New revolution in space services market generates high demand and product growth prospects 2020-2027



[180 Pages] Space services market drivers, restraints, and opportunities along with detailed analysis of the global market share by 2027

PORTLAND, ORAGON, USA, September 20, 2021 / – Space Services Market Outlook – 2027

The space services industry refers to the economic activities related to the manufacture of components that go into Earth orbit or beyond, their delivery to these regions and related services. Space services include satellite manufacturing, ground support equipment manufacturing and launch services, mobile terminals, gateways, control stations, very small aperture terminals or VSATs, broadcast satellite dishes direct and other specialized equipment. In addition, space services include launch services, vehicle manufacturing, and subsystem manufacturing.

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Major players analyzed in the report include Antrix Corporation, Arianespace, Boeing, China Great Wall Industry Corporation, EUROCKOT, ILS International, Lockheed Martin, Mitsubishi Heavy Industries, Orbital ATK, Space Exploration Technologies

COVID-19 scenario analysis

The global space services market is severely affected by the outbreak of the COVID-19 pandemic.
The COVID-19 pandemic has resulted in declining economic growth in almost all major countries, affecting consumption patterns.
Due to the lockdown implemented in various countries, domestic and international transport has been hampered, which has significantly affected the supply chain of many industries around the world, increasing the gap between supply and demand. .
Thus, insufficient supply of raw materials is expected to hamper the growth of the market.
However, this situation is expected to improve as the government has started to relax the standards around the world for resuming business activities.

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Main impact factors: analysis of market scenarios, trends, drivers and impact analysis

The growing use of space technology in communications, positioning services, Earth observation, and economic activity related to government-funded space programs is a major driver of the space services market.

In addition, space services have various applications in weather forecasting and climate monitoring for accurate weather forecasting made possible by space systems, which have become an essential part of our daily life, impacting government, the industry and personal decision-making.

In addition, Earth observation satellites also monitor greenhouse gases and other critical climate indicators, as well as the overall health of the Earth’s ecosystem. Without this type of environmental information from satellites, plans to fight climate change would have less scientific basis.

In addition, the space service through Earth observation provides information and support for agricultural production, fisheries management, freshwater management and forest management, as well as monitoring of harmful activities, such as the illegal logging, poaching, fires and mining harmful to the environment.

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Space communication skills positively impact almost every aspect of human civilization. All of these uses of space services will further stimulate the market for space services.

The trends in the space services market are as follows:

Growing use of the mega constellation

Megaconstellations, also known as low-orbiting satellite constellations, or LEOs, are networks of networked satellites, which orbit the Earth at altitudes of 2,000 km or less. This is an emerging trend with tremendous potential, which has the potential to improve the efficiency, capacity and security of a variety of Earth-based commercial customer services by dramatically reducing communication latency, while increasing the throughput and global coverage.

Recently, SpaceX successfully launched another 60 Starlink satellites, its third Starlink mission in 2020 and its fifth in total, as it continues to rapidly expand its mega constellation to provide high-speed internet around the world.

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In addition, amazon is also launching the Kuiper project. Project Kuiper is a constellation of 3,236 satellites that Amazon plans to deploy in low earth orbit for high throughput, low latency and high throughput.

Growing trend of spatial data centers

Data centers are centralized locations where IT and network equipment is concentrated for the purpose of collecting, storing, processing, distributing or providing access to large amounts of data. They provide important services such as data storage, backup and restore, data management and networking.

Data centers are essential to the Internet which drives much of today’s economy, but they consume huge and increasing amounts of electricity. Today, data centers are often located in cold climates to take advantage of lower operating temperatures and cooling loads.

However, if the data is placed in space and its power supply is directly in space using virtually unlimited solar energy, to remove the burden on earth’s electrical systems to power them.
There are several advantages, including increased physical security, reduced signal transmission times, and superior performance of rotating microgravity hard drives. It is possible that space data centers will eventually become profitable, leading to lower demand for electricity and lower carbon emissions on Earth.

Main advantages of the report:

This study presents the analytical description of the space services market along with current trends and future estimates to determine impending investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the Space Services market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the space services market.
Porter’s Five Forces Analysis illustrates the power of buyers and suppliers in the marketplace.
The report provides a detailed analysis of the space services market based on the intensity of competition and how the competition will shape in the coming years.

Questions Answered in the Space Services Market Report:

Who are the main players active in the space services market?
What are the current trends that will influence the market in the coming years?
What are the driving factors, constraints and opportunities in the market?
What are the projections for the future that could help take further strategic action?

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