Global Satellite Launch Vehicle Market 2022: COVID-19 Impact Analysis and Industry Forecast Report, 2030

TeamIndus had reportedly aimed to land on the moon by 31 March 2018 using ISRO's Polar Satellite Launch Vehicle (PSLV).

Google Lunar XPRIZE is a competition which is aiming to inspire engineers and innovators to come up with low-cost methods of robotic space exploration.

To win the competition, the team needs to successfully place a space probe on the moon's surface, make it travel at least 500 meters and then transmit HD video and images back to Earth.

The winner gets $20 million, while the second place team gets $5 million.

However, according to a report in The Ken, multiple ISRO sources have confirmed to it that TeamIndus will not be getting the PSLV rocket as TeamIndus could not generate funds needed to pay for the launch and operations beyond.

The Ken had earlier reported that TeamIndus was already late in reaching its technical milestones and it was evident that even if they had received the required funding, logistical and technical failures would have made it impossible to meet the 31 March deadline set by Lunar XPRIZE.

Global Satellite Manufacturing and Launch Market The GMI Research projects that the Satellite Manufacturing and Launch Market will perceive a rise in demand over the forecast period.

This is mainly because of the mounting emphasis on enlarging satellite networks, the evolution of 5G networks, and their surging implementation of the satellites for commercial and military.Request a free sample of this reportIntroduction of the Satellite Manufacturing and Launch Market Satellite-based earth observation is executed for different services such as google maps and weather forecasts.

Also, this data is extensively employed by the military, defense, and government bodies to safeguard their nation from the threat.Key Players of Market:Airbus SEBoeingInternational Launch Services (ILS)Northrop Grumman CorpLockheed Martin Corp.Space Exploration Technologies Corp.Thales GroupRaytheon CoAirane GroupBlue OriginSatellite Manufacturing and Launch Market DynamicsThe increasing inclination of individuals towards the aerospace sector to study space is a major factor fuelling the growth of the global satellite manufacturing and launch market.

Also, the augmenting demand of satellite networks across various commercial applications and the surging need for complicated and economic observation of earth mission satellites will further strengthen the market demand.

On the other hand, the inflated initiation cost, as well as the huge investment, may hamper the global satellite manufacturing and launch market size.Type Segment DriversBased on the type, satellite manufacturing is projected to capture the highest share in the market.

Besides this, as per the satellite manufacturing and launch market research report, the satellite launch will expand at a higher rate over the coming years.

The main satellite in this ISRO launch event is India’s own earth observation satellite, Hyper Spectral Imaging Satellite (HySIS).

In the recent years, ISRO’s brand value has sky-rocketed at a global level which is evident by the fact that more and more countries are interested in utilizing Indian rockets for launching their satellites, that also resulted in the expansion of Indian space agency’s commercial viability.

From building India’s first satellite, Aryabhata in 1975 to launching Chandrayana-1 in 2008, the institution has evolved leaving many glorious milestones.

Here are the highlights that show how ISRO and the current administration have found a perfect rhyme and rhythm in achieving newer heights in various space endeavours.

The first satellite in this series was launched in July 2013 and the rest six were launched between 2014 and 2016.

Compared to pre-2014 era, where the number of Ministries using ISRO data was limited to few, under the Modi Government, every possible department under various Ministries are using ISRO data.

This included 24 from the United States too.

The mission is going to see ISRO putting payloads in three orbits as well as conducting various space experiments for the very first time.

ISRO’s third-generation workhorse PSLV (Polar Satellite Launch Vehicle) was used for the launch and was the 47th flight of PSLV.

This mission marks the space agency’s numerous firsts because it will be maneuvering satellites in multiple orbits and experiments on maritime satellite applications and many others will also be conducted.

The rest of the 28 international satellites are one 2U type, two 6U type and twenty-five 3U type nano satellites from the U.S. (24), Switzerland (1), Spain (1) and Lithuania (2).

It is ISRO’s versatile and reliable launch vehicle and has made 39 consecutive flights so far.

Intelligence Satellite EMISAT

This report studies the global Small Launch Vehicle market status and forecast, categorizes the global Small Launch Vehicle market size (value & volume) by manufacturers, type, application, and region.

This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).The major manufacturers covered in this report • CubeCab• Catena Space Ltd.• EUROCKOT Launch Services GmbH• IHI• Israel Aerospace Industries Ltd.• Lockheed Martin Corporation• Orbital ATK, Inc.• Rocket Lab USA, Inc.• Space Exploration Technologies Corp.• Spacefleet Ltd.• The Boeing Company• XCOR Aerospace, Inc.Download Free Sample Report @ https://www.radiantinsights.com/research/global-small-launch-vehicle-market-research-report-2019/request-sampleGeographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering• North America• Europe• China• Japan• Southeast Asia• IndiaWe can also provide the customized separate regional or country-level reports, for the following regions:• North America• United States• Canada• Mexico• Asia-Pacific• China• India• Japan• South Korea• Australia• Indonesia• Singapore• Rest of Asia-Pacific• Europe• Germany• France• UK• Italy• Spain• Russia• Rest of Europe• Central & South America• Brazil• Argentina• Rest of South America• Middle East & Africa• Saudi Arabia• Turkey• Rest of Middle East & AfricaBrowse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-small-launch-vehicle-market-research-report-2019On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into• < 20 kg• 6.3.

20 kg - 50 kg• 6.4.

50 kg - 200 kg• 6.5.

200 kg - 500 kg• 6.6.

500 kg - 1,200 kgOn the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including• Academic• Commercial• Government• Defense• Non-Profit OrganizationThe study objectives of this report are:• To analyze and study the global Small Launch Vehicle capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);• Focuses on the key Small Launch Vehicle manufacturers, to study the capacity, production, value, market share and development plans in future.• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.• To define, describe and forecast the market by type, application and region.• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.• To identify significant trends and factors driving or inhibiting the market growth.• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market• To strategically profile the key players and comprehensively analyze their growth strategies.Read all Reports of this category @ https://www.radiantinsights.com/catalog/machineryAbout Radiant Insights Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.

The global satellite manufacturing and launch system market size is expected to reach USD 54.17 billion in 2027, exhibiting a CAGR of 12.45% during the forecast period, states Fortune Business Insights, in a report, titled “Satellite Manufacturing and Launch System Market Size, Share & COVID-19 Impact Analysis, By Type (Satellite Manufacturing and Satellite Launch Systems), By Application (Communication Satellite, Military Surveillance, Navigation Satellite, Earth Observation Satellite, and Others), By End-Use (Commercial and Military) and Regional Forecast, 2020-2027.” The market size stood at USD 23.83 billion in 2020.

The report on the satellite manufacturing and launch system market includes:Remarkable insights into the marketMeticulous scrutiny of the segmentsLatest developments and driversVital information about key playersDominant regionsNotable Development Market Overview:Heavy Investments in Space Missions to Bolster GrowthThe surging investment by government and space agencies in developing technologically advanced satellite launch vehicles is expected to foster healthy growth of the satellite manufacturing and launch system industry.

According to the Department of Defense (DOD), the USD 14.1 billion was requested for National Security Space (NSS) in 2020 compared to the USD 12.3 billion in 2019.

For instance, SpaceX collaborated with NASA to design and develop reusable satellite launch vehicles to minimize the overall program cost and space debris around the earth's orbit.

Similarly, the European Space Agency (ESA) increased its focus on Ariane 6, an expendable launch system, thus boosting the satellite manufacturing and launch system production.

Suspended Satellite Launches to Inhibit Market during CoronavirusThe lockdown in major countries such as the U.S., France, Germany, China, India, and Japan severely impacted the space industry, suspending all space-related activities.