Global Space Launch Services Market is predicted to reach USD 44.24 billion at a CAGR of 13.43% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Global Space Launch Services Market” that contains information from 2030 to 2030. The Global Space Launch Services Market is estimated to register a CAGR of 13.43% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the Global Space Launch Services Market— Antrix Corporation Limited, Arianespace, China Great Wall Industry Corporation, Eurockot Launch Services, International Launch Services Inc, ISC Kosmotras, Mitsubishi Heavy Industries, Orbital ATK, SpaceX, US Spaceflight Industries Inc.
Global Space Launch Services Market is accounted to register a CAGR of 13.43% during the forecast period and is estimated to reach USD 44.24 Billion by 2030.
Space Launch Services refer to the range of services and capabilities provided by organizations involved in the launch of spacecraft into space. These services encompass the planning, preparation, and execution of rocket launches to deliver satellites, scientific payloads, or other spacecraft into various orbits or trajectories. Space launch service providers offer expertise in mission design, launch vehicle manufacturing, payload integration, launch operations, and range safety. They ensure the successful deployment of spacecraft into space, adhering to strict safety protocols and regulatory requirements. Space launch services are critical for space exploration, satellite deployment, communications, Earth observation, scientific research, and other applications requiring access to space.
The Global Space Launch Services Market has been segmented based on Service Type, End-Use.
Based on Service Type, the market is segmented into Pre-Launch Services, Post-Launch Services. The Pre-Launch Services category dominates the Space Launch Services market broader categories such as launch vehicle manufacturing, launch operations, payload integration, and mission design, rather than a specific category like Pre-Launch Services.
Based on End-Use, the market is segmented into Commercial, Military, and Government. The Commercial category dominates the Space Launch Services market due to the increasing involvement of private companies and commercial entities in launching satellites and spacecraft for various commercial applications such as communication, Earth observation, and scientific research.
The Global Space Launch Services Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Space Launch Services Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Space Launch Services Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Space Launch Services Market comprises of Middle East, Africa, and Latin America.
The North American region holds the largest market share globally, dominating due to the presence of countries like the US, Canada, and Mexico, where health-conscious consumers drive market demand.
North America emerged as the dominant region in the Space Launch Services market and is expected to maintain its position as the largest regional market throughout the forecast period. This can be attributed to significant investments made by space agencies and private companies in advancing satellite technologies. Europe is anticipated to be the second-largest region in the Space Launch Services market, driven by space exploration activities in countries such as Russia, Germany, the UK, and France. The market growth in Europe is further propelled by major Launch Service Providers (LSPs) including Arianespace, Eurockot Launch Services, and ISC Kosmotras.
Key Findings of the Study