Global Small Launch Vehicle Market Size to Exceed USD 4.40 Billion by 2033: Market Study Report

Global Small Launch Vehicle Market Size to Exceed USD 4.40 Billion by 2033                

According to a research report published by Spherical Insights & Consulting, The Global Small Launch Vehicle Market Size Expected to Grow from USD 1.53 Billion in 2023 to USD 4.40 Billion by 2033, at a CAGR of 11.14% during the forecast period 2023-2033.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Small Launch Vehicle Market Size, Share, and COVID-19 Impact Analysis, By Propulsion (Solid, Liquid, and Hybrid), By Launch Platform (Land, Air, and Sea), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033  

Launch vehicles (rockets) that can transport a maximum payload of 2,200 kg to low Earth orbit (LEO) in a single flight, whether dedicated or rideshared, are referred to as small launch vehicles (SLVs). Around the world, small-lift launch vehicles have been developed and in use since the mid-1950s. Additionally, the market for SLVs is expected to develop as a result of the numerous uses for small satellites, such as communication, space exploration, and Earth observation.  A number of initiatives, like Airborne Launch Assist Space Access (ALASA), aim to develop an affordable way to launch tiny satellites. Additionally, it is projected that ALASA will introduce tiny launch systems that will offer more routine, dependable, and reasonably priced access to space for less than $1 million each launch through thorough testing of new technologies and research and development. However, the market's growth is being impeded by constraints associated with the high cost of SLVs. Many nations continue to refrain from investing in the field of small launch vehicles because of this lack of cost-effectiveness.

The liquid segment is expected to hold the largest share of the global small launch vehicle market during the projected timeframe.                           

The global small launch vehicle market is segmented by propulsion into solid, liquid, and hybrid. Among these, the liquid segment is expected to hold the largest share of the global small launch vehicle market during the projected timeframe. The utilization of alternate fuels, including methane, and the creation of reusable engines are two recent developments in liquid propulsion technology that have greatly improved operations and decreased costs.

The land segment is expected to grow at the fastest CAGR during the projected timeframe.       

Based on the launch platform, the global small launch vehicle market is categorized as land, air, and sea. Among these, the land segment is expected to grow at the fastest CAGR during the projected timeframe. Building a land-based launch facility is less complicated and costly than building a sea or air platform. Initial investment costs can be decreased by establishing the infrastructure for land launches, including as launch pads, assembly facilities, and support systems, with reasonable ease.

Asia Pacific is projected to hold the largest share of the global small launch vehicle market over the forecast period.

Asia Pacific is projected to hold the largest share of the global small launch vehicle market over the forecast period. The number of satellites launches in the area is increasing, especially for communication and remote sensing uses. International space agencies like the China National Space Administration (CNSA) and the Indian Space Research Organization (ISRO) support this trend. SLV capabilities are the focus of these agencies' significant investments.

North America is expected to grow at the fastest CAGR growth of the global small launch vehicle market during the forecast period. Commercial satellite operators and government organizations are driving the region's strong demand for SLVs, especially for the deployment of small satellites in Low Earth Orbit (LEO) for uses including remote sensing and communication. Businesses that are spearheading commercial space exploration, including SpaceX and Blue Origin, are boosting competition and innovation in the SLV industry.

Company Profiling 
Major vendors in the global small launch vehicle market are Galactic Energy, Rocket Labs, SpaceX, Gilmour Space Technologies, Isar Aerospace, Blue Origin, Skyrora, Relativity Space, United Launch Alliance, Indian Space Research Organization (ISRO), Firefly Aerospace, Astra, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In June 2024, the international pioneer in space systems and launch services, Rocket Lab USA, revealed that it has inked the biggest electric launch contract in its history, a 10-year agreement with Synspective, a Japanese land surveying firm.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global small launch vehicle market based on the below-mentioned segments: 

Global Small Launch Vehicle Market, By Propulsion

• Solid
• Liquid
• Hybrid

Global Small Launch Vehicle Market, By Launch Platform

• Land
• Air
• Sea

Global Small Launch Vehicle Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa