Space Launch Services Market

MarketsandMarkets: The space launch services market is estimated at USD 16.9 billion in 2022 and is projected to reach USD 29.6 billion by 2027, at a CAGR of 15.1% during the forecast period. The growth of space launch services can be attributed to the increasing demand for payload launches from various end users, including commercial and government sectors, military organizations, space agencies, defense organizations, satellite operators, and private companies. SpaceX (US), Arianespace (France), China Aerospace Science and Technology Corporation (China), United Launch Alliance (US), and Northrop Grumman Corporation (US) are the leading players in the market.

Major Space Launch Services Companies Include:

• SpaceX (US)
• Arianespace (France)
• China Aerospace Science and Technology Corporation (China)
• United Launch Alliance (US)
• Northrop Grumman Corporation (US)

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SpaceX (US): SpaceX is a global leader in space launch services. The company offers light, medium, and heavy lift launch vehicles to place satellites/spacecraft at any altitude and inclination from the low earth orbit to geosynchronous orbit to planetary missions. It provides launch vehicles and satellites intended to increase the launch vehicle capability and reduce the cost of manned and unmanned space transportation. The company has launch facilities at Cape Canaveral Air Force Station, Florida (US), Kennedy Space Center, Florida (US), and Vandenberg Air Force Base, California (US). It has a rocket-development facility in McGregor, Texas (US).

Arianespace (France): Arianespace provides launch services for all types of satellites to place them in different orbits. It has placed more than 550 satellites in orbits, using its family of three space launchers, Ariane 5, Ariane 6, and Soyuz, from launch sites in French Guiana (South America) and Baikonur (Kazakhstan). The company has a diverse portfolio of launch vehicles, which include the heavy-lift Ariane 5 for dual launches to geostationary transfer orbit, the Soyuz-2, which is used as a medium-lift alternative launch vehicle, and the solid-fueled Vega for light payloads. The company has its presence in France, US, Japan, and Singapore.

China Aerospace Science and Technology Corporation (China): China Aerospace Corporation (CASC) engages in the development, design, production, and launch of space systems, including launchers, satellites, manned spacecraft, strategic and tactical missiles, and worldwide commercial satellite launch services. It is building a new aerospace industrial system in 2022 to expedite the development of its companies, which will span space systems, military systems, aerospace technology applications, and aerospace services. It has worked to foster collaboration and communication, committed itself to innovation, experienced pioneering growth, and established itself as a leading international aerospace enterprise group, adding new insights to the process of national modernization and the peaceful exploration of space.

United Launch  Alliance (US): United Launch Alliance (ULA), a subsidiary of United Launch Alliance, is a 50-50 joint venture of Lockheed Martin and the Boeing Company. The company offers launch services using Atlas and Delta launch vehicles. It offers reliable and cost-effective space launch services for space missions of the US Department of Defense, NASA, and the National Reconnaissance Office, among others.

Northrop Grumman Corporation (US): Northrop Grumman Corporation is an aerospace & defense technology company that is considered one of the prime manufacturers of defense products for the US military. Northrop Grumman Corporation has expertise in engineering, information technology, electronics, military systems, software engineering, supply chain solutions, manufacturing solutions, logistics, aerospace systems, defense applications, unmanned systems, C4ISR, cybersecurity, advanced electronics, directed energy, and space. The company offers customized space onboard computing platforms for agencies like NASA and the US Space Force. Northrop Grumman Corporation conducts most of its business with the US government, principally the Department of Defense (DoD) and the intelligence community.

Related Reports:

Space Launch Services Market by Payload (Satellite, Human Spacecraft, Cargo, and Space Probes), Service Type, End User(Commercial, Military and Government), Orbit, Launch Vehicle, Launch type and Region - Global Forecast to 2027

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