The global small launch vehicle (SLV) market is one of the most competitive industries with the leading players actively competing against each other to gain a greater share in the industry. The competitive landscape of the SLV market exhibits an inclination toward emerging strategies and developments by market players. The key players that are actively participating in the global SLV market include CubeCab, EUROCKOT Launch Services GmbH, IHI Corporation, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Mitsubishi Heavy Industries, Ltd., Orbital ATK, Inc., Rocket Lab USA, Inc., Space Exploration Technologies Corp., Spacefleet Ltd., and The Boeing Company.
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The prominent players in the SLV market adopted strategies of product launches, mergers and acquisitions, partnerships and collaborations, contracts, and other strategies to expand their business. The companies are also involved in some of the other developments that include demonstration, integration, and business expansion. Due to the intensive competition, the SLV industry requires manufacturers to constantly innovate and develop cost-effective products. The existing companies as well as new entrants aim to develop next-generation small launch vehicles, which are in adherence with the existing and forthcoming industry standards for various end-user applications. The market is likely to grow rapidly with the huge potential of SLVs in terms of providing cost-effective and faster launch solution.
The market dynamics section of this report examines the diverse factors which govern the demand and supply of products in the small launch vehicle (SLV) market. This analysis provides an in-depth understanding of the direction in which the market is headed and the impact of various factors on the same. This section covers the market dynamics, namely drivers, restraints, and opportunities, in the global SLV market, listing and analyzing several factors that positively and negatively affect the market.
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Over the last few years, several companies have entered the small satellite industry motivated by the significant reduction of manufacturing cost, due to the invention of new structural standard and advanced electronic components. SLVs mainly use a large part commercial off-the-shelf (COTS) components with up-to-date technologies such as micro electromechanical systems (MEMS), active and passive de-orbit, rapid prototyping, on-orbit servicing, plug-and-play systems, improvement of resolutions, in-orbit autonomy, altitude knowledge and control, and on-board power. The use of COTS components provides radiation shielding without compromising the quality.
There are many companies and organizations working in the area of the development of SLVs using COTS components. For instance, Defense Advanced Research Projects Agency (DARPA), Airborne Launch Assist Space Access (ALASA) and NASA’s Venture Class Launch Services (VCLS) have planned to fund new entrants in their research upon and development of SLVs. Furthermore, several programs such as Airborne Launch Assist Space Access (ALASA) are organized for developing an affordable method for launching small satellites.
UPCOMING INDUSTRY TRENDS 