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Commercial Satellite Launch Service Market Trends

Report ID: GMI2600
Published Date: Sep 2023
Report Format: PDF

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Commercial Satellite Launch Service Market Trends

The commercial satellite launch service industry is witnessing several notable trends that are shaping its landscape. The increased demand for satellite-based services including communication, Earth observation, navigation, and scientific research is driving the demand for satellite launches. The launch of small satellites including CubeSats and microsatellites is also on the rise. Many companies and organizations are seeking affordable & flexible launch options for deploying small satellite constellations for various purposes including communication, Earth observation, and scientific research.

Reusable launch vehicles, such as Falcon 9 and Falcon Heavy of SpaceX, are gaining prominence. These vehicles can launch payloads into space and return to Earth for refurbishment & reuse, significantly reducing launch costs. The trend toward reusability is putting pressure on other launch service providers to develop similar capabilities. The market for commercial satellite launch service is becoming more competitive, with both established players and new entrants vying for contracts. Companies including SpaceX, Blue Origin, Rocket Lab, and Arianespace are competing to offer cost-effective & reliable launch services. Environmental concerns are leading to the focus on enhanced & sustainable launch practices. Efforts to reduce space debris and minimize environmental impacts are also gaining attention within the industry.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for commercial satellite launch service was valued at USD 9 billion in 2022 and will register over 10% CAGR from 2023-2032 due to the rising prominence of various types of satellites, including communication, Earth observation, navigation, and scientific worldwide.

The GEO orbit segment registered over 45% share of the commercial satellite launch service industry in 2022 on account of high application scope in communication services, such as satellite television, broadband internet, and mobile communications.

North America held over 38% share of the commercial satellite launch service in 2022 owing to the growing demand for global connectivity including broadband internet access, communication, and Internet of Things (IoT) connectivity in the region.

Arianespace (France), GK Launch Service (Russia), Lockheed Martin Corporation (U.S.), United Launch Alliance (ULA) (U.S.), and Indian Space Research Organization (ISRO) (India) are some of the major commercial satellite launch service companies worldwide.