Satellite Launch Vehicle (SLV) Market Report Scope & Overview:

Satellite Launch Vehicle (SLV) Market, Revenue Analysis

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The Satellite Launch Vehicle (SLV) Market Size was valued at USD 17.8 billion in 2023 and is expected to reach USD 48.26 billion by 2031 with an emerging CAGR of 13.2% over the forecast period 2024-2031.

Rising development in the satellite launch vehicle sector around the world for climate monitoring, route, correspondence, and remote detecting applications will aid the growth of the Satellite Launch Vehicle Market over the forecast time period. These satellite dispatch vehicles aid in the transportation of the shuttle to space. The dispatch vehicle, the platform, and several designs comprise the initial structure. The satellite dispatch trucks are arranged in a circle based on the mass delivered and the number of stages. Satellite dispatch vehicles use supports to provide initial thrust and reduce the weight of subsequent stages, allowing larger cargo to be carried into the circle.



  • Increasing Defense Expenditure & regular Military Satellite Launches

  • Important Space Industry Investment by Venture Capital Firms


  • High Development and launch costs


  • Reusable Launch Vehicles Development

  • The Creating Of launch Vehicles For Small Satellites


The COVID-19 epidemic has caused a few dispatch delays, inventory network disruptions, labour force shortages, and the disappearance of income streams for a few new enterprises and smaller players on the lookout. Recently, there has been a surge in interest in satellites from the general/government, commercial, and military sectors. Currently, nations such as the United States, India, China, Russia, Japan, and a few European countries have considerable satellite manufacturing capacity. However, with the growing movement toward assembly reasonable and less polished tiny satellites, it is typical that the satellite assembling base is expanding to a few different nations across the world.

The global satellite launch vehicle market is divided into four categories: orbit, payloads, launch activity, and applications. The market is divided into four categories based on orbit: sun-synchronous orbit (SSO), medium earth orbit (MEO), low earth orbit (LEO), and geosynchronous orbit (GEO). The market is divided into three sections based on payloads: primary alone, 6 to 10, and 2 to 5. The market is divided into two categories based on launch activity: non-commercial and commercial. The market is divided into applications such as research and development, navigation, communication, scientific, meteorology, earth observation, and remote sensing.

One of the key factors driving the growth of the satellite dispatch vehicle market is the increasing development of remote detection applications. However, administrative guidelines restricting the assets and information, as well as the sharing of advances identified with the dispatch inferable from critical applications, are critical factors controlling the development of the satellite dispatch vehicle market.

An increase in the size of the satellite launch vehicle market, with an emphasis on interplanetary missions and numerous follow-on missions planned, is expected to promote the growth of the satellite dispatch vehicle industry.

Several satellites represent the increase in satellite payloads market growth, and testing test dispatches act as drivers for the development of the Satellite Launch Vehicle Market.

Furthermore, larger government initiatives and private assets influence market development overall. However, significant startup costs connected to delivery administrations act as a market constraint. Furthermore, the small satellite launch vehicle market concerns addressed by organisations stifle industry progress. Another factor impeding market expansion is the lack of a skilled labour force and resistance to new technological improvements. Meanwhile, efforts to reduce the cost of dispatch administrations present a profitable opportunity for market players in the Satellite Launch Vehicle Market industry.


By Number of Payloads

  • Primary Only

  • 2 to 5

  • 6 to 10

By Launch Activity

  • Non-Commercial

  • Commercial

By Application

  • Research & Development

  • Navigation

  • Communication

  • Scientific

  • Meteorology

  • Earth Observation

  • Remote Sensing

By Orbit

  • Sun-Synchronous Orbit

  • Medium Earth Orbit

  • Low Earth Orbit

  • Geosynchronous Orbit


North America accounts for around 55% of the market. The presence of key market participants, the widespread use of cutting-edge technologies, and the availability of a large technically skilled workforce all contribute to the expansion of the regional satellite launch vehicle market.

The APAC market is expected to grow at the fastest rate, of more than 4%, in the future years, due to an increase in satellite launches for space exploration and communication. Furthermore, the increasing participation of private firms and government expenditure to develop the 5G network boost market growth.


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  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The Major Players are Blue Origin, Space Exploration Technologies Corporation, Eurockot Launch Services GmbH, Bristol Airspace, Arca Space Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, Boeing, Mitsubishi Heavy Industries, Ltd, Indian Space Research Organization and Other Players

Blue Origin-Company Financial Analysis

Company Landscape Analysis

Satellite Launch Vehicle Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 17.8 Billion
Market Size by 2031 US$ 48.26 Billion
CAGR CAGR of 13.2% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Number of Payloads (Primary Only, 2 to 5 and 6 to 10)
• By Launch Activity (Non-Commercial and Commercial)
• By Application (Research & Development, Navigation, Communication, Scientific, Meteorology, Earth Observation, and Remote Sensing)
• By Orbit (Sun-Synchronous Orbit [SSO], Medium Earth Orbit [MEO], Low Earth Orbit [LEO], and Geosynchronous Orbit [GEO])
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Blue Origin, Space Exploration Technologies Corporation, Eurockot Launch Services GmbH, Bristol Airspace, Arca Space Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, Boeing, Mitsubishi Heavy Industries, Ltd, Indian Space Research Organization.
DRIVERS • Increasing Defense Expenditure & regular Military Satellite Launches
• Important Space Industry Investment by Venture Capital Firms
RESTRAINTS • High Development and launch costs

Frequently Asked Questions

The market size of the Satellite Launch Vehicle Market is expected to reach USD 48.26 billion by 2031.

The growth rate of the Satellite Launch Vehicle Market is 13.2% during the forecast period.

Blue Origin, Space Exploration Technologies Corporation, Eurockot Launch Services GmbH, Bristol Airspace, Arca Space Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, Boeing, Mitsubishi Heavy Industries, Ltd, and Indian Space Research Organization are leading players in the Satellite Launch Vehicle Market.

North America region dominated the Satellite Launch Vehicle Market.

Satellite Launch Vehicle Market is segmented into 4 categories: By Number of payloads, By Launch Activity, By Orbit, and By Application.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia War

4.3 Impact of Ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Satellite Launch Vehicle Market Segmentation, By Number of Payloads

8.1 Primary Only

8.2 2 to 5

8.3 6 to 10

9. Satellite Launch Vehicle Market Segmentation, By Launch Activity

9.1 Non-Commercial

9.2 Commercial

10. Satellite Launch Vehicle Market Segmentation, By Application

10.1 Research & Development

10.2 Navigation

10.3 Communication

10.4 Scientific

10.5 Meteorology

10.6 Earth Observation

10.7 Remote Sensing

11. Satellite Launch Vehicle Market Segmentation, By Orbit

11.1 Sun-Synchronous Orbit

11.2 Medium Earth Orbit

11.3 Low Earth Orbit

11.4 Geosynchronous Orbit

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

13. Company Profiles

13.1 Blue Origin

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Space Exploration Technologies Corporation

13.3 Eurockot Launch Services GmbH

13.4 Bristol Airspace

13.5 Arca Space Corporation

13.6 Lockheed Martin Corporation

13.7 Northrop Grumman Corporation

13.8 Boeing

13.9 Mitsubishi Heavy Industries, Ltd

13.10 Indian Space Research Organization

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share Analysis

14.3 Recent Developments

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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