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Global Space Launch Services Market: By Payload: Satellite, Human Spacecraft, Cargo, Testing Probes, Stratollite; By Launch Platform: Land, Air, Sea; By Service Type; By Launch Vehicle; By End User; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Space Launch Services Market Outlook
The global space launch services market stood at a value of around USD 12.59 billion in 2020. The market is further expected to grow at a CAGR of 15.33% in the forecast period of 2023-2028 to attain a value of USD 29.64 billion by 2026.
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Increasing Demand for Satellite Launching to Bolster the Growth of the Global Space Launch Services Industry
Based on payload, the satellite segment is predicted to hold a significant market share in the space launch services industry. This growth can be attributed to the increased capital expenditure on satellite launching to enable radio wave communication and GPS navigating facilities. Meanwhile, the demand for human spacecraft for space exploration is also witnessing an increased demand, which is projected to aid the market growth in the coming years. These factors are expected to contribute to the overall market growth in the forecast period.
North America to Occupy a Significant Market Share in the Global Space Launch Services Industry
North America is estimated to hold a significant share of the space launch services industry in the forecast period. This growth can be attributed to the presence of the leading market players in the region, who are making significant investments in terms of assembly and launching process. In addition, the steadily increasing efforts to further the development of human spacecraft and space probes are also predicted to propel the market growth. For instance, NASA approved SpaceX crew mission for launch on the 31st of October . Such developments are predicted to propel the market growth in the forecast period.
Space Launch Services: Market Segmentation
Space launch services are provided by companies that specialise in launching spacecrafts. These companies construct, assemble, and launch spacecraft that serve different purposes. Mostly, spacecraft are deployed for space exploration and satellite launching purposes by the military and government agencies. However, recently the trends of space tourism are also inviting further interest in space launch services.
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By payload, the market is divided into:
- Satellite
- Human Spacecraft
- Cargo
- Testing Probes
- Stratollite
Among these, the satellite segment is further divided based on type into small satellite (less than 1000 kg) and large satellite (above 1000 kg).
On the basis of launch platform, the market can be segmented into:
- Land
- Air
- Sea
Based on service type, the industry can be bifurcated into:
- Pre-Launch
- Post-Launch
On the basis of launch vehicle, the market can be distributed into:
- Small Launch Vehicle
- Heavy Launch Vehicle
Based on end user, the market can be categorised into:
- Government and Military
- Commercial
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Government Investments in Space Exploration to Drive the Growth of the Global Space Launch Services Industry
The rising capital expenditures by the government to support space programmes across the countries are anticipated to propel the market growth in the forecast period. This can be attributed to the development of digital satellite connectivity infrastructure and the growing military activities. In addition, the rising interest in space exploration among the private enterprises is also anticipated to bolster the market growth in the coming years. Moreover, the increasing trend of space tourism is also predicted to augment the industry growth. For instance, in September 2021, SpaceX successfully came back into the earth’s orbit, completing a 3-day mission with no professional astronauts on board. These factors are estimated to positively impact the market growth in the forecast period.
Key Industry Players in the Global Space Launch Services Market
The report gives a detailed analysis of the following key players in the global space launch services market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Airbus SE
- Antrix Corporation Limited
- Space Exploration Technologies Corp.(SpaceX)
- Lockheed Martin Corporation
- The Boeing Company
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Payload, Launch Platform, Service Type, Launch Vehicle, End User, Region |
| Breakup by Payload | Satellite, Human Spacecraft, Cargo, Testing Probes, Stratollite |
| Breakup by Launch Platform | Land, Air, Sea |
| Breakup by Service Type | Pre-Launch, Post-Launch |
| Breakup by Launch Vehicle | Small Launch Vehicle, Heavy Launch Vehicle |
| Breakup by End User | Government and Military, Commercial |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Airbus SE, Antrix Corporation Limited, Space Exploration Technologies Corp. (SpaceX), Lockheed Martin Corporation, The Boeing Company, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Space Launch Services Market Analysis
8.1 Key Industry Highlights
8.2 Global Space Launch Services Historical Market (2018-2022)
8.3 Global Space Launch Services Market Forecast (2023-2028)
8.4 Global Space Launch Services Market by Payload
8.4.1 Satellite
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Breakup by Type
8.4.1.4.1 Small satellite (less than 1000 Kg)
8.4.1.4.2 Large satellite (above 1000 Kg)
8.4.2 Human Spacecraft
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Cargo
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Testing Probes
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Stratollite
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.5 Global Space Launch Services Market by Launch Platform
8.5.1 Land
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Air
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Sea
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Space Launch Services Market by Service Type
8.6.1 Pre-Launch
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Post-Launch
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Space Launch Services Market by Launch Vehicle
8.7.1 Small Launch Vehicle
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Heavy Launch Vehicle
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.8 Global Space Launch Services Market by End User
8.8.1 Government and Military
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Commercial
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.9 Global Space Launch Services Market by Region
8.9.1 North America
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2022)
8.9.3.3 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2022)
8.9.4.3 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2022)
8.9.5.3 Forecast Trend (2023-2028)
9 North America Space Launch Services Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Space Launch Services Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Space Launch Services Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Space Launch Services Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Space Launch Services Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Airbus SE
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Antrix Corporation Limited
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Space Exploration Technologies Corp. (SpaceX)
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Lockheed Martin Corporation
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 The Boeing Company
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Space Launch Services Market: Key Industry Highlights, 2018 and 2028
2. Global Space Launch Services Historical Market: Breakup by Payload (USD Billion), 2018-2022
3. Global Space Launch Services Market Forecast: Breakup by Payload (USD Billion), 2023-2028
4. Global Space Launch Services Historical Market: Breakup by Launch Platform (USD Billion), 2018-2022
5. Global Space Launch Services Market Forecast: Breakup by Launch Platform (USD Billion), 2023-2028
6. Global Space Launch Services Historical Market: Breakup by Service Type (USD Billion), 2018-2022
7. Global Space Launch Services Market Forecast: Breakup by Service Type (USD Billion), 2023-2028
8. Global Space Launch Services Historical Market: Breakup by Launch Vehicle (USD Billion), 2018-2022
9. Global Space Launch Services Market Forecast: Breakup by Launch Vehicle (USD Billion), 2023-2028
10. Global Space Launch Services Historical Market: Breakup by End- User (USD Billion), 2018-2022
11. Global Space Launch Services Market Forecast: Breakup by End- User (USD Billion), 2023-2028
12. Global Space Launch Services Historical Market: Breakup by Region (USD Billion), 2018-2022
13. Global Space Launch Services Market Forecast: Breakup by Region (USD Billion), 2023-2028
14. North America Space Launch Services Historical Market: Breakup by Country (USD Billion), 2018-2022
15. North America Space Launch Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Europe Space Launch Services Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Europe Space Launch Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Asia Pacific Space Launch Services Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Asia Pacific Space Launch Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Latin America Space Launch Services Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Latin America Space Launch Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Middle East and Africa Space Launch Services Historical Market: Breakup by Country (USD Billion), 2018-2022
23. Middle East and Africa Space Launch Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
24. Global Space Launch Services Market Structure
Key Questions Answered in the Report
In 2020, the global space launch services market attained a value of nearly USD 12.59 billion.
The market is projected to grow at a CAGR of 15.33% between 2023 and 2028.
The major drivers of the industry such as the increased demand satellite launching, rapid technological advancements, growing military activities, rising interest in space exploration, increasing trend of space tourism, and increasing demand for human spacecraft are boosting the industry growth.
The key market trends guiding the growth of the industry include the increased government expenditure in space exploration and the development of digital satellite connectivity infrastructure.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant pay loads include satellite, human spacecraft, cargo, testing probes, and stratollite. Among these, the satellite segment is further divided based on type into small satellite (less than 1000 kg) and large satellite (above 1000 kg).
The significant launch platforms include land, air, and sea.
The major service types include pre-launch and post-launch.
The significant end uses include small launch vehicle and heavy launch vehicle.
The significant end users include government and military and commercial.
The major players in the industry are Airbus SE, Antrix Corporation Limited, Space Exploration Technologies Corp. (SpaceX), Lockheed Martin Corporation, and The Boeing Company, among others.
Analyst Review
The global space launch services market attained a value of USD 12.59 billion in 2020, driven by the increasing demand for satellite launching. Aided by the increased investments in the space exploration activities and growing military activities, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 15.33%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By pay load, the market can be distributed into satellite, human spacecraft, cargo, testing probes, and stratollite. Among these, the satellite segment is further divided based on type into small satellite (less than 1000 kg) and large satellite (above 1000 kg). On the basis of launch platform, the industry can be segmented into land, air, and sea. Based on service type, the market can be bifurcated into pre-launch and post-launch. On the basis of launch vehicle, the industry can be segregated into small launch vehicle and heavy launch vehicle . On the basis of end user, the market can be categorised into government and military and commercial. The major regional markets for space launch services are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Airbus SE, Antrix Corporation Limited, Space Exploration Technologies Corp. (SpaceX), Lockheed Martin Corporation, and The Boeing Company, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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