Global space launch services market size reached USD 6.59 billion in 2021 and is expected to register a revenue CAGR of 14.6% during the forecast period, according to latest analysis by Emergen Research. Rising demand for small satellites and for satellite data are some key factors expected to continue to drive market revenue growth over the forecast period.
The report analyzes the leading players The report analyzes the leading players of the global Space launch services market drivers and restraints market by inspecting their market share, recent developments, new product launches, partnerships, mergers, or acquisitions, and their target markets. This report also includes an exhaustive analysis of their product profiles to explore the products and applications their operations are concentrated on in the global Space launch services market drivers and restraints market.
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Satellite data is playing a crucial role in effective decision making and policymaking among defense personnel and across various agencies. Satellites imagery data is analyzed using Artificial Intelligence (AI) in order to monitor changes in border encroachment, weather patterns, land use, efficient utilization of water, and town planning. Satellite data can also play an important role in risk mitigation during natural disasters. Increasing demand for satellite data to enhance decision making has been resulting in increasing number of government-funded space initiatives and for sending satellites into Earth\'s orbit.
Some Key Highlights From the Report
- Small satellite segment revenue is expected to register a substantially rapid CAGR during the forecast period due to rising demand for small satellites, owing to reduction in manufacturing and costs of launching, shorter period for mission planning, and flexibility to launch multiple satellites in a single mission. Moreover, small satellites can be customized as per requirement, which is expected to boost demand for small satellites in future.
- Low Earth Orbit (LEO) segment is expected to register a significantly robust revenue growth rate over the forecast period due to ability to provide a low-latency, high-speed connection, enabling better Internet connectivity and decision-making capabilities.
- North America is expected to register a more robust revenue growth rate over the forecast period among other regional markets due to presence of international and domestic space launch service providers such as Space Exploration Technologies Corporation., Blue Origin LLC, and Spaceflight Industries, Inc., among others in countries in the region.
- Some major companies in the global market report include Space Exploration Technologies Corporation, Spaceflight Industries, Inc., International Launch Services, Inc., Blue Origin, LLC, Eurockot Launch Services GmbH, Mitsubishi Heavy Industries Ltd., Arianespace S.A., China Great Wall Industry Corporation., Antrix Corporation Limited., and International Space Company Kosmotras
- In November 2021, Spaceflight Industries, Inc. launched 13 customer payloads into two separate orbits for the first time. After being launched by SpaceX\'s Falcon 9 rocket, Orbital Transfer Vehicles (OTV) will first place four microsatellites and five CubeSats in Sun Synchronous Orbit (SSO), and then travel 500 kilometers to deploy remaining four CubeSats in a different orbit.
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Emergen Research has segmented the global space launch services market on the basis of payload, services, orbit, application, platform, and region:
- Payload Outlook (Revenue, USD Billion; 2019–2030)
- Small Satellite
- Nanosatellite
- Microsatellite
- Minisatellite
- Medium Satellite
- Large Satellite
- Human Spacecraft
- Services Outlook (Revenue, USD Billion; 2019–2030)
- Pre-launch Services
- Management Services
- Integration Logistics
- Tracking, Data Telemetry Support
- Insurance
- Post-launch Services
- Launch and Early Operations Phase
- Re-supply Missions
- Stabilization
- Orbit Outlook (Revenue, USD Billion; 2019–2030)
- Low Earth Orbit (LEO)
- Medium Earth Orbit (MEO)
- Geosynchronous Orbit
- Polar Orbit
- Application Outlook (Revenue, USD Billion; 2019–2030)
- Commercial
- Government
- Military
- Platform Outlook (Revenue, USD Billion; 2019–2030)
- Land
- Sea
- Air
- Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- Regional Outlook: (Revenue, USD Billion; 2018-2028)
- North America (U.S.) (Canada) (Mexico)
- Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
- Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
- Latin America(Brazil) (Rest of LATAM)
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Table of Contents:
Chapter 1 includes an introduction of the global Space Launch Services Market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
In Chapter 4, our team has fragmented the Space Launch Services market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
Chapters 5 and 6 have laid emphasis on the Space Launch Services market segmentation based on product type and application
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