Global Satellite Launch Vehicle (SLV) Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. Satellite launch vehicles carry a payload from the surface to outer space such as satellites and spacecraft. These vehicles are primarily used to place the satellites in their particular orbits. They are operated with widespread infrastructure facilities like vehicle assembly, launch pads, range safety, fueling systems, and others. The growth of the private space industry, the increasing space budget for satellite launches, coupled with the rising number of small satellite launches are the key factors fostering the market demand around the world. According to Statista, the overall government investment in space exploration worldwide during 2018-2022 is estimated to account for USD 81 billion and it is projected to reach USD 93 billion in the forecasted period of 2023-2027. Thereby, rising government initiatives are stimulating market growth in the near future. However, the high cost of satellite launches and several regulatory rules and restrictions impede the growth of the market over the forecast period of 2022-2028. Also, the growing need for a robust communication network and rising expenditure by the governments and space companies on space exploration programs are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Satellite Launch Vehicle (SLV) Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising development of the private space sector, and the presence of various prominent market players. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028 owing to factors such as rising research and development activities as well as rising growth of remote sensing applications, would create lucrative growth prospects for the SLV Market across the Asia-Pacific region.

Major market players included in this report are:

Lockheed Martin Corporation

ISIS - Innovative Solutions In Space B.V.

ArianeGroup SAS

GeoOptics, Inc.

Maxar Technologies Inc

Mitsubishi Heavy Industries, Ltd.

Northrop Grumman Corporation

Raytheon Technologies

The Boeing Company

Viasat, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Orbit:

Sun-Synchronous Orbit (SSO)

Medium Earth Orbit (MEO)

Low Earth Orbit (LEO)

Geosynchronous Orbit (GEO)

By Payload:

Below 500 kg

Between 501 to 2,500 kg

Above 2,500 kg

By Application:

Research and Development

Communication & Navigation

Meteorology & Remote Sensing

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020

Base year - 2021

Forecast period - 2022 to 2028

Target Audience of the Global Satellite Launch Vehicle (SLV) Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors