Satellite Launch Vehicle Market Share

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American satellite launch vehicle market will dominate, owing to an increase in Defence Expenditure and more bariatric procedures, which will boost the market growth in this Region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  SATELLITE LAUNCH VEHICLEMARKET SHARE BY REGION 2022 (%)

Source Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe's satellite launch vehicle market accounts for the second-largest market share due to the new entrants in the space launch services market and increasing technological advancements in launch technologies. Further, the German satellite launch vehicle Industry held the largest market share, and the UK satellite launch vehicle industry was the fastest-growing market in the European Region.

The Asia-Pacific satellite launch vehicle market is expected to grow at the fastest CAGR from 2023 to 2030. This is because they rapidly increase their investments in developing space infrastructure to cater to the growing demand. Moreover, China’s satellite launch vehicle industry held the largest market share, and the Indian satellite launch vehicle market was the fastest-growing market in the Asia-Pacific region.

Satellite Launch Vehicle Key Market Players& Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Satellite Launch Vehicle market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The satellite launch vehicle industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the satellite launch vehicle industry to benefit clients and increase the market sector. In recent years, the satellite launch vehicle industry has offered some of the most significant advantages to defense. Major players in the satellite launch vehicle market, including Space Exploration Technologies Corporation (US), Eurockot Launch Services GmbH (Germany), Bristol Airspace (UK), Kelly Space & Technology Inc. (US), Virgin Orbit (US), E-Prime Aerospace (US), Scaled Composites LLC (US) and others, are attempting to increase market demand by investing in research and development operations.

Orbital Express Launch Ltd., or Orbex, is a United Kingdom-based aerospace company developing a small commercial orbital rocket called Prime. Orbex is headquartered in Forres, Moray, Scotland, and has subsidiaries in Denmark and Germany. The U.K.-based rocket firm Orbex unveiled a prototype of its environmentally friendly small-satellite launching rocket. The reusable Prime rocket is the first micro-launcher developed in Europe. The company announced that it is preparing for the rocket's debut flight in a few months.

Northrop Grumman Corporation is an American multinational aerospace and defense technology company. With 90,000 employees and annual revenue of over $30 billion, it is one of the world's largest weapons manufacturers and military technology providers. Northrop Grumman Corporation's expertise brings technology solutions to life in autonomous systems, cyber, C4ISR, strike, space, and logistics and modernization for our customers around the globe. Northrop Grumman Corporation delivered the ESPAStar-D spacecraft bus to L3Harris Technologies. The platform supports the Navigation Technology Satellite-3 (NTS-3) mission for the Air Force Research Laboratory, which is scheduled to be launched from Cape Canaveral in 2022.

Key Companies in the Satellite Launch Vehicle market include.

• Northrop Grumman Corporation (US)


• Arca Space Corporation (US)


• Lockheed Martin Corporation (US)


• Boeing (US)


• Mitsubishi Heavy Industries Ltd (Japan)


• Blue Origin (US)


• Indian Space Research Organization (India)


• Space Exploration Technologies Corporation (US)


• Eurockot Launch Services GmbH (Germany)


• Bristol Airspace (UK)


• Kelly Space & Technology Inc. (US)


• Virgin Orbit (US)


• E-Prime Aerospace (US)


• Scaled Composites LLC (US)


• Brunswick Corporation

For Instance, May 2022 The U.K.-based rocket firm Orbex unveiled a prototype of its environmentally friendly small-satellite launching rocket. The reusable Prime rocket is the first micro-launcher developed in Europe. The company announced that it is preparing for the rocket's debut flight in a few months.

For Instance, September 2021 The Indian Space Research Organization (ISRO) announced that it is working on technologies that will enable it to land the GSLV Mk-III launch vehicles vertically, like SpaceX is doing, and recover the first and second stages. This will enable the space agency to reuse the GSLV Mk-III, thus helping it save money.

Satellite Launch Vehicle Market Segmentation

• Sun-Synchronous Orbit


• Medium Earth Orbit


• Low Earth Orbit


• Geosynchronous Orbit


• Number of Payloads


• Launch Activity


• Supplements

• Research & Development


• Navigation


• Communication


• Scientific


• Meteorology


• Earth Observation


• Remote Sensing

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America