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. A rocket can be an aeroplane, a spacecraft, a missile, or any other thrust-generating vehicle. The rocket’s propulsion mechanism generates thrust. Solid, liquid, and hybrid propellants are used in rocket engines (combination of solid and liquid propellants). Solid rocket engines are more reliable than other propulsion systems since they employ solid fuels and create tremendous thrust. Solid rocket engines, on the other hand, cannot be restarted. While solid propellant rockets utilise solid fuel, liquid rocket engines use liquid fuel, generate a lot of thrust, and are more controllable. Liquid rocket engines, on the other hand, have a complex design and thus expensive prices. In rockets, a hybrid propulsion system uses both solid and liquid fuel in two phases. Both solid and liquid propulsion methods are available in hybrid rocket engines.
Market shares for firms in the rocket propulsion market were calculated using secondary data obtained from both paid and unpaid sources, as well as a review of key companies’ product portfolios and a rating system based on product performance and quality. Primary sources have been used to confirm these data points.
Corporate filings, such as annual reports, investor presentations, financial statements, and trade, business, and professional groups, among others, were used as secondary sources for this research study. Secondary data was gathered and evaluated in order to determine the overall market size, which was then confirmed by primary respondents.
Key market player information
Top Leading Market Players Covered in this Report are : 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.
The global Rocket Propulsion study includes a thorough examination of the top companies operating in the global Rocket Propulsion market. The competition analysis is based on market share, product sales, business strength, top rivals, major business categories, and geographic presence of key market players. The report’s competitive analysis will assist readers in highlighting key variables that will assist them in meeting their objectives during the projected period.
Segmentation
The research divides the global Rocket Propulsion market into segments and sub-segments by analyzing a number of parameters. The Rocket Propulsion report analysis provides a valuable insight into segment revenue and market share at both the global and country levels. In terms of revenue and volume, the segmentation study details the correct projections and computations. In addition, the research study offers major growth trends and opportunities within Rocket Propulsion market categories, which will aid in the development of effective corporate growth plans for the forecast period of 2021-2027.
Geographical Information
Users will gain useful insights from a study of the major regions and nations covered in the scope of the report, which will help them better identify investment prospects to expand their business. The statistics based on revenue and market share for distinct regions and countries are included in the report analysis. In addition, the study highlights key trends and opportunities that will aid in the growth of the industry in each region.
Market Segmentation By Types – Rocket Motor And Rocket Engine
Market Segmentation By Application – Commercial And Defense & Civil
The global Rocket Propulsion market is divided into several areas, including
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa.
COVID-19 Impact
In addition, market values and shares were estimated using current COVID-19 pandemic scenarios on the worldwide Rocket Propulsion market, which will assist users in better understanding the present market picture and recommending strategic company expansion plans accordingly. During the projection period of 2020 to 2027, the Rocket Propulsion market is expected to grow at a CAGR of xx %, reaching US$ xx million in 2027, up from US$ xx million in 2020.
Who will get benefit of this report?
- Investors and Private Equity Firms
- Rocket Propulsion market Providers
- Distributors and Suppliers
- Government and Regulatory organizations
- Several end users.
Why should buy this report from Zion?
- Provides in-depth research study of the total Rocket Propulsion market, which can assist start-up enterprises in the Rocket Propulsion market to make decisions on short span.
- The most recent Rocket Propulsion market news, forecast analysis, and top market rivals are all readily available, together with all relevant information.
- Graphs, pie charts, and other representations are included in the Rocket Propulsion report to help the reader understand the information at a glance.
- Manufacturers can use the Rocket Propulsion report to study customer behaviour, business segments, and offer items depending on the information presented.
- The impact of COVID-19 on the market and industry, as well as a recovery analysis
Report Methodology
The Rocket Propulsion research is based on the most recent industry trends and prospects, along with potential threats, key driving forces, as well as important revenue pockets. The survey was published after conducting extensive secondary research, which included reviewing a number of industry publications, investor articles, official statistics, corporate news, and press releases. All of these studies are backed up by in-depth primary research with C level industry experts, resulting in a revenue forecast for the Rocket Propulsion market.