Top 10 Space Launch Services Market Players Size, Share & Global Forecast 2026

Posted by Rushikesh Pise on March 12th, 2020

The global Space Launch Services Market size is projected to reach USD 31.35 billion by 2026, thereby exhibiting a CAGR of 13.73% during the forecast period. This information is published by Fortune Business Insights(TM) in a recent report, titled, "Global Space Launch Services Market Size, Share & Industry Analysis, By Payload (Satellite, Stratollite, Cargo, Human Spacecraft, and Testing Probes) By Orbit (LEO, MEO, GEO, and Beyond GEO), By Launch Platform (Land, Air, and Sea), By Vehicle Type (Small Lift Launch Vehicle, Medium-to-Heavy Lift Launch Vehicles), By End User (Commercial, and Military & Government) and Regional Forecast, 2019-2026." However, the market was worth USD 11.36 billion in 2018. The market is set to gain momentum from the rising number of deep space exploration and human spacecraft projects.

Upsurging Deployment of Small Satellites to Drive Growth

SpaceX, a renowned aerospace company, recently announced that it has scheduled the launch of 30 rockets from the period of 2020 to 2021. Such an effort is expected to propel the small-satellite industry. These launches are cost-effective and easier as compared to the previous launches that were conventional. One of the major aspects of launching small satellites is that they can carry out regular missions for the U.S. military, as well as for the International Space Station (ISS). Therefore, the rising deployment of small satellites, such as CubeSat, is anticipated to augment the Space Launch Services Market growth during the forthcoming years.

Like it? Share it!

Rushikesh Pise

About the Author

Rushikesh Pise
Joined: November 4th, 2019
Articles Posted: 81

More by this author