Space Launch Services Market Report 2024 (Global Edition)

Global Space Launch Services Market Report 2024 Market Size Split by Service Type (Pre-Launch, Post-Launch), by Payoload (Satellite, Cargo, Human Spaceflight, Space Probe), by Launch Platform (Land, A...

Space Launch Services Market Report Description

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Space Launch Services Market Insights Video

Competitive Landscape of the Space Launch Services Market

The competitive landscape of the space launch services market is characterized by a wide spectrum of participants competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized space launch services companies, and emerging start-ups aiming to disrupt the market with creative techniques.

In July 2023, Land Space, a private Chinese company, developed and launched the world's first methane liquid oxygen rocket into orbit. The Suzaku-2 rocket took off from the Jiuquan satellite launch center in northwestern China at 9 am, completing its flight. (Source: https://www.aljazeera.com/news/2023/7/12/china-launches-worlds-first-methane-fuelled-space-rocket)

Top Companies Market Share in Space Launch Services Industry: (In no particular order of Rank)

• SpaceX
• Blue Origin
• Virgin Galactic
• Rocket Lab
• United Launch Alliance
• Arianespace
• China Aerospace Science and Technology Corporation
• Mitsubishi Heavy Industries
• Eurockot Launch Services
• Northrop Grumman
• ExPace
• Firefly Aerospace
• Relativity Space
• Orbital ATK
• International Launch Services
• Antrix Corporation
• Vector Launch
• Spaceflight Industries
• ISRO
• NASA
• Virgin Orbit
• Boeing
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Space Launch Services Market

Which Region Dominates the Space Launch Services Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to the region’s increasing government and private investments, advancements in reusable launch technologies, and the growing demand for satellite-based services such as communication, Earth observation, and navigation. The rise of commercial space ventures and the push for space exploration further bolster market growth.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the space launch services market due to the region's increasing government investments in space exploration, advancements in satellite technology, and growing commercial interest in satellite launches. The region's strategic location, coupled with expanding private sector involvement and favorable regulatory frameworks, boosts market growth and attracts international space missions.

 

The current report Scope analyzes Space Launch Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Space Launch Services

According to Cognitive Market Research, the global space launch services market size was estimated at USD 17594.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 7037.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the space launch services market with a market size of USD 5552.73 million in 2024 and is projected to grow at a CAGR of 14.0% during the forecast period. The nation's increased environmental awareness.
• The Canadian space launch services market had a market share of USD 844.52 million in 2024 and is projected to grow at a CAGR of 15.0% during the forecast period. Canada's product development and process innovation.
• The Mexico space launch services market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 640.43 million in 2024.

Europe Space Launch Services

According to Cognitive Market Research, the global space launch services market size was estimated at USD 17594.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 14.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.5% from 2024 to 2031.

• The United Kingdom's space launch services market had a market share of USD 886.75 million in 2024 and is projected to grow at a CAGR of 15.3% during the forecast period. In the UK, space launch services sales witness an upswing due to the nation's modernization in production techniques.
• The France space launch services market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 485.60 million in 2024.
• According to Cognitive Market Research, the German space launch services market size was valued at USD 1045.10 million in 2024 and is projected to grow at a CAGR of 14.7% during the forecast period. In Germany, space launch services sales surged due to the expansion of the e-commerce sector.
• The Italy space launch services market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 453.93 million in 2024.
• The Russian space launch services market is projected to witness growth at a CAGR of 13.5% during the forecast period, with a market size of USD 818.13 million in 2024.
• The Spain space launch services market is projected to witness growth at a CAGR of 13.6% during the forecast period with a market size of USD 432.82 million in 2024
• The Luxembourg space launch services market is projected to witness growth at a CAGR of 14.6% during the forecast period, with a market size of USD 163.63 million in 2024.
• The Portugal space launch services market is projected to witness growth at a CAGR of 14.3% during the forecast period, with a market size of USD 110.84 million in 2024.
• The Greece space launch services market is projected to witness growth at a CAGR of 14.8% during the forecast period, with a market size of USD 63.34 million in 2024.
• Rest of Europe's space launch services market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD 818.13 million in 2024.

Asia Pacific Space Launch Services

According to Cognitive Market Research, the global space launch services market size was estimated at USD 17594.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 4046.67 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.0% from 2024 to 2031.

• According to Cognitive Market Research, the China space launch services market size was valued at USD 1821.00 million in 2024 and is projected to grow at a CAGR of 17.5% during the forecast period. Space launch services sales surged in China due to escalating demand for satellite deployment.
• The Japan space launch services market is projected to witness growth at a CAGR of 16.5% during the forecast period, with a market size of USD 558.44 million in 2024.
• The India space launch services market had a market share of USD 485.60 million in 2024 and is projected to grow at a CAGR of 19.8% during the forecast period. India's government initiatives augment the demand.
• The South Korean space launch services market is projected to witness growth at a CAGR of 17.1% during the forecast period, with a market size of USD 404.67 million in 2024.
• The Australian space launch services market is projected to witness growth at a CAGR of 17.7% during the forecast period, with a market size of USD 210.43 million in 2024.
• The South East Asia space launch services market is projected to witness growth at a CAGR of 19.0% during the forecast period, with a market size of USD 279.22 million in 2024.
• The Rest of the Asia Pacific space launch services market is projected to witness growth at a CAGR of 17.8% during the forecast period, with a market size of USD 287.31 million in 2024.

South America Space Launch Services

According to Cognitive Market Research, the global space launch services market size was estimated at USD 17594.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 879.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.4%% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil space launch services market size was valued at USD 376.52 million in 2024 and is projected to grow at a CAGR of 16.0% during the forecast period. Space launch services sales flourish in Brazil due to the rising advancement in technology.
• Argentina's space launch services market had a market share of USD 147.79 million in 2024 and is projected to grow at a CAGR of 16.3% during the forecast period. The demand is augmented by Argentina's stringent environmental regulations.
• Colombia's space launch services market is projected to witness growth at a CAGR of 15.2% during the forecast period, with a market size of USD 78.29 million in 2024.
• Peru space launch services market is projected to witness growth at a CAGR of 15.6% during the forecast period, with a market size of USD 72.14 million in 2024.
• Chile space launch services market is projected to witness growth at a CAGR of 15.7% during the forecast period, with a market size of USD 63.34 million in 2024.
• The Rest of Latin America's space launch services market is projected to witness growth at a CAGR of 14.5% during the forecast period, with a market size of USD 141.63 million in 2024.

Middle East and Africa Space Launch Services

According to Cognitive Market Research, the global space launch services market size was estimated at USD 17594.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 351.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.7% from 2024 to 2031.

• The GCC Countries' space launch services market is projected to witness growth at a CAGR of 16.5% during the forecast period, with a market size of USD 150.61 million in 2024. Space launch services sales flourish due to the presence of major market players.
• Egypt space launch services market is projected to witness growth at a CAGR of 16.0% during the forecast period with a market size of USD 36.95 million in 2024.
• The South African space launch services market is projected to witness growth at a CAGR of 16.7% during the forecast period, with a market size of USD 55.60 million in 2024. Space launch services sales flourished in South Africa due to the rise in demand from emerging economies.
• The Turkey space launch services market is projected to witness growth at a CAGR of 15.2% during the forecast period, with a market size of USD 30.26 million in 2024.
• The Nigeria space launch services market is projected to witness growth at a CAGR of 14.8% during the forecast period, with a market size of USD 36.95 million in 2024.
• The Rest of MEA space launch services market is projected to witness growth at a CAGR of 14.7% during the forecast period with a market size of USD 41.52 million in 2024.

Space Launch Services Market Analysis

Space Launch Services Market Service Type Segment Analysis

According to Cognitive Market Research, pre-launch is the dominating category due to growing investments in space exploration. Pre-launch activities, including satellite integration, vehicle testing, and mission planning, are crucial for ensuring mission success. The market's expansion is fueled by both governmental and private sector space missions.

Post-launch emerged as the fastest-growing category over the projected period as these services deliver the flexibility to tailor missions to specific needs, allowing operators to optimize satellite performance and functionality.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Space Launch Services Industry. Request a Free Sample PDF!

According to Cognitive Market Research, the dominating category in satellite is due to the increasing demand for satellite deployment across various sectors, including telecommunications, Earth observation, and scientific research. The advancements in rocket technology, cost reductions from reusable launch systems, and the expanding commercial space industry.

The fastest-growing category in the space launch services market is space probe over the projected period due to the substantial improvement in miniaturization and sensor capabilities. These improvements have paved the way for the invention of increasingly compact yet highly skilled space probes. This ongoing trend permits the integration of more cultivated scientific instruments and sensors into smaller payloads, unlocking greater scientific possibilities for space probes.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Space Launch Services Launch Platform Segment Analysis

According to Cognitive Market Research, the dominating category is land due to the growing need for reliable satellite communications, Earth observation, and space exploration. Land-based infrastructure, such as launch sites and ground support equipment, supports these services, facilitating efficient and successful launches.

The fastest-growing category in the space launch services market is sea over the projected period as these platforms offer various advantages, such as the ability to introduce rockets from anywhere in the ocean, which can deliver more flexibility in launch scheduling and better utilization of resources.

• Land
• Air
• Sea

Space Launch Services Launch Type Segment Analysis

According to Cognitive Market Research, the dominating category is single-use due to the rise in satellite deployment, advancements in reusable rocket technology, and the need for affordable space access. Single-use rockets provide a cost-effective solution for launching payloads and fueling market expansion.

The fastest-growing category in the space launch services market is re-usable over the projected period due to the increasing demand for satellite deployment. Reusable rockets lower operational expenses, enhance launch frequency and attract investment in space exploration. Technological advancements and government support further boost market growth, promoting sustainability and reducing barriers to space access.

• Re-Usable
• Single-Use

Space Launch Services Launch Vehicle Segment Analysis

According to Cognitive Market Research, the dominating category is small launch vehicles due to the increasing demand for small launch vehicles. These vehicles offer cost-effective solutions for deploying small satellites into orbit, catering to the growing commercial satellite industry and government space programs. The rise in satellite constellations and advancements in launch technology further fuel the market's growth.

The fastest-growing category in the space launch services market is medium to heavy launch vehicles over the projected period due to the increasing satellite deployment, advancements in space technology, and government and private sector investments. The demand for high-capacity launches to deploy large satellites and interplanetary missions fuels market growth.

• Small Launch Vehicle
• Medium to Heavy Launch Vehicle

Space Launch Services End-Use Segment Analysis

According to Cognitive Market Research, the dominating category is commercial due to advancements in reusable rocket technology, cost reduction in launch services, and growing demand for satellite internet and Earth observation. Innovations in space infrastructure and private sector investment are also boosting market growth.

The fastest-growing category in the space launch services market is military over the projected period due to the growing need for satellite deployment, communication networks, and commercial ventures. While commercial applications dominate the space launch services market, military End-use plays a major role in shaping its trajectory.

• Government
• Military
• Commercial

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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