Space Launch Services Market Revenue, Trends, Growth Factors, Region And Country Analysis & ForecastJune 17, 2022 ⚊ 1 Min read ⚊ Views 96 ⚊ NEWS
Global space launch services market size reached USD 6.59 billion in 2021 and is expected to register a revenue CAGR of 14.6% during the forecast period, according to latest analysis by Emergen Research. Rising demand for small satellites and for satellite data are some key factors expected to continue to drive market revenue growth over the forecast period.
Small satellites are cost-effective and reduce time for manufacturing and launch into orbit. These satellites are normally launched as a group and that mitigates risks of failure and allows for multiple points of data collection.