Global Hypersonic Reusable Launch Vehicles Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hypersonic Reusable Launch Vehicles Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A reusable launch vehicle refers to a rocket that, after taking off from the ground and completing a scheduled launch mission, returns in whole or in part and lands safely, after maintenance and refueling, it can perform launch missions again. The concept of reusable launch vehicles is relative to one-time use launch vehicles.

The advantages and ultimate goal of repeated use are to reduce the waste caused by abandoning expensive rocket bodies, engines and electrical equipment after one-time use of the carrier, and to reduce the production and launch costs of the carrier by sharing the cost of multiple uses.

Market Overview:

The latest research study on the global Hypersonic Reusable Launch Vehicles market finds that the global Hypersonic Reusable Launch Vehicles market reached a value of USD 1364.94 million in 2022. It’s expected that the market will achieve USD 5166.26 million by 2028, exhibiting a CAGR of 24.84% during the forecast period.

Significant economic downside risks

The outbreak of COVID-19 is affecting almost every region in the world. Each region has been affected by a significant growth and demotion. East Asia and the Pacific will grow by only 0.5%. South Asia will contract by 2.7%, Sub-Saharan Africa will contract by 2.8%, the Middle East and North Africa will contract by 4.2%, Europe and Central Asia will contract by 4.7%, and Latin America will contract by 7.2%. These downturns are expected to reverse years of progress towards achieving development goals and plunge thousands of people into extreme poverty. Emerging markets and developing economies will be hit by economic resistance from multiple quarters: a weak medical system, losses in trade and tourism, reduced remittances, insufficient capital flows, and increasing debt pressures that have led to tight financial conditions. Developed economies are expected to reduce 7%. This crisis has exceeded the speed of the global economy, and a global recession has become inevitable.

Global economic output reduction

Due to the pandemic of COVID-19, the global economy is expected to lose nearly US$8.5 trillion in output value in the next two years, which will erase almost all the gains of the previous four years. The sharp economic contraction marked the worst contraction since the Great Depression in the 1930s, while the economic downturn at the beginning of the year was only 2.1%. And the outbreak of COVID-19 will aggravate the phenomenon of poverty and inequality. By 2030, 130 million people may join the ranks of the extremely poor, which has hit the global efforts to eliminate extreme poverty and hunger. This epidemic has greatly damaged low-skilled and low-paying jobs, while at the same time making high-skilled jobs less affected, which will further increase income inequality within and between countries.

Many countries are carrying out research on reusable launch vehicle technology

A reusable launch vehicle refers to a rocket that, after taking off from the ground and completing a scheduled launch mission, returns in whole or in part and lands safely, after maintenance and refueling, it can perform launch missions again. The concept of reusable launch vehicles is relative to one-time use launch vehicles.

Disposable launch vehicles cost a lot. With the increasing number of space launch missions, many countries are trying to develop reusable launch vehicles. The technology of reusable space launch vehicles has entered a new era. Reusable launch vehicles have ended the debate on technical feasibility and commercial value, and entered the era of large-scale engineering practice.

High technical risk and large investment

A fully reusable launch vehicle can not only reduce the hardware cost of the launch vehicle by completely reusing the technology, but also greatly simplify ground operations and equipment to reduce ground operation costs and increase the launch frequency, so it is an ideal space transportation tool , Is the development direction of the future carrier rocket.

This kind of launch vehicle is technically difficult and expensive to develop, but its use cost is very low. Currently, fully reusable launch vehicles that are being actively studied abroad are mainly divided into single-stage and multi-stage orbits. Although the single-stage orbit plan is the development direction of the future launch vehicle, it is difficult to implement because it uses a lot of advanced technology, has high technical risks, and requires a lot of investment.

Region Overview:

In 2022, the share of the Hypersonic Reusable Launch Vehicles market in North America stood at 64.37%.

Company Overview:

SpaceX is one of the major players operating in the Hypersonic Reusable Launch Vehicles market, holding a share of 100% in 2020.

SpaceX
Space Exploration Technologies Corp. designs and manufactures rockets and space crafts. The Company develops crew and cargo capsules, engines, cryogenic tank structures, avionics, equipments, guidance, and control software. Space Exploration Technologies serves customers in the United States.

Rocket Lab

Rocket Lab Limited operates as a manufacturer of aerospace and defense products. The Company develops electron orbital vehicle. Rocket Lab serves customers worldwide.

Segmentation Overview:

Among different product types, Partially Reusable segment is anticipated to contribute the largest market share in 2028.

Application Overview:

The market's largest segment by application is the segment Liquid-Fueled, with a market share of 100% in 2022.

Key Companies in the global Hypersonic Reusable Launch Vehicles market covered in Chapter 3:

SpaceX
Masten Space Systems
NASA
Boeing
Rocket Lab
Blue Origin
CALT
ISRO
Roscosmos
Stratolaunch
i-Space
Bellatrix Aerospace
Arianespace
Virgin Galactic

In Chapter 4 and Chapter 14.2, on the basis of types, the Hypersonic Reusable Launch Vehicles market from 2018 to 2029 is primarily split into:

Fully Reusable Launch Vehicles
Partially Reusable Launch Vehicles

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hypersonic Reusable Launch Vehicles market from 2018 to 2029 covers:

Liquid-Fueled
Solid-Fueled

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)