The Space Launch Services Market Size was valued at USD 17.8 billion in 2022 and is expected to reach USD 54.60 billion by 2030 and grow at a CAGR of 15.04% over the forecast period 2023-2030.
The operations of space launch service providers are related to the market for space launch services. It consists of several events, including ordering, conversion, construction, stacking and assembly, payload integration, and launch. Private launch service providers' involvement has resulted in lower launch costs and the introduction of new technology, ushering in a new era in the sector.
.png)
To get more information on Space Launch Services Market - Request Free Sample Report
The increased number of satellite and testing probe launches is driving the expansion of the space launch services market. Furthermore, greater government investments and private capital have a substantial impact on market growth. The high initial expenses connected with the launch services, on the other hand, function as a market restraint. Furthermore, organisations' interoperability concerns stifle market expansion. Another factor impeding market expansion is a lack of skilled labour and opposition to adaption to new technologies. Meanwhile, attempts to minimise the cost of launch services provide a lucrative opportunity for market participants in the space launch services business. The space launch services market study takes into account all of the driving variables responsible for the global expansion of the space launch services industry. In addition, the market for space launch services is expected to grow from 2023 to 2030.
MARKET DYNAMICS
KEY DRIVERS
Increased Small Satellite Deployment Fueling the Growth of Space Launch Services
Significant investments by venture firms are fueling an increase in space exploration missions.
RESTRAINTS
Lack of Dedicated Small Satellite Launch Vehicles
A lack of procedures for disposing of orbital debris
OPPORTUNITY
Technological Upgradation in Space Industry Leading to Low Cost of Spacecraft Launches
CHALLENGES
Scarce Intellectual Assets in Many Countries Hindering the Expansion of the Space Launch Services Market
IMPACT OF COVID-19
The current COVID-19 outbreak has had a significant impact on the global economy. Because of the rapid spread of the sickness, a few countries are seeking to take drastic measures to control the spread of the illness. The extreme procedures implemented to stop the spread of the illnesses have limited organisations globally involved in Space Launch Services programmes. The pandemic has had a negative impact on companies in the Space Launch Services Market due to postponements in proposed satellite projects. Organizations make efforts to recover from financial disasters. However, government associations throughout the world will appear beneficial for boosting the Space Launch Services Market in the future.
Payload, launch platform, service type, launch vehicle, end-user, and area are the many segments of the space launch services sector. Small and big satellites, manned spacecraft, freight, testing probes, and strotallites are the payload categories. There are three types of launch platforms: land, air, and water. It is divided into two types of services: pre-launch and post-launch. It is divided into two categories based on the launch vehicle: tiny and heavy. The end-user group is classified into two categories: government and military, and commercial. It is examined regionally across the United States, Russia, Other European Countries, China, India, Japan, New Zealand, and the Rest of the World.
In terms of payload, the small satellites and cargo segment has the largest market share in 2021. The commercial uses of satellites in communication and Earth observation for accurate and relevant data collection provide greater growth potential in the satellite market.
The land platform has the biggest market share for space launch services, followed by the sea platform. During the projection period, however, enhanced R&D activities and innovations in sea launch for alternate launch methods via moveable launch platforms are expected to grow. In comparison to other platforms, the land platform is more cost-effective and technologically advanced.
The service type segment is divided into two parts: pre-launch and post-launch services. Pre-launch services have a substantial market share and will maintain this position during the forecast period.
The launch vehicle segment is further subdivided into small vehicles capable of lifting less than 300 tonnes and large vehicles capable of lifting more than 300 tonnes. Heavy launch vehicles have the largest market share and will continue to dominate the industry due to their use from the beginning and larger presence.
The end-user market is separated into two categories: government and military, and commercial. Because of rising investments in exploration activities, particularly in probe missions for military applications and manned spacecraft for future deep space exploration programmes, the government and military sectors dominate the market. As the commercialization of numerous satellites and cargo activities grows, the commercial segment is the fastest-increasing section. The segment's growth is being driven by increased communication and earth observation satellites for precise and relevant data collecting. In terms of launch service providers, the United States has the largest market share in the commercial segment, with European countries coming in second. This is due to the presence of the first launch vehicle family in Russia, as a result of the country's early development.
by Launch Platform
Land
Air
Sea
by Service Type
Pre-Launch
Post-Launch
by Launch Vehicle
Small
Heavy
by End-User
Government & Military
Commercial
by Payload
Satellite
Human Spaceflight
Cargo
Testing Probes
Stratollite
Need any customization research on Space Launch Services Market - Enquiry Now
REGIONAL ANALYSIS
North America surpassed the Space Launch Services Market in 2020 and is expected to remain the largest geographical market during the forecast period due to significant investments by space agencies and commercial enterprises in developing advanced satellites. Europe is expected to be the second-largest region in the market for Space Launch Services. This can be attributed to space exploration exercises in Russia, Germany, the United Kingdom, and France. Arianespace, Eurockot Launch Services, and ISC Kosmotras are among the key LSPs promoting business sector development in the region.
REGIONAL COVERAGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are China Aerospace Science And Technology Corporation, Safran Sa, Space Exploration Technologies Corp. (SpaceX), Starsem, Airbus S.A.S, Antrix Corporation Limited, Northrop Grumman Corporation, Rocket Lab USA, Lockheed Martin Corporation, Mitsubishi Heavy Industries & Other Players.
Antrix Corporation Limited-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 17.8 Billion |
| Market Size by 2030 | US$ 54.60 Billion |
| CAGR | CAGR of 15.04% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Launch Platform (Land, Air, and Sea) • By Service Type (Pre-Launch and Post-Launch) • By Launch Vehicle (Small [Less than 300 ton] and Heavy [Above 300 ton]) • By End-User (Government & Military and Commercial) • By Payload (Satellite, Human Spaceflight, Cargo, Testing Probes, and Stratollite) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | China Aerospace Science And Technology Corporation, Safran Sa, Space Exploration Technologies Corp. (Spacex), Starsem, Airbus S.A.S, Antrix Corporation Limited, Northrop Grumman Corporation, Rocket Lab USA, Lockheed Martin Corporation, Mitsubishi Heavy Industries. |
| DRIVERS | • Increased Small Satellite Deployment Fueling the Growth of Space Launch Services • Significant investments by venture firms are fueling an increase in space exploration missions. |
| RESTRAINTS | • Lack of Dedicated Small Satellite Launch Vehicles • A lack of procedures for disposing of orbital debris |
The market size of the Space Launch Services Market was valued at USD 20.10 billion in 2022.
Ans: The Space Launch Services Market is to grow at a CAGR of 15.04% over the forecast period 2023-2030.
The key players of the Space Launch Services Market are China Aerospace Science And Technology Corporation, Safran Sa, Space Exploration Technologies Corp. (Spacex), Starsem, Airbus S.A.S, Antrix Corporation Limited, Northrop Grumman Corporation, Rocket Lab USA, Lockheed Martin Corporation, Mitsubishi Heavy Industries.
Lack of dedicated small satellite launch vehicles and lack of procedures for disposing of orbital debris are the restraining factors of the Space Launch Services Market.
North America region dominated the Space Launch Services Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Space Launch Services Market, by Launch Platform
8.1 Land
8.2 Air
8.3 Sea
9.Space Launch Services Market, by Service Type
9.1 Pre-Launch
9.2 Post-Launch
10.Space Launch Services Market, by Launch Vehicle
10.1 Small
10.2 Heavy
11.Space Launch Services Market, by End-User
11.1 Government & Military
11.2 Commercial
12.Space Launch Services Market, by Payload
12.1 Satellite
12.2 Human Spaceflight
12.3 Cargo
12.4 Testing Probes
12.5 Stratollite
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14.Company Profiles
14.1 CHINA AEROSPACE SCIENCE AND TECHNOLOGY CORPORATION
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 SAFRAN SA
14.3 SPACE EXPLORATION TECHNOLOGIES CORP. (SpaceX)
14.4 STARSEM
14.5 AIRBUS S.A.S
14.6 ANTRIX CORPORATION LIMITED
14.7 NORTHROP GRUMMAN CORPORATION
14.8 ROCKET LAB USA
14.9 LOCKHEED MARTIN CORPORATION
14.10 MITSUBISHI HEAVY INDUSTRIES
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Tactical Optics Market Size was valued at USD 11.34 billion in 2022 and is expected to reach USD 18.77 Billion by 2030 with a growing CAGR of 6.5% over the forecast period 2023-2030.
The Military Embedded Systems Market Size was valued at USD 1.87 billion in 2022 and is expected to reach USD 3.63 billion by 2030 with a growing CAGR of 8.6% over the forecast period 2023-2030.
The Agriculture Drone Market size amounted to USD 4.36 Billion in 2022 & is estimated to reach USD 18.87 Billion by 2030 and increase at a compound annual growth rate (CAGR) of 20.1% between 2023 and 2030.
The Shoulder Fired Weapons Market Size was valued at a CAGR of 4.80% over the forecast period 2023-2030.
The Aviation Software Market Size is expected to reach USD 6.01 Bn by 2030 and grow at a CAGR of 9 % over the forecast period 2023-2030.
The Airport Robots Market Size was valued at USD 1.65 billion in 2022 and is expected to reach USD 2.49 billion by 2030 with a growing CAGR of 5.3% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
