The global reusable launch vehicle market size was valued at USD 1.61 billion in 2022. The market is projected to grow from USD 1.94 billion in 2023 to USD 5.41 billion by 2030, exhibiting a CAGR of 15.77%. Reusable Launch Vehicles (RLVs) are space launch systems that enable partial or complete rocket stage recovery following satellite delivery into orbit. An RLV aims to reduce the cost of single-stage and multi-stage satellite launches by recovering used vital systems and components.

In order to launch its Starlink internet satellites and other communication, navigation, and earth observation satellites, SpaceX is currently designing and building the RLV. Blue Origin LLC also develops and designs heavy-lift RLVs. By the end of 2022, the two- and three-stage reusable launch vehicles for the rockets will be commercially available. Fortune Business Insights presents this information in their report titled "Global Reusable Launch Vehicle Market, 2023–2030."

Informational Source:

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

List of Key Players Profiled in the Report

• ArianeGroup (France)
• Blue Origin LLC (U.S.)
• Lockheed Martin Corporation (U.S.)
• National Aeronautics and Space Administration (NASA) (U.S.)
• Rocket Labs USA (U.S.)
• Space Exploration Technologies Corp. (SpaceX) (U.S.)
• The Boeing Company (U.S.)
• The Spaceship Company (U.S.)
• United Launch Alliance (ULA) (U. S.)
• European Space Agency (France)
• Indian Space Research Organisation (India)
• Israel Space Agency (Israel)
• Italian Space Agency (Italy)