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Space Launch Services Market to Reach USD 20.54 Billion by 2030; Rising Number of Public and Private Space Missions to Boost Market Growth

May 29, 2023 | Aerospace & Defense

The global space launch services market size touched USD 8.07 billion in 2022 and is anticipated to be valued at USD 9.15 billion in 2023. The market share is predicted to reach USD 20.54 billion by 2030, recording a CAGR of 12.2% over 2023-2030.

Fortune Business Insights™ presents this information in its latest report titled “Space Launch Services Market Size, Share & COVID-19 Impact Analysis, By Orbit Type (LEO, MEO, GEO, and Others), By Launch Vehicle (Small Lift Launch Vehicle, Medium Lift Launch Vehicle, and Heavy Lift Launch Vehicle), By Payload (Satellite, Cargo, Human Spacecraft, and Testing Probes), and Regional Forecast, 2023-2030”.

Space launch services help end-users launch satellites, cargo, humans, and other payload to the earth’s orbit for space exploration activities. This market consists of many public and private companies that offer these services at different costs. There is a considerable growth in the number of modernization contracts between the National Aeronautics and Space Administration (NASA) and other leading organizations to modernize rockets and their equipment.

The NASA Launch Services Program (LSP) is also responsible for procuring space launch solutions for NASA's unmanned missions, overseeing launch integration & readiness activities, and offering additional quality & mission assurance to achieve the program's goals. The LSP operates under the NASA Space Operations Mission Directorate (SOMD). The high demand for space exploration programs is projected to expand the space launch services market share during the forecast period.

COVID-19 Pandemic Strained Supply Chain System and Decreased Demand for Space Launch Solutions

The COVID-19 outbreak adversely impacted the space industry, especially in areas such as satellite launches, launch vehicles, manned spacecraft, and post-launch services. Some of the prominent players reduced their daily operations, which changed the market landscape for new launches considerably.

In 2022, a severe dearth of microchips and other vital electronic components compelled operators to cancel the Defense Advanced Research Projects Agency's Blackjack mission. This mission aimed to test a new military communications network in the low earth orbit. During the first quarter of 2020, many reputed companies, such as Rocket Labs, stopped shipping their products. Similarly, the United Launch Alliance (ULA) proposed to delay the launch until 2022. These delays hampered the space launch vehicles market growth.

UAE and Russia to Sign Agreement to Promote Peaceful Space Operations and Boost Bilateral Ties

In October 2021, governments of the UAE and Russia inked a deal to promote the use of outer space for peaceful missions and fortify ties between the two countries. The agreement was signed during the 72nd International Space Congress (IAC) held in Dubai.

Rising Focus on Adoption of Innovative Launch Vehicles to Boost Market Growth

Technological innovations are gaining significant popularity in the global market. Many companies and research institutes are launching innovative products to meet industry needs and expand their presence in the space launch services field.

The market’s leading companies are also focusing on developing futuristic and reusable launch vehicles to reduce the overall cost and enhance usability of the rocket. For example, in July 2022, Ariane Group announced plans to develop a reusable space rocket financed by the European Commission (EC) through the Horizon Europe program. Advancements in spin launch and Starship might further decrease the per-kg launch cost and boost the global space launch services market growth.

To get a detailed report summary and research scope of this market, click here:


Competitive Landscape

Increase in Joint Ventures by Key Players to Boost the Market Growth

The global market has a notable presence of reputed companies such as Antrix Corporation Limited, United Launch Alliance, Ariane Group, SpaceX, and Roscosmos. Per-kg launch cost is a vital aspect in this market as these firms are trying to gain competitive edge over their rivals. Other factors, such as technological innovations and partnerships, will help these market players reduce overall cost and acquire more ride share missions.

Notable Industry Development:

  • December 2022– NASA selected Space Exploration Technologies (SpaceX) of Hawthorne, California to offer space launch services to its Sentinel-6B mission. The mission was a collaboration between NASA, ESA (European Space Agency), the National Oceanic and Atmospheric Administration, and the European Meteorological Satellite Agency.

List of the Companies Profiled in the Report:

  • Antrix Corporation Limited (India)

  • ArianeGroup SAS (France)

  • Lockheed Martin Corporation (U.S.)

  • China Great Wall Industry Corporation (China)

  • United Launch Alliance (U.S.)

  • Space Exploration Technologies Corp. (Space X) (U.S.)

  • Mitsubishi Heavy Industries, LTD. (Japan)

  • Northrop Grumman Systems Corporation (U.S.)

  • Spaceflight Industries (U.S.)

  • Roscosmos (Russia)

  • NASA (U.S.)

  • Jaxa (Japan)

  • CNSA (China)

Further Report Findings

  • Asia Pacific is likely to be fastest growing during the forecast period. The region is witnessing high demand for space launches for communication satellites, telecommunications, and surveillance applications from India, China, South Korea, and Japan.

  • Based on orbit type, the market is segmented into LEO, MEO, GEO, and others. The GEO segment is anticipated to witness considerable growth during the forecast timeframe due to robust demand for observational space research and laboratory research.

Table of Segmentation



Study Period


Base Year


Estimated Year


Forecast Period


Historical Period


Growth Rate

CAGR of 12.2% from 2023 to 2030


Value (USD Billion)


By Orbit Type, Launch Vehicle, Payload, and Region

By Orbit Type

  • LEO

  • MEO

  • GEO

  • Others

By Launch Vehicle  

  • Small Lift Launch Vehicle

  • Medium Lift Launch Vehicle

  • Heavy Lift Launch Vehicle


By Payload

  • Satellite

  • Cargo

  • Human Spacecraft

  • Testing Probes

By Geography


  • North America (By Orbit Type, Launch Vehicle, Payload, and Country)

    • U.S. (By Orbit Type)

    • Canada (By Orbit Type)

  • Europe (By Orbit Type, Launch Vehicle, Payload, and Country)

    • U.K. (By Orbit Type)

    • Germany (By Orbit Type)

    • France (By Orbit Type)

    • Russia (By Orbit Type)

    • Rest of Europe (By Orbit Type)

  • Asia Pacific (By Orbit Type, Launch Vehicle, Payload, and Country)

    • China (By Orbit Type)

    • Japan (By Orbit Type)

    • India (By Orbit Type)

    • South Korea (By Orbit Type)

    • Rest of Asia Pacific (By Orbit Type)

  • Middle East & Africa (By Orbit Type, Launch Vehicle, Payload, and Country)

    • UAE (By Orbit Type)

    • Saudi Arabia (By Orbit Type)

    • Israel (By Orbit Type)

    • South Africa (By Orbit Type)

    • Rest of the Middle East & Africa (By Orbit Type)

  • South America (By Orbit Type, Launch Vehicle, Payload, and Country)

    • Brazil (By Orbit Type)

    • Argentina (By Orbit Type)

    • Rest of South America (By Orbit Type)

Space Launch Services Market
  • PDF
  • 2022
  • 2019-2021
  • 180


  • 4850

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