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LEO Satellite Launch Vehicle (SLV) Market Share

Report ID: GMI12157
Published Date: Nov 2024
Report Format: PDF

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LEO Satellite Launch Vehicle Market Share

LEO Satellite Launch Vehicle Market Analysis, 2023

Gilmour Space Technologies and Rocket Lab are at the forefront of the small satellite launch market. Gilmour Space Technologies, based in Australia, focuses on developing cost-effective, hybrid rocket technologies for small satellite missions. Rocket Lab, an established leader, provides dedicated small satellite launches with its Electron rocket, known for its reliability and frequent flight schedule.

Mitsubishi Heavy Industries, Northrop Grumman Corporation, and SpaceX represent significant players in the broader launch vehicle market. Mitsubishi Heavy Industries, through its H-II and H-III rockets, supports both commercial and government missions, emphasizing reliability and performance. Northrop Grumman Corporation provides a range of launch services, including the Antares rocket, and is involved in space exploration projects.

LEO Satellite Launch Vehicle Market Companies

Major players operating in the LEO satellite launch vehicle industry are:

ABL Space Systems
ARCA Space
Arianespace SA
Blue Origin
C6 Launch Systems
EPrime Aerospace
Eurockot Launch Services
Firefly Aerospace
Gilmour Space Technologies
Israel Aerospace Industries Ltd.
Mitsubishi Heavy Industries
Northrop Grumman Corporation
SPACE ONE CO., LTD
Relativity Space
Rocket Lab
Skyrora Limited
Space Exploration Technologies Corp. (SpaceX)
United Launch Alliance, LLC

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The global market size for LEO satellite launch vehicles was valued at USD 13.9 billion in 2023 and is expected to reach USD 43.9 billion by 2032, driven by a CAGR of 13.7% from 2024 to 2032.

The single-use/expendable segment accounted for over 66% of the market share in 2023, driven by its crucial role in heavy payload missions.

The North America market held over 36% of the global share in 2023, driven by leading players and significant government investments in space technology.

Major players in the industry include ABL Space Systems, ARCA Space, Arianespace SA, Blue Origin, C6 Launch Systems, EPrime Aerospace, and Eurockot Launch Services.