Global Space Launch Services Market 2023 - Business Outlook, Trends Analysis, Growth Overview, Industry Share And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Space Launch Services Global Market Report 2023 identifies increase in satellite launches across the globe as the major driver for the Space Launch Services market's growth in the forecast period. Satellite launch refers to the transportation of spacecraft from earth's surface to earth's atmosphere or into orbits around the earth by using a carrier rocket that can carry a payload of spacecraft. The space launch service is used to improve the capabilities of satellites launched in earth orbits to carry out successful space missions by providing pre-launch and post-launch services such as management services, integration, and logistics, tracking data, telemetry support, cargo services, and others.

The global space launch services market size is expected to grow from $13.38 billion in 2022 to $15.43 billion in 2023, at a compound annual growth rate (CAGR) of 15.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The space launch services market size is expected to grow to $26.16 billion in 2027 at a CAGR of 14.1%.

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Major competitors in the Space Launch Services market are Antrix Corporation Limited, Arianespace SA, Airbus SE, Space Exploration Technologies Corporation, Lockheed Martin Corporation, The Boeing Company.

A key trend in the Space Launch Services market includes technological advancement. Major companies are focused on product innovations based on new technologies that could provide better solutions and strengthen their position in the market. For instance, in October 2021, SpinLaunch, a US-based company operating in spaceflight technology development, introduced its Orbital Launch System (OLS), which uses kinetic energy, an energy that a body has because of its mass and speed, known as kinetic energy, to launch a payload into low earth orbit, also known as the suborbital accelerator technology demonstrator.

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The Space Launch Services market is segmented -

• By Service Type: Pre-Launch Services, Post-Launch Services
• By Orbit: Low Earth Orbit, Medium Earth Orbit, Geosynchronous Orbit, Beyond Geosynchronous Orbit
• By Payload: Satellite, Human Spacecraft, Cargo, Testing Probes, Stratollite
• By Launch Platform: Land, Air, Sea
• By End Use: Commercial, Military And Government
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Space Launch Services market.

The Business Research Company's "Global Space Launch Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Space Launch Services Market Include:

1. Executive Summary
2. Space Launch Services Market Characteristics
3. Space Launch Services Market Trends And Strategies
4. Space Launch Services Market - Macro Economic Scenario
5. Space Launch Services Market Size And Growth
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26. Africa Space Launch Services Market
27. Space Launch Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Space Launch Services Market
29. Space Launch Services Market Future Outlook and Potential Analysis
30. Appendix

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