Global Medium and Heavy-Lift Launch Vehicle Market Report 2022: Steadily Growing Number of Satellite Operators in the Space Industry Driving Growth - ResearchAndMarkets.com
The "Medium and Heavy-Lift Launch Vehicle Market - A Global and Regional Analysis: Focus on End User, Subsystem, Payload, Launch Vehicle Class, and Country - Analysis and Forecast, 2022-2032" report has been added to ResearchAndMarkets.com's offering
DUBLIN--(BUSINESS WIRE)--Nov 16, 2022--
The "Medium and Heavy-Lift Launch Vehicle Market - A Global and Regional Analysis: Focus on End User, Subsystem, Payload, Launch Vehicle Class, and Country - Analysis and Forecast, 2022-2032" report has been added to ResearchAndMarkets.com's offering.
The global medium and heavy-lift launch vehicle market is estimated to reach $9.75 billion in 2032 from $6.45 billion in 2021, at a growth rate of 3.90% during the forecast period 2022-2032. The growth in the global medium and heavy-lift launch vehicle market is expected to be driven by increasing space budgets of countries across the globe. The governments of the U.S., Russia, France, Germany, Italy, China, Japan, South Korea, and India are among the top spenders in the global space sector. In 2021, global government expenditure for space programs was over $92 billion, a 10.7% increase in Y-o-Y from 2020. The U.S. is the highest spender across the globe, followed by China. With an increase in space spending, the spending on launch vehicle manufacturing is expected to rise.
Market Lifecycle Stage
