South Korea Space Launch Services Market Size & Outlook
The space launch services market in South Korea is expected to reach a projected revenue of US$ 975.2 million by 2030. A compound annual growth rate of 19.9% is expected of South Korea space launch services market from 2024 to 2030.
- Aerospace, Defense & Space
- Aerospace Systems & Space Technology
- Space Launch Services Market Outlook
- Aerospace Systems & Space Technology
Revenue, 2023 (US$M)
$273.9
Forecast, 2030 (US$M)
$975.2
CAGR, 2024 - 2030
19.9%
Report Coverage
South Korea
South Korea Space Launch Services Market, 2018-2030 (US$M)
Global Market
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South Korea space launch services market highlights
- The South Korea space launch services market generated a revenue of USD 273.9 million in 2023 and is expected to reach USD 975.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 19.9% from 2024 to 2030.
- In terms of segment, pre-launch was the largest revenue generating service type in 2023.
- Pre-launch is the most lucrative service type segment registering the fastest growth during the forecast period.
Space launch services market data book summary
| Market revenue in 2023 | USD 273.9 million |
| Market revenue in 2030 | USD 975.2 million |
| Growth rate | 19.9% (CAGR from 2023 to 2030) |
| Largest segment | Pre-launch |
| Fastest growing segment | Pre-launch |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pre-launch, Post-launch |
| Key market players worldwide | Virgin Galactic Holdings Inc Shs A, Rocket Lab USA Inc, Mitsubishi Heavy Industries Ltd, China Aerospace International Holdings Ltd, Northrop Grumman Corp, Anterix Inc, Boeing Co, SpaceX, Blue Origin, United Launch Alliance, Arianespace, ExPace, Firefly Aerospace, Relativity Space, Orbital ATK, International Launch Services, Vector Launch, Spaceflight Industries, ISRO, NASA |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.8% of the global space launch services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China space launch services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,660.4 million by 2030.
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Space Launch Services Market Scope
Space Launch Services Market segmentation & scope
Space Launch Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Mitsubishi Heavy Industries Ltd | View profile | 86,331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | www.mhi.com |
| Virgin Galactic Holdings Inc Shs A | View profile | 805 | 1700 Flight Way, Tustin, CA, United States, 92782 | www.virgingalactic.com |
| Rocket Lab USA Inc | View profile | 1,650 | 3881 McGowen Street, Long Beach, CA, United States, 90808 | www.rocketlabusa.com |
| China Aerospace International Holdings Ltd | View profile | 7,208 | 18 Tak Fung Street, Hung Hom, Room 1103-1107A, One Harbourfront, Kowloon, Hong Kong, Hong Kong | www.casil-group.com |
| Northrop Grumman Corp | View profile | 101,000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | www.northropgrumman.com |
| Anterix Inc | View profile | 82 | 3 Garret Mountain Plaza, Suite 401, Woodland Park, NJ, United States, 07424 | www.anterix.com |
| Boeing Co | View profile | 171,000 | 929 Long Bridge Drive, Arlington, VA, United States, 22202 | www.boeing.com |
| SpaceX | View profile | 1001-5000 | Hawthorne, California, United States, North America | www.spacex.com |
| Blue Origin | View profile | 10001+ | Kent, Washington, United States, North America | www.blueorigin.com |
| United Launch Alliance | View profile | 1001-5000 | Centennial, Colorado, United States, North America | www.ulalaunch.com |
South Korea Space Launch Services Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Space Launch Services Market Outlook will help companies and investors design strategic landscapes.
Pre-Launch was the largest segment with a revenue share of 75.83% in 2023.
Horizon Databook has segmented the South Korea space launch services market based on pre-launch, post-launch covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Space Launch Services Market Service Type Outlook (Revenue, USD Million , 2018-2030)
- Pre-launch
- Post-launch
- South Korea Space Launch Services Market Payload Outlook (Revenue, USD Million , 2018-2030)
- Satellite
- Cargo
- Human Spaceflights
- Space Probes
- South Korea Space Launch Services Market Launch Platform Outlook (Revenue, USD Million , 2018-2030)
- Land
- Air
- Sea
- South Korea Space Launch Services Market Launch Type Outlook (Revenue, USD Million , 2018-2030)
- Re-usable
- Single Use
- South Korea Space Launch Services Market Launch Vehicle Outlook (Revenue, USD Million , 2018-2030)
- Small Launch Vehicle
- Medium to Heavy Launch Vehicle
- South Korea Space Launch Services Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Government
- Military
- Commercial
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Space Launch Services Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Space Launch Services Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Korea Space Launch Services Market, 2018-2030 (US$M)
South Korea space launch services market statistics, by service type, 2018-2030 (US$M)
