Space Launch Services Market is projected to reach $27.18 Billion by 2025 | Marketsandmarkets

[156 Pages Report] The space launch services market was valued at USD 8.67 Billion in 2016 and is projected to reach USD 27.18 Billion by 2025, at a CAGR of 15.01% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2025.

To Know More 

https://www.marketsandmarkets.com/requestsampleNew.asp?id=132122845

Scope of the Report

• This research report categorizes the space launch services market into the following segments and subsegments:

• Space Launch Services Market, By Service Type
  • Pre-Launch Services
    • Launch Acquisition & Coordination
    • Management Services
    • Integration & Logistics
    • Tracking Data and Telemetry Support
    • Insurance
  • Post Launch Services
    • Launch and Early Operations Phase (LEOP)
    • Resupply Missions
    • Stabilization
    • Others
• Space Launch Services Market, By Payload
  • Satellite
    • Small Satellite (1kg – 500kg)
      • Nanosatellite (1kg – 10kg)
      • Microsatellite (10kg – 100kg)
      • Minisatellite (100kg – 500kg)
    • Medium Satellite (501kg – 2500kg)
    • Large Satellite (>2500)
  • Human Spacecraft
  • Cargo
  • Testing Probes
  • Stratollite
• Space Launch Services Market, By Orbit
  • LEO
    • By Payload
  • MEO
    • By Payload
  • GEO
    • By Payload
  • Beyond GEO
    • By Payload
• Space Launch Services Market, By Launch Platform
  • Land
  • Air
  • Sea
• Space Launch Services Market, By Launch Vehicle Size
  • Small Lift Launch Vehicles (<350,000 kg)
  • Medium-to-Heavy Lift Launch Vehicles (>350,000 kg)
• Space Launch Services Market, By End User
  • Commercial
    • Satellite Service Providers
    • Private Companies
  • Military & Government
    • Defense Organizations
    • Space Agencies
• Space Launch Services Market, By Region
• North America
• Europe
• Asia Pacific
• Rest of the World

The space launch services market is projected to grow from USD 8.88 Billion in 2017 to USD 27.18 Billion by 2025, at a CAGR of 15.01% during the forecast period. The increasing adoption of space launch services for satellites and testing probe application is one of the most significant factors driving the growth of the market. Furthermore, the introduction of space tourism is expected to provide lucrative growth opportunities to space launch service providers in the near future.

Based on payload, the satellite segment of the space launch services market is projected to grow at the highest CAGR during the forecast period. The increasing demand for Earth observation and communication satellites is projected to drive the growth of the satellite segment. These satellites are intended for monitoring of the Earth’s surface to obtain valuable information for mapping, mineral exploration, land-use planning, and resource management, among other activities.

Based on orbit, the LEO segment is expected to lead the space launch services market from 2017 to 2025. Most space-related missions are targeted at Low Earth Orbit (LEO). The deployment of small satellites in space and increase in the number of spaceflights to deliver cargo to the International Space Station (ISS) are key factors contributing to the growth of the LEO segment of the services market.

Based on launch platform, the land segment is projected to lead the space launch services market during the forecast period, owing to an increase in the number of satellite launches from ground-based sites. The land platform is cost-effective and technologically upgraded as compared to other platforms.

To Know More 

https://www.marketsandmarkets.com/Market-Reports/space-launch-services-market-132122845.html

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