HOME Top Market Reports Space Launch Services Market by Service Type (Pre-Launch, Post-Launch), Payload (Satellite, Human Spacecraft, Cargo, Testing Probes, Stratollite), End User, Orbit, Launch Vehicle Size, Launch Platform, and Region - Global Forecast to 2025

Space Launch Services Market by Service Type (Pre-Launch, Post-Launch), Payload (Satellite, Human Spacecraft, Cargo, Testing Probes, Stratollite), End User, Orbit, Launch Vehicle Size, Launch Platform, and Region - Global Forecast to 2025

By: marketsandmarkets.com
Publishing Date: December 2017
Report Code: AS 5800

 

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The space launch services market was valued at USD 8.67 Billion in 2016 and is projected to reach USD 27.18 Billion by 2025, at a CAGR of 15.01% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2025.

Objectives of the Study:

The objective of this study is to define, describe, segment, and forecast the space launch services market, and map the segments as well as subsegments across major regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW). Based on service type, the market has been segmented into pre-launch and post-launch services. Based on payload, the market has been segmented into satellite, human spacecraft, cargo, testing probes, and stratollite. Based on orbit, the market has been segmented into LEO, MEO, GEO, and beyond GEO. Based on launch platform, the market has been segmented into land, air, and sea. Based on launch vehicle size, the market is segmented into small lift launch vehicles (<350,000kg) and medium-to-heavy lift launch vehicles (>350,000kg). Based on end user, the market has been segmented into commercial and military & government.

The report provides an in-depth market intelligence regarding major factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the market, along with analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the space launch services market.

The report also covers competitive developments such as long-term contracts, joint ventures, mergers & acquisitions, new product launches and developments, and research & development activities in the space launch services market, in addition to business and corporate strategies adopted by key market players.

Research Methodology:

The research methodology used to estimate and forecast the space launch services market began with capturing data on space launch service providers, through secondary sources such as UCS Satellite Database, news articles, and journals. The price of service offerings was taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall size of the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were verified through primary research by conducting extensive interviews with market experts, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primaries is depicted in the figure below:

Space Launch Services Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the space launch services market comprises defense departments, satellite developers, service providers, and regulatory authorities. Antrix Corporation (India), Arianespace (France), Boeing (US), China Great Wall Industry Corporation (China), EUROCKOT (Germany), ILS International (US), Lockheed Martin (US), Mitsubishi Heavy Industries (Japan), Orbital ATK (US), Space Exploration Technologies (US), Space International Services (Russia), and United Launch Alliance (US) are key players operating in the services market.

Target Audience

  • Space Launch Service Providers
  • Space Launch System Manufacturers
  • Subsystem Manufacturers
  • Technology Support Providers
  • Ministry of Defense
  • Scientific Research Centers
  • Software/Hardware/Service and Solution Providers

“The study answers several questions for stakeholders, primarily, which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Scope of the Report

  • This research report categorizes the space launch services market into the following segments and subsegments:
  • Space Launch Services Market, By Service Type
    • Pre-Launch Services
      • Launch Acquisition & Coordination
      • Management Services
      • Integration & Logistics
      • Tracking Data and Telemetry Support
      • Insurance
    • Post Launch Services
      • Launch and Early Operations Phase (LEOP)
      • Resupply Missions
      • Stabilization
      • Others
  • Space Launch Services Market, By Payload
    • Satellite
      • Small Satellite (1kg – 500kg)
        • Nanosatellite (1kg – 10kg)
        • Microsatellite (10kg – 100kg)
        • Minisatellite (100kg – 500kg)
      • Medium Satellite (501kg – 2500kg)
      • Large Satellite (>2500)
    • Human Spacecraft
    • Cargo
    • Testing Probes
    • Stratollite
  • Space Launch Services Market, By Orbit
    • LEO
      • By Payload
    • MEO
      • By Payload
    • GEO
      • By Payload
    • Beyond GEO
      • By Payload
  • Space Launch Services Market, By Launch Platform
    • Land
    • Air
    • Sea
  • Space Launch Services Market, By Launch Vehicle Size
    • Small Lift Launch Vehicles (<350,000 kg)
    • Medium-to-Heavy Lift Launch Vehicles (>350,000 kg)
  • Space Launch Services Market, By End User
    • Commercial
      • Satellite Service Providers
      • Private Companies
    • Military & Government
      • Defense Organizations
      • Space Agencies
  • Space Launch Services Market, By Region
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

Available Customizations:

Along with market data, MarketsandMarkets offers customizations as per the specific needs of a company. The following customization options are available for the report:

  • Company Information
    • Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
    1.4 Years Considered for the Study
    1.5 Currency & Pricing
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Demand and Supply Side Analysis
           2.2.1 Demand-Side Indicators
                    2.2.1.1 Growing Demand for Commercial Non-Geostationary Satellite Orbit (NGSO) Launches
                    2.2.1.2 Increasing Demand for Small Satellites
           2.2.2 Supply-Side Indicators
                    2.2.2.1 Advancements in Reusable Launch Vehicle (RLV) Technology
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 34)
    4.1 Increasing Number of Satellite Launches to Offer Several Untapped Opportunities in the Space Launch Industry
    4.2 Space Launch Services Market, By Orbit
    4.3 Space Launch Services Market, Military & Government vs Commercial End Users
    4.4 Space Launch Services Market, By Launch Platform
    4.5 Space Launch Services Market, By Region/Country

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increased Deployment of Small Satellites Boosting the Growth of Space Launch Services
                    5.3.1.2 Significant Investments By Venture Companies Leading to Rise in Space Exploration Missions
           5.3.2 Restraints
                    5.3.2.1 Lack of Dedicated Launch Vehicles for the Launch of Small Satellites
                    5.3.2.2 Lack of Measures for the Disposal of Orbital Debris
           5.3.3 Opportunities
                    5.3.3.1 Technological Upgradation in Space Industry Leading to Low Cost of Spacecraft Launches
           5.3.4 Challenges
                    5.3.4.1 Scarce Intellectual Assets in Many Countries Hindering the Expansion of the Space Launch Services Market
                    5.3.4.2 Regulatory Challenges

6 Industry Trends (Page No. - 46)

    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Technology Trends
           6.3.1 Launcher Recoverability
           6.3.2 Propellant Technologies
           6.3.3 Upper Stage and Spacecraft Orbit Raising Technologies
           6.3.4 Technologies Required for Recovery
    6.4 Emerging Trends
           6.4.1 Reuseable Launch Vehicles
           6.4.2 Development of Dedicated Launch Vehicles for Small Satellites
           6.4.3 Space Debris Removal
           6.4.4 Satellite Constellations
           6.4.5 Innovations & Patent Registrations

7 Space Launch Services Market, By Service Type (Page No. - 52)
    7.1 Introduction
    7.2 Pre-Launch Services
           7.2.1 Launch Acquisition & Coordination
           7.2.2 Management Services
           7.2.3 Integration & Logistics
           7.2.4 Tracking, Data & Telemetry Support
           7.2.5 Insurance
    7.3 Post-Launch Services
           7.3.1 Launch and Early Operations Phase (LEOP)
           7.3.2 Re-Supply Missions
           7.3.3 Stabilization
           7.3.4 Others

8 Space Launch Services Market, By Payload (Page No. - 57)
    8.1 Introduction
    8.2 Satellite
           8.2.1 Small Satellite (1-500 Kg)
                    8.2.1.1 Nano-Satellites
                    8.2.1.2 Micro-Satellites
                    8.2.1.3 Minisatellites
           8.2.2 Medium Satellite (501-2500 Kg)
           8.2.3 Large Satellite (>2500 Kg)
    8.3 Stratollite
    8.4 Cargo
    8.5 Human Spacecraft
    8.6 Testing Probes

9 Space Launch Services Market, By Orbit (Page No. - 63)
    9.1 Introduction
    9.2 Low Earth Orbit (LEO)
           9.2.1 Low Earth Orbit (LEO) Market, By Payload
    9.3 Medium Earth Orbit (MEO)
           9.3.1 Medium Earth Orbit (MEO) Market, By Payload
    9.4 Geosynchronous Orbit (GEO)
           9.4.1 Geosynchronous Or Geostationary Earth Orbit (GEO) Market, By Payload
    9.5 Beyond Geosynchronous Orbit (GEO)
           9.5.1 Beyond Geosynchronous Orbit (GEO) Market, By Payload

10 Space Launch Service Market, By Launch Platform (Page No. - 71)
     10.1 Introduction
     10.2 Land
     10.3 Sea
     10.4 Air

11 Space Launch Services Market, By Launch Vehicle Size (Page No. - 75)
     11.1 Introduction
     11.2 Small Lift Launch Vehicles (<350,000 Kg)
     11.3 Medium to Heavy Vehicles (>350,000 Kg)

12 Space Launch Services Market, By End User (Page No. - 79)
     12.1 Introduction
     12.2 Commercial
             12.2.1 Satellite Service Providers
             12.2.2 Private Companies
     12.3 Military and Government
             12.3.1 Defense Organizations
             12.3.2 Space Agencies

13 Regional Analysis (Page No. - 84)
     13.1 Introduction
     13.2 North America
             13.2.1 US
             13.2.2 Canada
     13.3 Europe
             13.3.1 Russia
             13.3.2 France
             13.3.3 Germany
             13.3.4 UK
             13.3.5 Italy
             13.3.6 Rest of Europe
     13.4 Asia Pacific
             13.4.1 China
             13.4.2 Japan
             13.4.3 India
             13.4.4 Australia
             13.4.5 Rest of Asia Pacific
     13.5 Rest of the World
             13.5.1 Middle East
             13.5.2 South America
             13.5.3 Africa

14 Competitive Landscape (Page No. - 118)
     14.1 Introduction
     14.2 Market Ranking
     14.3 Competitive Scenario
             14.3.1 Contracts
             14.3.2 Agreements, Partnerships, and Acquisitions

15 Company Profiles (Page No. - 125)
(Overview, Products and Services, Financials, Strategy & Development)*
     15.1 Introduction
     15.2 Antrix
     15.3 Boeing
     15.4 Mitsubishi Heavy Industries
     15.5 Orbital ATK
     15.6 Lockheed Martin
     15.7 Spacex
     15.8 Arianespace
     15.9 ILS International Launch Services
     15.10 China Great Wall Industry
     15.11 Space International Services
     15.12 United Launch Services
     15.13 Eurockot
     15.14 Blue Origin
     15.15 Spaceflight
     15.16 Isc Kosmotras

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

16 Appendix (Page No. - 159)
     16.1 Discussion Guide
     16.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.3 Introducing RT: Real-Time Market Intelligence
     16.4 Available Customization
     16.5 Related Reports
     16.6 Author Details


List of Tables (99 Tables)

Table 1 Worldwide Launch of Nanosatellites & Cubesats, (2015-2017)
Table 2 Major International Launch Partnerships
Table 3 Innovations & Patent Registrations, 2012-2016
Table 4 Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 5 Pre-Launch Services Market Size, By Region, 2015-2025 (USD Million)
Table 6 Pre-Launch Services Market Size, By Subsegment, 2015-2025 (USD Million)
Table 7 Post-Launch Services Market Size, By Region, 2015-2025 (USD Million)
Table 8 Post-Launch Services Market Size, By Subsegment, 2015-2025 (USD Million)
Table 9 Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 10 Satellite Market Size, By Region, 2015-2025 (USD Million)
Table 11 Satellite Market Size, By Subsegment, 2015-2025 (USD Million)
Table 12 Stratollite Market Size, By Region, 2015-2025 (USD Million)
Table 13 Cargo Market Size, By Region, 2015-2025 (USD Million)
Table 14 Human Spacecraft Market Size, By Region, 2015-2025 (USD Million)
Table 15 Testing Probes Market Size, By Region, 2015-2025 (USD Million)
Table 16 Space Launch Services Market Size, By Orbit , 2015-2025 (USD Million)
Table 17 Low Earth Orbit (LEO) Market Size, By Region, 2015-2025 (USD Million)
Table 18 Low Earth Orbit (LEO) Market Size, By Payload, 2015-2025 (USD Million)
Table 19 Medium Earth Orbit (MEO) Market Size, By Region, 2015-2025 (USD Million)
Table 20 Medium Earth Orbit (MEO) Market Size, By Payload, 2015-2025 (USD Million)
Table 21 Geosynchronous Orbit (GEO) Market Size, By Region, 2015-2025 (USD Million)
Table 22 Geosynchronous Or Geostationary Earth Orbit (GEO) Market Size, By Payload, 2015-2025 (USD Million)
Table 23 Beyond Geostationary (GEO) Market Size, By Region, 2015-2025 (USD Million)
Table 24 Beyond Geosynchronous Orbit (GEO) Market Size, By Payload, 2015-2025 (USD Million)
Table 25 Space Launch Service Market Size, By Launch Platform, 2015-2025 (USD Million)
Table 26 Land Launch Platform Market Size, By Region, 2015-2025 (USD Million)
Table 27 Sea Launch Platform Market Size, By Region, 2015-2025 (USD Million)
Table 28 Air Launch Platform Market Size, By Region, 2015-2025 (USD Million)
Table 29 Space Launch Service Market Size, By Launch Vehicle Size, 2015-2025 (USD Million)
Table 30 Small Lift Launch Vehicles Market Size, By Region, 2015-2025 (USD Million)
Table 31 Medium to Heavy Vehicles Market Size, By Region, 2015-2025 (USD Million)
Table 32 Space Launch Services Market, By End User, 2015–2025 (USD Million)
Table 33 Space Launch Services Market for Commercial, By Region, 2015–2025 (USD Million)
Table 34 Space Launch Services Market for Commercial, By Subsegment, 2015–2025 (USD Million)
Table 35 Space Launch Services Market for Military and Government, By Region, 2015–2025 (USD Million)
Table 36 Space Launch Services Market for Military and Government, By Subsegment, 2015–2025 (USD Million)
Table 37 Space Launch Services Market Size, By Region, 2015-2025 (USD Million)
Table 38 North America: Space Launch Services Market Size, By Service Type, 2015-2025 (USD Million)
Table 39 North America: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 40 North America: Space Launch Services Market Size, By Orbit, 2015-2025 (USD Million)
Table 41 North America: Space Launch Services Market Size, By Launch Platform, 2015-2025 (USD Million)
Table 42 North America: Space Launch Services Market Size, By Launch Vehicle Size, 2015-2025 (USD Million)
Table 43 North America: Space Launch Services Market Size, By End User, 2015-2025 (USD Million)
Table 44 North America: Space Launch Services Market Size, By Country, 2015-2025 (USD Million)
Table 45 US: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 46 US: Space Launch Services Market Size, By End User, 2015-2025 (USD Million)
Table 47 Canada: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 48 Canada: Space Launch Services Market Size, By End User, 2015-2025(USD Million)
Table 49 Europe: Space Launch Services Market Size, By Service Type, 2015-2025 (USD Million)
Table 50 Europe: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 51 Europe: Space Launch Services Market Size, By Orbit, 2015- 2025 (USD Million)
Table 52 Europe: Space Launch Services Market Size, By Launch Platform, 2015-2025 (USD Million)
Table 53 Europe: Space Launch Services Market Size, By Launch Vehicle Size, 2015-2025 (USD Million)
Table 54 Europe: Space Launch Services Market Size, By End User, 2015-2025 (USD Million)
Table 55 Europe: Space Launch Services Market Size, By Country, 2015-2025 (USD Million)
Table 56 Russia: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 57 Russia: Space Launch Services Market Size, By End User, 2015-2025(USD Million)
Table 58 France: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 59 France: Space Launch Services Market Size, By End User, 2015-2025(USD Million)
Table 60 Germany: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 61 Germany: Space Launch Services Market Size, By End User, 2015-2025(USD Million)
Table 62 UK: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 63 UK: Space Launch Services Market Size, By End User, 2015-2025(USD Million)
Table 64 Italy: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 65 Italy: Space Launch Services Market Size, By End User, 2015-2025(USD Million)
Table 66 Rest of Europe: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 67 Rest of Europe: Space Launch Services Market Size, By End User, 2015-2025(USD Million)
Table 68 Asia Pacific: Space Launch Services Market Size, By Service Type, 2015-2025 (USD Million)
Table 69 Asia Pacific: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 70 Asia Pacific: Space Launch Services Market Size, By Orbit, 2015-2025 (USD Million)
Table 71 Asia Pacific: Space Launch Services Market Size, By Launch Platform, 2015-2025 (USD Million)
Table 72 Asia Pacific: Space Launch Services Market Size, By Launch Vehicle Size, 2015-2025 (USD Million)
Table 73 Asia Pacific: Space Launch Services Market Size, By End User, 2015-2025 (USD Million)
Table 74 Asia Pacific: Space Launch Services Market Size, By Country, 2015-2025 (USD Million)
Table 75 China: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 76 China: Space Launch Services Market Size, By End User, 2015-2025(USD Million)
Table 77 Japan: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 78 Japan: Space Launch Services Market Size, By End User, 2015-2025(USD Million)
Table 79 India: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 80 India: Space Launch Services Market Size, By End User, 2015-2025(USD Million)
Table 81 Australia: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 82 Australia: Space Launch Services Market Size, By End User, 2015-2025(USD Million)
Table 83 Rest of Asia Pacific: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 84 Rest of Asia Pacific: Space Launch Services Market Size, By End User, 2015-2025(USD Million)
Table 85 Rest of the World: Space Launch Services Market Size, By Service Type, 2015-2025 (USD Million)
Table 86 Rest of the World: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 87 Rest of the World: Space Launch Services Market Size, By Orbit, 2015-2025 (USD Million)
Table 88 Rest of the World: Space Launch Services Market Size, By Launch Platform, 2015-2025 (USD Million)
Table 89 Rest of the World: Space Launch Services Market Size, By Launch Vehicle Size, 2015-2025 (USD Million)
Table 90 Rest of the World: Space Launch Services Market Size, By End User, 2015-2025 (USD Million)
Table 91 Rest of the World: Space Launch Services Market, By Region, 2015-2025 (USD Million)
Table 92 Middle East: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 93 Middle East: Space Launch Services Market Size, By End User, 2015-2025(USD Million)
Table 94 South America: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 95 South America: Space Launch Services Market Size, By End User, 2015-2025 (USD Million)
Table 96 Africa: Space Launch Services Market Size, By Payload, 2015-2025 (USD Million)
Table 97 Africa: Space Launch Services Market Size, By End User, 2015-2025(USD Million)
Table 98 Contracts, September 2014–October 2017
Table 99 Agreements, Partnerships, and Acquisitions, February 2015–October 2017


List of Figures (46 Figures)

Figure 1 Research Flow
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Satellites Launched, By Orbit
Figure 5 Planned Satellite Launches (2016-2024)
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Space Launch Services Market, By Service Type, 2017 vs 2025 (USD Billion)
Figure 10 Space Launch Services Market, By Payload, 2017 vs 2025 (USD Billion)
Figure 11 Space Launch Services Market, By End User, 2017 vs 2025 (USD Billion)
Figure 12 Space Launch Services Market, By Region, 2017 vs 2025 (USD Billion)
Figure 13 Growth Opportunities in the Space Launch Services Market
Figure 14 LEO Segment is Estimated to Lead the Space Launch Services Market From 2017 to 2025
Figure 15 Commercial to Register Highest Growth Between 2017 and 2025
Figure 16 Land Segment to Lead the Space Launch Services Market From 2017 to 2025
Figure 17 China is Projected to Have the Highest CAGR During the Forecast Period
Figure 18 Space Launch Services Market, By Service Type
Figure 19 Space Launch Services Market, By Orbit
Figure 20 Space Launch Services Market, By Launch Vehicle Size
Figure 21 Space Launch Services Market, By Payload
Figure 22 Space Launch Services Market, By End User
Figure 23 Space Launch Services Market, By Launch Platform
Figure 24 Space Launch Services Market, By Region
Figure 25 Space Launch Services Market: Market Dynamics
Figure 26 Planned Satellite Launches (2016-2024)
Figure 27 Value Chain Concept
Figure 28 Pre-Launch Services Segment Expected to Grow at A Higher Rate During the Forecast Period
Figure 29 Satellite Segment Expected to Grow at the Highest Rate During the Forecast Period
Figure 30 LEO Segment Expected to Grow at the Highest CAGR During the Forecast Period
Figure 31 Land Segment Expected to Grow at the Highest Rate During the Forecast Period
Figure 32 Medium to Heavy Vehicles (>350,000 Kg) Segment Expected to Grow at A Higher CAGR During the Forecast Period
Figure 33 Commercial Segment Expected to Grow at A Higher CAGR During the Forecast Period
Figure 34 Space Launch Services Market: Regional Snapshot
Figure 35 North America Space Launch Services Market Snapshot
Figure 36 Europe Space Launch Services Market Snapshot
Figure 37 Asia Pacific Space Launch Services Market Snapshot
Figure 38 Key Growth Strategies Adopted By the Top Players Between January 2015 and October 2017
Figure 39 Revenue and Product-Based Rank Analysis of the Top Players in the Space Launch Services Market in 2016
Figure 40 Regional Revenue Mix of the Top Five Market Players Operating in the Space Launch Services Market in 2016
Figure 41 Antrix: Company Snapshot
Figure 42 Boeing: Company Snapshot
Figure 43 Mitsubishi Heavy Industries: Company Snapshot
Figure 44 Orbital ATK: Company Snapshot
Figure 45 Lockheed Martin: Company Snapshot
Figure 46 Arianespace: Company Snapshot

The space launch services market is projected to grow from USD 8.88 Billion in 2017 to USD 27.18 Billion by 2025, at a CAGR of 15.01% during the forecast period. The increasing adoption of space launch services for satellites and testing probe application is one of the most significant factors driving the growth of the market. Furthermore, the introduction of space tourism is expected to provide lucrative growth opportunities to space launch service providers in the near future.

Based on payload, the satellite segment of the space launch services market is projected to grow at the highest CAGR during the forecast period. The increasing demand for Earth observation and communication satellites is projected to drive the growth of the satellite segment. These satellites are intended for monitoring of the Earth’s surface to obtain valuable information for mapping, mineral exploration, land-use planning, and resource management, among other activities.

Based on orbit, the LEO segment is expected to lead the space launch services market from 2017 to 2025. Most space-related missions are targeted at Low Earth Orbit (LEO). The deployment of small satellites in space and increase in the number of spaceflights to deliver cargo to the International Space Station (ISS) are key factors contributing to the growth of the LEO segment of the services market.

Based on launch platform, the land segment is projected to lead the space launch services market during the forecast period, owing to an increase in the number of satellite launches from ground-based sites. The land platform is cost-effective and technologically upgraded as compared to other platforms.

Space Launch Services Market

North America is estimated to lead the space launch services market in 2017, owing to the increasing demand for launch services for satellites, human spacecraft, and space probes. In addition, the rise in the number of spaceflights to ISS and increased investments in space exploration missions are additional factors projected to drive the growth of the market in North America. However, the market in the Asia Pacific region is projected to grow at the highest CAGR from 2017 to 2025, owing to the increased demand for launch services from the space industry in this region.

Factors such as interoperability issues and huge initial investments are acting as restraints to the growth of the space launch services market.

Key players operating in the space launch services market include Antrix Corporation (India), Arianespace (France), Boeing (US), China Great Wall Industry Corporation (China), EUROCKOT (Germany), ILS International (US), Lockheed Martin (US), Mitsubishi Heavy Industries (Japan), Orbital ATK (US), Space Exploration Technologies (US), Space International Services (Russia), Spaceflight (US), Starsem (France) and United Launch Alliance (US). Leading players have adopted the strategy of contracts to strengthen their position in the market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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