Executive Summary:

The global commercial satellite launch service market was valued at USD 6.8 billion in 2020 and is expected to grow at a CAGR of 5.5% during the forecast period of 2021-2028. The growth of the market can be attributed to the increasing demand for satellite-based services such as navigation, communication, and remote sensing.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights:

• The increasing demand for satellite-based services is a major driver of the commercial satellite launch service market.
• The development of reusable launch vehicles is expected to reduce the cost of launching satellites into orbit, which will drive the growth of the market.
• The growth of the commercial satellite launch service market is hampered by the high cost of launch services and the stringent regulatory environment.
• The Asia Pacific region is expected to witness the highest growth during the forecast period due to the increasing demand for satellite-based services and the growth of the space industry in countries such as China and India.

Market Analysis:

The commercial satellite launch service market can be segmented based on service type, payload, end-user, and geography.

Based on service type, the market can be segmented into pre-launch services, launch services, and post-launch services. Launch services account for the majority of the market share due to the high cost of launch services and the increasing demand for satellite-based services.

Based on payload, the market can be segmented into communication satellites, navigation satellites, earth observation satellites, and others. Communication satellites account for the majority of the market share due to the increasing demand for internet and television services.

Based on end-user, the market can be segmented into commercial and government. The commercial segment accounts for the majority of the market share due to the increasing demand for satellite-based services in various industries such as telecommunications, broadcasting, and agriculture.

Market Drivers:

• Increasing demand for satellite-based services
• Development of reusable launch vehicles
• Technological advancements in the space industry
• Growing demand for earth observation and remote sensing services

Market Restraints:

• High cost of launch services
• Stringent regulatory environment
• Technical complexities in satellite launching
• Limited market competition

Market Opportunities:

• Growing demand for high-speed internet services
• Increasing demand for small satellites for various applications
• Expansion of the commercial space industry

Market Dynamics:

The commercial satellite launch service market is a highly dynamic and competitive industry. The growth of the market is driven by technological advancements in the space industry, the increasing demand for satellite-based services, and the development of reusable launch vehicles. However, the high cost of launch services and the stringent regulatory environment are major challenges faced by the market.

Regional Analysis:

The commercial satellite launch service market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region is expected to witness the highest growth during the forecast period due to the increasing demand for satellite-based services and the growth of the space industry in countries such as China and India.

Competitive Landscape:

Leading companies in the Commercial Satellite Launch Service Market:

1. SpaceX
2. Arianespace
3. United Launch Alliance (Lockheed Martin Corporation and Boeing)
4. International Launch Services (Khrunichev State Research and Production Space Center)
5. China Great Wall Industry Corporation
6. Rocket Lab USA, Inc.
7. Northrop Grumman Corporation
8. Blue Origin
9. Mitsubishi Heavy Industries, Ltd.
10. Virgin Orbit

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Report Segmentation:

The commercial satellite launch service market can be segmented based on service type, payload, end-user, and geography. By service type, the market can be segmented into pre-launch services, launch services, and post-launch services. By payload, the market can be segmented into communication satellites, navigation satellites, earth observation satellites, and others. By end-user, the market can be segmented into commercial and government. Geographically, the market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Category-wise Insights:

Based on the service type, the launch services segment accounts for the majority of the market share due to the high cost of launch services and the increasing demand for satellite-based services. Based on the payload, the communication satellites segment accounts for the majority of the market share due to the increasing demand for internet and television services. Based on the end-user, the commercial segment accounts for the majority of the market share due to the increasing demand for satellite-based services in various industries such as telecommunications, broadcasting, and agriculture.

Key Benefits for Industry Participants and Stakeholders:

• Increased demand for satellite-based services
• Expansion of the commercial space industry
• Technological advancements in the space industry
• Growing demand for earth observation and remote sensing services

SWOT Analysis:

Strengths:

• Growing demand for satellite-based services
• Technological advancements in the space industry
• Expansion of the commercial space industry

Weaknesses:

• High cost of launch services
• Stringent regulatory environment
• Limited market competition

Opportunities:

• Growing demand for high-speed internet services
• Increasing demand for small satellites for various applications
• Expansion of the commercial space industry

Threats:

• Political instability and international conflicts
• Natural disasters and weather conditions
• Technical complexities in satellite launching

Market Key Trends:

• Development of reusable launch vehicles
• Growing demand for earth observation and remote sensing services
• Increasing demand for high-speed internet services

Covid-19 Impact:

The Covid-19 pandemic has had a significant impact on the commercial satellite launch service market. The outbreak has resulted in disruptions in the global supply chain and the closure of manufacturing facilities, which has impacted the production of launch vehicles and related equipment. The pandemic has also led to a reduction in demand for satellite-based services, which has affected the growth of the market. However, the increasing demand for remote sensing and communication services during the pandemic has provided opportunities for the market.

Key Industry Developments:

• SpaceX launched the Falcon 9 rocket carrying the Crew Dragon spacecraft, which marked the first time a private company launched astronauts into orbit.
• Blue Origin unveiled its lunar lander, which is designed to transport astronauts and cargo to the moon.
• Arianespace launched the first satellite for OneWeb, a company that plans to provide global internet services using a constellation of satellites.

Analyst Suggestions:

• Increasing investment in research and development to enhance launch capabilities and reduce the cost of launch services.
• Developing partnerships and collaborations to increase market competitiveness and expand the range of services offered.
• Focus on developing small satellite launch capabilities to cater to the growing demand for small satellites.

Future Outlook:

The global commercial satellite launch service market is expected to grow at a CAGR of 5.5% during the forecast period of 2021-2028. The growth of the market can be attributed to the increasing demand for satellite-based services such as navigation, communication, and remote sensing. The development of reusable launch vehicles and the expansion of the commercial space industry are expected to further drive the growth of the market. The Asia Pacific region is expected to witness the highest growth during the forecast period due to the increasing demand for satellite-based services and the growth of the space industry in countries such as China and India.

Conclusion:

The commercial satellite launch service market is a highly competitive industry that has experienced significant growth over the past few decades. The increasing demand for satellite-based services such as navigation, communication, and remote sensing, the development of reusable launch vehicles, and the expansion of the commercial space industry are major drivers of the market. However, the high cost of launch services and the stringent regulatory environment are major challenges faced by the market.

The Asia Pacific region is expected to witness the highest growth during the forecast period due to the increasing demand for satellite-based services and the growth of the space industry in countries such as China and India. To remain competitive, companies in the market should focus on investing in research and development, developing partnerships and collaborations, and developing small satellite launch capabilities to cater to the growing demand for small satellites.