The Global Reusable Launch Vehicle Market Size is predicted to hit USD 4.9 Billion by 2030 and exhibit a CAGR of 11.71% during the forecast period. The market size stood at USD 2.39 Billion in 2021 and USD 2.89 Billion in 2022. Reusable Launch Vehicle refers to a spacecraft that can carry out many space missions. It uses an expendable rocket to help it launch vertically, and it then descends    like an aeroplane. Small wings on the RSLV allow it to change the direction of the moving vehicle during landing. An RSLV's key benefit is that it requires little upkeep and repair and may be used repeatedly.
 

The report aims to provide an overview of the global Reusable Launch Vehicle market with detailed market segmentation by type, orbit type, vehicle weight, and region. The global RSLV market is expected to witness significant growth during the forecast period.
 

The COVID 19 pandemic has immensely changed the condition of the market. The pandemic’s impact has affected each and every player involved the industry. Not only this but also the pandemic has badly affected the small and medium sized enterprises owing to the disruption in the supply chain as well as the financial market.
 

In addition, COVID 19 has caused severe impact on the satellite industry which has led to the suspension or delay of the Reusable Launch Vehicles. The key market players involved in this industry are ISRO, SpaceX, and other space research organizations which have redeveloped production as well as delivery functionalities of launch vehicles. However, the companies are following all the safety norms to protect their employees from COVID 19.
 

Space exploration programs have gained lots of attention and developed countries have dominated the global market by launching their interstellar capacities. Apart from this, the rising space, research and development programs have bolstered the global Reusable Launch Vehicle market’s expansion. Moreover, the increasing partnerships among international space institutions for the integration of investment and technology boost the market for space mission, which increases the product demand. Thus, increasing space exploration missions can be attributed to increasing government expenses and space budget.
 

On the other hand, increase in carbon emissions owing to space launch to affect the Reusable Launch Vehicle market growth. When a space vehicle is launched, it creates a cloud of exhaust in its path which created pollution in the environment.
 

SEGMENTATION

The global Reusable Launch Vehicle market is segmented into type, vehicle type, orbit type, vehicle weight, and region.
 

Global Reusable Launch Vehicle Market, By Type

On the basis of type, the global Reusable Launch Vehicle market is segmented into partially reusable launch vehicle and full reusable launch vehicle. The partially reusable segment holds the highest market share owing to the increasing demand for the partially reusable vehicle launch having high strength to weigh ratio with great payload carrying capacities that is generally used in satellite vehicle operations.
 

Global Reusable Launch Vehicle Market, By Orbit Type

Based on orbit type, the global Reusable Launch Vehicle market is segmented into Geosynchronous Transfer Orbit (GTO) and Low Earth Orbit (LEO). The LEO segment holds the largest market share due to the rise the deployment of small satellites and earth observation satellites in orbit. This segment is going to hold its dominance over the forecast period.
 

Global Reusable Launch Vehicle Market, By Vehicle Weight

By vehicle weight, the global Reusable Launch Vehicle market is bifurcated into upto 6,000 lbs, 6,000 to 10,000 lbs, and over 10,000 lbs.  The upto 6,000 lbs segment is dominating the market owing to the rise in the number of small satellites in the LEO. Small satellites are used as navigation satellites (GPS), earth observation satellites, and telecommunication satellites in low earth orbit.
 

Global Reusable Launch Vehicle Market, By Region

The global Reusable Launch Vehicle market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, South America, and Rest of the World.
 

North America is anticipated to hold the dominance owing to the government’s budget allotment for space exploration activities as well as a surge in several space missions. Asia Pacific, on the other hand, is anticipated to exhibit significant development over the forecast period due to the growing demand for space exploration and launch capabilities, the growing economy, and the rise in space programs  announced by India, China, South Korea, and others.
 

TABLE 2: GLOBAL REUSABLE LAUNCH VEHICLES MARKET OVERVIEW

Recent Developments in the Global Reusable Launch Vehicle Market

• April 2022: SpaceX is developing the Starship, a 100-ton heavy-lift rocket that will take people and cargo to the moon and Mars in the future.
• January 2022: With a reusable miniature rocket, ArianeGroup showcased its new Rocket family. A new European rocket family with a reusable first stage and a new tiny launcher named Maia is being developed, according to the company's announcement.

What Does This Report Provide? 

This report provides a detailed understanding of the global Reusable Launch Vehicle market from qualitative and quantitative perspectives during the forecast period. The study also offers a detailed analysis of the top market players as well as dynamic factors with potential market effect over the course of the projection period. The major market drivers, challenges, and opportunities for the global Reusable Launch Vehicle market have been covered in the report. Along with their production capabilities and growth strategies, this study also provides the market shares of the top firms active on the global market.
 

Market Segmentation:

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 Region:

North America

• North America, by Country
  • U.S.
  • Canada
  • Mexico
• North America, by Type
• North America, by Orbit Type
• North America, by Vehicle Weight

Europe

• Europe, by Country
  • Germany
  • Russia
  • U.K.
  • France
  • Italy
  • Spain
  • The Netherlands
  • Rest of Europe 
• Europe, by Type
• Europe, by Orbit Type
• Europe, by Vehicle Weight

Asia Pacific

• Asia Pacific, by Country
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Rest of Asia Pacific 
• Asia Pacific, by Type
• Asia Pacific, by Orbit Type
• Asia Pacific, by Vehicle Weight

Middle East & Africa

• Middle East & Africa, by Country 
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa
• Middle East & Africa, by Type
• Middle East & Africa, by Orbit Type
• Middle East & Africa, by Vehicle Weight

South America

• South America, by Country 
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• South America, by Type
• South America, by Orbit Type
• South America, by Vehicle Weight

Major Companies: In this report, the major companies studied are: ArianeGroup (France), Lockheed Martin Corporation (U.S.), National Aeronautics and Space Administration (NASA) (U.S.), Rocket Labs USA (U.S.), The Boeing Company (U.S.), The Spaceship Company (U.S.), Indian Space Research Organization (India), Italian Space Agency (Italy), Israel Space Agency (Israel)
 

Objectives of this Report:

• To estimate the market size for the Reusable Launch Vehicle market on a regional and global basis.
• To identify major segments in the Reusable Launch Vehicle market and evaluate their market shares and demand.
• To provide a competitive scenario for the market with major developments observed by the key companies in the historic years.
• To evaluate the key factors governing the dynamics of the Reusable Launch Vehicle market with their potential gravity during the forecast period.
• To evaluate the leading company-wise pricing analysis for the mentioned applications.

List of Key Market Players-

• ArianeGroup (France)
• Blue Origin LLC (U.S.)
• Lockheed Martin Corporation (U.S.)
• National Aeronautics and Space Administration (NASA) (U.S.)
• Rocket Labs USA (U.S.)
• Space Exploration Technologies Corp. (SpaceX) (U.S.)
• The Boeing Company (U.S.)
• The Spaceship Company (U.S.)
• United Launch Alliance (ULA) (U. S.)
• European Space Agency (France)
• Indian Space Research Organisation (India)
• Israel Space Agency (Israel)
• Italian Space Agency (Italy)