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Let’s dissect some key facts about the satellite launch and space insurance industry in Technavio’s market research report below and how the leading space insurance market vendors are geared for a stellar growth.
Technavio’s analysts have identified the growing number of satellite launches as the major factor to drive the growth of the space insurance market during the forecast period. The demand for satellite-based services such as EO, climate monitoring, and reconnaissance is growing rapidly in many countries. Additionally, advancements of technology coupled with the development of small low-cost satellites and Nanosatellites is expected to contribute to the growth of the satellite launch and space insurance market in the coming few years. Several countries and private spaceflight companies are forecasted to increase their number of satellite launches will also make a favorable impact on the growth of satellite launch and space insurance market over the next five years.
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Satellites and satellite launch vehicles are at high risk during the manufacturing stage owing to the fragility of components and the complex nature of their assembly. There are strong chances of damage to them during transportation to the launch site, integration, and the initial testing phase which compels most companies to growingly opt for satellite and space insurance. The growing demand for EO satellites is also expected to rein in new growth opportunities in the space insurance market. Predominantly, satellite operators are the end-users of satellite launch and space insurance due to the high risk associated with handling and transportation of the satellite launch vehicle. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this satellite launch and space insurance industry analysis report will aid clients to identify new growth opportunities and design innovative strategies for business expansion.
The report offers a complete analysis of some leading satellite launch and space insurance vendors:
Technavio’s market research report covers the following regions:
More than 79% of the market’s incremental growth is expected to come from EMEA over the next five years, followed by the Americas and APAC. The demand for small satellites is high for applications such as scientific exploration and EO as their lower cost enables deployment of several satellites, which allows simultaneous measurement and collection of real-time data. The largest market share was held by the EMEA in 2017 owing to high owned capacity in the region. Also, EMEA and the Americas are forecasted to witness a steady growth, while APAC will experience a decline in their market shares during the next five years.
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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global satellite launch and space insurance market and its stakeholders over the forecast years.
Technavio’s analysts for the satellite launch and space insurance market have also considered how the performance of other related markets in the vertical will impact the size of this market until 2022. Some of the markets most likely to influence the growth of the satellite launch and space insurance over the coming years are the reinsurance market and the insurance brokerage market.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET DESCRIPTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY PRODUCT
PART 09: CUSTOMER LANDSCAPE
PART 10: MARKET SEGMENTATION BY END-USER
PART 11: REGIONAL LANDSCAPE
PART 12: DECISION FRAMEWORK
PART 13: DRIVERS AND CHALLENGES
PART 14: MARKET TRENDS
PART 15: VENDOR LANDSCAPE
PART 16: VENDOR ANALYSIS
PART 17: APPENDIX
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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