Rising demand for automation The report analyzes the leading players The report analyzes the leading players of the global Commercial Space Payload market by inspecting their market share, recent developments, new product launches, partnerships, mergers, or acquisitions, and their target markets. This report also includes an exhaustive analysis of their product profiles to explore the products and applications their operations are concentrated on in the global Commercial Space Payload market.
In addition, rapid advancements in Reusable Launch Vehicle (RLV) technology are further expected to increase demand for space missions and thereby propel revenue growth of commercial space payload market. RLVs can significantly reduce cost of space missions. Conventional rockets such as Polar Satellite Launch Vehicle (PSLV) and Geosynchronous Satellite Launch Vehicle (GSLV) are burned out and discarded when it re-enters the atmosphere after being launched once. RLVs can be reused to launch multiple payloads into Earth\'s orbit, significantly reducing space debris, and thereby is expected to accelerate revenue growth of market during the forecast period.
Increasing number of commercial satellite launches, rising number of space exploration missions, and rising demand for satellite data are key factors driving revenue growth of market
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Some Key Highlights From the Report
- Human spacecraft segment revenue is expected to expand at a substantially rapid CAGR during the forecast period due to rising demand for space tourism and manned space missions
- Low Earth Orbit (LEO) segment is expected to register a significantly robust revenue growth rate over the forecast period due to lowering launch costs which is expected to reduce cost of manufacturing spacecraft, ground equipment, and user equipment
- North America is expected to register a steady revenue growth rate in commercial space payload market over the forecast period than other regional markets due to robust presence of international and domestic enterprises involved in making of commercial space payloads, such as Space Exploration Technologies Corporation (SpaceX), Air Products Inc., The Boeing Company, United Launch Alliance, LLC., International Launch Services, Inc., and Blue Origin, LLC, among others in countries in the region.
- Some major companies in the global market report include Space Exploration Technologies Corporation (SpaceX), Spaceflight Industries, Inc., The Boeing Company, United Launch Alliance, LLC., International Launch Services, Inc., Blue Origin, LLC, Mitsubishi Heavy Industries Ltd., Arianespace S.A., China Great Wall Industry Corporation., Antrix Corporation Limited., International Space Company Kosmotras, Orbital Sciences Corporation, Paragon Space Development Corporation, and Sierra Nevada Corporation
- In November 2021, Spaceflight Industries, Inc. launched 13 customer payloads into two separate orbits for the first time. After being launched by SpaceX\'s Falcon 9 rocket, Orbital Transfer Vehicles (OTV) will first place four microsatellites and five CubeSats in Sun Synchronous Orbit (SSO), and then travel 500 kilometers to deploy remaining four CubeSats in a different orbit.
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Emergen Research has segmented global commercial space payload market on the basis of application, payload, orbit, and region:
- Application Outlook (Revenue, USD Billion; 2019–2030)
- Communication
- Earth Observation and Remote Sensing
- Space Exploration
- Surveillance and Reconnaissance
- Payload Outlook (Revenue, USD Billion; 2019–2030)
- Small Satellite
- Nanosatellite
- Microsatellite
- Minisatellite
- Medium Satellite
- Large Satellite
- Human Spacecraft
- Orbit Outlook (Revenue, USD Billion; 2019–2030)
- Low Earth Orbit (LEO)
- Medium Earth Orbit (MEO)
- Geosynchronous Orbit
- Polar Orbit
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
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Table of Contents:
Chapter 1 includes an introduction of the global Keyword Market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
In Chapter 4, our team has fragmented the Keyword market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
Chapters 5 and 6 have laid emphasis on the Keyword market segmentation based on product type and application
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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