Space Logistics Market Size | USD 17.26 Bn. 2024-2030 Forecast | Northrop Grumman

kalpesh rajput

Apr 23, 2024 • 2 min read

Space Logistics Market Poised for Takeoff: Expected to Reach US$17.26 Billion by 2030 at a CAGR of 18.3%

The space logistics market is on a trajectory for significant growth, with a projected value of US$17.26 billion by 2030. This represents a compound annual growth rate (CAGR) of 18.3% from 2024, according to a new report by Maximize Market Research (MMR).

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Market Overview

The space industry is experiencing a boom, driven by factors like increasing space exploration activities, satellite constellation deployments, and a growing need for on-orbit servicing. This surge in space activity is fueling the demand for reliable and efficient space logistics solutions.

Market Scope

The MMR report offers a comprehensive analysis of the space logistics market, examining key trends, opportunities, and challenges. It also delves into the various segments that comprise the market, including:

Operations: Space situational awareness, Space exploration, Active debris removal, On-orbit servicing assembly and manufacturing, Last-mile logistics
Payloads: Spacecraft and Satellites Systems, Cargo and Material, Others

Segmentation Provides Options for Diverse Needs

The space logistics market caters to a wide range of requirements through its operation and payload segmentation. From monitoring space debris to delivering critical parts for satellite repair, space logistics solutions are becoming increasingly crucial for mission success.

Key Players Charting the Course

The space logistics market landscape is home to a blend of established and emerging players. Some of the key players identified in the MMR report include:

Boeing
Lockheed Martin
Airbus Defense and Space
Northrop Grumman
Orbital ATK
SpaceX
Blue Origin
Sierra Nevada Corporation
Thales Alenia Space
Mitsubishi Heavy Industries (MHI)
Honeywell International
Dynetics
Virgin Galactic
Rocket Lab
RUAG Space
Arianespace
NanoRacks
Bigelow Aerospace
Astrobotic Technology
Firefly Aerospace

Addressing Challenges in a Booming Industry

While the space logistics market presents exciting possibilities, there are challenges to navigate. The MMR report explores these challenges and how industry players are working towards solutions.

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