Space Launch Services Market Soaring at 17.2% CAGR to Hit $30 Billion By 2026

According to a new report added by Big Market Research, the global space launch services market is projected to reach $30.0 billion by 2026 and register a CAGR of 17.2% from 2019 to 2026. The report provides the newest industry data and industry future trends, allowing you to identify the key factors and end users driving revenue growth of the market.

Portland, OR, Nov. 19, 2019 (GLOBE NEWSWIRE) -- The report delivers several strategies of marketing followed by distributors and key players. It also lists the marketing channels, potential buyers, and development history of the space launch services market. The objective of global industry report is to offer information to the readers about global market insights and dynamics for forecast period.

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An overview of each market segments such as payload, launch platform, service type, launch vehicle, end-user, and region are offered in the report. By payload, the report classifies the market into satellite [(further segmented into small (less than 1,000 kg) and large satellite (above 1,000 kg)], human spacecraft, cargo, testing probes, and stratollite. Based on launch platform, the report divides the market into land, air, and sea. By service type, the report divides the market into pre-launch and post launch services. Furthermore, on the basis of launch vehicle, the report segments the market into small (less than 300 tons) and heavy (more than 300 tons). By end-users, the report classifies the market into government & military and commercial sectors. The market across various regions is analyzed in the report including Japan, European Countries, U.S., India, Russia, China, New Zealand, and rest of the world.

Additionally, the report presents drivers, limitations, and opportunities for the Global Space Launch Services Market, followed by industry news and policies. Factors such as increase in number of satellite and testing probe launches, rise in government investments and private funds are anticipated to drive the growth of market in coming years.

With all the basic and necessary data, the report also offers information about mergers, collaborations, technical developments, innovative business proposal, and revenue. The report is prepared after thorough analysis of the market by highly experienced professionals in market research and those having vast knowledge about the global space launch services market.

Lastly, the research report profiles some of the leading companies in the industry. It mentions their strategic initiatives and offers a brief about their business. The key players profiled in this report include:

  • Northrop Grumman Corp.
  • Mitsubishi Heavy Industries
  • China Aerospace Science and Technology Corporation
  • Antrix Corporation Ltd.
  • S7 Space (Sea Launch)
  • State Space Corporation ROSCOSMOS
  • Lockheed Martin Corp. (United Launch Alliance)
  • The Boeing Company (United Launch Alliance)
  • Rocket Lab USA
  • Starsem
  • And others

Analysts have also stated the research and development activities of these companies and provided complete information about their existing products and services.

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