Global Satellite Launch and Space Insurance Market 2018-2022| Growing Demand for Small Satellites to Boost Demand| Technavio

September 19, 2018

LONDON--(BUSINESS WIRE)--Sep 19, 2018--The global satellite launch and space insurance market 2018-2022 is expected to grow to USD 1,311 million during the forecast period, according to the latest market research report by .

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Technavio has published a new market research report on the global satellite launch and space insurance market for the period 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the rising number of satellite launches. The demand for satellite-based services such as EO, climate monitoring, and reconnaissance from the telecommunication industry is growing in several countries. Advances in satellite technology and the development of low-cost small satellites and nanosatellites have also increased the demand for new satellites. Several countries and private spaceflight companies are planning to increase their number of satellite launches during the forecast period.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the growing demand for small satellites as one of the key emerging trends in the global satellite launch and space insurance market:

Global satellite launch and space insurance market: The growing demand for small satellites

The number of small satellites that were launched into the orbit had increased significantly in the last decade. Small satellites could be as small as a shoe box or as large as a washing machine.

“Small satellites cost less and require low capital investment to manufacture. The demand for small satellites is high for applications such as scientific exploration and EO as the low cost allows the deployment of several satellites, which enables simultaneous measurement and collection of real-time data,” says a senior analyst at Technavio.

Global satellite launch and space insurance market: Segmentation analysis

This market research report segments the global satellite launch and space insurance market by product (launch insurance and space insurance), by end-user (satellite manufacturers and satellite operators), and geographical regions (APAC, EMEA, and the Americas).

The EMEA led the market in 2017 with a market share of close to 77%, followed by APAC and the Americas respectively. The region is expected to continue to dominate the market during the forecast period.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/19/2018 01:48 PM/DISC: 09/19/2018 01:48 PM


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