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Space Launch Services Market

Space Launch Services Market Forecasts to 2028 - Global Analysis By Launch Type (Re-Usable, Single Use), Launch Platform (Land, Air, Sea), Launch Vehicle (Small [Less than 300 ton], Heavy [Above 300 ton]) and By Geography

4.5 (44 reviews)
Published: September 2022 ID: SMRC21819
4.5 (44 reviews)
Published: September 2022 ID: SMRC21819

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Space Launch Services Market is accounted for $17.19 billion in 2022 and is expected to reach $42.11 billion by 2028 growing at a CAGR of 16.1% during the forecast period. The space launch services market is associated with the actions carried out by space launch service providers. It contains of a series of events such as ordering, conversion, construction, stacking and assembly, integration of payload, and launch.

According to a US survey, roughly seven-in-ten Americans (72%) say it is essential for the U.S. to continue to be a world leader in space exploration, and eight-in-ten (80%) say the space station has been a good investment for the country, according to a new Pew Research Centre. In 2021 for instance, Indian Space Research Organization (ISRO) launched a Polar Satellite Launch Vehicle (PSLV), which carried Brazil’s earth observation satellite, Amazonia-1, and 18 other satellites belonging to the U.S., and similar such initiatives are expected to be conducted, which will contribute to growth market.

Market Dynamics:

Driver:

Rising space programs to improve industry progress

As it includes a variety of services designed to launch rockets that form satellites into space. Rising space programs are expected to enhance the demand for the product. Further, growing research and development costs will foster the demand for such services. Moreover, rising partnerships and joint ventures are predictable to improve the demand for the services. Additionally, strong demand for re-usable vehicles is predictable to drive the market growth.

Restraint:

Limited intellectual assets

The remarkable success of recent space exploration missions by space agencies in the Asia Pacific, such as the Indian Space and Research Organization (ISRO) and the China National Space Administration (CNSA), can be accredited to a large number of qualified scientists and personnel with relevant key skills in the province. Critical space operations rely heavily on intellectual assets, incorporating research & development, patents, software, human resources, and new organizational structures. These assets are strategic factors in value creation for firms. However, the expansion of the services sector, globalization, deregulation, and the emergence of new information and communication technologies has resulted in the scarcity of intellectual assets across the globe. This has resulted in a lack of space exploration programs in these countries, limiting the growth of the market.

Opportunity:

Technological advancements in space industry

Due to technologies, like the miniaturization of satellites and payloads, manufacturers seek to leverage cost reduction while performing key operations in the value chain. Defence provinces across the world are also looking for less expensive multifunctional spacecraft. Recoverable launch vehicles are another technology that is a major opportunity for the space industry. Such technologies have made launches easier and cheaper, motivating the growth of the market.

Threat:

Stringent regulations

International regulations are obstructing revenue growth of the market. The Outer Space Treaty, enacted in 1967, prevents governments from claiming any celestial bodies in space. Lack of property rights in outer space has dejected commercial corporations from investing in space research projects, and this is hampering prospects of future space programs. Additionally, lack of standards concerning disposal of space debris has resulted in a significant increase in orbital debris from previous missions, which could cause mishaps and accidents. These are other key factors threatening growth of the market to some extent.

Impact of Covid- 19

This market is predictable to be negatively affected during the COVID-19 pandemic owing to manufacturing constraints. The sudden spike in COVID-19 infections led to the imposition of stringent lockdown norms. This factor led to severe supply chain disruptions. Further, the restrictions on transport and travel created raw material shortages, thereby hindering space rocket production. Additionally, shortage of semiconductors is expected to disrupt spacecraft production, thereby affecting the overall industry.

The Pre-Launch segment is expected to be the largest during the forecast period

The Pre-Launch segment is expected to be the largest during the forecast period. These are accessible by the players considering for better opportunities and competitive advantage in the market. The rapid growth of this segment can be accredited to the heightened interest in pre-launch services, for instance, dispatch coordination and procurement, coordination and reconciliation, following and telemetry support, and the executive's administrations. As players remain to influence these opportunities, the global market is bound to enjoy significant demand in the years to come.

The Small Satellite (Less than 1000 Kg) segment is expected to have the highest CAGR during the forecast period

The Small Satellite (Less than 1000 Kg) segment is expected to have the highest CAGR during the forecast period, owing to increasing demand for earth observation and communication satellites this satellite will screen earth and space observation, navigation, IoT and communication, internet access, and control of potential threats from outer space. Due to small starlight’s applications 26 new businesses in space started which in turn contributes the segment growth.

Region with highest share:

North America is projected to hold the largest market share during the forecast period as there are large-scale investments by the massive pool of space agencies as well as the private firms for emerging advanced satellites, the district’s position in the global market would remain unparalleled during the review timeframe. Further, the presence of major players such as SpaceX, Lockheed Martin, Blue Origin, and United Launch Alliance is anticipated to propel the industry growth.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the increasing spending on the development of advanced satellites for communications, surveillance, navigation, and earth observation in India, China and several other South Asian countries. Significant players like China Great Wall Industry Corporation, Mitsubishi Heavy Industries, and Antrix Corporation Limited based in the province also add to the market’s strength. In Asia Pacific, strong demand for surveillance, satellites, communication, and telecommunication may boost space launch services adoption.

Key players in the market:

Some of the key players profiled in the Space Launch Services Market include Antrix Corporation Ltd., Arianespace SA, Blue Origin, Boeing Company, The, China Great Wall Industry Corporation, Eurockot Launch Services GmbH, Ils International Launch Services, Inc., Isc Kosmotras, Lockheed Martin Corporation, Mitsubishi Heavy Industries Ltd., Orbital ATK, Inc., Spaceflight Industries, Inc., Spacex, United Launch Services, LLC.

Key Developments:

In October 2021: China Great Wall Industry Corporation launched satellite Chinese Hα Solar Explorer (CHASE), along with eight secondary satellites in a Long March-2D (LM-2D) Launch Vehicle from the Taiyuan Satellite Launch Center (TSLC), which will complement the observations made by on-orbit solar spacecraft.

In November 2021: Space Exploration Technologies Corporation (SpaceX) launched a Double Asteroid Redirection Test (DART) on a Falcon 9 rocket from Vandenberg Space Force Base in California that will hit a small asteroid in an attempt to deflect it from its path. Also, this is a first-of-its-kind planetary defense mission for NASA.

Launch Types Covered:
• Re-Usable
• Single Use

Launch Platforms Covered:
• Land
• Air
• Sea

Launch Vehicles Covered:
• Small [Less than 300 ton]
• Heavy [Above 300 ton]

Service Types Covered:
• Pre-Launch
• Post-Launch

Orbit Types Covered:
• Geostationary Orbit (GEO)
• Beyond GEO
• Low-Earth Orbit (LEO)
• Medium Earth Orbit (MEO)

Payloads Covered:
• Satellite
• Human Spacecraft
• Testing Probes
• Cargo

End Users Covered:
• Space Agencies
• Satellite Service Providers
• Private Companies
• Millitary & Government
• Defense Organizations
• Commercial

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Space Launch Services Market, By Launch Type
5.1 Introduction
5.2 Re-Usable
5.3 Single Use

6 Global Space Launch Services Market, By Launch Platform
6.1 Introduction
6.2 Land
6.3 Air
6.4 Sea

7 Global Space Launch Services Market, By Launch Vehicle
7.1 Introduction
7.2 Small [Less than 300 ton]
7.3 Heavy [Above 300 ton]

8 Global Space Launch Services Market, By Service Type
8.1 Introduction
8.2 Pre-Launch
8.3 Post-Launch

9 Global Space Launch Services Market, By Orbit Type
9.1 Introduction
9.2 Geostationary Orbit (GEO)
9.3 Beyond GEO
9.4 Low-Earth Orbit (LEO)
9.5 Medium Earth Orbit (MEO)

10 Global Space Launch Services Market, By Payload
10.1 Introduction
10.2 Satellite
10.2.1 Small Satellite (Less than 1000 Kg)
10.2.2 Large Satellite (Above 1000 Kg)
10.3 Human Spacecraft
10.4 Testing Probes
10.5 Cargo

11 Global Space Launch Services Market, By End User
11.1 Introduction
11.2 Space Agencies
11.3 Satellite Service Providers
11.4 Private Companies
11.5 Millitary & Government
11.6 Defense Organizations
11.7 Commercial

12 Global Space Launch Services Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa

13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies

14 Company Profiling
14.1 Antrix Corporation Ltd.
14.2 Arianespace SA
14.3 Blue Origin
14.4 Boeing Company, The
14.5 China Great Wall Industry Corporation
14.6 Eurockot Launch Services GmbH
14.7 Ils International Launch Services, Inc.
14.8 Isc Kosmotras
14.9 Lockheed Martin Corporation
14.10 Mitsubishi Heavy Industries Ltd.
14.11 Orbital ATK, Inc.
14.12 Spaceflight Industries, Inc.
14.13 Spacex
14.14 United Launch Services, LLC.

List of Tables
1 Global Space Launch Services Market Outlook, By Region (2020-2028) (US $MN)
2 Global Space Launch Services Market Outlook, By Launch Type (2020-2028) (US $MN)
3 Global Space Launch Services Market Outlook, By Re-Usable (2020-2028) (US $MN)
4 Global Space Launch Services Market Outlook, By Single Use (2020-2028) (US $MN)
5 Global Space Launch Services Market Outlook, By Launch Platform (2020-2028) (US $MN)
6 Global Space Launch Services Market Outlook, By Land (2020-2028) (US $MN)
7 Global Space Launch Services Market Outlook, By Air (2020-2028) (US $MN)
8 Global Space Launch Services Market Outlook, By Sea (2020-2028) (US $MN)
9 Global Space Launch Services Market Outlook, By Launch Vehicle (2020-2028) (US $MN)
10 Global Space Launch Services Market Outlook, By Small [Less than 300 ton] (2020-2028) (US $MN)
11 Global Space Launch Services Market Outlook, By Heavy [Above 300 ton] (2020-2028) (US $MN)
12 Global Space Launch Services Market Outlook, By Service Type (2020-2028) (US $MN)
13 Global Space Launch Services Market Outlook, By Pre-Launch (2020-2028) (US $MN)
14 Global Space Launch Services Market Outlook, By Post-Launch (2020-2028) (US $MN)
15 Global Space Launch Services Market Outlook, By Orbit Type (2020-2028) (US $MN)
16 Global Space Launch Services Market Outlook, By Geostationary Orbit (GEO) (2020-2028) (US $MN)
17 Global Space Launch Services Market Outlook, By Beyond GEO (2020-2028) (US $MN)
18 Global Space Launch Services Market Outlook, By Low-Earth Orbit (LEO) (2020-2028) (US $MN)
19 Global Space Launch Services Market Outlook, By Medium Earth Orbit (MEO) (2020-2028) (US $MN)
20 Global Space Launch Services Market Outlook, By Payload (2020-2028) (US $MN)
21 Global Space Launch Services Market Outlook, By Satellite (2020-2028) (US $MN)
22 Global Space Launch Services Market Outlook, By Small Satellite (Less than 1000 Kg) (2020-2028) (US $MN)
23 Global Space Launch Services Market Outlook, By Large Satellite (Above 1000 Kg) (2020-2028) (US $MN)
24 Global Space Launch Services Market Outlook, By Human Spacecraft (2020-2028) (US $MN)
25 Global Space Launch Services Market Outlook, By Testing Probes (2020-2028) (US $MN)
26 Global Space Launch Services Market Outlook, By Cargo (2020-2028) (US $MN)
27 Global Space Launch Services Market Outlook, By End User (2020-2028) (US $MN)
28 Global Space Launch Services Market Outlook, By Space Agencies (2020-2028) (US $MN)
29 Global Space Launch Services Market Outlook, By Satellite Service Providers (2020-2028) (US $MN)
30 Global Space Launch Services Market Outlook, By Private Companies (2020-2028) (US $MN)
31 Global Space Launch Services Market Outlook, By Millitary & Government (2020-2028) (US $MN)
32 Global Space Launch Services Market Outlook, By Defense Organizations (2020-2028) (US $MN)
33 Global Space Launch Services Market Outlook, By Commercial (2020-2028) (US $MN)

Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
 

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