PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1617198
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1617198
According to Stratistics MRC, the Global Space Logistics Market is accounted for $5.92 billion in 2024 and is expected to reach $21.43 billion by 2030 growing at a CAGR of 18.2% during the forecast period. Space logistics refers to the planning, coordination, and management of resources and systems required to support space missions. It involves the transportation, storage, and delivery of spacecraft, satellites, and supplies to and from space. Space logistics also covers aspects such as fuel, spare parts, and scientific instruments, ensuring the timely and safe execution of space operations, from satellite deployment to interplanetary exploration.
According to UBS report, more than 500 individuals signed up, each prepared to pay roughly $250,000 for tickets to suborbital space journeys on the VSS Unity in New Mexico in 2019.
Increased focus on space station operations
Increased focus on space station operations, particularly the International Space Station (ISS) drives demand for regular resupply missions, cargo delivery, and crew transportation. As countries and private entities expand space station research, the need for continuous support services-such as sending food, equipment, fuel, and scientific materials-intensifies. Furthermore, future plans for lunar and Mars habitats will increase the scope for space logistics, promoting innovations in spacecraft, cargo management, and interplanetary supply chains, fueling market expansion.
Risk of space debris
The risk of space debris in space logistics arises from defunct satellites, spent rocket stages, and other discarded objects accumulating in Earth's orbit. This debris poses a threat to operational spacecraft, including cargo transport vehicles, potentially causing collisions or damage. As space traffic increases, the likelihood of debris-related accidents rises, making it essential to implement costly mitigation measures. This risk hampers market growth by increasing operational expenses, delaying missions, and prompting regulatory challenges.
Expansion of space tourism
As companies like SpaceX, Blue Origin, and Virgin Galactic advance in space tourism, they require specialized logistics for crew transport, equipment, and passenger accommodations in space. This includes the development of reusable spacecraft, passenger safety systems, and in-orbit facilities. Additionally, the growing interest in space tourism drives innovations in space infrastructure, creating new opportunities for logistics providers to support spacecraft launches, maintenance, and cargo delivery for commercial space flights, which thereby accelerates the market growth.
High operational costs
High operational costs in space logistics stem from the expensive nature of spacecraft manufacturing, rocket launches, fuel, and maintenance. Developing and maintaining infrastructure for space missions requires significant investment, especially for reusable launch vehicles and advanced cargo systems. Additionally, safety measures, regulatory compliance, and specialized personnel contribute to the high costs. The high costs slow down market expansion and limit accessibility, particularly in emerging space markets.
Covid-19 Impact
The covid-19 pandemic temporarily disrupted the space logistics market by delaying launches, impacting supply chains, and hindering the movement of materials and personnel due to travel restrictions. However, the pandemic accelerated digital transformation and innovation in space logistics, with increased reliance on autonomous systems and virtual collaboration. As recovery progresses, the market is rebounding, with renewed interest in space exploration and satellite deployment.
The cargo resupply segment is expected to be the largest during the forecast period
The cargo resupply segment is predicted to secure the largest market share throughout the forecast period. Space logistics in cargo resupply involves the transportation of essential supplies, equipment, and scientific materials to space stations, satellites, and other space missions. Cargo resupply logistics are crucial for maintaining long-term space exploration, enabling sustained human presence in space and supporting scientific research and satellite operations.
The research institutions segment is expected to have the highest CAGR during the forecast period
The research institutions segment is anticipated to witness the highest CAGR during the forecast period. Space logistics in research institutions focuses on transporting scientific equipment, experiments, and materials to space for research purposes. Research institutions rely on space logistics for precise delivery of sensitive instruments, data collection systems, and other research tools. Efficient logistics enable advancements in space science and other fields, supporting long-term space exploration and the development of new technologies.
Asia Pacific is expected to register the largest market share during the forecast period driven by increasing investments in space exploration, satellite deployment, and commercial space ventures. Countries like China, India, Japan, and South Korea are leading the region's space initiatives, with a focus on advancing space technology, satellite services, and interplanetary missions. The region is also home to growing private space companies, which are pushing innovation in reusable rockets and autonomous spacecraft. As space infrastructure and research capabilities improve, Asia Pacific is emerging as a key player in global space logistics.
North America is projected to witness the highest CAGR over the forecast period fuelled by strong government investment and private sector innovation. The United States, through NASA and private companies like SpaceX, Blue Origin, and Rocket Lab, is at the forefront of space exploration, satellite deployment, and cargo resupply missions. The region's robust infrastructure, technological advancements in reusable rockets, and expanding space tourism initiatives are boosting the demand for efficient logistics.
Key players in the market
Some of the key players profiled in the Space Logistics Market include SpaceX, Northrop Grumman Innovation Systems, Lockheed Martin, Boeing, Thales Alenia Space, Airbus Defence and Space, Impulso.Space, Spaceflight Industries, Sierra Nevada Corporation, Arianespace, Blue Origin, Orbital Sciences Corporation, Rocket Lab, Astroscale, ExPace, Iridium Communications and Maxar Technologies.
In November 2024, Impulso.Space USA Corp. signed a multi-mission launch services contract with D-Orbit, reinforcing a longstanding collaboration that continues to elevate the scope of end-to-end space solutions. This agreement also includes multiple satellite launches as part of upcoming SpaceX Transporter Rideshare missions, with Impulso.Space providing comprehensive mission management services, including all logistical and technical support, from their state-of-the-art facility in Florida.
In February 2022, Northrop Grumman launched the mission robotic vehicle and mission extension pods. These technologies are designed to extend the life of satellites in orbit, reducing the need for new satellites and providing a sustainable, cost-effective solution for satellite maintenance.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.