The latest study on the Space Launch Services Market industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 - 2032 . The report is furnished with the latest scenario and growth outlook of the market with regard to the impact of the pandemic.The report considers 2017-2018 as historical years, 2019 as the base year, and 2020- 2032 as the forecast timeline. The report offers strategic recommendations to the key stakeholders and investors to help them ascertain maximum returns on their investments and formulate new strategic business plans.
Global space launch services market size reached USD 6.59 billion in 2021 and is expected to register a revenue CAGR of 14.6% during the forecast period, according to latest analysis by Emergen Research. Rising demand for small satellites and for satellite data are some key factors expected to continue to drive market revenue growth over the forecast period.Small satellites are cost-effective and reduce time for manufacturing and launch into orbit. These satellites are normally launched as a group and that mitigates risks of failure and allows for multiple points of data collection. Moreover, launch vehicles can carry and place a larger number of smaller satellites in orbit or further at the same time, which is a key factor increasing demand for small satellites, and is expected to drive revenue growth of the global market going ahead.
Key participants include Space Exploration Technologies Corporation, Spaceflight Industries, Inc., International Launch Services, Inc., Blue Origin, LLC, Eurockot Launch Services GmbH, Mitsubishi Heavy Industries Ltd., Arianespace S.A., China Great Wall Industry Corporation., Antrix Corporation Limited., and International Space Company Kosmotras
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Drivers:
Several factors drive the growth of the Space Launch Services market. One primary driver is the increasing demand for satellite-based services and infrastructure, driven by the expansion of global telecommunications networks, the proliferation of remote sensing technologies, and the emergence of new applications such as broadband internet connectivity and space tourism. Additionally, the growing interest from commercial entities in space-based ventures, including satellite constellations and lunar exploration, fuels demand for reliable and cost-effective launch solutions offered by commercial launch service providers.
Research Methodology
Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.
Key Objectives of the Global Space Launch Services Market Report:
- An all-inclusive analysis and forecast estimation of the market have been included in this report.
- The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Space Launch Services Market
- and its leading players.
- The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
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Restraints:
Despite its growth trajectory, the Space Launch Services market faces certain restraints. One challenge is the high cost and complexity associated with developing and operating launch vehicles and infrastructure, which can pose barriers to entry for new market players and limit competition. Moreover, geopolitical tensions and regulatory uncertainties surrounding space activities, including export controls and spectrum allocation, may impede the growth of the commercial space sector and inhibit investment in launch services. Additionally, technical risks and launch failures can erode confidence in launch providers and deter potential customers from utilizing their services.
Emergen Research has segmented the global space launch services market on the basis of payload, services, orbit, application, platform, and region:
· Payload Outlook (Revenue, USD Billion; 2019–2030)
- Small Satellite
- Nanosatellite
- Microsatellite
- Minisatellite
- Medium Satellite
- Large Satellite
- Human Spacecraft
- Small Satellite
· Services Outlook (Revenue, USD Billion; 2019–2030)
- Pre-launch Services
- Management Services
- Integration & Logistics
- Tracking, Data & Telemetry Support
- Insurance
- Post-launch Services
- Launch and Early Operations Phase
- Re-supply Missions
- Stabilization
- Pre-launch Services
· Orbit Outlook (Revenue, USD Billion; 2019–2030)
- Low Earth Orbit (LEO)
- Medium Earth Orbit (MEO)
- Geosynchronous Orbit
- Polar Orbit
· Application Outlook (Revenue, USD Billion; 2019–2030)
- Commercial
- Government
- Military
Regional Overview:
The global Space Launch Services Market market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Space Launch Services Market market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2020-2027
Global Space Launch Services Market Report – Table of Contents:
- Chapter 1 includes the global Space Launch Services Market market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
- Chapter 2 broadly categorizes the Space Launch Services Market market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
- Chapter 3 elaborates on the competitive outlook of the Space Launch Services Market market, focusing on the major manufacturers and vendor landscape.
- Chapter 4 exhaustively studies the key manufacturers of the Space Launch Services Market industry, along with their anticipated sales and revenue shares.
- Chapters 5 includes market segmentation based on product type, application range, and market players.
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
