Overview of the Advanced Rocket & Missile Propulsion System Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Advanced Rocket & Missile Propulsion System Market By Component (Propellant, Nozzle, Turbopump, Valve, Motor Casing, Combustion Chamber, Igniter, Others), By Propulsion Type (Liquid Propulsion Engine, Solid Propulsion Rocket Motor,Hybrid Propulsion Engine, Air breathing Propulsion Engine), By Application (Rockets, Missiles, Space Launch Vehicle), By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa), The Global Advanced Rockets & Missiles Propulsion System Market is projected to grow at a CAGR of around 9% during the forecast period, i.e., 2021-26. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Advanced Rocket & Missile Propulsion System Market Growth and Scope:
Base Year: 2020
Forecast Period: 2021-2026
Historical Data: 2016-19
CAGR (2021-2026): 9%
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Driver parts:
Key Driver & Opportunity: Space Explorations & Innovations in Propulsion Systems
Massive investments & various initiatives by the governments of different countries worldwide for several space exploration projects, growing research & development initiatives to enhance the space expeditions, higher efficiency of propulsion systems, and surging commercial applications of the space industry are the key aspects projected to drive the Global Advanced Rocket & Missile Propulsion System Market during 2021-26.
Besides, a swiftly escalating participation of several prominent players & government associations in the market for the development and demonstration of reusable rockets technology to reduce the cost of every launch shall further boost the market in the years to come.
A Comprehensive Analysis of Leading Companies of Advanced Rocket & Missile Propulsion System Market by MarkNtel Advisors:
- Aerojet Rocketdyne
- Ariane Group
- Blue Origin
- NPO Energomash
- Safran S.A
- Avio S.p.A
- Northrop Grumman Corporation
- Space Exploration Technologies Corporation (SpaceX)
- Mitsubishi Heavy Industries
- Airbus S.A.S.
- IHI Corporation
- Lockheed Martin Corporation
- Moog Inc.
- OHB SE
- Thales Group
Key Advanced Rocket & Missile Propulsion System Market Segmentation:
-By Propulsion Type
- Liquid Propulsion Engine
- Solid Propulsion Rocket Motor
- Hybrid Propulsion Engine
- Air-breathing Propulsion Engine
According to the report, Solid Propulsion Rocket Motors accounted for the largest market share in recent years & the same trend is likely to be followed in the coming years due to the rapidly increasing demand for solid fuel in ballistic missiles owing, especially to its easy storage & a large amount of thrust. Moreover, these propulsion systems have immense energy content, which benefits the payload, range, & target.
-By Component
- Propellant
- Nozzle
- Turbopump
- Valve
- Motor Casing
- Combustion Chamber
- Igniter
According to the report, Propellants acquired a significant market share and are likely to prevail the same trend over the forecast years.
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-By Component
- Propellant
- Nozzle
- Turbopump
- Valve
- Motor Casing
- Combustion Chamber
- Igniter
- Others
-By Propulsion Type
- Liquid Propulsion Engine
- Solid Propulsion Rocket Motor
- Hybrid Propulsion Engine
- Air breathing Propulsion Engine
-By Application
- Rockets
- Missiles
- Space Launch Vehicle
Geographical Analysis
-By Region
- North America
- Europe
- Middle East & Africa
- Asia-Pacific
According to the report, North America dominated the market with the largest share in recent years and shall continue dominating the market during the forecast period, too. It owes principally to the rapidly increasing need to procure advanced rockets & missiles, especially in countries like the US & Canada, to strengthen their defense capabilities & execute military missions.
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
Note: If you need additional information not included in the report, we can customize it to suit your requirements.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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