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The global launch market reached $14.1 billion in 2024 — up 34% since 2021.
| Attribute | GSLV Mk III (LVM3) 🇮🇳 India Trust: Agency-primaryⓘ Last verified Active · Last updated 2026-06-01Remove × | Electron 🇳🇿 New Zealand / USA Trust: Agency-primaryⓘ Last verified Active · Last updated 2026-06-01Remove × | |
|---|---|---|---|
| Company | ISRO | CASC / CALT | Rocket Lab |
| Country | 🇮🇳 India | 🇨🇳 China | 🇳🇿 New Zealand / USA |
| Status | Active | Active | Active |
| Vehicle class | Heavy | Medium | Small |
| Propellant | Solid (S200 boosters) + UDMH/N₂O₄ (L110) + LH₂/LOX (C25) | RP-1 / LOX (YF-100 + YF-115) | RP-1 / LOX |
| Reusable | No | No | Yes |
| Stages | 3 | 2 | 2 |
| First flight | 2017 | 2016 | 2017 |
| Payload to LEO | 10,000 kgas of [1] | 13,500 kgas of [1]SSO capacity ~5,500 kg ↑ Best | 300 kgas of [1]~200 kg reusable mode (lower due to propellant reserved for re-entry burn) |
| Payload to GTO | 4,000 kgas of [1] ↑ Best | — | — |
| Height | 43.43 mas of [1] | 53.1 mas of [1] ↑ Best | 18 mas of [1] |
| Liftoff mass | 643 tas of [1] ↑ Best | 597 tas of [1] | 13 tas of [1] |
| Success rate | 100%as of [2]10/10 missions since development flight 2014 (D1). Production flights since 2017. ↑ Best | 100%as of [2]12/12 missions, all Tianzhou ISS resupply or CZ-7 tech demo flights ↑ Best | 95.4%as of [2]83/87 orbital successes; 21/21 success rate in 2025 calendar year per Rocket Lab investor release |
| Total flights | 10as of [2] | 12as of [2]Most recently Tianzhou-10 cargo to Tiangong (May 11, 2026) | 87as of [2] ↑ Best |
| Cost / kg LEO | ~$4,500/kgas of [1]Estimated from OneWeb commercial contract ~$450M for 36 satellites (~5 tonne batch to GTO) ↓ Cheapest | — | ~$25,000/kgas of [1]Based on ~$7.5M list price / 300 kg payload |
| Summary | India's most powerful rocket. Launched Chandrayaan-3 (Moon lander) in Jul 2023 and OneWeb internet satellites commercially. Renamed LVM3 (Launch Vehicle Mark 3) in 2022. The CE-20 cryogenic engine was entirely ISRO-developed — previously India depended on Russian technology for the GSLV Mk II. | China's workhorse medium-lift rocket, used exclusively for Tianzhou automated cargo missions to the Tiangong space station. Designed to replace the Long March 2F for high-cadence LEO/cargo missions. Uses the same YF-100 engines as Long March 5's boosters. | The world's most commercially active small launch vehicle, designed and built in-house at Rocket Lab. Rutherford engines are the first flight-proven engines made with additive manufacturing (metal 3D printing). Booster recovery via parachute and helicopter catch (later transitioned to ocean recovery). |
28 launch vehicles across 10 countries — active, retired, and in development — with primary-source citations from manufacturer user guides and agency press kits. Pure URL state: bookmark or share the link and the comparison reproduces exactly.