Vadodara News Flash

Satellite Launch Vehicle Market worth $29.1 billion by 2027, at a CAGR of 13.1%

 Breaking News
  • No posts were found

Satellite Launch Vehicle Market worth $29.1 billion by 2027, at a CAGR of 13.1%

April 06
06:32 2023
Satellite Launch Vehicle Market worth $29.1 billion by 2027, at a CAGR of 13.1%
Satellite Launch Vehicle Market
Satellite Launch Vehicle Market is expected to reach USD 29.1 billion by 2027 from USD 15.7 billion in 2022 growing, at a CAGR of 13.1% during forecast year

The report “Satellite Launch Vehicle Market by Vehicle (Small (<350,000 Kg), Medium to Heavy (>350,000 Kg)), Payload (2,500 Kg), Orbit, Launch, Stage, Subsystem, Service and Region – Global Forecast to 2027” The Satellite launch vehicle market is estimated to be USD 15.7 billion in 2022 and is projected to reach USD 29.1 billion by 2027, at a CAGR of 13.1% during the forecast period. Increasing space tourism, small satellite constellations, reusable launch vehicles are driving the growth of the satellite launch vehicle market.

Request For Customisation –  https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=115959224

Browse 216 market data Tables and 44 Figures spread through 219 Pages and in-depth TOC on “Satellite Launch Vehicle Market by Vehicle, Orbit, Launch, Stage, Subsystem, Service and Region – Global Forecast to 2027”

View detailed Table of Content herehttps://www.marketsandmarkets.com/Market-Reports/satellite-launch-vehicle-market-115959224.html

Satellite Launch Vehicle Market

Based on Payload, the

Satellite payloads less than 500 KG are generally classified as small satellites. Small satellites are low-weight and compact satellites primarily employed for remote sensing, Earth observation, and communication purposes. These satellites usually weigh less than 500 kg. Small satellites are also used for in-orbit inspection of larger satellites. The growth of

Based on Vehicle, the Small (< 350,000 Kg) segment is projected to grow at the highest CAGR during the forecast period.

Small (< 350,000 Kg) segment is projected to grow at the highest CAGR in the satellite launch vehicle market. The growth of this segment is attributed to the due to more targeted payload delivery: Small launch vehicles can deliver payloads to very specific orbits or trajectories, which can be important for certain scientific or commercial applications. They can also provide access to orbital regimes that are not easily reached by larger rockets. 

Speak to Analyst – https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=115959224

Based on region, the Asia Pacific segment is lead the market during the forecast period.

The Asia Pacific region is expected to lead the Satellite launch vehicle market in 2022. China and India are one of the major global players present in the Asia Pacific, which invests heavily in the development of launch vehicle technologies. Smaller Asian countries are expanding their space programs, purchasing or establishing SATCOM services, and exploiting the CubeSat revolution to build Earth observation satellites. Asian countries, such as Indonesia and Singapore use these developments to garner influence and clients for their launch vehicles.

Major players operating in the Satellite launch vehicle market include SpaceX (US), United Launch Alliance, LLC (US), Northrop Grumman Corporation (US), and Blue Origin (US), Mitsubishi Heavy Industries (Japan) among others. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific.

Don’t miss out on business opportunities in Satellite Launch Vehicle Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/satellite-launch-vehicle-market-115959224.html

Related Articles