Multi-Stage Rocket Market Size, Share, and Russia-Ukraine War Impact Analysis, By Type (With Booster and Without Booster), By Number of Stages (2 Stage, 3 Stage, 4 Stage, and More than 4 Stages), By Fuel Type (Liquid Propellant, Solid Propellant, and Hybrid Propellant), By Payload to Lower Earth Orbit (Up to 5,000 Kg, 5,000 Kg , 20,000 Kg, and Above 20,000 Kg), By Launch Platform (Land, Sea, Subsea, and Air), and Regional Forecast, 2024-2032.

A multi-stage rocket consists of multiple stages, each with its own propellant. The multiple stages can be arranged in either a series arrangement of a parallel arrangement. Most rockets nowadays use a combination of both for optimal results.

Key Market Insights:

The market is driven by the race between players to dive deeper into the field of space exploration. Several state- funded and independent organizations are working to develop the latest technology, in hopes to revolutionize space travel.

Multi-stage rockets work by shedding dead weight in the form of stages and boosters as they progress in altitude. Each stage has its own propellant, and once it used up, the stage acts nothing as dead weight for the vehicle. The stage is separated from the rest of the rocket with the use of explosive bolts, and the next stage is ignited for further propulsion. This makes the rocket lighter, and helps it advance higher while maintaining the required speed. SpaceX is working towards the development of re-useable multi-stage rockets, and use hydraulics instead of explosive bolts for the separation of the stage. This helps reducing the cost for repairs and other maintenance once the rocket comes down to the launch pad. Multi-stage rockets are mostly used for outer orbital missions. Low-orbital missions can be accomplished by single stage rockets as well.

The market is expanding every day, with the focus of space agencies shifting from space exploration to space travel. Multi-stage rockets are being used frequently to send satellites into the orbit, which are necessary for communication, data transfer, and for security purposes. Increasing the frequency of orbital launches poses an environmental concern, and numerous organizations such as Blue Origin, LLC and Virgin Galactic are working to increase the sustainability of space travel.

The biggest restraint towards the growth of the market is the cost. Space travel and exploration is expensive, and although the advancements in technology have reduced the cost drastically, it is still a far from a price affordable for the masses. The research and development of such technology also requires a lot of capital.

Impact of COVID-19 on the Global Multi-Stage Rocket Market

The drastic impact COVID-19 had stayed for most of 2020 and 2021. Lockdowns and supply chain disruptions affected the manufacturing and production of industries across the globe. The space industry also faced the impact. Satellite launches scheduled for the period were postponed indefinitely. Assembly and manufacturing of multi-stage rockets came to a halt, which led to financial and production crunches for space organizations.

The market can be segmented into five categories- by type, by number of stages, by fuel type, by payload to LEO, and by launch platform. By the type of rocket, the market is bifurcated into rockets with booster and without booster. Based on the number of stages, the market is divided into rockets with 2 stages, 3 stages, 4 stages, and more than 4 stages. Based on the fuel type, the market it trifurcated into liquid propellant, solid propellant, and hybrid propellant. By the payload to lower earth orbit (LEO), the market is segmented based on the capacity of the rocket up to 5,000 Kg, 5,000 Kg to 20,000 Kg, and above 20,000 Kg. based on the launch platform, the market is divided into land, sea, subsea, and air. Based on the region, the market is divided into North America, Europe, Asia Pacific, and Rest of the World.

Key Insights:

The report will describe the following key insights:

• The report analyzes a detailed industry overview, including qualitative and quantitative information.


• The report analyzes an overview and forecast of the global multi-stage rocket market based on various segments.


• The report also analyzes comprehensive PEST analysis for all four regions, i.e. North America, Europe, Asia-Pacific, and Rest of the World, after evaluating economic, social, political, and technological factors affecting the global multi-stage rocket market in these regions.

Regional Analysis:

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North America is a major hub for the market, due to the presence of established government agencies like NASA, as well as independent players such as SpaceX, Blue Origin LLC, etc.

Asia Pacific is projected to witness significant development in the market. The increasing expenditure by nations like India, China, South Korea, and others, for their space exploration programs, will increase the available market size to a great extent. Such push by the governments will encourage the emergence of private players in the region, aiding the growth of the market. The increasing number of High Net Worth Individuals (HNWIs) will also bolster the development of privatized space travel in the future.

Key Players Covered:

The key players in the market include National Aeronautics and Space Administration (NASA), Indian Space Research Organization (ISRO), European Space Agency (ESA), SpaceX, Blue Origin, LLC, Japanese Aerospace Exploration Agency (JAXA), Virgin Galactic, Chinese National Space Administration, ROSCOSMOS, and others.

Segmentation:

Key Industry Developments:

• In July 2023, the Indian Space Research Organization (ISRO) is going to launch Chandrayaan-3, a lunar mission to collect data. The vehicle to be used for the purpose is the Geosynchronous Satellite Launch Vehicle Mk-III (GSLV MK-III), which is one of India’s heaviest multi-stage rockets. The rocket consists of a combination of series and parallel staging, and will be used to push the payload towards the lunar surface.


• In May 2023, South Korea’s indigenously built rocket, the Korean Space Launch Vehicle-II (KSLV-II), was successfully able to put South Korean satellites in the lower orbit as a part of the country’s Nuri Project. The KSLV-II is a three stage rocket, capable of carrying payloads of more than 1 ton