Rocket Propulsion Market Trends 2018 & Forecast to 2024 - PowerPoint PPT Presentation

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Rocket Propulsion Market Trends 2018 & Forecast to 2024

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Title: Rocket Propulsion Market Trends 2018 & Forecast to 2024


1
Rocket Propulsion Market Research Report, 2018
2024
2
Key Insights from Rocket Propulsion Market
  • Rocket Propulsion Market is projected to grow
    exponentially from 2018 to 2024 due to increasing
    technological advancements in rockets and a
    higher demand for small satellites. Several
    organizations including the National Institute
    for Rocket Propulsion Systems (NIRPS) and the
    Indian Space Research Organization are engaged in
    research development for introducing advanced
    technological features and efficient propulsion
    systems for expanding the market growth till
    2024.
  • Technological advancements in rocket propulsion
    systems are creating potential opportunities for
    market penetration. Moreover, Marshall Space
    Flight Center is continuously stressing on
    improving spacecraft and rocket propulsion
    technologies with the help of private players in
    the industry.
  • Based on component, the rocket propulsion market
    is characterized into nozzle, valve, turbo pump,
    propellant, combustion chamber, and motor casing.
    The increasing thrust offered by the propellant
    with a mixture of oxidizer and fuel is driving
    the segment growth over the projected timeframe.

3
Continued...
  • Based on engine, the rocket propulsion market is
    classified into mono-propellant engines and
    bi-propellant engines. The rocket engine is
    anticipated to grow at a considerable rate over
    the projected timeframe owing to enhanced
    technology of rocket engines. Mono-propellant
    engines are generally used for low-thrust
    propulsion systems.
  • Based on end user, the rocket propulsion market
    is segmented into military government and
    commercial. Military government is expected to
    witness a remarkable growth in the global rocket
    propulsion marketplace owing to the increasing
    expenditure on research development associated
    with space exploration systems development.
  • Prominent players in the global market are
    emphasizing on reducing the manufacturing costs
    coupled with the growing number of rocket
    launches, thereby increasing the commercial usage
    of the space industry. Moreover, the increasing
    requirement for national security coupled with
    the prevention of terrorism is escalating the
    demand for rocket propulsion market growth over
    the study timeframe.

4

Latest Research Report On Rocket Propulsion
Market _at_ https//www.gminsights.com/industry-analy
sis/rocket-propulsion-market Request for a
table of content of this research report
_at_ https//www.gminsights.com/request-toc/upcoming/
3047
5
Major Companies in Rocket Propulsion Market
  • Aerojet Rocketdyne
  • Mitsubishi Heavy Industries
  • Orbital ATK
  • Antrix
  • Space Exploration Technologies Corp.
  • Safran
  • Blue Origin
  • NPO Energomash
  • IHI Corporation, Virgin Galactic, JSC Kuznetsov,
    Rocket Lab USA

6
Regional Insights in Rocket Propulsion Market
  • North America is expected to witness a
    significant growth in the global rocket
    propulsion marketplace owing to the high
    concentration of leading companies in the region.
    Favorable government support and increasing
    requirement of launching satellites for several
    purposes including earth observation, planetary
    science, and safety security mission services
    are among the key factors providing a positive
    outlook for the industry growth.
  • Additionally, the presence of multiple government
    organizations across the region including
    Canadian Space Agency and its space-focused
    programs, such as Government Related Initiatives
    Program (GRIP), are among the important factors
    propelling the market proliferation. The Europe
    rocket propulsion market is experiencing a sturdy
    growth over the projected timeframe due to
    advancements in sensors and automation technology
    used in the rocket propulsion system.

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