Global commercial space payload market size reached USD 32.70 billion in 2021 and is expected to register a revenue CAGR of 5.6% during the forecast period, according to latest analysis by Emergen Research. Increasing number of commercial satellite launches, rising number of space exploration missions, and rising demand for satellite data are expected to support market revenue growth during 2022-2030.

In addition, rapid advancements in Reusable Launch Vehicle (RLV) technology are further expected to increase demand for space missions and thereby propel revenue growth of commercial space payload market. RLVs can significantly reduce cost of space missions. Conventional rockets such as Polar Satellite Launch Vehicle (PSLV) and Geosynchronous Satellite Launch Vehicle (GSLV) are burned out and discarded when it re-enters the atmosphere after being launched once. RLVs can be reused to launch multiple payloads into Earth\'s orbit, significantly reducing space debris, and thereby is expected to accelerate revenue growth of market during the forecast period.

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Increasing number of commercial satellite launches is a key driving factor expected to contribute to growth of commercial space payload market significantly. The use of commercial satellites has risen steadily over the decade and is mostly used for civil and government purposes. Market players are providing commercial satellite services to provide rapid response to contingency operations without having to divert other resources. In addition, commercial satellites can be further used for gathering satellite imagery. In addition, rising number of space exploration missions is further expected to drive revenue growth of market.

However, international laws have restricted scope of higher investment from private firms by limiting ownership of properties in celestial bodies in outer space and thus restraining growth of market significantly. Another key factor hampering growth of global commercial space payload market is rise in space debris in lower earth orbit, which might cause accidents.

The Commercial Space Payload Market research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on a detailed analysis of the technological and product developments undertaken by these companies.

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Companies profiled in the global Commercial Space Payload market:

Space Exploration Technologies Corporation (SpaceX), Spaceflight Industries, Inc., The Boeing Company, United Launch Alliance, LLC., International Launch Services, Inc., Blue Origin, LLC, Mitsubishi Heavy Industries Ltd., Arianespace S.A., China Great Wall Industry Corporation., Antrix Corporation Limited., International Space Company Kosmotras, Orbital Sciences Corporation, Paragon Space Development Corporation, and Sierra Nevada Corporation

Emergen Research has segmented global commercial space payload market on the basis of application, payload, orbit, and region:

Application Outlook (Revenue, USD Billion; 2019–2030)

Communication

Earth Observation and Remote Sensing

Space Exploration

Surveillance and Reconnaissance

Payload Outlook (Revenue, USD Billion; 2019–2030)

Small Satellite

Nanosatellite

Microsatellite

Minisatellite

Medium Satellite

Large Satellite

Human Spacecraft

Orbit Outlook (Revenue, USD Billion; 2019–2030)

Low Earth Orbit (LEO)

Medium Earth Orbit (MEO)

Geosynchronous Orbit

Polar Orbit

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Global Commercial Space Payload Market Geographical Landscape - Synopsis:

The report closely studies the growth trajectory of the global Commercial Space Payload market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.

Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.

Market Taxonomy:

Chapter 1: Methodology & Scope

Definition and forecast parameters

Methodology and forecast parameters

Data Sources

Chapter 2:

Executive Summary

Business trends

Regional trends

Product trends

End-use trends


Chapter 3:

Industry Insights

Industry segmentation

Industry landscape

Vendor matrix

Technological and innovation landscape

Chapter 4:

Regional Landscape

Chapter 5:

Company Profile

Business Overview

Financial Data

Product Landscape

Strategic Outlook

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