Satellite Launch Vehicle (SLV) Market - By Orbit (GEO, MEO, LEO, SSO), By Payload (Below 500 KG, Between 501 To 2,500 KG, above 2,500 KG), By Launch Activity (Commercial, Non-Commercial), By Application, By Launch & Forecast, 2022 – 2032

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Aerospace | Format: Report available in PDF / Excel Format

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Satellite Launch Vehicle (SLV) Market - By Orbit (GEO, MEO, LEO, SSO), By Payload (Below 500 KG, Between 501 To 2,500 KG, above 2,500 KG), By Launch Activity (Commercial, Non-Commercial), By Application, By Launch & Forecast, 2022 – 2032

Satellite Launch Vehicle (SLV) Market Size

Satellite Launch Vehicle Market size was valued at USD 14.4 billion in 2022 and is anticipated to grow at a CAGR of over 12.5% between 2023 and 2032.

Satellites have become indispensable in our daily lives and national security. They connect us with the world, providing internet, phone, and TV signals to even the most remote corners of the globe. Governments use satellites to keep an eye on their borders and gather intelligence, while scientists rely on them to study our planet and beyond. As the world becomes more interconnected, the need for reliable communication everywhere is growing. Satellite companies are launching fleets of satellites to bring high-speed internet to places where cables can't reach. These satellites are also helping to close the digital divide, giving people in rural and underserved areas access to education, healthcare, and other essential services. Satellites also play a vital role in keeping our countries safe. They provide governments with real-time information on potential threats and help them respond quickly to emergencies. They also support military operations and ensure secure communication between troops on the ground and command centers.

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A Satellite Launch Vehicle (SLV) is a specialized rocket designed to carry & launch payloads, such as satellites, into various orbits in space. This vehicle is essential for sending satellites and other payloads into space, allowing them to achieve their intended orbits and perform their designated missions.
 

Satellite Launch Vehicle (SLV) Market Report Attributes
Report Attribute Details
Base Year 2022
Satellite Launch Vehicle (SLV) Market Size in 2022 USD 14.5 Billion
Forecast Period 2022 to 2032
Forecast Period 2022 to 2032 CAGR 12.5%
2032 Value Projection USD 45 Billion
Historical Data for 2018 – 2022
No. of Pages 200
Tables, Charts & Figures 660
Segments covered Orbit, Payload, Launch activity, Launch, Application
Growth Drivers
  • The demand for global internet coverage
  • Increased Satellite Deployment
  • The emergence of commercial space services
  • The emphasis on environmental sustainability and climate change monitoring
  • Advances in propulsion, materials, manufacturing techniques
Pitfalls & Challenges
  • Dependence on Government Contracts
  • Delayed launches due to long development cycle

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With a long development cycle, manufacturers may miss opportunities to leverage emerging trends, demands, or niche markets. Rapidly evolving satellite technology and changing customer needs may render a vehicle obsolete before it is put into use. Delayed launches due to long development cycles can lead to dissatisfaction among customers, who are eager to launch their payloads. They may seek alternatives from competitors, who can provide faster access to space, hindering market growth.
COVID-19 Impact

The COVID-19 pandemic had significant impacts on various industries including the Satellite Launch Vehicle (SLV) market. Lockdowns, restrictions, and closures of manufacturing facilities around the world disrupted supply chains, leading to production delays of components & materials needed for SLVs, in turn, delaying the construction & testing of new launch vehicles. Social distancing measures and remote work arrangements affected the workforce availability in the aerospace industry. The need to adhere to safety protocols slowed down production processes and introduced challenges in coordinating complex projects.

Satellite Launch Vehicle (SLV) Market Trends

The world of launching satellites into space has changed. In the past, it was only governments that could afford these launches. But now, new companies like SpaceX, Blue Origin, and Rocket Lab are making it possible for anyone to send stuff into orbit. SpaceX's Falcon 9 rocket is reusable, which means it can fly multiple times without being rebuilt. This makes it a lot cheaper to launch things into space. And SpaceX has a track record of success, with many successful launches under their belt. Blue Origin is making space tourism a reality. Their New Shepard rocket can take people on short trips into space. This is giving regular folks a chance to experience what it's like to be an astronaut. Rocket Lab is the go-to company for launching small satellites. Their Electron rocket is perfect for sending up payloads that weigh less than 500 pounds. This is opening up new possibilities for businesses and researchers who need to put small satellites in orbit. The rise of these commercial launch service providers has created a more competitive market. This is good news for customers, because it means they have more options and can get better deals on launches. It's also good news for the space industry as a whole, because it's making it more accessible and affordable to explore space.

Satellite Launch Vehicle Market Analysis

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Think of the satellite launch vehicle market like a giant pie. It's split into two slicessingle-use (like disposable plates) and reusable (like reusable coffee cups). In 2022, the reusable slice was the bigger one, taking up over 40% of the pie. And guess what? Experts predict it's only going to get bigger, growing like crazy until 2032. Why? Because reusable launch vehicles are like space-saving superheroes for ambitious countries that want to join the satellite launch party. They can help these countries cut launch costs, making it easier for them to build their space programs and launch their own satellites to chat with other countries, keep an eye on our planet, and explore the secrets of the universe. These reusable rocket wonders are driving some seriously cool innovations in rocket engines, materials, reentry tech, and landing mechanisms. And these innovations aren't just about making satellite launches cheaper. They're also paving the way for even greater adventures in space, like exploring Mars or setting foot on the Moon again.

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Imagine you're going to launch a satellite into space. Where should it go? That depends on what you want it to do! There are four main orbits for satellitesGEO (Geostationary Earth Orbit)Satellites here stay in a fixed spot over the Earth. They're great for communication, TV broadcasting, and weather tracking. MEO (Medium Earth Orbit) Satellites in MEO are a bit closer to Earth than GEO satellites. They're often used for navigation systems and mobile communications. SSO (Sun-Synchronous Orbit)Satellites in SSO fly over the Earth at the same time each day. This is helpful for satellites that need to observe the Earth's surface, like weather satellites. LEO (Low Earth Orbit) LEO satellites are the closest to Earth. They're used for things like Earth observation, science experiments, and space exploration. Right now, GEO is the busiest orbit, and it's expected to stay that way for a while. This is because there's a huge demand for communication and broadcasting satellites, and GEO is the perfect spot for them. Plus, new launch vehicles, like those that can be reused over and over, are making it cheaper to launch satellites into GEO. So, we can expect to see even more satellites heading to GEO in the future.

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Space missions are taking off in North America! This is thanks to a mix of cool new tech, growing demand, and smart moves by industry leaders. In 2022, over 35% of the satellite launch action happened in North America. Companies like SpaceX and OneWeb are building giant networks of satellites to bring super-fast internet to every corner of the globe. And with more satellites comes the need for more launches, which is fueling the growth of this industry. Big shots like NASA and the Pentagon are also playing a big role. They're handing out contracts for satellite launches, space science missions, and projects to keep our country safe. This is also giving a boost to the launch vehicle market. And it's not just about Americans sending stuff into space. Companies here are blasting off satellites for customers all over the world. This global reach means more business for North American launch providers and helps the industry grow even faster.

Satellite Launch Vehicle Market Share

Satellite launch vehicle market is highly competitive owing to the presence of key players such

  •  ABL Space Systems
  • ARCA Space
  • Arianespace SA
  • Blue Origin
  • EPrime Aerospace
  • Eurockot Launch Services
  • Firefly Aerospace
  • Gilmour Space Technologies
  • Mitsubishi Heavy Industries
  • Northrop Grumman Corporation Relativity Space
  • Rocket Lab
  • Skyrora Limited
  • SpaceX
  • United Launch Alliance LLC

Industry participants are expected to expand their foothold in the commercial industry with growing investments in facility centers & acquisitions. Significant R&D investments to gain technological competitiveness and aggressive business strategies including technological launches, collaborations & long-term agreements with clients to capture the market share are positively impacting the market.

Satellite Launch Vehicle (SLV) Industry News

  • In April 2022, Blue Origin and Amazon announced a new partnership to launch Amazon's Kuiper constellation of broadband satellites. Under the agreement, Blue Origin will launch up to 83 Kuiper satellites on New Glenn rockets in 2023 and 2024.
  • In January 2022, ArianeGroup unveiled its new Rocket family with a reusable mini rocket. The company is developing the concept of a new European launcher family with a reusable first stage and a new mini launcher, Maia.

The Satellite Launch Vehicle (SLV) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million and units) from 2018 to 2032, for the following segments

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By Orbit

  • GEO
  • MEO
  • LEO
  • SSO

By Payload

  • Far-infrared (FIR)
  • Below 500kg
  • Between 501kg to 2,500kg
  • Above 2,500kg

By Launch Activity

  • Commercial
  • Non-commercial

By Application

  • Communication
  • Earth observation & science
  • Technology development & demonstration
  • Navigation
  • Space science & observation

By Launch

  • Single use/Expendable
  • Reusable

 

Table of Content

Report Content

Chapter 1   Methodology & Scope

1.1    Market scope & definition

1.2    Base estimates & calculations

1.3    Forecast calculation

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1   Paid sources

1.4.2.2   Public sources

Chapter 2   Executive Summary

2.1    Satellite Launch Vehicle (SLV) market 3600 synopsis, 2018 - 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM), 2023-2032

2.3    Regional trends

2.4    Orbit trends

2.5    Payload trends

2.6    Launch activity trends

2.7    Application trends

2.8    Launch trends

Chapter 3   Satellite Launch Vehicle (SLV) Market Industry Insights

3.1    Impact of COVID-19

3.2    Impact of the Russia-Ukraine war

3.3    Industry ecosystem analysis

3.4    Vendor matrix

3.5    Profit margin analysis

3.6    Technology & innovation landscape

3.7    Patent analysis

3.8    Key news and initiatives

3.8.1    Partnership/Collaboration

3.8.2    Merger/Acquisition

3.8.3    Investment

3.8.4    Product launch & innovation

3.9    Regulatory landscape

3.10    Impact forces

3.10.1    Growth drivers

3.10.1.1    The demand for global internet coverage

3.10.1.2    Increased Satellite Deployment

3.10.1.3    The emergence of commercial space services

3.10.1.4    The emphasis on environmental sustainability and climate change monitoring

3.10.1.5    Advances in propulsion, materials, manufacturing techniques

3.10.2    Industry pitfalls & challenges

3.10.2.1    Dependence on Government Contracts

3.10.2.2    Delayed launches due to long development cycle

3.11    Growth potential analysis

3.12    Porter’s analysis

3.13    PESTEL analysis

Chapter 4   Competitive Landscape, 2022

4.1    Introduction

4.2    Company market share, 2022

4.3    Competitive analysis of major market players, 2022

4.3.1    Company 1

4.3.2    Company 2

4.3.3    Company 3

4.3.4    Company 4

4.3.5    Company 5

4.3.6    Company 6

4.3.7    Company 7

4.4    Competitive positioning matrix, 2022

4.5    Strategic outlook matrix, 2022

Chapter 5   Satellite Launch Vehicle (SLV) Market Estimates & Forecast, By Orbit (USD Million & Units)

5.1    Key trends, by orbit

5.2    GEO

5.3    MEO

5.4    LEO

5.5    SSO

Chapter 6   Satellite Launch Vehicle (SLV) Market Estimates & Forecast, By Payload (USD Million & Units)

6.1    Key trends, by payload

6.2    Below 500kg

6.3    Between 501kg to 2,500kg

6.4    Above 2,500kg

Chapter 7   Satellite Launch Vehicle (SLV) Market Estimates & Forecast, By Launch activity (USD Million & Units)

7.1    Key trends, by Launch activity

7.2    Commercial

7.3    Non-Commercial

Chapter 8   Satellite Launch Vehicle (SLV) Market Estimates & Forecast, By Application (USD Million & Units)

8.1    Key trends, by application

8.2    Communication

8.3    Earth Observation and Science

8.4    Technology Development and Demonstration

8.5    Navigation

8.6    Space Science and Observation

Chapter 9   Satellite Launch Vehicle (SLV) Market Estimates & Forecast, By Launch (USD Million & Units)

9.1    Key trends, by Launch

9.2    Single use/ Expendable

9.3    Reusable

Chapter 10   Satellite Launch Vehicle (SLV) Market Estimates & Forecast, By Region (USD Million & Units)

10.1    Key trends, by region

10.2    North America

10.2.1    U.S.

10.2.2    Canada

10.3    Europe

10.3.1    UK

10.3.2    Germany

10.3.3    France

10.3.4    Italy

10.3.5    Russia

10.3.6    Rest of Europe

10.4    Asia Pacific

10.4.1    China

10.4.2    India

10.4.3    Japan

10.4.4    South Korea

10.4.5    ANZ

10.4.6    Rest of Asia Pacific

10.5    Latin America

10.5.1    Brazil

10.5.2    Mexico

10.5.3    Rest of Latin America

10.6    MEA

10.6.1    South Africa

10.6.2    Saudi Arabia

10.6.3    UAE

10.6.4    Rest of MEA

Chapter 11   Company Profiles

11.1    ABL Space systems

11.2    ARCA Space

11.3    Arianaspace SA

11.4    Blue Origin

11.5    EPrime Aerospace

11.6    Eurockot Launch Services

11.7    Firefly aerospace

11.8    Gilmour Space Technologies

11.9    ISRO

11.10    Mitsubishi Heavy Industries

11.11    Northrop Grumman Corporation

11.12    Relativity Space

11.13    Rocket Lab

11.14    Skyrora Limited

11.15    SpaceX

11.16    United Launch Alliance, LLC.
 

  •  ABL Space Systems
  • ARCA Space
  • Arianespace SA
  • Blue Origin
  • EPrime Aerospace
  • Eurockot Launch Services
  • Firefly Aerospace
  • Gilmour Space Technologies
  • Mitsubishi Heavy Industries
  • Northrop Grumman Corporation Relativity Space
  • Rocket Lab
  • Skyrora Limited
  • SpaceX
  • United Launch Alliance LLC

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