Abstract: The technological development status of new generation low cost small-lift launch vehicles applied to small satellite launch is investigated in this paper. The development trends are summarized, including low cost and rapid response capability, utilization of mature rocket and missile technology, the development of mobile launch technology adopting air-based platforms and use of innovative technology. Moreover, the external power and internal demand of the small-lift launch vehicle are analyzed and the market prospect is forecasted. Finally, proposals for the development of small-lift launch vehicles are put forward, including exploration of the potential of existing rocket and missile technology, development of multi-platform mobile launch technology and further application of innovative technology and ideas.

Key words: Small satellite, Low cost, Small-lift launch vehicle, Development trends, Market prospect