위성 발사체(SLV) 시장 : 기회, 성장 촉진요인, 산업 동향 분석(2025-2034년)

The Global Satellite Launch Vehicle Market reached USD 8.2 billion in 2024 and is projected to expand at a CAGR of 13.7% between 2025 and 2034. Increasing demand for Earth observation and weather monitoring is fueling market expansion, as industries and government agencies worldwide rely on satellite data for climate analysis, disaster management, environmental assessment, and agricultural forecasting. The need for real-time, high-precision information in aviation, agriculture, national defense, and urban planning continues to drive investments in satellite deployment.

Technological advancements are making satellite launches more cost-effective and efficient, enabling companies to develop innovative launch solutions that cater to diverse applications. The telecommunications sector is rapidly evolving with the integration of satellite-based communication networks, enhancing global connectivity and bridging digital divides in remote regions. Navigation and geospatial intelligence applications are further bolstering the market, as industries depend on satellite-driven insights for location tracking, mapping, and transportation management. Additionally, the scientific research sector is leveraging satellite technology for space exploration, astrophysics studies, and environmental monitoring, propelling further investments in launch vehicle technology.

Governments and private enterprises are intensifying their focus on reusable rocket technology, optimizing operational efficiency while reducing overall costs. Companies are competing to develop flexible, rapid-deployment launch services that accommodate the growing number of commercial satellite networks. The demand for smaller, highly efficient satellites has accelerated the need for cost-effective, adaptable launch solutions, further amplifying market growth.

Low Earth orbit (LEO) satellites dominated the market in 2024, accounting for 82.9% of total revenue. Their proximity to Earth, lower launch costs, and high efficiency make them the preferred choice for Earth observation, data transmission, and global communications. The increasing demand for high-speed broadband connectivity has spurred the deployment of LEO satellite constellations, prompting frequent and reliable launch services. Ongoing advancements in small satellite technology have played a significant role in driving market expansion, as these compact, lightweight satellites offer cost-effective, versatile solutions for industries ranging from telecommunications to defense.

The propulsion systems segment is experiencing the fastest growth, with a projected CAGR of 15.2% over the forecast period. Propulsion technologies are crucial in ensuring accurate satellite placement, driving the adoption of liquid, solid, hybrid, and electric propulsion systems to enhance performance and efficiency. Innovations such as refillable rocket engines and cryogenic momentum are improving fuel utilization and acceleration capabilities, paving the way for more cost-effective and sustainable satellite launches.

North America is set to dominate the satellite launch vehicle market, with projections indicating USD 12.5 billion in revenue by 2034. The region leads in space launch infrastructure, driven by government initiatives and a thriving commercial sector. Agencies such as NASA and the Department of Defense are backing private industry efforts to develop reusable and affordable launch solutions. The growing number of small satellite launches, expanding space exploration programs, and increasing reliance on commercial satellite networks are strengthening market expansion. Reusable rocket technology is enhancing mission flexibility while significantly reducing costs, making North America a key player in global satellite launch advancements.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market scope & definitions
• 1.2 Base estimates & calculations
• 1.3 Forecast calculations
• 1.4 Data sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid sources
    • 1.4.2.2 Public sources

Chapter 2 Executive Summary

• 2.1 Industry synopsis, 2021-2034

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Factor affecting the value chain
  • 3.1.2 Profit margin analysis
  • 3.1.3 Disruptions
  • 3.1.4 Future outlook
  • 3.1.5 Manufacturers
  • 3.1.6 Distributors
• 3.2 Supplier landscape
• 3.3 Profit margin analysis
• 3.4 Key news & initiatives
• 3.5 Regulatory landscape
• 3.6 Impact forces
  • 3.6.1 Growth drivers
    • 3.6.1.1 Increasing demand for satellite-based communication and IoT connectivity
    • 3.6.1.2 Advancements in reusable rocket technology reducing launch costs
    • 3.6.1.3 Expanding commercial space exploration investments from private companies
    • 3.6.1.4 Growing government spending on national security and defense satellites
    • 3.6.1.5 Rising demand for global Earth observation and weather monitoring
  • 3.6.2 Industry pitfalls & challenges
    • 3.6.2.1 High capital expenditure required for satellite launch infrastructure
    • 3.6.2.2 Regulatory challenges and delays in obtaining launch licenses
• 3.7 Growth potential analysis
• 3.8 Porter’s analysis
• 3.9 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
• 4.3 Competitive positioning matrix
• 4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Vehicle, 2021-2034 (USD Million)

• 5.1 Key trends
• 5.2 Small (<350,000 kg)
• 5.3 Medium to Heavy (>350,000 kg)

Chapter 6 Market Estimates & Forecast, By Payload, 2021-2034 (USD Million)

• 6.1 Key trends
• 6.2 <500 kg
• 6.3 500-2,500 kg
• 6.4 >2,500 kg

Chapter 7 Market Estimates & Forecast, By Orbit, 2021-2034 (USD Million)

• 7.1 Key trends
• 7.2 Low Earth Orbit (LEO)
• 7.3 Medium Earth Orbit (MEO)
• 7.4 Geostationary Orbit (GEO)

Chapter 8 Market Estimates & Forecast, By Launch, 2021-2034 (USD Million)

• 8.1 Key trends
• 8.2 Single-use/Expendable
• 8.3 Reusable

Chapter 9 Market Estimates & Forecast, By Stage, 2021-2034 (USD Million)

• 9.1 Key trends
• 9.2 Single stage
• 9.3 Two stage
• 9.4 Three stage

Chapter 10 Market Estimates & Forecast, By Subsystem, 2021-2034 (USD Million)

• 10.1 Key trends
• 10.2 Structure
• 10.3 Guidance, Navigation & Control systems
• 10.4 Propulsion systems
• 10.5 Telemetry, Tracking & Command systems
• 10.6 Electrical power systems
• 10.7 Separation systems

Chapter 11 Market Estimates & Forecast, By Region, 2021-2034 (USD Million)

• 11.1 Key trends
• 11.2 North America
  • 11.2.1 U.S.
  • 11.2.2 Canada
• 11.3 Europe
  • 11.3.1 UK
  • 11.3.2 Germany
  • 11.3.3 France
  • 11.3.4 Italy
  • 11.3.5 Spain
  • 11.3.6 Russia
• 11.4 Asia Pacific
  • 11.4.1 China
  • 11.4.2 India
  • 11.4.3 Japan
  • 11.4.4 South Korea
  • 11.4.5 Australia
• 11.5 Latin America
  • 11.5.1 Brazil
  • 11.5.2 Mexico
• 11.6 MEA
  • 11.6.1 South Africa
  • 11.6.2 Saudi Arabia
  • 11.6.3 UAE

Chapter 12 Company Profiles

• 12.1 Arianespace
• 12.2 Blue Origin
• 12.3 Boeing Defense, Space & Security
• 12.4 Firefly Aerospace
• 12.5 ISRO (Indian Space Research Organisation)
• 12.6 Lockheed Martin Corporation
• 12.7 Mitsubishi Heavy Industries, Ltd.
• 12.8 Northrop Grumman Corporation
• 12.9 Relativity Space
• 12.10 Rocket Factory Augsburg (RFA)
• 12.11 Rocket Lab USA, Inc.
• 12.12 SpaceX
• 12.13 United Launch Alliance (ULA)
• 12.14 Virgin Orbit