Space Launch Services Market Trends, Analysis, and Future Outlook - 2030

Space Launch Services Market Projected to Expand at 14% CAGR Through 2030

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.

Our Latest Reports Now Include In-Depth Supply Chain Ecosystem Analysis, Enabling Businesses to Navigate Tariff Challenges with Greater Agility Get Sample Report -  https://www.marknteladvisors.com/query/request-sample/space-launch-services-market.html    

Strategic Takeaways from the Report:

• Market Sizing and Forecasting

• Regulatory and Policy Influence

• Competitive Trends and M&A Activity

• Innovation Drivers and Disruptive Technologies

• Investment Hotspots and Emerging Niches

• Geographical Dynamics and Trade Flows

Space Launch Services Market Segment Overview & Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

By Orbit

• Lower Earth Orbit- Market Size & Forecast 2020-2030, USD Million

• Medium Earth Orbit- Market Size & Forecast 2020-2030, USD Million

• Geostationary Orbit- Market Size & Forecast 2020-2030, USD Million

• Beyond Earth Orbit- Market Size & Forecast 2020-2030, USD Million

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%.

By Payload

• Satellite - Market Size & Forecast 2020-2030, USD Million

• Cargo- Market Size & Forecast 2020-2030, USD Million

• Human Spacecraft- Market Size & Forecast 2020-2030, USD Million

• Scientific Instruments- Market Size & Forecast 2020-2030, USD Million

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.

By Launching Vehicle

• Small Lift Launch Vehicle- Market Size & Forecast 2020-2030, USD Million

• Medium Lift Launch Vehicle- Market Size & Forecast 2020-2030, USD Million

• Heavy Lift Launch Vehicle- Market Size & Forecast 2020-2030, USD Million

By End-User

• Commercial- Market Size & Forecast 2020-2030, USD Million

• Government & Military- Market Size & Forecast 2020-2030, USD Million

By Region

• 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.

These divisions help clarify demand patterns and expected shifts.

Market Opportunities

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.

Space Launch Services Market Competitive Snapshot from 2025-2030

The report highlights established and emerging players in the global Space Launch Services Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

• 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

• 
  

Their activities include partnerships, product launches, and geographic expansions.

Space Launch Services Industry Prime 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.

Frequently Asked Questions (FAQs):

• What industries are most impacted by this market?

• How is technology reshaping operations and offerings?

• Which competitors dominate the landscape?

• What risks could disrupt market expansion?

• How should businesses respond to demand fluctuations?

“Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours”

Other Report:

• https://vietnammarketinsights.blogspot.com/2025/06/vietnam-energy-management-market..html

• https://uberant.com/article/2110732-adtech-industry-forecast-key-players-and-growth-analysis-2025-2030/

• https://globalriskcommunity.com/notes/india-data-center-market-analysis-trends-growth-and-competition-2

Note: If you need additional information not included in the report, we can customize it to suit your requirements. https://www.marknteladvisors.com/query/request-customization/space-launch-services-market.html

Why Trust MarkNtel Advisors?

• In-depth primary and secondary data validation

• Focused on practical insights, not just raw numbers

• Designed to support business strategy, not just reporting

• Strong industry connections and real-time data flow

• Transparent methodology and reliable sourcing

About Us –

We are a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Contact Us –

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Address Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India