According to a new market intelligence report titled "Global Small Launch Vehicle (SLV) Markt− Analysis and Forecast 2020-2030", the SLV market is expected to witness a high growth rate, owing to the increase in the number of satellite constellations for planetary exploration and earth observations across the globe. Furthermore, the increasing usage of commercial-of-the-shelf component for small launch vehicle is expected to gradually increase the demand for SLVs across the world.
In addition, the increasing development of low cost launching sites across the globe and the advancement of 3D printing technology for space industry are some of the major factors expected to create lucrative opportunities for the global SLV market in the coming ten years.
According to Rajat Srivastava, Research Analyst, “The rising demand for small satellite constellation across various end users such as commercial, defense & military, and government, is forcing the SLV manufacturers to develop the products with more advanced technologies. Moreover, significant increase in investment by large space organizations in developing 3D-printed small launch vehicles is expected to boost the growth of the market during the forecast period.”
The market report provides a detailed analysis of the recent trends influencing the market, along with a comprehensive study of the future trends and technological developments. It also includes a competitive analysis of the leading players in the industry, including company overview, financial summary, and SWOT analysis. The overall market has been segmented on the basis of technology, application, component, and region. The report also includes a comprehensive section on the regional analysis for North America, Europe, Asia-Pacific, and Rest-of-the-World.
Some of the key players in the global SLV market are China Aerospace Science and Technology Corporation, Israel Aerospace Industries Ltd., IHI Corporation, Lockheed Martin Corporation Ltd., Northrop Grumman Corporation, and The Boeing Company, Arianespace, Blue Origin, CubeCab, EUROCKOT Launch Services GmbH, Interorbital Systems, Rocket Lab USA, Space Exploration Technologies Corp, Spacefleet Ltd., and Virgin Orbit.
Key questions answered in the report:
Source: ASDReports - Market Research
Date: Jun 22, 2020