The space launch services market is associated with activities carried out by the space launch service providers. It comprises a series of events such as ordering, conversion, construction, stacking and assembly, integration of payload, and launch. The space launch services market came into existence after the launch of Sputnik-1, which is often said to be the start of space age. Thus, soon after this various national programs began to provide these services. Later on, commercial operators and enterprises became the significant clients for government service providers.Also, due to increased use of launching systems for commercial purposes, the opportunity for private launch system manufacturers emerged. The entry of private launch service providers resulted into decrease in the launch per cost and new technologies, marking a new phase for the space launch services market.