Space Launch Market size was valued at USD 10.5 Billion in 2024 and is forecasted to grow at a CAGR of 12.5% from 2026 to 2033, reaching USD 30.0 Billion by 2033.
The global Space Launch Market was valued at USD 15.7 billion in 2022 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.5% from 2023 to 2030. The increasing demand for satellite based services, advancements in reusable rocket technology, and the growing interest in space tourism are driving the expansion of the space launch sector. North America held the largest market share in 2022, contributing around 40% of the total market size. This can be attributed to substantial investments in both governmental and commercial space programs. Europe and Asia Pacific regions followed closely, accounting for 25% and 20% of the global market share, respectively. The growing participation of private companies in space missions and governmental collaborations in Asia Pacific are boosting the regional market’s growth. In terms of growth opportunities, the Asia Pacific region is projected to witness the fastest growth rate during the forecast period. The region’s market size is anticipated to expand at a CAGR of 9.0% by 2030. This growth is driven by the increasing number of spaceports, governmental space missions, and private sector investments. Latin America and the Middle East are also expected to experience substantial growth, fueled by strategic partnerships and space exploration initiatives. These regions, though smaller in market share, present untapped opportunities for space launch providers, particularly in satellite launches, deep space exploration, and supporting infrastructure development. The rise in satellite constellations and planned human space missions will further contribute to market expansion across all regions.
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NASA
CASC
Arianespace
Antrix
Russian Aviation and Space Agency
Boeing
China Great Wall Industry
Eurockot
ILS International Launch Services
Lockheed Martin
Mitsubishi Heavy Industries
Northrop Grumman
Spacex
Space International Services
Spaceflight
Starsem
United Launch Services (ULS)
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. 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 Space Launch Market
Reusable Launch Vehicles (RLVs)
Expendable Launch Vehicles (ELVs)
Hybrid Launch Vehicles
Suborbital Launch Vehicles
Commercial Payload Launches
Government/Defense Launches
Scientific Research and Exploration
Small Satellites
Medium Satellites
Large Satellites
Crewed Missions
Government Agencies
Commercial Enterprises
Academic Institutions
Non-profit Organizations
Regular Launch Schedule
On-demand Launch Services
Emerging Launch Opportunities
US (United States, US 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 Space Launch 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 Space Launch Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Space Launch Market, By Type
6. Global Space Launch Market, By Application
7. Global Space Launch Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Space Launch Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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