The commercial satellite launch services market size exceeded USD 6 billion in 2019 and is projected to grow at a CAGR of over 7% between 2021 and 2027. The market growth is driven by the increasing requirement to submit payloads to outer space as various experiments are conducted. .
Efforts taken by key industry players to increase the economics and regional penetration of satellite launches will boost market growth. For example, in November 2018, Amazon and Lockheed Martin entered into a strategic partnership to provide ground station services for satellite startups. This allowed the two companies to innovate in technology and expand their market share.
A full report of Commercial Satellite Launch Service Market available at: https://www.orionmarketreports.com/commercial-satellite-launch-services-market/58538/
Commercial Satellite Launch Service Market- Segmentation
By Orbit
• LEO
• MEO
• GEO
• HEO
By Size
• Large
• Medium
• Small
• Micro
By Application
• Navigational
• Communication
• Reconnaissance
• Weather Forecasting
• Remote Sensing
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
