Small Launch Vehicle Market Opportunities 2031
The Small Launch Vehicle Market is expected to register a CAGR of 15.9% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product Type (Upto 20 Kg, 20-50 Kg, 50-200 Kg, 200-500 Kg, 500-1200 Kg); Launch Activity (Non-Commercial, Commercial); Application (Navigation, Communication, Earth Observation, Remote Sensing, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Small Launch Vehicle Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Small Launch Vehicle Market Segmentation
Product Type- Upto 20 Kg
- 20-50 Kg
- 50-200 Kg
- 200-500 Kg
- 500-1200 Kg
- Non-Commercial
- Commercial
- Navigation
- Communication
- Earth Observation
- Remote Sensing
- Others
Strategic Insights
Small Launch Vehicle Market Growth Drivers- More Demand For The Small Satellites: The key driver in the small launch vehicle market has been the growing deployment of small satellites for earth observation, communication, and scientific research. These satellites require dedicated launch services; thus, their deployment is related to an increasing demand for cost-effective and reliable small launch vehicles.
- The Cost-Effectiveness of Small Launch Vehicles: Launch rockets were cheaper in launching smaller payloads into space as compared to heavier ones. The cost factors coupled with payload efficiency optimization have therefore resulted in the demand for low launch vehicles among startups, among other small companies seeking ways of cutting every corner.
- Emergence of Cubesats and NanoSatellites: The proliferation of CubeSats and nanosatellites is having a massive impact on the small launch vehicle market. As miniature satellites are increasingly used in multiple applications, there has been a motivation for designing special launch vehicles capable of efficiently carrying multiple small payloads to orbit.
- Growth of Dedicated Small Launch Providers: Dedicated small launch providers are an emerging trend of the market. Companies specializing in small satellite launches are constantly coming up with tailored service offers, making the business environment competitive, innovative and beneficial to customers for space mission deployment.
- Increased Frequency of Launches: There is a trend to increase the frequency of small satellite launches. With the rising demand, the providers are streamlining their launch processes to accommodate more frequent missions, thereby improving the overall capacity and responsiveness of the small launch vehicle market.
- Upcoming Small Satellite Launches: The upcoming small satellite launches is one of the major factors likely to generate new opportunities for small launch vehicle market in the coming years. For instance, more, than 18,000 small satellites are expected to be launched during 2021-2035 which is further likely to drive the market for small launch vehicle in the coming years.
- Concentrate on International Markets: International markets, in particular, offer huge opportunities for small launch vehicle providers. Countries across the world are investing in their space capabilities. Companies can provide launch services to fill the increasing demand for satellite deployment in emerging economies.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Small Launch Vehicle Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Small Launch Vehicle Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Small Launch Vehicle Market is estimated to witness a CAGR of 15.9% from 2023 to 2031
The major factors driving the small launch vehicle market are:
1. Small Satellite Launches
2. Commercialization in Space Sector
Some of the major trends driving the small launch vehicle market are:
1. Rising Adoption of Ridesharing
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Small Launch Vehicle Market - By Product Type
1.3.2 Small Launch Vehicle Market - By Application
1.3.3 Small Launch Vehicle Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SMALL LAUNCH VEHICLE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SMALL LAUNCH VEHICLE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SMALL LAUNCH VEHICLE MARKET - GLOBAL MARKET ANALYSIS
6.1. SMALL LAUNCH VEHICLE - GLOBAL MARKET OVERVIEW
6.2. SMALL LAUNCH VEHICLE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SMALL LAUNCH VEHICLE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. < 20 KG
7.3.1. Overview
7.3.2. < 20 kg Market Forecast and Analysis
7.4. 6.3. 20 KG - 50 KG
7.4.1. Overview
7.4.2. 6.3. 20 kg - 50 kg Market Forecast and Analysis
7.5. 6.4. 50 KG - 200 KG
7.5.1. Overview
7.5.2. 6.4. 50 kg - 200 kg Market Forecast and Analysis
7.6. 6.5. 200 KG - 500 KG
7.6.1. Overview
7.6.2. 6.5. 200 kg - 500 kg Market Forecast and Analysis
7.7. 6.6. 500 KG - 1
7.7.1. Overview
7.7.2. 6.6. 500 kg - 1 Market Forecast and Analysis
7.8. 200 KG
7.8.1. Overview
7.8.2. 200 kg Market Forecast and Analysis
8. SMALL LAUNCH VEHICLE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ACADEMIC
8.3.1. Overview
8.3.2. Academic Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. GOVERNMENT
8.5.1. Overview
8.5.2. Government Market Forecast and Analysis
8.6. DEFENSE
8.6.1. Overview
8.6.2. Defense Market Forecast and Analysis
8.7. NON-PROFIT ORGANIZATION
8.7.1. Overview
8.7.2. Non-Profit Organization Market Forecast and Analysis
9. SMALL LAUNCH VEHICLE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Small Launch Vehicle Market Overview
9.1.2 North America Small Launch Vehicle Market Forecasts and Analysis
9.1.3 North America Small Launch Vehicle Market Forecasts and Analysis - By Product Type
9.1.4 North America Small Launch Vehicle Market Forecasts and Analysis - By Application
9.1.5 North America Small Launch Vehicle Market Forecasts and Analysis - By Countries
9.1.5.1 United States Small Launch Vehicle Market
9.1.5.1.1 United States Small Launch Vehicle Market by Product Type
9.1.5.1.2 United States Small Launch Vehicle Market by Application
9.1.5.2 Canada Small Launch Vehicle Market
9.1.5.2.1 Canada Small Launch Vehicle Market by Product Type
9.1.5.2.2 Canada Small Launch Vehicle Market by Application
9.1.5.3 Mexico Small Launch Vehicle Market
9.1.5.3.1 Mexico Small Launch Vehicle Market by Product Type
9.1.5.3.2 Mexico Small Launch Vehicle Market by Application
9.2. EUROPE
9.2.1 Europe Small Launch Vehicle Market Overview
9.2.2 Europe Small Launch Vehicle Market Forecasts and Analysis
9.2.3 Europe Small Launch Vehicle Market Forecasts and Analysis - By Product Type
9.2.4 Europe Small Launch Vehicle Market Forecasts and Analysis - By Application
9.2.5 Europe Small Launch Vehicle Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Small Launch Vehicle Market
9.2.5.1.1 Germany Small Launch Vehicle Market by Product Type
9.2.5.1.2 Germany Small Launch Vehicle Market by Application
9.2.5.2 France Small Launch Vehicle Market
9.2.5.2.1 France Small Launch Vehicle Market by Product Type
9.2.5.2.2 France Small Launch Vehicle Market by Application
9.2.5.3 Italy Small Launch Vehicle Market
9.2.5.3.1 Italy Small Launch Vehicle Market by Product Type
9.2.5.3.2 Italy Small Launch Vehicle Market by Application
9.2.5.4 United Kingdom Small Launch Vehicle Market
9.2.5.4.1 United Kingdom Small Launch Vehicle Market by Product Type
9.2.5.4.2 United Kingdom Small Launch Vehicle Market by Application
9.2.5.5 Russia Small Launch Vehicle Market
9.2.5.5.1 Russia Small Launch Vehicle Market by Product Type
9.2.5.5.2 Russia Small Launch Vehicle Market by Application
9.2.5.6 Rest of Europe Small Launch Vehicle Market
9.2.5.6.1 Rest of Europe Small Launch Vehicle Market by Product Type
9.2.5.6.2 Rest of Europe Small Launch Vehicle Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Small Launch Vehicle Market Overview
9.3.2 Asia-Pacific Small Launch Vehicle Market Forecasts and Analysis
9.3.3 Asia-Pacific Small Launch Vehicle Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Small Launch Vehicle Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Small Launch Vehicle Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Small Launch Vehicle Market
9.3.5.1.1 Australia Small Launch Vehicle Market by Product Type
9.3.5.1.2 Australia Small Launch Vehicle Market by Application
9.3.5.2 China Small Launch Vehicle Market
9.3.5.2.1 China Small Launch Vehicle Market by Product Type
9.3.5.2.2 China Small Launch Vehicle Market by Application
9.3.5.3 India Small Launch Vehicle Market
9.3.5.3.1 India Small Launch Vehicle Market by Product Type
9.3.5.3.2 India Small Launch Vehicle Market by Application
9.3.5.4 Japan Small Launch Vehicle Market
9.3.5.4.1 Japan Small Launch Vehicle Market by Product Type
9.3.5.4.2 Japan Small Launch Vehicle Market by Application
9.3.5.5 South Korea Small Launch Vehicle Market
9.3.5.5.1 South Korea Small Launch Vehicle Market by Product Type
9.3.5.5.2 South Korea Small Launch Vehicle Market by Application
9.3.5.6 Rest of Asia-Pacific Small Launch Vehicle Market
9.3.5.6.1 Rest of Asia-Pacific Small Launch Vehicle Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Small Launch Vehicle Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Small Launch Vehicle Market Overview
9.4.2 Middle East and Africa Small Launch Vehicle Market Forecasts and Analysis
9.4.3 Middle East and Africa Small Launch Vehicle Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Small Launch Vehicle Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Small Launch Vehicle Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Small Launch Vehicle Market
9.4.5.1.1 South Africa Small Launch Vehicle Market by Product Type
9.4.5.1.2 South Africa Small Launch Vehicle Market by Application
9.4.5.2 Saudi Arabia Small Launch Vehicle Market
9.4.5.2.1 Saudi Arabia Small Launch Vehicle Market by Product Type
9.4.5.2.2 Saudi Arabia Small Launch Vehicle Market by Application
9.4.5.3 U.A.E Small Launch Vehicle Market
9.4.5.3.1 U.A.E Small Launch Vehicle Market by Product Type
9.4.5.3.2 U.A.E Small Launch Vehicle Market by Application
9.4.5.4 Rest of Middle East and Africa Small Launch Vehicle Market
9.4.5.4.1 Rest of Middle East and Africa Small Launch Vehicle Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Small Launch Vehicle Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Small Launch Vehicle Market Overview
9.5.2 South and Central America Small Launch Vehicle Market Forecasts and Analysis
9.5.3 South and Central America Small Launch Vehicle Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Small Launch Vehicle Market Forecasts and Analysis - By Application
9.5.5 South and Central America Small Launch Vehicle Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Small Launch Vehicle Market
9.5.5.1.1 Brazil Small Launch Vehicle Market by Product Type
9.5.5.1.2 Brazil Small Launch Vehicle Market by Application
9.5.5.2 Argentina Small Launch Vehicle Market
9.5.5.2.1 Argentina Small Launch Vehicle Market by Product Type
9.5.5.2.2 Argentina Small Launch Vehicle Market by Application
9.5.5.3 Rest of South and Central America Small Launch Vehicle Market
9.5.5.3.1 Rest of South and Central America Small Launch Vehicle Market by Product Type
9.5.5.3.2 Rest of South and Central America Small Launch Vehicle Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SMALL LAUNCH VEHICLE MARKET, KEY COMPANY PROFILES
11.1. CUBECAB
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CATENA SPACE LTD
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. EUROCKOT LAUNCH SERVICES GMBH
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ISRAEL AEROSPACE INDUSTRIES LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LOCKHEED MARTIN CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NORTHROP GRUMMAN INNOVATION SYSTEMS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ROCKET LAB USA, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SPACE EXPLORATION TECHNOLOGIES CORP.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SPACEFLEET
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. BOEING
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. CubeCab
2. Catena Space Ltd
3. EUROCKOT Launch Services GmbH
4. Israel Aerospace Industries Ltd
5. Lockheed Martin Corporation
6. Northrop Grumman Innovation Systems
7. Rocket Lab USA, Inc.
8. Space Exploration Technologies Corp.
9. Spacefleet
10. Boeing
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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