Launch Vehicle Market size is estimated to be USD 10.5 Billion in 2024 and is expected to reach USD 25.0 Billion by 2033 at a CAGR of 10.5% from 2026 to 2033.
The global launch vehicle market was valued at approximately USD 18.9 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.6% from 2023 to 2030. This growth is driven by increasing demand for satellite deployments, space exploration initiatives, and government investments in space technology. The market is anticipated to reach around USD 52.5 billion by 2030. The expansion of commercial space companies and rising private sector participation is expected to further fuel market growth. As new space ventures arise, demand for reliable and cost effective launch vehicles continues to surge. Regionally, North America held the largest share of the launch vehicle market in 2022, accounting for approximately 50% of the market value. This is primarily due to the high concentration of space programs, government investments, and private sector activities in the United States. Europe and Asia Pacific regions also demonstrate strong growth potential, with Asia Pacific experiencing a faster rate of expansion, driven by countries like China and India increasing their space exploration programs. The Middle East and Latin America are also emerging markets for launch vehicle deployment due to increasing space exploration interest and investment in satellite technology.
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CASC
SpaceX
Progress Rocket Space Centre
United Launch Alliance
Arianespace
Mitsubishi Heavy Industries
Astra Space
Northrop Grumman
ISRO
Khrunichev Center
Blue Origin
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Launch Vehicle Market
Expendable Launch Vehicles (ELVs)
Reusable Launch Vehicles (RLVs)
Suborbital Vehicles
Small Satellites (up to 500 kg)
Medium Satellites (500 kg to 3,000 kg)
Heavy Satellites (more than 3,000 kg)
Single Launch
Dedicated Rideshare Launches
Regular Return Addresses
Government Agencies
Commercial Enterprises
Research Institutions
Non-Profit Organizations
Satellite Deployment
International Space Station Resupply
Lunar and Planetary Exploration
Space Tourism
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Launch Vehicle Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Launch Vehicle Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Launch Vehicle Market, By Type
6. Global Launch Vehicle Market, By Application
7. Global Launch Vehicle Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Launch Vehicle Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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