Global commercial space payload market size reached USD 32.70 billion in 2021 and is expected to register a revenue CAGR of 5.6% during the forecast period. Increasing number of commercial satellite launches, rising number of space exploration missions, and rising demand for satellite data are expected to support market revenue growth during 2022-2030.
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.
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Increasing number of commercial satellite launches is a key driving factor expected to contribute to growth of commercial space payload market significantly. The use of commercial satellites has risen steadily over the decade and is mostly used for civil and government purposes. Market players are providing commercial satellite services to provide rapid response to contingency operations without having to divert other resources. In addition, commercial satellites can be further used for gathering satellite imagery. In addition, rising number of space exploration missions is further expected to drive revenue growth of market.
Emergen Research has recently published a detailed report on the global Commercial space payload Market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Commercial space payload Market through verified and validated data curated to offer accurate insights. The report also offers a region wise and country wise analysis of the Commercial space payload Market and contains a detailed analysis of the key elements influencing the growth of the market in the region. The research study also contains historical, current, and forecast estimations for each sector, segment, sub-segment, and regions.
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Companies profiled in the global Commercial Space Payload market:
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
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
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Global Commercial Space Payload Market Geographical Landscape - Synopsis:
The report closely studies the growth trajectory of the global Commercial Space Payload market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East Africa.
The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key commercial space payload market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global commercial space payload market size
2.2 Latest commercial space payload market trends
2.3 Key growth trends - Competitive Landscape
3.1 Global commercial space payload market key players
3.2 Global commercial space payload size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the commercial space payload market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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