The Satellite Launch Vehicle Global Market Report 2023, provides comprehensive information on the satellite launch vehicle market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global satellite launch vehicle market size is expected to grow from $13.79 billion in 2022 to $15.85 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The satellite launch vehicle market size is expected to reach $26.39 billion in 2027 at a CAGR of 13.6%.
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Reusable launch vehicle technology advancements are a key trend gaining popularity in the satellite launch vehicle market. Major companies operating in the satellite launch vehicle market are focused on developing products with advanced technologies, such as 3D printing, to strengthen their position in the market. For instance, in April 2023, Relativity Space, a US-based aerospace manufacturing company, launched Terran R, a reusable launch vehicle constructed using advanced 3D-printed aluminum technology. The Terran R boasts impressive specifications, standing at 270 feet tall with a two-stage configuration, an 8-foot diameter, and a 5-meter payload fairing. With a focus on first-stage reusability, it can launch payloads of up to 23,500 kg to low Earth orbit (LEO) or 5,500 kilograms to a geosynchronous transfer orbit (GTO) while allowing for a controlled landing.
The satellite launch vehicle market is segmented:
1) By Launch: Single Use Or Expendable, Reusable
2) By Subsystem: Structure, Guidance, Navigation And Control Systems, Propulsion Systems, Telemetry, Tracking And Command Systems, Electrical Power Systems, Separation Systems
3) By Payload: <500 Kg, 500-2,500 Kg, >2,500 Kg
4) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Orbit (GEO)
5) By Application: Civil Satellite Launch, Military Satellite Launch
Asia-Pacific was the largest region in the satellite launch vehicle market in 2022.
The table of contents in TBRC’s satellite launch vehicle market report includes:
- Executive Summary
- Satellite Launch Vehicle Market Characteristics
- Satellite Launch Vehicle Market Trends And Strategies
- Satellite Launch Vehicle Market – Macro Economic Scenario
- Satellite Launch Vehicle Market Size And Growth
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- Africa Satellite Launch Vehicle Market
- Satellite Launch Vehicle Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Satellite Launch Vehicle Market
- Satellite Launch Vehicle Market Future Outlook and Potential Analysis
- Appendix
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