Stratview Research releases a new report on the Rocket Propulsion Market that shows lucrative growth opportunities in the global industry during the next five-year period. This report ensures reliable information related to the present and future market trends. The following summary will give an overview of the challenges, dynamics, and more details mentioned in the report.

Rocket Propulsion Market Insights:

Rocket propulsion market is likely to witness an impressive CAGR of 10.2% during the forecast period. Growing employment of space launch services for satellites and testing probe applications are some of the most contributing factors that are underpinning the growth of the global rocket propulsion market. In addition, the introduction of space tourism is expected to further bolster the demand for rocket propulsion in the subsequent times to come.

The Rocket Propulsion Market size depends upon several factors that have direct or indirect influence on the demand and supply chain. The report published by Stratview Research throws light on the vital extracts of many such factors derived using different types of analysis like supply chain analysis, etc. These methods help in analysing the core strength of the companies, identifying their growth strategies, recognising their gaps as well as opportunities to lay out an effective roadmap which leads to higher profitability.

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Key Players

The report also highlights the topmost linchpins active in the market. According to the list, here are few key players mentioned in the report –

  • Antrix Corporation Limited
  • Aerojet Rocketdyne
  • Mitsubishi Heavy Industries
  • NPO Energomash
  • Orbital ATK
  • Rocket Lab
  • Safran S.A.
  • Space Exploration Technologies Corp.
  • Virgin Galactic

Market Segmentation:

The report segments based upon geographics, demographics, benefits and volume etc., identifies the most attractive segments and sub-segments and have different driving factors. The segmentation mentioned in the report has been arranged in such a way that it can help users to be more efficient in terms of time, investment, and other resources. It also allows the businesses to learn more about their target audience so that they can tailor their strategies, and campaigns in increasing their market share and revenue.

Rocket Propulsion Market Share: By Component Type

Based on the component type, the market is segmented as motor casing, nozzle, igniter hardware, valve, turbo pump, combustion chamber, propellant, and others. The propellant segment is expected to depict the fastest growth during the forecast period, owing to the rising demand for competent and advanced thrust-generating propellants for launch vehicles. Relentless innovations in propellant compositions are anticipated to boost the growth of this segment.

Rocket Propulsion Market Share: By End-User Type

Based on the end-user type, the market is segmented as commercial and military & government. The military & government segment remained dominant in 2018, and it is estimated to lead the market during the forecast period. Rising defense disbursements by developed and emerging economies and the need to back-up military operations and cyber operations with the employment of various types of satellites, such as remote sensing satellites, communication and surveillance satellites, and a host of others are expected to contribute to the growth of the global rocket propulsion market during the forecast period.

Rocket Propulsion Market Share: By Region

In terms of regions, North America was expected to remain dominant in the the rocket propulsion market in 2018. The region’s market is driven by the growing demand for space launch services for various payloads, such as satellites, human spacecraft, missions to ISS, and testing probes, which is expected to significantly contribute to the growth of the market in this region. The region is investing considerably in the advancement of space tourism and exploration and space probe missions, which is further fueling the growth of the rocket propulsion market. On the other hand, the rocket propulsion market in the Asia-Pacific region is estimated to depict the highest growth in the coming five years, sustained by the rising investments in the space launch industry.

Report Customization Options

Stratview Research offers one of the following free customization options to the users along with this detailed report:

Company Profiling

  • Detailed brief of additional market players.
  • SWOT analysis of key players.
  • Competitive Benchmarking

Benchmarking of the market key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.