DUBLIN--(BUSINESS WIRE)--The "Space Launch Services - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Space Launch Services Market is accounted for $9.68 billion in 2017 and expected to grow at a CAGR of 16% to reach $36.99 billion by 2026.
Demand for Commercial Non-Geostationary Satellite Orbit (NGSO) Launches, small satellites, advancements in Reusable Launch Vehicle (RLV) technology, increase in space exploration missions are few factors impacting the market growth.
The trend toward manufacturers forming consolidated service companies are also involved in the emergence of new international satellite communications services along with changing regulatory framework, demand for micro-launcher compatible payload delivery, new entrants in the satellite business want quick access to space as well as institutions are backing the development of micro-launchers which will greatly impact the market.
The limited availability of appropriate launch systems will curb the deployment pace of small satellites. However, lack of operational measures for the disposal of orbital debris and limited intellectual resources and lack of skilled workforce pose challenge for industry.
North America is projected to dominate the market owing to the increasing demand for launch services for satellites, human spacecraft, and space probes. Furthermore, increased investments in space exploration missions are driving the region. Asia Pacific is projected to grow at the highest CAGR during the forecast period due to innovation in the commercial launch sector. China launched 2 new rockets supporting orbital satellite carriers.
- China Great Wall Industry
- ILS International Launch Services
- Lockheed Martin
- Space International Services
- Mitsubishi Heavy Industries
- Orbital ATK
- United Launch Services (ULS)
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