Product ID: UCMIR20S2008
Report ID:
UCMIR20S2008 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The Middle East and Africa represent an increasingly expanding sector in the space launch services market, expected to exhibit a 9.1% Compound Annual Growth Rate (CAGR) throughout the forecast period. Projections indicate that the global space launch services market is set to surge from $8.07 billion in 2022 to $20.54 billion by 2030. The Middle East stands out as a dynamic region with substantial growth opportunities, continually pushing the boundaries in Earth observation, exploration, and mobile connectivity while actively shaping its space sector. Notably, the aerospace industry in the United Arab Emirates plays a pivotal role in the national economy, with a determined focus on crafting a robust and sustainable foundation for advanced space innovation and exploration through a long-term strategic plan.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Airlines by segment aggregation, the contribution of the Airlines in Transportation and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIR20S2008