PUNE, India, Aug. 31, 2022 (GLOBE NEWSWIRE) — The global Reusable Launchers Market The size is projected to reach US$3.68 billion by 2029 and show a CAGR of 10.51% over the forecast period. The increasing space exploration programs and increasing government investments are expected to boost the market expansion. Insights into the Fortune business has titled this information in his report “Reusable Launch Vehicle, 2022-2029”. The market size was $1.39 billion in 2021 and $1.83 billion in 2022.
In addition, the increasing adoption of high-density and specific liquid propellants is expected to favor the market expansion in the coming years.
Impact of COVID-19
The space industry has been hit hard by the unprecedented devastation wrought by the coronavirus pandemic. Lockdowns and curfews led to the postponement or suspension of several satellite launches. Small and medium-sized companies have suffered a severe setback as a result of the corona pandemic. However, well-known companies such as ISRO, SpaceX and others are redesigning their production structures for satellites and launch vehicles. This should stimulate market growth in the coming years.
Get a sample PDF brochure report:
List of the most important market participants
- Ariane Group (France)
- Blue Origin LLC (USA)
- Lockheed Martin Corporation (USA)
- National Aeronautics and Space Administration (NASA) (USA)
- Rocket Labs USA (USA)
- Space Exploration Technologies Corp. (SpaceX) (USA)
- The Boeing Company (USA)
- The Spaceship Company (US)
- United Launch Alliance (ULA) (USA)
- European Space Agency (France)
- Indian Space Research Organization (India)
- Israeli Space Agency (Israel)
- Italian Space Agency (Italy)
Scope and segmentation of the report:
| report coverage | details |
| forecast period | 2022-2029 |
| Forecast CAGR | 10.51% |
| Value prognosis 2029 | $3.68 billion |
| base year | 2021 |
| Historical data | 2018-2020 |
| number of pages | 221 |
| Covered Segments | By type, by vehicle weight, by… |
[ad_2]
Source story
