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Base Year: 2024
Companies covered: 19
Tables & Figures: 388
Countries covered: 19
Pages: 185
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2025, July. Small Launch Vehicle (SLV) Market - By Propulsion Type, By Capacity, By Reusability, By Launch Platform, By End Use, Growth Forecast, 2025 - 2034 (Report ID: GMI14508). Global Market Insights Inc. Retrieved September 4, 2025, from https://www.gminsights.com/industry-analysis/small-launch-vehicle-market
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Small Launch Vehicle (SLV) Market
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Small Launch Vehicle Market Size
The global small launch vehicle market was valued at USD 1.6 billion in 2024. The market is expected to grow from USD 1.8 billion in 2025 to USD 3.2 billion in 2030 and USD 5.1 billion in 2034, growing at a CAGR of 12.1% during the forecast period of 2025-2034.
Top two companies hold 21% market share
Collective market share in 2024 is 31.7%
Small Launch Vehicle Market Trends
Small Launch Vehicle Market Analysis
On the basis of propulsion type, the small launch vehicle (SLV) market is divided into solid propulsion, liquid propulsion and hybrid propulsion.
On the basis of reusability, the small launch vehicle market is divided into reusable SLVs and non-reusable SLVs.
On the basis of end use, the small launch vehicle market is segmented into government & military and commercial.
North America held a market share of 34.6% in 2024 and is expected to grow at a CAGR of 11.1% during the forecast period 2025 - 2034. In North America, the SLV market is the most advanced due to robust private investments, defense-supported initiatives, and a growing ecosystem of small satellites. The North America region is still experiencing a shift towards rapid, responsive launch capabilities tailored to government and commercial users.
Europe accounted for 19% of the global small launch vehicle market in 2024 and is anticipated to grow with a CAGR of 12.5% during the forecast period. Europe’s investment in SLV innovation is growing, particularly in the UK and Germany, driven by regional autonomy and growing interest in the small satellite industry.
Asia-Pacific held a share of 41.6% in the global small launch vehicle market and is the fastest-growing region with a 13.1% CAGR during the forecast period. Rapid development of the small launch vehicle (SLV) market within the Asia-Pacific region is being driven by proactive government initiatives, increasing participation from the private sector, and heightened regional demand for satellite services. Nations like China, Japan, and India are propelling investments in indigenous SLV capabilities to gain strategic autonomy and diversify commercial offerings.
In 2024, the Middle East and Africa held a share of 2.1% and is anticipated to grow at a 5.1% CAGR during the forecast period 2025 - 2034. The MEA region is emerging and gradually growing in the global small launch vehicle market, driven by national space policies, sovereign satellite initiatives, and ambitions to develop end-to-end space ecosystems.
Small Launch Vehicle Market Share
Small Launch Vehicle Market Companies
Major players operating in the small launch vehicle (SLV) market are:
Small Launch Vehicle Industry News
The small launch vehicle market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2021 to 2034, for the following segments:
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Market, By Propulsion Type
Market, By Capacity
Market, By Reusability
Market, By Launch Platform
Market, By End Use
The above information is provided for the following regions and countries: