Press release
Satellite Launch Vehicle Global Market Report 2025: Strong Growth with Major Trends, Market Size, and Key Players
Satellite Launch Vehicle Market
What Is The Projected Market Size Of The Global Satellite Launch Vehicle Global Market Report 2025 And Its Growth Rate?
The satellite launch vehicle market has witnessed significant expansion recently and is projected to continue this trajectory:
•2024 Market Size: $17.83 billion
•2025 Market Size: $20.38 billion (14.3% CAGR)
•2029 Projected Market Size: $32.98 billion (12.8% CAGR)
This growth hinges on factors such as government space programs, commercial satellite deployment, and technological readiness.
What Is Driving The Growth In The Satellite Launch Vehicle Global Market Report 2025?
The proliferation of satellite launches is propelling the growth of the satellite launch vehicle market. Satellite launch vehicles, or rockets, are custom-built to transport satellites and other payloads into space. These vehicles provide the necessary propulsion, guidance, and control systems to transport the satellite from the Earth's surface to its desired orbit. For instance, in 2022, data by the United Nations Office for Outer Space Affairs (UNOOSA), showed a global increase of 18% from 12,118 in 2021 to 14,281 objects launched into outer space. Such surges in satellite launches stimulate the satellite launch vehicle market.
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Who Are the Key Players Driving Satellite Launch Vehicle Global Market Report 2025 Growth?
Key companies operating in the satellite launch vehicle market include:
• Mitsubishi Heavy Industries Ltd.
• Northrop Grumman Corporation
• The Boeing Company
• Space Exploration Technologies Corp.
• Airbus SE, and More.
What Are The Key Trends In The Satellite Launch Vehicle Global Market Report 2025?
Major trends in the market include:
• Adoption of lighter materials and advanced manufacturing
• Focus on responsive and rapid launch capabilities
• Development of heavy-lift launch vehicles
• Integration of artificial intelligence in launch operations.
What Are The Segments Of The Global Satellite Launch Vehicle Global Market Report 2025?
The satellite launch vehicle market is segmented into different categories:
1) By Launch: Single Use or Expendable, Reusable
2) By Subsystem: Structure, Guidance, Navigation And Control Systems, Propulsion Systems, and more.
3) By Payload: 2,500kg
4) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Orbit (GEO)
5) By Application: Civil Satellite Launch, Military Satellite Launch
Which Region Leads The Satellite Launch Vehicle Global Market Report 2025?
Asia-Pacific remained the largest region in the satellite launch vehicle market in 2024, and is anticipated to be the fastest growing region in this market during the forecast period.
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What Is Covered In The Satellite Launch Vehicle Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Satellite Launch Vehicle Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Satellite Launch Vehicle Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Satellite Launch Vehicle Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Satellite Launch Vehicle Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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