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Space Launch Services Market by Payload, Launch Platform, Service Type, Launch Vehicle and End-User: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5118807
  • Report
  • April 2020
  • Region: Global
  • 256 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Astrobotic.
  • BLUE ORIGIN
  • Firefly Aerospace
  • Maxar Technologies Inc.
  • Swedish Space Corporation
  • Vector Launch Inc.
  • MORE
The global space launch services market was valued at $9.88 billion in 2019 and is projected to reach $32.41 billion by 2027, growing at a CAGR of 15.7%from 2020 to 2027.

The space launch services market is associated with the activities carried out by space launch service providers. It consists of a series of events such as ordering, conversion, construction, stacking and assembly, integration of payload, and launch. The entry of private launch service providers resulted into decrease in the launch cost and new technologies marking a new phase in the market.

The increase in number of satellite and testing probe launches actas drivers for market growth.In addition, the increased government investments and private funds also impact the space launch services market growth significantly.However, high initial costs associated with the launch services acts as a market restraint. Also, the interoperability issues faced by companies discourage the space launch services market growth. The lack of skilled workforce and resistance to adaptability towardnew technologies is one more factor that hampers the space launch services market growth.Meanwhile, efforts to reduce cost of launch services offers a lucrative opportunity for the market players.

The market is segmented on the basis of payload, launch platform, service type, launch vehicle, end-user, and region. By payload, it is divided into satellite [(further segmented into small (less than 1,000 kg) and large satellite (above 1,000 kg)], human spacecraft, cargo, testing probes, and stratollite. By launch platform, it is categorized into land, air, and sea. By service type, it is bifurcated into pre-launch and post launch services. On the basis of launch vehicle, it is classified into small (less than 300 tons) and heavy (more than 300 tons). The end-user segment is divided into government & military and commercial sectors. Region-wise, space launch services market analysis is done across the U.S. Russia, Other European Countries, China, India, Japan, New Zealand, and rest of the World.

KEY BENEFITS FOR STAKEHOLDERS
  • The report provides an extensive qualitative and quantitative analysis of the current trends and space launch services market forecast from 2019 to 2027 to determine the prevailing opportunities
  • A comprehensive analysis of the factors that drive and restrict the space launch services market growth is provided in the study.
  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the industry for building strategies.
  • Profiles of leading players operating in the market are provided to understand the competitive scenario.
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable space launch services industry growth and space launch services market trends.
KEY MARKET SEGMENTS

By Payload
  • Satellite
  • Human Spacecraft
  • Cargo
  • Testing Probes
  • Strotallite
By Launch Platform
  • Land
  • Air
  • Sea
By Service Type
  • Pre-Launch
  • Post Launch
By Launch Vehicle
  • Small (Less Than 300tons)
  • Heavy (Above 300 tons)
By End-User
  • Government & Military
  • Commercial
By Country
  • U.S.
  • Russia
  • Other European Countries
  • China
  • India
  • Japan
  • New Zealand
  • Rest of the World
KEY MARKET PLAYERS
  • Antrix Corporation Ltd.,
  • Mitsubishi Heavy Industries
  • Space Exploration Technologies Corp (SPACEX)
  • AIRBUS S.A.S (Arianespace)
  • Safran (Arianespace)
  • The Boeing Company (United Launch Alliance)
  • Lockheed Martin Corp. (United Launch Alliance)
  • State Space Corporation ROSCOSMOS
  • Rocket Lab USA
  • S7 Space (Sea Launch)
  • Starsem
  • China Aerospace Science and Technology Corporation
  • Northrop Grumman Corp.
Other players in the value chain of the market include Astrobotic., Firefly Aerospace, Swedish Space Corporation, Maxar Technologies Inc., Vector Launch, Inc., Virgin Galactic, BLUE ORIGIN, and others.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Astrobotic.
  • BLUE ORIGIN
  • Firefly Aerospace
  • Maxar Technologies Inc.
  • Swedish Space Corporation
  • Vector Launch Inc.
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

Chapter 2: Executive Summary
2.1. Key Findings of the Study
2.2. Cxo Perspective

Chapter 3: Market Landscape
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.4. Market Share Analysis/Top Player Positioning, 2019
3.4.1. Top Player Positioning, 2019
3.4.2. Market Share Analysis, 2019 (%)
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Increase in Government Investment in Space Exploration Activities
3.5.1.2. Increase in Demand for Commercial Non-Geostationary Satellite Orbit (Ngso) Space Launches
3.5.1.3. Increase in Satellite Launches Across the Globe
3.5.2. Restraints
3.5.2.1. High Initial Investment Associated With Space Launch Services
3.5.2.2. Interoperability Issues
3.5.3. Opportunities
3.5.3.1. Focus on Price Reduction for Space Launch Services Through Product Innovation
3.5.3.2. Space Tourism

Chapter 4: Space Launch Services Market, by Payload
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Satellite
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Country
4.2.2.1. Market Size and Forecast, by Satellite
4.2.2.2. Small Satellite (Less Than 1000 Kg)
4.2.2.3. Large Satellite (Above 1000 Kg)
4.3. Human Spacecraft
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Country
4.4. Cargo
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Country
4.5. Testing Probes
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, by Country
4.6. Stratollite
4.6.1. Key Market Trends, Growth Factors, and Opportunities
4.6.2. Market Size and Forecast, by Country

Chapter 5: Space Launch Services Market,By Launch Platform
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Land
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Country
5.3. Air
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Country
5.4. Sea
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Country

Chapter 6: Space Launch Services Market, by Service Type
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Pre-Launch
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Country
6.3. Post-Launch
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Country

Chapter 7: Space Launch Services Market, by Launch Vehicle
7.1. Overview
7.1.1. Market Size and Forecast
7.2. Small Launch Vehicle
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Country
7.3. Heavy Launch Vehicle
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Country

Chapter 8: Space Launch Services Market, by End-User
8.1. Overview
8.1.1. Market Size and Forecast
8.2. Government & Military
8.2.1. Key Market Trends, Growth Factors, and Opportunities
8.2.2. Market Size and Forecast, by Country
8.3. Commercial
8.3.1. Key Market Trends, Growth Factors, and Opportunities
8.3.2. Market Size and Forecast, by Country

Chapter 9: Space Launch Services Market, by Country
9.1. Overview
9.1.1. Market Size and Forecast
9.2. U. S.
9.2.1. Key Market Trends, Growth Factors, and Opportunities
9.2.2. Market Size and Forecast, by Payload
9.2.3. Market Size and Forecast, Bylaunch Platform
9.2.4. Market Size and Forecast, by Service Type
9.2.5. Market Size and Forecast, by Launch Vehicle
9.2.6. Market Size and Forecast, by End-User
9.3. Russia
9.3.1. Key Market Trends, Growth Factors, and Opportunities
9.3.2. Market Size and Forecast, by Payload
9.3.3. Market Size and Forecast, by Launch Platform
9.3.4. Market Size and Forecast, by Service Type
9.3.5. Market Size and Forecast, by Launch Vehicle
9.3.6. Market Size and Forecast, by End-User
9.4. Other European Countries
9.4.1. Key Market Trends, Growth Factors, and Opportunities
9.4.2. Market Size and Forecast, by Payload
9.4.3. Market Size and Forecast, by Launch Platform
9.4.4. Market Size and Forecast, by Service Type
9.4.5. Market Size and Forecast, by Launch Vehicle
9.4.6. Market Size and Forecast, by End-User
9.5. China
9.5.1. Key Market Trends, Growth Factors, and Opportunities
9.5.2. Market Size and Forecast, by Payload
9.5.3. Market Size and Forecast, by Launch Platform
9.5.4. Market Size and Forecast, by Service Type
9.5.5. Market Size and Forecast, by Launch Vehicle
9.5.6. Market Size and Forecast, by End-User
9.6. India
9.6.1. Key Market Trends, Growth Factors, and Opportunities
9.6.2. Market Size and Forecast, by Payload
9.6.3. Market Size and Forecast, by Launch Platform
9.6.4. Market Size and Forecast, by Service Type
9.6.5. Market Size and Forecast, by Launch Vehicle
9.6.6. Market Size and Forecast, by End-User
9.7. Japan
9.7.1. Key Market Trends, Growth Factors, and Opportunities
9.7.2. Market Size and Forecast, by Payload
9.7.3. Market Size and Forecast, by Launch Platform
9.7.4. Market Size and Forecast, by Service Type
9.7.5. Market Size and Forecast, by Launch Vehicle
9.7.6. Market Size and Forecast, by End-User
9.8. New Zealand
9.8.1. Key Market Trends, Growth Factors, and Opportunities
9.8.2. Market Size and Forecast, by Payload
9.8.3. Market Size and Forecast, by Launch Platform
9.8.4. Market Size and Forecast, by Service Type
9.8.5. Market Size and Forecast, by Launch Vehicle
9.8.6. Market Size and Forecast, by End-User
9.9. Rest of the World
9.9.1. Key Market Trends, Growth Factors, and Opportunities
9.9.2. Market Size and Forecast, by Payload
9.9.3. Market Size and Forecast, by Launch Platform
9.9.4. Market Size and Forecast, by Service Type
9.9.5. Market Size and Forecast, by Launch Vehicle
9.9.6. Market Size and Forecast, by End-User

Chapter 10: Company Profiles:
10.1. Airbus S. A. S
10.1.1. Company Overview
10.1.2. Company Snapshot
10.1.3. Operating Business Segments
10.1.4. Launch Vehicle Specifications
10.1.5. R&D Expenditure
10.1.6. Business Performance
10.1.7. Key Strategic Moves and Developments
10.2. Antrix Corporation Limited
10.2.1. Company Overview
10.2.2. Company Snapshot
10.2.3. Launch Vehicle Specifications
10.2.4. Business Performance
10.2.5. Key Strategic Moves and Developments
10.3. China Aerospace Science and Technology Corporation
10.3.1. Company Overview
10.3.2. Company Snapshot
10.3.3. Launch Vehicle Specifications
10.3.4. Key Strategic Moves and Developments
10.4. Lockheed Martin Corporation
10.4.1. Company Overview
10.4.2. Company Snapshot
10.4.3. Operating Business Segments
10.4.4. Launch Vehicle Specifications
10.4.5. R&D Expenditure
10.4.6. Business Performance
10.4.7. Key Strategic Moves and Developments
10.5. Mitsubishi Heavy Industries (Mhi)
10.5.1. Company Overview
10.5.2. Company Snapshot
10.5.3. Operating Business Segments
10.5.4. Launch Vehicle Specifications
10.5.5. Business Performance
10.5.6. Key Strategic Moves and Developments
10.6. Northrop Grumman Corporation
10.6.1. Company Overview
10.6.2. Company Snapshot
10.6.3. Operating Business Segments
10.6.4. Launch Vehicle Specifications
10.6.5. R&D Expenditure
10.6.6. Business Performance
10.6.7. Key Strategic Moves and Developments
10.7. Rocket Lab Usa
10.7.1. Company Overview
10.7.2. Company Snapshot
10.7.3. Launch Vehicle Specifications
10.7.4. Key Strategic Moves and Developments
10.8. Safran Sa
10.8.1. Company Overview
10.8.2. Company Snapshot
10.8.3. Operating Business Segments
10.8.4. Launch Vehicle Specifications
10.8.5. Business Performance
10.9. Space Exploration Technologies Corp. (Spacex)
10.9.1. Company Overview
10.9.2. Company Snapshot
10.9.3. Launch Vehicle Specifications
10.10. Starsem
10.10.1. Company Overview
10.10.2. Company Snapshot
10.10.3. Launch Vehicle Specifications
10.11. State Space Corporation Roscosmos
10.11.1. Company Overview
10.11.2. Company Snapshot
10.11.3. Launch Vehicle Specifications
10.11.4. Key Strategic Moves and Developments
10.12. S7 Space
10.12.1. Company Overview
10.12.2. Company Snapshot
10.12.3. Launch Vehicle Specifications
10.12.4. Key Strategic Moves and Developments
10.13. The Boeing Corporation
10.13.1. Company Overview
10.13.2. Company Snapshot
10.13.3. Operating Business Segments
10.13.4. Boeing Vehicle Specifications
10.13.5. R&D Expenditure
10.13.6. Business Performance
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Astrobotic.
  • BLUE ORIGIN
  • Firefly Aerospace
  • Maxar Technologies Inc.
  • Swedish Space Corporation
  • Vector Launch Inc.
  • MORE
According to the report titled, 'Space Launch Services Market by Payload, Launch Platform, Service Type, Launch Vehicle, and End-User: Global Opportunity Analysis and Industry Forecast, 2020-2027', the market accounted for a revenue of $9.88 billion in 2019 and is anticipated to generate $32.41 billion by 2027. The market is projected to experience growth at a CAGR of 15.7% from 2020 to 2027.

The market is associated with the activities carried out by space launch service providers. It consists of a series of events such as ordering, conversion, construction, stacking and assembly, integration of payload, and launch.

The increase in number of satellite and testing probe launches act as drivers for the market growth. In addition, the increased government investments and private funds also impact the space launch services market growth significantly. However, high initial costs associated with the launch services acts as a market restraint. Also, the interoperability issues faced by companies discourage the space launch services market growth. The lack of skilled workforce and resistance to adaptability toward new technologies is one more factor that hampers the space launch services market growth. Meanwhile, efforts to reduce cost of launch services offers a lucrative opportunity for the market players.

The space launch services industry is segmented on the basis of payload, launch platform, service type, launch vehicle, end-user, and region. By payload, it is divided into satellite [(further segmented into small (less than 1,000 kg) and large satellite (above 1,000 kg)], human spacecraft, cargo, testing probes, and strotallite. By launch platform, it is categorized into land, air, and sea. By service type, it is bifurcated into pre-launch and post launch services. On the basis of launch vehicle, it is classified into small (less than 300 tons) and heavy (more than 300 tons). The end-user segment is divided into government & military and commercial sectors. Region-wise, it is analyzed across U.S., Russia, Other European Countries, China, India, Japan, New Zealand and Rest of the World.

Based on payload, the small satellites and cargo segment has garnered the highest market share in 2019. Growth opportunities in the satellites segment are higher owing to the commercial uses in communication and Earth observation for accurate and relevant data collection.

By launch platform, the highest space launch services market share was garnered by land platform followed by sea platform. However, increased R&D activities and developments in sea launch for alternate launch methods through movable launch platforms is expected to grow during the forecast period. The land platform is cost-effective and technologically upgraded compared to other platforms.

The service type segment is bifurcated into pre-launch and post-launch services. Pre-launch services hold a large market share and will continue the dominance during the forecast period.

The launch vehicle segment is further divided into small vehicles that can lift less than 300 tons and large vehicles that can lift above 300 tons. Heavy launch vehicle holds the larger market share and will continue to dominate the market owing to its use from early stages and larger presence.

The end-user segment is divided into government & military and commercial. The government & military sector dominates the market, owing to increased investments in exploration activities, especially in probe missions for military applications and human spacecrafts for future deep space exploration programs. The commercial segment is fastest growing segment as the commercialization of various satellites and cargo activities continues. The increased communication and earth observation satellites for accurate & relevant data collection drive the segment growth. U.S. holds the highest market share in the commercial segmentand European countries have the second-highest market share, in terms of launch service providers. This is attributed to the presence of earliest launch vehicle family in Russia, owing to early developments in the country.

Country-wise, the U.S. is expected to experience high growth, attributed to focus of large presence of manufacturers on business expansion. In-addition, Russia is developing new technology-based launch vehicles and increasing presence of private market players. Moreover, owing to rise in government spending on satellites and space exploration activities to strengthen military, Earth observation, and education industry, the space launch services market in China and India are expected to witness rapid growth.

The space launch services market analysis covers in-depth information of major industry participants. Some of the major players in the market includeAntrix Corporation Ltd., Mitsubishi Heavy Industries, Space Exploration Technologies Corp (SPACEX), AIRBUS S.A.S (Arianespace), Safran (Arianespace), The Boeing Company (United Launch Alliance), Lockheed Martin Corp. (United Launch Alliance), State Space Corporation ROSCOSMOS, ISC Kosmotras, S7 Space (Sea Launch), Starsem, China Aerospace Science and Technology Corporation, and Northrop Grumman Corp.

Other players in the value chain of the space launch services market include Astrobotic., Firefly Aerospace, Swedish Space Corporation, Maxar Technologies Inc., Vector Launch, Inc., Virgin Galactic, BLUE ORIGIN, and others.

Key Findings Of The Study:

The space launch services market is analyzed from 2019 to 2027.

U.S.is projected to grow at the highest CAGR of approximately 17.2%, in terms of revenue, during the forecast period.

By end-user, the commercial segment is anticipated to growth a CAGR of 16.7%, in terms of revenue, during the space launch services market forecast period.

The U.S. and China dominated the market with a revenue share of over 39.8% and 21.3% in 2019.

A comprehensive analysis of the factors that drive and restrain the space launch services market growth is provided.

The qualitative data in this report aims at the market dynamics, trends, and developments in the industry.

The space launch services market size is provided in terms of launch services revenue.
Note: Product cover images may vary from those shown
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  • Astrobotic.
  • Firefly Aerospace
  • Swedish Space Corporation
  • Maxar Technologies Inc.
  • Vector Launch Inc.
  • Virgin Galactic
  • BLUE ORIGIN
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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