Space Launch Services Market Size, Share 2020, Impressive Industry Growth Report 2027

The Space Launch Services Market is projected to grow at a significant CAGR during the forecast period. The global space launch services market is linked with the activities carried out by space launch service providers. It includes ordering, conversions, assembly, construction and stacking, integration of payload, and launch. The rising number of private players has resulted in the reduction of the launch cost and new private firms which are focusing more on new technologies have marked a new phase in the market. The growing number of satellite and testing prone launches is propelling the space launch services market growth. Moreover, efforts to further reduce the launching cost and increased government investment acts as a driver for the growth of the space launch services market.

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Some of the prominent players in the market include Mitsubishi Heavy Industries, Space Exploration Technologies Corp. (SpaceX), AIRBUS S.A.S, Safran, and The Boeing Company. Other companies in the value chain of the market include Astrobotic, Swedish Space Corporation, and Virgin Galactic. The contracts, joint ventures, and partnerships are increasing all across the globe. For instance, SpaceX has signed a deal to launch two satellites of Kazakhstan through Falcon 9 launch as a ridesharing partner. The new joint venture of The Boeing Company and Lockheed Martin Corp to form United Launch Services is propelling to increase in space projects. Hence, the demand for space launching services is increasing which is driving the growth of the space launch services market.

Space Robotic Solution Market- Segmentation

By Payload

• Satellite
• Small (less than 1,000 kg)
• Large (Above 1,000 kg)
• Human Spacecraft
• Cargo
• Testing Probes

By Launch Platform

• Land
• Air
• Sea

By Service Type

• Pre-Launch
• Post Launch

By Launch Vehicle

• Small (less than 300tons)
• Heavy (above 300 tons)

By End-User

• Government & Military
• Commercial

Segment by Region

North America

• US
• Canada
• Mexico

Europe

• Germany
• France
• Italy
• Spain
• UK
• Rest of Europe

Asia-Pacific

• Japan
• China
• India
• Australia and New Zealand
• Rest of Asia-Pacific

Rest of the World

• South America
• Middle East
• Africa

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Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Space Launch Services Market Report

• What was the Space Launch Services Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Space Launch Services Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Space Launch Services Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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This release was published on openPR.