Global Satellite Launch Vehicle Market to Surpass $29 Billion by 2027

1. GlobalSatellite Launch Vehicle Market to Surpass $29 Billion by2027 This Report analyzes the Satellite Launch Vehicle Marketfrom 2022 to 2027. It discussesvariousindustryandtechnologytrendscurrentlyprevailinginthesatellite launch vehicle marketalong with the factors that drive, restrain, and challenge the market growth globally. The satellite launch vehicle market is projected to grow fromUSD15.7billionin2022 to 29.1 billion by 2027, at a CAGR of 13.1%. Factorssuch as increasing use of reusable launch vehicles, outsourcing the launch vehicle production, dedicated small satellite launch vehicles are driving the marketgrowth. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=115959224 BasedonPayload,the>2,500segmentisexpectedtoleadthesatellitelaunchvehicle market in 2022. Satellite payloads of more than 2,500 kg are generally classified as large satellites. Large satellites have a wet mass (including fuel) above 2,500 kg. These satellites have large satellite buses and solar arrays to allow for more transponders, large antennae, greater processing capacity, and more energy production.Largesatellitesarecommonlylaunchedingeostationaryorbit(GEO)and can conduct scientific missions in deep space. They are the most expensive to manufacture,havethelargestformfactor,andlastforabout15yearsinspace.There has been substantial growth in the number of large satellites launched into space, whichhasresultedinincreaseddemandforcommunicationsubsystemsrequiredfor thesesatellites. In February 2023, SpaceX (US) launched a commercial communications satellite. A Falcon 9 rocket carrying the Amazonas Nexus satellite for the Spanish company Hispasat lifted off from Cape Canaveral Space Force Station in Florida, US. The Falcon 9's first stage came back to Earth for a vertical touchdown 8.5 minutes after liftoff asplanned. BasedonVehicle,thesmall(<350,000Kg)segmentisexpectedtogrowatthehighest CAGR during the forecast period. A small satellite launch vehicle is a rocket orbital launch vehicle capable of lifting 2,000 kg (4,400 lb.) of payload into Low Earth Orbit (LEO). Due to the enormous demand for communications and imaging services on a global scale, the market for tiny satellites is expanding more rapidly than ever. The flexibility of a dedicated launch on a small launcher is substantially high, and scheduling is simple because it helps modify thesatellite.

2. Basedonlaunch,thesingle-use/expendablesegmentisexpectedtohavethehighest share in 2022. Single-use launch vehicles are commonly used for satellite launches and other space missions that require a relatively small payload. They are typically smaller and less complex than reusable launch vehicles, which makes them less expensive to manufacture andoperate. Thereareseveraltypesofsingle-uselaunchvehicles,includingtheDeltaIIandDelta IV rockets manufactured by United Launch Alliance (ULA) (US) and the Ariane 5 rocket manufacturedby Arianespace SA (France). These rockets are used by space agencies and private companies around the world for a variety of missions, from scientific research to telecommunications and militarysurveillance. Based on region, the Asia Pacific region is estimated to lead the market in 2022. China is the country to lead the market in the region. The satellite launch vehicle market in China has been growing rapidly in recent years, driven by the country's ambitious space program and increasing demand for satellite launches. China has become a major player in the global satellite launch vehicle market, offering competitive prices and reliable launchservices. China's commercial launch industry is dominated by two state-owned companies, China Aerospace Science and Technology Corporation (CASC) and China Aerospace Science and Industry Corporation (CASIC). CASC is responsible for the development and production of the Long March rockets, while CASIC focuses on smaller launch vehicles and satellitesystems. Key MarketPlayers Companiesaredeployingdifferentstrategiestoachievegrowthinthesatellitelaunch vehicle market. SpaceX (US), United Launch Alliance, LLC (US), NorthropGrumman Corporation (US), and Blue Origin (US) are focused on North America, while Mitsubishi Heavy Industries (Japan) focuses on the Asia Pacific region. These five companies are all strong in their home regions and are exploring geographic diversification alternatives to grow their businesses. These companies have reliable manufacturing facilities as well as strong distribution networks across key regions, such as North America and Asia Pacific. These companies have products with wider applications, a larger product footprint, significant market share and broader geographical use cases. They have established a strong market presence, reputable products with a strong businessstrategy. News Also Covered: https://www.prnewswire.com/news-releases/satellite-launch- vehicle-market-worth-29-1-billion-by-2027---exclusive-report-by- marketsandmarkets-301780669.html AboutMarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth forclients.

3. TheB2Beconomyiswitnessingtheemergenceof$25trillionofnewrevenuestreams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Contact: Mr. Aashish Mehra MarketsandMarkets™INC. 630 DundeeRoad Suite 430 Northbrook, IL60062 USA:1-888-600-6441