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.

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USP of the Report

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

Analyst’s Take on the Market

According to Nilopal Ojha, Lead Analyst, BIS Research, “The market potential of the commercial space payload is anticipated to propel owing to the increasing demand of smaller telecom and commercial Earth observation satellite constellation in the market due to the low-cost associated with their launch and development. Emerging market players are focusing on building smaller satellites at a cheaper cost, resulting in increase in the commercial application of satellites. Private firms are focusing on providing internet in areas with no or least communication available. The satellite constellation for the internet is expected to disrupt the internet service provider market over the coming years. Market players such as Blue Origin and Space X will lead the application segment. Ride-share provided by the launch service providers will further proliferate commercial space payload market during the forecast period 2021-2031.”

Market Segmentation of Commercial Space Payload Market
Payload: Minisatellite (201-600kg) is a prominent market segment with the highest market share and is estimated to grow over the forecast years owing to the rise in the number of small satellite constellations from various key manufacturers such as SPACE X, Amazon, Cloud Constellation, Urthecast, and ISRO.

Orbit: LEO-focused satellite propulsion technology market for LEO (non-polar inclined) has the highest market penetration during the forecast period 2021-2031. This is due to the increase in the utilization of nano and minisatellites for multimedia applications at high data rates.

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.

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Pre-Launch Service: The pre-launch services segment had a major market share in 2020 and is estimated to hold significant market share over the forecast period due to an increase in the number of commercial launches per year.

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.

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