Global Small Satellite Launch Service Market Overview
Small satellites are satellites of low mass and size mainly below 500 kg. The space launch services market is related to the events carried out by space launch service workers. It includes a series of activities such as ordering, conversion, construction, stacking and assembly, integration of payload, and launch. The entry of private launch service providers has resulted in the introduction of new technologies and a reduction in the launch cost, thereby creating a new phase in the market. Small-satellite launch service market accounted for US$ 7.8 billion in 2019 and is estimated to be US$ 24.9 billion by 2029 and is anticipated to register a CAGR of 12.4%.
Impact of Covid-19 pandemic on market
The outbreak of the coronavirus crisis has affected the space industry. In addition, global space associated events such as satellite 2020, sea air space, CABSAT, SMi Small Satellites Conference, and many others, have either been canceled or rescheduled. For example, Data. Space event in Scotland has been rescheduled to February 26, 2021. Further, AIxSPACE and space tech expo events that were planned in Montreal and California have also been rescheduled to November 2020 & July 2020 respectively. Nevertheless, despite the current situation, few companies are vigorously planning to launch their satellite. This report will quantify the impact of this pandemic on the small-satellite launch service market.
Global Small Satellite Launch Service Market Dynamics
Rising deployment of small satellites to propel growth
SpaceX, a prominent aerospace company, recently declared that it has scheduled the launch of 30 rockets from the period of 2020 to 2021. Such an effort is estimated to drive the small-satellite industry. These launches are cost-operative and easier as compared to the earlier launches that were conventional. One of the key factors of launching small satellites is that they can carry out regular missions for the International Space Station (ISS) as well as for the U.S. military. Hence, the increasing deployment of small satellites, such as CubeSat, is expected to fuel the space launch services market growth in the coming years.
Scientific and programmatic risks involved in the production of small satellites
Growth in the number of private competitors in the small satellite market has resulted in a decline in dependence on governments for investments. Though this has opened numerous investment opportunities but has also increased the risk of failures due to negligence in the development process. These companies schedule shorter development span and low cost of production of small satellites without a detailed analysis. This results in a higher risk of launch failures. Satellite development requires a detailed understanding of practical analysis as well as numerical modeling, and any fault in the loop leads to failure of the launch mission. The speedy launch of the next mission is one way of justifying the failure.
Global Small Satellite Launch Service Market Segmentation
Small-satellite launch service market is segmented based on payload, launch platform, orbit type, launch vehicle, end-user, and region.
On the basis of the payload, the small-satellite launch service market is segmented into satellite (small (less than 1,000 kg) and large (above 1,000 kg), human spacecraft, cargo, testing probes, and stratollite. Based on the launch platform, the target market is segmented into land, air, and sea. Based on the orbit type, the target market is segmented into LEO, MEO, GEO, and Beyond GEO. Based on the launch vehicle, the target market is segmented into small (less than 300tons) and heavy (above 300 tons). Based on the end-user, the target market is segmented into government & military and commercial.
Regional Insights:
In the region, the small-satellite launch service market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for the largest market in the space launch services and is estimated to dominate over the forecast period. Increasing research and development activities along with growing space programs by NASA to launch technologically advanced space services is driving the growth of the target market in this region. Asia-pacific is also projected to grow at the highest CAGR over the forecast period, owing to the high demand for space launch services from countries including India, China, and Japan. Further, due to the increasing demand for space research programs, the space research budget of these countries is also increasing. In Europe, satellite launch services are the second-highest area of space-manufacturing activity, which is likely to propel the European space industry.
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Attribute |
Details |
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The base year for estimation |
2019 |
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Forecast period |
2019 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2019 – 2029 |
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Market Segmentation |
By Payload - Satellite (Small (less than 1,000 kg) and Large (Above 1,000 kg), Human Spacecraft, Cargo, Testing Probes, and Stratollite By Launch Platform - Land, Air, and Sea By Orbit Type – LEO, MEO, GEO, and Beyond GEO By Launch Vehicle– Small (less than 300tons) and Heavy (above 300 tons) By End-user– Government & Military and Commercial |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the small-satellite launch service market report based on payload, orbit type, launch vehicle, end-user, and region.
Small-satellite Launch Service Market, By Payload:
- Satellite
- Small (less than 1,000 kg)
- Large (Above 1,000 kg)
- Human Spacecraft
- Cargo
- Testing Probes
- Stratollite
Small-satellite Launch Service Market, By Launch Platform:
- Land
- Air
- Sea
Small-satellite Launch Service Market, By Orbit Type:
- LEO
- MEO
- GEO
- Beyond GEO
Small-satellite Launch Service Market, By Launch Vehicle:
- Small (less than 300tons)
- Heavy (above 300 tons)
Small-satellite Launch Service Market, By End-user:
- Government & Military
- Commercial
Small-satellite Launch Service Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Small Satellite Launch Service Market Key Players
The key players operating in the small-satellite launch service market includes Antrix Corporation Ltd., Mitsubishi Heavy Industries, Space Exploration Technologies Corp (SPACEX), The Boeing Company (United Launch Alliance), AIRBUS S.A.S (Arianespace), Safran (Arianespace), State Space Corporation ROSCOSMOS, Lockheed Martin Corp. (United Launch Alliance), Rocket Lab USA, S7 Space (Sea Launch), and Starsem. The most implemented strategies by key market players are partnership, contracts, and joint ventures to stay competitive in the space launch services market. For instance, in May 2020, A United Launch Alliance (ULA) Atlas V 501 rocket carrying the USSF-7 mission for the U.S. Space Force launched Complex-41. This marks the 84th successful launch of an Atlas V rocket, 139th launch for ULA, the second launch for the U.S. Space Force, and the sixth flight of the X-37B Orbital Test Vehicle (OTV-6).
Global Small Satellite Launch Service Market Company Profile
- Antrix Corporation, Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Mitsubishi Heavy Industries
- Space Exploration Technologies Corp (SpaceX)
- The Boeing Company (United Launch Alliance)
- AIRBUS S.A.S (Arianespace)
- Safran (Arianespace)
- State Space Corporation ROSCOSMOS
- Lockheed Martin Corp. (United Launch Alliance)
- Rocket Lab USA
- S7 Space (Sea Launch)
- Starsem
“*” marked represents similar segmentation in other categories in the respective section
Global Small Satellite Launch Service Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Small-satellite Launch Service Strategies
- Key Questions this Study will Answer
- Market Snippet, By Payload
- Market Snippet, By Launch Platform
- Market Snippet, By Orbit Type
- Market Snippet, By Launch Vehicle
- Market Snippet, By End-user
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Payload, 2019 – 2029, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Satellite
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Small (less than 1,000 kg)
- Large (Above 1,000 kg)
- Human Spacecraft
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Cargo
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Testing Probes
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Stratollite
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Market Segmentation, By Launch Platform, 2019 – 2029, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Land
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Air
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Sea
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Market Segmentation, By Orbit Type, 2019 – 2029, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- LEO
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- MEO
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- GEO
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Beyond GEO
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Market Segmentation, By Launch Vehicle, 2019 – 2029, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Small (less than 300tons)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Heavy (above 300 tons)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Market Segmentation, By End-user, 2019 – 2029, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Government & Military
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Commercial
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Market, By Region, 2019 – 2029, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Payload, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Launch Platform, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Orbit Type, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Launch Vehicle, 2019 – 2029
- Market Size and Forecast (US$ Bn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Payload, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Launch Platform, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Orbit Type, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Launch Vehicle, 2019 – 2029
- Market Size and Forecast (US$ Bn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Payload, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Launch Platform, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Orbit Type, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Launch Vehicle, 2019 – 2029
- Market Size and Forecast (US$ Bn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Payload, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Launch Platform, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Orbit Type, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Launch Vehicle, 2019 – 2029
- Market Size and Forecast (US$ Bn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Payload, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Launch Platform, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Orbit Type, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Launch Vehicle, 2019 – 2029
- Market Size and Forecast (US$ Bn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Antrix Corporation Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Mitsubishi Heavy Industries
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Space Exploration Technologies Corp (SPACEX)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- The Boeing Company (United Launch Alliance)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- AIRBUS S.A.S (Arianespace)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Safran (Arianespace)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- State Space Corporation ROSCOSMOS
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Lockheed Martin Corp. (United Launch Alliance)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Rocket Lab USA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- S7 Space (Sea Launch)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Starsem
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Antrix Corporation Ltd.
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global small-satellite launch service market is segmented based on payload, launch platform, orbit type, launch vehicle, end-user, and region.
Rising deployment of small satellites to propel growth is the major driver which drives the market.
North America accounts for the largest market in the space launch services and is estimated to dominate over the forecast period. Increasing research and development activities along with growing space programs by NASA to launch technologically advanced space services is driving the growth of the target market in this region.
The key players operating in the global small-satellite launch service market includes Antrix Corporation Ltd., Mitsubishi Heavy Industries, Space Exploration Technologies Corp (SPACEX), The Boeing Company (United Launch Alliance), AIRBUS S.A.S (Arianespace), Safran (Arianespace), State Space Corporation ROSCOSMOS, Lockheed Martin Corp. (United Launch Alliance), Rocket Lab USA, S7 Space (Sea Launch), and Starsem.