Space Launch Services Market Key Players, Trends and Forecast Report 2030
Future of Executive Summary Space Launch Services Market: Key Dynamics, Size & Share Analysis
The Global Space Launch Services Market size was valued at around USD 15.2 billion in 2024 and is projected to reach USD 35 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 14% during the forecast period, i.e., 2025-30. This is because the number of payloads sent to space is continuously increasing. These payloads include communication & navigation satellites, human space crafts, cargo for the International Space Station, etc., from various private and public organizations. As a result, the demand for launch vehicles increases to ensure their safe and fast transport.
Top Market Challenges Impacting the Space Launch Services Market Growth
Manufacturing of Robust Launching Vehicles – There is a high need for robust rockets that can transport the payloads safely to their destinations. As payloads such as satellites & space…