Global Space Launch Market Projected to Reach $29.6 Billion by 2027
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The global space launch services market was valued at $16.9 billion in 2022 and is projected to reach $29.6 billion by 2027, growing at a compound annual rate of 15.1%. Companies, including Rocket Lab Corporation, are currently operating from the Kennedy Space Center.
From prnewswire.com
Why it matters
This growth is fueled by rising demand for payload launches from commercial and government customers, including satellite constellations and defense programs. The industry is also looking at air-launch methods, which use aircraft to carry rockets and offer flexibility outside of fixed pads and narrow weather windows.
From prnewswire.com
Who's involved
- Rocket LabAerospace manufacturer and launch service provider operating from the Kennedy Space Center
- Kennedy Space CenterUS space launch site in Florida where various companies operate
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Federal Aviation AdministrationSpeculative
The rise of air-launch might require increased regulatory oversight and licensing by the Federal Aviation Administration.
Growing launch demand could increase the value and necessity of Kennedy Space Center services utilized by National Aeronautics and Space Administration.
Keep exploring
The entities involved
-
Rocket Lab
U.S. & New Zealand aerospace manufacturer and launch service provider
-
Kennedy Space Center
US space launch site in Florida