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

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Projected Value of the Satellite Launch
Vehicle Industry to Reach 29.1 Billion by
2027 According to the latest market research the
report "Satellite Launch Vehicle Market by
Vehicle (Small (lt350,000 Kg), Medium to Heavy
(gt350,000 Kg)), Payload (lt500 Kg, 500-2,500 Kg,
gt2,500 Kg), Orbit, Launch, Stage, Subsystem,
Service and Region - Global Forecast to 2027"
The Satellite launch vehicle market is estimated
to be USD 15.7 billion in 2022 and is projected
to reach USD 29.1 billion by
CAGR of 13.1 forecast period.
2027, at a during the Increasing
space tourism,

• small satellite constellations, reusable launch
  vehicles are driving the growth of the
  satellite launch vehicle market.
• Download PDF Brochure _at_
• https//www.marketsandmarkets.com/pdfdownloadNew.a
  sp?id115959224
• Based on Payload, the lt500 Kg segment is expected
  to grow at the highest CAGR during the forecast
  period.
• 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 weigh less than 500 kg. Small satellites
  are also used for in-orbit inspection of larger
  satellites. The growth of lt500 Kg segment can be
  attributed to the increasing rise in number of
  small satellite constellations.
• Based on Vehicle, the Small (lt 350,000 Kg)
  segment is projected to grow at the highest CAGR
  during the forecast period.
• Small (lt 350,000 Kg) segment is projected to grow
  at the highest CAGR in the satellite launch
  vehicle market. The growth of this segment is
  attributed to the due to more targeted payload
  delivery Small Launch Vehicles can deliver
  payloads to very specific 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 larger rockets.
• Based on region, the Asia Pacific segment is lead
  the market during the forecast period.

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The Asia Pacific region is expected to lead the
Satellite launch vehicle market in 2022. China
and India are one of the major global players
present in the Asia Pacific, 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 to garner
influence and clients for their launch
vehicles. Key Market Players 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 Asia
Pacific. Ask for Sample Report _at_ https//www.marke
tsandmarkets.com/requestsampleNew.asp?id115959224
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