Small Launch Vehicle Market by Product, Type, Payload, Stage, Platform, Subsystem, End-User

Description

List of Tables

[189 Pages Report] The Small Launch Vehicle Market size was estimated at USD 18.10 billion in 2023 and expected to reach USD 20.33 billion in 2024, at a CAGR 12.71% to reach USD 41.87 billion by 2030.

A small launch vehicle (SLV) is a rocket specifically designed to transport small satellites weighing less than 2,000 kilograms into space. The advent of SLVs has been pivotal in democratizing space access for commercial entities, academic institutions, and government agencies by offering a cost-effective and flexible alternative to larger rockets. The surge in their utilization can be attributed chiefly to the escalating demand for small satellite deployments in low earth orbit (LEO) for telecommunications, earth observation, and scientific research.

Additionally, advancements in technology and reduced manufacturing costs have further fueled their market growth. However, SLVs face specific challenges, including limited payload capacity and the logistical complexities of coordinating launch schedules. Addressing these issues requires innovative solutions that optimize capacity utilization and the development of more versatile and efficient rocket designs. The increasing deployment of satellite constellations, coupled with the burgeoning field of space tourism and the need for dedicated launch services, presents substantial opportunities for growth and innovation within the sector. Enhanced propulsion technologies, reusability features, and government incentives for private space ventures are likely to propel the evolution of SLVs, making them an integral component of the future aerospace landscape.

Regional Insights

In the Americas, particularly the United States, there is a robust ecosystem of companies that are innovating in the production and operational use of SLVs. The region benefits from a well-established space industry infrastructure and supportive government policies, fostering an environment conducive to the growth of SLV technologies. The use of SLVs in the Americas is primarily driven by the need to deploy small satellite constellations for communication, Earth observation, and research missions.

The Asia-Pacific region sees a burgeoning interest in SLVs, led by countries including India and New Zealand. The focus is more on developing cost-effective and reliable SLVs to capture a share of the growing small satellite launch market. The production facilities and technological infrastructure in APAC are rapidly evolving, with a strong emphasis on indigenous development and self-reliance. Europe is advancing in the development of versatile SLVs to secure its position in the competitive launch services market. The region benefits from a rich heritage of space exploration and an integrated approach to space technologies. The Middle East and Africa are still in the nascent stages of entering the SLV market, primarily utilizing launches through international partnerships while gradually building their capabilities.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Small Launch Vehicle Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rising number of activities related to space exploration and research
Growing adoption of satellites for environmental monitoring and weather forecasting

Market Restraints

High cost of development of small satellite launch vehicle (SSLV)

Market Opportunities

Government and private player interest in small satellite launch vehicle (SSLV) technology
Miniaturization of satellites and electronic components

Market Challenges

Stringent regulations concerning launch vehicles an technical limitations

Market Segmentation Analysis

Product: Increasing need for sophisticated SLVs for research activities in the geostationary orbit
End-user: Adoption of SLVs with high reliability and capacity by government agencies

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Small Launch Vehicle Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Small Launch Vehicle Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Latitude raises USD 30 million for small launch vehicle development

Latitude has secured USD 30 million in a series B funding round for the development and testing of Zephyr, the company's small launch vehicle capable of deploying payloads of up to 100 kilograms into low Earth orbit. Latitude's strategic vision extends to enhancing Zephyr's capability to ferry up to 200 kilograms by 2028, positioning it as a potential leader in the micro launcher industry amid Europe's urgent need to reclaim sovereignty in space launches. [Published On: 2024-01-23]

SKYRORA AND SPIRIT TO ENHANCE FUTURE UK LAUNCH CAPABILITY

Skyrora and Spirit AeroSystems have joined forces to enhance orbital launch capabilities and propel the UK to the forefront of the small satellite launch. This collaboration strides towards realizing the UK government's National Space Strategy, signifies space exploration, and underscores the burgeoning appeal of the UK's space launch sector to both domestic and international stakeholders. [Published On: 2023-11-21]

Voyager Space Signs Memorandum of Understanding with NewSpace India Limited to Explore Collaborative Opportunities in Space Technology

Voyager Space collaborated with NewSpace India Limited (NSIL) to leverage both parties' strengths in launching and deploying small satellites utilizing NSIL's Small Satellite Launch Vehicle (SSLV) and Polar Satellite Launch Vehicle (PSLV). The partnership extends to examining the utilization of NSIL's space-qualified components to augment spacecraft manufacturing, deployment, and operational capabilities. Leveraging ISRO's advanced launch infrastructure coupled with NSIL's proven track record in payload delivery significantly broadens the horizon for Voyager Space's global clientele, with the organization having previously successfully placed customer satellites into orbit via two PSLV missions. [Published On: 2023-07-07]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Small Launch Vehicle Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Small Launch Vehicle Market, highlighting leading vendors and their innovative profiles. These include ABL Space System, Agnikul Cosmos Private Limited, Ananth Technologies Ltd., Arianespace, Astra Space, Inc., Axelspace Corporation, CubeCab, Dawn Aerospace Limited, Dhruva Space Private Limited, Firefly Aerospace Inc., Gilmour Space Technologies, HyImpulse Technologies GmbH, IHI Aerospace Co., Ltd., Interorbital Systems, Isar Aerospace Technologies GmbH, Launcher Inc. by Vast Company, Mitsubishi Electric Corporation, Northrop Grumman Corporation, Orbital Express Launch Limited, Relativity Space, Inc., Rocket Lab USA, Inc., Skyroot Aerospace Private Limited, Skyrora Limited, and Vaya Space, Inc..

Market Segmentation & Coverage

This research report categorizes the Small Launch Vehicle Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product

Geostationary Orbit
Low Earth Orbit
Medium Earth Orbit

Type

Reusable
Single-use/Expendable

Payload

500-2,500 kg
<500 kg
>2,500 kg

Stage

Single Stage
Three Stage
Two Stage

Platform

Air Balloon
Land
Sea

Subsystem

Guidance, Navigation & Control Systems
Propulsion Systems
Structure

End-User

Academics
Commercial
Defense
Government

Region

Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas

Asia-Pacific

Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam

Europe, Middle East & Africa

Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Product Code: MRR-7C31448F0B9C

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising number of activities related to space exploration and research
  - 5.1.1.2. Growing adoption of satellites for environmental monitoring and weather forecasting
- 5.1.2. Restraints
  - 5.1.2.1. High cost of development of small satellite launch vehicle (SSLV)
- 5.1.3. Opportunities
  - 5.1.3.1. Government and private player interest in small satellite launch vehicle (SSLV) technology
  - 5.1.3.2. Miniaturization of satellites and electronic components
- 5.1.4. Challenges
  - 5.1.4.1. Stringent regulations concerning launch vehicles an technical limitations
5.2. Market Segmentation Analysis
- 5.2.1. Product: Increasing need for sophisticated SLVs for research activities in the geostationary orbit
- 5.2.2. End-user: Adoption of SLVs with high reliability and capacity by government agencies
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Small Launch Vehicle Market, by Product

6.1. Introduction
6.2. Geostationary Orbit
6.3. Low Earth Orbit
6.4. Medium Earth Orbit

7. Small Launch Vehicle Market, by Type

7.1. Introduction
7.2. Reusable
7.3. Single-use/Expendable

8. Small Launch Vehicle Market, by Payload

8.1. Introduction
8.2. 500-2,500 kg
8.3. <500 kg
8.4. >2,500 kg

9. Small Launch Vehicle Market, by Stage

9.1. Introduction
9.2. Single Stage
9.3. Three Stage
9.4. Two Stage

10. Small Launch Vehicle Market, by Platform

10.1. Introduction
10.2. Air Balloon
10.3. Land
10.4. Sea

11. Small Launch Vehicle Market, by Subsystem

11.1. Introduction
11.2. Guidance, Navigation & Control Systems
11.3. Propulsion Systems
11.4. Structure

12. Small Launch Vehicle Market, by End-User

12.1. Introduction
12.2. Academics
12.3. Commercial
12.4. Defense
12.5. Government

13. Americas Small Launch Vehicle Market

13.1. Introduction
13.2. Argentina
13.3. Brazil
13.4. Canada
13.5. Mexico
13.6. United States

14. Asia-Pacific Small Launch Vehicle Market

14.1. Introduction
14.2. Australia
14.3. China
14.4. India
14.5. Indonesia
14.6. Japan
14.7. Malaysia
14.8. Philippines
14.9. Singapore
14.10. South Korea
14.11. Taiwan
14.12. Thailand
14.13. Vietnam

15. Europe, Middle East & Africa Small Launch Vehicle Market

15.1. Introduction
15.2. Denmark
15.3. Egypt
15.4. Finland
15.5. France
15.6. Germany
15.7. Israel
15.8. Italy
15.9. Netherlands
15.10. Nigeria
15.11. Norway
15.12. Poland
15.13. Qatar
15.14. Russia
15.15. Saudi Arabia
15.16. South Africa
15.17. Spain
15.18. Sweden
15.19. Switzerland
15.20. Turkey
15.21. United Arab Emirates
15.22. United Kingdom

16. Competitive Landscape

16.1. Market Share Analysis, 2023
16.2. FPNV Positioning Matrix, 2023
16.3. Competitive Scenario Analysis
- 16.3.1. Latitude raises USD 30 million for small launch vehicle development
- 16.3.2. SKYRORA AND SPIRIT TO ENHANCE FUTURE UK LAUNCH CAPABILITY
- 16.3.3. Voyager Space Signs Memorandum of Understanding with NewSpace India Limited to Explore Collaborative Opportunities in Space Technology
16.4. Strategy Analysis & Recommendation

17. Competitive Portfolio

17.1. Key Company Profiles
17.2. Key Product Portfolio