Reusable Launch Vehicles Market by Type and Geography - Forecast and Analysis 2022-2026

The reusable launch vehicles market size is expected to be valued at USD 959.44 million from 2021 to 2026 and the market's growth momentum will accelerate at a CAGR of 11.44%. The reusable launch vehicles market report also offers information on several market vendors, including Airbus SE, Beijing Interstellar Glory Space Technology Co. Ltd., Blue Origin Enterprises LP, China Aerospace Science and Technology Corp., European Space Agency, exos Aerospace Systems and Technologies Inc., Firefly Aerospace Inc., Indian Space Research Organisation, Masten Space Systems, NASA, Orbex, Payload Aerospace SL, Relativity Space Inc., Rocket Lab USA Inc., Space Exploration Technologies Corp., The Boeing Co., and UP Aerospace Inc. among others. Furthremore, this reusable launch vehicles market extensively covers reusable launch vehicles market segmentation by:

• Type - Partially reusable launch vehicle and Fully reusable launch vehicle
• Geography - North America, Europe, APAC, South America, and Middle East and Africa

What will the Reusable Launch Vehicles Market Size be During the Forecast Period?

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Reusable Launch Vehicles Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The adoption of deep space habitat concepts is notably driving the reusable launch vehicles market growth, although factors such as the high costs of development may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the reusable launch vehicles industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Reusable Launch Vehicles Market Driver

One of the key factors driving growth in the reusable launch vehicles market is the adoption of deep space habitat concepts. Deep space habitation concept studies are expected to positively affect the advances in low Earth orbit commercial technologies by aiding the development of astronaut habitation capability in the area near the moon. This area will act as a proving ground for Mars during the forecast period. NASA has been moving to the next level of human spaceflight with the development of long-duration space habitats, where human beings will live and work independently with the help of cargo supplies from Earth.

Key Reusable Launch Vehicles Market Trend

The design and deployment of reusable upper stages is a reusable launch vehicles market trend that is expected to have a positive impact in the coming years. The reusability of launch vehicles has gradually evolved from the traditional approach of bringing the shuttle back to having a platform that stays in orbit and is reusable. United Launch Alliance, a joint venture between Boeing and Lockheed Martin, developed the Advanced Cryogenic Evolved Stage, which can be represented as a reusable system for launching satellites. The system features special insulation for more effective fuel storage in space and a simplified electrical system. This enables weight reduction and re-starting and refueling capabilities in space. Around two-thirds of the energy is already exhausted to reach the low Earth orbit. Thus, only a third of the energy travels to any other part of the solar system. If an upper stage remains in the LEO, it can reach the spacecraft and take it to its destination. If a fleet of these reusable upper stages is maintained in space, it would be practical to develop infrastructure in space to support applications such as microgravity manufacturing and commercial habitats.

Key Reusable Launch Vehicles Market Challenge

The high costs of development will be a major challenge for the reusable launch vehicles market during the forecast period. Although reusable launch vehicles help in reducing the manufacturing time and saving costs in the development of a new vehicle for every satellite launch, these vehicles have high initial costs of design and development. The concept of such vehicles is approximately four decades old, and several countries have experimented with the usage of such vehicles. Only NASA has put the vehicle into practical use in the space shuttle program (1981-2011). The cost advantages of a reusable launch vehicle only become evident after several launches of satellite systems as the development cost of such vehicles is much more than the manufacturing cost of conventional launch vehicles.

This reusable launch vehicles market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global reusable launch vehicles market as a part of the global aerospace and defense market within the global capital goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the reusable launch vehicles market during the forecast period.

Who are the Major Reusable Launch Vehicles Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Airbus SE
• Beijing Interstellar Glory Space Technology Co. Ltd.
• Blue Origin Enterprises LP
• China Aerospace Science and Technology Corp.
• European Space Agency
• exos Aerospace Systems and Technologies Inc.
• Firefly Aerospace Inc.
• Indian Space Research Organisation
• Masten Space Systems
• NASA
• Orbex
• Payload Aerospace SL
• Relativity Space Inc.
• Rocket Lab USA Inc.
• Space Exploration Technologies Corp.
• The Boeing Co.
• UP Aerospace Inc.

 

This statistical study of the reusable launch vehicles market encompasses successful business strategies deployed by the key vendors. The reusable launch vehicles market is fragmented and the vendors are deploying growth strategies such as providing advanced and high-quality reusable launch vehicles to compete in the market.

Product Insights and News

• spacex.com - The company offers Falcon 9 that is a reusable, two-stage rocket designed and manufactured by SpaceX for the reliable and safe transport of people and payloads into Earth orbit and beyond.

• spacex.com - Under the unified segment, company manufactures rockets and offers space transportation services.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The reusable launch vehicles market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Reusable Launch Vehicles Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the reusable launch vehicles market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Reusable Launch Vehicles Market?

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45% of the market's growth will originate from North America during the forecast period. The US is the key market for reusable launch vehicles in North America. Market growth in this region will be faster than the growth of the market in the South American and MEA regions.

The US, Canada, and Mexico are the major markets for space-based programs. These countries have advanced infrastructures and are involved in various space programs. This will facilitate the reusable launch vehicles market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic has had a significant impact on the market in focus due to lockdown and social distancing norms imposed in the region. Governments and private companies operating in the aerospace industry were compelled to make various decisions to cope with the prevailing uncertain situation caused due to COVID-19 in North America.

What are the Revenue-generating Type Segments in the Reusable Launch Vehicles Market?

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The reusable launch vehicles market share growth by the partially reusable launch vehicle segment will be significant during the forecast period. Since reusable launch vehicle technology is a niche market, it can be expected that the manufacturers of such vehicles would focus on the usage of more than 50% of a previously used launch vehicle during the forecast period. Due to the growing need for satellite operators to reduce the launch costs, there is an increased focus on the development and assembly of reusable launch vehicles, in which a bare minimum of 50% of the parts can be reused efficiently. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the reusable launch vehicles market size and actionable market insights on post COVID-19 impact on each segment.

 

Reusable Launch Vehicles Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 11.44%
Market growth 2022-2026	$ 959.44 million
Market structure	Fragmented
YoY growth (%)	9.29
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 45%
Key consumer countries	US, China, India, France, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Airbus SE, Beijing Interstellar Glory Space Technology Co. Ltd., Blue Origin Enterprises LP, China Aerospace Science and Technology Corp., European Space Agency, exos Aerospace Systems and Technologies Inc., Firefly Aerospace Inc., Indian Space Research Organisation, Masten Space Systems, NASA, Orbex, Payload Aerospace SL, Relativity Space Inc., Rocket Lab USA Inc., Space Exploration Technologies Corp., The Boeing Co., and UP Aerospace Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Reusable Launch Vehicles Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive reusable launch vehicles market growth during the next five years
• Precise estimation of the reusable launch vehicles market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the reusable launch vehicles industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of reusable launch vehicles market vendors

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