Market Research Report
Rocket Propulsion Market by Type (Rocket Motor, Rocket Engine), Orbit (LEO, MEO, GEO, Beyond GEO), Launch Vehicle Type (Manned, Unmanned), End User (Military & Government, Commercial), Propulsion Type, Component, Region - Global Forecast to 2023
|Published by||MarketsandMarkets||Product code||688046|
|Published||Content info||142 Pages
Delivery time: 1-2 business days
|Rocket Propulsion Market by Type (Rocket Motor, Rocket Engine), Orbit (LEO, MEO, GEO, Beyond GEO), Launch Vehicle Type (Manned, Unmanned), End User (Military & Government, Commercial), Propulsion Type, Component, Region - Global Forecast to 2023|
|Published: August 29, 2018||Content info: 142 Pages||
The rocket propulsion market is estimated to be USD 4.23 billion in 2018 and is projected to reach USD 6.36 billion by 2023, at a CAGR of 8.50% from 2018 to 2023. The propulsion system of a rocket used to generate thrust to lift the rocket into space is called rocket propulsion. The propulsion of a rocket includes all parts, such as tank, pump, propellant, motor, and nozzle, among others. The growth of the rocket propulsion market can be attributed to the reducing mission cost and increasing space expeditions. Increasing spending on research & development for enhanced efficiency is also a major factor fueling the growth of the market.
Based on propulsion type, the hybrid propulsion segment is estimated to lead the rocket propulsion market in 2018
The hybrid propulsion segment is estimated to lead the rocket propulsion market in 2018. This growth can be attributed to the increasing adoption of advanced liquid propulsion engines and high thrust rocket motors for space launch vehicles.
The Asia Pacific region is projected to grow at the highest CAGR owing to the increasing demand for exploration activities among countries, such as India, China, and Japan. Increasing space missions are expected to fuel the growth of the rocket propulsion market in the region.
Key players operating in the rocket propulsion market include: SpaceX (US), Aerojet Rocketdyne (US), Antrix (India), Orbital ATK (US), and Mitsubishi Heavy Industries (Japan).
The rocket propulsion market has been segmented on the basis of type, propulsion type, orbit, launch vehicle type, end user, component, and region. These segments and subsegments are mapped across major regions, namely, North America, Europe, Asia Pacific, and the Middle East. The report provides in-depth market intelligence regarding key market dynamics and major factors (drivers, restraints, opportunities, and industry-specific challenges) that influence the growth of the rocket propulsion market, in addition to an analysis of micromarkets with respect to individual growth trends, prospects, and their contribution to the rocket propulsion market.
From an insight perspective, the rocket propulsion market report focuses on various levels of analyses - industry analysis; market share analysis of top players; company profiles that comprise and discuss basic views on the competitive landscape; high-growth regions and countries as well as their respective regulatory policies; and drivers, restraints, opportunities, and challenges.
The rocket propulsion market report provides insights on the following pointers:
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies