Space launch services market is estimated to be USD 8.88 billion in 2017 and is projected to reach USD 27.18 billion by 2025, at a CAGR of 15.01% during the forecast period.
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The key players in the Space Launch Services Market include – Arianespace (France), Antrix Corporation (India),Boeing (US),Lockheed Martin (US), Mitsubishi Heavy Industries (Japan), Orbital ATK (US), and United Launch Alliance (US).
North America is estimated to lead the space launch services market in 2017. Key market players based in this region offer specialized space launch services for commercial, military, and government end users. Private space companies such as Space X and United Launch Alliance, a partnership of Lockheed Martin and Boeing, have scheduled more than 30 launches in 2016. The increasing demand for commercial communications and imaging satellites and upcoming space exploration missions are key factors contributing to the growth of the space launch services market in the North American region.
- Space Launch Service Providers
- Space Launch System Manufacturers
- Subsystem Manufacturers
- Technology Support Providers
- Ministry of Defense
- Scientific Research Centers
- Software/Hardware/Service and Solution Providers
Increase in space exploration missions, rise in demand for imaging satellites and International Space Station cargo ships, expansion of the commercial space industry, and technological advancements in launch vehicles are expected to fuel the growth of the space launch services market. However, factors such as lack of dedicated launch vehicles to deploys mall satellites into space and increase in orbital debris act as restraints to the growth of the space launch services market.
Based on launch platform, the land segment is expected to lead the space launch services market during the forecast period. Most launch vehicles takeoff from a ground-based site. Several satellites are intended to be launched in Low Earth Orbit (LEO) or Geostationary Earth Orbit (GEO). Satellites launched from the land base near the equator require less maneuvering that contributes to low fuel consumption as compared to satellites that are launched from high altitudes. This, in turn, is projected to drive the growth of the land segment of the space launch services market.
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This research study segments the space launch services market on the basis of service type, payload, orbit, launch platform, launch vehicle size, and end user, as well as maps these segments and subsegments across major regions, namely, North America, Europe, Asia Pacific, and RoW. Based on service type, the space launch services market has been segmented into pre-launch and post-launch services. Based on payload, the space launch services market has been segmented into satellite, human spacecraft, cargo, testing probes, and stratollite. Based on orbit, the space launch services market has been segmented into LEO, MEO, GEO, and Beyond GEO. Based on launch platform, the space launch services market has been segmented into land, air, and sea. Based on launch vehicle size, the space launch services market has been segmented into small lift launch vehicles and medium-to-heavy lift launch vehicles. Based on end user, the space launch services market has been segmented into commercial and military & government. The report provides an in-depth market intelligence regarding key market dynamics, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the space launch services market, in addition to analyzing micro markets with respect to individual growth trends, future prospects, and their contribution to the market.
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