Expendable Launch Vehicle Market

Expendable Launch Vehicle Market Outlook – 2027

An expendable launch vehicle consists of a launching system that can only be launched once. After the launch, its components are discarded in the space or are destroyed on re-entry. The expendable launch vehicle consists of various rockets, which sequentially get discarded as and when the fuel gets exhausted while the vehicle gains speed and altitude. In addition, most satellites and many human spacecraft are launched on expendable launch vehicles. As such, expendable launch systems are simpler in design than other launch systems and therefore have a lower cost of production. Moreover, expendable launch vehicles are highly fuel-efficient as they utilize the entire fuel supply to accelerate the payload. 

COVID-19 scenario analysis

• Expendable launch vehicle production is going to be more agile after the end of COVID-19.
• Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of expendable launch vehicle across the globe, thereby increasing the supply–demand gap. 
• Thus, insufficiency in raw material supply is expected to hamper the production rate of expendable launch vehicle, which negatively impacts the market growth. 
• However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Rise in space exploration missions is fueling the market for expendable launch vehicles globally. The global market for expendable launch vehicles is determined by the major market players which constantly compete on reliability, product quality, aftermarket service, and cost factors. Further, increased competition is urging the global market players to enhance their network by expanding their geographical presence and increasing their manufacturing capabilities and diversification of product offerings. This is followed by huge investments by the government as well as nongovernment institutions. Moreover, technological advancements lead to market growth while reducing the cost of manufacturing and accelerating efficiency. 

The global expendable launch vehicle market trends are as follows:

Growth in space expeditions to boost the demand

The space exploration programs have gained rapid consideration over the past few decades where major nations dominate the global expendable launch vehicle market by justifying their space capabilities. In addition, increase in space R&D programs has proliferated the growth of the global spacecraft market. Moreover, rapid collaborations among international space institutions for the integration of technologies and investment are bolstering the global market for space missions, which, in turn, is fueling the demand for the expendable launch vehicle market. Rise in space exploration missions is attributed to the increment in space budget and government spending. Furthermore, capacity enhancement of the components of launch vehicles is likely to push the application and demand for expendable launch vehicles during the forecast period. 

Advancements in technology to foster the growth 

Technology plays a vital role in bolstering the military strength of any nation. Technological advancements improve the efficiency of expendable launch vehicles by simultaneously reducing its costs. Moreover, with the upgradation of technology, major market players have developed advanced expendable launch vehicles that are lighter in weight than the conventional launch vehicles. In addition, the cost of launch vehicles has been significantly reduced by incorporating advanced technologies in manufacturing. Such factors are expected to broaden the application of expendable launch vehicles and foster the growth of the global market. 

Key benefits of the report

• This study presents the analytical depiction of the global expendable launch vehicle industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global expendable launch vehicle market share.
• The current market is quantitatively analyzed to highlight the market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in the coming years. 

Questions answered in the expendable launch vehicle market research report:

• Which are the leading players active in the expendable launch vehicle market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What future projections would help in taking further strategic steps?

 Expendable Launch Vehicle Market Report Highlights