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    Rocket Propulsion Market Report

    Rocket Propulsion Market Report
    Report code - SRAD230 Delivery - 2 Weeks
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    Rocket Propulsion Market Size, Share, Trend, Forecast, & Industry Analysis – 202 See more...

    Impact of COVID-19 on Rocket Propulsion Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Rocket Propulsion Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    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.