Friday 4 January 2019, AmsterdamThe global launch system payload market is expected to reach $23.53 billion by 2028, according to a new market intelligence report, titled Global Launch System Payload Market, Analysis & Forecast, 2018 - 2028, . Launch vehicles are an essential part of the space economy, as these play a crucial role in delivering payloads (cargo, passengers, spacecraft, or any other equipment that needs to be carried to space) into the Earth’s orbit. Many of the launch vehicles built at the beginning of The Space Age (i.e., the 1950s) were government-led projects specifically. Only in the early 2010s, did the private players started emerging in the field of space technology. The private sector, in fact, started developing launch-vehicles and offered space launch-services for commercial as well as government end users.