Commercial Space Market Report: Trends, Forecast and Competitive Analysis to 2030

Commercial Space Trends and Forecast

The future of the global commercial space market looks promising with opportunities in the civil, commercial, and military markets. The global commercial space market is expected to reach an estimated $36.7 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are development and advancement of small satellites and increasing investments from both public and private companies.

A more than 150-page report is developed to help in your business decisions.

Commercial Space by Segment

The study includes a forecast for the global commercial space by equipment type, solution type, end use industry, application, and region.

Commercial Space Market by Equipment Type [Shipment Analysis by Value from 2018 to 2030]:

• Communications Satellites
• Earth Observation Satellites
• Launch Vehicles
• Others

Commercial Space Market by Solution Type [Shipment Analysis by Value from 2018 to 2030]:

• Satellite IOT
• Communications
• Geospatial solution
• Others

Commercial Space Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Civil
• Commercial
• Military

Commercial Space Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Navigation/Agriculture
• Surveillance
• Earth Environment Monitoring
• Space Tourism
• Asteroid Mining
• Others

Commercial Space Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Commercial Space Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies commercial space companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the commercial space companies profiled in this report include-

• Blue Origin
• Masten Space Systems
• Stratolaunch
• Virgin Galactic
• Xcor Aerospace
• Orbcomm
• Northrop Grumman Corporation
• Space Exploration Technologies
• Orbit International Corporation

Commercial Space Market Insights

Lucintel forecasts that communications satellites is expected to witness highest growth over the forecast period.

Within this market, millitary is expected to witness highest growth.

APAC will remain the largest region over the forecast period.

Features of the Global Commercial Space Market

Market Size Estimates: Commercial space market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Commercial space market by various segments, such as by equipment type, solution type, end use industry, application, and region. in terms of($B).

Regional Analysis: Commercial space market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different equipment types, solution types, end use industries, applications, and region.s for the commercial space market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the commercial space market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the commercial space market size?

Answer: The global commercial space market is expected to reach an estimated $36.7 billion by 2030.

Q.2. What is the growth forecast for commercial space market?

Answer: The global commercial space market is expected to grow with a CAGR of 5.4% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the commercial space market?

Answer: The major drivers for this market are development and advancement of small satellites and increasing investments from both public and private companies.

Q.4. What are the major segments for commercial space market?

Answer: The future of the commercial space market looks promising with opportunities in the civil, commercial, and military markets.

Q.5. Who are the key commercial space market companies?

Answer: Some of the key commercial space companies are as follows:

• Blue Origin
• Masten Space Systems
• Stratolaunch
• Virgin Galactic
• Xcor Aerospace
• Orbcomm
• Northrop Grumman Corporation
• Space Exploration Technologies
• Orbit International Corporation

Q.6. Which commercial space market segment will be the largest in future?

Answer: Lucintel forecasts that communications satellites is expected to witness highest growth over the forecast period.

Q.7. In commercial space market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the commercial space market by equipment type (communications satellites, earth observation satellites, launch vehicles, and others), solution type (satellite IOT, communications, geospatial solution, and others), end use industry (civil, commercial, and military), application (navigation/agriculture, surveillance, earth environment monitoring, space tourism, asteroid mining, and others ), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?