The global space launch services market size reached US$ 11.32 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.62 Billion by 2027, exhibiting a growth rate (CAGR) of 14.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global space launch services market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on payload, launch platform, service type, orbit, launch vehicle and end user.
Breakup by Payload:
Small Satellite (Less Than 1000 Kg)
Large Satellite (Above 1000 Kg)
Breakup by Launch Platform:
Breakup by Service Type:
Breakup by Orbit:
Low Earth Orbit (LEO)
Medium Earth Orbit (MEO)
Breakup by Launch Vehicle:
Small Launch Vehicle
Heavy Launch Vehicle
Breakup by End User:
Government and Military
Breakup by Region:
Middle East and Africa
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:
How has the global space launch services market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global space launch services market?
What are the key regional markets?
What is the breakup of the market based on the payload?
What is the breakup of the market based on the launch platform?
What is the breakup of the market based on the service type?
What is the breakup of the market based on the orbit?
What is the breakup of the market based on the launch vehicle?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global space launch services market and who are the key players?
What is the degree of competition in the industry?