PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550616
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550616
Reusable Launch Vehicle Market, By Reusability Level, By Payload Capacity, By Application,By Geography
Global reusable launch vehicle market is estimated to be valued at US$ 4.26 Bn in 2024 and is expected to reach US$ 9.32 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 4.26 Bn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
| Forecast Period 2024 to 2031 CAGR: | 11.80% | 2031 Value Projection: | US$ 9.32 Bn |
Reusable launch vehicle refers to rocket-launch systems that are capable of being launched multiple times into space, instead of being disposed of after one use. This reduces the cost of spaceflights substantially. Growing private sector investment in space exploration along with increasing satellite launches by commercial companies can boost demand for reusable launch vehicles. Several companies such as SpaceX, Blue Origin and Rocket Lab are developing innovative reusable rockets that can ferry payloads as well as humans to low earth orbit and beyond. With continuous technological advancements, reusable rockets are expected to revolutionize the space industry and make space more accessible in the future.
Market Dynamics:
Global reusable launch vehicle market growth is driven by growing demand for low-cost satellite launches from commercial companies. Reusable rockets can significantly reduce the costs associated with each launch by recovering and reusing primer stages. Rising investments by private space entities such as SpaceX, Blue Origin, Virgin Galactic, and others in developing affordable space technologies can also drive the market growth. Moreover, increasing governmental support for public-private partnerships for space exploration projects works can offer market growth opportunity. However, high research & development costs associated with reusable launch vehicles poses a challenge for market growth. Stringent regulatory guidelines related to space tourism and transportation can also hamper the market growth.
Key features of the study:
This report provides in-depth analysis of the global reusable launch vehicle market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global reusable launch vehicle market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include ArianeGroup, Blue Origin LLC, China Academy of Launch Vehicle Technology Limited, Indian Space Research Organisation (ISRO), Lockheed Martin Corporation, Master Space, NASA (National Aeronautics and Space Administration), Northrop Grumman Corporation, Rocket Lab USA, Space Exploration Technologies Corp. (SpaceX), The Boeing Company, The Spaceship Company, United Launch Alliance LLC (ULA), Virgin Galactic, Zodiac Aerospace
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global reusable launch vehicle market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global reusable launch vehicle market.
Detailed Segmentation-
- By Reusability Level
- Partially Reusable Vehicles
- Fully Reusable Vehicles
- Single-Stage-to-Orbit Vehicles
- By Payload Capacity
- Medium-Lift Vehicles (5,000 - 20,000 kg)
- Small-Lift Vehicles (< 5,000 kg)
- Heavy-Lift Vehicles (>20,000 kg)
- By Application
- Commercial Satellite Launch
- Government/Military Missions
- Space Tourism and Research
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Key Players Insights
- ArianeGroup
- Blue Origin LLC
- China Academy of Launch Vehicle Technology Limited
- Indian Space Research Organisation (ISRO)
- Lockheed Martin Corporation
- Master Space
- NASA (National Aeronautics and Space Administration)
- Northrop Grumman Corporation
- Rocket Lab USA
- Space Exploration Technologies Corp. (SpaceX)
- The Boeing Company
- The Spaceship Company
- United Launch Alliance LLC (ULA)
- Virgin Galactic
- Zodiac Aerospace
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Reusable Launch Vehicle Market, By Reusability Level
- Global Reusable Launch Vehicle Market, By Payload Capacity
- Global Reusable Launch Vehicle Market, By Application
- Global Reusable Launch Vehicle Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Reusable Launch Vehicle Market, By Reusability Level, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Partially Reusable Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Fully Reusable Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Single-Stage-to-Orbit Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
5. Global Reusable Launch Vehicle Market, By Payload Capacity, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
- Medium-Lift Vehicles (5,000 - 20,000 kg)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Small-Lift Vehicles (< 5,000 kg)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Heavy-Lift Vehicles (>20,000 kg)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
6. Global Reusable Launch Vehicle Market, By Application, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Commercial Satellite Launch
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Government/Military Missions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Space Tourism and Research
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
7. Global Reusable Launch Vehicle Market, By Region, 2019 - 2031, (US$ Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, (US$ Bn)
- Market Y-o-Y Growth Analysis (%), 2020- 2031, (US$ Bn)
- Regional Trends
- North America
- Introduction
- U.S.
- Canada
- Latin America
- Introduction
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- South Africa
- North Africa
- Central Africa
8. Competitive Landscape
- ArianeGroup
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Blue Origin LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- China Academy of Launch Vehicle Technology Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Indian Space Research Organisation (ISRO)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Lockheed Martin Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Master Space
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- NASA (National Aeronautics and Space Administration)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Northrop Grumman Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Rocket Lab USA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Space Exploration Technologies Corp. (SpaceX)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- The Boeing Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- The Spaceship Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- United Launch Alliance LLC (ULA)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Virgin Galactic
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Zodiac Aerospace
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us
