Insights Into The Reusable Launch Vehicle Market’s Growth Opportunities Through 2023-2032 – Includes Reusable Launch Vehicle Market Share
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The rise in satellite launches are expected to drive innovation in reusable launch vehicle manufacturing, thus driving the market during the forecast period.
The global reusable launch vehicle market is expected to grow from $1.88 billion in 2022 to $2.15 billion in 2023 at a compound annual growth rate (CAGR) of 14.1%. The reusable launch vehicle market size is expected to grow to $3.38 billion in 2027 at a CAGR of 12.0%.
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Global Reusable Launch Vehicle Market Segments Include:
- By Type: Partially Reusable Launch Vehicle, Fully Reusable Launch Vehicle
- By Orbit Type: Low Earth Orbit (LEO), Geosynchronous Transfer Orbit (GTO)
- By Vehicle Weight: Up to 6,000 lbs, 6,000 to 10,000 lbs, Over 10,000 lbs
- By Configuration: Single Stage, Multi Stage
- By Application: Commercial, Defense
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global reusable launch vehicle market in 2021.
Major Market Players in the reusable launch vehicle market include LinkSpace Aerospace Technology Group, Blue Origin LLC, the National Aeronautics and Space Administration (NASA), the Indian Space Research Organisation.
Technology advancement is a key trend gaining popularity in the reusable launch vehicle market. Major companies operating in reusable launch vehicles are developing technologically advanced reusable launched vehicles to sustain their position in the market. For instance, in September 2022, ArianeGroup, a France-based aerospace company, launched Susie (Smart Upper Stage for Innovative Exploration). Susie is a versatile, modular, safe, and dependable vehicle used to carry out critical tasks in space. It has a huge internal bay (40 m3) that will be ideal for freight or payload transport along with crewed flights. Susie is a fully integrated concept that aims to increase reuse opportunities and thus reduce operational costs.
The Reusable Launch Vehicle Global Market Report 2023 provides a reusable launch vehicle market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The reusable launch vehicle market forecast analyzes reusable launch vehicle market size, reusable launch vehicle market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
A reusable launch vehicle refers to a launch vehicle that can be launched more than once. It is designed to return to earth completely unharmed, or it has vehicle stages that a launch operator may be retrieved and employed in the future to run an essentially comparable launch vehicle. These vehicles can dramatically reduce launch costs, decreasing the barrier to entry into space.
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