A satellite launch vehicle is a kind of launch vehicle used to deploy satellites into space and place them in their specific orbits. It serves the crucial purpose of transporting satellites and payloads from Earth’s surface or lower atmosphere to outer space. These vehicles are of various types based on weight, payload capacity, and orbital reach including small-lift satellite vehicles, reusable launch vehicles, geostationary satellite launch vehicles, and others.

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Demand for small satellites has exponentially increased in recent years due to reduced cost, wider coverage, increasing application of small satellites, and less development time, which has positively impacted the satellite launch vehicle market, as most space organizations are willing to launch space missions at lower cost. For instance, In January 2024, the Indian cabinet approved a memorandum of understanding (MOU) between the Indian Space Research Organization (ISRO) and the Mauritius Research and Innovation Council (MRIC) concerning cooperation on the development of a joint small satellite. The MoU will help to establish a framework for cooperation between ISRO and MRIC on the development of a joint satellite as well as for cooperation on the use of the MRIC’s ground station.

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Market Coverage
Market number available for – 2024-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Satellite Launch Vehicle Market by Vehicle

Small ( 350,000 Kg)

Global Satellite Launch Vehicle Market by Launch

Single-Use/Expendable
Reusable

Global Satellite Launch Vehicle Market by Stage

Single Stage
Two Stage
Three Stage

Global Satellite Launch Vehicle Market by Sub-Systems

Structure
Guidance, Navigation & Control System
Propulsion System
Telemetry, Tracking & Command System
Electrical Power System
Separation System

Global Satellite Launch Vehicle Market by Payload