Space Launch Services Market Report and Forecast 2025-2034

The global space launch services market stood at a value of around USD 19.32 Billion in 2024. The market is further expected to grow at a CAGR of 15.30% in the forecast period of 2025-2034 to attain a value of USD 80.22 Billion by 2034.

Increasing Demand for Satellite Launching to Bolster the Growth of the Global Space Launch Services Industry

Based on payload, the satellite segment is predicted to hold a significant market share in the space launch services industry. This growth can be attributed to the increased capital expenditure on satellite launching to enable radio wave communication and GPS navigating facilities. Meanwhile, the demand for human spacecraft for space exploration is also witnessing an increased demand, which is projected to aid the market growth in the coming years. These factors are expected to contribute to the overall market growth in the forecast period.

North America to Occupy a Significant Market Share in the Global Space Launch Services Industry

North America is estimated to hold a significant share of the space launch services industry in the forecast period. This growth can be attributed to the presence of the leading market players in the region, who are making significant investments in terms of assembly and launching process. In addition, the steadily increasing efforts to further the development of human spacecraft and space probes are also predicted to propel the market growth. For instance, NASA approved SpaceX crew mission for launch on the 31st of October. Such developments are predicted to propel the market growth in the forecast period.

Space Launch Services: Market Segmentation

Space launch services are provided by companies that specialise in launching spacecrafts. These companies construct, assemble, and launch spacecraft that serve different purposes. Mostly, spacecraft are deployed for space exploration and satellite launching purposes by the military and government agencies. However, recently the trends of space tourism are also inviting further interest in space launch services.

By payload, the market is divided into:

• Satellite
• Human Spacecraft
• Cargo
• Testing Probes
• Stratollite

Market Breakup by Launch Platform

• Land
• Air
• Sea

Market Breakup by Service Type

• Pre-Launch
• Post-Launch

Market Breakup by Launch Vehicle

• Small Launch Vehicle
• Heavy Launch Vehicle

Market Breakup by End User

• Government and Military
• Commercial

Market Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Rising Government Investments in Space Exploration to Drive the Growth of the Global Space Launch Services Industry

The rising capital expenditures by the government to support space programmes across the countries are anticipated to propel the market growth in the forecast period. This can be attributed to the development of digital satellite connectivity infrastructure and the growing military activities. In addition, the rising interest in space exploration among the private enterprises is also anticipated to bolster the market growth in the coming years. Moreover, the increasing trend of space tourism is also predicted to augment the industry growth. For instance, in September 2021, SpaceX successfully came back into the earth’s orbit, completing a 3-day mission with no professional astronauts on board. These factors are estimated to positively impact the market growth in the forecast period.

Key Industry Players in the Global Space Launch Services Market

The report gives a detailed analysis of the following key players in the global space launch services market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Airbus SE
• Antrix Corporation Limited
• Space Exploration Technologies Corp.(SpaceX)
• Lockheed Martin Corporation
• The Boeing Company
• Others

The comprehensive report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.