The global small launch vehicle market size was USD 1.05 Billion in 2021 and is expected to register a revenue CAGR of 13.2% during the forecast period. according to the latest analysis by Emergen Research. Market revenue growth of small launch vehicles can be attributed to the growing demand for dedicated launch vehicles for small satellites. Demand for small launch vehicles is increasing due to increasing association among space agencies for shared launches, where larger satellite determines the launch date and orbital path.
The Small Launch Vehicle Market report provides an in-depth analysis of the market on the basis of various parameters such as sales analysis, major driving factors, market trends, prime market players, prime investment pockets and market size, that aid in formulating sound business strategies and making informed decisions. The global Small Launch Vehicle Market report covers an overview of the market and outlines market definition and scope. The ongoing technological developments and surge in demand have an influential effect on the market growth.
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Some Key Highlights
- In June 2021, Gilmour Space Technologies, a startup based in Australia, announced raising USD 61 million in Series C funding to launch Eris in space. Eris, a small launch vehicle, is a 25-meter rocket capable of delivering a payload of up to 215 Kg to sun synchronous orbit.
- By platform, the land segment contributed to a larger revenue share in 2020. Majority of small launch vehicles take off from locations on land. Land platform as launch base offers ease of assembling the launch vehicle, fuel handling, easy availability of launch spacecraft, proper mating of launch vehicle and spacecraft, such as satellite and inspecting launch readiness. Also, launching from a current, fixed land platform is the least expensive. In the case of mobile land launchers, the cost is a bit high due to the development necessary for mobility features.
- By propellant, the liquid segment accounted for the largest revenue share in 2020. In a liquid propellant launch vehicle, fuel and oxidizer are kept in separate tanks and are supplied through a system of turbo pumps, valves, and pipes to a combustion chamber to generate the thrust. Liquid-fueled small launch vehicles have higher specific impulses as compared to solid-fueled vehicles. Also, liquid-fueled launch vehicles can be throttled, shut, and restarted. Launch vehicles using turbo pumps allow propellant tanks to be at very much less pressure as compared to combustion chamber
The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Major Players/Manufacturers profiled in the report are:
Blue Origin, LLC, Space Exploration Technologies Corp (SpaceX), Interorbital Systems Corporation, Arianespace SA, CubeCab, Israel Aerospace Industries Ltd., China Aerospace Science and Technology Corporation, Lockheed Martin Corporation, Spacefleet Ltd., Northrop Grumman Corporation, and IHI Corporation.
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Emergen Research has segmented the global small launch vehicle market on the basis of platform, payload range, propellant, end-use, and region:
- Platform Outlook (Revenue, USD Billion; 2019-2030)
- Land
- Sea
- Air
- Balloon
- Payload Range Outlook (Revenue, USD Billion; 2019-2030)
- 0-500 Kg
- 501-2,200 Kg
- Propellant Outlook (Revenue, USD Billion; 2019-2030)
- Solid
- Liquid
- Hybrid
- End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Commercial
- Defense
- Government
- Academics
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Research Methodology
Using secondary sources such as company websites, annual reports, press releases, financial data, investor presentations, articles, news, white papers, certified publications, and government publishing sources as a starting point for the research methodology used to estimate and forecast the size of the Global Small Launch Vehicle Market. In addition, the research takes into account vendor offers in order to categorise the market.
Using this data, the research then calculates the size of the global Small Launch Vehicle market using a bottom-up approach. Primary research included thorough interviews with senior executives, chief executive officers, and directors, as well as vice presidents (VPs) and managers to determine the size of the market. These categories and sub-segments were then confirmed and validated by secondary research. Data triangulation processes are then used to complete the total market engineering process and arrive at precise statistics for all segments and sub-segments
Major Regions Covered in the Small Launch Vehicle Market Report:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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