Commercial Satellite Launches and Technological Innovations Drive SLV Market Expansion

According to the latest market research study published by P&S Intelligence, the global satellite launch vehicle market is poised for steady expansion, with its value expected to grow from USD 6,901.8 million in 2024 to USD 8,517.9 million by 2030, advancing at a CAGR of 3.6%. The market’s growth is driven by the escalating frequency of satellite launches for communication, earth observation, weather forecasting, and defense applications. These rising activities reflect the intensifying global demand for advanced connectivity, surveillance, and remote sensing capabilities. Download free Report Sample Now One of the most transformative trends fueling this momentum is the emergence of reusable launch vehicles. These are revolutionizing space accessibility by drastically cutting costs and ensuring more reliable and on-demand launch operations. Furthermore, as governments and private entities continue to explore cost-effective and sustainable launch solutions, this shift toward reus...