Aug 20, 2019   SOURCE: PR NewsWire

Global Satellite Launch Vehicle Market is Expected to Reach $2.9 Billion by 2026

HYDERABAD, India, Aug. 20, 2019 /PRNewswire/ -- According to Stratistics MRC, the Global Satellite Launch Vehicle Market is accounted for $2.0 billion in 2017 and is expected to reach $2.9 billion by 2026 growing at a CAGR of 4.2%

Some of the key players profiled in the Satellite Launch Vehicle market include Bristol Spaceplanes, Kelly Space & Technology, Mitsubishi Heavy Industries, ARCA Space, E Prime Aerospace, Lockheed Martin, Northrop Grumman Corporation, Blue Origin, Eurockot Launch Service, Virgin Galactic, SpaceX, Boeing Space and Communications, Indian Space Research Organisation (ISRO) and Scaled Composites LLC.

Growing remote sensing applications is one of the major factor fuelling market growth. However, regulatory norms restricting the knowledge and resources sharing of technologies related to the launch owing to mission-critical applications are restricting the market growth.

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Satellites are launched into earth's orbits via launch vehicles. Launch Vehicles are used to carry spacecraft to space. The launch system consists of the launch pad, the launch vehicle, and other infrastructure. Launch vehicles are classified based on the amount of mass carried into the orbit and the number of stages. They use boosters to supply early thrust and reduce the mass of further stages, thus allowing for larger payloads to be carried into the orbit.

Based on Orbits, GEO orbit segment accounted for steady growth in satellite launch vehicle market owing to the growing deployment of small size communication satellites. The geostationary orbit is an area in space which allows a satellite to remain in orbit over a single point of the earth's surface.

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By Geography, Asia Pacific satellite launch vehicle market share will witness substantial growth over the forecast period due to rising focus on interplanetary missions and a high number of follow-on missions scheduled.

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Orbits Covered:

    --  Sun-Synchronous Orbit (SSO)
    --  Medium Earth Orbit (MEO)
    --  Low Earth Orbit (LEO)
    --  Geosynchronous Orbit (GEO)

Number of Payloads Covered:

    --  Primary Only
    --  6 to 10
    --  2 to 5

Launch Activity Covered:

    --  Non-Commercial
    --  Commercial

Applications Covered:

    --  Research & Development
    --  Navigation
    --  Communication
    --  Scientific
    --  Meteorology
    --  Earth Observation
    --  Remote Sensing

Regions Covered: 

    --  North America
        --  US
        --  Canada
        --  Mexico
    --  Europe
        --  Germany
        --  France
        --  Italy
        --  UK
        --  Spain
        --  Rest of Europe
    --  Asia Pacific
        --  Japan
        --  China
        --  India
        --  Australia
        --  New Zealand
        --  South Korea
        --  Rest of Asia Pacific
    --  South America
        --  Argentina
        --  Brazil
        --  Chile
        --  Rest of South America
    --  Middle East & Africa
        --  Saudi Arabia
        --  UAE
        --  Qatar
        --  South Africa
        --  Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC

We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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SOURCE Stratistics Market Research Consulting Pvt Ltd