The Reusable satellite launch vehicle market is estimated to witness a CAGR of more than 12% during the forecast period from 2018 to 2023.
The satellite industry has witnessed considerable growth in the recent years with the launch of numerous satellites. With the fast developments in technologies, there have been many important innovations and alterations across various industries worldwide.
The RSLV market has been segmented on the basis of configuration, type, vehicle weight, and region. On the basis of type, the market is segmented into fully reusable and partially RSLV. As of 2017, the partially reusable launch vehicles segment dominated the global market and is expected to hold its position throughout the forecast period. The growth of partially reusable market segment will remain at a moderate growth as the investments related with the launch of these vehicles is quite low as compared to the fully reusable segment.
On the basis of region, North America dominated the market in 2017 and is expected to continue its dominance throughout the forecast period. Countries, such as the U.S., Canada, Brazil, and Mexico have modern infrastructures and are progressively involved in various space-based programs. With space centers, such as NASA and SpaceX in the U.S. risingly focusing on multiple satellite launch missions to meet the growing demand of satellites. Furthermore, the demand for RSLV is estimated to witness substantial growth in the North American region, during the forecast period and this can be primarily credited to the growing focus on multiple satellite launch missions. Though, the Asia Pacific region is also estimated to witness fast growth in the forecast period.
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The key players in reusable satellite launch vehicle market are Airbus S.A.S (Netherlands), Boeing (U.S.), Bellatrix Aerospace Private Limited (India), Bigelow Aerospace (U.S.), Lockheed Martin Corporation (U.S.), Masten Space Systems (U.S.), Space Exploration Technologies Corp. (U.S.), Sierra Nevada Corporation (U.S.), and Virgin Galactic (U.S.).