Space Launch Services Market Insights Video

According to Cognitive Market Research, the global space launch services market size is USD 17594.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 16.0% from 2024 to 2031.

• 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.
• Europe accounted for a share of over 30% of the global market size of USD 5278.26 million.
• 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.
• 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.
• 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 pre-launch held the highest space launch services market revenue share in 2024.