Space Launch Services Market Statistics 2027: Major Factors that can Increase the Global Demand

The space launch services market is segmented on the basis of payload, launch platform, service type, launch vehicle, end-user, and region. By payload, it is divided into satellite [(further segmented into small (less than 1,000 kg) and large satellite (above 1,000 kg)], human spacecraft, cargo, testing probes, and stratollite. By launch platform, it is categorized into land, air, and sea. By service type, it is bifurcated into pre-launch and post launch services. On the basis of launch vehicle, it is classified into small (less than 300 tons) and heavy (more than 300 tons). The end-user segment is divided into government & military and commercial sectors. Region-wise, it is analyzed across U.S., Russia, Other European Countries, China, India, Japan, New Zealand and Rest of the World.

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.

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)
Starsem
China Aerospace Science and Technology Corporation
Northrop Grumman Corp.

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