SAN FRANCISCO, July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Space Launch Services - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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What's New for 2022?
- Global competitiveness and key competitor percentage market shares
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Edition: 7; Released: January 2022
Executive Pool: 3222
Companies: 46 - Players covered include Antrix Corporation Ltd.; Arianespace SA; Blue Origin; Boeing Company, The; China Great Wall Industry Corporation; Eurockot Launch Services GmbH; Ils International Launch Services, Inc.; Isc Kosmotras; Lockheed Martin Corporation; Mitsubishi Heavy Industries Ltd.; Orbital ATK, Inc.; Spaceflight Industries, Inc.; Spacex; United Launch Services, LLC. and Others.
Coverage: All major geographies and key segments
Segments: Orbit (LEO, MEO, GEO); Payload (Satellite, Human Spacecraft, Cargo, Testing Probes, Stratollite); Service (Pre-Launch, Post-Launch)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Space Launch Services Market to Reach $26.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Space Launch Services estimated at US$11.5 Billion, is projected to reach a revised size of US$26.1 Billion by 2026, growing at a CAGR of 14.5% over the analysis period. Pre-Launch, one of the segments analyzed in the report, is projected to record a 14.7% CAGR and reach US$16.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Post-Launch segment is readjusted to a revised 14.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4 Billion in 2021, While China is Forecast to Reach $4.6 Billion by 2026
The Space Launch Services market in the U.S. is estimated at US$4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2026 trailing a CAGR of 13.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.8% and 12.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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