Exploring the Reusable Launch Vehicle Market Size, Trends & Growth Outlook to 2032
The reusable launch vehicle market size was valued at USD 6.37 billion in 2024 and is expected to be worth USD 8.44 billion in 2025. The market is projected to reach USD 25.92 billion by 2032, recording a CAGR of 17.4% during the forecast period.
A Reusable Launch Vehicle (RLV) is a space launch vehicle that allows either the complete or partial recovery of rocket stages after launching a satellite into orbit. The main reason for launching RLVs is to decrease the overall expenses involved in single-stage and multi-stage satellite launches by retaining the critical components and systems that were previously used in the vehicles to launch satellites. This cost-effectiveness will also help smaller players in the space industry gain an easier access to space, which will ultimately fuel the market’s growth.
Fortune Business Insights™ displays this information in a report titled, "Reusable Launch Vehicle Market Size, Share and Forecast 2024-2032."
LIST OF KEY COMPANIES PROFILED IN THE REPORT
Space Exploration Technologies Corp. (SpacX) (U.S.)
Blue Origin Enterprises, L.P. (U.S.)
ISRO (India)
European Space Agency (France)
Rocket Lab (U.S.)
ArianeGroup (France)
The National Aeronautics and Space Administration NASA (U.S.)
Lockheed Martin Corporation (U.S.)
United Launch Alliance, LLC (U.S.)
The Boeing Company (U.S.)
Information Source:
https://www.fortunebusinessinsights.com/reusable-launch-vehicle-market-106803
Segmentation:
Fully Reusable Vehicles to Gain Major Traction Owing to Rising Demand for Affordable Access to Space
Based on type, the market is segmented into partially reusable and fully reusable. The fully reusable segment is predicted to record the fastest CAGR during the forecast period as there is a high demand among market players to gain cost-effective access to space. These launch vehicles can help decrease the costs related to space launches by enabling the use of same components multiple times.
Demand for Up to 1,000 Kg Launch Vehicles Increased With Rising Use in Several Fields
Based on vehicle capacity, the market is divided into up to 1,000 kg, 1,000 kg to 3,000 kg, and above 3,000 kg. The up to 1,000 kg segment is predicted to register the highest CAGR in the coming years as satellite launch vehicles in this weight category are being extensively used in several areas, such as telecommunications, Earth observation, and IoT.
Growth of Satellite Constellations to Catalyze Adoption of RLVs in Commercial Applications