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COTS use, cooperation between industry and government key to growth of launch-vehicle market, study says

DUBLIN. The global market for small launch vehicles (SLVs) that bring satellites into orbit is expected to reach $4.62 billion in 2032, notching a combined annual growth rate (CAGR) of 13.34% during the forecast period of 2022 to 2032, according to a new study by Research and Markets, "Global Small Launch Vehicle Market A Comprehensive Launch Market Assessment: Focus on End User, Satellite Mass, Platform Type, Propulsion Type, Service Type, and Country Analysis and Forecast, 2022-2032."

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