Press release
What's driving the Rocket Propulsion Market trends? Antrix, Aerojet Rocketdyne, Mitsubishi Heavy Industries, Northrop Grumman (Orbital ATK), Safran S.A. (ArianeGroup), SpaceX, Blue Origin, China Great Wall Industry Corporation, NPO Energomash, Virgin Gala
Rocket Propulsion Market
Rocket Propulsion market is projected to exceed USD 6 billion by 2027. The market growth can be attributed to the rising demand for enhanced defense and commercial space network. Increasing activities of space exploration, earth imagery, and atmosphere observation mission are providing a positive impact on the rocket propulsion market. Increasing technological advancements, such as all re-usable rockets, electric propulsion systems, electromagnetic drive, and introduction of green propellants, are improving market competitiveness.
Request a sample of this premium report at https://www.marketstudyreport.com/request-a-sample/2419658?utm_source=openpr.com&utm_medium=Abhijeet
Company Profiles
o Antrix
o Aerojet Rocketdyne
o Mitsubishi Heavy Industries
o Northrop Grumman (Orbital ATK)
o Safran S.A. (ArianeGroup)
o SpaceX
o Blue Origin
o China Great Wall Industry Corporation
o NPO Energomash
o Virgin Galactic
o IHI Corporation
o Yuzhmash
o Rocket Lab
o Boeing
o Lockheed Martin Corporation
o NASA
o Airbus Defence and Space (formerly Astrium)
o L-3 Communications (Electron Technologies, Inc.)
o General Dynamics OTS
o Moog Inc.
Some major findings of the rocket propulsion market report include:
- Increasing R&D investment and government contracts by the U.S. to improve indigenous manufacturing capabilities are supporting the rocket propulsion market
- Liberalization of foreign investment in the space sector in India and increasing efforts of China to develop reusable rocket propulsion systems are driving the Asia Pacific market growth
- More than 20 startups were funded by various government bodies and venture capitalist as of 2018 in India and China
- Some of the major industry players in the rocket propulsion systems market are Lockheed Martin, Safran, NPO Energomash, NASA, and Northrop Grumman whereas new entrants include SpaceX, Virgin Galactic, and Blue Origin, which are contributing to the market competitiveness
- Companies are focusing on strategic collaboration and long-term contracts with government agencies to gain competitive edge over their rivals
- Increasing demand for launching micro and mini satellites to LEO at an economical cost is driving rocket system manufacturers to develop reusable rockets
Major companies in the market are focused on providing new age technologies, which will help in minimizing failures and increase reliability at reduced costs. For instance, SpaceX and Blue Origin have recently demonstrated their capabilities of reusable rockets, significantly reducing the operational cost. The companies are still investing significantly to further reduce manufacturing cost by embracing additive manufacturing processes.
High initial investments and political insurgencies between nations eliminate trade networks, thereby restraining the rocket propulsion market. Rocket propulsion is a complex system and requires significant technological expertise. Many countries rely on other countries for carrying out space exploration projects. For instance, the U.S. was completely dependent on RD-160 engines developed by Energomash for its space exploration project until the political insurgencies with Russia took place in 2014. Currently, the market share of Energomash, a major Russian rocket engine manufacturer, has reduced significantly as it has lost the U.S. from its client base. Such factors are significantly hampering the global rocket propulsion market.
The demand for new technology and upgrades of existing system are contributing to the rocket propulsion market growth. The introduction of electric propulsion system and reusable rocket is supporting the growth of commercial space launch programs by significantly reducing the cost per launch. For instance, Falcon 9, a reusable rocket developed by SpaceX, has manufacturing cost of USD 54 million but during its second course, it occupied USD 200,000 as fuel cost and a few refurbishments.
Companies are actively focusing on undergoing collaborations and long-term agreements to secure their market share. Commercial space travel is also one of the major markets that is expected to experience exponential growth, improving the rocket propulsion market opportunity. A few companies which include SpaceX and Blue Origin have initiated efforts to explore their opportunities in the commercial space travel segment.
Request a discount on standard prices of this premium report at https://www.marketstudyreport.com/check-for-discount/2419658?utm_source=openpr.com&utm_medium=Abhijeet
Other companies and government organizations are focusing on reliability and cost reduction for space exploration projects through collaborations. For instance, in April 2019, ISRO successfully conducted the PSLV-C54 lift-off from Satish Dhawan Space Centre SHAR, Sriharikota. After 17 minutes and 12 seconds of the lift-off, EMISAT successfully entered the suns synchronous polar orbit and released 28 international customer satellites into their assigned orbit. Such international collaboration reduces the cost of space travel to a larger extent.
Report Content
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.4. Scope
1.1.5. Definitions
Chapter 2. Executive Summary
2.1. Rocket Propulsion industry 360 degree synopsis, 2015 - 2027
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Type trends
Chapter 3. Rocket Propulsion Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2015 - 2027
3.4. Market evolution
Chapter 4. Competitive Landscape
4.1. Introduction
4.2. Company market share, 2018
4.3. Competitive analysis of major rocket propulsion market players, 2019
4.3.1. NASA
4.3.2. Antrix
4.3.3. Orbital ATK
4.3.4. SpaceX
4.3.5. Blue Origin
4.3.6. Safran
4.3.7. China Great Wall Industry Corporation
4.3.8. NPO Energomash
4.3.9. Lockheed Martin Corporation
4.3.10. Virgin Galactic
Chapter 5. Rocket Propulsion Market, By Type
5.1. Key trends, by type
5.2. Rocket Motor
5.2.1. Market estimates and forecast, 2015 - 2027
5.3. Rocket Engine
5.3.1. Market estimates and forecast, 2015 - 2027
Chapter 6. Rocket Propulsion Market, By Fuel Type
buying decision on this premium report https://www.marketstudyreport.com/enquiry-before-buying/2419658?utm_source=openpr.com&utm_medium=Abhijeet
Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog
About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What's driving the Rocket Propulsion Market trends? Antrix, Aerojet Rocketdyne, Mitsubishi Heavy Industries, Northrop Grumman (Orbital ATK), Safran S.A. (ArianeGroup), SpaceX, Blue Origin, China Great Wall Industry Corporation, NPO Energomash, Virgin Gala here
News-ID: 1995568 • Views: …
More Releases from marketstudyreport.com LLC
Why Thermal Management Market is Booming Worldwide | DENSO, Valeo, MAHLE, Honeyw …
Market Study Report, LLC's latest research report on Thermal Management Market, delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, Thermal Management market valuations which illustrates its growth trends and competitive landscape as well as the key players in the business.
This report studies the Thermal Management market, Thermal management is the ability to control the temperature and noise level of a system by means…
What's driving the Blockchain in Metals and Mining Market trends? IBM, Verisk, I …
Market Study Report LLC has added a new report on Blockchain in Metals and Mining market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Blockchain in Metals and Mining market in tandem with its competitive terrain.
According to this study,…
What's driving the Internet of Things in Healthcare Market trends? Apple, Cisco …
Market Study Report LLC adds new research on Internet of Things in Healthcare market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Internet of Things in Healthcare market also includes an in-depth study of the industry competitive scenario.
The Internet of Things (IoT) is the…
What's driving the Social Media Management Market trends? Adobe, IBM, Google, Or …
Market Study Report LLC adds new research on Social Media Management market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Social Media Management market also includes an in-depth study of the industry competitive scenario.
Social media management is the process of creating, scheduling, analyzing, and…
More Releases for Rocket
Rocket Hybrid Propulsion Market to Reach $2 Billion by 2031, Rocket Motor Segmen …
According to a new report published by Allied Market Research, titled, "Rocket Hybrid Propulsion Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Orbit, by Component, by Vehicle Type, by End User : Global Opportunity Analysis and Industry Forecast, 2021-2031". The research provides a current evaluation of the global market landscape, highlighting recent trends, key drivers, and the overall market environment. The study examines the main factors…
Key Influencer in the Rocket Engines Market 2025: Surge In Rocket Launches Boost …
What combination of drivers is leading to accelerated growth in the rocket engines market?
The rocket engines market is projected to expand due to the rise in rocket launches in the forecasted period. In the coming ten years, a multitude of enterprises and governmental institutions globally have proposals to launch rockets and deploy numerous satellites in large constellations in low-Earth orbit. For example, as reported by the U.S. International Trade Commission,…
Prominent Rocket and Missile Market Trend for 2025: Strategic Innovations In The …
What market dynamics are playing a key role in accelerating the growth of the rocket and missile market?
The increase in terrorist activities and geopolitical uncertainties is anticipated to propel the expansion of the rockets and missiles market. Terrorism, characterized by employing threat or violent acts to instill fear, aims to manipulate or compel a government and its citizens to advocate specific political or societal objectives. Such conflict and extreme political…
Rocket Propulsion Market
The "Rocket Propulsion Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Rocket Propulsion Market, 2024-2031
Verified Market Research's most recent report, "Rocket Propulsion Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination…
Rocket Liquid Propulsion Market Growth Outlook to 2028 - ROCKET LAB USA, Safran, …
Rocket Liquid Propulsion Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Rocket Motor, Rocket Engine); Orbit (Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO), Beyond Geosynchronous Orbit (BGEO)); End-user (Military and Government, Commercial) and Geography
A rocket may be an aircraft, a spacecraft, a missile, or some other thrust-generating vehicle. The rockets propulsion system generates thrust. Strong, liquid, and hybrid propellants are used…
Model Rocket Market Evaluation with Key Companies Estes Rockets, Madcow Rocketry …
“Model Rocket Market 2019-2026” report gives distinctive insights worldwide market competition for Model Rocket. Focusing on objectives of this report is to categorize dynamics of the market and to supply latest updates like mergers and acquisitions, numerous technological developments, new entrants within the market, that create an impression on totally different segments of the Model Rocket market.
Get Detail Sample: https://inforgrowth.com/sample-request/6337318/model-rocket-market
Top-Manufacturers of Model Rocket market
Estes Rockets, Madcow Rocketry, Custom Rocket Company,…
