Commercial Satellite Launch Service Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
The Global Commercial Satellite Launch Service Market was valued at USD 7.2 billion in 2023, with projections indicating a CAGR of 13.2% from 2024 to 2032. This growth is primarily driven by the increasing dependence on satellite-based communication systems, particularly for internet access in remote and underserved regions. The significance of satellite connectivity is particularly notable in efforts to bridge the global digital divide. In areas where traditional infrastructure, such as fiber optics and cellular towers, is difficult or expensive to install, satellite communication provides a viable solution. The rising demand for connectivity in rural and isolated locations is pushing investments into satellite launch services as stakeholders recognize the need for effective solutions to deliver high-speed internet access.
The market can be segmented based on orbit types, including Geostationary Orbit (GEO), Medium Earth Orbit (MEO), and Low Earth Orbit (LEO). Among these, the LEO segment is projected to experience the highest growth, with a CAGR exceeding 13% throughout the forecast period. The need for rapid internet access in hard-to-reach areas is driving significant investment in LEO satellite networks, which promise enhanced speed and connectivity. As these networks become operational, they are anticipated to attract a larger customer base, subsequently increasing the number of commercial satellite launches required to expand both capacity and coverage.
Furthermore, the market can also be categorized by launch type into single-use (expendable) and reusable systems. The single-use segment currently dominates the market, expected to generate over USD 15 billion in revenue by 2032. Expendable launch vehicles (ELVs) are often viewed as more reliable for specific missions, especially when carrying larger payloads. Their established technology and proven track records make them the preferred choice for critical missions, both commercial and governmental, that prioritize high performance and safety. North America led the global market for commercial satellite launch services, holding over 35% share in 2023. The growing need for global connectivity, encompassing broadband internet access and the Internet of Things (IoT), has driven the deployment of communication satellites.This heightened demand significantly contributes to the requirement for commercial satellite launch services. Additionally, the U.S. government is increasingly utilizing these services for national security applications, further bolstering market growth.
The market can be segmented based on orbit types, including Geostationary Orbit (GEO), Medium Earth Orbit (MEO), and Low Earth Orbit (LEO). Among these, the LEO segment is projected to experience the highest growth, with a CAGR exceeding 13% throughout the forecast period. The need for rapid internet access in hard-to-reach areas is driving significant investment in LEO satellite networks, which promise enhanced speed and connectivity. As these networks become operational, they are anticipated to attract a larger customer base, subsequently increasing the number of commercial satellite launches required to expand both capacity and coverage.
Furthermore, the market can also be categorized by launch type into single-use (expendable) and reusable systems. The single-use segment currently dominates the market, expected to generate over USD 15 billion in revenue by 2032. Expendable launch vehicles (ELVs) are often viewed as more reliable for specific missions, especially when carrying larger payloads. Their established technology and proven track records make them the preferred choice for critical missions, both commercial and governmental, that prioritize high performance and safety. North America led the global market for commercial satellite launch services, holding over 35% share in 2023. The growing need for global connectivity, encompassing broadband internet access and the Internet of Things (IoT), has driven the deployment of communication satellites.This heightened demand significantly contributes to the requirement for commercial satellite launch services. Additionally, the U.S. government is increasingly utilizing these services for national security applications, further bolstering market growth.
Report Content
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry synopsis, 2021-2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Increasing demand for satellite connectivity
3.6.1.2 Adoption of earth observation and remote sensing properties
3.6.1.3 Technological advancements in launch systems
3.6.1.4 The expansion of the global navigation systems
3.6.1.5 Expansion of satellite internet services
3.6.2 Industry pitfalls & challenges
3.6.2.1 Launching satellites into space is a costly endeavor
3.6.2.2 Technical challenges can lead to delays in launch schedules
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY ORBIT, 2021-2032 (USD MILLION)
5.1 Key trends
5.2 GEO
5.3 MEO
5.4 LEO
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY PAYLOAD, 2021-2032 (USD MILLION)
6.1 Key trends
6.2 Below 2000 kg
6.3 2,000kg to 20,000 kg
6.4 > 20,000 to 50,000 kg
6.5 > 50,000 kg
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY LAUNCH, 2021-2032 (USD MILLION)
7.1 Key trends
7.2 Single use/ expendable
7.3 Reusable
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021-2032 (USD MILLION)
8.1 Key trends
8.2 Communication
8.3 Earth observation
8.4 Technology development
8.5 Navigation
8.6 Space science
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY REGION, 2021-2032 (USD MILLION)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Australia
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.6 MEA
9.6.1 South Africa
9.6.2 Saudi Arabia
9.6.3 UAE
CHAPTER 10 COMPANY PROFILES
10.1 AADYAH Aerospace
10.2 ABL Space Systems
10.3 AgniKul Cosmos
10.4 Airbus
10.5 Antrix
10.6 ArianeGroup
10.7 Astra
10.8 Blue Origin
10.9 Boeing
10.10 Exolaunch
10.11 ISRO
10.12 Lockheed Martin
10.13 Maritime Launch Services
10.14 Maxar Technologies
10.15 Northrop Grumman
10.16 Relativity Space
10.17 Rocket Lab
10.18 Skyrora
10.19 SpaceX
10.20 United Launch Alliance
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry synopsis, 2021-2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Increasing demand for satellite connectivity
3.6.1.2 Adoption of earth observation and remote sensing properties
3.6.1.3 Technological advancements in launch systems
3.6.1.4 The expansion of the global navigation systems
3.6.1.5 Expansion of satellite internet services
3.6.2 Industry pitfalls & challenges
3.6.2.1 Launching satellites into space is a costly endeavor
3.6.2.2 Technical challenges can lead to delays in launch schedules
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY ORBIT, 2021-2032 (USD MILLION)
5.1 Key trends
5.2 GEO
5.3 MEO
5.4 LEO
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY PAYLOAD, 2021-2032 (USD MILLION)
6.1 Key trends
6.2 Below 2000 kg
6.3 2,000kg to 20,000 kg
6.4 > 20,000 to 50,000 kg
6.5 > 50,000 kg
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY LAUNCH, 2021-2032 (USD MILLION)
7.1 Key trends
7.2 Single use/ expendable
7.3 Reusable
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021-2032 (USD MILLION)
8.1 Key trends
8.2 Communication
8.3 Earth observation
8.4 Technology development
8.5 Navigation
8.6 Space science
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY REGION, 2021-2032 (USD MILLION)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Australia
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.6 MEA
9.6.1 South Africa
9.6.2 Saudi Arabia
9.6.3 UAE
CHAPTER 10 COMPANY PROFILES
10.1 AADYAH Aerospace
10.2 ABL Space Systems
10.3 AgniKul Cosmos
10.4 Airbus
10.5 Antrix
10.6 ArianeGroup
10.7 Astra
10.8 Blue Origin
10.9 Boeing
10.10 Exolaunch
10.11 ISRO
10.12 Lockheed Martin
10.13 Maritime Launch Services
10.14 Maxar Technologies
10.15 Northrop Grumman
10.16 Relativity Space
10.17 Rocket Lab
10.18 Skyrora
10.19 SpaceX
10.20 United Launch Alliance
