U.S. Satellite Launch Services Market – Industry Trends and Forecast to 2032

 Market Analysis and Insights

The satellite launch services market is associated with the process and stages of carrying out the satellite via rocket or reusable launch vehicle by satellite launch service providers. It can consists of a series of stages to obtain the final result such as ordering, negotiation between client and service provider, selection of launch facility, stacking and assembly, integration of payload, and launch. The entry of private launch service providers resulted into decrease in the launch cost and new technologies marking a new phase in the market.

In current times, the importance of satellite launch services has grown drastically and the growth in satellite launch services market has been highly fuelled by the advent of reusable launch vehicles services to reduce overall cost of the launch and the increasing demand in the number of small satellites for application such as communication and earth observation services. Data Bridge Market Research analyses that the satellite launch services market will grow at a CAGR of 16.2% during the forecast period of 2022 to 2032.

Satellite Launch Services Market Dynamics

Drivers

• Increase in number of small satellite and testing probe launches

Increase in number of small satellite and testing probe has a positive impact, due to the technological advancement which has made it possible to reduce the size of many devices and equipment, as miniaturisation has affected all industries, including space industry and is hoisting the market growth.

• Growing demand for satellite IOT & M2M services

The Internet of Things (IoT) is described as a devices that are connected through the internet services. Because of pervasive coverage offered by satellites around the globe, satellite data is considered ideal for remote IoT applications and its optimum running which is is providing is one of the huge factor for the market growth.

• Surge in demand for satellite communication and earth observation services

Satellite communication provide operator an advantage to get in contact with any person across the earth and earth observation satellites are specifically designed satellites for monitoring earth, giving upper hand on  natural calamities & disasters. This factor is expected to drive the market growth.

• Advent of reusable launch services to reduce cost

A Reusable Launch can launch a satellite in the space multiple times without been decommissioned to the service. This allow satellite operator to get satellite service at lower cost and because of this the number of satellite launch is and will grow year by year giving a reason to market growth.

Opportunities

• Growth in air launch services capabilities for small satellite and payloads

Air launch is a method of launching payloads into outer space, the improvement in the technology and excellent success rate of air launch system over ground launch which is expected to provide lucrative opportunity for the growth of the market.

Restraints/Challenges

However, the high cost associated with satellite launch and the hidden cost of launch services such as minimizing the extra weight, launch rating cost, government approval, setting up launch location, relaying & enhancing COM systems even after the improvement of technology in satellite system is the biggest concern for operators hence is a major restraining factor for the satellite launch services market. The launch also emit hazardous gases during launching process, carbon dioxide being one of it. Carbon dioxide is a greenhouse gas, responsible for causing climate change by trapping heat, extreme weather, food supply disruptions and increased wildfires. Other than environmental issues, the limitation in the propulsion technology of the rocket system is also limiting the potential of satellite launch service. Thus, above mentioned reasons is hampering the growth of satellite launch services market.

Covid-19 Impact on Satellite Launch Services Market

The COVID-19 has negatively affected the satellite launch services market. Lockdowns and isolation during pandemics has not only complicate the supply chain management, but slowed the rate of testing, development and launching of pre-determined satellite launches. This has led to delay of many mission offered by the launch service providers. But with the betterment of the situation across the globe the testing and development has catch the required phase, yet there is no denial that the satellite launch services market has suffered heavily due to COVID-19.

Recent Developments

• In February 2022, Rocket Lab USA, Inc. has announced the completion of its second orbital launch pad at Launch Complex 1. This is company’s third dedicated pad for its Electron rocket which will provide company an additional arm for commercial launch generating more capital and more project form different global operator. Thus this boost the US satellite launch services market.
• In September 2021, Honeywell International Inc. has launched two new product which are Honeywell’s X Band Downlink Transmitter and Optical Communication Terminal (OCT), to expand its Product Offering for Satellite Launch Services in Rapidly-Growing Small-Satellite Market. These product will boost company potential and in return company will gain more revenue capturing more market portion.

U.S. Satellite Launch Services Market Scope

The satellite launch services market is segmented on the basis of type, form of energy, satellite, application, end user, orbit and country. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Rocket Type

• Small-lift launch vehicle
• Medium-lift launch vehicle
• Heavy-lift launch vehicle
• Others

On the basis of the rocket type, U.S. satellite launch services market is segmented into small-lift launch vehicle, medium-lift launch vehicle, heavy-lift launch vehicle and others.

Form of Energy

• Thermodynamic rockets
• Electrodynamic rockets

On the basis of the form of energy, U.S. satellite launch services market is segmented into thermodynamic rockets and electrodynamic rockets.

Satellite

• Cubesats (0.27–25 U)
• Small Satellites (1–500 KG)
• Medium Satellites (500-2,500 KG)
• Large Satellites (>2,500 KG)

On the basis of the satellite, 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).

Application

• Communication
• Earth observation and remote sensing
• Mapping and navigation
• Surveillance and security
• Meteorology
• Scientific research and exploration
• Space observation
• Exploration of outer planets

On the basis of the application, 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

End User

• Commercial
• Government and defense
• Dual users (commercial, government and defense)

On the basis of the end user, U.S. satellite launch services market is segmented into commercial, government and defense and dual users (commercial, government and defense).

 Orbit

• Low Earth Orbit (LEO)
• Medium Earth Orbit (MEO)
• Geostationary Earth Orbit (GEO)
• Beyond Geosynchronous Orbit

On the basis of the orbit, 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.

Competitive Landscape and Satellite Launch Services Market Share Analysis

The satellite launch services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to satellite launch services market.

Some of the major players operating in the satellite launch services market are Airbus, Lockheed Martin Corporation, L3Harris Technologies, Inc., Northrop Grumman, SPACEX, Raytheon Technologies Corporation, Sierra Nevada Corporation, BLUE ORIGIN, VIRGIN ORBIT, Spaceflight, Rocket Lab USA, Mitsubishi Heavy Industry, ILS, Honeywell and Boeing among others

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