Space Launch Services

Space Launch Services

Global Space Launch Services Market to Reach $29.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Space Launch Services estimated at US$11.5 Billion in the year 2020, is projected to reach a revised size of US$29.6 Billion by 2027, growing at aCAGR of 14.5% over the period 2020-2027. Pre-Launch, one of the segments analyzed in the report, is projected to record 14.7% CAGR and reach US$16.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Post-Launch segment is readjusted to a revised 14.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.4 Billion, While China is Forecast to Grow at 13.9% CAGR

The Space Launch Services market in the U.S. is estimated at US$3.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2027 trailing a CAGR of 13.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.8% and 12.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR.We bring years of research experience to this 7th edition of our report. The 232-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

• Antrix Corporation Ltd.
• Arianespace SA
• Blue Origin
• Boeing Company, The
• China Great Wall Industry Corporation
• Eurockot Launch Services GmbH
• Ils International Launch Services, Inc.
• Isc Kosmotras
• Lockheed Martin Corporation
• Mitsubishi Heavy Industries Ltd.
• Orbital ATK, Inc.
• Spaceflight Industries, Inc.
• Spacex
• United Launch Services, LLC.

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