The global satellite launch vehicle market is anticipated to grow at a significant CAGR of 12.8% during the forecast period (2024–2031). The market growth is attributed to the rising number of space missions globally. Entry of private players into the space exploration industry has fastened the rate of mission and investment, which has positively impacted the satellite launch vehicle market. For instance, in December 2023, according to the Indian Department of Space, the Indian start-up space market seen an upward trend from just 1 start-up in the space sector in 2012, industry to 189 start-ups in 2023. The funding received by these start-ups reached a total of $124.7 million in 2023 from $67.2 million in 2021.
Browse the full report description of “Satellite Launch Vehicle Market Size, Share & Trends Analysis Report by Vehicle (Small and Medium to Heavy), by Launch (Single use/expendable, and Reusable), by Stage (Single Stage, Two Stage, and Three Stage), by Sub-Systems (Structure, Guidance, Navigation & Control System, Propulsion System, Telemetry, Tracking & Command System, Electrical Power System, And Separation System)., by Payload (<500 Kg, 500-2,500 Kg, and > 2,500 Kg), and by Orbit (Low Earth Orbit (LEO), Medium Earth Orbit (MEO), and Geostationary Orbit (GEO)). Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/satellite-launch-vehicle-market
Moreover, India has upgraded its policies to leverage the most from its space capabilities. For instance, in February 2024, the Indian cabinet approves an amendment in the Foreign Direct Investment (FDI) policy on the space sector. The policy aims to augment space capabilities; develop a flourishing commercial presence in space; use space as a driver of technology development and derived benefits in allied areas; pursue international relations and create an ecosystem for effective implementation of space applications among all stakeholders. Under the amended FDI policy, 100.0% FDI is allowed in the space sector with differentiation based on products and components.
Market Coverage
• The market number available for 2023-2031
• Base year: 2024
• Forecast period: 2024-2031
• Segment Covered-
o By Vehicle
o By Launch
o By Stage
o By Sub-systems
o By Payload
o By Orbit
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape Includes-Space Exploration Technologies Corp., Blue Origin Enterprises, L.P., United Launch Alliance, LLC, Indian Space Research Organization (ISRO), and National Aeronautics and Space Administration (NASA), among others.
Key questions addressed by the report
Global Satellite Launch Vehicle Market Report Segment
By Vehicle
By Launch
By Stage
By Sub-systems
By Payload
By Orbit
Global Satellite Launch Vehicle Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
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