Global Small Launch Vehicle Market (2019- 2025) | Analysis, Size, Revenue, Trends, Growth, Forecast, Industry, Outlook, Value & Segmentation

Latest 2023 Developments of the Global Small Launch Vehicle Market

Global Small Launch Vehicle Market has seen the latest developments which include the technological advancements in propulsion system and structure as well as integral parts of SLVs, that has significantly reduced manufacturing cost, size, and complexity. Companies are developing various forms of emerging technologies such as 3D-printed electronic components and structures, air-breathing propulsion systems, electronic propulsion systems, and reusable launch vehicles, among others, to develop cost-effective SLVs. Small satellites offer completely new designs for a wide range of space operations, with the potential for exponential leaps in transformational research, thanks to technological innovation. For instance, SpaceX launched a Falcon 9 rocket with 143 small satellites from Cape Canaveral in January 2021. The development of reusable rocket technology has reduced the cost of launch services, allowing more people to use small satellites throughout the world.

Mergers and Acquisitions:

• In September 2020, Israel Aerospace Industries (IAI) signed an agreement to acquire 50% of the equity of BlueBird Aero Systems.
• In February 2021, Veritas Capital announced that an affiliate of Veritas had completed its previously announced acquisition of Northrop Grumman’s IT and mission support services business.

Global Small Launch Vehicle Market Synopsis

Growing demand for small satellite applications in various verticals such as government, commercial, and the military is expected to drive the market growth of Small Launch vehicles over the coming years. Moreover, rising demand for small satellite constellations for satellite applications such as communication, navigation, and planet observation are the key factors that would influence the demand for the Small Launch Vehicle market.

According to 6Wresearch, the Global Small Launch Vehicle Market size is anticipated to register growth during 2019-2025. In the overall global Small Launch Vehicle market share, Asia Pacific has captured a major share of the market revenue pie in 2018 and is expected to lead over the coming years. However, North America is anticipated to experience the highest market growth owing to rising investments and developments by private players in the region.

On the basis of end-user, the market can be broadly categorized into academic, commercial, government, defence, and non-profit organizations. The government end-user segment attained the majority of the market share in 2018, however, the academic segment is expected to register the highest growth rate during the forecast period.

The Global Small Launch Vehicle market report thoroughly covers the market by payload, end-user, regions, and key countries. The global Small Launch Vehicle market outlook report provides an unbiased and detailed analysis of the ongoing global Small Launch Vehicle market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

At the global platform, the small vehicle launch market introduced the unprecedented and different anticipated it brings radical changes in the satellite launch and their services of business-related. The industry players the ongoing efforts and develop high-end launch solutions of the space mission and the rapid growth of the small vehicle launch market. SLV is a huge potential of cost-effective and it's the faster-launched solution it is expected that the market is a larger number of key strategies and it developed in the upcoming years.

According to the analyst, the BIS research takes place the small launch vehicle market is dominated by the region Asia-Pacific. The geographical analysis of the market is having great potential and growth takes place in North America. The present condition of the economies particularly contributes to the growth of many countries such as China and the U.S.

The SLV market is expected to witness a high growth rate owing to the surge in demand for small satellite constellations, and the significant increase in investments by large space organizations in developing SLVs. Moreover, the development of SLVs can help in overcoming the challenges faced by small satellite operators to launch their satellites.

Mr Francisco Garcia is the head of the mission & operations Department and moreover PLD space. The change is making in the small satellite in the manufacturers is going to take time in the launch of the satellite and with the heavy satellite. There are primary space mission that is going to delay. The small satellites are the secondary-based payload based on the heavy launch vehicles it's having limited opportunities because of the lack of control on the destination of the orbit and launched a schedule of the small satellite and on the orbit of the vehicle.  The SLV is dedicated to the launching of satellites. The ongoing demand for satellites ranges from 30 to 60kg and 10kg satellites are the huge business of the SLV process. The SLV is going to play a very important role in the mega-constellations and ranges around 100 to 200kg.

According to the market report of the SLVs, it gives a detailed analysis of the upcoming trends and the market condition according to that influencing the market along with the comprehensive study of the upcoming trends and different technologies and development take place. It includes many features such as a financial summary, corporate overview, leading players in the industry, and a SWOT analysis. The market is based on many segments such as region, range, end-user, and payload range. According to the present study, the end-user segmentation is based on the Defense, commercial, non-profit organizations, and government.

The advanced small launched vehicles are space technology the key manufacturers such as Mitsubishi Heavy Industries, Lockheed Martin Corporation, Arianespace, Rocket Lab USA, Orbital ATK, CubeCab, Israel Aerospace Industries Ltd., Space Exploration Technologies Corp., IHI Corporation is used in the advanced technologies in the small launched vehicles. The Global small vehicle launch market is anticipated to witness sound growth in the upcoming six years on the back of increased advancements in the science and technology of developed and developing economies across the globe. The growth of science and technology backed by the launch of various projects is leading to increased use of small launch vehicles and would propel significant growth of the Global small vehicle launch market in the upcoming six years. Additionally, the demand for the product is expected to be driven mainly in India, Russia, and the US which are the hubs for science and technology with developed scientific domains and are anticipated to proliferate the demand for a small vehicle launch in the coming years.

The global small launch vehicle market is anticipated to find its true potential underpinned by the increased need for the scientist and researchers. Additionally, on the basis of the region, the Asia Pacific small launch vehicle market is likely to generate high sales revenues in the country underpinned by the increased copious investment by the government to help developers especially ISRO to develop Small launch vehicles that are capable of carrying a payload of 700 kg and the development is estimated to act as the major growth prospects for the global small launch vehicle market in the upcoming six years.

Key Highlights of the Report:

• Global Small Launch Vehicle Market Overview
• Global Small Launch Vehicle Market Outlook
• Global Small Launch Vehicle Market Forecast
• Historical Data of Global Small Launch Vehicle Market Revenues & Volume for the Period 2015-2018
• Global Small Launch Vehicle Market Size and Global Small Launch Vehicle Market Forecast of Revenues & Volume, Until 2025
• Historical Data of Global Small Launch Vehicle Market Revenues and Volume, By Payload, for the Period 2015-2018
• Market Size & Forecast of Global Small Launch Vehicle Market Revenues and Volume, By Payload, Until 2025
• Historical Data of Global Small Launch Vehicle Market Revenues and Volume, By End User, for the Period 2015-2018
• Market Size & Forecast of Global Small Launch Vehicle Market Revenues and Volume, By End User, Until 2025
• Historical Data of North America Small Launch Vehicle Market Revenues and Volume, By End User, for the Period 2015-2018
• Market Size & Forecast of North America Small Launch Vehicle Market Revenues and Volume, Until 2025
• Historical Data of Europe Small Launch Vehicle Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Europe Small Launch Vehicle Market Revenues and Volume, Until 2025
• Historical Data of Asia Pacific Small Launch Vehicle Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Asia Pacific Small Launch Vehicle Market Revenues and Volume, Until 2025
• Historical Data of the Middle East & Africa Small Launch Vehicle Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of the Middle East & Africa Small Launch Vehicle Market Revenues and Volume, Until 2025
• Market Drivers and Restraints
• Global Small Launch Vehicle Market Price Trends
• Global Small Launch Vehicle Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Small Launch Vehicle Market Share, By Regions
• Global Small Launch Vehicle Market Share, By Players
• Global Small Launch Vehicle Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Global Small Launch Vehicle Market report provides a detailed analysis of the following market segments:

By Payload:

• <20Kg
• 21Kg-150Kg
• 151Kg-500Kg
• 501Kg-1200Kg
• 1201Kg-2200Kg

By End Users:

• Academic
• Commercial
• Government
• Defense
• Non-Profit Organization

Regions:

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• ROW

Global Small Launch Vehicle Market: FAQs