The global space launch services market size reached US$ 12.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.1 Billion by 2028, exhibiting a growth rate (CAGR) of 13.6% during 2023-2028.
Space launch, or lift-off, refers to the earliest part of the operations, wherein the rocket or other vehicles, including airborne aircraft and floating ship, are vertically released from the ground. This process involves a series of activities, such as ordering, conversing, stacking, assembling, and integrating payload for launching spacecraft, which in turn, assist in decreasing the set-in motion cost and promoting a smooth launch. On account of these properties, space launch services are extensively deployed by the government, space organizations, and military agencies for performing galaxy explorations. At present, these services are categorized into pre-launch and post-launch.
Space Launch Services Market Trends:
The widespread adoption of space launch services across commercial, government and military and defense sectors on account of the increasing number of aircraft and satellite testing during launches is one of the prime factors currently driving the market growth. In line with this, significant technological advancements, such as the introduction of miniaturization in electronic systems for improving small satellites capabilities by reducing the size of various integrated electronics and hardware is acting as another growth-inducing factor. This is further supported by the implementation of the commercial-off-the-shelf (COTS) approach, which is employed by space companies in the miniaturization methodology for collecting distributed data and experimentation purposes. Moreover, the shifting inclination of space launch service providers toward smaller satellites over traditional satellites for enabling their development in a shorter time frame at lower launch costs is propelling the market growth. Additionally, the rising demand for low earth orbit (LEO)-based services, such as imagery-based intelligence and space-based communication, is also contributing to the market growth. Apart from this, the extensive investments in research and development (R&D) activities for designing, maintaining, and operating commercial payload facilities is creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global space launch servicesmarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on payload, launch platform, service type, orbit, launch vehicle and end user.
Breakup by Payload:
Small Satellite (Less Than 1000 Kg)
Large Satellite (Above 1000 Kg)
Breakup by Launch Platform:
Breakup by Service Type:
Breakup by Orbit:
Low Earth Orbit (LEO)
Medium Earth Orbit (MEO)
Breakup by Launch Vehicle:
Small Launch Vehicle
Heavy Launch Vehicle
Breakup by End User:
Government and Military
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Airbus SE, Antrix Corporation Limited, Arianespace SA, China Great Wall Industry Corporation (China Aerospace Science and Technology Corporation), Mitsubishi Heavy Industries Ltd., Northrop Grumman Corporation, S7 Airlines, Safran S.A., Space Exploration Technologies Corp. and The Boeing Company.
Base Year of the Analysis
Payload, Launch Platform, Service Type, Orbit, Launch Vehicle, End User, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Airbus SE, Antrix Corporation Limited, Arianespace SA, China Great Wall Industry Corporation (China Aerospace Science and Technology Corporation), Mitsubishi Heavy Industries Ltd., Northrop Grumman Corporation, S7 Airlines, Safran S.A., Space Exploration Technologies Corp. and The Boeing Company
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global space launch services market was valued at US$ 12.9 Billion in 2022.
We expect the global space launch services market to exhibit a CAGR of 13.6% during 2023-2028.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the decline of space-related activities and delay in the space launches, thereby negatively impacting global market for space launch services.
The rising adoption of space launch services across the commercial, government, and military and defense sectors, owing to the increasing number of aircraft and satellite testing during launches, is primarily driving the global space launch services market.
Based on the payload, the global space launch services market has been bifurcated into satellite, human spacecraft, cargo, testing probes, and stratollite. Among these, satellite currently exhibits a clear dominance in the market.
Based on the launch platform, the global space launch services market can be segmented into land, air, and sea. Currently, land holds the majority of the total market share.
Based on the service type, the global space launch services market has been divided into pre-launch and post-launch, where pre-launch currently exhibits a clear dominance in the market.
Based on the orbit, the global space launch services market can be categorized into Low Earth Orbit (LEO), Medium Earth Orbit (MEO), geosynchronous orbit, and polar orbit. Currently, Low Earth Orbit (LEO) accounts for the majority of the global market share.
Based on the launch vehicle, the global space launch services market has been segregated into small launch vehicle and heavy launch vehicle, where heavy launch vehicle currently holds the largest market share.
Based on the end user, the global space launch services market can be bifurcated into government and military and commercial. Currently, the government and military sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global space launch services market include Airbus SE, Antrix Corporation Limited, Arianespace SA, China Great Wall Industry Corporation (China Aerospace Science and Technology Corporation), Mitsubishi Heavy Industries Ltd., Northrop Grumman Corporation, S7 Airlines, Safran S.A., Space Exploration Technologies Corp., and The Boeing Company.
Need more help?
Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.