The Global Small Lift Launch Vehicle Market size is projected to grow from USD 5.3 billion in 2019 to USD 9.4 billion by 2028, at a CAGR of 7.6% during the forecast period. The increased demand for launching satellites and other spacecraft into space has led to an increase in the number of small lift launch vehicles being manufactured across the world, which has also led to a rise in competition among manufacturers and suppliers of these systems.
A Small Lift Launch Vehicle is a type of launch vehicle, which has the ability to deliver payloads into space but is not as heavy and expensive. It can be used for commercial purposes like launching communications satellites or small scientific missions.
A lighter weight means that it takes less fuel (or even none at all) to get off the ground, making them cheaper than more traditional rockets. They are also much smaller in size, so they take up significantly less room on their launcher pad - another cost-saving measure designed to make these vehicles commercially viable alternatives when compared with the larger rockets previously used by NASA.
On the basis of Types, the market is segmented into Sounding Rocket, Small-Lift Launch Vehicle, Medium-Lift Launch Vehicle, and Heavy Lift Launch Vehicles.
Sounding Rockets are rockets intended to fly less than a few hundred kilometers into space and then fall back. They are usually used in atmospheric research, as well as for weather forecasting or satellite launch missions (e.g., NASA). Sounding Rocket is also known by other names such as the suborbital launcher, sounding rocket or sub-launcher.
A small-lift Launch Vehicle is a type of launch vehicle that can carry payloads with mass from 100 kg to 500kg into low Earth orbit. It has enough thrust and power for payloads in the range of 250 to 1000 kg, which is typically used for small satellites such as CubeSats or microgravity research missions.
A medium-lift launch vehicle, which is capable of carrying payloads between 20 and 50 metric tons into low Earth orbit (LEO) or geostationary transfer orbit (GTO), is usually used to conduct scientific research. In addition, a number of commercial companies also use these vehicles for performing satellite launches.
Heavy Lift Launch Vehicles are a type of launch vehicle in the form of rockets and spaceplanes that have lift capabilities to carry payloads heavier than 20,000 kg (44,0937 lb). The heavy-lift rocket is one that has more capability of carrying payloads. They can be used for missions such as launching satellites into Earth’s orbit or putting spacecraft on other bodies in outer space like Mars.
On the basis of Application, the market is segmented into Academic, Commercial, Government, Defense, Non-Profit Organizations.
Small lift launch vehicles are used to carry out experiments that cannot be performed on a sounding rocket or satellite due to their size and weight. These vehicles are mostly used by universities and government agencies for educational purposes too, like space sciences programs at schools using them to teach students about aerodynamics and other related subjects while giving them hands-on experience with designing rockets.
Small Launch Vehicles are used in commercial applications for the following three reasons i.e to launch small payloads into space. To meet the specialized needs of a low-Earth orbit, such as launching multiple satellites at one time or performing missions with important scientific objectives. It can also be useful to change an initial trajectory after the first burn of the rocket engine due to weather conditions and other factors that affect flight safety.
As part of reusable spacecraft development programs aimed at reducing costs by designing vehicles capable both of reaching Earth orbit and returning safely back from there without needing expensive refueling on ground control stations prior to each mission.
Small launch vehicles are relatively cheap, making them an attractive option for government agencies. They require less infrastructure to support a mission and have shorter flight times, which makes it easier to get the payload into orbit. The small size of these rockets gives governments more flexibility with their missions.
These types of launches can be used as target practice or military maneuvers that would not otherwise be possible because they're too dangerous or expensive with larger rocket types. It is also cheaper when launching satellites at lower altitudes because there's no need for such heavy-duty protection during ascent and descent phases due to the smaller forces involved.
Small lift Launch Vehicles are used for launching satellites or other payloads into Low Earth Orbit. The military typically uses them to deploy sensors and communications equipment, but they can also be used as unmanned combat aerial vehicles (UCAV).
The Non-Profit Organization is the most prominent user of Small Lift Launch Vehicle. The organization utilizes this type of vehicle to carry out their research and development work in remote areas where they are not able to construct an installation or infrastructure, such as a rocket launch pad. They also use one for conducting scientific experiments that can be done near the ground which do not need high altitude conditions.
On the basis of Region, the market is segmented into North America, Europe, Asia Pacific, and Middle East & Africa. The North American market is the major contributor to the global market share owing to its large aerospace industry and also because of an increasing number of small satellites being launch.
Asia Pacific area is growing at an increased rate as compared to other regions due to the rise in satellite launches and rising demand for Small Launch Vehicle services by various government agencies.
The global small lift launch vehicle market is expected to witness a high growth owing to the presence of favorable factors such as increased demand for commercial and defense services, growing investments in space programs by developing nations, increasing government support for new projects, and development of reusable vehicles.
A reduction in satellite costs has also contributed to this market's growth. Furthermore, the emergence of private sector companies that are focused on providing rocket-based transport services has made more people aware of the need for low-cost access to space. All these factors combined together make it an attractive proposition where many players want their share in this emerging industry which will lead towards higher revenues from this segment over a time span.
Up Market Research published a new report titled “Small lift Launch Vehicle Sales Market research report which is segmented by Types (Sounding Rocket, Small-Lift Launch Vehicle, Medium-Lift Launch Vehicle, Heavy-Lift Launch Vehicle, Super-Heavy Lift Vehicle), By Applications (Academic, Commercial, Government, Defense, Non-Profit Organization), By Players/Companies IHI Aerospace, SAST, CALT, CASIC, GKNPTs Khrunichev, KCST”.
Report Attributes | Report Details |
Report Title | Small lift Launch Vehicle Sales Market Research Report |
By Type | Sounding Rocket, Small-Lift Launch Vehicle, Medium-Lift Launch Vehicle, Heavy-Lift Launch Vehicle, Super-Heavy Lift Vehicle |
By Application | Academic, Commercial, Government, Defense, Non-Profit Organization |
By Companies | IHI Aerospace, SAST, CALT, CASIC, GKNPTs Khrunichev, KCST |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 221 |
Number of Tables & Figures | 155 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Sounding Rocket, Small-Lift Launch Vehicle, Medium-Lift Launch Vehicle, Heavy-Lift Launch Vehicle, Super-Heavy Lift Vehicle and By Application Academic, Commercial, Government, Defense, Non-Profit Organization.
Some of the companies that are profiled in this report are:
Small lift Launch Vehicle Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Small lift Launch Vehicle Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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