Summary

The South Korea space launch services market size reached USD 312.56 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 815.88 Million by 2033, exhibiting a growth rate (CAGR) of 11.25% during 2025-2033. The space launch market is driven by strong government investment aligned with national goals, emphasizing technological independence and global competitiveness. Rising commercial demand encourages private sector participation, boosted by regulatory support and incentives, fostering innovation, competition, and contributing to the expansion of the South Korea space launch services market share.

South Korea Space Launch Services Market Trends:
Government Investment and Strategic National Goals
The market for space launch services in South Korea is heavily influenced by significant government funding and a focused effort to enhance national space capabilities. Acknowledging that space exploration and satellite launch are essential for national security, technological independence, and global competitiveness, the governing body is focusing on cultivating domestic launch vehicles, improving infrastructure, and building collaborations with prominent research institutions. These initiatives closely match South Korea’s enduring aim of decreasing reliance on international launch services and positioning itself as a significant competitor in the worldwide space sector. In 2024, South Korea reached a significant milestone by revealing an ambitious initiative to raise its governmental space budget to 1.5 trillion won (around $1.1 billion) by 2027. Under the guidance of Minister Lee Jong-ho and a newly established space agency, this initiative marked a significant effort to surpass former technological constraints and enhance South Korea's status among top spacefaring countries. Alongside this financial investment, there are policies that promote public-private collaborations, creating a favorable environment where innovation can thrive and the commercialization of space technologies can speed up. This unified strategy guarantees steady financing, efficient regulatory assistance, and intersectoral cooperation, all of which are crucial for maintaining and growing the nation’s launch services industry. The government’s robust support not only accelerates technological progress but also establishes a basis for South Korea’s long-term goals in space exploration and industry dominance.
Rising Commercial Demand and Private Sector Involvement
The increasing commercial need for satellite-based services like telecommunications, earth observation, and navigation is a major factor supporting the South Korea space launch services market growth. With the growing reliance of companies on satellite technology for information, connectivity, and operational strategy, the demand for dependable and affordable launch solutions is rising. This request is motivating private firms in South Korea to engage more actively in the development of launch vehicles, space platforms, and necessary infrastructure. In 2025, Samsung took a major step by revealing intentions to venture into the space sector, emphasizing the creation of space infrastructure and components, which includes partnering with Seoul National University to research rocket launch pads. This strategic shift underscores how large companies are acknowledging space infrastructure as a potential, largely overlooked market with fresh business prospects that go beyond conventional areas. Samsung’s involvement exemplifies the wider movement of diversification in the private sector. Regulatory changes and government incentives are reducing entry barriers, promoting a more dynamic private space industry. The increasing participation of private firms is fostering a more varied and robust space economy in South Korea, enhancing competition, speeding up innovation, and broadening the nation’s position as a supplier of space launch services on both regional and international levels. This active commercial involvement is crucial for maintaining long-term expansion in the space launch industry.


South Korea Space Launch Services Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on payload, launch platform, service type, orbit, launch vehicle, and end user.
Payload Insights:
? Satellite
o Small Satellite (Less Than 1000 Kg)
o Large Satellite (Above 1000 Kg)
? Human Spacecraft
? Cargo
? Testing Probes
? Stratollite
The report has provided a detailed breakup and analysis of the market based on the payload. This includes satellite (small satellite (less than 1000 kg) and large satellite (above 1000 kg)), human spacecraft, cargo, testing probes, and stratollite.
Launch Platform Insights:
? Land
? Air
? Sea
A detailed breakup and analysis of the market based on the launch platform have also been provided in the report. This includes land, air, and sea.
Service Type Insights:
? Pre-Launch
? Post-Launch
The report has provided a detailed breakup and analysis of the market based on the service type. This includes pre-launch and post-launch.
Orbit Insights:
? Low Earth Orbit (LEO)
? Medium Earth Orbit (MEO)
? Geosynchronous Orbit
? Polar Orbit
A detailed breakup and analysis of the market based on the orbit have also been provided in the report. This includes low earth orbit (LEO), medium earth orbit (MEO), geosynchronous orbit, and polar orbit.
Launch Vehicle Insights:
? Small Launch Vehicle
? Heavy Launch Vehicle
The report has provided a detailed breakup and analysis of the market based on the launch vehicle. This includes small launch vehicle and heavy launch vehicle.
End User Insights:
? Government and Military
? Commercial
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes government and military and commercial.
Regional Insights:
? Seoul Capital Area
? Yeongnam (Southeastern Region)
? Honam (Southwestern Region)
? Hoseo (Central Region)
? Others
The report has also provided a comprehensive analysis of all the major regional markets, which include Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and others.

Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Key Questions Answered in This Report:
? How has the South Korea space launch services market performed so far and how will it perform in the coming years?
? What is the breakup of the South Korea space launch services market on the basis of payload?
? What is the breakup of the South Korea space launch services market on the basis of launch platform?
? What is the breakup of the South Korea space launch services market on the basis of service type?
? What is the breakup of the South Korea space launch services market on the basis of orbit?
? What is the breakup of the South Korea space launch services market on the basis of launch vehicle?
? What is the breakup of the South Korea space launch services market on the basis of end user?
? What is the breakup of the South Korea space launch services market on the basis of region?
? What are the various stages in the value chain of the South Korea space launch services market?
? What are the key driving factors and challenges in the South Korea space launch services market?
? What is the structure of the South Korea space launch services market and who are the key players?
? What is the degree of competition in the South Korea space launch services market?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 South Korea Space Launch Services Market - Introduction
4.1 Overview
4.2 Market Dynamics
4.3 Industry Trends
4.4 Competitive Intelligence
5 South Korea Space Launch Services Market Landscape
5.1 Historical and Current Market Trends (2019-2024)
5.2 Market Forecast (2025-2033)
6 South Korea Space Launch Services Market - Breakup by Payload
6.1 Satellite
6.1.1 Overview
6.1.2 Historical and Current Market Trends (2019-2024)
6.1.3 Market Segmentation
6.1.3.1 Small Satellite (Less Than 1000 Kg)
6.1.3.2 Large Satellite (Above 1000 Kg)
6.1.4 Market Forecast (2025-2033)
6.2 Human Spacecraft
6.2.1 Overview
6.2.2 Historical and Current Market Trends (2019-2024)
6.2.3 Market Forecast (2025-2033)
6.3 Cargo
6.3.1 Overview
6.3.2 Historical and Current Market Trends (2019-2024)
6.3.3 Market Forecast (2025-2033)
6.4 Testing Probes
6.4.1 Overview
6.4.2 Historical and Current Market Trends (2019-2024)
6.4.3 Market Forecast (2025-2033)
6.5 Stratollite
6.5.1 Overview
6.5.2 Historical and Current Market Trends (2019-2024)
6.5.3 Market Forecast (2025-2033)
7 South Korea Space Launch Services Market - Breakup by Launch Platform
7.1 Land
7.1.1 Overview
7.1.2 Historical and Current Market Trends (2019-2024)
7.1.3 Market Forecast (2025-2033)
7.2 Air
7.2.1 Overview
7.2.2 Historical and Current Market Trends (2019-2024)
7.2.3 Market Forecast (2025-2033)
7.3 Sea
7.3.1 Overview
7.3.2 Historical and Current Market Trends (2019-2024)
7.3.3 Market Forecast (2025-2033)
8 South Korea Space Launch Services Market - Breakup by Service Type
8.1 Pre-Launch
8.1.1 Overview
8.1.2 Historical and Current Market Trends (2019-2024)
8.1.3 Market Forecast (2025-2033)
8.2 Post-Launch
8.2.1 Overview
8.2.2 Historical and Current Market Trends (2019-2024)
8.2.3 Market Forecast (2025-2033)
9 South Korea Space Launch Services Market - Breakup by Orbit
9.1 Low Earth Orbit (LEO)
9.1.1 Overview
9.1.2 Historical and Current Market Trends (2019-2024)
9.1.3 Market Forecast (2025-2033)
9.2 Medium Earth Orbit (MEO)
9.2.1 Overview
9.2.2 Historical and Current Market Trends (2019-2024)
9.2.3 Market Forecast (2025-2033)
9.3 Geosynchronous Orbit
9.3.1 Overview
9.3.2 Historical and Current Market Trends (2019-2024)
9.3.3 Market Forecast (2025-2033)
9.4 Polar Orbit
9.4.1 Overview
9.4.2 Historical and Current Market Trends (2019-2024)
9.4.3 Market Forecast (2025-2033)
10 South Korea Space Launch Services Market - Breakup by Launch Vehicle
10.1 Small Launch Vehicle
10.1.1 Overview
10.1.2 Historical and Current Market Trends (2019-2024)
10.1.3 Market Forecast (2025-2033)
10.2 Heavy Launch Vehicle
10.2.1 Overview
10.2.2 Historical and Current Market Trends (2019-2024)
10.2.3 Market Forecast (2025-2033)
11 South Korea Space Launch Services Market - Breakup by End User
11.1 Government and Military
11.1.1 Overview
11.1.2 Historical and Current Market Trends (2019-2024)
11.1.3 Market Forecast (2025-2033)
11.2 Commercial
11.2.1 Overview
11.2.2 Historical and Current Market Trends (2019-2024)
11.2.3 Market Forecast (2025-2033)
12 South Korea Space Launch Services Market ? Breakup by Region
12.1 Seoul Capital Area
12.1.1 Overview
12.1.2 Historical and Current Market Trends (2019-2024)
12.1.3 Market Breakup by Payload
12.1.4 Market Breakup by Launch Platform
12.1.5 Market Breakup by Service Type
12.1.6 Market Breakup by Orbit
12.1.7 Market Breakup by Launch Vehicle
12.1.8 Market Breakup by End User
12.1.9 Key Players
12.1.10 Market Forecast (2025-2033)
12.2 Yeongnam (Southeastern Region)
12.2.1 Overview
12.2.2 Historical and Current Market Trends (2019-2024)
12.2.3 Market Breakup by Component
12.2.4 Market Breakup by Type
12.2.5 Market Breakup by Enterprise Size
12.2.6 Market Breakup by End User
12.2.7 Key Players
12.2.8 Market Forecast (2025-2033)
12.3 Honam (Southwestern Region)
12.3.1 Overview
12.3.2 Historical and Current Market Trends (2019-2024)
12.3.3 Market Breakup by Payload
12.3.4 Market Breakup by Launch Platform
12.3.5 Market Breakup by Service Type
12.3.6 Market Breakup by Orbit
12.3.7 Market Breakup by Launch Vehicle
12.3.8 Market Breakup by End User
12.3.9 Key Players
12.3.10 Market Forecast (2025-2033)
12.4 Hoseo (Central Region)
12.4.1 Overview
12.4.2 Historical and Current Market Trends (2019-2024)
12.4.3 Market Breakup by Payload
12.4.4 Market Breakup by Launch Platform
12.4.5 Market Breakup by Service Type
12.4.6 Market Breakup by Orbit
12.4.7 Market Breakup by Launch Vehicle
12.4.8 Market Breakup by End User
12.4.9 Key Players
12.4.10 Market Forecast (2025-2033)
12.5 Others
12.5.1 Historical and Current Market Trends (2019-2024)
12.5.2 Market Forecast (2025-2033)
13 South Korea Space Launch Services Market ? Competitive Landscape
13.1 Overview
13.2 Market Structure
13.3 Market Player Positioning
13.4 Top Winning Strategies
13.5 Competitive Dashboard
13.6 Company Evaluation Quadrant
14 Profiles of Key Players
14.1 Company A
14.1.1 Business Overview
14.1.2 Services Offered
14.1.3 Business Strategies
14.1.4 SWOT Analysis
14.1.5 Major News and Events
14.2 Company B
14.2.1 Business Overview
14.2.2 Services Offered
14.2.3 Business Strategies
14.2.4 SWOT Analysis
14.2.5 Major News and Events
14.3 Company C
14.3.1 Business Overview
14.3.2 Services Offered
14.3.3 Business Strategies
14.3.4 SWOT Analysis
14.3.5 Major News and Events
14.4 Company D
14.4.1 Business Overview
14.4.2 Services Offered
14.4.3 Business Strategies
14.4.4 SWOT Analysis
14.4.5 Major News and Events
14.5 Company E
14.5.1 Business Overview
14.5.2 Services Offered
14.5.3 Business Strategies
14.5.4 SWOT Analysis
14.5.5 Major News and Events
15 South Korea Space Launch Services Market - Industry Analysis
15.1 Drivers, Restraints, and Opportunities
15.1.1 Overview
15.1.2 Drivers
15.1.3 Restraints
15.1.4 Opportunities
15.2 Porters Five Forces Analysis
15.2.1 Overview
15.2.2 Bargaining Power of Buyers
15.2.3 Bargaining Power of Suppliers
15.2.4 Degree of Competition
15.2.5 Threat of New Entrants
15.2.6 Threat of Substitutes
15.3 Value Chain Analysis
16 Appendix