HOME Research Insight Agreements & Contracts and Acquisitions were Key Growth Strategies Adopted by Leading Market Players to Strengthen Their Position in the Space Launch Services Market

Agreements & Contracts and Acquisitions were Key Growth Strategies Adopted by Leading Market Players to Strengthen Their Position in the Space Launch Services Market

Agreements & contracts and acquisitions were key growth strategies adopted by industry players to strengthen their foothold in the space launch services market. These strategies helped key market players expand their regional presence and enhance their service offerings.

Antrix Corporation (India), Arianespace (France), Boeing (US), China Great Wall Industry Corporation (China), EUROCKOT (Germany), ILS International (US), Lockheed Martin (US), Mitsubishi Heavy Industries (Japan), Orbital ATK (US), Space Exploration Technologies (US), Space International Services (Russia), Spaceflight (US), Starsem (France) and United Launch Alliance (US) are leading players that have adopted these strategies to enhance their business prospects. The space launch services market was led by Arianespace (France), Space Exploration Technologies (US), Orbital ATK (US), Antrix Corporation (India), and Lockheed Martin (US) in 2017.

Arianespace (France), a key player in the space launch services market, is focused on the adoption of contracts and agreements as key growth strategies to increase its service offerings and market share. For instance, in October 2017, Arianespace secured a launch contract from Embratel Star One and Space Systems Loral to launch the Embratel Star One D2 satellite. This satellite will be launched by an Ariane 5 rocket from the Guiana Space Center, Europe’s Spaceport in French Guiana by 2019.

Space Exploration Technologies (US), formally known as SpaceX, is one of the most influential players in the space launch services market. The company offers light, medium, and heavy lift launch vehicles to deliver satellites/spacecraft into any altitude and inclination. For instance, in October 2017, Space Exploration Technologies secured a contract worth USD 97 million from NASA to provide launch services for the Sentinel-6A mission from the Space Launch Complex 4E at Vandenberg Air Force Base in California, US. This launch is currently targeted for November 2020.

Orbital ATK (US), another key player in the space launch services market, offers a full spectrum of cost-effective engineering, manufacturing, fabrication, project management, and program management services to NASA and other civil government, commercial, and military space agencies. In December 2016, Orbital ATK secured a fixed-price contract worth USD 29.2 million from the US Air Force on behalf of the National Reconnaissance Office (NRO) to launch a Minotaur 1 rocket into space.

Antrix Corporation (India) offers launch services for customer satellites on behalf of ISRO. Currently, Polar Satellite Launch Vehicle (PSLV) and Geosynchronous Satellite Launch Vehicle (GSLV) are the operational launch vehicles of ISRO. Moreover, the company offers transponder provisioning services, launch services, remote sensing services, spacecraft - subsystems and services, mission support services, and ground infrastructure for space-based services under 3 business segments, namely, engineering services for telecommunication & broadcasting projects, geographical information system services, and space transport services.

Lockheed Martin’s business unit Lockheed Martin Commercial Launch Services (LMCLS) provides Atlas V launch services to all non-US government satellite customers worldwide. The company also provides Athena launch services for small satellites and multi-payload rideshare missions.

Related Reports:

Space Launch Services Market by Service Type (Pre-Launch, Post-Launch), Payload (Satellite, Human Spacecraft, Cargo, Testing Probes, Stratollite), End User, Orbit, Launch Vehicle Size, Launch Platform, and Region - Global Forecast to 2025

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