must invest heavily in technology, testing, and safety measures, further driving up expenses.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the market, causing disruptions in supply chains, delays in satellite deployments, and reduced operational capacity. Travel restrictions and lockdowns hindered workforce availability and logistics, affecting launch schedules and revenue streams for service providers. Despite initial setbacks, the market has shown resilience with increasing demand for satellite connectivity and remote sensing applications, driving recovery and adaptation to new operational norms amidst ongoing global uncertainties.
The communication satellites segment is expected to be the largest during the forecast period
The communication satellites is expected to be the largest during the forecast period driven by telecommunications expansion and the need for reliable, high-speed data transmission globally. These satellites facilitate telecommunications, broadcasting, internet services, and secure military communications. They vary in size and capability, from geostationary to low earth orbit constellations. Launch services for Communication Satellites involve precision deployment into specific orbits, ensuring optimal coverage and operational efficiency.
The television broadcasting segment is expected to have the highest CAGR during the forecast period
The television broadcasting segment is expected to have the highest CAGR during the forecast period. It leverages satellites facilitating the transmission of TV channels to diverse geographic regions. This sector demands reliable satellite launch services to deploy communication satellites into orbit, ensuring uninterrupted broadcasting capabilities. Companies in this market focus on precision and reliability to meet the stringent requirements of television broadcasters worldwide, supporting the expansion and enhancement of global media distribution networks.
Region with largest share:
North America is projected to hold the largest market share during the forecast period driven by government and commercial satellite deployments. The market benefits from technological advancements, including reusable launch vehicles, which enhance cost-efficiency and reliability. Regulatory support and a strong aerospace infrastructure further bolster market growth. Collaboration between private sector innovators and governmental agencies continues to shape the market's trajectory.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. Growing demand for satellite communication, navigation, and Earth observation drives commercial satellite launches, creating opportunities for service providers. Satellites play a crucial role in national security and disaster management, influencing regional stability and resilience. With increasing investments in space infrastructure and satellite-based applications across the region, the market is poised for continued expansion in the coming years.
Key players in the market
Some of the key players in Satellite Launch Service market include SpaceX , United Launch Alliance (ULA),, Northrop Grumman Space Systems, Mitsubishi Heavy Industries, Indian Space Research Organisation (ISRO), Boeing Space and Launch, Lockheed Martin Space, Vector Launch Inc., Sierra Nevada Corporation, Relativity Space, Orbital ATK, Antrix Corporation Limited, International Launch Services (ILS), DigitalGlobe, Planet Labs, Spire Global, Land Space and OneWeb.
Key Developments:
In July 2023, Land Space, a private Chinese company developed and launched the world's first methane liquid oxygen rocket into orbit. The Suzaku-2 rocket took off from the Jiuquan satellite launch center in northwestern China at 9 am, completing its flight.
In March 2023, OneWeb, announced the successful deployment and contact of 36 satellites launched by NewSpace India Limited (NSIL) from the Satish Dhawan Space Center (SDSC-SHAR) in Sriharikota, India. The launch took place on Sunday, 26th March 2023, at 9:00 am local time.
Orbit Types Covered:
• Geostationary Orbit (GEO)
• Medium Earth Orbit (MEO)
• Low Earth Orbit (LEO)
• Sun-Synchronous Orbit (SSO)
• Other Orbit Types
Launch Vehicle Types Covered:
• Expendable Launch Vehicles (ELVs)
• Reusable Launch Vehicles (RLVs)
• Super Heavy-Lift Launch Vehicles
Payload Types Covered:
• Communication Satellites
• Earth Observation Satellites
• Navigation Satellites
• Scientific Satellites
• Military and Surveillance Satellites
Service Types Covered:
• Payload Delivery Services
• Rideshare Services
• Ground Support Services
• Post-Launch Services
Applications Covered:
• Broadband Internet
• Television Broadcasting
• Agriculture Assessment
• Military Reconnaissance
• Space Exploration
• Other Applications
End Users Covered:
• Defense and Security
• Commercial
• Research Institutions
• Government
• Telecommunications
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Satellite Launch Service Market, By Orbit Type
5.1 Introduction
5.2 Geostationary Orbit (GEO)
5.3 Medium Earth Orbit (MEO)
5.4 Low Earth Orbit (LEO)
5.5 Sun-Synchronous Orbit (SSO)
5.6 Other Orbit Types
6 Global Satellite Launch Service Market, By Launch Vehicle Type
6.1 Introduction
6.2 Expendable Launch Vehicles (ELVs)
6.3 Reusable Launch Vehicles (RLVs)
6.4 Super Heavy-Lift Launch Vehicles
7 Global Satellite Launch Service Market, By Payload Type
7.1 Introduction
7.2 Communication Satellites
7.3 Earth Observation Satellites
7.4 Navigation Satellites
7.5 Scientific Satellites
7.6 Military and Surveillance Satellites
8 Global Satellite Launch Service Market, By Service Type
8.1 Introduction
8.2 Payload Delivery Services
8.3 Rideshare Services
8.4 Ground Support Services
8.5 Post-Launch Services
9 Global Satellite Launch Service Market, By Application
9.1 Introduction
9.2 Broadband Internet
9.3 Television Broadcasting
9.4 Agriculture Assessment
9.5 Military Reconnaissance
9.6 Space Exploration
9.7 Other Applications
10 Global Satellite Launch Service Market, By End User
10.1 Introduction
10.2 Defense and Security
10.3 Commercial
10.4 Research Institutions
10.5 Government
10.6 Telecommunications
10.7 Other End Users
11 Global Satellite Launch Service Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 SpaceX
13.2 United Launch Alliance (ULA)
13.3 Northrop Grumman Space Systems
13.4 Mitsubishi Heavy Industries
13.5 Indian Space Research Organisation (ISRO)
13.6 Boeing Space and Launch
13.7 Lockheed Martin Space
13.8 Vector Launch Inc.
13.9 Sierra Nevada Corporation
13.10 Relativity Space
13.11 Orbital ATK
13.12 Antrix Corporation Limited
13.13 International Launch Services (ILS)
13.14 DigitalGlobe
13.15 Planet Labs
13.16 Spire Global
13.17 Land Space
13.18 OneWeb
List of Tables
1 Global Satellite Launch Service Market Outlook, By Region (2022-2030) ($MN)
2 Global Satellite Launch Service Market Outlook, By Orbit Type (2022-2030) ($MN)
3 Global Satellite Launch Service Market Outlook, By Geostationary Orbit (GEO) (2022-2030) ($MN)
4 Global Satellite Launch Service Market Outlook, By Medium Earth Orbit (MEO) (2022-2030) ($MN)
5 Global Satellite Launch Service Market Outlook, By Low Earth Orbit (LEO) (2022-2030) ($MN)
6 Global Satellite Launch Service Market Outlook, By Sun-Synchronous Orbit (SSO) (2022-2030) ($MN)
7 Global Satellite Launch Service Market Outlook, By Other Orbit Types (2022-2030) ($MN)
8 Global Satellite Launch Service Market Outlook, By Launch Vehicle Type (2022-2030) ($MN)
9 Global Satellite Launch Service Market Outlook, By Expendable Launch Vehicles (ELVs) (2022-2030) ($MN)
10 Global Satellite Launch Service Market Outlook, By Reusable Launch Vehicles (RLVs) (2022-2030) ($MN)
11 Global Satellite Launch Service Market Outlook, By Super Heavy-Lift Launch Vehicles (2022-2030) ($MN)
12 Global Satellite Launch Service Market Outlook, By Payload Type (2022-2030) ($MN)
13 Global Satellite Launch Service Market Outlook, By Communication Satellites (2022-2030) ($MN)
14 Global Satellite Launch Service Market Outlook, By Earth Observation Satellites (2022-2030) ($MN)
15 Global Satellite Launch Service Market Outlook, By Navigation Satellites (2022-2030) ($MN)
16 Global Satellite Launch Service Market Outlook, By Scientific Satellites (2022-2030) ($MN)
17 Global Satellite Launch Service Market Outlook, By Military and Surveillance Satellites (2022-2030) ($MN)
18 Global Satellite Launch Service Market Outlook, By Service Type (2022-2030) ($MN)
19 Global Satellite Launch Service Market Outlook, By Payload Delivery Services (2022-2030) ($MN)
20 Global Satellite Launch Service Market Outlook, By Rideshare Services (2022-2030) ($MN)
21 Global Satellite Launch Service Market Outlook, By Ground Support Services (2022-2030) ($MN)
22 Global Satellite Launch Service Market Outlook, By Post-Launch Services (2022-2030) ($MN)
23 Global Satellite Launch Service Market Outlook, By Application (2022-2030) ($MN)
24 Global Satellite Launch Service Market Outlook, By Broadband Internet (2022-2030) ($MN)
25 Global Satellite Launch Service Market Outlook, By Television Broadcasting (2022-2030) ($MN)
26 Global Satellite Launch Service Market Outlook, By Agriculture Assessment (2022-2030) ($MN)
27 Global Satellite Launch Service Market Outlook, By Military Reconnaissance (2022-2030) ($MN)
28 Global Satellite Launch Service Market Outlook, By Space Exploration (2022-2030) ($MN)
29 Global Satellite Launch Service Market Outlook, By Other Applications (2022-2030) ($MN)
30 Global Satellite Launch Service Market Outlook, By End User (2022-2030) ($MN)
31 Global Satellite Launch Service Market Outlook, By Defense and Security (2022-2030) ($MN)
32 Global Satellite Launch Service Market Outlook, By Commercial (2022-2030) ($MN)
33 Global Satellite Launch Service Market Outlook, By Research Institutions (2022-2030) ($MN)
34 Global Satellite Launch Service Market Outlook, By Government (2022-2030) ($MN)
35 Global Satellite Launch Service Market Outlook, By Telecommunications (2022-2030) ($MN)
36 Global Satellite Launch Service Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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