Commercial Satellite Launch Service Market 2021-2027 Trends, Research Report, Growth Trends, Opportunities, Forecast to 2027

The commercial satellite launch services market size exceeded USD 6 billion in 2019 and is projected to grow at a CAGR of over 7% between 2021 and 2027. The market growth is driven by the increasing requirement to submit payloads to outer space as various experiments are conducted. .

Efforts taken by key industry players to increase the economics and regional penetration of satellite launches will boost market growth. For example, in November 2018, Amazon and Lockheed Martin entered into a strategic partnership to provide ground station services for satellite startups. This allowed the two companies to innovate in technology and expand their market share.

Commercial Satellite Launch Service Market- Segmentation

 By Orbit

• LEO
• MEO
• GEO
• HEO

 By Size

• Large
• Medium
• Small
• Micro

By Application

• Navigational
• Communication
• Reconnaissance
• Weather Forecasting
• Remote Sensing

Major Players

Major players in the market are Ariane Group, GK Launch Services, Lockheed Martin, United Launch Alliance, Commercial Space Technologies Ltd., ISRO, NASA, Antrix Corporation Limited, COSMOS International, Sea Launch, Boeing, Orbital Sciences Corporation, SpaceX, Eurockot Launch Services, and Mitsubishi Heavy Industries Launch Services.

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Commercial Satellite Launch Service Market Report

• What was the Commercial Satellite Launch Service Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Commercial Satellite Launch Service Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Commercial Satellite Launch Service Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.