Global Small Launch Vehicle (SLV) Market Anticipated to Reach $7.65 Billion by 2030, Reports BIS Research
FREMONT, Calif., Sept. 3, 2020 /PRNewswire/ -- The Global Small Launch Vehicle (SLV) Market is projected to reach $7.65 billion by 2030, reveals a premium market intelligence study by BIS Research. The study also highlights that the market is set to witness a CAGR of 24.36% during the forecast period, 2020-2030.
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The small launch vehicle (SLV) is used for launching payload consisting of lightweight satellite/payloads into various orbits. The rise in deployment of small and microsatellites for multiple commercial, academic, and military applications into low earth orbit (LEO) has spurred demand for dedicated launches though SLVs. In addition, reduction in overall launch costs through major global sites, and the increasing usage of advanced manufacturing technologies to develop lightweight components and reusable launch vehicles are some of the other factors which are expected to create lucrative opportunities for the global SLV market in the next decade.
According to Nilopal Ojha, Lead Analyst at BIS Research, "The rising demand for small satellite constellation across various end users, such as commercial, academic, military, and government, is forcing the SLV manufacturers to develop products with more advanced technologies. Moreover, a significant increase in investment by leading companies and large space organizations to develop advanced manufacturing capabilities for providing affordable launch services is expected to boost the growth of the market during the forecast period."
Browse market Data Tables and Figures spread through 224 Pages, and in-depth TOC on "Global Small Launch Vehicle (SLV) Market".
Who is best benefitted from this study?
-- Manufacturers of rockets and small launch vehicles providing ridesharing
and dedicated launch services
-- Component providers including providers of propulsion system, structure,
avionics, and electronics, among others
-- Launch service providers, leading space universities/educational
institutions, government space agencies, and research & development
agencies that are involved in formulating regulations for the space
industry
-- Private investors who are interested to understand the business of
rocket companies providing low-cost launch services
How does this study enable confident and strategic business decisions?
The organizations make use of the study and insights in the report therein to evaluate options and make strategic decisions. The study supports these key strategies:
A. Product/Innovation Strategy
-- Know about the key trends impacting the small launch vehicle market,
along with information on new technologies that are being adopted by
launch vehicle and propulsion system manufacturers;
-- Find out about the demand for launch vehicles and components for small
launch vehicles that will get shaped over the next ten years.
B. Growth/Market Strategy
-- Know which category of payload range (<20 kg, 20 kg-150 kg, 151 kg-500
kg, 501 kg-1,200 kg, 1,201 kg-2,200 kg) is expected to dominate the SLV
market in the coming years;
-- Know which end user of the SLV market (commercial, academic, military,
government, and non-profit) is expected to dominate the market in the
coming years;
-- Find out the estimated revenue to be generated by the global small
launch vehicle (SLV) market across different regions (North America,
Europe, Asia-Pacific, and Rest-of-the-World) during the forecast period;
-- Know about the major satellite constellations and their service provider
scenario in the next ten years.
C. Competitive Strategy
-- Know which players will be catering to the demand for different end user
and payload type and how are they benchmarked against each other in
different regions and countries;
-- Find out which are the start-up companies that are attracting major
investment in the SLV market;
-- Get detailed insights and information on key companies operating in this
market, including their growth strategies, as well as how they compete
against each other at a global, regional, and country-level.
View the Report from BIS Research - Global Small Launch Vehicle (SLV) Market - Analysis and Forecast, 2020-2030
What makes BIS Research's study and this product special?
-- Regional and Country-Level Deep Dive - BIS Research's global reports
come with a complimentary deep dive section of major start-ups and their
developments, at a regional level along with key countries of those
regions.
-- Companies Profiled: Key insights are drawn from in-depth interviews with
key opinion leaders of more than 50 leading companies, market
participants, and vendors. The key players profiled in the report
include Aerojet Rocketdyne (U.S.), Dawn Aerospace (New Zealand), SpaceX
(U.S), Armstrong Siddeley (U.K.), Momentus Space (U.S.), Rocket Lab USA,
Inc. (U.S.), Spacefleet Ltd. (U.K.), The Boeing Company (U.S.), Blue
Origin, LLC. (U.S.), Masten Space Systems, Inc. (U.S.), Mitsubishi Heavy
Industries, Ltd. (Japan), and Northrop Grumman Corporation (U.S.).
-- Primaries: Primary research includes interviews with various
participants throughout the value chain of the small launch vehicle
industry. Additionally, online surveys of the participants have been
conducted to understand the supply and demand from different
stakeholders in the launch service industry.
-- Patent Coverage: The patent coverage includes the study of more than 190
patents from various manufacturers across leading countries such as the
U.S., China, Russia, and South Korea.
-- Research Methodology: The research methodology adopted for this specific
study includes a mix of data collected from primary and secondary
sources. The secondary research study involves the usage of extensive
databases available from government agencies and associations such as
National Aeronautics and Space Administration (NASA), European Space
Agency (ESA), Japan Aerospace Exploration Agency JAXA, Indian Space
Research Organisation (ISRO), Union of Concerned Scientists (UCS), and
Satellite Industry Association (SIA), along with information available
on company websites and in their annual reports.
-- BIS Analyst Recommendations: The study also offers strategic
recommendations that can help organizations in tracking various
products, trends, and technologies that are changing the dynamics of the
market. The recommendations by BIS Research also offer bespoke research
services to help organizations meet their objectives.
Request for a Sample: https://bisresearch.com/requestsample?id=915&type=download
Related Reports:
-- Global Small Satellite Market - Analysis and Forecast, 2019-2030
-- Global Space Propulsion System Market - Analysis and Forecast, 2020-2025
-- Global 5G Satellite Communication Market - Analysis and Forecast,
2021-2030
-- Global Space Electronics Market - Analysis and Forecast, 2019-2024
About BIS Research
BIS Research is a global leader in providing actionable insights and intelligence on deep and emerging technologies, many of which are likely to disrupt businesses and markets, typically over the next ten years. Our endeavor is to deliver products that add strategic value through a Deep Tech M-A-P(TM) (wherein M-A-P stands for Markets, Applications, and Products) for customers who need to innovate, transform or expand for sustainable growth.
BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape.
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