Dublin, June 13, 2025 (GLOBE NEWSWIRE) — The “Satellite Launch Vehicle Market 2025-2034” has been added to ResearchAndMarkets.com’s offering.
The Satellite Launch Vehicle Market, valued at USD 18.4 billion in 2025, is set to soar, reaching USD 64.5 billion by 2034 with a CAGR of 15.0%. The market, encompassing vehicles designed for various satellite applications such as telecommunications, Earth observation, and defense, is fueled by global demand for satellite-based services, increased commercial deployments, and hefty governmental investments.
Technological advancements, including reusable launch systems and greener propulsion methods, are reshaping the landscape by cutting costs and reducing turnaround times. This is paralleled by the proliferation of small satellites, intensifying the need for frequent, affordable launches. Private sector engagement, buoyed by regulatory support, has sparked innovation and competition, ensuring satellite launch vehicles remain pivotal in enhancing global connectivity and strategic initiatives.
2024 has seen rapid innovation, marked by advancements in reusable rockets that enhanced market efficiency through cost reductions and quicker turnarounds. Small and medium-lift vehicles are on the rise, meeting the demand for launching small satellite constellations in sectors like broadband internet and IoT. Sustainable technologies, such as bio-derived propellants, are increasingly being adopted to comply with environmental regulations and customer preferences.
Governmental support has ramped up, with more funding directed towards defense and national security missions, while strategic initiatives aim at bolstering national capabilities in emerging space economies. International collaborations between governments and private entities also enhance launch success rates, expand operational capacities, and optimize logistics.
Looking ahead from 2025, the market is expected to sustain its growth trajectory, focusing on technological innovations and the expansion of satellite constellations. Reusable launch vehicles will become standard, significantly decreasing costs and enabling broader market access for new satellite operators. Propulsion technologies will play a crucial role in addressing environmental challenges.
The demand for dedicated small-satellite launch vehicles will persist, driven by the deployment of low-earth orbit constellations for global broadband and IoT missions. Emerging markets, particularly in Asia-Pacific, Africa, and Latin America, will further invest in domestic capabilities, unleashing new competition and opportunities on the global stage.
International regulatory frameworks are expected to evolve, supporting sustainable and efficient launch operations. These developments position the satellite launch vehicle market as a cornerstone of global space infrastructure, influencing economic growth and technological advancement worldwide beyond 2025.
Key Insights Satellite Launch Vehicle Market
- A shift towards reusable launch vehicles is lowering costs and environmental impacts, boosting affordability, and increasing launch frequency, which benefits commercial satellite constellations, particularly aiding small enterprises and space economies globally.
- The demand for dedicated small-satellite launch vehicles is rising to deploy nanosatellites efficiently, accelerating satellite constellations in communication, IoT, and other sectors.
- There’s a growing emphasis on sustainable technologies improving compliance with environmental norms and boosting market attractiveness to eco-conscious consumers.
- Strengthened international partnerships among governments, enterprises, and academia are enhancing technological innovation and operational efficiencies.
- Integration of AI, machine learning, and 3D printing in design and manufacturing processes enhances system reliability and efficiency.
- Global demand for satellite services, like broadband and Earth observation, is driving substantial market demand for reliable satellite launch vehicles.
Satellite Launch Vehicle Market Segmentation
By Launch
By Subsystem
- Guidance
- Navigation And Control Systems
- Propulsion Systems
- Telemetry
- Tracking And Command Systems
- Electrical Power Systems
- Separation Systems
By Payload
By Orbit
- Medium Earth Orbit (MEO)
- Geostationary Orbit (GEO)
By Application
- Military Satellite Launch
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 150 |
| Forecast Period | 2025 – 2034 |
| Estimated Market Value (USD) in 2025 | $18.4 Billion |
| Forecasted Market Value (USD) by 2034 | $64.5 Billion |
| Compound Annual Growth Rate | 14.9% |
| Regions Covered | Global |
Companies Featured
- Mitsubishi Heavy Industries Ltd.
- Northrop Grumman Corporation
- Virgin Galactic Holdings Inc.
- The Boeing Company
- Space Exploration Technologies Corp.
- Airbus SE
- Bellatrix Aerospace Private Limited
- Bigelow Aerospace LLC
- Masten Space Systems Inc.
- Armadillo Aerospace LLC
- Lockheed Martin Corporation
- Innovative Solutions In Space B.V.
- Indian Space Research Organisation
- Blue Origin LLC
- Arianespace SA
- China Aerospace Science and Technology Corporation (CASC)
- Maxar Technologies Inc.
- ArianeGroup
- Sierra Nevada Corporation
- Thales
- United Launch Alliance LLC
- ROSCOSMOS
- Antrix Corporation
- Astra Space Inc.
- CAS Space
- Eurockot Launch Services
- Firefly Aerospace Inc.
- International Launch Services (ILS)
- LinkSpace
- HyImpulse Technologies Corporation
- OneSpace
- PLD Space
- Stratolaunch Systems LLC
- Virgin Orbit LL
For more information about this report visit https://www.researchandmarkets.com/r/dz1kdi
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- Satellite Launch Vehicle Market
