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Commercial Space Trends and Forecast
The future of the global commercial space market looks promising with opportunities in the civil, commercial, and military markets. The global commercial space market is expected to reach an estimated $36.7 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are development and advancement of small satellites and increasing investments from both public and private companies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Commercial Space by Segment
The study includes a forecast for the global commercial space by equipment type, solution type, end use industry, application, and region
Commercial Space Market by Equipment Type [Shipment Analysis by Value from 2018 to 2030]:
• Communications Satellites
• Earth Observation Satellites
• Launch Vehicles
• Others
Commercial Space Market by Solution Type [Shipment Analysis by Value from 2018 to 2030]:
• Satellite IOT
• Communications
• Geospatial solution
• Others
Commercial Space Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Civil
• Commercial
• Military
Commercial Space Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Navigation/Agriculture
• Surveillance
• Earth Environment Monitoring
• Space Tourism
• Asteroid Mining
• Others
Commercial Space Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Commercial Space Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies commercial space companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the commercial space companies profiled in this report include-
• Blue Origin
• Masten Space Systems
• Stratolaunch
• Virgin Galactic
• Xcor Aerospace
• Orbcomm
• Northrop Grumman Corporation
• Space Exploration Technologies
• Orbit International Corporation
Commercial Space Market Insights
Lucintel forecasts that communications satellites is expected to witness highest growth over the forecast period.
Within this market, millitary is expected to witness highest growth.
APAC will remain the largest region over the forecast period.
Features of the Global Commercial Space Market
Market Size Estimates: Commercial space market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Commercial space market by various segments, such as by equipment type, solution type, end use industry, application, and region in terms of($B).
Regional Analysis: Commercial space market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different equipment types, solution types, end use industries, applications, and regions for the commercial space market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the commercial space market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the commercial space market size?
Answer: The global commercial space market is expected to reach an estimated $36.7 billion by 2030.
Q.2 What is the growth forecast for commercial space market?
Answer: The global commercial space market is expected to grow with a CAGR of 5.4% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the commercial space market?
Answer: The major drivers for this market are development and advancement of small satellites and increasing investments from both public and private companies.
Q4. What are the major segments for commercial space market?
Answer: The future of the commercial space market looks promising with opportunities in the civil, commercial, and military markets.
Q5. Who are the key commercial space market companies?
Answer: Some of the key commercial space companies are as follows:
• Blue Origin
• Masten Space Systems
• Stratolaunch
• Virgin Galactic
• Xcor Aerospace
• Orbcomm
• Northrop Grumman Corporation
• Space Exploration Technologies
• Orbit International Corporation
Q6. Which commercial space market segment will be the largest in future?
Answer: Lucintel forecasts that communications satellites is expected to witness highest growth over the forecast period.
Q7. In commercial space market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the commercial space market by equipment type (communications satellites, earth observation satellites, launch vehicles, and others), solution type (satellite IOT, communications, geospatial solution, and others), end use industry (civil, commercial, and military), application (navigation/agriculture, surveillance, earth environment monitoring, space tourism, asteroid mining, and others ), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Commercial Space Market, Commercial Space Market Size, Commercial Space Market Growth, Commercial Space Market Analysis, Commercial Space Market Report, Commercial Space Market Share, Commercial Space Market Trends, Commercial Space Market Forecast, Commercial Space Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Commercial Space Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Commercial Space Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Commercial Space Market by Equipment Type
3.3.1: Communications Satellites
3.3.2: Earth Observation Satellites
3.3.3: Launch Vehicles
3.3.4: Others
3.4: Global Commercial Space Market by Solution Type
3.4.1: Satellite IOT
3.4.2: Communications
3.4.3: Geospatial solution
3.4.4: Others
3.5: Global Commercial Space Market by End Use Industry Industry
3.5.1: Civil
3.5.2: Commercial
3.5.3: Military
3.6: Global Commercial Space Market by Application
3.6.1: Navigation/Agriculture
3.6.2: Surveillance
3.6.3: Earth Environment Monitoring
3.6.4: Space Tourism
3.6.5: Asteroid Mining
3.6.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Commercial Space Market by Region
4.2: North American Commercial Space Market
4.2.2: North American Commercial Space Market by End Use Industry: Civil, Commercial, and Military
4.3: European Commercial Space Market
4.3.1: European Commercial Space Market by Equipment Type: Communications Satellites, Earth Observation Satellites, Launch Vehicles, and Others
4.3.2: European Commercial Space Market by End Use Industry: Civil, Commercial, and Military
4.4: APAC Commercial Space Market
4.4.1: APAC Commercial Space Market by Equipment Type: Communications Satellites, Earth Observation Satellites, Launch Vehicles, and Others
4.4.2: APAC Commercial Space Market by End Use Industry: Civil, Commercial, and Military
4.5: ROW Commercial Space Market
4.5.1: ROW Commercial Space Market by Equipment Type: Communications Satellites, Earth Observation Satellites, Launch Vehicles, and Others
4.5.2: ROW Commercial Space Market by End Use Industry: Civil, Commercial, and Military
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Commercial Space Market by Equipment Type
6.1.2: Growth Opportunities for the Global Commercial Space Market by Solution Type
6.1.3: Growth Opportunities for the Global Commercial Space Market by End Use Industry Industry
6.1.4: Growth Opportunities for the Global Commercial Space Market by Application
6.1.5: Growth Opportunities for the Global Commercial Space Market by Region
6.2: Emerging Trends in the Global Commercial Space Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Commercial Space Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Commercial Space Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Blue Origin
7.2: Masten Space Systems
7.3: Stratolaunch
7.4: Virgin Galactic
7.5: XCOR Aerospace
7.6: ORBCOMM
7.7: Northrop Grumman Corporation
7.8: Space Exploration Technologies
7.9: Orbit International Corporation
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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