U.S. Satellite Launch Services Market Analysis and Size
In current times, the importance of satellite launch services has grown drastically and the growth in satellite launch services market has been highly fuelled by the advent of reusable launch vehicles services to reduce overall cost of the launch and the increasing demand in the number of small satellites for application such as communication and earth observation services. Data Bridge Market Research analyses that the satellite launch services market will grow at a CAGR of 16.2% during the forecast period of 2022 to 2032.
The Market Dynamics of the U.S. Satellite Launch Services Market Include:
Increase in number of small satellite and testing probe launches
Increase in number of small satellite and testing probe has a positive impact, due to the technological advancement which has made it possible to reduce the size of many devices and equipment, as miniaturisation has affected all industries, including space industry and is hoisting the market growth.
Growing demand for satellite IOT & M2M services
The Internet of Things (IoT) is described as a devices that are connected through the internet services. Because of pervasive coverage offered by satellites around the globe, satellite data is considered ideal for remote IoT applications and its optimum running which is is providing is one of the huge factor for the market growth.
Surge in demand for satellite communication and earth observation services
Satellite communication provide operator an advantage to get in contact with any person across the earth and earth observation satellites are specifically designed satellites for monitoring earth, giving upper hand on natural calamities & disasters. This factor is expected to drive the market growth.
Advent of reusable launch services to reduce cost
A Reusable Launch can launch a satellite in the space multiple times without been decommissioned to the service. This allow satellite operator to get satellite service at lower cost and because of this the number of satellite launch is and will grow year by year giving a reason to market growth.
Growth in air launch services capabilities for small satellite and payloads
Air launch is a method of launching payloads into outer space, the improvement in the technology and excellent success rate of air launch system over ground launch which is expected to provide lucrative opportunity for the growth of the market.
REPORT METRICDETAILSForecast Period2022 to 2032Base Year2021Historic Years2020 (Customizable to 2019 - 2014)Quantitative UnitsRevenue in USD Thousand, Volumes in Units, Pricing in USDSegments CoveredRocket Type (Small-Lift Launch Vehicle, Medium-Lift Launch Vehicle, Heavy-Lift Launch Vehicle, Others), Form Of Energy (Thermodynamic Rockets, Electrodynamic Rockets), Satellite (CubeSat (0.27–25 U), Small Satellites (1–500 Kg), Medium Satellites (500-2,500 Kg) And Large Satellites (>2,500 Kg)), Application (Communication, Earth Observation And Remote Sensing, Mapping And Navigation, Surveillance And Security, Meteorology, Scientific Research And Exploration, Space Observation, Exploration Of Outer Planets), End User (Commercial, Government And Defence And Dual Users (Commercial, Government And Defence)), Orbit (Into Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO), Beyond Geosynchronous Orbit)Country CoveredU.S.Market Players CoveredAirbus (U.S.), Lockheed Martin Corporation(U.S.), L3Harris Technologies Inc. (U.S.), Northrop Grumman(U.S.), SPACEX (U.S.), Raytheon Technologies Corporation(U.S.), Sierra Nevada Corporation(U.S.), BLUE ORIGIN (U.S.), VIRGIN ORBIT (U.S.), Spaceflight (U.S.), Rocket Lab USA (U.S.), Mitsubishi Heavy Industry(JAPAN), ILS (U.S.), Honeywell and Boeing (U.S.)
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U.S. Satellite Launch Services Market Scope
The satellite launch services market is segmented on the basis of type, form of energy, satellite, application, end user, orbit and country. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Small-lift launch vehicle
Medium-lift launch vehicle
Heavy-lift launch vehicle
On the basis of the rocket type, U.S. satellite launch services market is segmented into small-lift launch vehicle, medium-lift launch vehicle, heavy-lift launch vehicle and others.
Form of Energy
On the basis of the form of energy, U.S. satellite launch services market is segmented into thermodynamic rockets and electrodynamic rockets.
Cubesats (0.27–25 U)
Small Satellites (1–500 KG)
Medium Satellites (500-2,500 KG)
Large Satellites (>2,500 KG)
On the basis of the satellite, U.S. satellite launch services market is segmented into cubesats (0.27–25 u), small satellites (1–500 kg), medium satellites (500-2,500 kg) and large satellites (>2,500 kg).
Earth observation and remote sensing
Mapping and navigation
Surveillance and security
Scientific research and exploration
Exploration of outer planets
On the basis of the application, U.S. satellite launch services market is segmented into communication, earth observation and remote sensing, mapping and navigation, surveillance and security, meteorology, scientific research and exploration, space observation and exploration of outer planets
Government and defense
Dual users (commercial, government and defense)
On the basis of the end user, U.S. satellite launch services market is segmented into commercial, government and defense and dual users (commercial, government and defense).
Low Earth Orbit (LEO)
Medium Earth Orbit (MEO)
Geostationary Earth Orbit (GEO)
Beyond Geosynchronous Orbit
On the basis of the orbit, U.S. satellite launch services market is segmented into low earth orbit (LEO), medium earth orbit (MEO), geostationary earth orbit (GEO) and beyond geosynchronous orbit.
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Major TOC of the Report
U.S. Satellite Launch Services Market: Regulations
U.S. Satellite Launch Services Market, By Type
U.S. Satellite Launch Services Market, By Source
U.S. Satellite Launch Services Market, By Therapy
U.S. Satellite Launch Services Market, By Transporting Capacity
U.S. Satellite Launch Services Market, By Route of administration
U.S. Satellite Launch Services Market, By Region
U.S. Satellite Launch Services Market: Company Landscape
Get TOC of the Report:-
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