A satellite launch vehicle is a kind of launch vehicle used to deploy satellites into space and place them in their specific orbits. It serves the crucial purpose of transporting satellites and payloads from Earth’s surface or lower atmosphere to outer space. These vehicles are of various types based on weight, payload capacity, and orbital reach including small-lift satellite vehicles, reusable launch vehicles, geostationary satellite launch vehicles, and others.
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Demand for small satellites has exponentially increased in recent years due to reduced cost, wider coverage, increasing application of small satellites, and less development time, which has positively impacted the satellite launch vehicle market, as most space organizations are willing to launch space missions at lower cost. For instance, In January 2024, the Indian cabinet approved a memorandum of understanding (MOU) between the Indian Space Research Organization (ISRO) and the Mauritius Research and Innovation Council (MRIC) concerning cooperation on the development of a joint small satellite. The MoU will help to establish a framework for cooperation between ISRO and MRIC on the development of a joint satellite as well as for cooperation on the use of the MRIC’s ground station.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Satellite Launch Vehicle Market by Vehicle
- Small (<350,000 Kg)
- Medium to Heavy (> 350,000 Kg)
Global Satellite Launch Vehicle Market by Launch
- Single-Use/Expendable
- Reusable
Global Satellite Launch Vehicle Market by Stage
- Single Stage
- Two Stage
- Three Stage
Global Satellite Launch Vehicle Market by Sub-Systems
- Structure
- Guidance, Navigation & Control System
- Propulsion System
- Telemetry, Tracking & Command System
- Electrical Power System
- Separation System
Global Satellite Launch Vehicle Market by Payload
- <500 Kg
- 500-2,500 Kg
Global Satellite Launch Vehicle Market by Orbit
- Low Earth Orbit (LEO)
- Medium Earth Orbit (MEO)
- Geostationary Orbit (GEO)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Airbus SE
- Ariane Group
- Arianespace
- China Aerospace Science and Technology Corp.
- Eurockot Launch Services
- ISIS- Innovative Solution in Space B.V.
- Linkspace Aerospace Technology Group
- Lockheed Martin Corp.
- Mitsubishi Heavy Industries, Ltd.
- Northrop Grumman Corp.
- Relativity Space Inc.
- Roscosmos
- Skyroot Aerospace Pvt. Ltd.
- The Boeing Co.
- Virgin Galactic LLC
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global satellite launch vehicle market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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