What is Satellite Launch Vehicle?
The Launch Vehicle carries a crewed spacecraft, unscrewed spacecraft and satellite from ground to the space. The system contains, launch pad, launch vehicle and infrastructure. Moreover, the satellite launch vehicles are divided as per the weight carried into the space. It provides thrust by using boosters which reduces the mass of further stages. In order to lift the spacecraft from the earth, the thrust must be greater than the total weight of spacecraft. Since various small communication satellites are being launched into the orbit, the demand for satellite launch vehicles is growing.
The market study is broken down, by Application (Research & Development, Navigation, Communication, Scientific, Meteorology, Earth observation and Remote sensing) and major geographies with country level break-up.
Analysts at AMA Research estimates that Manufacturers from United States will contribute to the maximum growth of Global Satellite Launch Vehicle market throughout the predicted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lockheed Martin (United States), Boeing (United States), Mitsubishi Heavy Industries (Japan), Northrop Grumman (United States), Airbus (Netherlands), Bellatrix Aerospace (India), Bigelow Aerospace (United States), Masten Space Systems (United States), Space Exploration Technologies (United States) and Virgin Galactic (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Blue Origin (United States) and Armadillo Aerospace (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Satellite Launch Vehicle market by Type, Application and Region.
On the basis of geography, the market of Satellite Launch Vehicle 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). If we see Market by Orbits Covered, the sub-segment i.e. Sun-Synchronous Orbit (SSO) will boost the Satellite Launch Vehicle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Types of satellite, the sub-segment i.e. Communications Satellite will boost the Satellite Launch Vehicle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In June 2018, Northgroup Grumman has acquired Orbital ATK with the absorption of launch vehicle developer.
In August 2019, Indian Space Research Organization has announced that they are launching small satellite launch vehicles on December. This new space vehicle will enable the use of small satellite at lower costs.
Market Trend
- Deployment of Small Satellites which Performs Critical Missions
- Improvements in Data Bandwidth and Requirement of High Speed Connectivity
Market Drivers
- Increasing Satellite Launches for Scientific and Research and Development Application
- Technological Developments in Satellite Design
Opportunities
- Rising Communication Sector is creating an Opportunity
- Investments in Large Space Organizations in Developing Economies
Restraints
- High Costs Associated with the Manufacturing
- Government Regulations Restricting the Resources and Sharing of Technologies
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.