Press Release

A USD 15.2 Billion Global Space Launch Services Market to Flourish at a CAGR of Around 14% During 2025-30

The Global Space Launch Services Market size was valued at around USD 15.2 billion in 2024 and is projected to reach USD 35 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 14% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. This growth is attributed to the increasing number of payloads sent to space. These payloads include communication & navigation satellites, supplies for the International Space Station (ISS), etc. that are equipped on rockets and sent to space. As various organizations do not have space launching facilities while some want to ensure secure launch and safe transport, the demand for space launching vehicles will increase in the future.

Moreover, continuous investments are made by the defense sector of various countries to improve their navigation services and military operations. These investments include the manufacturing and launching of satellites into space. Such contracts are given to private space launch service providers through bids to ensure a safe and secure launch of the satellite. For instance, in 2024, Airbus secured a contract worth around USD 2.27 billion from the German Military to build and launch two telecommunication satellites into the Geostationary Orbit (GEO).

Additionally, various private organizations are also launching their satellites in space to enhance their service and operations such as; network latency, navigation & GPS services, weather forecasting, etc., and align with technological advancement. It also become easy for these companies to launch their satellites as various space launch service providers such as; SpaceX, Rocket Lab, etc. are providing ride-share services that make space launches more cost-efficient. For instance, in 2024, SpaceX completed its 11^th space transporting mission in which Falcon 9 was launched carrying 116 satellites from different companies. Therefore, the increasing number of payloads sent by various government and commercial organizations into space is the main factor driving the growth of the space launch services industry, further states the research report, “Global Space Launch Services Market Analysis, 2025.”

Segmentation Analysis

Lower Earth Orbit Holds a Major Market Share

Based on the orbit, the market is further bifurcated into Lower Earth Orbit, Medium Earth Orbit, Geostationary Orbit, and Beyond Earth Orbit. The Lower Earth Orbit (LEO) consists of the highest number of satellites. This is because LEO is the ideal orbit for the efficient operations of various types of satellites such as; navigation satellites, communication satellites, etc. as this orbit helps in providing low latency in communication and clear pictures of the earth’s surface. Additionally, as it is the closest orbit to Earth, transporting satellites to this orbit is easy and cost-efficient and various ride-sharing rockets are launched to LEO.

Moreover, many large constellations of small satellites are present in LEO. For instance, Amazon’s Project Kuiper aims to increase global broadband access through a satellite constellation of more than 3,000 satellites in LEO. Therefore, due to the highest number of satellites present in LEO, it holds the major share of the market.

North America Leads the Global Space Launch Services Industry

Regionally, North America is the most prominent user of space launch services with the US as the most engaged country in space launches. This dominance is due to the cost-efficiency in space launches provided by this region as there are various companies established in this region such as; SpaceX, Blue Origin, etc. that are continuously launching ride-share missions and reusing them when they return to Earth's surface, after a few minutes of launch. This also attracts organizations in North America to launch their satellites in space and align with advancements in technology.

Moreover, the US is highly engaged in deep space missions and is the first country to make a soft landing on the moon and is now aiming to send human astronauts to Mars by 2030. Therefore, due to the high number of satellite launches by North America and its engagement in deep space exploration, it holds the largest share of the market.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Northrop Grumman, SpaceX, Rocket Lab, United Launch Alliance, Blue Origin, Antrix Corporation Limited, Arianespace, Skyroot Aerospace, Relativity Space, Galactic Energy, International Launch Services, NewSpace India Limited, Mitsubishi Heavy Industries, PLD Space, Firefly Aerospace, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & service adoption?
5. How has the competition been shaping up across the regions?
6. How have buying behavior, customer inclination, and expectations from service providers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?