Reusable Launch Vehicle Market to Record CAGR of 17.4% Over 2025-2032; Rising Demand for Small Satellites to Catalyze Product Adoption

The reusable launch vehicle market size was valued at USD 6.37 billion in 2024 and is predicted to reach USD 8.44 billion in 2025. The market is anticipated to touch USD 25.92 billion by 2032, recording a CAGR of 17.4% over 2025-2032.

Fortune Business Insights™ presents this information in its latest report titled “Reusable Launch Vehicle Market Size, Share & Industry Analysis, By Type (Partially Reusable and Fully Reusable), By Orbit Type (Low-Earth Orbit (LEO), and Geosynchronous Transfer Orbit (GTO)), By Vehicle Capacity (Up to 1000 Kg, 1000 Kg to 3000 Kg, and Above 3000 Kg), By Application (Commercial and Defense), and Regional Forecasts, 2025-2032”.

A Reusable Launch Vehicle (RLV) is a space launch vehicle that is designed to facilitate either the complete or partial recovery of rocket stages after sending a satellite into orbit. Reusing a launch vehicle allows space agencies to use the same parts numerous times, which helps them lower the costs associated the launch of satellite vehicles. This helps smaller companies enter space in a more cost-effective way, which will further boost the use of reusable launch vehicles.

Lockheed Market Signed Deal With DARPA to Develop and Launch Nuclear Energy-Powered Spacecraft

Lockheed Martin announced that it had signed an agreement with the Defense Advanced Research Projects Agency (DARPA) to develop and display a spacecraft powered by nuclear energy. This launch was a part of the Demonstration Rocket for Agile Cislunar Operations (DRACO) initiative.

Rising Demand for Small Satellites to Catalyze Product Adoption

The demand for small and nano-satellites is increasing owing to the development of specialized Small Satellite Launch Vehicles (SSLVs). These launch systems are being developed to facilitate the effective and speedy launch of satellites to address the high demand for small satellite placements. For example, in June 2024, NASA announced that it intended to launch several small satellites into space, which were designed with the help of educators, students, and researchers from across the U.S. This was a part of NASA’s CubeSat Launch Initiative. These factors will boost the demand for small satellites, which will ultimately boost the reusable launch vehicle market growth.

However, various operational challenges and regulatory and environmental concerns can hamper the demand for these vehicles.

Leading Market Players to Increase Investments in Space R&D Activities to Remain Competitive

Some of the top companies driving the market’s growth are focusing on increasing their investments in space-related research & development activities to enhance the reusability of their satellite launch vehicles and decrease the expenses associated with space launches. These strategies will help them remain ahead of their competitors.

Notable Industry Development:

• November 2024: AVIC of China secured a deal with the China Manned Space Agency to develop a reusable, winged spacecraft called Haolong. This reusable spacecraft is designed to carry cargo to China’s Tiangong space station.

List of the 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.)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/reusable-launch-vehicle-market-106803

Further Report Findings

• Europe is anticipated to showcase the fastest growth in the global market during the forecast period as the European Space Agency (ESA) is raising its investment in Reusable Launch Vehicle (RLV) technologies. Governments across the region are also showing their support for RLVs to help develop a strong RLV ecosystem.
• Asia Pacific is also capturing a major reusable launch vehicle market share due to high investments by various countries in their space industry to improve their space capabilities.
• Based on orbit type, the Low-Earth Orbit (LEO) segment is expected to record the highest CAGR in the coming years as there are several advantages of launching satellites in this orbit. These include improved performance, cost-effectiveness, decreased latency, flexibility, wide coverage, and consistent technological innovation.

Table of Segmentation