India space launch services market size reached US$ 445.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,518.1 Million by 2032, exhibiting a growth rate (CAGR) of 13.50% during 2024-2032. The rising number of ongoing exploration activities for the utilization of space resources is primarily driving the market growth across the country.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032 |
Historical Years
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2018-2023
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Market Size in 2023 | US$ 445.3 Million |
Market Forecast in 2032 | US$ 1,518.1 Million |
Market Growth Rate (2024-2032) | 13.50% |
Space launch, or liftoff, denotes the initial phase of operations where a rocket or other vehicles, which may include airborne aircraft and floating ships, is vertically propelled from the ground. This intricate process encompasses a series of activities such as coordination, communication, stacking, assembly, and the integration of payload for launching spacecraft. These activities play a pivotal role in reducing launch costs and ensuring a seamless liftoff. Consequently, space launch services find widespread utilization by government entities, space organizations, and military agencies for conducting explorations in outer space. Currently, these services are classified into pre-launch and post-launch phases.
The India space launch services market is positioned as a critical sector within the nation's space exploration endeavors, marking significant strides in the pursuit of space-based activities. This intricate process encompasses a series of activities such as coordination, communication, stacking, assembly, and payload integration, all aimed at reducing launch costs and ensuring a smooth liftoff. Additionally, the application of space launch services in India extends across various sectors, with government entities, space organizations, and military agencies being primary users. Moreover, these services play a pivotal role in conducting galaxy explorations, satellite launches, and other space-related activities. Besides this, the India space launch services market is characterized by a commitment to advancing space technology and exploring new frontiers. The market is segmented into pre-launch and post-launch services, each playing a distinctive role in the overall space launch process. Furthermore, as India continues to enhance its capabilities in space exploration and satellite technology, the space launch services market is witnessing significant growth. Apart from this, with a focus on innovation, cost efficiency, and reliability, the Indian space launch services market is poised to contribute substantially to the nation's advancements in space science and technology in the coming years.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on payload, launch platform, service type, orbit, launch vehicle, and end user.
Payload Insights:
The report has provided a detailed breakup and analysis of the market based on the payload. This includes satellite (small satellite (less than 1000 kg) and large satellite (above 1000 kg)), human spacecraft, cargo, testing probes, and stratollite.
Launch Platform Insights:
A detailed breakup and analysis of the market based on the launch platform have also been provided in the report. This includes land, air, and sea.
Service Type Insights:
The report has provided a detailed breakup and analysis of the market based on the service type. This includes pre-launch and post-launch.
Orbit Insights:
A detailed breakup and analysis of the market based on the orbit have also been provided in the report. This includes low earth orbit (LEO) and medium earth orbit (MEO), geosynchronous orbit, and polar orbit.
Launch Vehicle Insights:
The report has provided a detailed breakup and analysis of the market based on the launch vehicle. This includes small launch vehicle and heavy launch vehicle.
End User Insights:
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes government and military and commercial.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Payloads Covered |
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Launch Platforms Covered | Land, Air, Sea |
Service Types Covered | Pre-Launch, Post-Launch |
Orbits Covered | Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geosynchronous Orbit, Polar Orbit |
Launch Vehicles Covered | Small Launch Vehicle, Heavy Launch Vehicle |
End Users Covered | Government and Military, Commercial |
Regions Covered | North India, West and Central India, South India, East and Northeast India |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |