Sep 15, 2022   SOURCE: BusinessWire

Global Space Launch Services Market Report (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com

The "Space Launch Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global space launch services market size reached US$ 11.32 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 26.62 Billion by 2027, exhibiting a CAGR of 15.32% during 2021-2027.

Companies Mentioned

  • Airbus SE
  • Antrix Corporation Limited
  • Arianespace SA
  • China Great Wall Industry Corporation (China Aerospace Science and Technology Corporation)
  • Mitsubishi Heavy Industries Ltd.
  • Northrop Grumman Corporation
  • S7 Airlines
  • Safran S.A.
  • Space Exploration Technologies Corp.
  • The Boeing Company

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Space launch, or lift-off, refers to the earliest part of the operations, wherein the rocket or other vehicles, including airborne aircraft and floating ship, are vertically released from the ground. This process involves a series of activities, such as ordering, conversing, stacking, assembling, and integrating payload for launching spacecraft, which in turn, assist in decreasing the set-in motion cost and promoting a smooth launch.

On account of these properties, space launch services are extensively deployed by the government, space organizations, and military agencies for performing galaxy explorations. At present, these services are categorized into pre-launch and post-launch.

The widespread adoption of space launch services across commercial, government and military and defense sectors on account of the increasing number of aircraft and satellite testing during launches is one of the prime factors currently driving the market growth.

In line with this, significant technological advancements, such as the introduction of miniaturization in electronic systems for improving small satellites capabilities by reducing the size of various integrated electronics and hardware is acting as another growth-inducing factor.

This is further supported by the implementation of the commercial-off-the-shelf (COTS) approach, which is employed by space companies in the miniaturization methodology for collecting distributed data and experimentation purposes. Moreover, the shifting inclination of space launch service providers toward smaller satellites over traditional satellites for enabling their development in a shorter time frame at lower launch costs is propelling the market growth.

Additionally, the rising demand for low earth orbit (LEO)-based services, such as imagery-based intelligence and space-based communication, is also contributing to the market growth. Apart from this, the extensive investments in research and development (R&D) activities for designing, maintaining, and operating commercial payload facilities is creating a positive outlook for the market.

Key Questions Answered in This Report:

  • How has the global space launch services market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global space launch services market?
  • What are the key regional markets?
  • What is the breakup of the market based on the payload?
  • What is the breakup of the market based on the launch platform?
  • What is the breakup of the market based on the service type?
  • What is the breakup of the market based on the orbit?
  • What is the breakup of the market based on the launch vehicle?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global space launch services market and who are the key players?
  • What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Space Launch Services Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Payload

7 Market Breakup by Launch Platform

8 Market Breakup by Service Type

9 Market Breakup by Orbit

10 Market Breakup by Launch Vehicle

11 Market Breakup by End User

12 Market Breakup by Region

13 SWOT Analysis

14 Value Chain Analysis

15 Porters Five Forces Analysis

16 Price Analysis

17 Competitive Landscape

17.1 Market Structure

17.2 Key Players

17.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/98wx0m