Market Share for Satellite Launch Vehicle
The market is consolidated as space launch vehicles are not easy to develop, requiring years of expertise and tonnes of money. This is why only a few major companies are able to manufacture rockets at scale for commercial and government satellite launches. Moreover, due to the expensive and critical nature of rockets, satellites, and space exploration programs in general, users generally preferred the established players.
In recent years, players operating in the satellite launch vehicle market have been involved in several strategic and technological developments in order to achieve industry dominance. Some of the strategic measures taken by the players are product development and innovation, partnerships and collaborations, and business expansions and investments.
Key Manufacturers of Satellite Launch Vehicles:
- Space Exploration Technologies Corp. (SpaceX)
- Blue Origin Enterprises L.P.
- Innovative Solutions in Space B.V. (ISISPACE)
- Mitsubishi Heavy Industries Ltd.
- Northrop Grumman Corporation
- The Boeing Company
- Indian Space Research Organisation (ISRO)
- Japan Aerospace Exploration Agency (JAXA)
- National Aeronautics and Space Administration (NASA)
- European Space Agency (ESA)
- Lockheed Martin Corporation
- State Corporation for Space Activities (Roscosmos)
