According to Fortune Business Insights™, the global reusable launch vehicle market size was valued at USD 6.37 billion in 2024 and is projected to grow from USD 8.44 billion in 2025 to USD 25.92 billion by 2032, exhibiting a CAGR of 17.4% during the forecast period.

Reusable Launch Vehicles (RLVs) have transformed the economics of space transportation by enabling the recovery and reuse of rocket stages and components. Unlike traditional expendable rockets, RLVs allow for multiple flights with the same hardware, significantly reducing launch costs and improving accessibility to space for commercial operators, governments, and emerging spacefaring nations. For instance, in November 2024, SpaceX’s Falcon 9 launched 24 Starlink satellites into Low-Earth Orbit (LEO) from Cape Canaveral Space Force Station, demonstrating cost-effective reusability in real-time operations.

Competitive Landscape:

Leading players are focused on enhancing reliability, increasing flight frequency, and reducing turnaround time through investment in R&D, propulsion technology, and launch software.

Key Companies Profiled:

• SpaceX (U.S.)
• Blue Origin (U.S.)
• ISRO (India)
• European Space Agency (France)
• Rocket Lab (U.S.)
• ArianeGroup (France)
• NASA (U.S.)
• Lockheed Martin Corporation (U.S.)
• United Launch Alliance (U.S.)
• The Boeing Company (U.S.)

Source:

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

Segmentation Overview