Key Players Shaping the Satellite Launch Vehicle Market: Strategies and Insights
Satellite Launch Vehicle Market by Vehicle (Small (350,000 Kg)), Payload (2,500 Kg), Orbit, Launch, Stage, Subsystem, Service and Region - Global Forecast to 2027
(EMAILWIRE.COM, May 11, 2023 ) According to the latest market research the report "Satellite Launch Vehicle Market by Vehicle (Small (350,000 Kg)), Payload (2,500 Kg), Orbit, Launch, Stage, Subsystem, Service and Region - Global Forecast to 2027" The Satellite launch vehicle market is estimated to be USD 15.7 billion in 2022 and is projected to reach USD 29.1 billion by 2027, at a CAGR of 13.1% during the forecast period. Increasing space tourism, small satellite constellations, reusable launch vehicles are driving the growth of the satellite launch vehicle market.
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Based on Payload, below 500 Kg segment is expected to grow at the highest CAGR during the forecast period.
Satellite payloads less than 500 KG are generally classified as small satellites. Small satellites are low-weight and compact satellites primarily employed for remote sensing, Earth observation, and communication purposes. These satellites usually weigh less than 500 kg. Small satellites are also used for in-orbit inspection of larger satellites. The growth of below 500 Kg segment can be attributed to the increasing rise in number of small satellite constellations.
Based on Vehicle, the Small segment is projected to grow at the highest CAGR during the forecast period.
Small segment is projected to grow at the highest CAGR in the satellite launch vehicle market. The growth of this segment is attributed to the due to more targeted payload delivery: Small Launch Vehicles can deliver payloads to very specific orbits or trajectories, which can be important for certain scientific or commercial applications. They can also provide access to orbital regimes that are not easily reached by larger rockets.
Based on region, the Asia Pacific segment is lead the market during the forecast period.
The Asia Pacific region is expected to lead the Satellite launch vehicle market in 2022. China and India are one of the major global players present in the Asia Pacific, which invests heavily in the development of launch vehicle technologies. Smaller Asian countries are expanding their space programs, purchasing, or establishing SATCOM services, and exploiting the CubeSat revolution to build Earth observation satellites. Asian countries, such as Indonesia and Singapore use these developments to garner influence and clients for their launch vehicles.
Key Market Players
Major players operating in the Satellite launch vehicle market include SpaceX (US), United Launch Alliance, LLC (US), Northrop Grumman Corporation (US), and Blue Origin (US), Mitsubishi Heavy Industries (Japan) among others. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific.
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About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=115959224
Based on Payload, below 500 Kg segment is expected to grow at the highest CAGR during the forecast period.
Satellite payloads less than 500 KG are generally classified as small satellites. Small satellites are low-weight and compact satellites primarily employed for remote sensing, Earth observation, and communication purposes. These satellites usually weigh less than 500 kg. Small satellites are also used for in-orbit inspection of larger satellites. The growth of below 500 Kg segment can be attributed to the increasing rise in number of small satellite constellations.
Based on Vehicle, the Small segment is projected to grow at the highest CAGR during the forecast period.
Small segment is projected to grow at the highest CAGR in the satellite launch vehicle market. The growth of this segment is attributed to the due to more targeted payload delivery: Small Launch Vehicles can deliver payloads to very specific orbits or trajectories, which can be important for certain scientific or commercial applications. They can also provide access to orbital regimes that are not easily reached by larger rockets.
Based on region, the Asia Pacific segment is lead the market during the forecast period.
The Asia Pacific region is expected to lead the Satellite launch vehicle market in 2022. China and India are one of the major global players present in the Asia Pacific, which invests heavily in the development of launch vehicle technologies. Smaller Asian countries are expanding their space programs, purchasing, or establishing SATCOM services, and exploiting the CubeSat revolution to build Earth observation satellites. Asian countries, such as Indonesia and Singapore use these developments to garner influence and clients for their launch vehicles.
Key Market Players
Major players operating in the Satellite launch vehicle market include SpaceX (US), United Launch Alliance, LLC (US), Northrop Grumman Corporation (US), and Blue Origin (US), Mitsubishi Heavy Industries (Japan) among others. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific.
Ask for Sample Report @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=115959224
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Contact Information:
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results