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Small Launch Vehicle Market Analysis by [Region] | BIS Research A small launch vehicle (SLV) refers to a launch vehicle (rocket) that can carry a payload of a maximum of 2,200 Kg to low Earth orbit (LEO) in a single mission, either dedicated or rideshare. Since the middle of the 1950s, small-lift launch vehicles have been in development and operation across the globe. In 2021, the contribution of Asia-Pacific held the highest share of the global small launch vehicle market. The region is anticipated to hold a significant share in the global market by the end of 2032. The majority of the market growth in the Asia-Pacific region is contributed by the market in China owing to the presence of key market players such as China Aerospace Science and Technology Corporation (CASC) and Galactic Energy (Beijing) Space Technology Co., LTD. CASC and Galactic accounted for more than 30 successful SLV launches per year. The global small launch vehicle market is expected to reach $4,624.0 million by 2032, with a CAGR of 13.34% during the forecast period 2022-2032.
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