Space Launch Services Market Size, Industry Analysis Report by Payload(Satellite, Stratollite, Cargo, Human Spacecraft, Testing Probes), Orbit Type(GEO, Beyond GEO, LEO, MEO), Launch Platform(Land, Air, Sea), Vehicle Type(Medium-to-heavy Lift Launch Vehicle, Small Lift Launch Vehicle), End User(Commercial, Military & Government) & Region - Forecasts

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Global Space Launch Services Market Analysis by Payload, Orbit Type, Launch Platform, Vehicle Type, End User, Region and segments forecast till 2033

Market Overview

The Global Space Launch Services Market is estimated to reveal a substantial growth of a CAGR 15.7% during the forecasted period of 2023 to 2033. The Global Space Launch Services Market was treasured at USD 9,900 million in 2020, and is estimated to parade an immense transformation and reach USD 49,140 million by 2033.

Report Scope

Report Attributes


Market Forecast in 2022

USD 9,900 million

Market Forecast in 2033

USD 49,140 million

CAGR % 2023-2033


Base Year


Historic Data


Forecast Period


Report USP

Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more

Key Companies

Airbus S.A.S, Antrix Corporation Limited, China Aerospace Science and Technology Corporation, Lockheed Martin Corporation, Mitsubishi Heavy Industries (Mhi), Northrop Grumman Corporation, Rocket Lab Usa, Safran Sa, Space Exploration Technologies Corp. (Spacex), Starsem, State Space Corporation Roscosmos, S7 Space, The Boeing Corporation.

Global Space Launch Services Market- Description

Growing number of space testing and launches are influencing the market growth. As per the market specialists study, the small vehicle continues to be at the highest earning sector with a growing CAGR of 15.4% under vehicle type section. Various business corporations are entering into collaborations for the research and development of newer technologies with regards to small vehicle services to space. For instance, SpaceX successfully launched an un-crewed Dragon spacecraft for NASA. This is the only spacecraft that was developed privately to carry astronauts to earths orbit.

Progress in of space program technology is considered to be a lucrative factor for the growth of the market. Space exploration program has gained a lot of popularity in major countries and have dominated the launch of reusable vehicle. Furthermore, the expansion in research and development of space vehicle is accelerating the market.

Space launch services are facilities utilized for launching rockets that transport satellites from land to earths orbit to explore the universe. The services consist of series of events such as payload integration, launch infrastructure, launch assembly, ordering, conversion etc. In 2018, the launch services sector was reckoned around USD 5.5 billion out of global space economy. The services account for ordering, conversion, and construction of carrier rocket. In addition to this, the services are also responsible for assembly and stacking, payload integration, and finally directing the launch of the space rocket.

Some of these services can be accomplished by companies or even sometimes outsourced. For instance, United Launch Alliance, has joined hands for the manufacture of GEM solid rocket motors for Delta II and Delta IV a medium version rockets to Alliant Techsystems, where both Delta II and Delta IV vehicles are retired. Space launch services does not necessarily create new rockets every time.Currently, there has been lot of satellite testing and launching noticed around the globe, which is driving the market.

Global Space Launch Services Market: Key Trends

Reduced cost of space missions is boosting the market.

Growing demand for small satellites with reduced costs that indirectly decreased the cost of space operations with lessened time which helps in implementing new projects. Moreover, governments are now investing in research and development of space programs which is one of the factors fueling the market.

Association of various space organization with a focus of developing advanced space technologies is driving the market.

Collaboration of different space agencies with an aim to develop new progressive space vehicles is driving the market. For instance, in February 2021, Indian Space Research Organization (ISRO), launched Polar Satellite Launch Vehicle (PSLV) embedded with Brazils earth observation satellite, Amazonia-1, and 18 other satellites that belong to US. Such collaborations are expected to influence the market in the forecasted period.

Covid-19 impact on market

Covid-19 had significantly impacted the global business and space launch services was not good too. The contagion specifically hit satellite launch, manned spacecraft, launch vehicle domain, and post launch services. The decelerate in eminent players contribution in market has drastically altered the market. Due to the global lockdowns, the oxygen shipments were delayed which hampered the planned liftoff of the Landsat 9 satellite. Also, due to delayed shipments that resulted into shortfall of microchips and other electronic components required for Defense Advanced Research Project Blackjack mission, and which was supposed to be launched earlier, was postponed to 2021 post lockdowns.

Global Space Launch Services Market: Segmentation Analysis





Human Spacecraft

Testing Probes

Of all types, Satellite segment held a largest share of 45.95% in 2021 and is expected to grow more.

Orbit Type:


Beyond GEO



The GEO segment is anticipated to hold a highest position in terms of the revenue during forecasted timeline which as earlier 12.88% in 2021.

Launch Platform:




Of all the segments, the Land segment is expected to hold a highest position in terms of the revenue during the estimated timeline.

Vehicle Type:

Medium-to-heavy Lift Launch Vehicle

Small Lift Launch Vehicle

The Medium-to-heavy Lift Launch Vehicle segment is anticipated to hold a highest position in terms of the revenue.

End User:


Military & Government

The Commercial segment is anticipated to hold a highest position in terms of the revenue.

Global Space Launch Services Market: Regional Analysis

Based on the regional overview, the market occupies following regions such as North America, Europe, Asia Pacific, Latin America, Africa. Region wise North America stood on largest position and was a leading revenue contributor in 2020. This is attributable to prevalence of majority of the players in this region.

Global Space Launch Services Market: Recent Developments

In September 2021, SpaceX announced its intention to launch its Starship spacecraft on a private mission around the moon in 2023, which would make it the first private mission to the moon. The company has also been awarded a contract by NASA to launch the Europa Clipper mission to Jupiter's moon, Europa, in 2024.

In July 2021, Arianespace, a European space launch services company, launched two telecommunications satellites, Eutelsat Quantum and Star One D2, into orbit using its Ariane 5 rocket from French Guiana.

In August 2021, ULA successfully launched its Delta IV Heavy rocket carrying a classified payload for the U.S. National Reconnaissance Office. This was the 13th successful mission for the Delta IV Heavy rocket.

In July 2021, Blue Origin launched its New Shepard rocket for the first time with passengers on board, including the company's founder, Jeff Bezos. The mission lasted approximately 10 minutes and reached an altitude of 100 kilometers, marking the company's first crewed mission.

In March 2021, Rocket Lab announced its plans to go public through a merger with a special purpose acquisition company (SPAC) called Vector Acquisition Corporation. The merger is expected to close in the second quarter of 2021 and will provide Rocket Lab with USD 777 million in gross proceeds.

Global Space Launch Services Market: Key Companies

Airbus S.A.S

Antrix Corporation Limited

China Aerospace Science and Technology Corporation

Lockheed Martin Corporation

Mitsubishi Heavy Industries (Mhi)

Northrop Grumman Corporation

Rocket Lab Usa

Safran Sa

Space Exploration Technologies Corp. (Spacex)

Starsem, State Space Corporation Roscosmos

S7 Space

The Boeing Corporation


Global Space Launch Services Market: Regional Scope

North America










Rest of Europe

Asia Pacific




South Korea


Rest of Asia Pacific

South America



Rest of South America

Middle East and Africa

Saudi Arabia



South Africa

Rest of Middle East and Africa

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