A quick peek into the report
Table of Contents
1.1 Industry Outlook
1.1.1 Commercial Space Payload Market: Overview
1.1.2 Information on Key Launch Site and their Capabilities by Region/Country
1.1.3 Start-Up Landscape
1.1.3.1 Key Start-Ups in the Ecosystem
1.1.3.2 Funding Analysis
1.1.4 Supply Chain Analysis
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Number Of Commercial Satellite Launches
1.2.1.2 Rising Deep Space Exploration Missions
1.2.2 Business Challenges
1.2.2.1 Potential In-Space Collisions Due To Space Debris
1.2.2.2 Technical Issues Related To Low-Cost Space Technologies
1.2.3 Business Opportunities
1.2.3.1 Emergence Of private Players And Start-ups In The Space Industry
1.2.3.2 Growing Demand For Internet Connectivity
1.2.4 Business Strategies
1.2.5 Partnerships, Collaborations, Agreements, and Contracts
1.2.6 Mergers and Acquisitions
2.1 Global Commercial Space Payload Market – by Application
2.1.1 Market Overview
2.1.1.1 Demand Analysis of Global Commercial Space Payload Market (by Application)
2.1.2 Communication
2.1.3 Earth Observation and Remote Sensing
2.1.4 Space Exploration
2.1.5 Surveillance and Reconnaissance
3.1 Global Commercial Space Payload Market – by Payload
3.1.1 Market Overview
3.1.1.1 Demand Analysis of Commercial Space Payload Market (by Payload)
3.1.1.2 Nano and Micro Satellite (0-200 kg)
3.1.1.3 Small Satellite (201-1,200 kg)
3.1.1.4 Medium Satellite (1,201-2,200 kg)
3.1.1.5 Large Satellite (Above 2,201 kg)
3.2 Global Commercial Space Payload Market – by Orbit
3.2.1 Market Overview
3.2.1.1 Demand Analysis of Commercial Space Payload Market (by Orbit)
3.2.2 Geosynchronous Earth Orbit (GEO)
3.2.3 Medium Earth Orbit (MEO)
3.2.4 Low Earth Orbit (LEO)
4.1 Global Commercial Space Payload Market (by Region)
4.2 North America
4.2.1 Market
4.2.1.1 Key Manufacturers and Suppliers in North America
4.2.1.2 Business Drivers
4.2.1.3 Business Challenges
4.2.2 Application
4.2.2.1 North America Commercial Space Payload Market (by Application)
4.2.3 Product
4.2.3.1 North America Commercial Space Payload Market (by Payload Type)
4.2.4 North America (by Country)
4.2.4.1 U.S.
4.2.4.1.1 Market
4.2.4.1.1.1 Key Manufacturers and Suppliers in the U.S.
4.2.4.1.1.2 Business Drivers
4.2.4.1.1.3 Business Challenges
4.2.4.1.2 Application
4.2.4.1.2.1 U.S. Commercial Space Payload Market (by Application)
4.2.4.2 Canada
4.2.4.2.1 Market
4.2.4.2.1.1 Key Manufacturers and Suppliers in Canada
4.2.4.2.1.2 Business Drivers
4.2.4.2.1.3 Business Challenges
4.2.4.2.2 Application
4.2.4.2.2.1 Canada Commercial Space Payload Market (by Application)
4.3 Europe
4.3.1 Market
4.3.1.1 Key Manufacturers and Suppliers in Europe
4.3.1.2 Business Drivers
4.3.1.3 Business Challenges
4.3.2 Application
4.3.2.1 Europe Commercial Space Payload Market (by Application)
4.3.3 Product
4.3.3.1 Europe Commercial Space Payload Market (by Payload Type)
4.3.4 Europe (by Country)
4.3.4.1 U.K.
4.3.4.1.1 Market
4.3.4.1.1.1 Key Manufacturers and Suppliers in the U.K.
4.3.4.1.1.2 Business Drivers
4.3.4.1.1.3 Business Challenges
4.3.4.1.2 Application
4.3.4.1.2.1 U.K. Commercial Space Payload Market (by Application)
4.3.4.2 Germany
4.3.4.2.1 Key Manufacturers and Suppliers in Germany
4.3.4.2.2 Market
4.3.4.2.2.1 Business Drivers
4.3.4.2.2.2 Business Challenges
4.3.4.2.3 Application
4.3.4.2.3.1 Germany Commercial Space Payload Market (by Application)
4.3.4.3 France
4.3.4.3.1 Market
4.3.4.3.1.1 Key Players in France
4.3.4.3.1.2 Business Drivers
4.3.4.3.1.3 Business Challenges
4.3.4.3.2 Application
4.3.4.3.2.1 France Commercial Space Payload Market (by Application)
4.3.4.4 Russia
4.3.4.4.1 Market
4.3.4.4.1.1 Business Drivers
4.3.4.4.1.2 Business Challenges
4.3.4.4.2 Application
4.3.4.4.2.1 Russia Commercial Space Payload Market (by Application)
4.3.4.5 Rest-of-Europe
4.3.4.5.1 Market
4.3.4.5.1.1 Business Drivers
4.3.4.5.1.2 Business Challenges
4.3.4.5.2 Application
4.3.4.5.2.1 Rest-of-Europe Commercial Space Payload Market (by Application)
4.4 Asia-Pacific
4.4.1 Market
4.4.1.1 Key Manufacturers and Suppliers in Asia-Pacific
4.4.1.2 Business Drivers
4.4.1.3 Business Challenges
4.4.2 Application
4.4.2.1 Asia-Pacific Commercial Space Payload Market (by Application)
4.4.3 Product
4.4.3.1 Asia-Pacific Commercial Space Payload Market (by Payload Type)
4.4.4 Asia-Pacific (by Country)
4.4.4.1 China
4.4.4.1.1 Market
4.4.4.1.1.1 Key Manufacturers and Suppliers in China
4.4.4.1.1.2 Business Drivers
4.4.4.1.1.3 Business Challenges
4.4.4.1.2 Application
4.4.4.1.2.1 China Commercial Space Payload Market (by Application)
4.4.4.2 India
4.4.4.2.1 Market
4.4.4.2.1.1 Key Manufacturers and Suppliers in India
4.4.4.2.1.2 Business Drivers
4.4.4.2.1.3 Business Challenges
4.4.4.2.2 Application
4.4.4.2.2.1 India Commercial Space Payload Market (by Application)
4.4.4.3 Japan
4.4.4.3.1 Market
4.4.4.3.1.1 Key Manufacturers and Suppliers in Japan
4.4.4.3.1.2 Business Drivers
4.4.4.3.1.3 Business Challenges
4.4.4.3.2 Application
4.4.4.3.2.1 Japan Commercial Space Payload Market (by Application)
4.4.4.4 Australia
4.4.4.4.1 Market
4.4.4.4.1.1 Key Manufacturers and Suppliers in Japan
4.4.4.4.1.2 Business Drivers
4.4.4.4.1.3 Business Challenges
4.4.4.4.2 Application
4.4.4.4.2.1 Australia Commercial Space Payload Market (by Application)
4.4.4.5 Rest-of-Asia-Pacific
4.4.4.5.1 Market
4.4.4.5.1.1 Business Driver
4.4.4.5.1.2 Business Challenges
4.4.4.5.2 Application
4.4.4.5.2.1 Rest-of-Asia-Pacific Commercial Space Payload Market (by Application)
4.5 Rest-of-the-World
4.5.1 Market
4.5.1.1 Business Drivers
4.5.1.2 Business Challenges
4.5.2 Application
4.5.2.1 Rest-of-the-World Commercial Space Payload Market (by Application)
4.5.3 Product
4.5.3.1 Rest-of-the-World Commercial Space Payload Market (by Payload Type)
4.5.4 Rest-of-the-World (by Region)
4.5.4.1 Middle East and Africa
4.5.4.1.1 Market
4.5.4.1.1.1 Business Drivers
4.5.4.1.1.2 Business Challenges
4.5.4.1.1.3 Middle East and Africa Commercial Space Payload Market
4.5.4.2 Latin America
4.5.4.2.1 Market
4.5.4.2.1.1 Business Drivers
4.5.4.2.1.2 Business Challenges
4.5.4.2.1.3 Latin America Commercial Space Payload Market
5.1 Competitive Benchmarking
5.2 Airbus S.A.S
5.2.1 Company Overview
5.2.1.1 Role of Airbus S.A.S in the Commercial Space Payload Market
5.2.1.2 Product Portfolio
5.2.2 Business Strategies
5.2.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.3 R&D Analysis
5.2.4 Strengths and Weaknesses of Airbus S.A.S
5.3 Ariane Group
5.3.1 Company Overview
5.3.1.1 Role of Ariane Group in the Commercial Space Payload Market
5.3.1.2 Product Portfolio
5.3.2 Business Strategies
5.3.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.3.3 Strengths and Weaknesses of Ariane Group
5.4 Astrocast
5.4.1 Company Overview
5.4.1.1 Role of Astrocast in the Commercial Space Payload Market
5.4.1.2 Product Portfolio
5.4.2 Business Strategies
5.4.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.4.3 Strengths and Weaknesses of Astrocast
5.5 Black sky Global (Blacksky Technology Inc.)
5.5.1 Company Overview
5.5.1.1 Role of Black Sky Global in the Commercial Space Payload Market
5.5.1.2 Product Portfolio
5.5.2 Business Strategies
5.5.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.5.3 Strengths and Weaknesses of Black Sky Global
5.6 Blue Origin, LLC
5.6.1 Company Overview
5.6.1.1 Role of Blue Origin in the Commercial Space Payload Market
5.6.1.2 Product Portfolio
5.6.2 Strengths and Weaknesses of Blue Origin
5.7 Capella Space
5.7.1 Company Overview
5.7.1.1 Role of Capella Space in the Commercial Space Payload Market
5.7.1.2 Product Portfolio
5.7.2 Strengths and Weaknesses of Capella Space
5.8 GomSpace
5.8.1 Company Overview
5.8.1.1 Role of GomSpace in the Commercial Space Payload Market
5.8.1.2 Product Portfolio
5.8.2 Strengths and Weaknesses of GomSpace
5.9 Lockheed Martin Corporation
5.9.1 Company Overview
5.9.1.1 Role of Lockheed Martin Corporation in the Commercial Space Payload Market
5.9.1.2 Product Portfolio
5.9.2 Corporate Strategies
5.9.2.1 Mergers and Acquisitions
5.9.3 Strength and Weakness of Lockheed Martin Corporation
5.10 Oneweb
5.10.1 Company Overview
5.10.1.1 Role of Oneweb in the Commercial Space Payload Market
5.10.1.2 Product Portfolio
5.10.2 Business Strategies
5.10.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.10.3 Strength and Weakness of Oneweb
5.11 Planet IQ
5.11.1 Company Overview
5.11.1.1 Role of Planet IQ in the Commercial Space Payload Market
5.11.1.2 Product Portfolio
5.11.2 Strengths and Weaknesses of Planet IQ
5.12 Planet Labs
5.12.1 Company Overview
5.12.1.1 Role of Planet Labs in the Commercial Space Payload Market
5.12.1.2 Product Portfolio
5.12.2 Strengths and Weaknesses of Planet Labs
5.13 Spaceflight
5.13.1 Company Overview
5.13.1.1 Role of Spaceflight in the Commercial Space Payload Market
5.13.1.2 Product Portfolio
5.13.2 Strengths and Weaknesses of Spaceflight
5.14 SpaceX
5.14.1 Company Overview
5.14.1.1 Role of SpaceX in the Commercial Space Payload Market
5.14.1.2 Product Portfolio
5.14.2 Strengths and Weaknesses of Space X
5.15 Thales Alenia Space
5.15.1 Company Overview
5.15.1.1 Role of Thales Alenia Space in the Commercial Space Payload Market
5.15.1.2 Product Portfolio
5.15.2 Business Strategies
5.15.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.15.3 Strength and Weakness of Thales Alenia Space
5.16 Tyvak
5.16.1 Company Overview
5.16.1.1 Role of Tyvak in the Commercial Space Payload Market
5.16.1.2 Product Portfolio
5.16.2 Strength and Weakness of Tyvak
5.17 United Launch Alliance, LLC
5.17.1 Company Overview
5.17.1.1 Role of United Launch Alliance, LLC in the Commercial Space Payload Market
5.17.1.2 Product Portfolio
5.17.2 Strength and Weakness of United Launch Alliance, LLC
5.18 Other Key Players
5.18.1 Intuitive Machines, LLC
5.18.1.1 Company Overview
5.18.2 Momentus Inc.
5.18.2.1 Company Overview
5.18.3 Loft Orbital Solutions Inc.
5.18.3.1 Company Overview
5.18.4 ThrustMe
5.18.4.1 Company Overview
5.18.5 Viasat, Inc.
5.18.5.1 Company Overview
6.1.1 Factors for Data Prediction and Modeling
7.1 Satellite Payload Market by Mass (50 – 200 Kg)
7.2 Satellite Payload Market by Mass (201 – 600 Kg)
7.3 Satellite Payload Market by Mass (601 – 1200 Kg)
7.4 Satellite Payload Market by Mass (1201 – 1400 Kg)
7.5 Satellite Payload Market by Mass (1401 Kg and Above)
Table 1: Key Launch Sites
Table 2: Key Start-Ups
Table 3: Funding Analysis
Table 4: Upcoming Deep Space Missions
Table 5: Partnerships, Collaborations, Agreements, and Contracts, January 2019-August 2021
Table 6: Mergers and Acquisitions, January 2019-August 2021
Table 7: Global Commercial Space Payload Market (by Application), $ Billion, 2020-2031
Table 8: Global Commercial Space Payload Market (by Payload), Value and Volume, 2020-2031
Table 9: Global Commercial Space Payload Market, (by Orbit), 2020-2031, $Billion
Table 10: Global Commercial Space Payload Market (by Region), $Billion, 2020-2031
Table 11: North America Commercial Space Payload Market (by Application), $Billion, 2020-2031
Table 12: North America Commercial Space Payload Market (by Payload Type), Value and Volume, 2020-2031
Table 13: U.S. Commercial Space Payload Market (by Application), $Billion, 2020-2031
Table 14: Canada Commercial Space Payload Market (by Application), $Billion, 2020-2031
Table 15: Europe Commercial Space Payload Market (by Application), $Billion, 2020-2031
Table 16: Europe Commercial Space Payload Market (by Payload Type), Value and Volume, 2020-2031
Table 17: U.K. Commercial Space Payload Market (by Application), $Billion, 2020-2031
Table 18: Germany Commercial Space Payload Market (by Application), $Billion, 2020-2031
Table 19: France Commercial Space Payload Market (by Application), $Billion, 2020-2031
Table 20: Russia Commercial Space Payload Market (by Application), $Billion, 2020-2031
Table 21: Rest-of-Europe Commercial Space Payload Market (by Application), $Billion, 2020-2031
Table 22: Asia-Pacific Commercial Space Payload Market (by Application), $Billion, 2020-2031
Table 23: Asia-Pacific Commercial Space Payload Market (by Payload Type), value and volume, 2020-2031
Table 24: China Commercial Space Payload Market (by Application), $Billion, 2020-2031
Table 25: India Commercial Space Payload Market (by Application), $Billion, 2020-2031
Table 26: Japan Commercial Space Payload Market (by Application), $Billion, 2020-2031
Table 27: Australia Commercial Space Payload Market (by Application), $Billion, 2020-2031
Table 28: Rest-of-Asia-Pacific Commercial Space Payload Market (by Application), $ Billion, 2020-2031
Table 29: Rest-of-the-World Commercial Space Payload Market (by Application), $Billion, 2020-2031
Table 30: Rest-of-the-World Commercial Space Payload Market (by Payload Type), Value and Volume, 2020-2031
Table 31: Middle East and Africa Commercial Space Payload Market, $Billion, 2020-2031
Table 32: Latin America Commercial Space Payload Market, $Billion, 2020-2031
Table 33: Benchmarking and Weightage Parameters
Table 34: Airbus S.A.S: Product Portfolio
Table 35: Airbus S.A.S: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 36: Ariane Group: Product Portfolio
Table 37: Ariane Group: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 38: Astrocast: Product Portfolio
Table 39: Astrocast: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 40: Black Sky Global.: Product Portfolio
Table 41: Astrocast: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 42: Blue Origin: Product Portfolio
Table 43: Capella Space: Product Portfolio
Table 44: GomSpace: Product Portfolio
Table 45: Lockheed Martin Corporation: Product Portfolio
Table 46: Lockheed Martin Corporation: Merger and Acquisition
Table 47: Oneweb: Product Portfolio
Table 48: OneWeb: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 49: Planet IQ: Product Portfolio
Table 50: Planet Labs: Product Portfolio
Table 51: Spaceflight: Product Portfolio
Table 52: Space X: Product Portfolio
Table 53: Thales Alenia Space: Product Portfolio
Table 54: Thales Alenia Space: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 55: Tyvak: Product Portfolio
Table 56: United Launch Alliance: Product Portfolio
Table 57: Global Satellite Payload Market by Mass (50 – 200 Kg), 2020 - 2031
Table 58: Global Satellite Payload Market by Mass (201 – 600 Kg), 2020 - 2031
Table 59: Global Satellite Payload Market by Mass (601 – 1200 Kg), 2020 - 2031
Table 60: Global Satellite Payload Market by Mass (1201 – 1400 Kg), 2020 - 2031
Table 61: Global Satellite Payload Market by Mass (1401 Kg and Above), 2020 - 2031
Figure 1: Global Commercial Space Payload Market, Volume, 2020-2031
Figure 2: Global Commercial Space Payload Market, $Billion, 2020-2031
Figure 3: Global Commercial Space Payload Market (by Application), $Billion, 2020 and 2031
Figure 4: Global Commercial Space Payload Market (by Production), $Billion, 2020 and 2031
Figure 5: Global Commercial Space Payload Market (by Region), $Billion, 2031
Figure 6: Commercial Space Payload Market Coverage
Figure 7: Supply Chain Analysis of Commercial Space Payload Market
Figure 8: Commercial Space Payload Market, Business Dynamics
Figure 9: Number of Satellite Launches, 2010-2020
Figure 10: NASA FY2021 Budget Request for Deep Space Exploration Systems, $Million
Figure 11: Global Commercial Space Payload Market (by Application)
Figure 12: Commercial Space Payload Players Competitive Benchmarking
Figure 13: Airbus S.A.S: R&D Analysis, 2018-2020
Figure 14: Research Methodology
Figure 15: Top-Down and Bottom-Up Approach
Figure 16: Assumptions and Limitations
Market Report Coverage
Commercial Space Payload Market |
|||
Base Year |
2020 |
Market Size in 2020 |
$23.79 Billion |
Forecast Period |
2021-2031 |
Value Projection and Estimation by 2031 |
$56.32 Billion |
CAGR During Forecast Period |
5.51% |
Number of Table |
61 |
Number of Pages |
165 |
Number of Figures |
16 |
Market Segmentation |
• Application: Communication, Earth Observation and Remote Sensing, Space Exploration, Surveillance and Reconnaissance • Payload: Nano and Micro Satellite (0-200 kg), Small Satellite (201-1,200 kg), Medium Satellite (1,201-2,200 kg), Large Satellite (Above 2,201 kg) • Orbit: Geosynchronous Earth Orbit (GEO), Medium Earth Orbit (MEO), Low Earth Orbit (LEO) |
||
Regional Segmentation |
• North America: U.S., Canada • Europe: Germany, U.K., France, Russia, Rest of Europe • Asia-Pacific: Japan, China, India, Australia, Rest-of-Asia-Pacific • Rest-of-the-World: Middle East and Africa, Latin America |
||
Market Growth Drivers |
• Increasing Number Of Commercial Satellite Launches • Rising Deep Space Exploration Missions |
||
Market Challenges |
• Potential In-Space Collisions Due To Space Debris • Technical Issues Related To Low-Cost Space Technologies |
||
Market Opportunities |
• Emergence Of private Players And Start-ups In The Space Industry • Growing Demand For Internet Connectivity |
||
Key Companies Profiled |
Airbus S.A.S, Ariane Group, Astrocast, Black sky Global (Blacksky Technology Inc.), Blue Origin, LLC, Capella Space, GomSpace, Lockheed Martin Corporation, Oneweb, Planet IQ, Planet Labs, Spaceflight, SpaceX, Thales Alenia Space, Tyvak, United Launch Alliance, LLC |
How This Report Can Add Value
This extensive report can help with:
• A dedicated section focusing on the futuristic trends adopted by the key players operating in the global commercial space payload market
• Extensive competitive benchmarking of top 15 players (including OEMs and component providers) offering a holistic view of the global commercial space payload landscape
• Detailed qualitative and quantitative mapping of satellite launches and manufacturing from 2020-2031
• Qualitative and quantitative analysis of commercial space payload at the region and country-level granularity by application and product segments
Product/Innovation Strategy: The product segment helps the reader in understanding the different types of commercial space payload and their market potentials globally. Moreover, the study provides the reader a detailed understanding of commercial space payload technology with respect to orbit and payload type.
Key Questions Answered in the Report
• What are the futuristic trends in this market, and how is the market expected to change over the forecast years 2021-2031?
• What are the key drivers and challenges faced by the companies that are currently working in the commercial space payload market?
• How is the market expected to grow during the forecast period 2021-2031?
• What are the opportunities for the companies to expand their businesses in the Commercial Space Payload market?
• Which region is expected to be leading the commercial space payload market by 2031?
• What are the key developmental strategies implemented by the key players to sustain in this highly competitive market?
• What is the current and future revenue scenario of this market?
• What is the competitive scenario of the key players in the global commercial space payload market?
• What are the strengths and weaknesses of the companies that are influencing the growth of the market?
• What are the emerging technologies that the key companies are focusing on to increase their market share?
Report Summary
Commercial Space Payload
Satellites are specialized radio-based instrumentation and communication systems that cater to various applications such as Earth observation and remote sensing, communication, and satellite internet. Commercial space payload refers to the revenue-producing satellites or cargo sent to the Earth’s orbit using a space launch vehicle.
The commercial space payload market generates revenue by deploying satellites into the Earth's orbit, mostly in Low Earth orbit (LEO) and Geosynchronous Earth orbit (GEO).
Between 1957 and 2021, many governments and commercial organizations such as SpaceX, Ariane Space, Europe Space Agency (ESA), National Aeronautics and Space Administration (NASA), and Japan Aerospace Exploration Agency (JAXA), started demonstration for the new propulsion system for different satellites in Low Earth orbit (LEO). Since then, technology has evolved continually and transformed the entire space industry by developing unique products and systems.
Commercial Space Payload Industry Overview
The global commercial space payload market is expected to reach $56.32 billion by 2031, with a CAGR of 5.51% during the forecast period 2021-2031.
The increasing number of satellite constellations for applications such as communication, technology development, Earth observation, and remote sensing is expected to be the major driving factors for the market.
Market Segmentation
Commercial Space Payload Market by Application
Communication application is anticipated to witness huge growth over the forecast period and has a major market share in 2020 due to the increasing demand for remote sensing, Earth observation, and navigation, surveillance, satellite internet. Growing demand for navigation among consumers has also propelled the private players to enter the segment.
Commercial Space Payload Market by Region
North America is expected to account for the highest share of the global communication space payload market, owing to a significant number of companies based in the region, increased spending by government and commercial organizations such as the National Aeronautics and Space Administration (NASA), Aerojet Rocketdyne, Ariane Group, Exotrail, Space X, and Enpulsion for commercial payload launches.
Key Market Players and Competition Synopsis
Airbus S.A.S, Ariane Group, Astrocast, Black sky Global (Blacksky Technology Inc.), Blue Origin, LLC, Capella Space, GomSpace, Lockheed Martin Corporation, Oneweb, Planet IQ, Planet Labs, Spaceflight, SpaceX, Thales Alenia Space, Tyvak, United Launch Alliance, LLC
The companies profiled in the report have been selected post-in-depth interviews with experts and understanding details around companies such as product portfolios, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the commercial space payload market.
Commercial Space Payload Market - A Global and Regional Analysis
Focus on Application, Payload, Orbit, and Country - Analysis and Forecast, 2021-2031
Frequently Asked Questions
The global commercial space payload market is expected to reach $56.32 billion by 2031, with a CAGR of 5.51% during the forecast period 2021-2031.
The top market players are Airbus S.A.S, Ariane Group, Astrocast, Black sky Global (Blacksky Technology Inc.), Blue Origin, LLC, Capella Space, GomSpace, Lockheed Martin Corporation, OneWeb, Planet IQ, Planet Labs, Spaceflight, SpaceX, Thales Alenia Space, Tyvak, United Launch Alliance, LLC.
Factors driving the growth of the commercial space payload market are the increasing number of commercial satellite launches, rising deep space exploration missions.
Some of the main challenges restricting the growth of the commercial space payload market are the potential in-space collisions due to space debris, and technical issues related to low-cost space technologies.
The potential opportunities that are likely to boost the growth of the commercial space payload market are the emergence of private players and start-ups in the space industry, and the growing demand for internet connectivity.