The global space launch services market size reached US$ 14.6 Billion in 2023. Looking forward, the market is projected to reach US$ 41.3 Billion by 2032, exhibiting a growth rate (CAGR) of 12.25% during 2023-2032.
Space launch, or lift-off, refers to the earliest part of the operations, wherein the rocket or other vehicles, including airborne aircraft and floating ship, are vertically released from the ground. This process involves a series of activities, such as ordering, conversing, stacking, assembling, and integrating payload for launching spacecraft, which in turn, assist in decreasing the set-in motion cost and promoting a smooth launch. On account of these properties, space launch services are extensively deployed by the government, space organizations, and military agencies for performing galaxy explorations. At present, these services are categorized into pre-launch and post-launch.
This is further supported by the implementation of the commercial-off-the-shelf (COTS) approach, which is employed by space companies in the miniaturization methodology for collecting distributed data and experimentation purposes. Moreover, the shifting inclination of space launch service providers toward smaller satellites over traditional satellites for enabling their development in a shorter time frame at lower launch costs is propelling the market growth.
Additionally, the rising demand for low earth orbit (LEO)-based services, such as imagery-based intelligence and space-based communication, is also contributing to the market growth. Apart from this, the extensive investments in research and development (R&D) activities for designing, maintaining, and operating commercial payload facilities is creating a positive outlook for the market.
2. What is the expected growth rate of the global space launch services market during 2024-2032?
3. What has been the impact of COVID-19 on the global space launch services market?
4. What are the key factors driving the global space launch services market?
5. What is the breakup of the global space launch services market based on the payload?
6. What is the breakup of the global space launch services market based on the launch platform?
7. What is the breakup of the global space launch services market based on the service type?
8. What is the breakup of the global space launch services market based on the orbit?
9. What is the breakup of the global space launch services market based on the launch vehicle?
10. What is the breakup of the global space launch services market based on the end user?
11. What are the key regions in the global space launch services market?
12. Who are the key players/companies in the global space launch services market?
Space launch, or lift-off, refers to the earliest part of the operations, wherein the rocket or other vehicles, including airborne aircraft and floating ship, are vertically released from the ground. This process involves a series of activities, such as ordering, conversing, stacking, assembling, and integrating payload for launching spacecraft, which in turn, assist in decreasing the set-in motion cost and promoting a smooth launch. On account of these properties, space launch services are extensively deployed by the government, space organizations, and military agencies for performing galaxy explorations. At present, these services are categorized into pre-launch and post-launch.
Space Launch Services Market Trends
The widespread adoption of space launch services across commercial, government and military and defense sectors on account of the increasing number of aircraft and satellite testing during launches is one of the prime factors currently driving the market growth. In line with this, significant technological advancements, such as the introduction of miniaturization in electronic systems for improving small satellites capabilities by reducing the size of various integrated electronics and hardware is acting as another growth-inducing factor.This is further supported by the implementation of the commercial-off-the-shelf (COTS) approach, which is employed by space companies in the miniaturization methodology for collecting distributed data and experimentation purposes. Moreover, the shifting inclination of space launch service providers toward smaller satellites over traditional satellites for enabling their development in a shorter time frame at lower launch costs is propelling the market growth.
Additionally, the rising demand for low earth orbit (LEO)-based services, such as imagery-based intelligence and space-based communication, is also contributing to the market growth. Apart from this, the extensive investments in research and development (R&D) activities for designing, maintaining, and operating commercial payload facilities is creating a positive outlook for the market.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global space launch services market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on payload, launch platform, service type, orbit, launch vehicle, and end user.Breakup by Payload:
- Satellite
- Small Satellite (Less Than 1000 Kg)
- Large Satellite (Above 1000 Kg)
- Human Spacecraft
- Cargo
- Testing Probes
- Stratollite
Breakup by Launch Platform:
- Land
- Air
- Sea
Breakup by Service Type:
- Pre-Launch
- Post-Launch
Breakup by Orbit:
- Low Earth Orbit (LEO)
- Medium Earth Orbit (MEO)
- Geosynchronous Orbit
- Polar Orbit
Breakup by Launch Vehicle:
- Small Launch Vehicle
- Heavy Launch Vehicle
Breakup by End User:
- Government and Military
- Commercial
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Airbus SE, Antrix Corporation Limited, Arianespace SA, China Great Wall Industry Corporation (China Aerospace Science and Technology Corporation), Mitsubishi Heavy Industries Ltd., Northrop Grumman Corporation, S7 Airlines, Safran S.A., Space Exploration Technologies Corp. and The Boeing Company.Key Questions Answered in This Report
1. What was the size of the global space launch services market in 2023?2. What is the expected growth rate of the global space launch services market during 2024-2032?
3. What has been the impact of COVID-19 on the global space launch services market?
4. What are the key factors driving the global space launch services market?
5. What is the breakup of the global space launch services market based on the payload?
6. What is the breakup of the global space launch services market based on the launch platform?
7. What is the breakup of the global space launch services market based on the service type?
8. What is the breakup of the global space launch services market based on the orbit?
9. What is the breakup of the global space launch services market based on the launch vehicle?
10. What is the breakup of the global space launch services market based on the end user?
11. What are the key regions in the global space launch services market?
12. Who are the key players/companies in the global space launch services market?
Table of Contents
1 Preface3 Executive Summary14 Value Chain Analysis16 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Space Launch Services Market
6 Market Breakup by Payload
7 Market Breakup by Launch Platform
8 Market Breakup by Service Type
9 Market Breakup by Orbit
10 Market Breakup by Launch Vehicle
11 Market Breakup by End User
12 Market Breakup by Region
13 SWOT Analysis
15 Porters Five Forces Analysis
17 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Airbus SE
- Antrix Corporation Limited
- Arianespace SA
- China Great Wall Industry Corporation (China Aerospace Science and Technology Corporation)
- Mitsubishi Heavy Industries Ltd.
- Northrop Grumman Corporation
- S7 Airlines
- Safran S.A.
- Space Exploration Technologies Corp.
- The Boeing Company
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 14.6 Billion |
| Forecasted Market Value ( USD | $ 41.3 Billion |
| Compound Annual Growth Rate | 12.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
