Summary
The global Space Launch System Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
The space launch system or better known as the space launch system (SLS) is a set of vehicles and technologies which aims to test new approaches in space technology. Amongst the many technologies that make up the space launch system is the spacecraft, launch vehicle, upper stage, payload fairing structure, propulsion system, and the ground support equipment. The global space launch system market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global space launch system market is expected to witness significant growth during the forecast period, owing to significant investments by venture companies leading to rising space exploration missions.
Market Drivers
Increasing deployment of small satellites is expected to drive growth of the global space launch system market during the forecast period. Small satellites offer numerous advantages including reduction in cost, cheaper launch vehicles, and can be launched in multiples. Besides, small satellites do not require larger rockets with greater thrust. These satellites are typically used for gathering scientific data, radio relay, navigation, and more. For instance, in January 2021, SpaceX, a U.S.-based space transportation service company, launched 143 small satellites carried by its Falcon 9 rocket in a single mission. Hence, such factors are expected to drive growth of the global space launch system market growth over the forecast period.
Market Restraint
Lack of measures for disposal of orbital debris is expected to hamper the global space launch system market growth over the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global space launch system market during the forecast period. This is owing to the presence of major aerospace and space transportation companies such as SpaceX, Boeing Co, and Lockheed Martin in the region. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to increasing space launches from India and China.
Competitive Section
Major companies involved in the global space launch system market are Airbus Defence and Space, Inmarsat, Lockheed Martin, BAE Systems, Elbit Systems, Boeing Company, Leonardo, and Israel Aerospace Industries.
For instance, in February 2021, Airbus Defence and Space entered into a US$ 790 million contract with the European Space Agency (ESA) to produce three more service modules for NASA’s Orion crewed spacecraft.
The Space Launch System Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Space Launch System Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Airbus Defence and Space
- BAE Systems
- Boeing Co.
- Elbit Systems
- Inmarsat
- Israel Aerospace Industries (IAI)
- Leonardo
- Lockheed Martin
By the Product Type, the market is primarily segmented into:
- Geostationary Orbit (GEO)
- Medium Earth Orbit (MEO)
- Low Earth Orbit (LEO)
- Sun-synchronous Orbit (SSO)
By Applications, the market is segmented into:
- Mobile Satellite Services
- Fixed Satellite Services
- Broadcast Satellite Services
- Earth Imaging Services
- Meteorology Services
- Mapping & Monitoring Services
- Others
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Space Launch System Market Report:
- To assess the size of the market by value and volume
- Analyze the Space Launch System Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Space Launch System Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Space Launch System Market
The Space Launch System Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Space Launch System Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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