Rocket Propulsion Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025
Global Rocket Propulsion Market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025. Rocket Propulsion is a method to accelerate spacecraft and artificial satellites to move a rocket off the ground and into the atmosphere. The propulsion of all rockets, jet engines works on the principle of Newton’s third law of motion in which a working fluid is accelerated by the system and the reaction to this acceleration generates a force on the system. There are two types of rocket propulsion to launch the rockets off the ground which are solid propulsion and liquid propulsion.
Technological developments and increasing use of space launch services for satellites in various sectors are boosting the growth of the global Rocket Propulsion market. Moreover, development of advanced rocket propellants and rocket propellant chemicals to offer high performance, efficiency and safety are also expected to fuel the growth of the market. However, increasing space expeditions and cyber security may hinder the growth of the market. Furthermore, opportunities from various enterprises from emerging economies and high demandRocket Propulsion would provide growth in the upcoming years.
The global rocket propulsion market is segmented based on the type, propulsion type, orbit, component, launch vehicle type, end user and geography. Type segment is further segmented into rocket motor, rocket engine. Propulsion type segment can be bifurcated into solid propulsion, liquid propulsion and hybrid propulsion. Furthermore, orbit segment includes LEO, MEO, GEO and beyond GEO. Component segment is further segmented into motor casing, nozzle, igniter hardware, propellant, turbo pump and others. Launch vehicle type segment can be bifurcated into manned and unmanned. End user segment can be divided into military & government and commercial.
The global rocket propulsion market by geography is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. is covered under North America wherein Europe covers Ukraine, Russia, France, and others. Asia-Pacific covers China, India, Japan, North Korea, and others. RoW covers South America, Middle East and Africa.
Major companies operating in the global Rocket Propulsion market are Aerojet Rocketdyne, Mitsubishi Heavy Industries, Orbital ATK, Safran S.A., Spacex, Blue Origin, NPO Energomash, Virgin Galactic, IHI, JSC Kuznetsov and Yuzhmash, among others.
The key takeaways from the report
Scope of Rocket Propulsion Market
Propulsion Type Segments
Launch Vehicle Type Segments
End User Segments