Stratview Research has recently published a report on the Commercial Satellite Launch Service Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.

The market is segmented by Orbit Type (LEO, MEO, GEO, and HEO), by Size Type (Large, Medium, Small, and Micro), by Application Type (Navigation, Communication, Reconnaissance, Weather Forecasting, and Remote Sensing), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Commercial Satellite Launch Service Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Commercial Satellite Launch Service Market is expected to grow from USD 7.21 billion in 2021 to reach USD 11.88 billion by 2028 at an impressive CAGR of 7.32% during the forecast period.

Some of the companies drive the market growth:

  • Antrix Corporation Limited
  • Ariane Group
  • Boeing
  • Commercial Space Technologies Ltd.
  • COSMOS International
  • Eurockot Launch Services GmbH
  • GK Launch Services
  • ISRO
  • Lockheed Martin Corporation
  • NASA

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Segments Analysis

By Orbit Type

The market is segmented as LEO, MEO, GEO, and HEO. LEO is expected to witness significant growth rate in the market during the assessment period owing to low initial cost, less deployment time, and for providing connectivity to remote areas. 

By Region

North America is estimated to be the leading region in the market owing to the factor that the region is home to large space agencies such as NASA and SpaceX. These companies are the growth engines of the region contributing to the growing demand for commercial satellite launch service products during the assessment period. In addition, commercial investment and government initiatives promoting space research activities are further expected to fuel the market growth over the assessment period. Asia-Pacific and Europe are also expected to offer substantial growth opportunities during the assessment period.

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