Product Code: PM3257
The global satellite launch vehicle market size is expected to reach USD 46,708.29 million by 2032, according to a new study by Polaris Market Research. The report "Satellite Launch Vehicle Market Share, Size, Trends, Industry Analysis Report, By Orbit (GEO, MEO, LEO, SSO); By Payload (0-150 kg, 150-1000 kg, Above 1000 kg); By End-Use; By Region; Segment Forecast, 2023- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The commercial space industry is experiencing a surge in competition and growing demand for affordable access to space. Launch vehicle producers are leveraging advanced manufacturing processes and technology to reduce costs and stay competitive. This has led to increased payload launches expected in the next decade. However, the small launch vehicle market is already crowded, with over 75 companies developing or operating vehicles. To ensure long-term sustainability, launch service providers who establish an early market presence and demonstrate reliability in delivering customer payloads are the most likely candidates to thrive.
Outsourcing manufacturing has become a prevalent trend in the launch vehicle industry due to several factors. Cost savings are a key driver, as outsourcing production allows companies to benefit from lower labor and material costs in other countries. This is especially advantageous for large-scale projects, where significant cost reductions can be achieved. Additionally, outsourcing enables launch vehicle companies to access specialized knowledge and leverage the latest manufacturing techniques and technologies. Collaborating with specialized manufacturers enhances production efficiency and quality.
There is a growing demand for launch vehicles catering to small satellites. These smaller spacecrafts, called CubeSats or nanosatellites, offer cost-effective and agile solutions for various applications. Launch providers are adapting to this demand by providing dedicated rideshare missions and customized launch services for small satellite operators.
The market is experiencing a shift towards commercial launch services. Private companies like SpaceX, Blue Origin, and Rocket Lab have emerged as major players, bringing innovation, reusability, and competitive pricing to the market. Reusable rocket technology has gained momentum, allowing for cost reductions and increased launch frequency. Moreover, the market is becoming more competitive, with new players entering and established companies engaging in partnerships and acquisitions to enhance their capabilities and market presence. Government initiatives and collaborations drive the market, providing support, funding, and regulatory frameworks for domestic launch capabilities.
Satellite Launch Vehicle Market Report Highlights
LEO segment holds the largest revenue shares of the market and likely to continue its dominance over the forecast period. LEO is a close orbit to Earth, ranging from a few hundred kilometers to around 2,000 kilometers, were satellites complete rapid orbits within hours.
150-1000 kg segment accounted for the largest market share in 2022. Due to launch vehicle's payload range of 150-1000 kg indicates its capability to launch satellites or payloads within that weight range.
Communication segment is anticipated to hold the fastest growth during the forecast period with the highest CAGR. SLVs enable communication services like television broadcasting, internet connectivity, and telecommunication through different types of orbits such as GTO, MEO, LEO, and small satellite launches.
North America dominated the global market with the largest market shares. Due to the region has the prominent players, and also involvement of government agencies, and continuously increasing the satellite-based services.
The global key market players include: ABL Space Systems, Arianespace, Astra Space, Inc., Blue Origin, China Aerospace Science and Technology Corporation (CASC), Firefly Aerospace Inc., Interorbital Systems, Mitsubishi Heavy Industries, Northrop Grumman Corporation, Rocket Lab USA, Inc., SpaceX, and United Launch Alliance, LLC.
Polaris Market Research has segmented the satellite launch vehicle market report based on orbit, payload, end-use, and region:
Satellite Launch Vehicle, Orbit Outlook (Revenue - USD Million, 2019 - 2032)
Satellite Launch Vehicle, Payload Outlook (Revenue - USD Million, 2019 - 2032)
- 0-150 kg
- 150-1000 kg
- Above 1000 kg
Satellite Launch Vehicle, End-Use Outlook (Revenue - USD Million, 2019 - 2032)
- Communication
- Earth Observation and Science
- Navigation
- Meteorology
- Others
Satellite Launch Vehicle, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Satellite Launch Vehicle Market Insights
- 4.1. Satellite Launch Vehicle Market - Payload Snapshot
- 4.2. Satellite Launch Vehicle Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing demand for satellite-based services
- 4.2.1.2. Increasing number of private and public space missions
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Developing and launching an SLV can be an expensive process
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Satellite Launch Vehicle Market Payload Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Satellite Launch Vehicle Market, by Orbit
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 5.3. GEO
- 5.3.1. Global Satellite Launch Vehicle Market, by GEO, by Region, 2019-2032 (USD Million)
- 5.4. MEO
- 5.4.1. Global Satellite Launch Vehicle Market, by MEO, by Region, 2019-2032 (USD Million)
- 5.5. LEO
- 5.5.1. Global Satellite Launch Vehicle Market, by LEO, by Region, 2019-2032 (USD Million)
- 5.6. SSO
- 5.6.1. Global Satellite Launch Vehicle Market, by SSO, by Region, 2019-2032 (USD Million)
6. Global Satellite Launch Vehicle Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 6.3. Communication
- 6.3.1. Global Satellite Launch Vehicle Market, by Communication, by Region, 2019-2032 (USD Million)
- 6.4. Earth Observation and Science
- 6.4.1. Global Satellite Launch Vehicle Market, by Earth Observation and Science, by Region, 2019-2032 (USD Million)
- 6.5. Navigation
- 6.5.1. Global Satellite Launch Vehicle Market, by Navigation, by Region, 2019-2032 (USD Million)
- 6.6. Meteorology
- 6.6.1. Global Satellite Launch Vehicle Market, by Meteorology, by Region, 2019-2032 (USD Million)
- 6.7. Others
- 6.7.1. Global Satellite Launch Vehicle Market, by Others, by Region, 2019-2032 (USD Million)
7. Global Satellite Launch Vehicle Market, by Payload
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 7.3. 0-150 kg
- 7.3.1. Global Satellite Launch Vehicle Market, by 0-150 kg, By Region, 2019-2032 (USD Million)
- 7.4. 150-1000 kg
- 7.4.1. Global Satellite Launch Vehicle Market, by 150-1000 kg, By Region, 2019-2032 (USD Million)
- 7.5. Above 1000 kg
- 7.5.1. Global Satellite Launch Vehicle Market, by Above 1000 kg, By Region, 2019-2032 (USD Million)
8. Global Satellite Launch Vehicle Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Satellite Launch Vehicle Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Satellite Launch Vehicle Market - North America
- 8.3.1. North America: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.3.2. North America: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.3.3. North America: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.3.4. Satellite Launch Vehicle Market - U.S.
- 8.3.4.1. U.S.: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.3.5. Satellite Launch Vehicle Market - Canada
- 8.3.5.1. Canada: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.4. Satellite Launch Vehicle Market - Europe
- 8.4.1. Europe: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.4.2. Europe.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.4.3. Europe: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.4.4. Satellite Launch Vehicle Market - UK
- 8.4.4.1. UK: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.4.4.3. UK: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.4.5. Satellite Launch Vehicle Market - France
- 8.4.5.1. France: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.4.5.2. France.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.4.5.3. France: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.4.6. Satellite Launch Vehicle Market - Germany
- 8.4.6.1. Germany: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.4.7. Satellite Launch Vehicle Market - Italy
- 8.4.7.1. Italy: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.4.8. Satellite Launch Vehicle Market - Spain
- 8.4.8.1. Spain: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.4.9. Satellite Launch Vehicle Market - Netherlands
- 8.4.9.1. Netherlands: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.4.10. Satellite Launch Vehicle Market - Russia
- 8.4.10.1. Russia: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.5. Satellite Launch Vehicle Market - Asia Pacific
- 8.5.1. Asia Pacific: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.5.4. Satellite Launch Vehicle Market - China
- 8.5.4.1. China: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.5.4.2. China.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.5.4.3. China: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.5.5. Satellite Launch Vehicle Market - India
- 8.5.5.1. India: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.5.5.2. India.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.5.5.3. India: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.5.6. Satellite Launch Vehicle Market - Malaysia
- 8.5.6.1. Malaysia: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.5.7. Satellite Launch Vehicle Market - Japan
- 8.5.7.1. Japan: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.5.8. Satellite Launch Vehicle Market - Indonesia
- 8.5.8.1. Indonesia: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.5.9. Satellite Launch Vehicle Market - South Korea
- 8.5.9.1. South Korea: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.6. Satellite Launch Vehicle Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.6.4. Satellite Launch Vehicle Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.6.5. Satellite Launch Vehicle Market - UAE
- 8.6.5.1. UAE: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.6.6. Satellite Launch Vehicle Market - Israel
- 8.6.6.1. Israel: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.6.7. Satellite Launch Vehicle Market - South Africa
- 8.6.7.1. South Africa: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.7. Satellite Launch Vehicle Market - Latin America
- 8.7.1. Latin America: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.7.3. Latin America: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.7.4. Satellite Launch Vehicle Market - Mexico
- 8.7.4.1. Mexico: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.7.5. Satellite Launch Vehicle Market - Brazil
- 8.7.5.1. Brazil: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
- 8.7.6. Satellite Launch Vehicle Market - Argentina
- 8.7.6.1. Argentina: Satellite Launch Vehicle Market, by Orbit, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Satellite Launch Vehicle Market, by Payload, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Satellite Launch Vehicle Market, by Application, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. ABL Space Systems
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Arianespace
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Astra Space, Inc.
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Blue Origin
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. China Aerospace Science and Technology Corporation (CASC)
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Firefly Aerospace Inc.
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Interorbital Systems
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Mitsubishi Heavy Industries
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Northrop Grumman Corporation
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Rocket Lab USA, Inc.
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. SpaceX
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. United Launch Alliance, LLC.
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development