Small Launch Vehicle Market Report Opportunities, and Forecast By 2033
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Abstract
According to the Market Statsville Group (MSG), the global small launch vehicle market size is expected to grow from USD 1,053.6 million in 2021 to USD 3,139.9 million by 2030, at a CAGR of 12.9% from 2022 to 2030. A small launch vehicle (SLV) is used to place payloads into different orbits that are made up of lightweight satellites or payloads. The rapid deployment of tiny and microsatellites into low earth orbit (LEO) for various commercial, academic, and military uses has boosted the demand for specialized SLV launches. In addition, over the next ten years, the worldwide SLV market is anticipated to benefit from the growing use of advanced manufacturing techniques to produce lightweight components and reusable launch vehicles and the decline in overall launch costs across major global sites.
Small Launch Vehicle Market
According to the Market Statsville Group (MSG), the global small launch vehicle market size is expected to grow from USD 1,053.6 million in 2021 to USD 3,139.9 million by 2030, at a CAGR of 12.9% from 2022 to 2030. A small launch vehicle (SLV) is used to place payloads into different orbits that are made up of lightweight satellites or payloads. The rapid deployment of tiny and microsatellites into low earth orbit (LEO) for various commercial, academic, and military uses has boosted the demand for specialized SLV launches. In addition, over the next ten years, the worldwide SLV market is anticipated to benefit from the growing use of advanced manufacturing techniques to produce lightweight components and reusable launch vehicles and the decline in overall launch costs across major global sites.
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