Space Launch Services Market Overview and Insights:
According to Markntel Advisors Report, Space Launch Services Market size was valued at around USD 15.2 billion in 2024 and is projected to reach USD 35 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 14% during the forecast period, i.e., 2025-30.
Space Launch Services Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
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Industry Growth Driver:
Increasing Demand for Payload Launches – The demand from various government and private organizations to launch their payloads into space is increasing to enhance their services and operations such as; weather forecasting, navigation, communication, etc. These payloads include satellites, human space crafts, cargo, etc., that are equipped on rockets and transported to their desired orbits in space. As a result, the demand for space launch service providers increases as some organizations do not have launch vehicles while some want to ensure safe & fast transport. For instance,
What is Included in Space Launch Services Market Segmentation?
The report has segmented the market into the following categories:
By Orbit
- Lower Earth Orbit- Market Size & Forecast 2020-2030, USD Million
- Medium Earth Orbit- Market Size & Forecast 2020-2030, USD Million
- Geostationary Orbit- Market Size & Forecast 2020-2030, USD Million
- Beyond Earth Orbit- Market Size & Forecast 2020-2030, USD Million
Based on the orbit, most of the payloads, primarily the satellites are sent to Lower Earth Orbit (LEO). This is because LEO is the closest orbit to Earth and is the area of space below an altitude of about 2,000 km, which makes it easy to access for various small and medium satellites while being cost-efficient. Many different types of satellites are launched in LEO, including communication satellites, Earth observation satellites, scientific satellites, and satellites for the International Space Station as this orbit provides the lowest latency in communication, clear pictures of Earth, and accurate scientific reports. Moreover, many large constellations of small satellites are present in LEO. For instance, SpaceX’s Starlink constellation is present in LEO which aims to provide global mobile broadband services. Therefore, due to the highest number of satellites present in LEO, it holds a major share of around 52%.
By Payload
- Satellite - Market Size & Forecast 2020-2030, USD Million
- Cargo- Market Size & Forecast 2020-2030, USD Million
- Human Spacecraft- Market Size & Forecast 2020-2030, USD Million
- Scientific Instruments- Market Size & Forecast 2020-2030, USD Million
By Launching Vehicle
- Small Lift Launch Vehicle- Market Size & Forecast 2020-2030, USD Million
- Medium Lift Launch Vehicle- Market Size & Forecast 2020-2030, USD Million
- Heavy Lift Launch Vehicle- Market Size & Forecast 2020-2030, USD Million
- By End-User
- Commercial- Market Size & Forecast 2020-2030, USD Million
- Government & Military- Market Size & Forecast 2020-2030, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Who are the Key Players Operating in the Space Launch Services Industry?
The top companies of the Space Launch Services market ruling the industry are:
- Northrop Grumman
- SpaceX
- Rocket Lab
- United Launch Alliance
- Blue Origin
- Antrix Corporation Limited
- Arianespace
- Skyroot Aerospace
- Relativity Space
- Galactic Energy
- International Launch Services
- NewSpace India Limited
- Mitsubishi Heavy Industries
- PLD Space
- Firefly Aerospace
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FAQs (Frequently Ask Questions)
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- What are the trends influencing the current scenario of the Space Launch Services Market?
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- Which geographical area dominates the Space Launch Services industry?
- Which is the Leading segment in the market?
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