Satellite Launch Vehicle Market

The global satellite launch vehicle market was valued at US$ 16.4 Billion in 2023, and is expected to register a CAGR of 13.1% over the forecast period and reach US$ 49.7 Bn in 2032.

A Satellite Launch Vehicle (SLV) is a crucial component for delivery of payloads into various levels of orbit beyond Earth’s atmosphere or on a desired trajectory. The most commonly used mode of launching satellites into orbit is rocket propulsion, and these rockets or vehicles typically have four stages, and are powered by solid and liquid fuel. These SLVs transport payload beyond Earth's atmosphere, or deliver it to desired orbit or place payload on a desired trajectory.