The reusable launch vehicle global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Reusable Launch Vehicle Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The reusable launch vehicle market size has grown rapidly in recent years. It will grow from $2.08 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to cost reduction, space industry expansion, spaceport infrastructure, environmental considerations, space debris mitigation.
The reusable launch vehicle market size is expected to see rapid growth in the next few years. It will grow to $3.57 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to increased payload capacity, global spaceports, government space programs, satellite internet networks, interplanetary exploration. Major trends in the forecast period include space tourism boom, commercial satellite mega-constellations, rapid turnaround, global launch competition, heavy-lift reusability.
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Scope Of Reusable Launch Vehicle Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Reusable Launch Vehicle Market Overview
Market Drivers –
The rise in satellite launches is expected to propel the growth of the reusable launch vehicle market going forward. Satellite launches refer to the launch of satellites into space or the air. The rise in satellite launches can profit from using reusable launch vehicles as they reduce the cost of launching the satellite. For instance, in September 2022, according to the Government Accountability Office, a US-based government agency, there are almost 5,500 active satellites in orbit as of spring 2022, and one estimate predicts the launch of an additional 58,000 by 2030. Therefore, the rise in satellite launches drives the growth of the reusable launch vehicle market.
Market Trends –
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 market covered in this report is segmented –
1) By Type: Partially Reusable Launch Vehicle, Fully Reusable Launch Vehicle
2) By Orbit Type: Low Earth Orbit (LEO), Geosynchronous Transfer Orbit (GTO)
3) By Vehicle Weight: Upto 6,000 lbs, 6,000 to 10,000 lbs, Over 10,000 lbs
4) By Configuration: Single Stage, Multi Stage
5) By Application: Commercial, Defense
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Regional Insights –
North America was the largest region in the reusable launch vehicle market in 2023. North America is expected to be the fastest growing region in the forecast period. The regions covered in the reusable launch vehicle market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the reusable launch vehicle market include LinkSpace Aerospace Technology Group, Blue Origin LLC, National Aeronautics and Space Administration, Indian Space Research Organisation, Space Exploration Technologies Corp., The Boeing Company, United Launch Alliance, European Space Agency, Ariane Group, German Aerospace Center, Relativity Space, Galactic Energy Aerospace Technology, Beijing Interstellar Glory Space Technology Co. Ltd., Payload Aerospace S.L., Bellatrix Aerospace Pvt. Ltd., Lockheed Martin Corporation, Rocket Labs USA Inc., The Spaceship Company, Virgin Galactic Holdings Inc., Sierra Nevada Corporation, Reaction Engines Ltd., Boeing HorizonX Ventures, Firefly Aerospace Inc., Astra Space Inc., Vector Space Systems Inc., Rocket Crafters Inc., Generation Orbit Launch Services, Orbital Sciences Corporation, XCOR Aerospace Inc., Blue Canyon Technologies Inc., Masten Space Systems, Stratolaunch Systems Corp., Interorbital Systems, Exos Aerospace Systems & Technologies Inc., Space Tango Inc., Spaceflight Industries Inc., NanoRacks LLC, Made In Space Inc., Planetary Resources Inc., Bigelow Aerospace LLC
Table of Contents
1. Executive Summary
2. Reusable Launch Vehicle Market Report Structure
3. Reusable Launch Vehicle Market Trends And Strategies
4. Reusable Launch Vehicle Market – Macro Economic Scenario
5. Reusable Launch Vehicle Market Size And Growth
…..
27. Reusable Launch Vehicle Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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