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Global Carrier Rocket Market Size, Share, Growth, Analysis, Forecast: By Payload Type: Cargo, Satellite, Others; By Payload Carrying Capacity: Less than 4 Tons, 4 Tons to 8 Tons, Above 8 Tons; By Range: LEO, MEO, GEO, Others; By End Use: Government, Commercial; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Carrier Rocket Market Outlook
The global carrier rocket market size is expected to grow at a CAGR of 9.0% between 2024 and 2032. The market is being driven by evolution of satellite technology, rising demand for launch services, and reduced costs.
Key Trends in the Market
A carrier rocket is a type of rocket that is designed to launch a payload such as a satellite or spacecraft into a specific trajectory or orbit. These rockets are typically strong and light launch vehicles that are commonly used to carry cargo for resupply missions.
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- Rising demand for satellites from end users such as telecommunications, defence, and space exploration, among others, is surging the demand for carrier rockets to easily transport satellites into desired orbits.
- Various commercial and government organisations are increasingly investing in the evolution of satellite technologies such as advanced payload systems and spacecraft propulsion, among others, which is a major factor fuelling the carrier rocket market growth.
- Reduced launch costs along with rising innovations in carrier rockets such as development of reusable rocket technologies has made launch services affordable, resulting in an increased demand for carrier rockets.
Market Analysis
Based on payload type, the market is segmented into cargo, and satellite, among others. On the basis of payload carrying capacity, the market is divided into less than 4 tons, 4 tons to 8 tons, and above 8 tons. By range, the market is categorised into LEO, MEO, and GEO, among others. Based on end use, the market is bifurcated into government and commercial. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global carrier rocket market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Galactic Energy
- Antrix Corporation Ltd.
- IHI Corporation
- Arianespace
- Lockheed Martin Corporation
- Northrop Grumman
- CubeCab
- Israel Aerospace Industries
- Rocket Lab USA, Inc.
- Space Exploration Technologies Corp. (SpaceX)
- Blue Origin Enterprise, L.P
- Mitsubishi Heavy Industries, Ltd.
- Others
Market Share by Payload Type
The satellite segment, by payload type, accounts for a significant share of the carrier rocket market owing to the rising demand for well-developed satellites in commercial end uses. Satellites helps telecommunications organisations implement high speed internet services all across the globe. They also aid the aviation sector in managing air traffic owing to their ability to support more efficient communication between the pilot and the air traffic controller. Satellites are also a key component in various government applications, particularly defence and security.
Market Share by Region
North America occupies a sizable share of the carrier rocket market, supported by the active space exploration sector in countries such as the United States. Development of reusable rockets are being adopted by key players in the region in an aim to reduce launching costs and delays, thereby supporting the growth of the market for carrier rockets. Meanwhile, the Asia Pacific region is expected to observe rapid growth in the market for carrier rockets over the forecast period owing to the rising space exploration activities in countries such as India, Japan, and China.
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Competitive Landscape
Galactic Energy was founded in 2018 and is headquartered in Beijing, China. This space launch company works with an objective to mine asteroids for rare minerals and metals and focuses on low-cost commercial space launches.
Antrix Corporation Ltd. is defence and space manufacturing company that was founded in 1992. It is headquartered in Karnataka, India, and is known for promoting and marketing services and products emanating from Indian space programs.
IHI Corporation was established in 1853 and has its headquarters located in Tokyo, Japan. This machinery industry company manufactures and sells space launch vehicles, gas engines, ships, and aircraft engines, among others.
Other market players include Arianespace, Lockheed Martin Corporation, Northrop Grumman, CubeCab, Israel Aerospace Industries, Rocket Lab USA, Inc., Space Exploration Technologies Corp. (SpaceX), Blue Origin Enterprise, L.P, and Mitsubishi Heavy Industries, Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Payload Type |
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| Breakup by Payload Carrying Capacity |
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| Breakup by Range |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Carrier Rocket Market Analysis
8.1 Key Industry Highlights
8.2 Global Carrier Rocket Historical Market (2018-2023)
8.3 Global Carrier Rocket Market Forecast (2024-2032)
8.4 Global Carrier Rocket Market by Payload Type
8.4.1 Cargo
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Satellite
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Carrier Rocket Market by Payload Carrying Capacity
8.5.1 Less than 4 Tons
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 4 Tons to 8 Tons
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Above 8 Tons
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Carrier Rocket Market by Range
8.6.1 LEO
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 MEO
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 GEO
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Carrier Rocket Market by End Use
8.7.1 Government
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Commercial
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Carrier Rocket Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Carrier Rocket Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Carrier Rocket Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Carrier Rocket Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Carrier Rocket Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Carrier Rocket Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Galactic Energy
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Antrix Corporation Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 IHI Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Arianespace
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Lockheed Martin Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Northrop Grumman
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 CubeCab
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Israel Aerospace Industries
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Rocket Lab USA, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Space Exploration Technologies Corp. (SpaceX)
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Blue Origin Enterprises, L.P.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Mitsubishi Heavy Industries, Ltd.
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Carrier Rocket Market: Key Industry Highlights, 2018 and 2032
2. Global Carrier Rocket Historical Market: Breakup by Payload Type (USD Million), 2018-2023
3. Global Carrier Rocket Market Forecast: Breakup by Payload Type (USD Million), 2024-2032
4. Global Carrier Rocket Historical Market: Breakup by Payload Carrying Capacity (USD Million), 2018-2023
5. Global Carrier Rocket Market Forecast: Breakup by Payload Carrying Capacity (USD Million), 2024-2032
6. Global Carrier Rocket Historical Market: Breakup by Range (USD Million), 2018-2023
7. Global Carrier Rocket Market Forecast: Breakup by Range (USD Million), 2024-2032
8. Global Carrier Rocket Historical Market: Breakup by End Use (USD Million), 2018-2023
9. Global Carrier Rocket Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. Global Carrier Rocket Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Carrier Rocket Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Carrier Rocket Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Carrier Rocket Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Carrier Rocket Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Carrier Rocket Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Carrier Rocket Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Carrier Rocket Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Carrier Rocket Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Carrier Rocket Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Carrier Rocket Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Carrier Rocket Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Carrier Rocket Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 9.0% between 2024 and 2032.
The key drivers in the market are rising space exploration activities and reduced launch cost of carrier rockets.
The key trends of the market are rising demand from end use industries, increasing investments in the evolution of satellite technologies, and technological innovations in carrier rockets.
The primary payload types of carrier rockets are cargo, and satellite, among others.
The various payload carrying capacities of carrier rockets in the market are less than 4 tons, 4 tons to 8 tons, and above 8 tons.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The significant end uses of carrier rockets are government and commercial.
The key players in the carrier rocket market, according to the report, are Galactic Energy, Antrix Corporation Ltd., IHI Corporation, Arianespace, Lockheed Martin Corporation, Northrop Grumman, CubeCab, Israel Aerospace Industries, Rocket Lab USA, Inc., Space Exploration Technologies Corp. (SpaceX), Blue Origin Enterprise, L.P, and Mitsubishi Heavy Industries, Ltd., among others.
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