Home > Aerospace & Defense > Reusable Launch Vehicles Market

Reusable Launch Vehicles Market Share

  • Report ID: GMI9961
  • Published Date: Jun 2024
  • Report Format: PDF

Reusable Launch Vehicles Market Share

SpaceX, and Blue Origin hold a significant share of 60% in the reusable launch vehicles industry. SpaceX has revolutionized the space industry with its innovative approach to reusability. The company's Falcon 9 and Falcon Heavy rockets feature partially reusable stages that can land and be refurbished for multiple flights, drastically reducing launch costs and increasing the frequency of launches. SpaceX's successful missions, including commercial satellite deployments, International Space Station resupply, and crewed spaceflights, demonstrate the reliability and efficiency of its reusable rockets. Blue Origin is driven by its commitment to sustainable space travel and innovation in reusable technology. The New Shepard suborbital rocket and the upcoming New Glenn orbital rocket are designed for multiple reuses, making space travel more environmentally friendly and economically viable. Blue Origin's significant investments and focus on developing advanced reusable systems have resulted in successful suborbital tourism and research missions with New Shepard, while the larger New Glenn aims to compete in the orbital launch market.
 

Reusable Launch Vehicles Market Companies

Major players operating in the reusable launch vehicles industry are:

  • SpaceX
  • Blue Origin   
  • ISRO (Indian Space Research Organization)
  • China Aerospace Science and Technology Corporation (CASC)
  • Virgin Galactic
  • Lockheed Martin      
Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for reusable launch vehicles was valued at over USD 8.9 Billion in 2023 and is estimated to witness over 10% CAGR between 2024 and 2032, owing to significant cost reductions.

Fully reusable launch vehicles industry is expected to reach over USD 10 billion by 2032, as it significantly reduces operational costs compared to its partially reusable counterparts.

North America market held over 25% share in 2023 and will grow rapidly through 2032, owing to the presence of innovative commercial aerospace companies.

SpaceX, Blue Origin, ISRO (Indian Space Research Organization), China Aerospace Science and Technology Corporation (CASC), Virgin Galactic, and Lockheed Martin among others.

Reusable Launch Vehicles Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 390
  • Countries covered: 21
  • Pages: 220
 Download Free Sample