Product Code: GVR-4-68040-191-3
Space Launch Services Market Growth & Trends:
The global space launch services market size is expected to reach USD 41.31 billion by 2030 and is projected to grow at a CAGR of 14.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The space industry has undergone a remarkable transformation during the past years, marked by an exponential increase in the demand for launch services. It plays a pivotal role in enabling various missions such as satellite deployment, scientific research, human spaceflight, and exploration of distant celestial bodies. Primarily, the rising demand for satellite-based applications, including communication, earth observation, and navigation, has fueled the need for frequent satellite launches. The deployment of constellations of small satellites for various purposes, such as broadband internet coverage and remote sensing, has further bolstered the demand for cost-effective and responsive launches.
Additionally, the commercialization of space, with private companies venturing into space exploration, satellite launches, and tourism, has opened new avenues for space exploration providers. Technological advancements have been instrumental in driving the growth of the space industry market. Reusable rocket technology has emerged as a game changer, allowing significant cost reductions in space launches. Companies like SpaceX have successfully developed reusable rockets, enabling them to recover and refurbish significant components, reducing overall launch costs. Furthermore, the miniaturization of satellites and the advent of small satellite launchers have revolutionized the industry. These smaller launch vehicles offer flexible and affordable access to space for small satellites, enabling a wide range of applications.
The space launch market is highly competitive, with established players and emerging entrants vying for a larger market share. Traditional aerospace giants like SpaceX, United Launch Alliance, and Arianespace dominate the market with their proven records and established customer base. However, new players such as Blue Origin and Rocket Lab have disrupted the market with innovative approaches and competitive pricing. Collaborations and partnerships between space agencies, governments, and private companies have become increasingly common. Public-private partnerships have enabled sharing of resources, knowledge, and infrastructure, leading to accelerated market growth. Moreover, international cooperation in space exploration, exemplified by initiatives like the International Space Station and lunar exploration programs, has created new opportunities for space launch service providers.
Space Launch Services Market Report Highlights:
- Satellites play a crucial role in a wide range of applications and services that are essential to contemporary society. From facilitating global communication networks and enabling weather forecasting to supporting disaster management and precision navigation systems, satellites serve as vital components in providing crucial data and connectivity infrastructure
- The small launch vehicle is being used for various applications such as earth observation, communication, and satellite constellations has led to a rise in the demand for small launch vehicles
- The commercial end-use accounted for the largest market revenue share in 2023 due to the increasing demand for satellite-based services that can be attributed to the growing need for high-speed internet connectivity, which has led to the deployment of communication satellites in orbit
- The North American region has experienced significant growth in the market due to increasing demand for satellite-based services, and advancements in technology have been the key drivers of the growth. The commercial sector has been a major contributor to the growth of space launch services in North America
- In November 2023, United Launch Alliance launched its first mission in collaboration with Amazon. This initial launch is the first step in support of deployment of Amazon's initiative to provide fast, affordable broadband service to unserved and underserved communities around the world
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List to Data Sources
Chapter 2. Executive Summary
- 2.1. Space Launch Services Market Snapshot
- 2.2. Space Launch Services Market- Segment Snapshot (1/3)
- 2.3. Space Launch Services Market- Segment Snapshot (2/3)
- 2.4. Space Launch Services Market- Segment Snapshot (3/3)
- 2.5. Space Launch Services Market- Competitive Landscape Snapshot
Chapter 3. Space Launch Services Market - Industry Outlook
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's analysis
- 3.4.2. Macroeconomic analysis
- 3.5. Space Launch Services Market Technology Trends
Chapter 4. Space Launch Services Market: Service Type Estimates & Trend Analysis
- 4.1. Service Type Movement Analysis & Market Share, 2023 & 2030
- 4.2. Space Launch Services Market Estimates & Forecast, By Service Type (USD Million)
- 4.2.1. Pre-Launch
- 4.2.2. Post-Launch
Chapter 5. Space Launch Services Market: Payload Estimates & Trend Analysis
- 5.1. Payload Movement Analysis & Market Share, 2023 & 2030
- 5.2. Space Launch Services Market Estimates & Forecast, By Payload (USD Million)
- 5.2.1. Satellite
- 5.2.2. Cargo
- 5.2.3. Human Spaceflight
- 5.2.4. Space Probe
Chapter 6. Space Launch Services Market: Launch Platform Estimates & Trend Analysis
- 6.1. Launch Platform Movement Analysis & Market Share, 2023 & 2030
- 6.2. Space Launch Services Market Estimates & Forecast, By Launch Platform (USD Million)
- 6.2.1. Land
- 6.2.2. Air
- 6.2.3. Sea
Chapter 7. Space Launch Services Market: Launch Type Estimates & Trend Analysis
- 7.1. Launch Type Movement Analysis & Market Share, 2023 & 2030
- 7.2. Space Launch Services Market Estimates & Forecast, By Launch Type (USD Million)
- 7.2.1. Re-Usable
- 7.2.2. Single-Use
Chapter 8. Space Launch Services Market: Launch Vehicle Estimates & Trend Analysis
- 8.1. Launch Vehicle Movement Analysis & Market Share, 2023 & 2030
- 8.2. Space Launch Services Market Estimates & Forecast, By Launch Vehicle (USD Million)
- 8.2.1. Small Launch Vehicle
- 8.2.2. Medium to Heavy Launch Vehicle
Chapter 9. Space Launch Services Market: End-use Estimates & Trend Analysis
- 9.1. End-use Movement Analysis & Market Share, 2023 & 2030
- 9.2. Space Launch Services Market Estimates & Forecast, By End-use (USD Million)
- 9.2.1. Government
- 9.2.2. Military
- 9.2.3. Commercial
Chapter 10. Regional Estimates & Trend Analysis
- 10.1. Space Launch Services Market by Region, 2023 & 2030
- 10.2. North America
- 10.2.1. North America Space Launch Services Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 10.2.2. U.S.
- 10.2.3. Canada
- 10.3. Europe
- 10.3.1. Europe Space Launch Services Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 10.3.2. UK
- 10.3.3. Germany
- 10.3.4. France
- 10.3.5. Italy
- 10.3.6. Spain
- 10.4. Asia Pacific
- 10.4.1. Asia Pacific Space Launch Services Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 10.4.2. China
- 10.4.3. Japan
- 10.4.4. India
- 10.4.5. South Korea
- 10.4.6. Australia
- 10.4.7. New Zealand
- 10.5. Latin America
- 10.5.1. Latin America Space Launch Services Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 10.5.2. Brazil
- 10.5.3. Mexico
- 10.6. Middle East & Africa (MEA)
- 10.6.1. MEA Space Launch Services Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 10.6.2. UAE
- 10.6.3. South Africa
Chapter 11. Space Launch Services Market - Competitive Landscape
- 11.1. Recent Developments & Impact Analysis, By Key Market Participants
- 11.2. Company Categorization
- 11.3. Participant's Overview
- 11.4. Financial Performance
- 11.5. Product Benchmarking
- 11.6. Company Market Positioning
- 11.7. Company Market Share Analysis, 2022
- 11.8. Company Heat Map Analysis
- 11.9. Strategy Mapping
- 11.9.1. Expansion/Divestiture
- 11.9.2. Collaborations/Partnerships
- 11.9.3. New Product Launches
- 11.9.4. Contract
- 11.10. Company Profiles
- 11.10.1. SpaceX
- 11.10.1.1. Participant's Overview
- 11.10.1.2. Financial Performance
- 11.10.1.3. Product Benchmarking
- 11.10.1.4. Recent Developments
- 11.10.2. Blue Origin
- 11.10.2.1. Participant's Overview
- 11.10.2.2. Financial Performance
- 11.10.2.3. Product Benchmarking
- 11.10.2.4. Recent Developments
- 11.10.3. Virgin Galactic
- 11.10.3.1. Participant's Overview
- 11.10.3.2. Financial Performance
- 11.10.3.3. Product Benchmarking
- 11.10.3.4. Recent Developments
- 11.10.4. Rocket Lab
- 11.10.4.1. Participant's Overview
- 11.10.4.2. Financial Performance
- 11.10.4.3. Product Benchmarking
- 11.10.4.4. Recent Developments
- 11.10.5. United Launch Alliance
- 11.10.5.1. Participant's Overview
- 11.10.5.2. Financial Performance
- 11.10.5.3. Product Benchmarking
- 11.10.5.4. Recent Developments
- 11.10.6. Arianespace
- 11.10.6.1. Participant's Overview
- 11.10.6.2. Financial Performance
- 11.10.6.3. Product Benchmarking
- 11.10.6.4. Recent Developments
- 11.10.7. China Aerospace Science and Technology Corporation
- 11.10.7.1. Participant's Overview
- 11.10.7.2. Financial Performance
- 11.10.7.3. Product Benchmarking
- 11.10.7.4. Recent Developments
- 11.10.8. Mitsubishi Heavy Industries
- 11.10.8.1. Participant's Overview
- 11.10.8.2. Financial Performance
- 11.10.8.3. Product Benchmarking
- 11.10.8.4. Recent Developments
- 11.10.9. Eurockot Launch Services
- 11.10.9.1. Participant's Overview
- 11.10.9.2. Financial Performance
- 11.10.9.3. Product Benchmarking
- 11.10.9.4. Recent Developments
- 11.10.10. Northrop Grumman
- 11.10.10.1. Participant's Overview
- 11.10.10.2. Financial Performance
- 11.10.10.3. Product Benchmarking
- 11.10.10.4. Recent Developments
- 11.10.11. ExPace
- 11.10.11.1. Participant's Overview
- 11.10.11.2. Financial Performance
- 11.10.11.3. Product Benchmarking
- 11.10.11.4. Recent Developments
- 11.10.12. Firefly Aerospace
- 11.10.12.1. Participant's Overview
- 11.10.12.2. Financial Performance
- 11.10.12.3. Product Benchmarking
- 11.10.12.4. Recent Developments
- 11.10.13. Relativity Space
- 11.10.13.1. Participant's Overview
- 11.10.13.2. Financial Performance
- 11.10.13.3. Product Benchmarking
- 11.10.13.4. Recent Developments
- 11.10.14. Orbital ATK
- 11.10.14.1. Participant's Overview
- 11.10.14.2. Financial Performance
- 11.10.14.3. Product Benchmarking
- 11.10.14.4. Recent Developments
- 11.10.15. International Launch Services
- 11.10.15.1. Participant's Overview
- 11.10.15.2. Financial Performance
- 11.10.15.3. Product Benchmarking
- 11.10.15.4. Recent Developments
- 11.10.16. Antrix Corporation
- 11.10.16.1. Participant's Overview
- 11.10.16.2. Financial Performance
- 11.10.16.3. Product Benchmarking
- 11.10.16.4. Recent Developments
- 11.10.17. Vector Launch
- 11.10.17.1. Participant's Overview
- 11.10.17.2. Financial Performance
- 11.10.17.3. Product Benchmarking
- 11.10.17.4. Recent Developments
- 11.10.18. Spaceflight Industries
- 11.10.18.1. Participant's Overview
- 11.10.18.2. Financial Performance
- 11.10.18.3. Product Benchmarking
- 11.10.18.4. Recent Developments
- 11.10.19. ISRO
- 11.10.19.1. Participant's Overview
- 11.10.19.2. Financial Performance
- 11.10.19.3. Product Benchmarking
- 11.10.19.4. Recent Developments
- 11.10.20. NASA
- 11.10.20.1. Participant's Overview
- 11.10.20.2. Financial Performance
- 11.10.20.3. Product Benchmarking
- 11.10.20.4. Recent Developments
- 11.10.21. Virgin Orbit
- 11.10.21.1. Participant's Overview
- 11.10.21.2. Financial Performance
- 11.10.21.3. Product Benchmarking
- 11.10.21.4. Recent Developments
- 11.10.22. Boeing
- 11.10.22.1. Participant's Overview
- 11.10.22.2. Financial Performance
- 11.10.22.3. Product Benchmarking
- 11.10.22.4. Recent Developments