Market Overview:
The global launch vehicle market is expected to grow from USD 9.8 billion in 2018 to USD 15.5 billion by 2030, at a CAGR of 5.5% from 2018 to 2030. The growth of the global launch vehicle market can be attributed to the increasing demand for commercial and government space applications, rising investments in space exploration programs, and growing number of launches worldwide. However, the high cost associated with the development and deployment of launch vehicles may restrain the growth of this market during the forecast period.
Product Definition:
A launch vehicle is a rocket-powered missile or spacecraft used to carry a payload from Earth's surface into space. A launch vehicle typically consists of three stages: the first stage carries the payload and propellant tanks; the second stage provides propulsion for the first stage and also carries tanks for propellant and/or oxidizer; and the third stage provides further propulsion.
Light Rocket:
Light rocket is also known as a reusable launch vehicle (RLV) or Expendable Launch Vehicle (ELV). It is an unmanned spacecraft which is launched into space by using different types of rockets. The lightest type of these vehicles can carry up to 1,000 kg of payload into Low Earth Orbit (LEO), which can be used for delivering satellites and other small payloads.
Heavy Rocket:
Heavy rockets are used to carry payloads of up to 500 tons into space. They are generally used for satellite launches, but they can also be used for launching probes and crewed missions into orbit around the Moon, Mars or Venus. Heavy rockets have been replacing smaller launch vehicles such as ballistic missiles in terms of their capability to deliver heavy payloads into space due to lower Earth orbit inclination and higher escape velocity.
Application Insights:
The commercial segment held the largest share of more than 60.0% in 2017. The growth can be attributed to the growing need for launching satellites into space for providing communication services and conducting scientific research. Communication satellites constitute a major share in the global launch vehicle market as they provide various communication services, such as television broadcasting, internet access, and mobile communications. Moreover, these vehicles are used for launching payloads that conduct earth observation missions and deliver supplies to the ISS (International Space Station).
The government segment is expected to witness significant growth over the forecast period owing to increasing demand from countries including U.S.
Regional Analysis:
North America dominated the global launch vehicle market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period as well owing to several initiatives undertaken by space organizations and government agencies for developing space technology. For instance, NASA has been working on a series of robotic missions under its Discovery Program that are intended for exploring different areas of the solar system such as comet Tempel-1 flyby, Jupiter's moon Europa orbiter and Saturn's moon Titan lander/lander combo mission.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing government spending on space programs and commercial satellite launches. In addition, growing demand from military & defense sector for launching satellites into orbits beyond Low Earth Orbit (LEO) will drive regional growth during this period.
Growth Factors:
- Increasing demand for small satellites: The market for small satellites is expected to grow at a CAGR of over 11% from 2016 to 2021. This is primarily due to the increasing demand from government and commercial sectors for earth observation, communication, and navigation services.
- Growing investments in space exploration: Governments and private organizations are investing heavily in space exploration programs, which is expected to drive the growth of the launch vehicle market during the forecast period. For instance, NASA plans to invest billion in its Space Launch System (SLS) program by 2020.
- Proliferation of new launch vehicles: A number of new launch vehicles are being developed by private companies such as SpaceX and Blue Origin LLC., which is expected to increase competition in the market and drive down prices during the forecast period. For instance, SpaceX has announced plans to develop a heavy-lift rocket called Falcon Heavy that will be capable of carrying payloads up to 54 metric tons into orbit.
Scope Of The Report
Report Attributes
Report Details
Report Title
Launch Vehicle Market Research Report
By Type
Light Rocket, Heavy Rocket
By Application
Commercial, Government
By Companies
ARCA Space, Astra Space, Blue Origin, Northrop Grumman, SpaceX, Virgin Galactic, RocketStar, United Launch Alliance, Lockheed Martin, Mitsubishi Heavy Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Launch Vehicle Market Report Segments:
The global Launch Vehicle market is segmented on the basis of:
Types
Light Rocket, Heavy Rocket
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Government
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ARCA Space
- Astra Space
- Blue Origin
- Northrop Grumman
- SpaceX
- Virgin Galactic
- RocketStar
- United Launch Alliance
- Lockheed Martin
- Mitsubishi Heavy Industries
Highlights of The Launch Vehicle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Light Rocket
- Heavy Rocket
- By Application:
- Commercial
- Government
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Launch Vehicle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A launch vehicle is a machine that is used to carry a payload into space.
Some of the major players in the launch vehicle market are ARCA Space, Astra Space, Blue Origin, Northrop Grumman, SpaceX, Virgin Galactic, RocketStar, United Launch Alliance, Lockheed Martin, Mitsubishi Heavy Industries.
The launch vehicle market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Launch Vehicle Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Launch Vehicle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Launch Vehicle Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Launch Vehicle Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Launch Vehicle Market Size & Forecast, 2018-2028
4.5.1 Launch Vehicle Market Size and Y-o-Y Growth
4.5.2 Launch Vehicle Market Absolute $ Opportunity
Chapter 5 Global Launch Vehicle Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Launch Vehicle Market Size Forecast by Type
5.2.1 Light Rocket
5.2.2 Heavy Rocket
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Launch Vehicle Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Launch Vehicle Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Government
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Launch Vehicle Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Launch Vehicle Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Launch Vehicle Analysis and Forecast
9.1 Introduction
9.2 North America Launch Vehicle Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Launch Vehicle Market Size Forecast by Type
9.6.1 Light Rocket
9.6.2 Heavy Rocket
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Launch Vehicle Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Government
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Launch Vehicle Analysis and Forecast
10.1 Introduction
10.2 Europe Launch Vehicle Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Launch Vehicle Market Size Forecast by Type
10.6.1 Light Rocket
10.6.2 Heavy Rocket
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Launch Vehicle Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Government
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Launch Vehicle Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Launch Vehicle Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Launch Vehicle Market Size Forecast by Type
11.6.1 Light Rocket
11.6.2 Heavy Rocket
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Launch Vehicle Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Government
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Launch Vehicle Analysis and Forecast
12.1 Introduction
12.2 Latin America Launch Vehicle Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Launch Vehicle Market Size Forecast by Type
12.6.1 Light Rocket
12.6.2 Heavy Rocket
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Launch Vehicle Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Government
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Launch Vehicle Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Launch Vehicle Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Launch Vehicle Market Size Forecast by Type
13.6.1 Light Rocket
13.6.2 Heavy Rocket
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Launch Vehicle Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Government
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Launch Vehicle Market: Competitive Dashboard
14.2 Global Launch Vehicle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ARCA Space
14.3.2 Astra Space
14.3.3 Blue Origin
14.3.4 Northrop Grumman
14.3.5 SpaceX
14.3.6 Virgin Galactic
14.3.7 RocketStar
14.3.8 United Launch Alliance
14.3.9 Lockheed Martin
14.3.10 Mitsubishi Heavy Industries
