Global Space Launch Services Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 10/11/2022
- NO OF PAGES
- 258
- CATEGORY
- Aerospace & Defense
Market Overview:
The Global Space Launch Services Market was valued at USD 12.5 billion in 2021 and expected to grow at a CAGR of 14.8% during the forecast period. The global space launch services market refers to the commercial activities involved in launching spacecraft, satellites, and other payloads into space. These services include pre-launch activities such as launch vehicle development, launch site preparation, and mission planning, as well as actual launch operations and post-launch activities such as spacecraft tracking and maintenance.
The market is composed of various types of launch services, including orbital, suborbital, and deep space launches, and is driven by increasing demand for satellite-based applications such as communication, navigation, remote sensing, and earth observation.
Covid-19 Impact:
The COVID-19 pandemic has had a mixed impact on the global space launch services market. On one hand, the pandemic has caused delays and disruptions to the development and launch of some spacecraft and payloads due to supply chain disruptions, travel restrictions, and reduced staffing at launch facilities.
On the other hand, the pandemic has also increased demand for certain types of space-based applications such as remote sensing, earth observation, and telecommunication services, which has led to an increase in demand for launch services. This is particularly true in the commercial space sector, where companies like SpaceX and OneWeb have continued to launch satellites for their respective satellite internet constellations during the pandemic.
Overall, the pandemic has slowed down some aspects of the space launch industry, but it has also highlighted the importance of space-based services for many aspects of modern life, leading to increased investment and interest in the sector.
Market Dynamics:
Drivers:
Increased demand for satellite-based services: There is a growing demand for satellite-based applications such as communication, navigation, remote sensing, and earth observation. This has led to an increased demand for launch services to deploy and maintain satellites in orbit.
Growth of commercial space sector: The emergence of private space companies like SpaceX, Blue Origin, and Rocket Lab has led to increased competition and innovation in the space launch industry. These companies are developing new launch vehicles and reusable rockets, which is driving down launch costs and making space more accessible to businesses and governments.
Technological advancements: Advancements in launch vehicle technology, including the development of reusable rockets and new propulsion systems, are driving down launch costs and increasing the reliability and safety of launches.
Government space programs: Governments around the world continue to invest in space programs for national security, scientific research, and exploration. These programs drive demand for launch services to deploy spacecraft and payloads into orbit.
Increased commercialization of space: There is a growing trend of companies and governments exploring new commercial opportunities in space, such as space tourism, space mining, and in-orbit servicing. This is driving demand for launch services to deploy and maintain spacecraft in orbit.
Restraints:
High cost of launch services: Launching a spacecraft or payload into orbit is still a very expensive process, which limits the number of companies and organizations that can afford to use launch services.
Technical challenges: Launching a spacecraft into orbit is a complex and technically challenging process. There is a risk of launch failure, which can result in the loss of the spacecraft or payload and significant financial losses for the customer.
Regulatory challenges: The space launch industry is heavily regulated by national and international bodies, which can create challenges for new entrants and limit competition.
Regional Analysis:
North America: North America is the largest market for space launch services, driven by the presence of established space agencies like NASA and a growing commercial space sector. Companies like SpaceX, Blue Origin, and United Launch Alliance are based in North America, which further drives demand for launch services in the region.
Europe: Europe is another important market for space launch services, with major players like Arianespace and the European Space Agency (ESA) operating in the region. The development of the European launch vehicle, Ariane 6, is expected to boost demand for launch services in the region.
Asia-Pacific: The Asia-Pacific region is a growing market for space launch services, with countries like China, India, and Japan investing heavily in their space programs. China, in particular, is emerging as a major player in the global space launch market, with its own launch vehicles and a growing number of commercial launches.
Middle East & Africa: The Middle East & Africa region is a relatively small market for space launch services, with few established launch providers in the region. However, the region is expected to see growth in the coming years, driven by the emergence of new players and the increasing demand for satellite-based services in the region.
Latin America: Latin America is a small but growing market for space launch services, with countries like Brazil and Argentina investing in their space programs. The development of the VLM-1 launch vehicle by Brazil's Space Agency is expected to boost demand for launch services in the region.
Market Segmentation:
Payload Type: The market can be segmented based on the type of payload that needs to be launched, such as satellites, human spacecraft, probes, and cargo spacecraft.
Service Type: The market can be segmented based on the type of service being offered, such as pre-launch, launch, and post-launch services.
Launch Vehicle Type: The market can be segmented based on the type of launch vehicle being used, such as expendable launch vehicles (ELVs) and reusable launch vehicles (RLVs).
End User: The market can be segmented based on the end user of the launch services, such as government agencies, commercial companies, and academic institutions.
Application: The market can be segmented based on the application of the payload being launched, such as communication, remote sensing, navigation, earth observation, and scientific research.
Region: The market can also be segmented based on geographic regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Competitive Landscape:
The global space launch services market is highly competitive, with several established players and new entrants vying for market share.
Some of the key players in the market include:
SpaceX
Arianespace
United Launch Alliance (ULA)
Roscosmos
China Aerospace Science and Technology Corporation (CASC)
Blue Origin
Rocket Lab
Other notable players in the market include Northrop Grumman, Mitsubishi Heavy Industries, and Virgin Galactic.
Overall, the global space launch services market is a highly competitive industry, with several established players and new entrants competing for market share. Companies are investing in new launch vehicles, reusable rockets, and innovative technologies to stay ahead of the competition and meet the growing demand for space launch services.
Global Space Launch Services Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Space Launch Services market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Global Space Launch Services Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
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Historic Year: 2016-2022
Forecast: 2024-2035
1 Space Launch Services Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Space Launch Services
1.3 Space Launch Services Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Space Launch Services
1.4.2 Applications of Space Launch Services
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Orbital ATK Market Performance Analysis
3.1.1 Orbital ATK Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Orbital ATK Sales, Value, Price, Gross Margin 2016-2021
3.2 Arianespace Market Performance Analysis
3.2.1 Arianespace Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Arianespace Sales, Value, Price, Gross Margin 2016-2021
3.3 Antrix Corporation Market Performance Analysis
3.3.1 Antrix Corporation Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Antrix Corporation Sales, Value, Price, Gross Margin 2016-2021
3.4 Space International Services Market Performance Analysis
3.4.1 Space International Services Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Space International Services Sales, Value, Price, Gross Margin 2016-2021
3.5 China Great Wall Industry Corporation Market Performance Analysis
3.5.1 China Great Wall Industry Corporation Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 China Great Wall Industry Corporation Sales, Value, Price, Gross Margin 2016-2021
3.6 Boeing Market Performance Analysis
3.6.1 Boeing Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Boeing Sales, Value, Price, Gross Margin 2016-2021
3.7 Lockheed Martin Market Performance Analysis
3.7.1 Lockheed Martin Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Lockheed Martin Sales, Value, Price, Gross Margin 2016-2021
3.8 Mitsubishi Heavy Industries Market Performance Analysis
3.8.1 Mitsubishi Heavy Industries Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Mitsubishi Heavy Industries Sales, Value, Price, Gross Margin 2016-2021
3.9 United Launch Alliance Market Performance Analysis
3.9.1 United Launch Alliance Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 United Launch Alliance Sales, Value, Price, Gross Margin 2016-2021
3.10 ILS International Market Performance Analysis
3.10.1 ILS International Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 ILS International Sales, Value, Price, Gross Margin 2016-2021
3.11 EUROCKOT Market Performance Analysis
3.11.1 EUROCKOT Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 EUROCKOT Sales, Value, Price, Gross Margin 2016-2021
3.12 Space Exploration Technologies Market Performance Analysis
3.12.1 Space Exploration Technologies Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 Space Exploration Technologies Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Space Launch Services Production and Value by Type
4.1.1 Global Space Launch Services Production by Type 2016-2021
4.1.2 Global Space Launch Services Market Value by Type 2016-2021
4.2 Global Space Launch Services Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Pre-Launch Market Production, Value and Growth Rate
4.2.2 Post-Launch Market Production, Value and Growth Rate
4.3 Global Space Launch Services Production and Value Forecast by Type
4.3.1 Global Space Launch Services Production Forecast by Type 2022-2030
4.3.2 Global Space Launch Services Market Value Forecast by Type 2022-2030
4.4 Global Space Launch Services Market Production, Value and Growth Rate by Type Forecast 2022-2030
4.4.1 Pre-Launch Market Production, Value and Growth Rate Forecast
4.4.2 Post-Launch Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Space Launch Services Consumption and Value by Application
5.1.1 Global Space Launch Services Consumption by Application 2016-2021
5.1.2 Global Space Launch Services Market Value by Application 2016-2021
5.2 Global Space Launch Services Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Commercial Market Consumption, Value and Growth Rate
5.2.2 Military & Government Market Consumption, Value and Growth Rate
5.3 Global Space Launch Services Consumption and Value Forecast by Application
5.3.1 Global Space Launch Services Consumption Forecast by Application 2022-2030
5.3.2 Global Space Launch Services Market Value Forecast by Application 2022-2030
5.4 Global Space Launch Services Market Consumption, Value and Growth Rate by Application Forecast 2022-2030
5.4.1 Commercial Market Consumption, Value and Growth Rate Forecast
5.4.2 Military & Government Market Consumption, Value and Growth Rate Forecast
6 Global Space Launch Services by Region, Historical Data and Market Forecasts
6.1 Global Space Launch Services Sales by Region 2016-2021
6.2 Global Space Launch Services Market Value by Region 2016-2021
6.3 Global Space Launch Services Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Space Launch Services Sales Forecast by Region 2022-2030
6.5 Global Space Launch Services Market Value Forecast by Region 2022-2030
6.6 Global Space Launch Services Market Sales, Value and Growth Rate Forecast by Region 2022-2030
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2030
7.1 United State Space Launch Services Value and Market Growth 2016-2021
7.2 United State Space Launch Services Sales and Market Growth 2016-2021
7.3 United State Space Launch Services Market Value Forecast 2022-2030
8 Canada Market Size Analysis 2016-2030
8.1 Canada Space Launch Services Value and Market Growth 2016-2021
8.2 Canada Space Launch Services Sales and Market Growth 2016-2021
8.3 Canada Space Launch Services Market Value Forecast 2022-2030
9 Germany Market Size Analysis 2016-2030
9.1 Germany Space Launch Services Value and Market Growth 2016-2021
9.2 Germany Space Launch Services Sales and Market Growth 2016-2021
9.3 Germany Space Launch Services Market Value Forecast 2022-2030
10 UK Market Size Analysis 2016-2030
10.1 UK Space Launch Services Value and Market Growth 2016-2021
10.2 UK Space Launch Services Sales and Market Growth 2016-2021
10.3 UK Space Launch Services Market Value Forecast 2022-2030
11 France Market Size Analysis 2016-2030
11.1 France Space Launch Services Value and Market Growth 2016-2021
11.2 France Space Launch Services Sales and Market Growth 2016-2021
11.3 France Space Launch Services Market Value Forecast 2022-2030
12 Italy Market Size Analysis 2016-2030
12.1 Italy Space Launch Services Value and Market Growth 2016-2021
12.2 Italy Space Launch Services Sales and Market Growth 2016-2021
12.3 Italy Space Launch Services Market Value Forecast 2022-2030
13 Spain Market Size Analysis 2016-2030
13.1 Spain Space Launch Services Value and Market Growth 2016-2021
13.2 Spain Space Launch Services Sales and Market Growth 2016-2021
13.3 Spain Space Launch Services Market Value Forecast 2022-2030
14 Russia Market Size Analysis 2016-2030
14.1 Russia Space Launch Services Value and Market Growth 2016-2021
14.2 Russia Space Launch Services Sales and Market Growth 2016-2021
14.3 Russia Space Launch Services Market Value Forecast 2022-2030
15 China Market Size Analysis 2016-2030
15.1 China Space Launch Services Value and Market Growth 2016-2021
15.2 China Space Launch Services Sales and Market Growth 2016-2021
15.3 China Space Launch Services Market Value Forecast 2022-2030
16 Japan Market Size Analysis 2016-2030
16.1 Japan Space Launch Services Value and Market Growth 2016-2021
16.2 Japan Space Launch Services Sales and Market Growth 2016-2021
16.3 Japan Space Launch Services Market Value Forecast 2022-2030
17 South Korea Market Size Analysis 2016-2030
17.1 South Korea Space Launch Services Value and Market Growth 2016-2021
17.2 South Korea Space Launch Services Sales and Market Growth 2016-2021
17.3 South Korea Space Launch Services Market Value Forecast 2022-2030
18 Australia Market Size Analysis 2016-2030
18.1 Australia Space Launch Services Value and Market Growth 2016-2021
18.2 Australia Space Launch Services Sales and Market Growth 2016-2021
18.3 Australia Space Launch Services Market Value Forecast 2022-2030
19 Thailand Market Size Analysis 2016-2030
19.1 Thailand Space Launch Services Value and Market Growth 2016-2021
19.2 Thailand Space Launch Services Sales and Market Growth 2016-2021
19.3 Thailand Space Launch Services Market Value Forecast 2022-2030
20 Brazil Market Size Analysis 2016-2030
20.1 Brazil Space Launch Services Value and Market Growth 2016-2021
20.2 Brazil Space Launch Services Sales and Market Growth 2016-2021
20.3 Brazil Space Launch Services Market Value Forecast 2022-2030
21 Argentina Market Size Analysis 2016-2030
21.1 Argentina Space Launch Services Value and Market Growth 2016-2021
21.2 Argentina Space Launch Services Sales and Market Growth 2016-2021
21.3 Argentina Space Launch Services Market Value Forecast 2022-2030
22 Chile Market Size Analysis 2016-2030
22.1 Chile Space Launch Services Value and Market Growth 2016-2021
22.2 Chile Space Launch Services Sales and Market Growth 2016-2021
22.3 Chile Space Launch Services Market Value Forecast 2022-2030
23 South Africa Market Size Analysis 2016-2030
23.1 South Africa Space Launch Services Value and Market Growth 2016-2021
23.2 South Africa Space Launch Services Sales and Market Growth 2016-2021
23.3 South Africa Space Launch Services Market Value Forecast 2022-2030
24 Egypt Market Size Analysis 2016-2030
24.1 Egypt Space Launch Services Value and Market Growth 2016-2021
24.2 Egypt Space Launch Services Sales and Market Growth 2016-2021
24.3 Egypt Space Launch Services Market Value Forecast 2022-2030
25 UAE Market Size Analysis 2016-2030
25.1 UAE Space Launch Services Value and Market Growth 2016-2021
25.2 UAE Space Launch Services Sales and Market Growth 2016-2021
25.3 UAE Space Launch Services Market Value Forecast 2022-2030
26 Saudi Arabia Market Size Analysis 2016-2030
26.1 Saudi Arabia Space Launch Services Value and Market Growth 2016-2021
26.2 Saudi Arabia Space Launch Services Sales and Market Growth 2016-2021
26.3 Saudi Arabia Space Launch Services Market Value Forecast 2022-2030
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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