Global Space Launch Services Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.

Global Space Launch Services Market Report and Forecast 2021-2026
Global Space Launch Services Market To Be Driven By The Increased Government Expenditure In Space Exploration Activities In The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘Global Space Launch Services Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global space launch services market, assessing the market based on its segments like payload, launch platforms, service types, launch vehicles, end users, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators and analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

Historical Market Size (2020): USD 12.59 Billion
Forecast CAGR (2021-2026): 15.33%
Forecast Market Size (2026): USD 29.64 Billion

The space launch services market is being driven by the growing number clinical trials worldwide. This can be attributed to rising demand for space launching services to aid in the space exploration activities. The increased demand for satellite launching services, especially small satellites, for the establishment of internet networks and smartphone connectivity is anticipated to aid the market growth in the forecast period. Moreover, heightened capital expenditure by the leading market players in the research and development of efficient launching facilities are also estimated to aid the market growth. These factors are expected to drive the market growth in the forecast period.

Industry Definition and Major Segments

Space launch services are offered by companies that specialise in aerospace launching operations. Space launch services include the assembly, construction, testing and launching of the spacecrafts, which are constructed based on the requirement including satellite launching and human spacecrafts, among others.

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The space launch services market, on the basis of payload, can be segmented into:

Satellite
Small Satellite (less than 1000 Kg)
Large Satellite (above 1000 Kg)
Human Spacecraft
Cargo
Testing Probes
Stratollite

Based on launch platform, the industry can be segregated into:

Land
Air
Sea

On the basis of service type, the market can be bifurcated into:

Pre-Launch
Post-Launch

Based on launch vehicle, the industry can be categorised into:

Small Launch Vehicle
Heavy Launch Vehicle

On the basis of end user, the market can be distributed into:

Government and Military
Commercial

The regional markets for space launch services include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market Trends

The global space launch services industry is being driven by the increased demand for space launching services for military launching operations is expected to impact market growth positively. The increased investments in strategising space tourism services such as the recent launch conducted by SpaceX are also estimated to aid the market growth. Moreover, the rapid technological advancements such as the development of micro launchers are also estimated to aid the market growth. The factors are anticipated to augment the market growth in the coming years.

Key Market Players

The major players in the market are Airbus SE, Antrix Corporation Limited, Space Exploration Technologies Corp. (SpaceX), Lockheed Martin Corporation, and The Boeing Company, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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