How big is the Space Launch Services Market | Industry Analysis, Trends & Forecast 2031

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Code: MTA9179

Publication Date: Sep 2025

What is the size of Space Launch Services Market?

According to 6Wresearch internal database and industry insights, the Global Space Launch Services Market was valued at USD 14 Billion in 2024 and is expected to reach USD 35.93 Billion by 2031, growing at a compound annual growth rate of 4.80% during the forecast period (2025-2031).

The primary drivers of this growth in the Space Launch Services Market include increasing demand for satellite launches, advancements in reusable rockets, rising private investments, and increasing use of launch services in military applications, navigation, and communication.

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Growth Factors for the Space Launch Services Market

Increasing need for satellite deployment to support broadband and imaging.
Reusable rocket technology adoption leads to reduced launch costs.
Increase in commercial space missions and attached private funding.
Established small satellite launch capabilities create efficiencies.
Continued defense industry applications create demand for reliable and rapid launch services.

Space Launch Services Market Trends

The space launch services market trends suggest a clear move to reusable rocket technologies, miniaturized satellite applications, and commercial launch services. Organizations launch often, while controlling costs, allowing for the more rapid deployment of communications and navigation systems and efficiencies in terms of scheduling.

The trends also support the notion that commercial spacecraft, sustained propulsion technologies, and digital monitoring and operation systems are becoming more prevalent and improve certainty/accuracy. Enhanced and formal partnerships between defense organizations and launch service providers only bolster the market, as satellite constellations and established loyal customers have created more demand than supply.

Emerging Developments in the Space Launch Services Market

The space launch services market developments show increased innovation in reusable launch vehicles, heavy-lift capabilities, and rideshare models for multiple payloads. Companies are expanding launch facilities to cater to growing demand from commercial and defense customers. Additionally, the space launch services market developments highlight growth in space tourism launches, small satellite launch platforms, and next-generation propulsion systems.