The global demand for Satellite Launch Vehicle Market is presumed to reach the market size of nearly USD 45.9 BN by 2030 from USD 14.9 BN in 2022 with a CAGR of 15.1% under the study period 2023 - 2030.
A satellite launch vehicle or SLV is a rocket system designed to transport satellites into space. The SLV is typically a multi-stage rocket that is designed to provide the necessary thrust and altitude to place the satellite into orbit around the Earth or other celestial bodies. The SLV typically consists of several stages, each of which contains one or more rocket engines. The first stage is typically the largest and contains the most powerful engines, which provide the initial thrust to lift the rocket off the launch pad and into the atmosphere. As the rocket gains altitude and velocity, the first stage separates and falls back to Earth, while the second stage ignites and continues to propel the rocket toward its target orbit. Once the SLV reaches its target altitude and velocity, the payload - typically a satellite - is separated from the rocket and placed into orbit around the Earth. Depending on the mission requirements, the SLV may also carry additional payloads, such as scientific instruments, communication equipment, or supplies for astronauts in space.
Market Dynamics
With the increasing need for satellite-based services such as telecommunication, remote sensing, navigation, and broadcasting, the demand for satellite launches has scaled up. This demand is expected to continue growing in the future, driven by the increasing adoption of satellite-based applications and services. Governments are also heavily investing in space exploration, with the aim of advancing scientific research, exploring new frontiers, and enhancing national security. Additionally, there has been an increase in commercial investment in space exploration, driven by the potential for new business opportunities and revenue streams. The new materials, propulsion systems, and other technological development has enabled the design of more efficient and cost-effective launch vehicles leading to an increase in the number of launch providers, which has driven competition and innovation in the market. Governments are implementing policies and regulations to support the growth of the satellite launch industry. For example, some countries offer tax incentives, subsidies, and other forms of support to companies that invest in the development of launch vehicles and related technologies. The growing demand for small satellites, such as CubeSats, has created a need for smaller and more cost-effective launch vehicles leading to the development of new launch vehicle designs that are specifically tailored to meet the needs of the small satellite market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of satellite launch vehicle. The growth and trends of satellite launch vehicle industry provide a holistic approach to this study.
Market Segmentation
This section of the satellite launch vehicle market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Vehicle
- Small (<350,000 Kg)
- Medium To Heavy (>350,000 Kg)
By Payload
- <500 Kg
- 500-2,500 Kg
- >2,500 Kg
By Orbit
- Low Earth Orbit (LEO)
- Medium Earth Orbit (MEO)
- Geostationary Orbit (GEO)
By Launch
- Single-Use/Expendable
- Reusable
By Stage
- Single Stage
- Two Stage
- Three Stage
By Subsystem
- Structure
- Guidance, Navigation & Control Systems
- Propulsion Systems
- Telemetry, Tracking & Command Systems
- Electrical Power Systems
- Separation Systems
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Satellite Launch Vehicle market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Satellite Launch Vehicle Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the satellite launch vehicle market include SpaceX (US), United Launch Alliance, LLC (US), Northrop Grumman Corporation (US), Blue Origin (US), and Mitsubishi Heavy Industries (Japan). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.
