Global demand for the rocket propulsion market was valued at around USD 4 Billion in 2019 and is projected to surpass USD 6 Billion by the end of 2025, escalating at a CAGR of close to 8% between 2019 and 2025.
This report analyzes and estimates the rocket propulsion market at the global, regional, and country levels. The research study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the rocket propulsion market drivers and restraints along with their impact analysis at the global level from 2016 to 2025.
The report covers an in-depth analysis of the strategies adopted by major competitors in the global rocket propulsion market. To understand the competitive landscape in the global rocket propulsion market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.
The research study provides a decisive view on the global rocket propulsion market based on type, fuel type, vehicle type, orbit type, end-use, and region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.
As the space exploration programs are growing at a phenomenal rate particularly in China, the rocket engine segment is likely to proliferate at a CAGR of more than 9% during the forecast period. The giant government-owned space industry in China, CASIC (China Aerospace Science & Industry Corporation), has been engaged in developing its space vehicle Kaitouzhe for almost the last twenty years. Moreover, there is an almost 30% increase in the number of launch activities conducted in China from 2017 to 2019, which indicates the further enhancement of the rocket engine category in the coming years.
Based on type, the global rocket propulsion market is segmented into type, fuel type, vehicle type, orbit type, end-use, and region. On the basis of type, the market is divided into rocket motors and rocket engines. In terms of the fuel type, the market is sectored into hybrid fuel, solid fuel, and liquid fuel. By vehicle type, the industry is bifurcated into unmanned and manned. Based on the orbit type, the market is categorized into geostationary Earth orbit (GEO), low Earth orbit (LEO), beyond geosynchronous orbit (BGEO), and medium Earth orbit (MEO). The end-use segment classifies the global market into commercial and defense & civil. The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.
Some of the key players of the global rocket propulsion market include Safran S.A., Virgin Galactic, Lockheed Martin Corporation, Moog Inc., Mitsubishi Heavy Industries, China Great Wall Industry Corporation, Rocket Lab, L-3 Communications, Blue Origin, IHI Corporation, General Dynamics OTS, Northrop Grumman, Airbus Defence and Space, NPO Energomash, Antrix, SpaceX, Aerojet Rocketdyne, NASA, Yuzhmash, and The Boeing Company.
This report segments the global rocket propulsion market into:
Global Rocket Propulsion Market: By Type Segmentation Analysis
Global Rocket Propulsion Market: By Fuel Type Segmentation Analysis
Global Rocket Propulsion Market: By Vehicle Type Segmentation Analysis
Global Rocket Propulsion Market: By Orbit Type Segmentation Analysis
Global Rocket Propulsion Market: By End-Use Segmentation Analysis
Global Rocket Propulsion Market: By Regional Segmentation Analysis