The global small launch vehicle market is projected to reach $4.62 billion in terms of revenue by 2032, at a CAGR of 13.34%, reveals the premium market intelligence study by BIS Research.
Since the middle of the 1950s, small-lift launch vehicles have been in development and operation across the globe. 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.
Start-ups and other emerging market players are adopting technology such as reusable first stage and 3D printing to reduce the launch cost of SLVs.
The detailed study is a compilation of 95 Market Data Tables and 20 Figures spread through 204 Pages and in-depth TOC on “Small Launch Vehicle Market – Analysis and Forecast, 2022-2032”
USP of the Report
This exclusive report on the small launch vehicle market will help you with:
Analyst’s Take on the Market:
According to Nilopal Ojha, Team Lead, BIS Research, “The market potential of the small launch vehicle (SLV) is anticipated to propel due to the increasing demand for small satellites for various applications such as Earth observation, communication, navigation, and surveying. Emerging satellite manufacturers focus on building smaller satellites at a cheaper cost, resulting in an increase in the commercial application of satellites. Key market players are reducing their launch costs by adapting technology, such as 3D printing and the reusable first stage of launch vehicles, to facilitate the deployment of these satellites. This enables affordability and accessibility for smaller economies across the globe. Rideshare and dedication provided by the launch service providers will further proliferate the small launch vehicle (SLV) market during the forecast period 2022-2032.”
View the report on Small Launch Vehicle Market
Key Companies Operating in the Market and Competitive Landscape
The companies profiled in the report have been selected through 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.
Key Questions Answered in the Report:
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