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It is very exciting to see that, the satellite industry is witnessing significant growth with the launch of several satellites. However, the high launch costs of using expendable launch vehicles help in reducing the profit margins. As a result, reusable launch vehicles are currently being developed and used by satellite operators to reduce the satellite launch costs. Remarkable innovations and modifications across various industries globally are steadily visible. Reusable launch vehicles are also being developed to bring down the costs of satellite development and launch.
According to Technavio Research, the top vendors in the global reusable launch vehicles market include: