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    Rocket Propulsion Market

    Rocket Propulsion Market
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    Rocket Propulsion Market Size, Share, Trend, Forecast, & See more...

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    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.

    Rocket Propulsion Market - Snapshot

    Growth

    10.2% for the next five years

    Major Type

    Rocket engine

    Major Propulsion Type

    Hybrid Propulsion

    Major Orbit Type

    LEO

    Dominant Launch Vehicle Type

    Unmanned

    Dominant Component Type

    Propellant

    Leading End-User Type

    Military & Government

    Region with the highest demand

    North America

    Key Players

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

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    Rocket Propulsion Market Share: By Type

    Based on the type, the market is segmented as rocket motor and rocket engine. The rocket engine segment is estimated to register a higher growth in the coming five years. The growth of this segment can be attributed to the rising number of launch service providers across the globe, drop in pricing for launches, and the increasing demand for reusable launch vehicles.

    Rocket Propulsion Market Share: By Propulsion Type

    Based on the propulsion type, the market is segmented as solid propulsion, liquid propulsion, and hybrid propulsion. The hybrid propulsion segment is expected to remain dominant during the forecast period, owing to the escalating demand for transfer of heavy payloads to LEO, MEO, and GEO orbits.

    Rocket Propulsion Market Share: By Orbit Type

    Based on the orbit type, the market is segmented as low earth orbit (LEO), medium earth orbit (MEO), geostationary earth orbit (GEO), and beyond geosynchronous orbit (BGEO). The LEO segment is estimated to lead the market in the coming five years. Most of the space launch services are focused on LEO, which comprises human spacecraft, small satellites, and cargo to ISS, and spacecraft engineered for space tourism programs.

    Rocket Propulsion Market Share: By Launch Vehicle Type

    Based on the launch vehicle type, the market is segmented as unmanned and manned.  The unmanned segment is expected to register a higher growth during the forecast period. Mounting deployment of small satellites for military and commercial applications and the substantial rise in investments by large space establishments for the improvement of launch vehicles are the prime factors serving as a catalyst for the growth of this segment.

    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.

    Some of the major players in the rocket propulsion market are Antrix Corporation Limited, Aerojet Rocketdyne, Mitsubishi Heavy Industries, NPO Energomash, Orbital ATK, Rocket Lab, Safran S.A., Space Exploration Technologies Corp., and Virgin Galactic 

     

    Market Scope & Segmentation

    Rocket propulsion is reaction propulsion where the oxidizer and the fuel are carried along with the rocket engine. Rocket propulsions are often confused with jet propulsions but both have a crucial difference. Jet propulsion uses the atmospheric air in the form of an oxidizer while the rocket propulsion uses nitric acid for the same.

    Rocket propulsion can be in the form of solid, liquid, or even hybrid. It can be used in commercial as well as military aircraft. They are used in orbits and also recently in space tourism programs.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Rocket Propulsion Market Research Report - Features

    Market Segmentation

    7 ways

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    9

          

    The rocket propulsion market is segmented into the following categories. 

    Rocket Propulsion Market Size, Share, & Forecast, by Type:

    • Rocket Motor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rocket Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Rocket Propulsion Market Size, Share, & Forecast, by Propulsion Type:

    • Solid Propulsion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Liquid Propulsion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Hybrid Propulsion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Rocket Propulsion Market Size, Share, & Forecast, by Orbit Type:

    • Low Earth Orbit (LEO) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medium Earth Orbit (MEO) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Geostationary Earth Orbit (GEO) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Beyond Geosynchronous Orbit (BGEO) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Rocket Propulsion Market Size, Share, & Forecast, by Launch Vehicle Type:

    • Unmanned
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Launch Vehicle Type Analysis: Small Lift Launch Vehicles (<350,000kg) and Medium to Heavy Vehicles (>350,000 Kg))
    • Manned
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Launch Vehicle Type Analysis: Space Capsule)

    Rocket Propulsion Market Size, Share, & Forecast, by Component Type:

    • Motor Casing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Nozzle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Igniter Hardware (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Valve (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Turbo Pump (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Combustion Chamber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Propellant (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Rocket Propulsion Market Size, Share, & Forecast, by End-User Type:

    • Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military & Government (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Rocket Propulsion Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by end-user type.  

    Competitive Benchmarking

    • Benchmarking of 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 [email protected]


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