Report Description

Global Launch System Payload Market By Class (Small Satellite (Under 500 Kg); Medium Satellite (501-2,000 Kg); Large Satellite (>2,000 Kg) & Others), By Orbit (GEO; MEO & LEO), By End User (Commercial; Academic; Military; Government & Others), By Region, Competition, Forecast & Opportunities, 2024

Global launch system payload market is expected to grow at double digit CAGR during the forecast period on account of increasing application of satellites for real-time tracking and monitoring systems. In 2017 alone, about 385 satellites were launched which is positively influencing the growth of the market. Before 2010, space technology-based projects were only led by the governments of various countries, however after that private players have started emerging in the space technology field. Moreover, several academic institutions have also started launching small satellites for various applications, which is anticipated to drive the market through 2024.

Global launch system payload market can be segmented based on class, orbit and end user. In terms of class, the market can be segmented into small satellite, medium satellite, large satellite and others. Increasing demand for satellite constellations is responsible for the largest share of the small satellite segment as satellite constellations comprise small satellites. Small satellite segment consists of satellites with small size and mass upto 1000 kg, the segment is anticipated to grow at an impressive rate during forecast period as well. On the basis of orbit, the market can be segmented into geosynchronous earth orbit (GEO), medium earth orbit (MEO) and low earth orbit (LEO). Low earth orbit is the leading segment and the segment is expected to continue its dominance during forecast period as most of the space related missions are targeted at low earth orbit.

Regionally, the market for launch system payload is gaining traction and expanding to various regions including Asia-Pacific, North America, Europe & CIS, South America and Middle East & Africa. Asia-Pacific is expected to grow at the fastest rate due to efforts by the private players and government in the countries such as India, China, among others.

The major players operating in global launch system payload market include Arianespace, Blue Origin, China Aerospace Science and Technology, Eurockot Launch Services, International Launch Services, Interorbital Systems, ISC Kosmotras, United Launch Alliance, Virgin Orbit, SpaceX, Northrop Grumman Corporation, Rocket Lab USA, Inc., Mitsubishi Heavy Industries Ltd., Lockheed Martin Corporation, etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of global launch system payload market.
  • To classify and forecast global launch system payload market based on class, orbit, end user and regional distribution.
  • To identify drivers and challenges for global launch system payload market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global launch system payload market.
  • To conduct pricing analysis for global launch system payload market.
  • To identify and analyze the profile of leading players operating in global launch system payload market.


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Some of the leading players in global launch system payload market are Arianespace, Blue Origin, China Aerospace Science and Technology, Eurockot Launch Services, International Launch Services, Interorbital Systems, ISC Kosmotras, United Launch Alliance, Virgin Orbit, SpaceX, Northrop Grumman Corporation, Rocket Lab USA, Inc., Mitsubishi Heavy Industries Ltd., Lockheed Martin Corporation, etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global launch system payload market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Manufacturers of launch system payload
  • Research organizations and consulting companies
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to launch system payload

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global launch system payload market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Class:
    • Small Satellite (Under 500 Kg)
    • Medium Satellite (501-2,000 Kg)
    • Large Satellite (>2,000 Kg)
    • Others
  • Market, By Orbit:
    • Orbit (Geosynchronous Earth Orbit (GEO)
    • Medium Earth Orbit (MEO)
    • Low Earth Orbit (LEO)
  • Market, By End User:
    • Commercial
    • Academic
    • Military
    • Government
    • Others
  • Market, By Region:
    • North America
      • United States
    • Europe & CIS
      • United Kingdom
      • Spain
      • France
      • Russia
    • Asia-Pacific
      • China
      • India 
      • Japan
      • Australia
      • Singapore
      • Ukraine
      • New Zealand
      • South Korea
    • Middle East & Africa
      • Israel
    • South America
      • Brazil

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global launch system payload market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com 

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