WILMINGTON, NEW CASTLE, DE, UNITED STATES, September 19, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, โSpace Launch Services Market," The space launch services market was valued at $13.9 billion in 2022, and is estimated to reach $47.3 billion by 2032, growing at a CAGR of 13.4% from 2023 to 2032.
๐ฐ ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/6081
The space launch services industry encompasses the commercialization of sending payloads into space, such as satellites, spacecraft, scientific instruments, and others. Private companies are developing unique launch vehicles and services that provide cost-effective and dependable options for delivering payloads to diverse orbits and destinations. On the basis of the missionโs purpose, space launch services can offer several orbital configurations, like GEO (geostationary orbit), LEO (Low Earth Orbit), MEO (Medium Earth Orbit), and many more.
Moreover, the space launch services market is witnessing suitable growth in recent years, owing to the increase in contracts and demand for satellite launches across the globe. Moreover, the key manufacturers operating in the industry have been inclined towards developing new and advance technology which will reduce the cost of the overall service and offers space tourism as an activity to any aspiring person. For instance, in June 2023, Virgin Galactic completed its first commercial spaceflight mission. The spaceflight named galactic 01. The spaceflight took a 75 minute suborbital journey and landed successfully. Similarly in September 2021, SpaceX falcon 9 has also delivered a four person crew to the space station as a part of companyโs space tourism program. Such developments in space tourism program creates opportunities and growth for the space launch service market across the globe.
Increased satellite launches due to rising need for satellite-based services such as broadband internet, navigation, remote sensing, and communication supplements the growth of the market. These services are employed across industries, such as logistics, telecommunications, agriculture, and defense. Moreover, with the advancement in technology and engineering, satellite launch has been made easier and less expensive thus leading to the growth of the market across the globe. With the production of reusable rockets and other space technology has significantly decreased launch costs. Companies alike SpaceX, Blue Origin, and Rocket Lab have developed new launch vehicles and technologies that could lower the cost of satellite launches even further. For instance, on March 1, 2022, NASA successfully launched a third next-generation satellite for the National Oceanic and Atmospheric Administration (NOAA). GOES-T, the latest geostationary operational environmental satellite, was launched from Cape Canaveral Space Force Station on a United Launch Alliance Atlas V rocket.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/space-launch-services-market/purchase-options
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ: -
Airbus
Antrix Corporation limited
China Aerospace Science and Technology Corporation
Lockheed Martin Corporation
Mitsubishi Heavy Industries, LTD
Northrop Grumman Corporation
Rocket Lab USA
SAFRAN SA
SPACEX
Starsem
๐๐ก๐ ๐ฅ๐๐ง๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on launch platform, the land segment held the highest market share in 2022, accounting for nearly four-fifths of the global space launch services market revenue and is estimated to maintain its leadership status throughout the forecast period. Land-based launches consist of a launch pad, a rocket or spacecraft, and a range of support infrastructure. The land-based launch is preferred the most, as it provides a stable and controlled environment for the launch vehicle. Land-based launch systems are capable of launching large payloads into orbit, making them well-suited for a wide range of missions. However, the sea segment would cite the fastest CAGR of 14.0% during the forecast period.
๐๐ก๐ ๐ฉ๐ซ๐-๐ฅ๐๐ฎ๐ง๐๐ก ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on service type, the pre-launch segment held the highest market share in 2022, accounting for more than three-fifths of the global space launch services market revenue and is estimated to maintain its leadership status throughout the forecast period. The same segment is estimated to cite the fastest CAGR of 14.1% during the forecast time period. Pre-launch services might include a wide range of tasks depending on the type of launch site, the mission, and the hardware employed. These services may include spacecraft integration, launch site preparation, launch vehicle and spacecraft testing and checkout, pre-launch processing, and launch operations support.
๐๐ก๐ ๐ก๐๐๐ฏ๐ฒ ๐ฅ๐๐ฎ๐ง๐๐ก ๐ฏ๐๐ก๐ข๐๐ฅ๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on launch vehicle, the heavy launch vehicle segment held the highest market share in 2022, accounting for nearly three-fourths of the global space launch services market revenue and is estimated to maintain its leadership status throughout the forecast period. Heavy launch vehicles are required to meet the increase in demand for larger and more complex spacecraft. Interplanetary missions require larger and more sophisticated aircraft, and these missions require the launch of heavy payloads which are expected to be accomplished only by heavy lift launch vehicles. However, the small launch segment would cite the fastest CAGR of 15.3% from 2023 to 2032.
๐๐ก๐ ๐ ๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐๐ง๐ ๐ฆ๐ข๐ฅ๐ข๐ญ๐๐ซ๐ฒ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on end user, the heavy launch vehicle segment held the highest market share in 2022, accounting for more than half of the global space launch services market revenue and is estimated to maintain its leadership status throughout the forecast period. The space launch services are used by the government and military for various purposes such as for scientific research, for instance, the launch of the Hubble space telescope, which helps scientists to study the universe. Moreover, there are communication satellites that help the government and military to communicate in the occurrence of critical situations or contact its personnel in some remote areas. Governments & militaries use space satellites for surveillance and intelligence gathering. The development of the technology and its implementation, such as the launch of James Webb, helps the space launch service market to fulfill the goals of scientific study and space exploration, and national security. However, the commercial segment would cite the fastest CAGR of 13.8% from 2023 to 2032.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/6081
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ ๐๐ซ๐ง๐๐ซ๐๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ฌ๐ก๐๐ซ๐ ๐ข๐ง ๐๐๐๐
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly one-third of the global space launch services market revenue and is estimated to maintain its leadership status throughout the forecast period. The North American space launch market has been rapidly evolving, with increase in competition as new players have entered the market and established companies competing for the market share. Moreover, there are companies introducing space tourism for people. Blue Origin and SpaceX have developed spacecraft that can be used for commercial spaceflight. However, the Asia-Pacific region would cite the fastest CAGR of 14.9% during the forecast period.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/reusable-launch-vehicle-market-A10670 - Global Opportunity Analysis and Industry Forecast, 2025-2035
https://www.alliedmarketresearch.com/rocket-launchpad-market-A10831 - Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/satellite-manufacturing-and-launch-systems-market-A11976 - Global Opportunity Analysis and Industry Forecast, 2023-2032
๐ฐ ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/6081
The space launch services industry encompasses the commercialization of sending payloads into space, such as satellites, spacecraft, scientific instruments, and others. Private companies are developing unique launch vehicles and services that provide cost-effective and dependable options for delivering payloads to diverse orbits and destinations. On the basis of the missionโs purpose, space launch services can offer several orbital configurations, like GEO (geostationary orbit), LEO (Low Earth Orbit), MEO (Medium Earth Orbit), and many more.
Moreover, the space launch services market is witnessing suitable growth in recent years, owing to the increase in contracts and demand for satellite launches across the globe. Moreover, the key manufacturers operating in the industry have been inclined towards developing new and advance technology which will reduce the cost of the overall service and offers space tourism as an activity to any aspiring person. For instance, in June 2023, Virgin Galactic completed its first commercial spaceflight mission. The spaceflight named galactic 01. The spaceflight took a 75 minute suborbital journey and landed successfully. Similarly in September 2021, SpaceX falcon 9 has also delivered a four person crew to the space station as a part of companyโs space tourism program. Such developments in space tourism program creates opportunities and growth for the space launch service market across the globe.
Increased satellite launches due to rising need for satellite-based services such as broadband internet, navigation, remote sensing, and communication supplements the growth of the market. These services are employed across industries, such as logistics, telecommunications, agriculture, and defense. Moreover, with the advancement in technology and engineering, satellite launch has been made easier and less expensive thus leading to the growth of the market across the globe. With the production of reusable rockets and other space technology has significantly decreased launch costs. Companies alike SpaceX, Blue Origin, and Rocket Lab have developed new launch vehicles and technologies that could lower the cost of satellite launches even further. For instance, on March 1, 2022, NASA successfully launched a third next-generation satellite for the National Oceanic and Atmospheric Administration (NOAA). GOES-T, the latest geostationary operational environmental satellite, was launched from Cape Canaveral Space Force Station on a United Launch Alliance Atlas V rocket.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/space-launch-services-market/purchase-options
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ: -
Airbus
Antrix Corporation limited
China Aerospace Science and Technology Corporation
Lockheed Martin Corporation
Mitsubishi Heavy Industries, LTD
Northrop Grumman Corporation
Rocket Lab USA
SAFRAN SA
SPACEX
Starsem
๐๐ก๐ ๐ฅ๐๐ง๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on launch platform, the land segment held the highest market share in 2022, accounting for nearly four-fifths of the global space launch services market revenue and is estimated to maintain its leadership status throughout the forecast period. Land-based launches consist of a launch pad, a rocket or spacecraft, and a range of support infrastructure. The land-based launch is preferred the most, as it provides a stable and controlled environment for the launch vehicle. Land-based launch systems are capable of launching large payloads into orbit, making them well-suited for a wide range of missions. However, the sea segment would cite the fastest CAGR of 14.0% during the forecast period.
๐๐ก๐ ๐ฉ๐ซ๐-๐ฅ๐๐ฎ๐ง๐๐ก ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on service type, the pre-launch segment held the highest market share in 2022, accounting for more than three-fifths of the global space launch services market revenue and is estimated to maintain its leadership status throughout the forecast period. The same segment is estimated to cite the fastest CAGR of 14.1% during the forecast time period. Pre-launch services might include a wide range of tasks depending on the type of launch site, the mission, and the hardware employed. These services may include spacecraft integration, launch site preparation, launch vehicle and spacecraft testing and checkout, pre-launch processing, and launch operations support.
๐๐ก๐ ๐ก๐๐๐ฏ๐ฒ ๐ฅ๐๐ฎ๐ง๐๐ก ๐ฏ๐๐ก๐ข๐๐ฅ๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on launch vehicle, the heavy launch vehicle segment held the highest market share in 2022, accounting for nearly three-fourths of the global space launch services market revenue and is estimated to maintain its leadership status throughout the forecast period. Heavy launch vehicles are required to meet the increase in demand for larger and more complex spacecraft. Interplanetary missions require larger and more sophisticated aircraft, and these missions require the launch of heavy payloads which are expected to be accomplished only by heavy lift launch vehicles. However, the small launch segment would cite the fastest CAGR of 15.3% from 2023 to 2032.
๐๐ก๐ ๐ ๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐๐ง๐ ๐ฆ๐ข๐ฅ๐ข๐ญ๐๐ซ๐ฒ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on end user, the heavy launch vehicle segment held the highest market share in 2022, accounting for more than half of the global space launch services market revenue and is estimated to maintain its leadership status throughout the forecast period. The space launch services are used by the government and military for various purposes such as for scientific research, for instance, the launch of the Hubble space telescope, which helps scientists to study the universe. Moreover, there are communication satellites that help the government and military to communicate in the occurrence of critical situations or contact its personnel in some remote areas. Governments & militaries use space satellites for surveillance and intelligence gathering. The development of the technology and its implementation, such as the launch of James Webb, helps the space launch service market to fulfill the goals of scientific study and space exploration, and national security. However, the commercial segment would cite the fastest CAGR of 13.8% from 2023 to 2032.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/6081
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ ๐๐ซ๐ง๐๐ซ๐๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ฌ๐ก๐๐ซ๐ ๐ข๐ง ๐๐๐๐
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly one-third of the global space launch services market revenue and is estimated to maintain its leadership status throughout the forecast period. The North American space launch market has been rapidly evolving, with increase in competition as new players have entered the market and established companies competing for the market share. Moreover, there are companies introducing space tourism for people. Blue Origin and SpaceX have developed spacecraft that can be used for commercial spaceflight. However, the Asia-Pacific region would cite the fastest CAGR of 14.9% during the forecast period.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/reusable-launch-vehicle-market-A10670 - Global Opportunity Analysis and Industry Forecast, 2025-2035
https://www.alliedmarketresearch.com/rocket-launchpad-market-A10831 - Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/satellite-manufacturing-and-launch-systems-market-A11976 - Global Opportunity Analysis and Industry Forecast, 2023-2032
David Correa
Allied Market Research
+1 800-792-5285
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