Space Launch Services Market Size, Share, and Analysis, By Orbit Type (Geosynchronous Orbit (GEO), Beyond GEO, Low Earth Orbit (LEO) and Medium Earth Orbit (MEO)), By Service Type (Pre-launch, Post-launch), By Payload (Satellite, Human Spacecraft, Cargo, Stratollite and Testing Probes), By Vehicle Type (Medium-to-Heavy Lift Launch Vehicle, Small Lift Launch Vehicle), By Launch Platform (Sea, Land and Air), By End-User (Commercial, Government and Military, Private Companies, Space Agencies, Others) and Regional Forecasts, 2022-2032
Space Launch Services Market Size, Share, and Analysis, By Orbit Type (Geosynchronous Orbit (GEO), Beyond GEO, Low Earth Orbit (LEO) and Medium Earth Orbit (MEO)), By Service Type (Pre-launch, Post-launch), By Payload (Satellite, Human Spacecraft, Cargo, Stratollite and Testing Probes), By Vehicle Type (Medium-to-Heavy Lift Launch Vehicle, Small Lift Launch Vehicle), By Launch Platform (Sea, Land and Air), By End-User (Commercial, Government and Military, Private Companies, Space Agencies, Others) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
Space Launch Services Market size was USD 10.84 billion in 2021 and projected to grow from USD 14.2 billion in 2023 to USD 48.1 billion by 2032, exhibiting a CAGR of 14.5% during the forecast period.
Space launch services are the services provided for the launch of rockets for exploring the universe and even for relieve a satellite into the earth's orbit. The market for space launch services include operations like infrastructure launch, integration of payload, and assembly launch. The count of improvement contracts between NASA and various significant corporations to remodel the vehicle initiation and equipment has grown. Space launch services aid in providing benefits to ensure useful and safe activities for launch of devices and offers prime works like construction, ordering, stacking conversion, launch, assembly, and payload coordination of space-based vehicles.
MARKET HIGHLIGHTS
Space Launch Services Market is expected to reach USD 48.1 billion, growing at a CAGR of 14.5% during forecast period owing to the increasing importance of space launch services market which is the main component of space economy. The increasing demand for the satellite launching for purpose of scientific research, navigation, communication and Earth observation are expected to boost the growth of the market.
Space Launch Services Market Segments:
- Orbit Type
- Geosynchronous Orbit (GEO)
- Beyond Geosynchronous Orbit (GEO)
- Low Earth Orbit (LEO)
- Medium Earth Orbit (MEO)
- Service Type
- Pre-launch
- Post-launch
- Payload
- Satellite
- Human Spacecraft
- Cargo
- Stratollite
- Testing Probes
- Vehicle Type
- Medium-to-Heavy Lift Launch Vehicle
- Small Lift Launch Vehicle
- Launch Platform
- Sea
- Land
- Air
- End-User
- Commercial
- Government and Military
- Private Companies
- Space Agencies
- Others
MARKET DYNAMICS
Growth Drivers
Rising Space Programs is Expected to Boost the Growth of the Market
Increased Interest Towards Satellites is Expected to Boost the Growth of the Market
Restraint
Rising Debris in Space May Restrain the Growth of the Market
Key Players
- Antrix Corporation Limited
- United Launch Alliance
- Spaceflight Industries
- ArianeGroup SAS
- Lockheed Martin Corporation
- Space Exploration Technologies Corp.
- Blue Origin Enterprises, L.P.
- Northrop Grumman Systems Corporation
- China Great Wall Industry Corporation
- Mitsubishi Heavy Industries, LTD.
- Other Prominent Players
(Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
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