Reusable Satellite Launch Vehicle (RSLV) Market 2019 Global Industry Size, Share, Business Growth, Applications, Competitive Landscape, Historical Analysis and Forecast 2025

Reusable Satellite Launch Vehicle (RSLV) Market 2019 Global Industry Size, Share, Business Growth, Applications, Competitive Landscape, Historical Analysis and Forecast 2025

“Reusable Satellite Launch Vehicle (RSLV) Market”
Reusable Satellite Launch Vehicle (RSLV) Market Research Report: Information by Configuration (Single Stage and Multiple Stage), Type (Partially Reusable and Fully Reusable), Vehicle Weight (Up to 4,000lbs, 4000-9000lbs, and Over 9000lbs), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)—Forecast till 2025 by MRFR with latest industry analysis

Satellite launch vehicle makes up for a significant portion of the overall cost of space mission; thus, reusing them can relieve a lot of the budgetary stress. Reusable satellite launch vehicles have gained traction in recent years as satellite companies are endeavoring to reduce satellite launch costs. Market Research Future (MRFR) has recently published its new report on the global reusable satellite launch vehicle (RSLV) market and has deemed the growth of the market to be impressive at a CAGR of 12% over the forecast period of 2018-2025.

Conventional launch vehicle such as PSLV and GSLV can be used only once as they burn out on re-entering the atmosphere. Space operations have become more frequent in recent years, especially in emerging economies such as India and China. These emerging economies are increasingly deploying RSLVs to achieve low cost, reliability, and on-demand space access. RSLVs help economize time and cost. With space agencies aiming to curtail the cost of space missions, higher demand is induced within the reusable satellite launch vehicle market.

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As numerous countries are expanding their space exploration budgets, the RSLV market is poised for a prosperous future. Moreover, rise in the number of space debris due to accelerated space-related activities has also supported the use of RSLVs to alleviate the problem which is likely to trigger the growth of the market over the forecast period.

On the downside, RSLVs require heavy maintenance and extensive refurbishing for proper functioning, which are restraining factors to the growth of the market.

Competitive Landscape

Airbus S.A.S (Netherlands), Bellatrix Aerospace Private Limited (India), Boeing (U.S.), Sierra Nevada Corporation (U.S.), Lockheed Martin Corporation (U.S.), Virgin Galactic (U.S.), Bigelow Aerospace (U.S.), Masten Space Systems (U.S.), and Space Exploration Technologies Corp. (U.S.) are the key players in the global reusable satellite launch vehicle market.

Segmentation

The global reusable satellite launch vehicle market has been segmented based on configuration, type, and vehicle weight.

By configuration, the reusable satellite launch vehicle market has been segmented into multiple stage and single stage.

By vehicle weight, the reusable satellite launch vehicle market has been segmented into up to 4,000lbs, 4,000-9,000lbs, and over 9,000lbs.

By type, the reusable satellite launch vehicle market has been segmented into fully usable and partially reusable.

Regional Analysis

Region-wise, the reusable satellite launch vehicle market has been segmented into the Americas, the Middle East & Africa (MEA), Latin America, Europe, and Asia Pacific (APAC).

The global reusable satellite launch vehicle market is being dominated by North America. Major space centers in the US such as NASA and SpaceX have directed their focus on multiple satellite launches to cater to the growing demand for satellites. Moreover, developed economies such as the US, Canada, and Mexico have sophisticated infrastructure which helps them progress with various space-based programs which have become a key area of focus in the region.

The APAC reusable satellite launch vehicle market is expected to expand at a torrid pace. The satellite and aerospace sector has undergone a tremendous transformation over the past few years, which has affected the market on a positive note. Increasing defense budgets in the emerging economies of the region have also boosted the market growth.

In Europe, France, Russia, Germany, and the UK are actively engaged in the development of RSLV and have made substantial investments in the same which is anticipated to drive the market over the forecast period. 

Industry Updates

June 2019 – the development of reusable space transport system is underway which is being carried out by the European Space Agency. Space RIDER (Reusable Integrated Demonstrator for Europe Return), the reusable spacecraft will be ready for launch by 2022. Space rider will be equipped with high-tech capabilities that will allow access to space and can stay in orbit for up to two months.

Segmentation

The global reusable satellite launch vehicle market has been segmented based on configuration, type, and vehicle weight.

By configuration, the reusable satellite launch vehicle market has been segmented into multiple stage and single stage.

By vehicle weight, the reusable satellite launch vehicle market has been segmented into up to 4,000lbs, 4,000-9,000lbs, and over 9,000lbs.

By type, the reusable satellite launch vehicle market has been segmented into fully usable and partially reusable.

Regional Analysis

Region-wise, the reusable satellite launch vehicle market has been segmented into the Americas, the Middle East & Africa (MEA), Latin America, Europe, and Asia Pacific (APAC).

The global reusable satellite launch vehicle market is being dominated by North America. Major space centers in the US such as NASA and SpaceX have directed their focus on multiple satellite launches to cater to the growing demand for satellites. Moreover, developed economies such as the US, Canada, and Mexico have sophisticated infrastructure which helps them progress with various space-based programs which have become a key area of focus in the region.

The APAC reusable satellite launch vehicle market is expected to expand at a torrid pace. The satellite and aerospace sector has undergone a tremendous transformation over the past few years, which has affected the market on a positive note. Increasing defense budgets in the emerging economies of the region have also boosted the market growth.

In Europe, France, Russia, Germany, and the UK are actively engaged in the development of RSLV and have made substantial investments in the same which is anticipated to drive the market over the forecast period.

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