Projected Value of the Satellite Launch Vehicle Industry to Reach $29.1 Billion by 2027

1. ProjectedValueoftheSatelliteLaunch Vehicle Industry to Reach $29.1 Billion by 2027 According to the latest market research the report "Satellite Launch Vehicle Market byVehicle(Small(<350,000Kg),MediumtoHeavy(>350,000Kg)),Payload(<500Kg, 500-2,500 Kg, >2,500 Kg), Orbit, Launch, Stage, Subsystem, Service and Region - Global Forecast to 2027"The Satellite launch vehiclemarket is estimated to be USD 15.7 billionin2022andisprojected toreachUSD29.1billionby 2027, at a during the Increasing CAGR of 13.1% forecast period. space tourism, small satellite constellations, reusable launch vehicles are driving the growth of the satellite launch vehicle market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=115959224 Based on Payload, the <500 Kg segment is expected to grow at the highest CAGR during the forecastperiod. 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 weighlessthan500kg.Smallsatellitesarealsousedforin-orbitinspectionoflarger satellites. The growth of <500 Kg segment can be attributed to the increasing rise in number of small satelliteconstellations. BasedonVehicle,theSmall(<350,000Kg)segmentisprojectedtogrowatthe highest CAGR during the forecastperiod. Small(<350,000Kg)segmentisprojectedtogrowatthehighestCAGRinthesatellite launch vehicle market. The growth of this segment is attributed to the due to more targetedpayloaddelivery:SmallLaunchVehiclescandeliverpayloadstoveryspecific 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 largerrockets. Basedonregion,theAsiaPacificsegmentisleadthemarketduringtheforecast period.

2. TheAsiaPacificregionisexpectedtoleadtheSatellitelaunchvehiclemarketin2022. ChinaandIndiaareoneofthemajorglobalplayerspresentintheAsiaPacific,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 togarner influence and clients for their launchvehicles. Key MarketPlayers 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 AsiaPacific. Ask for Sample Report@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=115959224 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. 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