Space Launch Services Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2030

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of South Africa Commercial Vehicle Industry (2025-2030):

According to the latest report, the Space Launch Services Market size was valued at around USD 15.2 billion in 2024 and is projected to reach USD 35 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 14% during the forecast period, i.e., 2025-30. The report demonstrates the prominent factors propelling the exponential growth of the Space Launch Services Market.

Key Takeaways: Beneficial for Stakeholders and Clients

·        Historic Period: 2020-2023

·        Base year: 2024

·        Forecast Years: 2025-2030

·         Market Value in 2024: USD 15.2 Billion

·        Market Value in 2030: USD 35 Billion

·        CAGR (2025-30): 14%

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What are the major Driver the Space Launch Services industry?

Increasing Demand for Payload Launches – The demand from various government and private organizations to launch their payloads into space is increasing to enhance their services and operations such as; weather forecasting, navigation, communication, etc. These payloads include satellites, human space crafts, cargo, etc., that are equipped on rockets and transported to their desired orbits in space. As a result, the demand for space launch service providers increases as some organizations do not have launch vehicles while some want to ensure safe & fast transport. For instance,

·        In 2024, SpaceX got a contract worth around USD733.5 million from the US military to launch their 9 satellites in LEO to enhance their communication and intelligence capabilities.

Additionally, space launch providers such as ESA, JAXA, Roscosmos, Northrop Grumman, and SpaceX, have launched their space rockets to resupply the International Space Station and these resupplies will be needed in the future as well. Therefore, due to the increasing number of payload launches, the need for launching services also increases, and this trend is expected to continue in the forthcoming period as well.

Space Launch Services Market Segmentation

The Spaces Launch Services After Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.The further bifurcations are as follows:

•   By Orbit
• Lower Earth Orbit- Market Size & Forecast 2020-2030, USD Million
• Medium Earth Orbit- Market Size & Forecast 2020-2030, USD Million
• Geostationary Orbit- Market Size & Forecast 2020-2030, USD Million
• Beyond Earth Orbit- Market Size & Forecast 2020-2030, USD Million
• By Payload
• Satellite - Market Size & Forecast 2020-2030, USD Million
• Cargo- Market Size & Forecast 2020-2030, USD Million
• Human Spacecraft- Market Size & Forecast 2020-2030, USD Million
• Scientific Instruments- Market Size & Forecast 2020-2030, USD Million
• By Launching Vehicle
• Small Lift Launch Vehicle- Market Size & Forecast 2020-2030, USD Million
• Medium Lift Launch Vehicle- Market Size & Forecast 2020-2030, USD Million
• Heavy Lift Launch Vehicle- Market Size & Forecast 2020-2030, USD Million
• By End-User
• Commercial- Market Size & Forecast 2020-2030, USD Million
• Government & Military- Market Size & Forecast 2020-2030, USD Million
• By Region
• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

As per the regional aspect, the Space Launch Services Market is expected to be dominated by North America by capturing the potential market share. 

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Top Companies in the Space Launch Services

Northrop Grumman, SpaceX, Rocket Lab, United Launch Alliance, Blue Origin, Antrix Corporation Limited, Arianespace, Skyroot Aerospace, Relativity Space, Galactic Energy, International Launch Services, NewSpace India Limited, Mitsubishi Heavy Industries, PLD Space, Firefly Aerospace, and others

Global Space Launch Services Industry Recent Development:

• 2024: Rocket Lab established a facility in Virginia for the production and launch operations of Neutron, the most ambitious rocket of Rocket Lab to date that can also be reused. The company aims to explore deep space through its Venus Life Finder Mission.

 

• 2024: United Launch Alliance (ULA) expanded its Decatur rocket facility. They aimed to nearly double their launch rate and also meet the growing demand for launch service required by the US Space Force and their commercial customer Amazon, which has awarded them with about 38 launch projects.

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