This report describes and explains the space launch services market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global space launch services market reached a value of nearly $9.15 billion in 2023, having grown at a compound annual growth rate (CAGR) of 10.10% since 2018. The market is expected to grow from $9.15 billion in 2023 to $19.23 billion in 2028 at a rate of 16.01%. The market is then expected to grow at a CAGR of 13.05% from 2028 and reach $35.51 billion in 2033.
Growth in the historic period resulted from the rise in government investment in space exploration activities, increased deployment of small satellites, growing internet penetration and expansion of communication and broadband networks. Factors that negatively affected growth in the historic period include economic uncertainties or downturns.
Going forward, the increasing number of satellites launches, expansion of space programs, rising demand for commercial non-geostationary satellite orbit (NGSO) space launches, strong economic growth in emerging markets and large-scale investments by private firms in space exploration missions will drive the market. Factors that could hinder the growth of the space launch services market in the future include budget constraints and supply chain disruptions.
The space launch services market is segmented by service type into pre-launch services and post-launch services. The pre-launch services market was the largest segment of the space launch services market segmented by service type, accounting for 77.29% or $7.07 billion of the total in 2023. Going forward, the post-launch services segment is expected to be the fastest growing segment in the space launch services market segmented by service type, at a CAGR of 16.26% during 2023-2028.
The space launch services market is segmented by launch platform into land, air and sea. The land market was the largest segment of the space launch services market segmented by launch platform, accounting for 88.49% or $8.1 billion of the total in 2023. Going forward, the sea segment is expected to be the fastest growing segment in the space launch services market segmented by launch platform, at a CAGR of 22.59% during 2023-2028.
The space launch services market is segmented by end use into commercial and military and government. The commercial market was the largest segment of the space launch services market segmented by end use, accounting for 58.36% or $5.34 billion of the total in 2023. Going forward, the commercial segment is expected to be the fastest growing segment in the space launch services market segmented by end use, at a CAGR of 17.07% during 2023-2028.
The space launch services market is segmented by orbit into low earth orbit (LEO), medium earth orbit (MEO), geosynchronous orbit (GEO) and beyond geosynchronous orbit. The low earth orbit market was the largest segment of the space launch services market segmented by orbit, accounting for 75.49% or $6.91 billion of the total in 2023. Going forward, the low earth orbit segment is expected to be the fastest growing segment in the space launch services market segmented by orbit, at a CAGR of 16.99% during 2023-2028.
The space launch services market is segmented by payload into satellites, human spacecraft, cargo, testing probes and other payloads. The satellites market was the largest segment of the space launch services market segmented by payload, accounting for 78.80% or $7.21 billion of the total in 2023. Going forward, the human spacecraft segment is expected to be the fastest growing segment in the space launch services market segmented by payload, at a CAGR of 21.88% during 2023-2028.
North America was the largest region in the space launch services market, accounting for 44.80% or $4.1 billion of the total in 2023. It was followed by Asia-Pacific, Eastern Europe and then the other regions. Going forward, the fastest-growing regions in the space launch services market will be Asia-Pacific and Africa, where growth will be at CAGRs of 17.47% and 16.95% respectively. These will be followed by the Middle East and South America where the markets are expected to grow at CAGRs of 16.41% and 15.67% respectively.
The global space launch services market is highly concentrated, with large players dominating the market. The top ten competitors in the market made up to 77.27% of the total market in 2023. Space Exploration Technologies Corp. (Space X) was the largest competitor with a 25.66% share of the market, followed by Arianespace S.A. (ArianeGroup) with 8.39%, United Launch Alliance (ULA) with 8.19%, Northrop Grumman Corporation with 7.81%, National Aeronautics and Space Administration (NASA) with 7.26%, Blue Origin LLC with 6.23%, Boeing Defense, Space & Security (Boeing Company) with 6.13%, China Aerospace Science And Technology Corporation (China Great Wall Industry Corporation (CGWIC)) with 6.07%, Rocket Lab U.S.A. with 0.79X% and Relativity Space Inc. with 0.74%.
The top opportunities in the space launch services market segmented by service type will arise in the pre-launch services segment, which will gain $7.74 billion of global annual sales by 2028. The top opportunities in the space launch services market segmented by launch platform will arise in the land segment, which will gain $8.35 billion of global annual sales by 2028. The top opportunities in the space launch services market segmented by end use will arise in the commercial segment, which will gain $6.4 billion of global annual sales by 2028. The top opportunities in the space launch services market segmented by orbit will arise in the low earth orbit segment, which will gain $8.23 billion of global annual sales by 2028. The top opportunities in the space launch services market segmented by payload will arise in the satellite segment, which will gain $7.74 billion of global annual sales by 2028. The space launch services market size will gain the most in the USA at $3.59 billion.
Market-trend-based strategies for the space launch services market include focus on launching new satellites for environmental monitoring and disaster management, collaborations and agreements to foster sustainable space launch missions and offering cost-effective satellite launches to cater to the growing demand.
Player-adopted strategies in the space launch services market include focus on strengthening business operations through strategic partnerships and new space launches.
To take advantage of the opportunities, the analyst recommends the space launch services companies to focus on post-launch services segment for optimal growth, focus on satellite launches for environmental monitoring, focus on cost-effective satellite launch solutions, focus on sustainable space launch collaborations, expand in emerging markets, provide competitively priced offerings, focus on strategic partnerships for promotion, continue to use B2B promotions and focus on the commercial space segment.
The global space launch services market reached a value of nearly $9.15 billion in 2023, having grown at a compound annual growth rate (CAGR) of 10.10% since 2018. The market is expected to grow from $9.15 billion in 2023 to $19.23 billion in 2028 at a rate of 16.01%. The market is then expected to grow at a CAGR of 13.05% from 2028 and reach $35.51 billion in 2033.
Growth in the historic period resulted from the rise in government investment in space exploration activities, increased deployment of small satellites, growing internet penetration and expansion of communication and broadband networks. Factors that negatively affected growth in the historic period include economic uncertainties or downturns.
Going forward, the increasing number of satellites launches, expansion of space programs, rising demand for commercial non-geostationary satellite orbit (NGSO) space launches, strong economic growth in emerging markets and large-scale investments by private firms in space exploration missions will drive the market. Factors that could hinder the growth of the space launch services market in the future include budget constraints and supply chain disruptions.
The space launch services market is segmented by service type into pre-launch services and post-launch services. The pre-launch services market was the largest segment of the space launch services market segmented by service type, accounting for 77.29% or $7.07 billion of the total in 2023. Going forward, the post-launch services segment is expected to be the fastest growing segment in the space launch services market segmented by service type, at a CAGR of 16.26% during 2023-2028.
The space launch services market is segmented by launch platform into land, air and sea. The land market was the largest segment of the space launch services market segmented by launch platform, accounting for 88.49% or $8.1 billion of the total in 2023. Going forward, the sea segment is expected to be the fastest growing segment in the space launch services market segmented by launch platform, at a CAGR of 22.59% during 2023-2028.
The space launch services market is segmented by end use into commercial and military and government. The commercial market was the largest segment of the space launch services market segmented by end use, accounting for 58.36% or $5.34 billion of the total in 2023. Going forward, the commercial segment is expected to be the fastest growing segment in the space launch services market segmented by end use, at a CAGR of 17.07% during 2023-2028.
The space launch services market is segmented by orbit into low earth orbit (LEO), medium earth orbit (MEO), geosynchronous orbit (GEO) and beyond geosynchronous orbit. The low earth orbit market was the largest segment of the space launch services market segmented by orbit, accounting for 75.49% or $6.91 billion of the total in 2023. Going forward, the low earth orbit segment is expected to be the fastest growing segment in the space launch services market segmented by orbit, at a CAGR of 16.99% during 2023-2028.
The space launch services market is segmented by payload into satellites, human spacecraft, cargo, testing probes and other payloads. The satellites market was the largest segment of the space launch services market segmented by payload, accounting for 78.80% or $7.21 billion of the total in 2023. Going forward, the human spacecraft segment is expected to be the fastest growing segment in the space launch services market segmented by payload, at a CAGR of 21.88% during 2023-2028.
North America was the largest region in the space launch services market, accounting for 44.80% or $4.1 billion of the total in 2023. It was followed by Asia-Pacific, Eastern Europe and then the other regions. Going forward, the fastest-growing regions in the space launch services market will be Asia-Pacific and Africa, where growth will be at CAGRs of 17.47% and 16.95% respectively. These will be followed by the Middle East and South America where the markets are expected to grow at CAGRs of 16.41% and 15.67% respectively.
The global space launch services market is highly concentrated, with large players dominating the market. The top ten competitors in the market made up to 77.27% of the total market in 2023. Space Exploration Technologies Corp. (Space X) was the largest competitor with a 25.66% share of the market, followed by Arianespace S.A. (ArianeGroup) with 8.39%, United Launch Alliance (ULA) with 8.19%, Northrop Grumman Corporation with 7.81%, National Aeronautics and Space Administration (NASA) with 7.26%, Blue Origin LLC with 6.23%, Boeing Defense, Space & Security (Boeing Company) with 6.13%, China Aerospace Science And Technology Corporation (China Great Wall Industry Corporation (CGWIC)) with 6.07%, Rocket Lab U.S.A. with 0.79X% and Relativity Space Inc. with 0.74%.
The top opportunities in the space launch services market segmented by service type will arise in the pre-launch services segment, which will gain $7.74 billion of global annual sales by 2028. The top opportunities in the space launch services market segmented by launch platform will arise in the land segment, which will gain $8.35 billion of global annual sales by 2028. The top opportunities in the space launch services market segmented by end use will arise in the commercial segment, which will gain $6.4 billion of global annual sales by 2028. The top opportunities in the space launch services market segmented by orbit will arise in the low earth orbit segment, which will gain $8.23 billion of global annual sales by 2028. The top opportunities in the space launch services market segmented by payload will arise in the satellite segment, which will gain $7.74 billion of global annual sales by 2028. The space launch services market size will gain the most in the USA at $3.59 billion.
Market-trend-based strategies for the space launch services market include focus on launching new satellites for environmental monitoring and disaster management, collaborations and agreements to foster sustainable space launch missions and offering cost-effective satellite launches to cater to the growing demand.
Player-adopted strategies in the space launch services market include focus on strengthening business operations through strategic partnerships and new space launches.
To take advantage of the opportunities, the analyst recommends the space launch services companies to focus on post-launch services segment for optimal growth, focus on satellite launches for environmental monitoring, focus on cost-effective satellite launch solutions, focus on sustainable space launch collaborations, expand in emerging markets, provide competitively priced offerings, focus on strategic partnerships for promotion, continue to use B2B promotions and focus on the commercial space segment.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Space Launch Services Market - Macro Economic Scenario
9 Regional Space Launch Activity Forecasts in The US States
10 Global Market Size and Growth
11 Global Space Launch Services Market Segmentation
12 Space Launch Services Market, Regional and Country Analysis
13 Asia-Pacific Market
14 Western Europe Market
15 Eastern Europe Market
16 North America Market
17 South America Market
18 Middle East Market
19 Africa Market
20 Competitive Landscape and Company Profiles
23 Key Mergers and Acquisitions
24 Opportunities and Strategies
25 Space Launch Services Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Space Launch Services Global Market Opportunities And Strategies To 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global space launch services market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for space launch services? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The space launch services market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider space launch services market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by service type, by launch platform, by end use, by orbit and by payload.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the space launch services market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by service type, by launch platform, by end use, by orbit and by payload in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for space launch services providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Service Type: Pre-Launch Services; Post-Launch Services2) By Launch Platform: Land; Air; Sea
3) By End Use: Commercial; Military And Government
4) By Orbit: Low Earth Orbit (LEO); Medium Earth Orbit (MEO); Geosynchronous Orbit (GEO); Beyond Geosynchronous Orbit
5) By Payload: Satellites; Human Spacecraft; Cargo; Testing Probes; Other Payloads
Key Companies Mentioned: Space Exploration Technologies Corp. (Space X); Arianespace S.A. (ArianeGroup); United Launch Alliance (ULA); Northrop Grumman Corporation; National Aeronautics and Space Administration (NASA).
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; space launch services indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Space Exploration Technologies Corp. (Space X)
- Arianespace S.A. (ArianeGroup)
- United Launch Alliance (ULA)
- Northrop Grumman Corporation
- National Aeronautics and Space Administration (NASA).
- Blue Origin LLC.
- Boeing Defense, Space & Security (Boeing Company)
- China Aerospace Science And Technology Corporation (China Great Wall Industry Corporation (CGWIC))
- Rocket Lab U.S.A.
- Relativity Space Inc.
- Deep Blue Aerospace
- OneSpace
- Equatorial Space Systems (ESS)
- Equatorial Launch Australia (ELA)
- Gilmour Space Technologies
- Orienspace
- Galactic Energy
- Skyroot Aerospace Private Limited
- Exolaunch GmbH
- Isar Aerospace Technologies
- Payload Aerospace S.L.
- D-Orbit
- SpaceForest
- Liftero
- Orbital Matter
- PLD Space
- GHGSat
- MDA Ltd.
- Magellan Aerospace Corporation
- Telesat
- Slingshot Aerospace
- Maritime Launch Services Inc.
- The Spaceport Company
- LeoLabs
- SpaceX
- Intelsat S.A.
- L3Harris Technologies, Inc.
- ABL Space Systems
- Exos Aerospace
- Astrobotic Technology
- Sierra Nevada Corporation
- Voyager Space Holdings, Inc.
- Firefly Aerospace
- Vector Launch, Inc
- VENG S.A.
- INVAP S.E.
- Embraer Defesa e Segurança Participações S.A.
- Envisions Space Technology SA
- ENAER
- Tlon Space S.A.
- Al Yah Satellite Communications Company P.J.S.C. (Yahsat)
- Roketsan
- Spacecom, or Space Communication
- Türksat
- Thuraya
- South African National Space Agency (SANSA)
- Solcon Capital
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 308 |
| Published | September 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 9.2 Billion |
| Forecasted Market Value ( USD | $ 35.5 Billion |
| Compound Annual Growth Rate | 14.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 57 |
