Dublin, April 27, 2022 /PRNewswire/ --The "Global Small Launch Vehicle (SLV) Market - A Comprehensive Launch Market Assessment: Focus on End User, Satellite Mass, Platform Type, Propulsion Type, Service Type, and Country - Analysis and Forecast, 2022-2032" report has been added to ResearchAndMarkets.com's offering.

The global small launch vehicle market is expected to reach $4,624.0 million by 2032, with a CAGR of 13.34% during the forecast period 2022-2032.

After 2014, the SLV market witnessed exponential growth due to an increase in the number of SLV manufacturers and launch service providers. The increasing number of satellite constellations for applications such as communication, technology development, Earth observation, and remote sensing is expected to be the major driving factor for SLV market growth.

As of February 2022, there were 17 operational small-lift launch vehicles and 99 small launch vehicles under development.

Global Small Launch Vehicle (SLV) Industry Overview

The use of small satellites for several applications such as Earth observation, communication, and space exploration is expected to drive the growth of the SLV market.

Several programs such as Airborne Launch Assist Space Access (ALASA) are organized for developing an affordable method for launching small satellites. In addition, with rigorous testing of new technologies and research and development work, ALASA is expected to introduce small launch systems to provide more reasonable, routine, and reliable access to space in less than $1 million per launch.

Market SegmentationGlobal Small Launch Vehicle (SLV) Market by Satellite Mass

Satellite mass is a prominent market segment. The 501-2,200 Kg satellite mass segment has the highest market share and is estimated to grow over the forecast years due to the rise in the number of small satellite constellations from various key manufacturers such as SpaceX, Amazon, Cloud Constellation, Urthecast, and ISRO.

Global Small Launch Vehicle (SLV) Market by Platform Type

The land platform has the highest market penetration in the global SLV market during the forecast period 2022-2032. The market growth is due to cost-effective launch and high success rate.

Global Small Launch Vehicle (SLV) Market by Propulsion Type

Solid propulsion technology is expected to have the highest market penetration in the global small launch vehicle market during the forecast period 2022-2032. This is due to the high demand for solid propellant rockets, which are much easier to store and handle during launch.

Global Small Launch Vehicle (SLV) Market by End-User

The commercial end user is anticipated to witness huge growth over the forecast period. It had a significant market share in 2021 due to the increasing demand for commercial applications such as remote sensing, Earth observation and navigation, surveillance, and satellite internet. The satellite internet constellation is a major project in this segment.

Global Small Launch Vehicle (SLV) Market by Service Type

The pre-launch services segment had a significant market share in 2021 and is estimated to hold significant market share over the forecast period due to an increase in the number of commercial launches per year.

Global Small Launch Vehicle (SLV) Market by Region

In 2021, the contribution of Asia-Pacific held the highest share of the global small launch vehicle market. The region is anticipated to hold a significant share in the global market by the end of 2032.

The majority of the market growth in the Asia-Pacific region is contributed by the market in China owing to the presence of key market players such as China Aerospace Science and Technology Corporation (CASC) and Galactic Energy (Beijing) Space Technology Co., LTD. CASC and Galactic accounted for more than 30 successful SLV launches per year.

Key Market Players and Competition Synopsis

The companies profiled in the report have been selected post-in-depth interviews with experts and understanding details around companies such as product portfolios, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the small launch vehicle market.

Some key players in the global small launch vehicle (SLV) market include Arianespace, Astra Space, Inc., Northrop Grumman, Rocket Lab USA, Inc., ABL Space Systems, Blue Origin, Firefly Aerospace Inc., China Aerospace Science and Technology Corporation (CASC), and Interorbital Systems among others.

Recent Developments in Global Small Launch Vehicle Market

Key Topics Covered:

1 Markets1.1 Industry Outlook1.1.1 Global Small Launch Vehicle (SLV) Market: An Overview1.1.2 Launch Vehicle Mapping with Satellite/Payload, Orbit, and Launch Site1.1.3 Global Small Satellite Industry Scenario: Business Opportunity for SLV Market1.1.4 Trends: Current and Future1.1.4.1 Cost Advantage in Reusable Launch Vehicle1.1.4.2 Propulsion System1.1.4.3 Modernization in Structure Composition of Small Launch Vehicle (SLV)1.1.5 Spaceports: Capability Analysis1.1.6 Start-Up and Investment Landscape1.1.6.1 Key Start-Ups in the Ecosystem1.1.6.2 Funding Analysis1.1.7 Supply Chain Analysis1.2 Business Dynamics1.2.1 Business Drivers1.2.1.1 Increasing Usage of Commercial Off-The-Shelf (COTS) Components1.2.1.2 Growing Demand for Small Satellites and Constellations in LEO1.2.1.3 Increasing Cooperation among Space Agencies for Space Missions1.2.2 Business Challenges1.2.2.1 Absence of Efficient and Reliable Micro-Propulsion Systems1.2.2.2 High Cost Associated with Space Launch Vehicles1.2.3 Business Opportunities1.2.3.1 Increasing Developments in Low-Cost Launching Sites1.2.3.2 Emerging Startups in SLV Manufacturing1.2.3.3 Advancements in 3D Printing Technology for Space Industry1.2.4 Key Business Development1.2.5 Partnerships, Collaborations, Agreements, and Contracts1.2.6 Mergers & Acquisitions

2 Application2.1 Global Small Launch Vehicle (SLV) Market (by End User)2.1.1 Market Overview2.1.1.1 Demand Analysis of the Global Small Launch Vehicle (SLV) Market (by End User)2.1.2 Academic2.1.3 Commercial2.1.4 Government2.1.5 Military and Defense2.1.6 Non-Profit Organization

3 Products3.1 Global Small Launch Vehicle (SLV) Market (by Satellite Mass)3.1.1 Market Overview3.1.1.1 Demand Analysis of the Global Small Launch Vehicle (SLV) Market (by Satellite Mass)3.1.2 0-500 Kg3.1.3 501-2,200 Kg3.2 Global Small Launch Vehicle (SLV) Market (by Platform Type)3.2.1 Market Overview3.2.1.1 Demand Analysis of the Global Small Launch Vehicle (SLV) Market (by Platform Type)3.2.2 Land3.2.3 Air3.2.4 Sea3.2.5 Balloon3.3 Global Small Launch Vehicle (SLV) Market (by Propulsion Type)3.3.1 Market Overview3.3.1.1 Demand Analysis of the Global Small Launch Vehicle (SLV) Market (by Propulsion Type)3.3.2 Solid3.3.3 Liquid3.3.4 Hybrid3.4 Global Small Launch Vehicle (SLV) Market (by Service Type)3.4.1 Market Overview3.4.1.1 Demand Analysis of the Global Small Launch Vehicle (SLV) Market (by Service Type)3.4.2 Pre-Launch Service3.4.2.1 Demand Analysis of the Global Small Launch Vehicle (SLV) Market (Pre-Launch Service, by Service Type)3.4.3 Post-Launch Service3.4.3.1 Demand Analysis of the Global Small Launch Vehicle (SLV) Market (Post-Launch Service, by Service Type)3.5 Product and Pricing Analysis3.5.1 Launch Vehicle Manufacturing3.5.2 Satellite Launch Services3.5.3 Payload Manufacturing and Deployment Cost Analysis

4 Region4.1 Global Small Launch Vehicle (SLV) Market (by Region)4.2 North America4.2.1 Market4.2.1.1 Key Small Launch Vehicle Manufacturers and Launch Service Providers in North America4.2.1.2 Business Drivers4.2.1.3 Business Challenges4.2.2 Application4.2.2.1 North America Small Launch Vehicle (SLV) Market (by End User)4.2.3 Product4.2.3.1 North America Small Launch Vehicle (SLV) Market (by Satellite Mass)4.2.4 North America (by Country)4.3 Europe4.4 Asia-Pacific4.5 Rest-of-the-World

5 Market - Competitive Benchmarking & Company Profiles5.1 Competitive Benchmarking5.2 Market Share Analysis5.3 Key Market Players

For more information about this report visit https://www.researchandmarkets.com/r/nfqwab

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