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The global carrier rocket market size is expected to grow at a CAGR of 9.0% between 2024 and 2032. The market is being driven by evolution of satellite technology, rising demand for launch services, and reduced costs.
A carrier rocket is a type of rocket that is designed to launch a payload such as a satellite or spacecraft into a specific trajectory or orbit. These rockets are typically strong and light launch vehicles that are commonly used to carry cargo for resupply missions.
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Based on payload type, the market is segmented into cargo, and satellite, among others. On the basis of payload carrying capacity, the market is divided into less than 4 tons, 4 tons to 8 tons, and above 8 tons. By range, the market is categorised into LEO, MEO, and GEO, among others. Based on end use, the market is bifurcated into government and commercial. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
As the space industry evolves, the demand for advanced rocket carriers is on the rise. These rocket carriers are essential for launching satellites, transporting cargo, and supporting various space missions. The development of new rocket carriers with enhanced payload capacities and efficiencies is crucial to meet the growing needs of both governmental and commercial entities. Innovations in rocket carrier technology aim to improve reliability, reduce costs, and expand access to space. The increasing frequency of space missions and the expansion of space exploration programs highlight the pivotal role that rocket carriers will play in the future of space travel and satellite deployment.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global carrier rocket market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The satellite segment, by payload type, accounts for a significant share of the carrier rocket market owing to the rising demand for well-developed satellites in commercial end uses. Satellites helps telecommunications organisations implement high speed internet services all across the globe. They also aid the aviation sector in managing air traffic owing to their ability to support more efficient communication between the pilot and the air traffic controller. Satellites are also a key component in various government applications, particularly defence and security.
North America occupies a sizable share of the carrier rocket market, supported by the active space exploration sector in countries such as the United States. Development of reusable rockets are being adopted by key players in the region in an aim to reduce launching costs and delays, thereby supporting the growth of the market for carrier rockets. Meanwhile, the Asia Pacific region is expected to observe rapid growth in the market for carrier rockets over the forecast period owing to the rising space exploration activities in countries such as India, Japan, and China.
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Galactic Energy was founded in 2018 and is headquartered in Beijing, China. This space launch company works with an objective to mine asteroids for rare minerals and metals and focuses on low-cost commercial space launches.
Antrix Corporation Ltd. is defence and space manufacturing company that was founded in 1992. It is headquartered in Karnataka, India, and is known for promoting and marketing services and products emanating from Indian space programs.
IHI Corporation was established in 1853 and has its headquarters located in Tokyo, Japan. This machinery industry company manufactures and sells space launch vehicles, gas engines, ships, and aircraft engines, among others.
Other market players include Arianespace, Lockheed Martin Corporation, Northrop Grumman, CubeCab, Israel Aerospace Industries, Rocket Lab USA, Inc., Space Exploration Technologies Corp. (SpaceX), Blue Origin Enterprise, L.P, and Mitsubishi Heavy Industries, Ltd., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Payload Type |
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Breakup by Payload Carrying Capacity |
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Breakup by Range |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is expected to grow at a CAGR of 9.0% between 2024 and 2032.
The key drivers in the market are rising space exploration activities and reduced launch cost of carrier rockets.
The key trends of the market are rising demand from end use industries, increasing investments in the evolution of satellite technologies, and technological innovations in carrier rockets.
The primary payload types of carrier rockets are cargo, and satellite, among others.
The various payload carrying capacities of carrier rockets in the market are less than 4 tons, 4 tons to 8 tons, and above 8 tons.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The significant end uses of carrier rockets are government and commercial.
The key players in the carrier rocket market, according to the report, are Galactic Energy, Antrix Corporation Ltd., IHI Corporation, Arianespace, Lockheed Martin Corporation, Northrop Grumman, CubeCab, Israel Aerospace Industries, Rocket Lab USA, Inc., Space Exploration Technologies Corp. (SpaceX), Blue Origin Enterprise, L.P, and Mitsubishi Heavy Industries, Ltd., among others.
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