𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐈𝐓 𝐒𝐩𝐞𝐧𝐝𝐢𝐧𝐠 - 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐈𝐬 𝐚 𝐑𝐚𝐩𝐢𝐝𝐥𝐲 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐒𝐡𝐚𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐁𝐮𝐝𝐠𝐞𝐭, 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐮𝐦𝐦𝐚𝐫𝐲, 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐍𝐞𝐰 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 | 𝐇𝐢𝐤𝐞 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐒𝐩𝐞𝐧𝐝𝐢𝐧𝐠

Defense IT Spending Market by System (IT Infrastructure, Cybersecurity, Logistics & Asset Management, and Others), Type (Services, Hardware, and Software), and Force (Defense Forces and Civilian Forces): Global Opportunity Analysis and Industry Forecast, 2021–2030 

𝐀𝐜𝐜𝐞𝐬𝐬 𝐓𝐨 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 https://bit.ly/3tg1Ikv

Adoption of IT solutions in defense operations has become critical, owing to exponential evolution in type and frequency of attacks across the globe. To counter the rise in conflicts between different countries and digital threats, various countries continue to build up their military capabilities. Defense IT systems are becoming a critical element of security and are being utilized in countering potential attacks. Several nations around the world have launched and implemented policies related to adoption of IT technologies for defense forces. 

Rise in need to prevent cyberattacks to protect critical national defense data is forcing government agencies worldwide to increase their spending on acquiring defense IT solutions and services. For instance, in 2020, the U.S. Department of Defense announced a staggering $721.5 billion defense budget that included a significant allocation of capital to develop secure communications and enhance defense IT infrastructure. Furthermore, growing political tensions and increase demand for building up military capabilities is expected to lead the nations to adopt cutting-edge IT systems. Such factors are expected to fuel growth of the global defense IT spending market during the forecast period. 

Rise in spending on information technology products and services 

Rise in use of IT hardware, software, and services has resulted in a number of changes in the defense industry, including real-time combat surveillance, superiority in air & space, smart weapons and battlefield management in a network-centric environment, and force multipliers based on software. Defense IT spending is on the rise across different nations across the globe in countries such as the U.S., the UK, France, and China. According to a new analysis from data science company Govini, in July 2021, the U.S. Department of Defense requested a 7.8% increase in its fiscal 2022 budget for IT. 

National security knowledge graph and decision science platform of Govini are used by the U.S. federal government and the national security sector. The total defense IT spending in the U.S. has been increasing since 2019 and is expected to reach $38.7 billion by 2022. This is anticipated to rise in demand for cutting-edge technologies such as 5G, artificial intelligence, cloud computing, data analytics, cybersecurity, and autonomous systems across different defense systems. Shift of the U.S. Department of defense to new cloud-based infrastructure is expected to increase agility of defense forces, offering better remote capabilities and setting foundation for enterprise deployment of artificial intelligence (AI). 

Emergence of IoT analytics in defense applications

Application of data analysis techniques and procedures to gain value from massive volumes of data created by connected Internet of Things devices is known as IoT analytics.  Current military actions are aimed at a tough, multifaceted, deeply distinct, and difficult state – some with unexpected allies and opponents. By combining sensor systems, actuators, and control systems with present military infrastructures, military may become more efficient and effective. IoT has already had an influence on various industries, owing to its connected devices architecture and autonomous presence within a closed-loop network of devices.

Key players operating in the global defense IT spending market include Accenture, Amazon.com, Inc., BAE Systems plc, Dell, Inc., General Dynamics Corporation, Hewlett Packard Enterprise Development LP, International Business Machines Corporation (IBM), Microsoft Corporation, Northrop Grumman Corporation, and Oracle Corporation. 

[𝐏𝐃𝐅 𝐆𝐮𝐢𝐝𝐞] 𝐀 𝐆𝐥𝐢𝐦𝐩𝐬𝐞 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐖𝐨𝐫𝐥𝐝 𝐨𝐟 𝐒𝐩𝐚𝐜𝐞 𝐓𝐨𝐮𝐫𝐢𝐬𝐦, 𝐑𝐞𝐜𝐞𝐧𝐭 𝐚𝐧𝐝 𝐔𝐩𝐜𝐨𝐦𝐢𝐧𝐠 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐈𝐝𝐞𝐚𝐬, 𝗔𝗰𝘁𝗶𝗼𝗻𝗮𝗯𝗹𝗲 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝗜𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗲𝗱 𝗯𝘆 𝗧𝗼𝗽 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀

Space Tourism Market by Type (Orbital, Suborbital, and Others), Spacecraft Type (Capsule, Tablet, Oral Solution), End User (Civilians, Rich Population And Othe) Application (Transfusional Iron Overload and NTDT Caused Iron Overload):Global Opportunity Analysis and Industry Forecast, 2021–2027

Space tourism can be defined as travel into space for recreational and leisure purposes. This type of travel encompasses lunar, suborbital, and orbital space tourism. Initially, the space missions were launched, and only rigorously trained astronauts were sent into space, while now the trend is transitioning to space tourism appearing as a recreational activity. Moreover, the evolution of technology has allowed even non-qualified people to travel beyond the earth’s space. The major market players in the global space tourism market have been investing huge amounts in carrying out such tourism missions, along with enhancing the traveler experience. 

COVID-19 scenario analysis

• Space tourism production is going to be more agile after the end of COVID-19.
• Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of space tourism across the globe, thereby increasing the supply–demand gap. 
• Thus, insufficiency in raw material supply is expected to hamper the production rate of space tourism systems, which negatively impacts the market growth. 
• However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

The global market for space tourism is driven by the growing inclination of the population towards space travel. This is followed by sufficient government and private sector investments, which, in turn, is creating opportunities for the global space tourism market to grow. In addition, the proliferation of technology is fostering the growth of space travel programs. However, high cost restraints may hamper market growth during the forecast period. 

The global space tourism market trends are as follows:

Technological advancements to foster the growth

Consistent transformations in technology are proliferating the demand for the space tourism market globally. Moreover, the technological advancements in the field of space travel are fueling the development of spacecraft and superior rockets at a robust pace. This way, space tourists are allowed to travel into space and gain the expected experience. Moreover, major emerging economies across the globe are exploring the space programs, which, in turn, is anticipated to fuel the global growth of the space tourism market. Furthermore, the increased research & development activities are pushing rapid developments and innovations in terms of propulsion systems, spacecraft models, and tourist experience. In addition, several nations are finding opportunities generated by huge investments from the government as well as nongovernment institutions. Such factors together contribute to the growth of the global space tourism market. 

Market scope and structure analysis

Report Metric	Details
Market size available for years	2020–2027
Base year considered	2019
Forecast period	2021–2027
Forecast revenue	Value (USD)
Segments covered	Type, Spacecraft Type, End User, and Application
Regions covered	North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)
Companies covered	Space Adventures, Space Island Group, Boeing, Lockheed Martin Corporation, Virgin Galactic, Zero 2 Infinity, SpaceX, Blue Origin, Orion Span, Capella Space

 

Rising trend of space tourism to boost the demand

The trend of space tourism is gradually gaining recognition in the global markets and is anticipated to accelerate the growth of the global space tourism market during the forecast timeframe. In addition, the growing completion in the space tourism industry is expected to decrease the cost of space tourism. Moreover, the cost of getting into space is expected to decline rapidly while the next-generation space planes can reach the orbit. Therefore, the cost of launching satellites is likely to reduce considerably, which, in turn, is reducing the overall expenditure over space exploration missions. Hence, space travel will become an economically feasible solution over the years. Also, the reduced cost encourages the launch of nanosatellites in solar systems by multiple vendors. Such factors are pushing the overall growth potential of the space tourism market.   

Segments	Subsegments
Type	Orbital Suborbital Others
Spacecraft Type	Capsule Tablet Oral Solution
End-user	Civilians Rich Population Others
Application	Trаnѕfuѕіоnаl Іrоn Оvеrlоаd NТDТ Саuѕеd Іrоn Оvеrlоаd

Key benefits of the report

• This study presents the analytical depiction of the global space tourism industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global space tourism market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in the coming years. 

Questions answered in the space tourism market research report:

• Which are the leading players active in the space tourism market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What future projections would help in taking further strategic steps?

 

Top Trends in Aerospace, Defence and Security (ADS) | Hypersonic Technology | The Future of Aviation

Hypersonic Technology Market by Launch Mode (Air Launched, Surface Launched, and Subsea Launched), End User (Military, Air Force, Navy, and Space), and Type (Hypersonic Glide Vehicle, Hypersonic Cruise Missile, and Hypersonic Spaceplanes): Global Opportunity Analysis and Industry Forecast, 2021–2030 

" The global hypersonic technology market was valued at $4.98 billion in 2020, and is projected to reach $12.18 billion by 2030, registering a CAGR of 9.7%."

In aerodynamic studies, a hypersonic speed is that significantly surpasses speed of sound, often specified as starting at speeds of Mach 5 (Mach number is an important quantity to compare the speed of any object with a speed of sound) and above. Hypersonic technologies for instance, long-range missiles; theater-reach and global-reach aircraft designed to deliver weapons or for reconnaissance missions; and space launch vehicles have a Mach number between 5 and 10. Hypersonic vehicles can enable a new class of flight vehicles that enable faster access to space, rapid military response at long range, and other advantages.

The market is divided on the basis of launch mode, end-user, type, and region. The launch mode segment is further divided into air launched, surface launched, and subsea launched. On the basis of end user, it is segmented into military, air force, navy, and space. By type, it is segmented into hypersonic glide vehicle, hypersonic cruise missile, and hypersonic spaceplanes. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players operating in the global hypersonic technology market include BAE Systems plc, Dynetics, Inc., Hermeus Corp., Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Raytheon Technologies Corporation, Reaction Engines, The Boeing Company, and Velontra.

Rise in number of territorial conflicts throughout the world

Six countries lay overlapping rights to the South and East China Seas, which is an area that is abundant in natural gas and hydrocarbons, and via which trillions of dollars of international trade flow happen annually. As China enlarges its naval dominance and constructs military bases on man-made islands, it has been met by increasing forcefulness from other regional claimants such as Japan, Vietnam, and the Philippines. Frequent standoffs range from the Senkaku/Diaoyu Islands on China’s eastern edge, to the long stretch of archipelagos in the South China Sea that encompasses hundreds of islands.  U.S. has also built up its maritime presence in the area, indicating its higher role in the clashes, which, if not handled properly, might turn part of Asia’s naval regions from flourishing trade channels into grounds of continuous conflicts. Rise in conflicts across different parts of the world to gain dominance in commercial or defense arenas is expected to drive growth of the global hypersonic technology market during the forecast period. Advantages offered by hypersonic technologies in case of war-like situations can be really helpful in taking urgent military decisions. Hypersonic vehicles fly faster than five times the speed of sound and enable a new class of flight vehicles that enable rapid military response at long range. These factors are expected to open new avenues for growth of the hypersonic technology market during the forecast period. 

Increase in developments regarding deployment of hypersonic technologies across the world

U.S. is aiming to deploy hypersonic weapons in the coming years, amid the rise in initiatives by both Russia and China to deploy significantly hypersonic technologies much sooner than the U.S. Russia claimed in 2019 that its Avengard missile was operational and has recently upgraded Kh-32s with the capability to carry hypersonic missiles, while China has developed DF-17, which could potentially strike the U.S. mainland if fired from a naval vessel.

U.S. continues its investments, which previously included major contracts to develop hypersonic weapons (Hacksaw). U.S. is also developing a common missile body for use by multiple military branches (C-HGB). By 2027, the Institute for Defense and Government (IDGA) projects an estimated global total of $127.3 billion is expected to be spent on hypersonic weaponry alone and Defense Department budget numbers in the U.S. are expected to reach $2.5 billion in classified hypersonic work by 2024. Aerospace giant, Boeing is developing its own hypersonic transportation technology and startups such as Hermeus are underway in for development of Mach 5 jet, which would make travel time between New York to Paris as short as 90 minutes. Such developments are expected to fuel growth of the hypersonic technology market during the forecast period.

Advancements in scramjet technology for hypersonic missiles

Scramjet engine is crucial for acquiring hypersonic speeds, and thus, only a few nations across the world have the capability to develop scramjet technology for hypersonic missiles. Although, in recent years, nations such as India, the U.S., and Australia have pushed development of scramjet technology. For instance, in September 2020, India successfully tested an indigenously-developed hypersonic technology demonstrator vehicle (HSTDV) powered by a scramjet engine. With the successful launch, India joined the club of nations that have mastered the hypersonic technology. In November 2020, the U.S. Air Force Research Laboratory completed a series of tests of a scramjet engine. Furthermore, in January 2021, the U.S. and Australia joined forces to build air-launched hypersonic cruise missiles that could shift the military balance of power in Asia-Pacific. The new U.S.-Australian project known as the Southern Cross Integrated Flight Research Experiment, or SCIFiRE, is an Allied Prototyping Initiative that was formally announced by two nations in December 2020. Development of a powerful and reliable scramjet engines is essential for hypersonic technologies and rise in initiatives regarding production of efficient scramjet engines globally is expected to propel growth of the hypersonic technology market during the forecast period.

COVID-19 Impact Analysis

• The COVID-19 impact on the hypersonic technology market is unpredictable, and is expected to remain in force till the second quarter of 2021.
• The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import–export of raw materials items for most of 2020. This led to sudden fall in the availability of important raw materials for manufacturing ground defense equipment.
• Moreover, nationwide lockdown forced parts manufacturing facilities to partially or completely shut their operations.
• Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of modern hypersonic technologies globally.

Key Benefits For Stakeholders

• This study presents analytical depiction of the global hypersonic technology market analysis along with the current trends and future estimations to depict imminent investment pockets.
• The overall hypersonic technology market opportunity is determined by understanding profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities of the global hypersonic technology market with a detailed impact analysis.
• The current hypersonic technology market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

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Explore How The Emerging Space Launch Services Are Evolving With the Space Objects

𝐀𝐜𝐜𝐨𝐫𝐝𝐢𝐧𝐠 𝐭𝐨 𝐫𝐞𝐜𝐞𝐧𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐢𝐧 𝐀𝐞𝐫𝐨𝐬𝐩𝐚𝐜𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 ~ 𝐀𝐜𝐭𝐢𝐨𝐧𝐚𝐛𝐥𝐞 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 & 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐓𝐨𝐩 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐀𝐧𝐭𝐫𝐢𝐱 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐋𝐭𝐝., 𝐌𝐢𝐭𝐬𝐮𝐛𝐢𝐬𝐡𝐢 𝐇𝐞𝐚𝐯𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬, 𝐒𝐩𝐚𝐜𝐞 𝐄𝐱𝐩𝐥𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐂𝐨𝐫𝐩 (𝐒𝐏𝐀𝐂𝐄𝐗), 𝐀𝐈𝐑𝐁𝐔𝐒 𝐒.𝐀.𝐒 (𝐀𝐫𝐢𝐚𝐧𝐞𝐬𝐩𝐚𝐜𝐞), 𝐒𝐚𝐟𝐫𝐚𝐧 (𝐀𝐫𝐢𝐚𝐧𝐞𝐬𝐩𝐚𝐜𝐞), 𝐓𝐡𝐞 𝐁𝐨𝐞𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 (𝐔𝐧𝐢𝐭𝐞𝐝 𝐋𝐚𝐮𝐧𝐜𝐡 𝐀𝐥𝐥𝐢𝐚𝐧𝐜𝐞), 𝐋𝐨𝐜𝐤𝐡𝐞𝐞𝐝 𝐌𝐚𝐫𝐭𝐢𝐧 𝐂𝐨𝐫𝐩. (𝐔𝐧𝐢𝐭𝐞𝐝 𝐋𝐚𝐮𝐧𝐜𝐡 𝐀𝐥𝐥𝐢𝐚𝐧𝐜𝐞), 𝐒𝐭𝐚𝐭𝐞 𝐒𝐩𝐚𝐜𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐑𝐎𝐒𝐂𝐎𝐒𝐌𝐎𝐒, 𝐑𝐨𝐜𝐤𝐞𝐭 𝐋𝐚𝐛 𝐔𝐒𝐀, 𝐒𝟕 𝐒𝐩𝐚𝐜𝐞 (𝐒𝐞𝐚 𝐋𝐚𝐮𝐧𝐜𝐡), 𝐒𝐭𝐚𝐫𝐬𝐞𝐦, 𝐂𝐡𝐢𝐧𝐚 𝐀𝐞𝐫𝐨𝐬𝐩𝐚𝐜𝐞 𝐒𝐜𝐢𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐍𝐨𝐫𝐭𝐡𝐫𝐨𝐩 𝐆𝐫𝐮𝐦𝐦𝐚𝐧 𝐂𝐨𝐫𝐩.

Space Launch Services Market by Payload (Satellite, Human Spaceflight, Cargo, Testing Probes, and Stratollite), Launch Platform (Land, Air, and Sea), Service Type (Pre-Launch and Post-Launch), Launch Vehicle (Small [Less than 300 ton] and Heavy [Above 300 ton]), and End-User (Government & Military and Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2027

 

"The global space launch services market size was valued at $9.88 billion in 2019 and is projected to reach $32.41 billion by 2027, growing at a CAGR of 15.7%from 2020 to 2027"

 

 

The space launch services market is associated with the activities carried out by space launch service providers. It consists of a series of events such as ordering, conversion, construction, stacking and assembly, integration of payload, and launch. The entry of private launch service providers has resulted in a decrease of the launch cost and introduction of new technologies, thereby marking a new phase in the market.

 

The increase in number of satellite and testing probe launches act as drivers for the space launch services market growth. In addition, the increased government investments and private funds also impact the market growth significantly. However, high initial costs associated with the launch services acts as a market restraint. Also, the interoperability issues faced by companies discourage the market growth. The lack of skilled workforce and resistance to adaptability toward new technologies is one more factor that hampers the market growth. Meanwhile, efforts to reduce cost of launch services offer a lucrative opportunity for the market players which are operating in the space launch services industry. The space launch services market analysis is done by considering all the driving factors responsible for the space launch services market growth globally. Also, the space launch services market forecasted from the year 2020-2027.

Furthermore, the impact of coronavirus pandemic has affected the space industry. In addition, global space related events such as satellite 2020, CABSAT, sea air space, SMi Small Satellites Conference and many others, have either been cancelled or rescheduled. For example, space tech expo and AIxSPACE events that were planned in California and Montreal have been rescheduled to July 2020 & November 2020 respectively. Moreover, Data. Space event in Scotland has also been rescheduled to February 26, 2021. However, despite the current situation, few companies are actively conducting/planning to launch their satellite. For instance, OneWeb, which launched its first large batch of broadband internet satellites in February, still plans to conduct its next launch on March 21, 2020. Similarly, the United Launch Alliance Atlas 5 launch remains scheduled for March 26, 2020 from Florida, because the U.S. Space Forceconsiders its satellite to provide highly secure, nuclear-hardened communications to military forces.

The space launch services market is segmented on the basis of payload, launch platform, service type, launch vehicle, end-user, and region. By payload, it is divided into satellite [(further segmented into small (less than 1,000 kg) and large satellite (above 1,000 kg)], human spacecraft, cargo, testing probes, and stratollite. By launch platform, it is categorized into land, air, and sea. By service type, it is bifurcated into pre-launch and post launch services. On the basis of launch vehicle, it is classified into small (less than 300 tons) and heavy (more than 300 tons). 

The end-user segment is divided into government & military and commercial sectors. Country-wise, it is analyzed across the U.S. Russia, Other European Countries, China, India, Japan, New Zealand and Rest of the World. 

The major key players operating in the space launch services industry include Antrix Corporation Ltd., Mitsubishi Heavy Industries, Space Exploration Technologies Corp (SPACEX), AIRBUS S.A.S (Arianespace), Safran (Arianespace), The Boeing Company (United Launch Alliance), Lockheed Martin Corp. (United Launch Alliance), State Space Corporation ROSCOSMOS, Rocket Lab USA, S7 Space (Sea Launch), Starsem, China Aerospace Science and Technology Corporation and Northrop Grumman Corp. Other players in the value chain of the market include Astrobotic, Firefly Aerospace, Swedish Space Corporation, Maxar Technologies Inc., Vector Launch, Inc., Virgin Galactic, BLUE ORIGIN, and many more.

The most adopted strategies by key market players are contracts, partnership, and joint venture to stay competitive in the space launch services market. For instance, SpaceXwon a contract to launch two Kazakhstan's satellites through Falcon 9 launch rocket as rideshare with several othersatellites.Also, Lockheed Martin Corp and The Boeing Company entered into a joint venture to form the United Launch Services, LLC. Such steps from the leading players are propelling to the raise the global space launch services market share.

Key Benelaunch Platforms For Stakeholders

• The report provides an in-depth analysis of thespace launch services market forecast along with the current and future market trends.

• This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.

• Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the space launch services industry for building strategies.

• A comprehensive analysis of the factors that drive and restrain the marketgrowthis provided in the report.

• The qualitative data in this report aims on market dynamics, space launch services market trends, and developments.

• The space launch services market size is provided in terms of launch services revenue.

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