Small Launch Vehicle Market Competitive Landscape and Regional Forecast To 2030


Posted June 24, 2021 by bisrsrch

The purpose of the market analysis is to examine the SLV market outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.
 
The SLV market is at a cusp of technological changes, as the adoption of additive manufacturing (AM) in the space industry is increasing. AM has the ability to manufacture hollow complex parts, which, in turn, leads to a reduction in the overall weight of the component and cost of vehicle. However, there will be a tremendous increase in the launch vehicle scheduling, especially by small satellite constellation developers, which were earlier dependent on large satellite launch providers to send their small satellites as secondary payload. Small launch vehicles provide dedicated launch services and are, therefore, expected to add exponential value to the overall launch industry.

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The growth in the small launch vehicle (SLV) market is majorly attributed to the increasing demand for dedicated and rideshare launch services from end users, such as defense, government, academic, and commercial. Over the past years, the number of small satellite constellations has increased tremendously, owing to the low cost associated with their development and launch. Thus, it is fostering the market of SLV in the coming years. The market has evolved in developed regions, such as North America and Europe, and is gaining popularity in regions such as the Asia Pacific, and Rest-of-the-World (RoW) including Middle East, Latin America, and Africa.

Apart from the growth-driving factors, the SLV market is also witnessing several challenges, such as developing a dedicated and low-cost launching satellite for SLV. In order to offer reliable and robust SLV services, manufacturers tends to have a global reach with a large set of SLVs for each payload range. The acceptance of SLVs across defense, commercial, government, and academic end users for various applications is largely due to an increase in the deployment of small satellites. Additionally, the growing investment from large space organizations, such as NASA, ISRO, CASIC, JAXA, and ESA, for the development of low-cost and reusable small launch vehicles has propelled the growth of the SLV market, globally.

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The global small launch vehicle (SLV) market is one of the most competitive industries with the leading players actively competing against each other to gain a greater share in the industry. The competitive landscape of the SLV market exhibits an inclination toward emerging strategies and developments by market players. The key players that are actively participating in the global SLV market include CubeCab, EUROCKOT Launch Services GmbH, IHI Corporation, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Mitsubishi Heavy Industries, Ltd., Orbital ATK, Inc., Rocket Lab USA, Inc., Space Exploration Technologies Corp., Spacefleet Ltd., and The Boeing Company.

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Issued By BIS RSRCH
Country United States
Categories Business , News , Research
Tags small launch vehicle , small launch vehicle market
Last Updated June 24, 2021