Satellite Launch Vehicle Market Introduction and Overview
According to SPER Market Research, the Global Satellite Launch Vehicle Market is estimated to reach USD 70.37 billion by 2033 with a CAGR of 15.31%.
The report includes an in-depth analysis of the Global Satellite Launch Vehicle Market, including market size and trends, product mix, applications, and supplier analysis. Satellite launch vehicles are designed to place satellites in specific orbits. A rocket-powered launch vehicle propels a spacecraft above Earth's atmosphere into orbit around Earth or to another location in deep space. Unmanned space probes, crewed spacecraft, and satellites have all been launched aboard launch vehicles. Satellites are currently launched into orbit via massive launch vehicles. These vehicles may carry payloads weighing thousands of kilos, requiring a significant velocity change to reach orbit. Furthermore, there is a growing demand for commercial and satellite networks, as well as security application services. As a result, additional satellites have been launched for various reasons, including as scientific research, earth observation, military surveillance, communication, and navigation. This has increased demand in the satellite launch vehicle market.
- March 2023; ISRO deployed 36 communication satellites of Oneweb aboard its LVM3 rocket into LEO.
- August 2022; The Atlas V rocket launched from the Cape Canaveral Space Force Station, carrying SBIRS GEO-6, which was constructed by Lockheed Martin for the US Air Force.
Market Opportunities and Challenges
Over the last few years, space companies have begun to produce low-cost small/miniaturized satellites, allowing them to provide services comparable to major companies that traditionally serve government agencies or public sector enterprises. One of the causes driving the satellite industry's growth is the increased use of tiny satellites for purposes such as Earth observation, communication, and scientific research, as well as the growing emphasis on lowering total mission costs. Small satellites are transported as secondary payloads and do not require separate launch vehicles. Furthermore, tiny satellite missions are constrained as secondary payloads due to a lack of control over the vehicle's launch schedule and destination orbit.
This is owing to limits on the volume and pressure of the stored propellant, which are largely for the protection of the primary payload, as well as the need for antenna systems for primary payloads, which may limit the launch of tiny satellite payloads into more suited or advantageous mission orbits. Furthermore, the primary payload may require a pre-programmed orbital velocity and placement in a specific orbit, which limits launch windows for tiny satellite missions. This also limits the ability of tiny satellites to meet mission requirements in some applications.
Market Competitive Landscape
The market is very competitive, with participation from both the public and private sectors. The market is characterized by fierce rivalry, technical developments, and an emphasis on innovation. The privately-owned portion of the market includes a wide range of businesses, including start-ups and established aerospace corporations from other industries. These firms produce and launch satellites for commercial and scientific uses, such as Earth observation, remote sensing, and communication. The major players in the Global Satellite Launch Vehicle Market include: SpaceX, Arianespace, United Launch Alliance, Roscosmos, Blue Origin, China Aerospace Science and Technology Corporation, Mitsubishi Heavy Industries, Indian Space Research Organisation, Eurockot Launch Services & Virgin Orbit.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Vehicle, By Payload, By Orbit, By Launch, By Stage, By Subsystem
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | SpaceX, Arianespace, United Launch Alliance, Roscosmos, Blue Origin, China Aerospace Science and Technology Corporation, Mitsubishi Heavy Industries, Indian Space Research Organisation, Eurockot Launch Services & Virgin Orbit.
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COVID-19 Impact on Global Satellite Launch Vehicle Market
The COVID-19 epidemic had a substantial impact on many businesses, including the satellite launch vehicle (SLV) market. Lockdowns, limitations, and closures of manufacturing sites around the world disrupted supply chains, causing production delays of components and materials required for SLVs, which delayed the assembly and testing of new launch vehicles. Social distancing techniques and distant work arrangements impacted worker availability in the aerospace industry. The necessity to follow safety rules hindered production processes and created difficulties in managing complicated projects.
Key Target Audience:
- Educational Institutions
- Government Agencies
- Investors
- Manufacturers
- Media
- Military
- Regulatory Bodies
- Research Institutions
- Satellite Operators
- Space Exploration Companies
Our in-depth analysis of the Satellite Launch Vehicle Market includes the following segments:
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By Vehicle: |
Small <350,000 kg
Medium to Heavy >350,000 kg
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By Payload: |
<500 kg
500-2,500kg
>2500 kg
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By Orbit: |
Low Earth Orbit (LOE)
Medium Earth Orbit(MEO)
Geostationary Orbit (GEO)
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By Launch: |
Single – use/Expendable
Reusable
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By Stage: |
Single Stage
Two Stage
Three Stage
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By Subsystem: |
Structure
Guidance
Navigation & Control System
Propulsion Systems
Telemetry
Tracking & Command Systems
Electrical
Separation Systems
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Key Topics Covered in the Report:
- Global Satellite Launch Vehicle Market Size (FY’2024-FY’2033)
- Overview of Global Satellite Launch Vehicle Market
- Segmentation of Global Satellite Launch Vehicle Market By Vehicle (Small <350,000 kg, Medium to Heavy >350,000 kg)
- Segmentation of Global Satellite Launch Vehicle Market By Payload(<500 kg, 500-2,500kg, >2500 kg)
- Segmentation of Global Satellite Launch Vehicle Market By Orbit(Low Earth Orbit (LOE), Medium Earth Orbit(MEO), Geostationary Orbit (GEO))
- Segmentation of Global Satellite Launch Vehicle Market By Launch (Single – use/Expendable, Reusable)
- Segmentation of Global Satellite Launch Vehicle Market By Stage(Single Stage, Two Stage, Three Stage)
- Segmentation of Global Satellite Launch Vehicle Market By Subsystem(Structure, Guidance, Navigation & Control System, Propulsion Systems, Telemetry, Tracking & Command Systems, Electrical, Separation Systems)
- Statistical Snap of Global Satellite Launch Vehicle Market
- Expansion Analysis of Global Satellite Launch Vehicle Market
- Problems and Obstacles in Global Satellite Launch Vehicle Market
- Competitive Landscape in the Global Satellite Launch Vehicle Market
- Impact of COVID-19 and Demonetization on Global Satellite Launch Vehicle Market
- Details on Current Investment in Global Satellite Launch Vehicle Market
- Competitive Analysis of Global Satellite Launch Vehicle Market
- Prominent Players in the Global Satellite Launch Vehicle Market
- SWOT Analysis of Global Satellite Launch Vehicle Market
- Global Satellite Launch Vehicle Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Satellite Launch Vehicle Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Satellite Launch Vehicle Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Satellite Launch Vehicle Market
7. Global Satellite Launch Vehicle Market, By Vehicle (USD Million)
7.1. Global Satellite Launch Vehicle Market Value Share and Forecast, By Vehicle, 2024-2033
7.2. Small <350,000 kg
7.3. Medium to Heavy >350,000 kg
8. Global Satellite Launch Vehicle Market, By Payload (USD Million)
8.1. Global Satellite Launch Vehicle Market Value Share and Forecast, By Payload, 2024-2033
8.2. <500 kg
8.3. 500-2,500kg
8.4. >2500 kg
9. Global Satellite Launch Vehicle Market, By Orbit (USD Million)
9.1. Global Satellite Launch Vehicle Market Value Share and Forecast, By Orbit, 2024-2033
9.2. Low Earth Orbit (LOE)
9.3. Medium Earth Orbit(MEO)
9.4. Geostationary Orbit (GEO)
10. Global Satellite Launch Vehicle Market, By Launch (USD Million)
10.1. Global Satellite Launch Vehicle Market Value Share and Forecast, By Launch, 2024-2033
10.2. Single – use/Expendable
10.3. Reusable
11. Global Satellite Launch Vehicle Market, By Stage (USD Million)
11.1. Global Satellite Launch Vehicle Market Value Share and Forecast, By Stage, 2024-2033
11.2. Single Stage
11.3. Two Stage
11.4. Three Stage
12. Global Satellite Launch Vehicle Market, By Subsystem (USD Million)
12.1. Global Satellite Launch Vehicle Market Value Share and Forecast, By Subsystem, 2024-2033
12.2. Structure
12.3. Guidance
12.4. Navigation & Control System
12.5. Propulsion Systems
12.6. Telemetry
12.7. Tracking & Command Systems
12.8. Electrical
12.9. Separation Systems
13. Global Satellite Launch Vehicle Market Forecast, 2020-2033 (USD Million)
13.1. Global Satellite Launch Vehicle Market Size and Market Share
14. Global Satellite Launch Vehicle Market, By Vehicle 2020-2033 (USD Million)
14.1. Global Satellite Launch Vehicle Market Size and Market Share By Vehicle (2020-2026)
14.2. Global Satellite Launch Vehicle Market Size and Market Share By Vehicle (2027-2033)
15. Global Satellite Launch Vehicle Market, By Payload, 2020-2033 (USD Million)
15.1. Global Satellite Launch Vehicle Market Size and Market Share By Payload (2020-2026)
15.2. Global Satellite Launch Vehicle Market Size and Market Share By Payload (2027-2033)
16. Global Satellite Launch Vehicle Market, By Orbit, 2020-2033 (USD Million)
16.1. Global Satellite Launch Vehicle Market Size and Market Share By Orbit (2020-2026)
16.2. Global Satellite Launch Vehicle Market Size and Market Share By Orbit (2027-2033)
17. Global Satellite Launch Vehicle Market, By Launch, 2020-2033 (USD Million)
17.1. Global Satellite Launch Vehicle Market Size and Market Share By Launch (2020-2026)
17.2. Global Satellite Launch Vehicle Market Size and Market Share By Launch (2027-2033)
18. Global Satellite Launch Vehicle Market, By Stage, 2020-2033 (USD Million)
18.1. Global Satellite Launch Vehicle Market Size and Market Share By Stage (2020-2026)
18.2. Global Satellite Launch Vehicle Market Size and Market Share By Stage (2027-2033)
19. Global Satellite Launch Vehicle Market, By Subsystem , 2020-2033 (USD Million)
19.1. Global Satellite Launch Vehicle Market Size and Market Share By Subsystem (2020-2026)
19.2. Global Satellite Launch Vehicle Market Size and Market Share By Subsystem (2027-2033)
20. Global Satellite Launch Vehicle Market, By Region, 2020-2033 (USD Million)
20.1. Global Satellite Launch Vehicle Market Size and Market Share By Region (2020-2026)
20.2. Global Satellite Launch Vehicle Market Size and Market Share By Region (2027-2033)
20.3. Asia-Pacific
20.3.1. Australia
20.3.2. China
20.3.3. India
20.3.4. Japan
20.3.5. South Korea
20.3.6. Rest of Asia-Pacific
20.4. Europe
20.4.1. France
20.4.2. Germany
20.4.3. Italy
20.4.4. Spain
20.4.5. United Kingdom
20.4.6. Rest of Europe
20.5. Middle East and Africa
20.5.1. Kingdom of Saudi Arabia
20.5.2. United Arab Emirates
20.5.3. Rest of Middle East & Africa
20.6. North America
20.6.1. Canada
20.6.2. Mexico
20.6.3. United States
20.7. Latin America
20.7.1. Argentina
20.7.2. Brazil
20.7.3. Rest of Latin America
21. Company Profile
21.1. Arianespace
21.1.1. Company details
21.1.2. Financial outlook
21.1.3. Product summary
21.1.4. Recent developments
21.2. Blue Origin
21.2.1. Company details
21.2.2. Financial outlook
21.2.3. Product summary
21.2.4. Recent developments
21.3. China Aerospace Science and Technology Corporation
21.3.1. Company details
21.3.2. Financial outlook
21.3.3. Product summary
21.3.4. Recent developments
21.4. Eurockot Launch Services
21.4.1. Company details
21.4.2. Financial outlook
21.4.3. Product summary
21.4.4. Recent developments
21.5. Indian Space Research Organisation
21.5.1. Company details
21.5.2. Financial outlook
21.5.3. Product summary
21.5.4. Recent developments
21.6. Mitsubishi Heavy Industries
21.6.1. Company details
21.6.2. Financial outlook
21.6.3. Product summary
21.6.4. Recent developments
21.7. Roscosmos
21.7.1. Company details
21.7.2. Financial outlook
21.7.3. Product summary
21.7.4. Recent developments
21.8. SpaceX
21.8.1. Company details
21.8.2. Financial outlook
21.8.3. Product summary
21.8.4. Recent developments
21.9. United Launch Alliance
21.9.1. Company details
21.9.2. Financial outlook
21.9.3. Product summary
21.9.4. Recent developments
21.10. Virgin Orbit
21.10.1. Company details
21.10.2. Financial outlook
21.10.3. Product summary
21.10.4. Recent developments
21.11. Others
22. List of Abbreviations
23. Reference Links
24. Conclusion
25. Research Scope