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NEW YORK, May 19, 2022 /PRNewswire/ — The Reusable Launch Vehicles Market size is expected to increase by USD 959.44 million from 2021 to 2026 with an accelerated CAGR of 11.44%, according to the recent market study by Technavio. The market growth will be driven by factors such as the adoption of deep space habitat concepts.
Segmentation by Type (In-Scope/Out-of-Scope)
- In-Scope:
- Partially reusable launch vehicle:
The market vendors should focus on grabbing business opportunities from the Partially reusable launch vehicle segment under the type category, as it accounted for the largest market share growth in the base year. There is an increased focus on the development and assembly of reusable launch vehicles due to the growing need for satellite operators to reduce launch costs.
- Out-of-Scope:
- Fully reusable launch vehicle
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Highlights-
- Segmentation- The report extensively covers market segmentation by type (partially reusable launch vehicle and fully reusable launch vehicle) and geography (North America, EuropeAPAC, South Americaand Middle East and Africa)
- Key Companies- 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.
- Driver- Adoption of deep space habitat concepts
- Challenge– High costs of development
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Vendor Insights-
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. The key offerings of some of the vendors are listed below:
- Airbus SE – The company offers Themis, powered by the Prometheus engine, that will enable Europe to develop technologies for future low-cost reusable launchers.
- China Aerospace Science and Technology Corp. – The company offers reusable first stage that can perform engine deceleration during the re-entry, and control itself and decelerate by pneumatic rudders.
- exos Aerospace Systems and Technologies Inc. – The company offers resuable launch vehicles such as Space Shuttle.
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Learn More about Key Drivers & Challenges of the Market-
- Reusable Launch Vehicles Market Driver:
- Adoption of deep space habitat concepts:
The studies on deep space habitation concept studies are expected to positively affect the advances in low Earth orbit commercial technologies. For instance, NASA has been moving toward the development of long-duration space habitats.
- Reusable Launch Vehicles Market Challenge:
- High costs of development:
The development and manufacturing of each satellite have their set of challenges, as each satellite must withstand exposure to the space environment and launch events. One of the other major challenges is the prohibitive cost.
Find additional information about various other market Drivers & Challenges mentioned in our sample report.
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Reusable Launch Vehicles Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 11.44% |
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Market growth 2022-2026 |
USD 959.44 million |
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Market structure |
Fragmented |
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YoY growth (%) |
9.29 |
