The U.S. satellite launch services market, led by industry giants SpaceX, United Launch Alliance, and Northrop Grumman, boasts a resilient infrastructure for diverse satellite applications. Critical for national security, scientific exploration, and commercial interests, these services have driven the U.S. into a global leadership position. Renowned for successful launches, the market draws both domestic and international clients. Amid increasing demand for satellite connectivity and Earth observation, the U.S. retains a pivotal role, contributing significantly to the broader space industry by fostering communication, navigation, and scientific research progress.
Data Bridge Market Research analyses that the U.S. Satellite Launch Services Market will grow at a CAGR of 16.2% during the forecast period of 2022 to 2030.
"Increase in number of small satellite and testing probe launches to drive the market growth"
The surge in small satellite and testing probe launches reflects a positive trend driven by technological advancements. Miniaturization, due to technological progress, has permeated various industries, including the space sector. This reduction in device and equipment size enhances efficiency and functionality. As a result, the space industry experiences heightened market growth. The ability to deploy smaller satellites and testing probes signifies increased accessibility and cost-effectiveness, fostering innovation and expanding opportunities for scientific research, communication, and Earth observation in space exploration and thus drives the satellite launch services market.
What restraints the growth of the U.S. satellite launch services market?
" High cost hamper the market growth"
The high cost associated with satellite launches significantly impedes market growth. These excessive expenses create barriers for new players, limiting the accessibility of space exploration. High launch costs inhibit innovation, as companies and organizations face financial constraints in deploying satellites for various purposes. This economic barrier restricts the satellite market's expansion and diversification, hindering communication advancements.
Segmentation: U.S. Satellite Launch Services Market
The U.S. satellite launch services market is segmented on the basis of type, form of energy, satellite, application, end user, and orbit.
- On the basis of the rocket type, the U.S. satellite launch services market is segmented into small-lift launch vehicle, medium-lift launch vehicle, heavy-lift launch vehicle, and others
- On the basis of the form of energy, U.S. satellite launch services market is segmented into thermodynamic rockets and electrodynamic rockets
- On the basis of the satellite, the U.S. satellite launch services market is segmented into cubesats (0.27–25 u), small satellites (1–500 kg), medium satellites (500-2,500 kg), and large satellites (>2,500 kg)
- On the basis of the application, the U.S. satellite launch services market is segmented into communication, earth observation and remote sensing, mapping and navigation, surveillance and security, meteorology, scientific research and exploration, space observation and exploration of outer planets
- On the basis of the end user, the U.S. satellite launch services market is segmented into commercial, government and defense and dual users (commercial, government and defense)
- On the basis of the orbit, the U.S. satellite launch services market is segmented into low earth orbit (LEO), medium earth orbit (MEO), geostationary earth orbit (GEO) and beyond geosynchronous orbit
Recent Developments: U.S. Satellite Launch Services Market
- In February 2022, Rocket Lab USA, Inc. completed its second orbital launch pad at Launch Complex 1, marking its third dedicated pad for the Electron rocket. This expansion enhances commercial launch capabilities, generating increased capital and attracting diverse global projects, thereby bolstering the US satellite launch services market
- In September 2021, Honeywell International Inc. launched two products, the X Band Downlink Transmitter and Optical Communication Terminal, broadening its satellite launch services portfolio for the burgeoning small-satellite market. These additions strengthen the company's potential, paving the way for increased revenue and market share capture
To know more about the study, visit https://www.databridgemarketresearch.com/reports/us-satellite-launch-services-market
The Prominent Key Players Operating in the U.S. Satellite Launch Services Market Include:
- Airbus (U.S.)
- Lockheed Martin Corporation(U.S.)
- L3Harris Technologies Inc. (U.S.)
- Northrop Grumman(U.S.)
- SPACEX (U.S.)
- Raytheon Technologies Corporation(U.S.)
- Sierra Nevada Corporation(U.S.)
- BLUE ORIGIN (U.S.)
- VIRGIN ORBIT (U.S.)
- Spaceflight (U.S.)
- Rocket Lab USA (U.S.)
- Mitsubishi Heavy Industry(Japan)
- ILS (U.S.)
- Honeywell and Boeing (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of U.S. satellite launch services market companies, contact: https://www.databridgemarketresearch.com/contact
Research Methodology: U.S. Satellite Launch Services Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
