Commercial Satellite Launch Service Market Size, Share and Industry Analysis, By Orbit (LEO, MEO, and GEO), By Payload (Below 200 kg, Between 200 kg to 500kg, and Above 500 kg), By Size Type (Micro, Small, Medium, and Large), By Application (Navigation, Communication, Reconnaissance, Weather Forecasting, and Remote Sensing), and Regional Forecast, 2024-2032

The global Commercial Satellite Launch Service Market is undergoing notable growth, with a substantial CAGR expected during the forecast period leading up to 2032. Commercial satellite launch service refers to the business of providing launch vehicles and associated services to launch satellites into space. Private companies provide these services to a diverse range of clients, including government agencies, commercial satellite operators, research institutions, and other entities that require the placement of satellites in specific orbits.

Commercial satellite launch services offer significant advantages, including prompt response capabilities for emergency operations, enhancing existing satellite systems such as Wideband Global SATCOM (WGS), and enhancing cost-effectiveness through reusable rockets and enhanced payload capacity. Furthermore, the industry's focus on miniaturization and the rise of small satellites, such as CubeSats and SmallSats are improving access to satellite launches. These services guarantee the reliable deployment of government and military entities, facilitating communication, reconnaissance, surveillance, and intelligence operations. Moreover, the diverse applications of satellite technology, from high-resolution imaging to disaster management and the expansion of global internet connectivity through satellite constellations, highlight the broad utility and significance of commercial satellite launch services.

There is a significant demand for satellite-based services, such as telecommunications, earth observation, navigation, and remote sensing, which is leading to an increased need for reliable and cost-effective space launch services. The rise of commercial entities and public players launching satellites, as well as the introduction of satellite networks for global internet access and Earth observation, have further fueled market demand. The advancements in micro-satellite miniaturization, including CubeSats and Nano-satellites, have broadened the scope of satellite platforms across diverse industries, thereby presenting prospects for adaptable and affordable launch services. Furthermore, the industry's focus on navigation applications and the growing awareness of their importance, especially in orbits, such as Low Earth Orbit (LEO), are significant drivers. Market growth is also driven by the increasing demand for satellite deployment for Earth observation, navigation, and communication purposes, as well as the commercialization of space exploration and satellite-based services.

Segmentation

Key Insights

The report covers the following key insights:

• The report analyzes a detailed overview of the industry, including qualitative and quantitative information.


• It analyzes an overview and forecast of the commercial satellite launch service market at the platform level.


• The report also analyzes comprehensive supply chain analysis at a global level. The market will be further distributed at regional and country levels.

Analysis by Application:

On the basis of application, the market is divided into navigation, communication, reconnaissance, weather forecasting, and remote sensing. The navigation category dominates the market due to the increasing reliance on satellite-based global navigation systems. As industries across the globe integrate satellite navigation into various sectors, such as transportation, logistics and precision agriculture, there has been an increased demand for satellite launches to expand and improve satellite navigation satellite constellations. The search for accurate and real-time positional data for autonomous vehicles, maritime navigation and aviation requires frequent and reliable launches to maintain and expand the constellations of satellites that support these applications. The continued development of satellite navigation technology and the development of advanced positioning systems will further increase the demand for commercial satellite launch services adapted to the use of advanced navigation satellites.

Regional Analysis

The global market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among the regions, North America, particularly the U.S. and Canada, is a leading region for commercial satellite launch services. Major companies, such as SpaceX, United Launch Alliance, and Northrop Grumman Corporation, are based here. The region has a strong presence in the aerospace industry, as well as commercial and government investments.

Europe's emphasis on space research activities and its established aerospace industry provide substantial growth opportunities in the commercial satellite launch service sector. The growing demand for space-based applications in telecommunications, Earth observation, and navigation in the Asia Pacific region, including countries, such as China, India, and Japan, is driving the need for reliable launch solutions in this region.

Key Players Covered

• Arianespace (France)


• GK Launch Service (Russia)


• Lockheed Martin Corporation (US)


• United Launch Alliance (ULA) (US)


• Indian Space Research Organization (ISRO) (India)


• Blue Origin (US), Rocket Lab (US)


• SpaceX (US)


• Mitsubishi Heavy Industries, LTD. (Japan)


• NASA

Key Industry Developments

• In May 2024, NewSpace India Limited, the commercial arm of the Indian Space Research Organization, invited private partners to submit bids for the large-scale production of India's trusted workhorse, the Launch Vehicle Mark-III (LVM3) rocket, which delivered the Chandrayaan mission. The goal of bringing private players on board is to increase production of the launch vehicle over the next few years, in line with India's plans to scale up commercial launches.


• In February 2024, India is planning up to 30 launches over 15 months, indicating a significant increase in civil and commercial launch activities. The launch plans encompass a blend of scientific, commercial, user-funded, and technology demonstration missions for the fourth quarter of fiscal year 2023-24 and fiscal year 2024-25. Seven test launches will be used to serve India's Gaganyaan human spaceflight project, with nine others under the aegis of the Indian Space Research Organisation (ISRO).


• In January 2024, NewSpace India Limited, the commercial arm of ISRO, and French satellite launch company Arianespace signed a Memorandum of Understanding to establish a long-term partnership to support satellite launch missions. The Memorandum of Understanding aims to establish a long-term partnership between the two companies in order to cater to the global commercial satellite launch service market requirements.


• In July 2023, The GST Council determined that the GST exemption on satellite launch services provided by ISRO, Antrix Corporation Limited, and New Space India Limited (NSIL) may be extended to services provided by private entities as well in order to encourage startups.


• In November 2023, Eutelsat OneWeb India received authorization from the Indian National Space Promotion and Authorization Center (IN-SPACe) to launch its commercial satellite broadband services in the country. IN-SPACe is an agency of the government of India responsible for regulating space activities and granting authorization for conducting space activities in the country. This authorization means that Eutelsat OneWeb will be able to launch commercial connectivity services as soon as the government grants spectrum allocation.