(Aviation-NewsWire.Com, June 19, 2018 ) Publisher’s market research analysts have identified the decline in the cost of satellite launch systems as one of the primary factors that will trigger the growth of the satellite manufacturing and launch market in the coming years. With the advent of advanced technologies, the launch vehicle manufacturers are providing cost-effective solutions for satellite end-users. SpaceX initiated a privately funded program to produce reusable launch systems that can be reused several times. In December 2015, it successfully landed the first stage of its Falcon 9 rocket during orbital launches. The boosters are considered as the costliest part of the rocket system which was recovered. In March 2017, SpaceX relaunched the recovered boosters successfully with Falcon 9. This was used to send the communication satellite to satellite service provider SES. The reusability of the recovered booster decreased the overall cost. Publisher’s market research analysts predict that this global market will post a revenue of close to USD 25 billion by 2022.
The report covers the present scenario and the growth prospects of the Global Satellite Manufacturing and Launch Market. To calculate the market size, the report considers the demand for satellites for commercial and military applications.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Publisher's report, Global Satellite Manufacturing and Launch Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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