Space Logistics Market Size, Share Report, Analysis, Trends, Growth 2032

Space Logistics Industry Prospective:

The global space logistics market size was evaluated at $5.12 billion in 2023 and is slated to hit $21.14 billion by the end of 2032 with a CAGR of nearly 17.06% between 2024 and 2032.  

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Space Logistics Market: Overview

Space logistics is also referred to as space transportation and it includes management & transport of products, tools, and people to & from space. Reportedly, space logistics is the theory and practice of driving space system design for support & operations along with effectively handling the flow of services, information, and material throughout a space lifecycle. Reportedly, it consists of terrestrial logistics that aid space travel and help in the movement of people in space.

Key Insights

• As per the analysis shared by our research analyst, the global space logistics market is projected to expand annually at the annual growth rate of around 17.06% over the forecast timespan (2024-2032).
• In terms of revenue, the global space logistics market size was evaluated at nearly $5.12 billion in 2023 and is expected to reach $21.14 billion by 2032.
• The global space logistics market is anticipated to grow rapidly over the forecast timeline owing to a surge in space exploration activities, the launching of new satellites, and a rise in other space-driven events.
• In terms of product type, the spacecraft & satellites systems segment is slated to register the highest CAGR over the forecast period.
• Based on operation, the exporters segment is predicted to dominate the segmental space in the years to come.
• Region-wise, the Asia-Pacific space logistics industry is projected to register the fastest CAGR during the projected timespan.

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Space Logistics Market: Growth Factors

Humungous popularity of LEO-based satellite solutions will spur the market growth globally by 2032

Escalating demand for LEO-based satellite services by private firms will steer the expansion of the global space logistics market. A surge in space exploration activities, the launching of new satellites, and a rise in other space-driven events will spur global market trends. An increase in the demand for seamless web connectivity is likely to create a new space of growth for the global market. Furthermore, the thriving space tourism sector will contribute immensely towards the global market proceeds in the coming years.

Space Logistics Market: Restraints

Escalating prices of space logistics can hamper the growth of the global industry over forecast timeline

Growing costs of space logistics along with an increase in emissions from these products can put brakes on the global space logistics industry expansion.  A surge in the stifled interoperability issues can hinder the expansion of the space logistics industry across the globe. The lack of a skilled workforce and less adaptability to innovative technologies can further impede global industry trends.     

Space Logistics Market: Opportunities

Introduction of commercial space activities to open slew of opportunities for the global market

Launching of commercial space travel activities owing to a rise in space tourism and space mining activities will open new avenues of growth for the global space logistics market. Additionally, the escalating requirement of enhancing weather services web abilities and development of SSA equipment will promote the expansion of the global market. Moreover, the necessity for improving surveillance & tracking activities to ensure the proper functioning of satellites is anticipated to steer the global market expansion.        

Space Logistics Market: Challenges

Non-uniformity in protocols can hamper the expansion of the global industry over coming years

Different protocols set by different countries regulating the manufacture and use of space logistics have resulted in non-uniformity of the protocol application across the globe, thereby posing a huge threat to the expansion of the global space logistics industry.   

Space Logistics Market: Segmentation

The global space logistics market is divided into payloads, operations, and regions.                                         

In payloads terms, the space logistics market across the globe is divided into spacecraft & satellite systems, cargo & material, and other segments. Furthermore, the spacecraft & satellite systems segment, which accumulated approximately 54% of the global market revenue in 2023, is expected to record the fastest rate of growth in the forecast timeline. The expansion of the segment in the next eight years can be attributed to escalating requirements of remote sensing, proficient data connection, and global positioning solutions. Apart from this, the emergence of new apps such as asteroid mining will further boost the segmental surge over the coming years.

On the basis of operation, the global space logistics industry is segmented into last-mile logistics, on-orbit servicing assembly & manufacturing, active debris removal, space situational awareness, and space exploration segments. Additionally, the space situational awareness segment, which acquired the largest share of the global industry in 2023, is projected to lead the segmental sphere in the years ahead. The segmental expansion from 2024 to 2032 can be a result of the humungous need for lowering earth orbit solutions. In addition to this, space situational awareness comprises tracking & monitoring objects in space encompassing active satellites and debris and substances posing a risk to spacecraft.

Space Logistics Market: Report Scope

Space Logistics Market: Regional Insights

North America is expected to maintain the leading position in the global space logistics market in the upcoming years

North America, which contributed to nearly three-fourths of the global space logistics market revenues in 2023, is set to lead the global market in the coming few years. Moreover, the regional market expansion in the next few years can be subject to a rise in satellite launches from countries such as the U.S. In addition to this, escalating hiring of LEO-based satellite solutions along with strict laws governing space travel in countries such as the U.S. will spur regional market trends.

Asia-Pacific space logistics industry is expected to record the highest CAGR in the forecast timeframe. The elevation of the industry in the APAC zone over the coming eight years can be credited to a rise in the fund allocation to space exploration activities in countries such as China, India, Japan, and South Korea. Apparently, a surge in space flights & space travel missions such as Gaganyaan planned by countries such as India will steer the growth of the industry in the APAC.

Key Developments

• In the second half of 2022, Yusen Logistics Company declared the setting up of a warehouse & distribution unit for constantly producing key space logistics for the defense sector.
• In the second half of 2022, S-Orbit, a space logistics company, entered into a $2 million contract agreement with the European Space Agency to upgrade the manufacture of the ION satellite carrier.

Space Logistics Market: Competitive Space

The global space logistics market profiles key players such as:

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

The global space logistics market is segmented as follows:

By Product Type

• Spacecraft & Satellites Systems
• Cargo & Material
• Others

By Operation

• Last Mile Logistics
• On-Orbit Servicing Assembly & Manufacturing
• Active Debris Removal
• Space Situational Awareness
• Space Exploration

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa