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Satellite Launch Vehicle (SLV) Market Share

Report ID: GMI2853
Published Date: Aug 2023
Report Format: PDF

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Satellite Launch Vehicle Market Share

Satellite launch vehicle market is highly competitive owing to the presence of key players such:

ABL Space Systems
ARCA Space
Arianespace SA
Blue Origin
EPrime Aerospace
Eurockot Launch Services
Firefly Aerospace
Gilmour Space Technologies
Mitsubishi Heavy Industries
Northrop Grumman Corporation Relativity Space
Rocket Lab
Skyrora Limited
SpaceX
United Launch Alliance LLC

Industry participants are expected to expand their foothold in the commercial industry with growing investments in facility centers & acquisitions. Significant R&D investments to gain technological competitiveness and aggressive business strategies including technological launches, collaborations & long-term agreements with clients to capture the market share are positively impacting the market.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for satellite launch vehicle reached USD 14.4 billion in 2022 and will register 12.5% CAGR from 2023-2032 due to its widespread usage in communication, navigation, earth observation, scientific research, and national security worldwide.

Satellite launch vehicle market from the reusable segment registered 40% share in 2022 and will witness substantial growth by 2032 on account of innovations in propulsion systems, materials science, reentry technology, and landing mechanisms.

North America recorded 35% share of the satellite launch vehicle industry in 2022 and is expected to garner significant CAGR from 2023-2032 owing to the growing technological advancements and strategic initiatives in the region.

ABL Space Systems, ARCA Space, Arianespace SA, Blue Origin, EPrime Aerospace, Eurockot Launch Services, Firefly Aerospace, Gilmour Space Technologies, Mitsubishi Heavy Industries, and Northrop are some of the major satellite launch vehicle companies worldwide.