Space Launch Services Market Scope
Space launch refers to the primary part of a flight that reaches space. Space launch service providers are responsible for the construction of the carrier missile, ordering, assembly and stacking, conversion, payload integration eventually conducting space launch itself. It includes liftoff when a space launch vehicle or rocket leaves the earth surface at the start of the flight. Space launch services market has high growth prospects owing to increase government investment in space exploration activities. For instance, the Polar Satellite Launch Vehicle (PSLV-C42) of Indian Space Research Organization (ISRO) launched two satellites S1-4 and NovaSAR into the Sun Synchronous Orbit at an altitude of 583 km. And, SpaceX a private American space transportation service provider launched Falcon 9 rocket built by Lockheed Martin for the United States Air Force.
According to AMA, the Global Space Launch Services market is expected to see growth rate of 15.45%
Fragmented nature of the market owing to numerous players present in the market. More players rising in space launch vehicle market. For instance, the Indian Space Research Organization (ISRO) is planning to include the private players in developing and launching the Small Satellite Launch Vehicle (SSLV) supplementing the growth of space launch services market. Further, technological developments in planetary and interplanetary satellite carrier supporting the industry growth.
Antrix Corporation (India), Arianespace (France), Boeing (United States), China Great Wall Industry Corporation (China), EUROCKOT (Germany), ILS International (United States), Lockheed Martin (United States), Mitsubishi Heavy Industries (Japan), Orbital ATK (United States), Space International Services (Russia), United Launch Alliance (United States), Space Exploration Technologies Corp. (United States), Blue Origin LLC (United States), Spaceflight Industries, Inc. (United States) and Isc Kosmotras (Russia) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Sea Launch (Switzerland), International Launch Services (United States), Rocket Lab (United States), Starsem (Russia) and China Aerospace Science and Technology Corporation (China).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Space Launch Services market by Type (Pre Launch Services and Post Launch Services), by Application (Land, Air and Sea) and Region with country level break-up.
On the basis of geography, the market of Space Launch Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
20th February 2019, the United States Defense Department announced Space Exploration Technologies (SpaceX) received a USD 297 million contract from the Air Force to launch NROL-87, NROL-85, and AFSPC-44, satellites into orbit. And USD 441.7 million contracts to United Launch Services to launch military satellites to orbit. and 6th February 2019, India communication satellite GSAT-31 with Ku-band launched by Arianespace's rocket, a European launch services provider.
- Emphasizing On Reusable Launch Vehicle (RLV) Technology
- Rising Demand for Small Satellites
- Increasing Government Investment in Space Exploration Activities
- Increasing Demand for Commercial Non-Geostationary Satellite Orbit (NGSO) Space Launches
- Focus On Price Reduction for Space Launch Services through Product Innovation
- Growing Space Exploration Activities in Emerging Economies
- Lack of Skilled Workforce to Adopt New Technology
- High Initial Investment Associated to Space Launch Services
- The Limited Availability of Appropriate Launch Systems for Small Satellites
Key Target AudienceSpace Launch Service Providers, Space Launch System Manufacturers, Subsystem Manufacturers, Technology Support Providers, Ministry of Defense, Scientific Research Centers, Software/Hardware/Service and Solution Providers, Government Organizations, Market Research Firms and Others