The global space launch services market was valued at USD 4.28 billion in 2023 and is expected to grow from USD 4.91 billion in 2024 to USD 10.98 billion by 2032, exhibiting a CAGR of 10.6% during the forecast period. In 2023, North America led the market with a 42.06% share, driven largely by U.S. activity. The U.S. market alone is projected to reach approximately USD 7,480.1 million by 2030, supported by favorable government regulations encouraging the development and deployment of launch services.
The market encompasses both commercial and governmental launch activities, involving the transportation of satellites, cargo, and crew into space. Growth is fueled by rising demand for satellite-based services, renewed interest in space exploration, and robust public-private investment. Technological advancements—such as reusable launch vehicles and miniaturized satellite systems—are reshaping the landscape, reducing costs, and expanding access to space.
These insights are detailed in the latest report by Fortune Business Insights™, titled "Space Launch Services Market Size, Share, and Forecast 2024–2032."
https://www.fortunebusinessinsights.com/industry-reports/space-launch-services-market-101931