Market Size of Reusable Launch Vehicles Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Reusable Launch Vehicles Market Analysis
The reusable launch vehicles market is anticipated to witness a CAGR of more than 5% during the forecast period.
The impact of the COVID-19 pandemic on the market is low. Although space launches have been delayed due to the pandemic, no major cancellations of space launches have been observed in the last two years. Furthermore, the R&D activities aimed at developing reusable launch vehicles have continued at a brisk pace in several countries across the world.
The demand for satellite networks and commercial and defense application services has increased. This has resulted in a rise in satellite launches for military surveillance, communication, navigation, earth observation, and scientific research, among others. Space agencies and private companies have been trying to reduce the costs of satellite launching systems over the past few years. Many market players have invested in developing reusable launch systems with the recovery of some or all of the component stages.
