The global small launch vehicle market size was USD 1.05 Billion in 2021 and is expected to register a revenue CAGR of 13.2% during the forecast period. according to the latest analysis by Emergen Research. Market revenue growth of small launch vehicles can be attributed to the growing demand for dedicated launch vehicles for small satellites. Demand for small launch vehicles is increasing due to increasing association among space agencies for shared launches, where larger satellite determines the launch date and orbital path. These constraints result in several limitations so that the operators fail to realize the full potential of a small satellite\'s mission, thus creating an increased demand for small launch vehicles. NASA’s CubeSat Launch Initiative was launched to provide the design of standard picosatellites for reduced cost and development time, increase space accessibility, and sustain frequent launches. The project is an international collaboration of over 100 universities, high schools, and private firms developing picosatellites containing scientific, private, and government payloads.
Some of the key factors driving the growth of the global Small Launch Vehicle market include expanding RD efforts to develop novel Small Launch Vehicle products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for Small Launch Vehicle
The COVID-19 pandemic had a significant negative influence on the market for Small Launch Vehicle in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Small Launch Vehicle were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Small Launch Vehicle in 2020. Additionally, demand for Small Launch Vehicle decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Small Launch Vehicle market : Competitive Landscape
The prominent players operating in the Small Launch Vehicle market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Small Launch Vehicle market .
Some of the prominent players operating in the market are:
Blue Origin, LLC, Space Exploration Technologies Corp (SpaceX), Interorbital Systems Corporation, Arianespace SA, CubeCab, Israel Aerospace Industries Ltd., China Aerospace Science and Technology Corporation, Lockheed Martin Corporation, Spacefleet Ltd., Northrop Grumman Corporation, and IHI Corporation
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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Small Launch Vehicle market ?
What are the key factors driving the Global Small Launch Vehicle market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Small Launch Vehicle market ?
Who are the distributors, traders, and dealers of Small Launch Vehicle market ?
What are the Small Launch Vehicle market opportunities and threats faced by the vendors in the Global Infrared detector industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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Segments Covered in this report are:
Platform Outlook (Revenue, USD Billion; 2019–2030)
- Land
- Sea
- Air
- Balloon
Payload Range Outlook (Revenue, USD Billion; 2019–2030)
- 0-500 Kg
- 501-2,200 Kg
Propellant Outlook (Revenue, USD Billion; 2019–2030)
- Solid
- Liquid
- Hybrid
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Regional Bifurcation of the Small Launch Vehicle market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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