Fatpos Global has released a report titled “Space Launch Services Market - Analysis of Market Size, Share & Trends for 2021 – 2022 and Forecasts to 2032” which is anticipated to reach USD 48.1 billion by 2032. According to a study by Fatpos Global, the market is expected to portray a CAGR of 14.5% between 2022 and 2032. According to the market research study, the expansion of space and Research & Development initiatives are expected to boost the growth of the Space Launch Services Market.

The market research study on Space Launch Services Market includes in-depth insights such as:

• Space Launch Services Market in North America held the largest market share in the year 2021.
• Space Launch Services Market is classified based on the Orbit Type into Geosynchronous Orbit (GEO), Beyond GEO, Low Earth Orbit (LEO) and Medium Earth Orbit (MEO).
• Space Launch Services Market is classified based on the Service Type into Pre-launch, Post-launch.
• Space Launch Services Market is classified based on the Payload into Satellite, Human Spacecraft, Cargo, Stratollite and Testing Probes.
• Space Launch Services Market is classified based on the Vehicle Type into Medium-to-Heavy Lift Launch Vehicle, Small Lift Launch Vehicle.
• Space Launch Services Market is classified based on the Launch Platform into Sea, Land and Air.
• Space Launch Services Market is classified based on the End-User into Commercial, Government and Military, Private Companies, Space Agencies, Others.
• The increasing importance of space launch services is expected to drive the growth of the Space Launch Services Market.

“The rising interest towards Satellites is expected to boost the growth of the Space Launch Services Market”, said a lead analyst at Fatpos Global.

Space launch services are the services provided for the launch of rockets for exploring the universe and even for relieve a satellite into the earth's orbit. The market for space launch services include many operations like launch of infrastructure, payload integration, and assembly launch. The count of improvement contracts between NASA and various significant corporations to remodel the vehicle initiation and equipment has grown.

Space Launch Services Market is classified based on the Payload into Satellite, Human Spacecraft, Cargo, Stratollite and Testing Probes. Satellite segment is expected to dominate the market in the forecast period owing to the increasing demand for satellites for different areas like scientific research, navigation, communication and Earth observation which created growth opportunity for the market. The demand for high-resolution is driving the progress of new remote sensing technologies and boosting the growth of the segment in the market.

Key Players in the Market

Some of the key players operating in the Space Launch Services Market are Antrix Corporation Limited, United Launch Alliance, Spaceflight Industries, ArianeGroup SAS, Lockheed Martin Corporation, Space Exploration Technologies Corp., Blue Origin Enterprises, L.P., Northrop Grumman Systems Corporation, China Great Wall Industry Corporation, Mitsubishi Heavy Industries, LTD and Other Prominent Players.

Get Valuable Insights into Market

In the latest market study conducted by Fatpos Global thrives to present an unbiased analysis of the Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2022-2032. The study includes compelling insights into growth that is witnessed in the Market. Space Launch Services Market is classified based on the Orbit Type into Geosynchronous Orbit (GEO), Beyond GEO, Low Earth Orbit (LEO) and Medium Earth Orbit (MEO). Space Launch Services Market is classified based on the Service Type into Pre-launch, Post-launch. Space Launch Services Market is classified based on the Payload into Satellite, Human Spacecraft, Cargo, Stratollite and Testing Probes. Space Launch Services Market is classified based on the Vehicle Type into Medium-to-Heavy Lift Launch Vehicle, Small Lift Launch Vehicle. Space Launch Services Market is classified based on the Launch Platform into Sea, Land and Air. Space Launch Services Market is classified based on the End-User into Commercial, Government and Military, Private Companies, Space Agencies, Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa.