![Europe Space Launch Services Market](https://www.skyquestt.com/assets/frontend/images/upcoming_reports_cover_image.jpg)
Report ID: UCMIR20S2009
Report ID:
UCMIR20S2009 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Europe is expected to have a significant share in the global space launch services market, with the regional market anticipated to grow at a compound annual growth rate (CAGR) of 11.7% during the projected period. Projections suggest that the worldwide space launch services market will witness substantial growth, increasing from USD 8.07 billion in 2022 to an estimated USD 20.54 billion by 2030. This growth is attributed to the increased adoption of space launch services, prompting significant R&D investments by key market players in the European region. For instance, the European Space Agency (ESA) allocated specific budgets to various space projects in January 2021, including allocations for human spacecraft, micro, and exploration, space transportation, and earth observation.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Airlines by segment aggregation, the contribution of the Airlines in Transportation and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIR20S2009