Launch Vehicle Market was valued at USD 9.4 Billion in 2022 and is projected to reach USD 27.2 Billion by 2030, growing at a CAGR of 14.1% from 2024 to 2030.
The global launch vehicle market was valued at approximately $16.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2028. This growth is driven by increasing investments in space exploration and satellite deployment. The market is expected to reach around $22.5 billion by 2028, reflecting a robust demand for both government and commercial space missions. Key drivers include advancements in rocket technology, the rise of private space companies, and the expanding applications of satellites in telecommunications, earth observation, and scientific research.
Emerging markets are also gaining traction, particularly in regions with growing space programs and increasing space infrastructure investments. Countries in Asia and the Middle East are demonstrating significant potential due to government-led initiatives and the establishment of new spaceports. These markets present substantial opportunities for growth, with increased focus on reducing launch costs and enhancing launch vehicle capabilities. Additionally, the rise of reusable launch systems and the development of next-generation rocket technologies are anticipated to further drive market expansion and innovation in the coming years.
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CASC
SpaceX
Progress Rocket Space Centre
United Launch Alliance
Arianespace
Mitsubishi Heavy Industries
Astra Space
Northrop Grumman
ISRO
Khrunichev Center
Blue Origin
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Launch Vehicle Market
Commercial
Government
Based on Types the Market is categorized into Below types that held the largest Launch Vehicle market share In 2023.
Light Rocket
Heavy Rocket
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Launch Vehicle Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Launch Vehicle Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Launch Vehicle Market, By Type
6. Global Launch Vehicle Market, By Application
7. Global Launch Vehicle Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Launch Vehicle Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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