Market Research Report
Thrust Vector Control Market by Technology (Gimbal Nozzle, Flex Nozzle, Thrusters, Rotating Nozzle), Application (Launch Vehicles, Missiles, Satellites & Fighter Aircraft), System (Actuation, Injection & Thruster), and Region - Global Forecast to 2022
|Published by||MarketsandMarkets||Product code||505065|
|Published||Content info||149 Pages
Delivery time: 1-2 business days
|Thrust Vector Control Market by Technology (Gimbal Nozzle, Flex Nozzle, Thrusters, Rotating Nozzle), Application (Launch Vehicles, Missiles, Satellites & Fighter Aircraft), System (Actuation, Injection & Thruster), and Region - Global Forecast to 2022|
|Published: May 17, 2017||Content info: 149 Pages||
The thrust vector control market is projected to grow from USD 8.39 billion in 2017 to USD 13.77 billion by 2022, at a CAGR of 10.41% from 2017 to 2022. Increased adoption of thrust vector control in next-generation guided missile systems especially in intercontinental ballistic missile and long-range missiles, increasing investments in space exploration programs and satellites launches, and growth in production and acquisition of super maneuverable fighter aircraft are driving the growth of the thrust vector control market.
Based on technology, the flex nozzle market segment is estimated to lead the market during the forecast period. The growth of this segment can be attributed to the increased implementation in satellite launchers and missiles, which require guidance or steering to fly along a programmed trajectory.
Based on end user, the space agencies segment is projected to witness the highest growth from period 2017 to 2022. With increase in the number of satellites being launched, the number of launch vehicles is also increasing. Besides satellite launches, significant amount is being spent on space exploration programs, thus driving the market in space agencies segment.
North America was the largest market for thrust vector control in 2016. Increasing R&D and procurement of super maneuverable fighter aircraft, increased space research leading to greater number of launch vehicles being used, and increase in satellite launches are driving the growth of the thrust vector control market in North America.
Break-up of profile of primary participants in the thrust vector control market:
Major companies profiled in the report include Honeywell International, Inc. (U.S.), Moog, Inc. (U.S.), Woodward, Inc. (U.S.), Jansen Aircraft Systems Control, Inc. (U.S.), BAE Systems (U.K.), Wickman Spacecraft & Propulsion Company (U.S.), Parker Hannifin, Inc. (U.S.), Sierra Nevada Corporation (U.S.), Dynetics, Inc. (U.S.), and SABCA (Belgium).
This research report categorizes the thrust vector control market based on technology (gimbal nozzle, flex nozzle, thrusters, rotating nozzles, others), application (launch vehicles, missiles, satellites, fighter aircraft), system (actuation, injection, thruster), end user (space agencies, defense). These segments and subsegments are mapped across major regions, namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW).
From an insight perspective, this research report focuses on various levels of analyses -industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the thrust vector control market, high-growth regions, and market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View might not be captured in case of unlisted companies.