Space Launch Services Market Growth Trends, Volume Insights & Outlook 2030
Space Launch Services Market Size & Insights
As per recent study by MarkNtel Advisors The Global Space Launch Services Market size was valued at around USD 15.2 billion in 2024 and is projected to reach USD 35 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 14% during the forecast period, i.e., 2025-30.
What are the Key DROs in the Space Launch Services Market?
Increasing Demand for Payload Launches – The demand from various government and private organizations to launch their payloads into space is increasing to enhance their services and operations such as; weather forecasting, navigation, communication, etc. These payloads include satellites, human space crafts, cargo, etc., that are equipped on rockets and transported to their desired orbits in space. As a result, the demand for space launch service providers increases as some organizations do not have launch vehicles while some want to ensure safe & fast transport. For instance,
- In 2024, SpaceX got a contract worth around USD733.5 million from the US military to launch their 9 satellites in LEO to enhance their communication and intelligence capabilities.
Additionally, space launch providers such as ESA, JAXA, Roscosmos, Northrop Grumman, and SpaceX, have launched their space rockets to resupply the International Space Station and these resupplies will be needed in the future as well. Therefore, due to the increasing number of payload launches, the need for launching services also increases, and this trend is expected to continue in the forthcoming period as well.
What are the Key Segments in the Space Launch Services Market?
The Space Launch Services is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
- By Orbit
- Lower Earth Orbit- Market Size & Forecast 2020-2030, USD Million
- Medium Earth Orbit- Market Size & Forecast 2020-2030, USD Million
- Geostationary Orbit- Market Size & Forecast 2020-2030, USD Million
- Beyond Earth Orbit- Market Size & Forecast 2020-2030, USD Million
- By Payload
- Satellite – Market Size & Forecast 2020-2030, USD Million
- Cargo- Market Size & Forecast 2020-2030, USD Million
- Human Spacecraft- Market Size & Forecast 2020-2030, USD Million
- Scientific Instruments- Market Size & Forecast 2020-2030, USD Million
- By Launching Vehicle
- Small Lift Launch Vehicle- Market Size & Forecast 2020-2030, USD Million
- Medium Lift Launch Vehicle- Market Size & Forecast 2020-2030, USD Million
- Heavy Lift Launch Vehicle- Market Size & Forecast 2020-2030, USD Million
- By End-User
- Commercial- Market Size & Forecast 2020-2030, USD Million
- Government & Military- Market Size & Forecast 2020-2030, USD Million
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By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Regionally, North America holds a major share around 36% with the US as the most prominent country.
How does geographical analysis highlight in the Space Launch Services market?
Who are the Key Players in Space Launch Services Market?
Northrop Grumman, SpaceX, Rocket Lab, United Launch Alliance, Blue Origin, Antrix Corporation Limited, Arianespace, Skyroot Aerospace, Relativity Space, Galactic Energy, International Launch Services, NewSpace India Limited, Mitsubishi Heavy Industries, PLD Space, Firefly Aerospace, and others
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Space Launch Services Market News
- 2024: Rocket Lab established a facility in Virginia for the production and launch operations of Neutron, the most ambitious rocket of Rocket Lab to date that can also be reused. The company aims to explore deep space through its Venus Life Finder Mission.
- 2024: United Launch Alliance (ULA) expanded its Decatur rocket facility. They aimed to nearly double their launch rate and also meet the growing demand for launch service required by the US Space Force and their commercial customer Amazon, which has awarded them with about 38 launch projects.
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Why This MarkNtel Advisors Research Report:
- In-depth Market Analysis: Understand trends and dynamics shaping growth.
- Segmented Insights: Target specific segments for focused strategies.
- Geographical Performance: Assess market opportunities by geographic area.
- Emerging Technologies: Discover advancements like AI integration.
- Risk Identification: Pinpoint challenges to inform strategic planning.
- Future Forecasts: Prepare for market changes with actionable projections.
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