Space Launch Services Market

Global Space Launch Services Market by Service Types (Pre-launch Services [Integration & Logistics, Insurance, Launch Acquisition & Coordination, Management Services, and Tracking Data & Telemetry Support] and Post Launch Services [Stabilization, Launch & Early Operations Phase, Resupply Missions, and Others]), Payloads (Cargo, Human Spacecraft, Satellites [Small Satellite {Nano-satellite, Micro-satellite, and Mini-satellite}, Medium Satellite, and Large Satellite], Stratollite, and Testing Probes), Orbits (Beyond GEO, GEO, MEO, and LEO), Launch Platforms (Air, Land, and Sea), Vehicle Types (Medium-to-Heavy Lift Launch Vehicles and Small Lift Launch Vehicles), End-users (Commercial [Private Companies and Satellite Service Providers] and Military & Government [Space Agencies and Defense Organizations]), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: AD-3263
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 175
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The global space launch services market is anticipated to register a high CAGR during the forecast period, between 2021 and 2028. Space launch services provide several benefits that primarily ensure effective and safe activities for launching devices or equipment such as satellite to space. It offers various key functions such as ordering, construction, conversion, stacking and assembly, launch, and payload integration of space-based vehicles. Space launch services include a variety of activities such as launch infrastructure, payload integration, and launch assembly. Involvement of private launch service providers in the aerospace industry has resulted in lowering launch costs and the introduction of new technology, piloting in a new era in the sector.

Space Launch Services Market key takeaways

Market Trends, Drivers, Restraints, and Opportunities:

  • Rapid technical advancement in space technologies and the development of planetary satellite carriers and novel interplanetary is a prominent trend driving the expansion of the market.
  • Growing interest in and attempts to launch satellites and probes for various scientific reasons including explorations is a major factor pushing the expansion of the market.
  • Increasing use of small satellites for internet connectivity along with growing commercial and government investment are substantially rising the demand for advanced space launch services.
  • High initial costs involved with launch services as well as emerging issues relating to the heat, weight, and vertical landing of space vehicles are major challenges that can hinder the market expansion.
  • Shortage of skilled labor and a lack of adaptability to new technology is expected to hamper the market growth.
  • The introduction of commercial space travel is estimated to provide lucrative growth opportunities for space launch service providers in the near future.

Scope of the report:

The report on the global space launch services market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Space Launch Services Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Service Types (Pre-launch Services [Integration & Logistics, Insurance, Launch Acquisition & Coordination, Management Services, and Tracking Data & Telemetry Support] and Post Launch Services [Stabilization, Launch & Early Operations Phase, Resupply Missions, and Others]), Payloads (Cargo, Human Spacecraft, Satellites [Small Satellite {Nano-satellite, Micro-satellite, and Mini-satellite}, Medium Satellite, and Large Satellite], Stratollite, and Testing Probes), Orbits (Beyond GEO, GEO, MEO, and LEO), Launch Platforms (Air, Land, and Sea), Vehicle Types (Medium-to-Heavy Lift Launch Vehicles and Small Lift Launch Vehicles), End-users (Commercial [Private Companies and Satellite Service Providers] and Military & Government [Space Agencies and Defense Organizations])

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Antrix Corporation; Blue Origin Enterprises, L.P.; Mitsubishi Heavy Industries; Lockheed Martin; ILS International; EUROCKOT; SPACEX; China Great Wall Industry Corporation; Spaceflight; Boeing; Arianespace; and United Launch Alliance

 

Space Launch Services Market Segment Insights:

Pre-launch Services segment is projected to hold significant market share

Based on service types, the space launch services market is bifurcated into pre-launch services and post-launch services. The pre-launch services segment is further categorized into integration & logistics, insurance, launch acquisition & coordination, management services, and tracking data & telemetry support. The post-launch segment is classified as stabilization, launch & early operations phase, resupply missions, and others. The pre-launch services segment is projected to hold significant market share owing to the growing interest among governments of major economies across the globe to launch satellites in the space.

Satellites segment is anticipated to account for a substantial share

On the basis of payloads, the market is segmented into cargo, human spacecraft, satellites, stratollite, and testing probes. The satellites segment is further divided into small satellite, medium satellite, and large satellite. Furthermore, the small satellite segment is sub-segmented into nano-satellite, micro-satellite, and mini-satellite. The satellites segment is anticipated to account for a substantial share due to the growing global demand for a variety of satellites for various scientific exploration and military activities. These satellites are designed to monitor the Earth's surface in order to collect important data for mineral prospecting, mapping, resource management, and land-use planning, among other things. The increasing demand for Earth communication satellites and observation is expected to boost the segment growth.

LEO segment to expand at a robust pace in the coming years

In terms of orbits, the space launch services market is fragmented into beyond GEO, GEO, MEO, and LEO. The LEO segment is expected to expand at a robust pace in the coming years owing to wide adoption of the majority of space-related operations, which are aimed at Low Earth Orbit (LEO). The deployment of tiny satellites into space as well as increasing number of spaceflights to carry supplies to the International Space Station (ISS), are important drivers driving the expansion of the LEO segment.

Space Launch Services Market by orbit

Land segment to register a substantial growth rate during the forecast period

Based on launch platforms, the market is segregated into air, land, and sea. The land segment is anticipated to register a substantial growth rate during the forecast period owing to the rising number of satellite launches from ground-based locations. When compared to other platforms, the land platform is more technologically advanced and cost-effective. Moreover, the existing advanced infrastructure advancements primarily influence the ease of operational performance of space launch services.

Medium-to-Heavy Lift Launch Vehicles segment to expand at a healthy growth rate

On the basis of vehicle types, the space launch services market is bifurcated into medium-to-heavy lift launch vehicles and small lift launch vehicles. The medium-to-heavy lift launch vehicles segment is projected to expand at a healthy growth rate in the near future due to the increased use of recyclable launch vehicles in commercial space programs. Moreover, the advent of satellite communication technology and its wide adoption among major nations presents another key driver of the segment growth.

Commercial segment is anticipated to account for a substantial share

In terms of end-users, the market is bifurcated into commercial and military & government. The commercial segment is further classified as private companies and satellite service providers. The military & government segment is categorized as space agencies and defense organizations. The commercial segment is anticipated to account for a substantial share of the market in the coming years due to the increasing private-sector support. Moreover, the rapid introduction of advanced tools and equipment such as communication satellites used for effective performance of the Internet and radio services is a key factor fueling the segment expansion.

North America is expected to dominate the market

In terms of regions, the space launch services market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market during the forecast period due to the growing need for launch services for human spacecraft, satellites, and space probes in the region. Furthermore, an increase in the number of space flights to the ISS, rising military budgets, and high investment in space travel missions are expected to boost the market expansion in the region.

Space Launch Services Market by regions

Segments

Segments Covered in the Report:

By Service Types

  • Pre-launch Services
    • Integration & Logistics
    • Insurance
    • Launch Acquisition & Coordination
    • Management Services
    • Tracking Data & Telemetry Support
  • Post Launch Services
    • Stabilization
    • Launch & Early Operations Phase
    • Resupply Missions
    • Others
By Payloads
  • Cargo
  • Human Spacecraft
  • Satellite
    • Small Satellite
      • Nano-satellite
      • Micro-satellite
      • Mini-satellite
    • Medium Satellite
    • Large Satellite
  • Stratollite
  • Testing Probes
By Orbits
  • Beyond GEO
  • GEO
  • MEO
  • LEO
By Launch Platforms
  • Air
  • Land
  • Sea
By Vehicle Types
  • Medium-to-Heavy Lift Launch Vehicles
  • Small Lift Launch Vehicles
By End-users
  • Commercial
    • Private Companies
    • Satellite Service Providers
  • Military & Government
    • Space Agencies
    • Defence Organizations
By Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
By Key Players
  • Antrix Corporation
  • Blue Origin Enterprises, L.P.
  • Mitsubishi Heavy Industries
  • Lockheed Martin
  • ILS International
  • EUROCKOT
  • SPACEX
  • China Great Wall Industry Corporation
  • Spaceflight
  • Boeing
  • Arianespace
  • United Launch Alliance

Competitive Landscape

Key players in the global space launch services market are Antrix Corporation; Blue Origin Enterprises, L.P.; Mitsubishi Heavy Industries; Lockheed Martin; ILS International; EUROCKOT; SPACEX; China Great Wall Industry Corporation; Spaceflight; Boeing; Arianespace; and United Launch Alliance. These players have widely engaged in various market development strategies such as collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Space Launch Services Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Space Launch Services Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Space Launch Services Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Space Launch Services Market - Supply Chain
  4.5. Global Space Launch Services Market Forecast
     4.5.1. Space Launch Services Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Space Launch Services Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Space Launch Services Market Absolute $ Opportunity
5. Global Space Launch Services Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Space Launch Services Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Space Launch Services Demand Share Forecast, 2019-2026
6. North America Space Launch Services Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Space Launch Services Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Space Launch Services Demand Share Forecast, 2019-2026
7. Latin America Space Launch Services Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Space Launch Services Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Space Launch Services Demand Share Forecast, 2019-2026
8. Europe Space Launch Services Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Space Launch Services Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Space Launch Services Demand Share Forecast, 2019-2026
9. Asia Pacific Space Launch Services Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Space Launch Services Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Space Launch Services Demand Share Forecast, 2019-2026
10. Middle East & Africa Space Launch Services Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Space Launch Services Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Space Launch Services Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Space Launch Services Market: Market Share Analysis
  11.2. Space Launch Services Distributors and Customers
  11.3. Space Launch Services Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Antrix Corporation
     11.4.2. Blue Origin Enterprises, L.P.
     11.4.3. Mitsubishi Heavy Industries
     11.4.4. Lockheed Martin
     11.4.5. ILS International
     11.4.6. EUROCKOT
     11.4.7. SPACEX
     11.4.8. China G

Segments Covered in the Report:

By Service Types

  • Pre-launch Services
    • Integration & Logistics
    • Insurance
    • Launch Acquisition & Coordination
    • Management Services
    • Tracking Data & Telemetry Support
  • Post Launch Services
    • Stabilization
    • Launch & Early Operations Phase
    • Resupply Missions
    • Others
By Payloads
  • Cargo
  • Human Spacecraft
  • Satellite
    • Small Satellite
      • Nano-satellite
      • Micro-satellite
      • Mini-satellite
    • Medium Satellite
    • Large Satellite
  • Stratollite
  • Testing Probes
By Orbits
  • Beyond GEO
  • GEO
  • MEO
  • LEO
By Launch Platforms
  • Air
  • Land
  • Sea
By Vehicle Types
  • Medium-to-Heavy Lift Launch Vehicles
  • Small Lift Launch Vehicles
By End-users
  • Commercial
    • Private Companies
    • Satellite Service Providers
  • Military & Government
    • Space Agencies
    • Defence Organizations
By Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
By Key Players
  • Antrix Corporation
  • Blue Origin Enterprises, L.P.
  • Mitsubishi Heavy Industries
  • Lockheed Martin
  • ILS International
  • EUROCKOT
  • SPACEX
  • China Great Wall Industry Corporation
  • Spaceflight
  • Boeing
  • Arianespace
  • United Launch Alliance

Key players in the global space launch services market are Antrix Corporation; Blue Origin Enterprises, L.P.; Mitsubishi Heavy Industries; Lockheed Martin; ILS International; EUROCKOT; SPACEX; China Great Wall Industry Corporation; Spaceflight; Boeing; Arianespace; and United Launch Alliance. These players have widely engaged in various market development strategies such as collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Space Launch Services Market by key players

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