According to a report titled "Space Launch Services Market, 2024-2029" by Fortune Business Insights™, the global space launch services market witnessed substantial growth, with a value of USD 12.42 billion in 2021, soaring to USD 31.90 billion in 2022. Projections suggest a continued upward trajectory, reaching USD 38.34 billion by 2029, with an impressive compound annual growth rate (CAGR) of 12.25% throughout the forecast period. This growth is attributed to the increasing adoption of 3D printing technology in the space sector, coupled with rapid advancements in the modernization of 3D printed rocket engines, which are driving market expansion.

Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessinsights.com/industry-reports/space-launch-services-market-101931

List of Key Players 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 (ULA) (U.S.)
• Space International Services (U.S.)
• Space Exploration Technologies Corp. (Space X) (U.S.)
• Mitsubishi Heavy Industries, LTD. (Japan)
• Northrop Grumman Systems Corporation (U.S.)
• Eurockot Launch Service Provider (Germany)
• Blue Origin Enterprises, L.P. (U.S.)
• Spaceflight Industries (U.S.)

Segmentation

By payload, the market is segmented into satellite, stratollite, cargo, human spacecraft, and testing probes. As per orbit type, it is classified into GEO, beyond GEO, LEO, and MEO. Based on launch platform, it is categorized into land, air, and sea. As per vehicle type, it is bifurcated into medium-to-heavy lift launch vehicle and small lift launch vehicle. By end-user, it is divided into commercial and military & government. Geographically, it is clubbed into North America, Europe, Asia Pacific, and the Rest of the World.