Space Launch Services Market Worth 27.18 Billion USD by 2025
New York, NY, Jan-30, 2020 / (Aerospace NEWS)--
According to the new research report "Space Launch Services Market by
Service Type (Pre-Launch, Post-Launch), Payload (Satellite, Human
Spacecraft, Cargo, Testing Probes, Stratollite), End User, Orbit, Launch
Vehicle Size, Launch Platform, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the market is estimated to be USD 8.88 Billion in 2017 and is projected to reach USD 27.18 Billion
by 2025, at a CAGR of 15.01% during the forecast period. The increase
in demand for small satellites, rise in space exploration activities,
and technological advancements to develop low-cost launch vehicles are
key factors driving the growth of the space launch services market.
Browse 70 market data Tables and 46 Figures spread through 155 Pages and in-depth TOC on "Space Launch Services Market - Global Forecast to 2025"
Based on service type, the pre-launch segment is expected to lead the space launch services market during the forecast period
Based
on service type, the pre-launch segment is expected to lead the space
launch services market from 2017 to 2025. The growth of the pre-launch
services segment can be attributed to an increase in the number of
launch service providers and reduction in the price of launch and
integration services that include flight hardware support and mission
management. In addition, technological advances in space systems have
led to expanding the capabilities of payloads, thereby contributing to
the growth of the pre-launch services segment of this market.
Based
on payload, the satellite segment of the space launch services market
is projected to grow at the highest CAGR during the forecast period
Based
on payload, the satellite segment of the space launch services market
is expected to grow at the highest CAGR from 2017 to 2025. The increased
demand for Earth observation and communication satellites has led to
the growth of the satellite segment. These satellites are intended for
monitoring the Earth's surface to obtain valuable information for
mapping, mineral exploration, land-use planning, and resource
management, among other activities.
Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=132122845
Based
on launch vehicle size, the small lift launch vehicle segment is
projected to lead the space launch services market during the forecast
period
Based
on launch vehicle size, the small lift launch vehicles segment is
projected to lead the space launch services market from 2017 to 2025.
The increasing deployment of small satellites for commercial and
military applications and rising investments for the development of
small launch vehicles are factors contributing to the growth of the
small lift launch vehicles segment of the space launch services market.
North America is estimated to account for the largest share of the space launch services market in 2017
North America
is estimated to lead the space launch services market in 2017. The
increasing demand for launch services for satellites, human spacecraft,
and space probes is projected to drive the growth of the space launch
services market in North America. In
addition, increased investments in space probe missions are further
contributing to the growth of the space launch services market in this
region.
Inquiry Before Buy @
Antrix Corporation (India), Arianespace (France), Boeing (US), China Great Wall Industry Corporation (China), EUROCKOT (Germany), ILS International (US), Lockheed Martin (US), Mitsubishi Heavy Industries (Japan), Orbital ATK (US), Space Exploration Technologies (US), Space International Services (Russia), Spaceflight (US), Starsem (France) and United Launch Alliance (US) are key players operating in the space launch services market.
Mr. Shelly Singh
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
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