Europe Small Launch Vehicle Market (2024-2030) | Size, Share, Growth, Analysis, Forecast, Trends, Value, Outlook, Revenue & Segmentataion

Market Forecast By Payload (<20Kg, 21Kg-150Kg, 151Kg-500Kg, 501Kg-1200Kg and 1201Kg-2200Kg), By End Users (Academic, Commercial, Government, Defense and Non-Profit Organization), By Countries (Germany, Italy, France, United Kingdom and Rest of Europe) and Competitive Landscape.

Product Code: ETC000853	Publication Date: Aug 2024	Updated Date: Aug 2024	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 200	No. of Figures: 90	No. of Tables: 30

Europe Small Launch Vehicle Market Highlights

Report Name	Europe Small Launch Vehicle Market
Forecast period	2024-2030
CAGR	7.5%
Growing Sector	Space Transportation

Topics Covered in Europe Small Launch Vehicle Market Report

The Europe Small Launch Vehicle Market report provides a comprehensive evaluation segmented by payload, end users.The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Market Synopsis

The Europe Small Launch Vehicle Market is experiencing significant growth due to the rising demand for small satellites used in telecommunications, earth observation, and scientific research. The trend towards the miniaturization of satellites and the pressing need for rapid, dependable, and affordable launch solutions are key factors contributing to market expansion. Despite these opportunities, the market also confronts notable challenges, including high development costs and strict regulatory constraints. As the industry advances, continuous innovations and strategic collaborations will be essential to overcome these hurdles and sustain the momentum in this dynamic sector.

According to 6Wresearch, the Europe Small Launch Vehicle Market size is expected to grow at a significant CAGR of 7.5% during the forecast period 2024-2030. The Europe Small Launch Vehicle Market is primarily driven by the growing demand for small satellites in various sectors, such as telecommunications, earth observation, and scientific research. This trend towards miniaturization of satellites has created a need for efficient and cost-effective launch solutions, leading to an increased demand for small launch vehicles. Furthermore, advancements in technology have enabled the development of more powerful and reliable small launch vehicles, further propelling market growth. Additionally, supportive government initiatives and policies that promote space exploration are also contributing to the expansion of the market in Europe.

The Europe Small Launch Vehicle Market faces challenges such as high development costs and stringent regulatory frameworks. The intricate design and advanced technology required for small launch vehicles result in high initial investments, making it difficult for new players to enter the market. Additionally, strict regulations by government agencies regarding safety and environmental concerns can hinder the growth of the market. Moreover, delays in satellite launches due to technical issues or adverse weather conditions can also impact profitability and market growth. These challenges require innovative solutions to address them effectively and sustainably drive market expansion.

Europe Small Launch Vehicle Market Leading Players

Leading players in the Europe Small Launch Vehicle Market include Rocket Factory Augsburg, PLD Space, Avio S.p.A., Skyrora Ltd., and Orbex. These companies are at the forefront of innovation, providing advanced and efficient launch solutions tailored to the specific needs of the growing small satellite market. They focus on partnerships, research, and development to enhance their competitive positioning.

Europe Small Launch Vehicle Market Government Initiatives

European governments have taken significant steps to support the growth of the Europe Small Launch Vehicle Market. For instance, in 2019, the European Space Agency (ESA) pledged €14.4 million to fund research and development for small launch vehicles. Additionally, several European countries have launched their own space programs and initiatives, providing a boost to the market. Examples include France's recent investment of €700 million in its space agency CNES and Germany's commitment to invest €550 million per year until 2022 in space technology and innovation. Such government initiatives serve as crucial drivers for market growth by encouraging private sector involvement and fostering innovation and competitiveness in the market.

Future Insights of the Market

The Europe Small Launch Vehicle Market is expected to continue its upward trajectory, driven by the increasing demand for small satellites and advancements in technology. With a focus on energy efficiency and cost-effectiveness, market players are investing heavily in research and development to produce innovative and reliable launch solutions. The future outlook includes growth opportunities through partnerships, collaborations, and government initiatives that promote private sector participation in the space industry. Additionally, the integration of smart technologies such as IoT-enabled systems and renewable energy solutions will further propel market growth.

Market Segmentation By Payload

According to Ravi Bhandari, Research Head, 6Wresearch, among the various payload categories in the Europe Small Launch Vehicle Market, the 21Kg-150Kg segment is experiencing the fastest growth. This growth is primarily driven by the increasing demand for small satellites within this weight range, which are commonly used for earth observation, telecommunications, and scientific research. These compact satellites provide cost-effective solutions for various applications, making them highly attractive to both commercial and academic users. The ability to launch multiple small satellites simultaneously also enhances the appeal of this payload segment, as it optimizes launch costs and streamlines deployment strategies.

Market Segmentation By End Users

In terms of end users, the commercial sector is witnessing robust growth in the Europe Small Launch Vehicle Market. The surge in demand from private companies for rapid, dependable, and affordable access to space is a key driver for this trend. Commercial enterprises are leveraging small satellites to offer services such as broadband internet, remote sensing, and data analytics, fueling the need for reliable launch solutions. Additionally, the reduced costs and increased frequency of launches have made space more accessible to startups and smaller enterprises, further accelerating growth in this segment.

Market Segmentation By Countries

Among the European countries, Germany stands out as the fastest-growing market for small launch vehicles. Germany's strong emphasis on innovation and technological advancement, coupled with substantial government investments in space technology, has positioned it as a leader in the small launch vehicle sector. The country's robust aerospace industry and active collaboration between public entities and private firms contribute to the rapid growth. Furthermore, initiatives like the German Aerospace Center's support for space startups and the development of spaceports enhance Germany's competitive edge in the European market.

Key Attractiveness of the Report

10 Years Market Numbers.
Historical Data Starting from 2020 to 2023.
Base Year 2023
Forecast Data until 2030.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report

Europe Small Launch Vehicle Market Overview
Europe Small Launch Vehicle Market Outlook
Europe Small Launch Vehicle Market Forecast
Historical Data of Europe Small Launch Vehicle Market Revenues & Volume for the Period 2020-2030
Europe Small Launch Vehicle Market Size and Europe Small Launch Vehicle Market Forecast of Revenues & Volume, Until 2030
Historical Data of Europe Small Launch Vehicle Market Revenues and Volume, By Payload, for the Period 2020-2030
Market Size & Forecast of Europe Small Launch Vehicle Market Revenues and Volume, By Payload, Until 2030
Historical Data of Europe Small Launch Vehicle Market Revenues and Volume, By End Users, for the Period 2020-2030
Market Size & Forecast of Europe Small Launch Vehicle Market Revenues and Volume, By End Users, Until 2030
Historical Data of Germany Small Launch Vehicle Market Revenues and Volume, for the Period 2020-2030
Market Size & Forecast of Germany Small Launch Vehicle Market Revenues and Volume, Until 2030
Historical Data of France Small Launch Vehicle Market Revenues and Volume, for the Period 2020-2030
Market Size & Forecast of France Small Launch Vehicle Market Revenues and Volume, Until 2030
Historical Data of Italy Small Launch Vehicle Market Revenues and Volume, for the Period 2020-2030
Market Size & Forecast of Italy Small Launch Vehicle Market Revenues and Volume, Until 2030
Historical Data of United Kingdom Small Launch Vehicle Market Revenues and Volume, for the Period 2020-2030
Market Size & Forecast of United Kingdom Small Launch Vehicle Market Revenues and Volume, Until 2030
Market Drivers and Restraints
Europe Small Launch Vehicle Market Price Trends
Europe Small Launch Vehicle Market Trends and Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
Europe Small Launch Vehicle Market Share, By Players
Europe Small Launch Vehicles Market Share, By Regions
Europe Small Launch Vehicle Market Overview on Competitive Benchmarking
Company Profiles
Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the following market segments

By Payload

<20Kg
21Kg-150Kg
151Kg-500Kg
501Kg-1200Kg
1201Kg-2200Kg

By End Users

Academic
Commercial
Government
Defense
Non-Profit Organization

By Countries

Germany
Italy
France
United Kingdom
Rest of Europe

Europe Small Launch Vehicle Market (2024-2030); FAQs

What are the primary drivers of the Europe Small Launch Vehicle Market?

What challenges does the market face?

Who are the leading players in the market?

What government initiatives aid market growth?

What is the future outlook of the market?

How does 6W market outlook report help businesses in making decisions?

Do you also provide customisation in the market study?

1.Executive Summary

2.Introduction

2.1.Report Description

2.2.Key Highlights of The Report

2.3.Market Scope & Segmentation

2.4.Research Methodology

2.5.Assumptions

3.Europe Small Launch Vehicle Market Overview

3.1.Europe Small Launch Vehicle Market Revenues & Volume, 2020-2030F

3.2.Europe Small Launch Vehicle Market Revenue Share, By Payload, 2020 & 2030F

3.3.Europe Small Launch Vehicle Market Revenue Share, By End Users, 2020 & 2030F

3.4.Europe Small Launch Vehicle Market Revenue Share, By Regions, 2020 & 2030F

3.5.Europe Small Launch Vehicle Market Industry Life Cycle

3.6.Europe Small Launch Vehicle Market- Porter’s Five Forces, 2020

4.Europe Small Launch Vehicle Market Dynamics

4.1. Impact Analysis

4.2. Market Drivers

4.3. Market Restraints

5.Europe Small Launch Vehicle Market Trends

6.Europe Small Launch Vehicle Market Overview, By Payload

6.1.Europe Small Launch Vehicle Market Revenues & Volume, By < 20Kg, 2020-2030F

6.2.Europe Small Launch Vehicle Market Revenues & Volume, By 21Kg-150Kg, 2020-2030F

6.3.Europe Small Launch Vehicle Market Revenues & Volume, By 151Kg-500Kg, 2020-2030F

6.4.Europe Small Launch Vehicle Market Revenues & Volume, By 501Kg-1200Kg, 2020-2030F

6.5.Europe Small Launch Vehicle Market Revenues & Volume, By 101Kg-2200Kg, 2020-2030F

7.Europe Small Launch Vehicle Market Overview, By End Users

7.1.Europe Small Launch Vehicle Market Revenues & Volume, By Academic, 2020-2030F

7.2.Europe Small Launch Vehicle Market Revenues & Volume, By Commercial, 2020-2030F

7.3.Europe Small Launch Vehicle Market Revenues & Volume, By Government, 2020-2030F

7.4.Europe Small Launch Vehicle Market Revenues & Volume, By Defence, 2020-2030F

7.5.Europe Small Launch Vehicle Market Revenues & Volume, By Non-Profit Organisation 2020-2030F

8.Germany Small Launch Vehicle Market Overview

8.1.Germany Small Launch Vehicle Market Revenues & Volume, 2020-2030F

8.2.Germany Small Launch Vehicle Market Revenues and Volume, By Payload, 2020-2030F

8.3.Germany Small Launch Vehicle Market Revenues and Volume, By End Users, 2020-2030F

9.Italy Small Launch Vehicle Market Overview

9.1. Italy Small Launch Vehicle Market Revenues & Volume, 2020-2030F

9.2.Italy Small Launch Vehicle Market Revenues and Volume, By Payload, 2020-2030F

9.3.Italy Small Launch Vehicle Market Revenues and Volume, By End Users, 2020-2030F

10.France Small Launch Vehicle Market Overview

10.1.France Small Launch Vehicle Market Revenues & Volume, 2020-2030F

10.2.France Small Launch Vehicle Market Revenues and Volume, By Payload, 2020-2030F

10.3.France Small Launch Vehicle Market Revenues and Volume, By End Users, 2020-2030F

11.The United Kingdom Small Launch Vehicle Market Overview

11.1.The United Kingdom Small Launch Vehicle Market Revenues & Volume, 2020-2030F

11.2.United Kingdom Small Launch Vehicle Market Revenues and Volume, By Payload, 2020-2030F

11.3.United Kingdom Small Launch Vehicle Market Revenues and Volume, By End Users, 2020-2030F

12.Rest of Europes Small Launch Vehicle Market Overview

12.1.Rest of Europes Small Launch Vehicle Market Revenues & Volume, 2020-2030F

13.Europe Small Launch Vehicle Market Opportunity Assessment

13.1.Europe Small Launch Vehicle Market Opportunity Assessment, By Payload, 2030F

13.2.Europe Small Launch Vehicle Market Opportunity Assessment, By End Users, 2030F

14.Europe Small Launch Vehicle Market Competitive Landscape

14.1.Europe Small Launch Vehicle Market Revenue Share, By Companies, 2023

14.1.1.Germany Small Launch Vehicle Market Revenue Share, By Companies, 2023

14.1.2.Italy Small Launch Vehicle Market Revenue Share, By Companies, 2023

14.1.3.France Small Launch Vehicle Market Revenue Share, By Companies, 2023

14.1.4.United Kingdom Small Launch Vehicle Market Revenue Share, By Companies, 2023

14.2.Europe Small Launch Vehicle Market Competitive Benchmarking, By Operating Parameters

15.Company Profiles

16.Strategic Recommendations

17.Disclaimer

Asia Pacific (APAC) Small Launch Vehicle Market

North America Small Launch Vehicle Market

Middle East & Africa (MEA) Small Launch Vehicle Market

Global Small Vehicle Launch Market

Saudi Arabia Small Launch Vehicle (SLV) Market

1970 Jan 01 : Report

Product Code: ETC000853	Publication Date: Jan 1970	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 200	No. of Figures: 30	No. of Tables: 90

Topics covered in Europe Small Launch Vehicle Market Report

Europe Small Launch Vehicle Market Report thoroughly covers the market payload, end users and countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Europe Small Launch Vehicle Market Synopsis

Europe small launch vehicle market has been witnessing significant growth in recent years, with the emergence of various private players and government initiatives. This can be attributed to the increasing demand for launching smaller payloads into space, including satellites, microsatellites, and cubesats.

According to 6Wresearch, Europe Small Launch Vehicle Market size is anticipated to register a CAGR of 13.5% during 2024-2030. This growth of the market can be attributed to things like growing R&D expenditures, technological developments, and the expanding need for small satellites for a variety of uses. One of the primary drivers for the growth of the small launch vehicle market in Europe is the growing need for small satellites to serve various commercial and military applications. Additionally, government attempts to support domestic launch capabilities and advancements in technology. The market's expansion, however, can be hampered by issues like high development and launch costs, stringent regulatory frameworks, and the small launch vehicles' constrained payload capabilities.

Europe Small Launch Vehicle Market: Leading Players

In the European small launch vehicle market, major companies such as Arianespace SA, Rocket Factory Augsburg AG, Virgin Orbit LLC, PLD Space S.L., Orbex Limited, and others have taken an active role in promoting their technological capabilities to enhance competitiveness. These firms seek to fulfill the increasing demand for dependable and affordable small satellite launch options by concentrating on innovation and developing state-of-the-art technologies. Their dedication to spearheading innovations and growing their presence in the ever-evolving European space launch sector is further evidenced by their deliberate focus on technology development.

Europe Small Launch Vehicle Market Report: Government Regulations

Through the implementation of initiatives including as financial programs and strategic alliances with private firms, the European government has demonstrated proactivity in building domestic launch capabilities. The European Launch Service Provider Initiative, which the European Space Agency (ESA) launched in 2019, is one such example. The goal of this program is to increase regional autonomy in satellite launches by promoting the development of small launch vehicle technologies in Europe. A commitment to fostering innovation and competitiveness in the European space industry is demonstrated by such governmental backing, which makes it easier for the public and private sectors to work together to enhance launch technology and infrastructure.

Future Insights of the Market

The outlook for the European small launch vehicle market seems optimistic, supported by ongoing technological advancements and increasing investments in space exploration. The increasing demand for small satellites in a variety of applications is projected to fuel market growth. However, obstacles like high operating expenses and strict regulatory frameworks may limit prospects for expansion. For players hoping to realize the full potential of the market, navigating these challenges will be essential. This highlights the necessity for creative thinking and teamwork to get over impediments and maintain momentum in Europe's developing small launch vehicle market.

Market Segmentation by Payload

According to Dhaval, Research Manager, 6Wresearch, the segment of launch vehicles with payloads ranging between 21Kg-150Kg is anticipated to have the highest growth rate in the European small launch vehicle market during the forecast period. This is explained by the growing need for tiny satellite launches for a range of uses, including communication, navigation, and earth observation.

Market Segmentation by End Users

According to the latest market research report, the commercial segment is projected to experience significant growth in the European small launch vehicle market during the forecast period of 2024-2030. This is explained by the growing need among private enterprises to launch small satellites and constellations for a range of uses, including remote sensing, Earth observation, and telecommunication.

Market Segmentation by Countries

The Europe small launch vehicle market is anticipated to grow substantially in the forecast period of 2024-2030. The growth can be linked to various elements such as rising demand for small satellites, advancements in technology, and government initiatives towards space exploration.

Key Highlights of the Report

Europe Small Launch Vehicle Market Overview
Europe Small Launch Vehicle Market Outlook
Europe Small Launch Vehicle Market Forecast
Historical Data of Europe Small Launch Vehicle Market Revenues & Volume for the Period 2020-2030
Europe Small Launch Vehicle Market Size and Europe Small Launch Vehicle Market Forecast of Revenues & Volume, Until 2030
Historical Data of Europe Small Launch Vehicle Market Revenues and Volume, By Payload, for the Period 2020-2030
Market Size & Forecast of Europe Small Launch Vehicle Market Revenues and Volume, By Payload, Until 2030
Historical Data of Europe Small Launch Vehicle Market Revenues and Volume, By End Users, for the Period 2020-2030
Market Size & Forecast of Europe Small Launch Vehicle Market Revenues and Volume, By End Users, Until 2030
Historical Data of Germany Small Launch Vehicle Market Revenues and Volume, for the Period 2020-2030
Market Size & Forecast of Germany Small Launch Vehicle Market Revenues and Volume, Until 2030
Historical Data of France Small Launch Vehicle Market Revenues and Volume, for the Period 2020-2030
Market Size & Forecast of France Small Launch Vehicle Market Revenues and Volume, Until 2030
Historical Data of Italy Small Launch Vehicle Market Revenues and Volume, for the Period 2020-2030
Market Size & Forecast of Italy Small Launch Vehicle Market Revenues and Volume, Until 2030
Historical Data of United Kingdom Small Launch Vehicle Market Revenues and Volume, for the Period 2020-2030
Market Size & Forecast of United Kingdom Small Launch Vehicle Market Revenues and Volume, Until 2030
Market Drivers and Restraints
Europe Small Launch Vehicle Market Price Trends
Europe Small Launch Vehicle Market Trends and Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
Europe Small Launch Vehicle Market Share, By Players
Europe Small Launch Vehicles Market Share, By Regions
Europe Small Launch Vehicle Market Overview on Competitive Benchmarking
Company Profiles
Key Strategic Recommendations

Market Covered

The Europe Small Launch Vehicle Market report provides a detailed analysis of the following market segments:

By Payload

Less than 20Kg
21Kg-150Kg
151Kg-500Kg
501Kg-1200Kg
1201Kg-2200Kg

By End Users

Academic
Commercial
Government
Defense
Non-Profit Organization

By Countries

Germany
Italy
France
United Kingdom
Rest of Europe

2021 Sep 28 : Report

Product Code: ETC000853	Publication Date: Sep 2021	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 200	No. of Figures: 90	No. of Tables: 30

Latest 2023 Developments of the Europe Small Launch Vehicle Market

Europe Small Launch Vehicle Market has seen the latest developments which include the introduction of technologies which would make it possible to create a light and cheap launch vehicle fitted with a hybrid propulsion system, that would feature a composite structure and components which could be created on the basis of the 3D printing technology. The launch price is also expected to be lowered, thanks to a technology which will make it possible to recover the rocket, fully or partially. Solutions to this sort of project include dedicated small sat rockets launched from mobile or static platforms and airborne-launched vehicles. The space launch business experienced a dramatic lowering of per-unit prices along with the addition of entirely new capabilities, bringing about a new phase of competition in the space launch market.

Mergers and Acquisitions:

On December 20, 2020, Lockheed Martin Corporation announced, it had entered into a definitive agreement to acquire Aerojet Rocketdyne Holdings, Inc.
On October 9, 2020 – Lockheed Martin announced the signing of a definitive agreement to acquire a portion of Integration Innovation Inc. (i3).

Latest 2023 Developments of the Synopsis

Rising investment in large-scale space organizations would propel the demand for small launch vehicles in the region. Moreover, an increase in the usage of small satellites in the commercial segment would influence market growth over the coming years.

According to 6Wresearch, Europe Small Launch Vehicle Market size is anticipated to register growth during 2019-25. European Space Agency (ESA) has several space flight programs including the launch & operation of unmanned exploration missions, earth observation, science & telecommunication along with designing launch vehicles. Technological advancements by government organizations and private players in the European Union region to develop cost-effective Small Launch Vehicles (SLV) would influence the market growth during the forecast period.

On the basis of end-user, the market can be broadly categorized into academic, commercial, government, defence, and non-profit organizations. The government end-user segment dominated the market in 2018. However, the commercial end-user segment is projected to register the highest growth rate in the European region.

The Europe Small Launch Vehicle market report thoroughly covers the market by payload, end-user, and key countries including Germany, the United Kingdom, Italy, France, and the Rest of Europe region. The Europe Small Launch Vehicle market outlook report provides an unbiased and detailed analysis of the ongoing Europe Small Launch Vehicle market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

Europe Small Launch Vehicle Market Overview
Europe Small Launch Vehicle Market Outlook
Europe Small Launch Vehicle Market Forecast
Historical Data of Europe Small Launch Vehicle Market Revenues & Volume for the Period 2015-2018
Europe Small Launch Vehicle Market Size and Europe Small Launch Vehicle Market Forecast of Revenues & Volume, Until 2025
Historical Data of Europe Small Launch Vehicle Market Revenues and Volume, By Payload, for the Period 2015-2018
Market Size & Forecast of Europe Small Launch Vehicle Market Revenues and Volume, By Payload, Until 2025
Historical Data of Europe Small Launch Vehicle Market Revenues and Volume, By End Users, for the Period 2015-2018
Market Size & Forecast of Europe Small Launch Vehicle Market Revenues and Volume, By End Users, Until 2025
Historical Data of Germany Small Launch Vehicle Market Revenues and Volume, for the Period 2015-2018
Market Size & Forecast of Germany Small Launch Vehicle Market Revenues and Volume, Until 2025
Historical Data of France Small Launch Vehicle Market Revenues and Volume, for the Period 2015-2018
Market Size & Forecast of France Small Launch Vehicle Market Revenues and Volume, Until 2025
Historical Data of Italy Small Launch Vehicle Market Revenues and Volume, for the Period 2015-2018
Market Size & Forecast of Italy Small Launch Vehicle Market Revenues and Volume, Until 2025
Historical Data of United Kingdom Small Launch Vehicle Market Revenues and Volume, for the Period 2015-2018
Market Size & Forecast of United Kingdom Small Launch Vehicle Market Revenues and Volume, Until 2025
Market Drivers and Restraints
Europe Small Launch Vehicle Market Price Trends
Europe Small Launch Vehicle Market Trends and Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
Europe Small Launch Vehicle Market Share, By Players
Europe Small Launch Vehicles Market Share, By Regions
Europe Small Launch Vehicle Market Overview on Competitive Benchmarking
Company Profiles
Key Strategic Recommendations