Satellite Launch Vehicle Market By Application, Growth Potential & Forecast, 2018 – 2024

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Satellite Launch Vehicle (SLV) Market By
Application, Growth Potential Forecast, 2018
2024
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Key Insights from Satellite Launch Vehicle Market

• Growing high speed internet connectivity demands
  in conjunction with the requirement to gain
  tactical intelligence over the neighboring
  nations can be achieved through space missions.
  This in turn has led to increased frequency of
  launches every year for applications in defense,
  scientific research, and communication, which in
  turn will fuel the global satellite launch
  vehicles market.
• International Launch Services (ILS) is an
  American Russian joint venture that was formed as
  private spaceflight partnership among Khrunichev,
  Lockheed Martin (LM), and Energia. ILS
  exclusively owns rights for global civil
  commercial sales, and mission management of
  Angara, and Proton Breeze M. Growing emphasis on
  international co-operation for providing launch
  services for commercial applications and small
  economies is expected to drive the overall
  satellite launch vehicle market size.
• Regulatory norms restricting the knowledge and
  resources sharing of technologies related to the
  launch owing to mission critical applications are
  expected to hinder the technological developments
  in the industry space.

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Continued.

• Operator states are highly focused on the
  protectionism of local producers, specifically in
  the Europe and the U.S. Moreover, China and the
  U.S. that hold substantial positioning in the
  global industry have limited participation in the
  commercial sector, is expected to present
  considerable challenge to the satellite launch
  vehicle market share.
• Based on orbits, GEO satellite launch vehicle
  segment is expected to retain its industrial
  dominance through the forecast period. It can be
  attributed to the substantial application in
  communication and earth observation among its
  primary payload applications.
• Commercial satellite launch vehicle market
  segment is expected to witness highest growth
  over the forecast timeframe. Navigation, earth
  observation data for oil mineral exploration,
  biomass measurement, providing access to critical
  information small economies, and communication
  will provide strong growth prospects through the
  forecast timeframe.

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U.S. SLV Market, By Launch Activity, 2017 2024,
(Units)

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Major Companies in Satellite Launch Vehicle
Market

• ARCA Space
• Blue Origin
• Boeing Space and Communications
• Bristol Spaceplanes
• E Prime Aerospace
• Eurockot
• Indian Space Research Organisation (ISRO)
• Kelly Space Technology
• Lockheed Martin, Mitsubishi Heavy Industries

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Industry Coverage

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Regional Insights in Satellite Launch Vehicle
Market

• In terms of the number of orbital satellite
  missions every year, Asia Pacific dominated the
  satellite launch vehicle market share in 2017.
  However, the U.S. satellite launch vehicle market
  segment is expected to dominate the overall
  industry share by 2024, owing to the increasing
  participation of private companies and high
  number of follow-on missions scheduled in the
  region.

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