OREGAON, PORTLAND, UNITED STATES, August 7, 2023/EINPresswire.com/ — According to a new report published by Allied Market Research, titled, โReusable Launch Vehicle Market,” The reusable launch vehicle market is expected to be valued at $1.38 billion in 2025, and is projected to reach $3.56 billion by 2035, growing at a CAGR of 10.3% from 2026 to 2035.
In 2025, North America is expected to dominate the market, in terms of revenue, followed by Asia-Pacific, Europe, and LAMEA. The global reusable launch vehicle market is projected to expand due to increased innovation, and reduced launch costs and the development of automation technologies during the forecast period. Space launch costs have been reduced by the advancement in rocket technology such as the development of reusable rocket. For instance, in April 2021, SpaceX successfully launched humans into space aboard a reused Falcon 9 rocket. The mission also involved reuse of Dragon spacecraft. Development of reusable rocket technologies has increased the affordability of launch services, which further increases the adoption of carrier rockets across the world.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/11035
There are prominent key factors that drive growth of the reusable launch vehicle market, such as rise in space exploration missions from private sector, and increase in government investment in space exploration activities. Moreover, rise in need for launch services from developing countries is also responsible for growth of the market. In addition, rise in the defense budget has enabled governments of various countries to enter into agreements with space launch vehicles manufacturers to deploy government defense payloads such as spy satellites into the space provide an opportunity for the market.
The reusable launch vehicle market size is segmented basis of vehicle weight, reusable type, configuration, application, type, landing system and region. By vehicle weight, it is divided into Up to 4000 lbs, 4000 to 9000 lbs, and over 9000 lbs. By reusable type, it is segmented into partially reusable, and fully reusable. By configuration, it is divided into single stage, and multi stage. By application, the market is divided into commercial, and defense. By type, it is divided into orbital, and sub orbital. By application, the market is divided into braking, horizontal, vertical, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/reusable-launch-vehicle-market/purchase-options
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐ :
By vehicle weight, the up to 4000 lbs segment is expected to register a significant growth during the forecast period.
By reusable type, the fully reusable segment is expected to register a significant growth during the forecast period.
By configuration, the single stage segment is expected to register a significant growth during the forecast period.
By application, the defense segment is projected to lead the global reusable launch vehicle market during the forecast period.
By type, the sub orbital segment is projected to lead the global reusable launch vehicle market during the forecast period.
By landing system, the braking segment is projected to lead the global reusable launch vehicle market during the forecast period.
Region-wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/11035
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Ariane Group
Blue Origin
China Academy of Launch Vehicle Technology
European Space Agency
Galactic Energy
ISRO
I-space (Beijing Interstellar Glory Space Technology Co., Ltd.
LinkSpace Aerospace Technology, Group
National Aeronautics and Space Administration (NASA)
NPO-Energia (S.P. Korolev Rocket and Space Public Corporation)
Orbex
PLD Space
Relativity Space
Rocket Lab USA, Inc.
State Space Corporation
ROSCOSMOS
SpaceX
United Launch Alliance, LLC
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ :
Space Launch Services Market- https://www.alliedmarketresearch.com/space-launch-services-market
Expendable Launch Vehicle Market- https://www.alliedmarketresearch.com/expendable-launch-vehicle-market-A10658
Spacecraft Market- https://www.alliedmarketresearch.com/spacecraft-market-A10721
Spaceplane Market- https://www.alliedmarketresearch.com/spaceplane-market-A10722
David Correa
Allied Analytics LLP
1 800-792-5285
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Originally published at https://www.einpresswire.com/article/648637775/redefining-space-travel-reusable-launch-vehicle-market-insights-forecast-2025-2035