Space Launch Services Market Research Report: Forecast (2025-2030)

Market Definition

Space launch services refer to the services related to the transport of payloads such as satellites, human spacecraft, scientific instruments, etc., from Earth to space. These services are primarily provided by organizations that operate launch vehicles, i.e., rockets, designed to transport payloads to various space destinations.

Market Insights & Analysis: Global Space Launch Services Market (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. This is because the number of payloads sent to space is continuously increasing. These payloads include communication & navigation satellites, human space crafts, cargo for the International Space Station, etc., from various private and public organizations. As a result, the demand for launch vehicles increases to ensure their safe and fast transport.

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Moreover, governments and private organizations of various regions have a continuous focus on enhancing their services such as climate monitoring systems, navigations, satellite images, communication latency, etc. As a result, they are manufacturing satellites that can provide more accurate and precise results. For instance, in 2024, Apple plans to invest up to USD 1.5 billion in satellite provider Globalstar, an American telecommunications company that operates a constellation in low Earth orbit (LEO), to enhance the space-based communication services in iPhones. This provides space launch service providers an opportunity because they get the contracts to transport these satellites to the desired orbits through their launch vehicles. For instance, in 2024, SpaceX won a contract worth around USD 112.7 million to launch the JPSS-4 satellite, an advanced U.S. National Oceanic and Atmospheric Administration (NOAA) satellite that can understand and predict weather changes.

Furthermore, the defense sector of various countries such as; the US, India, Japan, etc., are focusing on advancing their satellite communication networks and surveillance systems. For instance, in 2024, Japan launches a defense satellite to improve the speed of communication and military operations. More such operation is expected to be performed in the future to align with the continuous advancement in technology of communications and navigation. For instance, in 2024, after the incursion of Chinese aircraft into Japan’s boundary, Japan's Ministry of Defense intends to invest approximately USD 2.2 billion in a satellite that can track multiple suspicious aircraft in real-time. Therefore, due to the increasing number of satellites to be launched, space launch service providers are expected to experience high revenue growth in the coming years.

Global Space Launch Services Market Driver:

Increasing Demand for Payload Launches – The demand from various government and private organizations to launch their payloads into space is increasing to enhance their services and operations such as; weather forecasting, navigation, communication, etc. These payloads include satellites, human space crafts, cargo, etc., that are equipped on rockets and transported to their desired orbits in space. As a result, the demand for space launch service providers increases as some organizations do not have launch vehicles while some want to ensure safe & fast transport. For instance,

• In 2024, SpaceX got a contract worth around USD733.5 million from the US military to launch their 9 satellites in LEO to enhance their communication and intelligence capabilities.

Additionally, space launch providers such as ESA, JAXA, Roscosmos, Northrop Grumman, and SpaceX, have launched their space rockets to resupply the International Space Station and these resupplies will be needed in the future as well. Therefore, due to the increasing number of payload launches, the need for launching services also increases, and this trend is expected to continue in the forthcoming period as well.

Global Space Launch Services Market Opportunity:

Increasing Operations for Mars, the Moon, & Deep Space Exploration – There are only five countries that have made a soft landing on the moon so far. More countries are expected to launch their satellite and landers to the moon’s surface. Additionally, private organizations are also sending their landers to the moon by partnering with space launch service providers. Only medium to heavy lift launch vehicles such as; Falcon Heavy, Electron, etc., can carry out these missions based on the weight of the payload; thus increasing their demand in coming years. For instance, in 2024, Intuitive Machines sent its Moon lander Odysseus to the moon using a Falcon 9 rocket and became the first private organization to land on the moon. Therefore, due to the increasing operations for Mars, the moon, and deep space exploration, the demand for appropriate rockets, primarily heavy lift vehicles can provide lucrative growth opportunities to the market.

Global Space Launch Services Market Challenge:

Manufacturing of Robust Launching Vehicles – There is a high need for robust rockets that can transport the payloads safely to their destinations. As payloads such as satellites & space crafts are very expensive, their manufacturing companies require a robust launching vehicle provider to ensure secure launches and safe transport of the payload. Otherwise, the payload company might face financial budget issues. As a result, more companies dismiss their space plans and wait for more advancements in technology. Moreover, as these launches are global attractions, launch failures can lead to the downfall of the rocket company as well. For instance, in 2024, a Chinese rocket start-up iSpace faced a launch failure resulting in the destruction of three earthquake and weather forecasting satellites.

Therefore, manufacturing rockets without proper research & development can lead to launch failure which stops various companies from launching their satellites and waiting for advancement in technologies; thus limiting the market’s growth.

Global Space Launch Services Market Trend:

Cost-Effectiveness in Payload Launches Gaining Traction – One of the main needs while transporting the payloads to space is to complete the mission properly while being cost-effective. As a result, various companies have introduced reusable rockets such as; Falcon 9 by SpaceX, Electron by Rocket Lab, etc. As these rockets return to the launch sites minutes after launching, they can be reused thus saving the cost of manufacturing of new rocket.

Moreover, various space launch service providers are using the concept of ride-sharing in which various satellites with the same destination orbits are launched through a single rocket. This saves the cost of transport for all the payload companies. For instance, SpaceX has introduced a rideshare program in which a ridesharing rocket is launched approximately every four months, and most recently, in 2024, it launched a Falcon 9 carrying 53 small-size satellites. Therefore, all these efforts show the focus of the space launch services market towards providing cost-effective operations.

Global Space Launch Services Market (2025-30): Segmentation Analysis

The Global Space Launch Services Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025–30 at the global level. Based on the analysis, the market has been further classified as:

Based on Orbit:

• Lower Earth Orbit
• Medium Earth Orbit
• Geostationary Orbit
• Beyond Earth Orbit

Based on the orbit, most of the payloads, primarily the satellites are sent to Lower Earth Orbit (LEO). This is because LEO is the closest orbit to Earth and is the area of space below an altitude of about 2,000 km, which makes it easy to access for various small and medium satellites while being cost-efficient. Many different types of satellites are launched in LEO, including communication satellites, Earth observation satellites, scientific satellites, and satellites for the International Space Station as this orbit provides the lowest latency in communication, clear pictures of Earth, and accurate scientific reports. Moreover, many large constellations of small satellites are present in LEO. For instance, SpaceX’s Starlink constellation is present in LEO which aims to provide global mobile broadband services. Therefore, due to the highest number of satellites present in LEO, it holds a major share of around 52%.

Based on Payload:

• Satellite
• Cargo
• Human Spacecraft
• Scientific Instruments

Based on the type of payload, the satellites hold the largest share of the market around 78%. This is because most of the payloads sent by government and commercial organizations intend to improve their services and operations. Therefore, satellites are transported regularly to align with the advancements in technology. These missions include transporting the satellite to various orbitals such as communication and navigation satellites into LEO, weather forecasting satellites into GEO, etc.

Moreover, the payloads sent by militaries are also navigating satellites that help to improve navigation and military operations. Additionally, most of the payloads transported through ride-sharing are small satellites. Therefore, due to the high number of satellite transports, they dominate the largest share of the market.

Global Space Launch Services Market (2025-30): Regional Projections

Geographically, the Global Space Launch Services Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Regionally, North America holds a major share around 36% with the US as the most prominent country. This is because it contains various experienced space launch service providers such as; SpaceX, Blue Origin, Rocket Lab, etc., due to which competition increases and focus on providing cost-efficient space transports also increases. This attracts a lot of commercial and governmental organizations in the US to launch their satellites into space as they are highly inclined towards advanced technologies. Moreover, North America is highly engaged in deep space missions as the US was the first country to send astronauts to the moon and is now aiming to become the first country to send humans to Mars through NASA’s Artemis Program by 2030. Therefore, due to the high number of satellite launches by North America, it holds the largest share of the market.

Global Space Launch Services Industry Recent Development:

• 2024: Rocket Lab established a facility in Virginia for the production and launch operations of Neutron, the most ambitious rocket of Rocket Lab to date that can also be reused. The company aims to explore deep space through its Venus Life Finder Mission.
• 2024: United Launch Alliance (ULA) expanded its Decatur rocket facility. They aimed to nearly double their launch rate and also meet the growing demand for launch service required by the US Space Force and their commercial customer Amazon, which has awarded them with about 38 launch projects.

Gain a Competitive Edge with Our Global Space Launch Services Market Report

1. Global Space Launch Services Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & market share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. Global Space Launch Services Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

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