Satellite Launch Vehicle Market Growing at a CAGR of 4.2% from 2017 to 2026
July 23, 2019 | Business WireEstimated reading time: 1 minute
Growing remote sensing applications is one of the major factors fuelling market growth. However, regulatory norms restricting the knowledge and resources sharing of technologies related to the launch owing to mission-critical applications are restricting the market growth. The global satellite launch vehicle market is growing at a CAGR of 4.2% from 2017 to 2026
Satellites are launched into earth's orbits via launch vehicles. Launch Vehicles are used to carry spacecraft to space. The launch system consists of the launch pad, the launch vehicle, and other infrastructure. Launch vehicles are classified on the basis of the amount of mass carried into the orbit and the number of stages. They use boosters to supply early thrust and reduce the mass of further stages, thus allowing for larger payloads to be carried into the orbit.
Based on Orbits, GEO orbit segment accounted for steady growth in satellite launch vehicle market owing to the growing deployment of small size communication satellites. The geostationary orbit is an area in space which allows a satellite to remain in orbit over a single point of the earth's surface. By Geography, Asia Pacific satellite launch vehicle market share will witness substantial growth over the forecast period due to rising focus on interplanetary missions and a high number of follow-on missions scheduled.
Suggested Items
Nanotechnology Market to Surpass $53.51 Billion by 2031
04/25/2024 | PRNewswireSkyQuest projects that the nanotechnology market will attain a value of USD 53.51 billion by 2031, with a CAGR of 36.4% over the forecast period (2024-2031).
Technica USA Presents Inaugural Supplier Alliance Award at IPC APEX EXPO 2024
04/24/2024 | Technica USADuring IPC APEX EXPO 2024, Technica USA took the opportunity to thank all of their supply partners that made the effort to join them for the exhibition in their booth, as well to all of our SMT partners that had their own booths, with the latest in automation and process technology.
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.
IDTechEx Examines the Opportunities for Wearables in Digital Health
04/19/2024 | IDTechExIDTechEx’s report, “Digital Health and Artificial Intelligence 2024-2034: Trends, Opportunities, and Outlook”, covers this ongoing trend in the consumer health wearables market and includes analysis of the opportunities and roadmap for biometric monitoring.
Real Time with... IPC APEX EXPO 2024: Pluritec's Expansion and Growth in the North American Market
04/19/2024 | Real Time with...IPC APEX EXPONicola Doria, president of Pluritec, discusses the company's strategic focus on the North American market, their investment in a new sales organization, service expansion, and a new process integration line. The conversation also covers market response and future installations, as well as Pluritec's new partnership with IEC.