The space launch services market has an estimated value of $16.9 billion in 2022 and is projected to reach $29.6 billion by 2027, at a CAGR of 15.1% from 2022 to 2027, according to a new report by MarketsandMarkets. The growth of space launch services can be attributed to the increasing demand for payload launches from various end users, including commercial and government sectors, military organizations, space agencies, defense organizations, satellite operators, and private companies.