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Space Launch Services Market in Satellite Payload Segment is Excepted to Observe High Growth Rate Over the Coming Years

Author : Ronak Bora | Published Date : 2019-04-18 

The Space Launch Services Market report add detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the industry based on product segment, technology, end user segment and region.

Based on payload, space launch services market is categorized in to satellite, human spacecraft, testing probes, cargo and stratollite. Satellite segment will observe high growth rate owing to increasing need for earth monitoring to obtain accurate & relevant information for mineral exploration, mapping, resource management and land use planning.

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Increasing importance of satellites for planetary science, space exploration, geo information, telecommunication and socio-economic development encourage the investment is satellite technology across the globe. Developing nation’s increasing interest in interplanetary technology fuels the space launch services market.

Technological advancements in planetary and interplanetary satellite carrier will improve the service quality thereby supporting industry growth. For instance, SpaceX developing ITS and Falcon Heavy launch vehicles, United launch alliance (ULA) in partnership with Blue Origin is developing BE-4 LOX/methane engine for first stage booster rocket. New technology vehicles are expected to increase the success rate and accuracy of space launch services market.

Based on orbit, low earth orbit (LEO) segment is expected to dominate the total market due to increasing spaceflights for cargo delivery to international space stations. Other segments include medium earth orbit (MEO), higher altitude orbits (HEO), geostationary earth orbit (GEO) and beyond GEO. Increasing demand for higher capacity vehicles will support the GEO segment growth.

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Asia Pacific space launch services market is driven by governments are spending on satellite technology and exploration program. Countries such as China & India strengthening their military and defense system will boost the industry revenue during forecast time frame. In 2016, China premiered 2 new rockets supporting its future line of orbital satellite carriers. China’s long march series of rocket accounted for quarter of orbital launches in 2016. High investment and continuous technology development in region drive the industry demand in Asia Pacific.

Space launch services market participants include Antrix Corporation, Arianespace, China Aerospace Science and Technology Corporation, Eurockot Launch Services, ILS, ISC Kosmotras, Mitsubishi Heavy Industries, Orbital, ATK, SpaceX, Starsem, ULA.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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