Reusable Satellite Launch Vehicle (RSLV) Market Size valued at USD 3.5 Billion in 2022. The Reusable Satellite Launch Vehicle (RSLV) market industry is projected to rise from USD 3.92 Billion in the year 2023 to USD 9.70 Billion by 2032, exhibiting a compound yearly growth rate (CAGR) of 12.00% throughout the forecast period (2023 - 2032). Increased adoption of reusable satellite launch vehicles and growth in the application of small satellite launch vehicles are the major market drivers enhancing the growth of market.
Source The Secondary Research, Primary Research, MRFR Database, and Analyst Review
Growing adoption of reusable satellite launch vehicles is driving the market growth.
Market CAGR for reusable satellite launch vehicles (RSLV) is being driven by the rising adoption of reusable satellite launch vehicles. The development of sea-based launch platforms is expected to raise the reusability of RSLV throughout the forecast period. The growing demand for space applications and satellite constellations will proliferate the growth of the reusable satellite launch vehicle market globally. The surging investment in reusable technology development by the government and private sector boosts the growth of the market.
An Autonomous Spaceport Drone Ship (ASDS) is a barge-derived ocean-going vessel with intact engines and a large landing platform that is autonomously piloted when at a station for landing. The construction of this ship will allow first-stage sea rescue of launch vehicles for missions that don't contain enough fuel to return to the launch site after the spacecraft has entered orbit or interplanetary orbit. Space exploration programs have attained a lot of attention, with the US, Russia, China, India, and others dominating the space launch vehicle industry by offering their space capabilities. The expanding research and development initiatives have boosted the spacecraft market growth. The increasing partnerships among space institutions throughout the world for incorporating technology and making investments are fueling the market for space missions which is expected to boost the reusable launch vehicle market growth.
The surging investment by the government in research & development and start-ups is thought to be a way to address social impacts and also facilitate independence from imports with the aim to become a provider of solutions in different fields, including space. Thus, driving the Reusable Satellite Launch Vehicle (RSLV) market revenue.
Reusable Satellite Launch Vehicle (RSLV) Orbit Type Insights
Reusable Satellite Launch Vehicle (RSLV) market segmentation, based on orbit type, includes Low Earth Orbit, Geosynchronous Transfer Orbit, and Others. The low earth orbit segment dominated the market, accounting for the largest market revenue due to the rising deployment of small satellites and earth observation satellites in orbit, and It is anticipated to be the rapid-growing segment throughout the forecast period. Further, the geosynchronous transfer segment is anticipated to experience drastic growth throughout the forecast period owing to the rise in space exploration programs targeting GTO orbit.
Reusable Satellite Launch Vehicle (RSLV) Payload Insights
Reusable Satellite Launch Vehicle (RSLV) market segmentation, based on payload, includes up to 5,000 Kg, 5,000 to 10,000 Kg, and Over 10,000 Kg. The over 10,000 kg segment dominates the market due to the rising deployment of heavy payload rockets and a larger number of space programs by SpaceX and other agencies; also, the rising investment activities by the major market players are boosting the growth of the market. Further, the up to 5,000 kg segment is anticipated to witness a significant rise owing to the growing deployment of small satellites in low orbit. The 5,000 to 10,000 kg segment is expected to be the rapidly growing segment because of large investments.
Figure 1: Reusable Satellite Launch Vehicle (RSLV) Market, by Payload, 2022 & 2032 (USD Billion)
Source The Secondary Research, Primary Research, MRFR Database, and Analyst Review
Reusable Satellite Launch Vehicle (RSLV) Regional Insights
By region, the study gives market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Reusable Satellite Launch Vehicle (RSLV) market area dominates the market owing to the budget allocation of the government for space exploration activities and growth in several space missions. The US is the largest contributor to the growth of the reusable satellite launch vehicle market in the North American region.
Further, the prime countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, Japan, India, China, Australia, South Korea, and Brazil.
Figure 2: REUSABLE SATELLITE LAUNCH VEHICLE (RSLV) MARKET SHARE BY REGION 2022 (USD Billion)
Source The Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Asia-Pacific Reusable Satellite Launch Vehicle (RSLV) Market accounts for the second-largest market revenue due to the rising space industry, growing economy, growing space industry, and growing adoption of advanced technology in this region. Moreover, China’s Reusable Satellite Launch Vehicle (RSLV) market had the largest market share, and the Indian Reusable Satellite Launch Vehicle (RSLV) market was the fastest-growing market in the Asia-Pacific region.
Europe's Reusable Satellite Launch Vehicle (RSLV) market is expected to grow at the rapid CAGR from 2023 to 2032. This is due to the growing demand for technological advancements and growth in the European Space Agency. Further, the German Reusable Satellite Launch Vehicle (RSLV) market held the largest market revenue, and the UK Reusable Satellite Launch Vehicle (RSLV) market was the fastest-growing market in the European region.
Leading market participants are investing heavily in research and development in order to expand their product lines, which will help the Reusable Satellite Launch Vehicle (RSLV) market grow even more. Market participants are also undertaking various strategic activities to spread their footprint, with important market developments including new product launches, mergers and acquisitions, higher investments, contractual agreements, and collaboration with other organizations. To spread and survive in a more competitive and rising market climate, the Reusable Satellite Launch Vehicle (RSLV) industry must offer cost-effective items.
Manufacturing locally to minimize the operational costs is one of the key business tactics utilized by manufacturers in the Reusable Satellite Launch Vehicle (RSLV) industry to benefit the clients and increase the market sector. In recent years, the Reusable Satellite Launch Vehicle (RSLV) industry has offered some of the most significant advantages to the space industry. Major players in the Reusable Satellite Launch Vehicle (RSLV) market, including Accurus Aerospace Wichita LLC, India Space Research Organization (ISRO), Sener Aero special, Blue Origin LLC, Lockheed Martin Corporation, National Aeronautics and Space Administration (NASA), Space Exploration Technologies Corp. (SpaceX), Italian Space Agency, India Space Research Organization, European Space Agency and others, are trying to increase market demand by investing in the research and development operations.
Accurus Aerospace Wichita LLC is one of the leading aerospace manufacturing facilities situated in Witchita, Kansas, which is the air capital of the world. A broad range of fabrication and machining capabilities, offering versatility to be the one-step company for all their manufacturing needs. The company is the leading Tier II provider of metallic parts, kits, and assemblies and the processing services to the aerospace and defense industry globally. In October 2021, the company, and other companies, namely, CE Machine Company Inc, Harlow Aerostructures LLC, and Orizon Aerostructures LLC, all based in the Greater Wichita area, signed a multi-year contract with Blue Origin. Engine development of Blue Origin and the development of a New Glenn, a reusable heavy-lift orbital launch fabricated to accommodate commercial, national security space missions, and civil, will be supported as per this contract between all the companies and Blue Origin.
Orbex or Orbital Express Launch Ltd, founded in the year 2015, is a United Kingdom-based aerospace company that develops a small commercial orbital rocket called Prime. The company is headquartered in Forres, Moray, in Scotland, and has subsidiaries in Denmark and Germany. The future launch complex, Sutherland Spaceport, of the company is being manufactured on the A' Mhoine peninsula in the country of Sutherland, northern Scotland. In May 2022, this UK-based company launched an eco-friendly rocket prototype for small satellites. The reusable Prime Rocket is the very first micro launcher developed in Europe. The company declared that it is preparing for the maiden flight of a rocket in a few months.
For Instance, January 2023 56 Starlink satellites were launched by Falcon 9 of SpaceX to low-Earth orbit, at the Cape Canaveral Space Force Stations, from Space Launch Complex 40, Florida, being the ninth launch and landing for this Falcon 9 first-stage booster.
For Instance, January 2022 The India Space Research Organization (ISRO) informed that it is working on a technology that will allow a GSLV MK-III rocket to land vertically and recover the first and second stages. This will eventually help the space agency to reutilize GSLV MK-III, thus saving money.
For Instance, May 2021 A contract was signed by Sener Aero special with Thales Alenia Space Italia for the development of a reusable unmanned orbital spacecraft, which is the continuation of the Intermediate Experimental Vehicles (IXV)
Reusable Satellite Launch Vehicle (RSLV) Orbit Type Outlook
Reusable Satellite Launch Vehicle (RSLV) Payload Outlook
Reusable Satellite Launch Vehicle (RSLV) Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 3.5 Billion |
| Market Size 2023 | USD 3.92 Billion |
| Market Size 2032 | USD 9.70 Billion |
| Compound Annual Growth Rate (CAGR) | 12.00% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, The Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Orbit Type, Payload, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, Japan, India, China, Australia, South Korea, and Brazil |
| Key Companies Profiled | Accurus Aerospace Wichita LLC, India Space Research Organization (ISRO), Sener Aerospecial, Blue Origin LLC, Lockheed Martin Corporation, National Aeronautics and Space Administration (NASA), Space Exploration Technologies Corp. (SpaceX), Italian Space Agency, India Space Research Organization, European Space Agency |
| Key Market Opportunities | Growing outsourcing of manufacturing activities. |
| Key Market Dynamics | Increased adoption of reusable satellite launch vehicles. |
Frequently Asked Questions (FAQ) :
Reusable Satellite Launch Vehicle (RSLV) market size valued at the USD 3.5 Billion in the year 2022.
The market is foreseen to rise at a CAGR of 12.00% throughout the forecast period, 2023-2032.
North America had the largest share of the market.
The key players in the market are Accurus Aerospace Wichita LLC, India Space Research Organization (ISRO), Sener Aerospecial, Blue Origin LLC, Lockheed Martin Corporation, National Aeronautics and the Space Administration (NASA), Space Exploration Technologies Corp. (SpaceX), Italian Space Agency, India Space Research Organization, and European Space Agency.
The Low Earth Orbit category dominated the market in 2022.
Over 10,000 Kg had the largest share in the market.
Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
