(EMAILWIRE.COM, May 13, 2023 ) The total global market for the Space Logistics Market was valued at USD 4.5 Bn in 2022 and is expected to grow at a CAGR of 18.3 percent over the forecast period to reach USD 14.6 Bn by 2029. The report analyzed by Maximize Market Research, on the Space Logistics market, covers an extensive regional analysis and competitive landscape.
Space Logistics Market Report Scope and Research Methodology
The Space Logistics Market report provides a qualitative and quantitative analysis of market size, price, demand, mergers and acquisitions, supply chain, investment and expansion plans by key competitors, and predictions. The data for the report is collected by using both primary and secondary collection techniques for the analysis of the Space Logistics industry. SWOT is used to identify the threats and weaknesses of the market while PESTLE is used to employ the competitive intensity of the Space Logistics Market.
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Space Logistics Market Dynamics
The Space Logistics Market is driven by the increasing investment from the government as well as the private sector, the growing need for satellite networks and services for commercial purposes, rising research and development activities, the increase in space exploration missions, and increasing demand for LEO-based satellite services. The market growth is restrained by the high costs and technical challenges.
Space Logistics Market Regional Insights
In 2022, North America dominated the Space Logistics Market accounting for around 42 percent of the market share. The regional market is driven by the existence of key space agencies and private players including NASA, SpaceX, and Blue Origin. Europe is a significant player in the Space Logistics Market accounting for a market share of around 30 percent. The strong presence of the commercial space sector and involvement in the space exploration and scientific missions are the growth contributors to the regional market.
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Space Logistics Market Segmentation
Space situational awareness
Active debris removal
On-orbit servicing assembly and manufacturing
Last mile logistics
Spacecraft and Satellites Systems
Cargo and Material
Space Logistics Key Players include:
Airbus Defense and Space
Space Exploration Technologies (SpaceX)
Sierra Nevada Corporation
Thales Alenia Space
Mitsubishi Heavy Industries
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