Space Launch Services Market Statistics 2027: Major Factors that can Increase the Global Demand
Increase in investment in space exploration activities by governments, surge in satellite launches across the world, demand for commercial non-geostationary satellite orbit (NGSO) space launches have boosted the growth of the global space launch services market. However, high initial cost of investment and concerns related to interoperability hamper the market growth. On the contrary, space tourism and product innovation to reduce prices of space launch are expected to create lucrative opportunities in the near future.
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The global space launch services market is divided on the basis of payload, launch platform, service type, launch vehicles, end users, and geography. Based on payload, the market is segmented into satellite, human spaceflight, cargo, testing probes, and stratollite. The satellite segment dominated the market in 2018, contributing to more than half of the total share, and is expected to maintain its dominance during the forecast period. Moreover, the segment is projected to register the fastest CAGR of 17.7% through 2026.
On the basis of launch platform, the market is divided into land, air, and sea. On the other hand, the market is divided into government & military and commercial on the basis of end user. The government & military segment held the largest share in 2018, accounting for more than two-thirds of the market. However, the commercial segment is projected to register the fastest CAGR of 17.7% during the forecast period.
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The global space launch services market is analyzed across various regions such as U.S. Russia, Other European Countries, China, India, Japan, New Zealand and the rest of the world. The market across the U.S. held the largest share in 2018, contributing nearly two-fifths of the market. Moreover, the country is estimated to manifest the fastest CAGR of 18.5% during the forecast period.
Key Finding of the Space Launch Services Market:
1 The space launch services market is analyzed from 2018 to 2026.
2 U.S. region is projected to grow at the highest CAGR of approximately 18.5%, in terms of revenue, during the forecast period.
3 By end-user, the commercial segment is anticipated to grow with CAGR 15.4%, in terms of revenue, during the forecast period.
4 The U.S. and China dominated the market with a revenue share of over 39.2% and 21.3% in 2018.
5 A comprehensive analysis of the factors that drive and restrain the space launch services market growth is provided.
6 The qualitative data in this report aims at the market dynamics, trends, and developments in the industry.
7 The space launch services market size provided in terms of launch services revenue.
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Market players grabbing the largest pie
* Antrix Corporation Ltd.
* Mitsubishi Heavy Industries
* Space Exploration Technologies Corp (SPACEX)
* AIRBUS S.A.S (Arianespace)
* Safran (Arianespace)
* The Boeing Company (United Launch Alliance)
* Lockheed Martin Corp. (United Launch Alliance)
* State Space Corporation ROSCOSMOS
* ISC Kosmotras
* S7 Space (Sea Launch)
* China Aerospace Science and Technology Corporation
* Northrop Grumman Corp.
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