Global Small Launch Vehicle Market - Analysis and Forecast (2017-2026)

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Space launch industry comprises of a range of activities which are utilizing resources to create
adequate value and benefit society globally, in terms of understanding, exploring, researching,
managing, as well as utilizing space. During the initial years of the development of space
technologies, the main focus of companies was on developing heavy and large sized satellites
and vehicles capable of launching the satellites. Over a period of time, there have been various
developments in technology which have created a huge demand for small size satellites as
well as cost effective launch solutions. The challenges faced by small satellite manufacturers
during launch through heavy vehicles is escalating the demand for development of small launch
vehicles dedicated for launching small satellites.
The small launch vehicle market, though an emerging market, is one of the most highly
competitive industries, with the leading players competing against each other to gain a greater
share in the space industry. The introduction of small launch vehicles is unprecedented and
is anticipated to bring about radical changes in the space industry. Due to ongoing efforts of
industry players to develop high end launching solutions, for space missions, the small launch
vehicle market is anticipated to grow at a rapid pace. The small launch vehicle market witnessed
a high growth rate owing to increase in deployment of small satellites for commercial end
users, surge in demand for small satellite constellations, and significant increase in investment
of large space organization in developing small launch vehicles. Recent innovations in launch
vehicle components and services has enabled the small launch vehicle technology to reach a
wider segment of consumers in the industry.
Small launch vehicle have different payload capacity and is broadly classified into payload
ranges as < 20 kg, 20 kg – 50 kg, 50 kg - 200 kg, 200 kg - 500 kg, and 500 kg - 1200 kg.
The end users for the market are academic; the commercial end users include agriculture, IT &
telecommunication, oil & gas, and mining; government; defense; and non-profit organizations.
The market is analyzed for four geographical regions, which are North America, Europe, Asia-
Pacific, and RoW (Rest of the World).
Some of the key players in the small launch vehicle market include CubeCab, EUROCKOT
Launch Services GmbH, IHI Corporation, Israel Aerospace Industries Ltd., Lockheed Martin
Corporation, Mitsubishi Heavy Industries, Ltd., Orbital ATK, Inc., Rocket Crafters, Inc., Rocket
Lab USA, Inc., Space Exploration Technologies Corp., Spacefleet Ltd., The Boeing Company, and
XCOR Aerospace, Inc., among others.
Global Small Launch Vehicle Market - Analysis and Forecast 2017-2026

Source: BIS Research Analysis
The global market for small launch vehicle was estimated to be $166.3 million in the year
2016. Small launch vehicle market is filled with developments for emerging technologies such
as 3-D printed electronic components & structure, reusable launch vehicle, and electronic & air
breathing propulsion system, among others, which are expected to increase competition in the
near future as well as facilitate utilization of small launch vehicle for deploying small satellites.
The small launch vehicle market is expected to grow at a double digit CAGR during the forecast
period, 2017-2026.
At present, 500 kg – 1,200 kg payload range contributed the largest share to the small launch
vehicle market, as substantial number of companies in space industry, such as IHI Corporation,
The Boeing Company, Lockheed Martin Corporation, Orbital ATK, Inc., and Mitsubishi Heavy
Industries, Ltd. are actively operating their small launch vehicles in this payload range. However,
50 kg – 200 kg payload range is expected to witness highest growth in the market, owing to the
rise in launch of small satellites for the development of distributed systems or constellations of
small satellites for varied commercial applications.
Government accounted for the highest share of small launch vehicle market in 2016, owing
to high investment by government space agencies in developing efficient and cost effective
small launch vehicle systems in order to meet its growing demand for increased number of
small satellite deployments coming from different end-users for varied applications, such as
earth observation, communication, navigation, remote sensing, academic research, and space
exploration, among others.
Global Small Launch Vehicle Market Size, 2016-2026
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2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Revenue($Million)
Year

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Following points provide a concrete description of the report content and the topics covered in
the report:
• What is the size, in terms of revenue, of small launch vehicle market in 2016, and growth
rate during the forecast period, 2017-2026?
• What are different payload ranges for small launch vehicles and developments by
respective manufacturers?
• What is the revenue generation of small launch vehicles being utilized by different end
users in 2016 and their growth prospects?
• How increase in number of small satellite constellations for commercial end user is
affecting the growth of small launch vehicle market?
• What is the market size of small launch vehicle on the basis of different geographical
regions?
• What are the key trends and opportunities in small launch vehicle market, pertaining to
countries included in different geographical regions?
• How attractive is the market for different stakeholders present in the market by analyzing
the futuristic scenario of small launch vehicles?
• What is the present manufacturing cost breakup for different small launch vehicle
systems, and their estimated scenario for 2026?
• What are the major driving forces that tend to increase the demand of small launch
vehicles during the forecast period?
• What are the major challenges inhibiting the growth of the global small launch vehicle
market?
• What kind of new strategies are being adopted by existing market players to make a
mark in the industry?
• What is the competitive strength of key players in the small launch vehicle market by
analysing through a market share analysis and competitive benchmarking model?
• Additionally, what are the key market players in the market, along with their detailed
analysis profiles?
• Company profile section covers the business financials, company snapshots, key products
services, major developments, SWOT analysis and future programs (if any) of 13
leading players in the market

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Analysis Forecast:
Base Year: 2016
Estimated Year: 2017
10 Year Annual Estimated Forecast
(2017-2026)
Market by Payload Range:
20 kg, 20 kg - 50 kg, 50 kg - 200 kg, 200 kg - 500 kg, and 500 kg – 1200 kg
Market by End User:
Academic, Commercial, Government, Defense, and Non-Profit Organisation
Market by Geography:
North America, Europe, Asia-Pacific, and Rest of the World

TABLE OF CONTENTS
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Executive Summary
1 Research Scope BIS Methodology
1.1 Scope of the Report
1.2 Small Launch Vehicle Market Research
Methodology
2 Market Dynamics
2.1 Drivers
2.1.1 Increase in Deployment Of Small
Satellites for Commercial End Users
2.1.2 Rise in Demand for Small Satellite
Constellations
2.1.3 Significant Increase in Investment of
Large Space Organizations
2.2 Challenges
2.2.1 Reduction in the Cost of Launching
Small Launch Vehicles
2.2.2 Developing a Dedicated and Low
Cost Launching Site for Small Launch
Vehicles
2.3 Opportunities
2.3.1 Advancements in 3D Printing
Technology for Developing the
Components of Small Launch Vehicle
2.3.2 Nations Developing Their Own Low
Cost Launching Site
2.4 Factors Impacting the Market
3 Competitive Insights
3.1 Competitive Landscape
3.2 Key Market Developments and Strategies
in the Global Small Launch Vehicle Market
3.2.1 Product Launches And Business
Expansions
3.2.2 Partnerships, Joint Ventures, and
Collaborations
3.2.3 Mergers and Acquisitions
3.2.4 Others
3.3 Market Share Analysis and Competitive
Benchmarking
4 Industry Analysis
4.1 Evolution of Small Launch Vehicles
4.2 Product and Pricing Analysis on Small
Launch Vehicles
4.3 Small Launch Vehicle Start-Ups, 2014-
2016
4.4 Patent Analysis
4.5 Value Chain Analysis
5 Global Small Launch Vehicle Market
5.1 Assumptions and Limitations
5.2 Market Overview
5.2.1 Market Definition
6 Global Small Launch Vehicle Market by
Payload Range
6.1 Market Overview
6.2 20 kg
6.3 20 kg – 50 kg
6.4 50 kg – 200 kg
6.5 200 kg – 500 kg
6.6 500 kg – 1,200 kg
7 Global Small Launch Vehicle Market By End
User
7.1 Market Overview
7.2 Academic
7.3 Commercial
7.4 Government
7.5 Defense
7.6 Non-Profit Organization
8 Global Small Launch Vehicle Market by
Geography
8.1 Market Overview
8.2 North America
8.3 Europe
8.4 Asia-Pacific
8.5 Rest of the World
9 Futuristic Scenario: Technological
Advancements and Opportunities for Different
Stakeholders
9.1 Cost Advantages in Small Launch Vehicle
9.1.1 Upgradation in Propulsion System
9.1.2 Advancements in Structure
Composition
9.2 Developments in Reusable Launch

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TABLE OF CONTENTS
Vehicles (RLV)
10 Company Profile
10.1 CubeCab
10.1.1 Company Overview
10.1.2 Product Offerings
10.1.3 SWOT Analysis
10.2 Catena Space Ltd.
10.3 EUROCKOT Launch Services GmbH
10.4 IHI Corporation
10.4.3 Financials
10.4.3.1 Overall Financials
10.4.3.2 Business Segment Revenue
Mix
10.4.3.3 Geographic Revenue Mix
10.5 Israel Aerospace Industries Ltd.
10.5.3 Financials
Mix
10.6 Lockheed Martin Corporation
10.6.3 Financials
10.6.3.2 Segment Revenue Mix
10.7 Mitsubishi Heavy Industries, Ltd.
10.7.3 Financials
Mix
10.8 Orbital ATK, Inc.
10.8.3 Financials
Mix
10.9 Rocket Lab USA, Inc.
10.10 Space Exploration Technologies Corp.
10.11 Spacefleet Ltd.
10.12 The Boeing Company
10.12.3 Financials
10.12.3.2 Segment Revenue Mix
10.13 XCOR Aerospace, Inc.
11 Appendix
11.1 Related Reports

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LIST OF TABLE
Table 3.1 New Product Launches and Business
Expansions
Table 3.2 Partnerships, Joint Ventures, and
Collaborations
Table 3.3 Mergers and Acquisitions
Table 3.4 Others
Table 4.1 Product Offerings by Leading
Manufacturers
Table 4.2 Pricing on Small Launch Vehicle, 2016
Table 4.3 Small Launch Vehicles and Emerging
Start-Ups
Table 4.4 Patent Analysis: System and Method
for Magnetically Launching Projectiles
or Spacecraft
Table 4.5 Patent Analysis: Small Launch Vehicle
Table 4.6 Patent Analysis: Fuel Supplying
System for Liquid-Propellant Rocket
Engine Test
Table 4.7 Patent Analysis: Unmanned Aerial
Vehicle Launch System
Table 4.8 Patent Analysis: Method for Launching
a Missile
Table 6.1 Small Launch Vehicle Market by
Payload Range, 2016-2026
Table 7.1 Small Launch Vehicle Market by End
User, 2016-2026
Table 8.1 Small Launch Vehicle Market Size by
Geography, 2016-2026
Table 8.2 North American Small Launch
Vehicles, 2016
Table 8.3 Asia-Pacific Small Launch Vehicles,
2016
Table 8.4 Rest of the World Small Launch
Vehicles, 2016
Table 9.1 Small Launch Vehicles – Cost per
Launch ($Million), 2016

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LIST OF FIGURES
Figure 1 Small Satellites Launched by Different
End Users, 2011-2016 (Unit)
Figure 2 Global Small Launch Vehicle Market by
Payload Range, 2016-2026 ($Million)
End User, 2016-2026 ($Million)
Geography, 2016-2026 ($Million)
Figure 1.1 Small Launch Vehicle Market
Segmentation
Figure 1.2 Secondary Data Sources
Figure 1.3 Top Down and Bottom up Approach
Figure 1.4 Small Launch Vehicle Market
Influencing Factors
Figure 1.5 Assumptions and Limitations
Figure 2.1 Small Launch Vehicle: Market
Dynamics
Figure 2.2 Small Satellite Launches for
Commercial End User, 2007-2016
Figure 2.3 Major Satellite Constellation
Launches: 1990 - 2020
Figure 2.4 NASA’s Launch Vehicle Development
Budget: 2015 - 2021
Figure 2.5 Small Launch Vehicles: Analysis of
Launch Price vs. Maximum Payload
Figure 2.6 3D Printing Material Market for
Aerospace Defense Industry
Figure 2.7 Operational Launch Sites
Figure 2.8 Factors Impacting the Market: 2017
2026
Figure 3.1 Some of the Organic and Inorganic
Growth Strategies Adopted by the
Key Players
Figure 3.2 Share of Developments and
Strategies
Figure 3.3 Global Small Launch Vehicle Market:
Market Share Analysis, 2016
Figure 3.4 Small Launch Vehicle: Competitive
Benchmarking
Figure 4.1 Evolution of Small Launch Vehicles:
2010-2016
Figure 4.2 Small Launch Vehicle: Value Chain
Analysis
Figure 4.3 Focus Areas for SLV Designing
Figure 4.4 Small Launch Vehicle: Manufacturing
Process Steps
Figure 5.1 Global Small Launch Vehicle Market
by Value 2016-2026 ($Million)
Figure 6.1 Classification of Small Launch Vehicle
Market by Payload Range, Market
Share (%) 2016
Figure 6.2 Small Launch Vehicle Market by
Payload Range 2016-2026 ($Million)
Figure 6.3 Small Launch Vehicle Market for
20 kg Payload Range, 2016-2026
($Million)
Figure 6.4 Small Launch Vehicle of 20 kg
Payload
Figure 6.5 Small Launch Vehicle Market for 20
kg – 50 kg Payload Range, 2016-
2026 ($Million)
Figure 6.6 Small Launch Vehicle of 20 kg – 50
kg Payload
2026 ($Million)
Figure 6.8 Small Launch Vehicle of 50 kg – 200
kg Payload
2026 ($Million)
Figure 6.10 Small Launch Vehicle of 200 kg –
500 kg Payload

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LIST OF FIGURES
Figure 6.11 Small Launch Vehicle Market for
500 kg – 1,200 kg Payload Range,
2016-2026 ($Million)
Figure 6.12 Small Launch Vehicle of 500 kg –
1,200 kg Payload
Figure 7.1 Small Launch Vehicle Market by End
User, 2016
Figure 7.2 Small Launch Vehicle Market by End
User, 2016-2026 ($Million)
Academic End User, 2016-2026
($Million)
Commercial End User, 2016-2026
($Million)
Government End User, 2016-2026
($Million)
Defense End User, 2016-2026
($Million)
Figure 7.7 Small Launch Vehicle Market by Non-
Profit Organization End User, 2016-
2026 ($Million)
Figure 8.1 Classification of Small Launch Vehicle
Market by Geography
Geographical Regions, Market Share
(%) 2016
Figure 8.3 North America Small Launch Vehicle
Market Size, 2016-2026 ($Million)
Figure 8.4 European Small Launch Vehicle
Figure 8.5 Asia-Pacific Small Launch Vehicle
Figure 8.6 Rest of the World Small Launch
Vehicle Market Size, 2016-2026
($Million)
Figure 9.1 Small Launch Vehicle – Share of
Different Components in Overall Cost
per Launch, 2016
Figure 9.2 Components of SLV - Cost per
Launch Share (%), 2016-2026
Figure 9.3 Propulsion Systems Technological
Roadmap, 2010-2035
Figure 9.4 Benefits and Challenges of 3D
Printing
Figure 9.5 Reusable SLV Market - Determining
Factors
Figure 10.1 EUROCKOT Launch Services GmbH:
Product Offerings
Figure 10.2 IHI Corporation: Product Offerings
Figure 10.3 IHI Corporation – Overall
Financials, 2015-2017
Figure 10.4 IHI Corporation – Business
Segment Revenue Mix, 2014-2016
Figure 10.5 IHI Corporation – Geographic
Revenue Mix, 2014-2016
Figure 10.6 Israel Aerospace Industries Ltd.:
Product Offerings
Figure 10.7 Israel Aerospace Industries Ltd. –
Overall Financials, 2014-2016
Figure 10.8 Israel Aerospace Industries Ltd. –
Business Segment Revenue Mix, Q1
2016 - Q1 2017
Figure 10.9 Lockheed Martin Corporation:
Product Offerings
Figure 10.10 Lockheed Martin Corporation –
Business Segment Revenue Mix,
2014-2016

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LIST OF FIGURES
Geographic Revenue Mix, 2015-
2016
Figure 10.13 Mitsubishi Heavy Industries, Ltd.:
Product Offerings
Figure 10.14 Mitsubishi Heavy Industries, Ltd. –
Figure 10.15 Mitsubishi Heavy Industries, Ltd.
– Business Segment Revenue Mix,
2014-2016
Figure 10.16 Mitsubishi Heavy Industries, Ltd.
– Geographic Revenue Mix, 2015-
2016
Figure 10.17 Orbital ATK, Inc.: Product
Offerings
Figure 10.18 Orbital ATK, Inc. – Overall
Figure 10.19 Orbital ATK, Inc. – Business
Figure 10.20 Rocket Lab USA, Inc.: Product
Offerings
Figure 10.21 Space Exploration Technologies
Corp.: Product Offerings
Figure 10.22 The Boeing Company: Product
Offerings
Figure 10.23 The Boeing Company – Overall
Figure 10.24 The Boeing Company – Business
Figure 10.25 The Boeing Company –
Geographic Revenue Mix, 2015-
2016
Figure 10.26 XCOR Aerospace, Inc.: Product
Offerings

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Global Small Launch Vehicle Market - Analysis and Forecast (2017-2026)