Iran usually displays its military and space achievements in February during the anniversary of its 1979 Islamic Revolution that toppled the U.S.-backed Shah.
State television said the Raad-500 missile was half the weight of a similar missile, the Fateh-110, but its range was about 200 km (120 miles) more and it could be powered by a new generation of engines designed to put satellites into orbit.
There was no immediate U.S. comment on the announcements.
Israeli Prime Minister Benjamin Netanyahu noted the satellite launch had failed and said Israel was continuing to curb Iranian military reach.
"They are also failing when it comes to the transfer of weapons to Syria and Lebanon because we are acting (against that) all the time, including during these very days," he wrote in a tweet.
Washington reimposed sanctions on Iran after President Donald Trump in 2018 pulled the United States out of the 2015 nuclear deal between Tehran and six world powers.
Under that deal, Tehran curbed its nuclear programme in exchange for the lifting of international sanctions on Iran.
But Trump said the agreement was flawed because it was not permanent, did not address Iran’s missile programme and did not involve what Washington considers Iran's meddling in regional countries.
