Title: Space Launch Services Market share research by applications and regions for 2017-2024
1Space Launch Services Market Price, Trends,
Industry Outlook Forecast 2017-2024
2Key Insights from Space Launch Services Market
- Space Launch Services Market size will experience
surge in demand owing to increasing satellite
launches across the globe. Surge in demand for
satellite launches for educational, commercial
and military application will drive the industry
during forecast period. - Increasing importance of satellites for planetary
science, space exploration, geo information,
telecommunication and socio-economic development
encourage the investment is satellite technology
across the globe. Developing nations increasing
interest in interplanetary technology fuels the
space launch services market. - Increasing orbital launch attempts globally
support the industry growth. In 2016, total of 85
orbital attempts are made with the U.S. and China
contributing 22 attempts each. High success rate
of launches owing to technical accuracy will
encourage more attempts during the forecast
period.
3Continued...
- Technological advancements in planetary and
interplanetary satellite carrier will improve the
service quality thereby supporting industry
growth. For instance, SpaceX developing ITS and
Falcon Heavy launch vehicles, United launch
alliance (ULA) in partnership with Blue Origin is
developing BE-4 LOX/methane engine for first
stage booster rocket. - Based on service type, industry is classified as
pre-launch and post launch services. Pre-launch
service holds major share and will continue its
dominance owing to increasing service providers
and reduction in price of integration services. - By end user segment, it is divided into
commercial and government military. Government
military segment growth is attributed to
increasing investment in orbital probe missions
by military and facilitating better educational,
surveillance, information collection and
precision navigation by government sector.
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5Major Companies in Space Launch Services Market
- Antrix Corporation
- Arianespace
- China Aerospace Science and Technology
Corporation - Eurockot Launch Services
- ILS
- ISC Kosmotras
- Mitsubishi Heavy Industries
- Orbital
- ATK
6Regional Insights in Space Launch Services
Market
- North America is expected to witness significant
growth during the forecast timeframe owing to
strong presence of manufacturers in the region
focusing on the business expansion. Moreover,
presence of end-user industries dealing in
aerospace and defense such as Boeing will further
support the Space Launcher market demand. - Asia Pacific space launch services market is
driven by governments are spending on satellite
technology and exploration program. Countries
such as China India strengthening their
military and defense system will boost the
industry revenue during forecast time frame. In
2016, China premiered 2 new rockets supporting
its future line of orbital satellite carriers.
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