Emerging Trends in the Satellite Launch Vehicle Industry: A Global Perspective
1. Introduction
The satellite launch vehicle industry is experiencing rapid transformation due to advancements in technology, growing private-sector involvement, and increasing government investments in space exploration. The market, valued at $15.7 billion in 2022, is projected to reach $29.1 billion by 2027, growing at a CAGR of 13.1%. With the rise of reusable launch vehicles, small satellite...