Global Rocket Engines Market 2023 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | Aerojet Rocketdyne, Space X, Roscosmos, Mitsubishi Heavy Industries, Northrop Grumman

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the rocket engines market report by The Business Research Company, the increasing rocket launches are expected to drive the growth of the rocket engine market in the forecast period. Over the next decade, hundreds of corporations and government agencies around the world are planning to launch rockets and place tens of thousands of satellites in large low-Earth orbit constellations. In 2019, there were 102 orbital launch attempts worldwide, with 97 of them reaching orbit.

The global rocket engines market size will grow from $2.77 billion in 2022 to $2.71 billion in 2023 at a compound annual growth rate (CAGR) of -2.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global rocket engines market size is expected to grow to $3.17 billion in 2027 at a CAGR of 3.9%.

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Major players in the rocket engines market are Aerojet Rocketdyne, Space X, Roscosmos, Mitsubishi Heavy Industries, Northrop Grumman, Safran, China Aerospace Science, and Technology Corporation (CASC), NASA, Blue Origin, Lockheed Martin, The Boeing Company and Rocket Lab.

The Rocket Engines market is segmented -
1) By Type: Physically Powered, Chemically Powered, Electrically Powered, Thermal, Nuclear
2) By Product Type: Liquid Rocket Engine, Solid Rocket Engine
3) By Application: Spacecraft, Ballistic Missiles, Others

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A rocket engine is a component of a propulsion system that uses the combustion of reactive chemicals to supply the necessary energy to run the rocket. The rocket engine uses fuel and a source of oxygen to produce hot exhaust and accelerates the flow and produces thrust.

The Table Of Content For The Rocket Engines Market Include:
1. Executive Summary
2. Rocket Engines Market Characteristics
3. Rocket Engines Market Trends And Strategies
4. Rocket Engines Market - Macro Economic Scenario
5. Rocket Engines Market Size And Growth
……
27. Rocket Engines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rocket Engines Market
29. Rocket Engines Market Future Outlook and Potential Analysis
30. Appendix

The "Global Rocket Engines Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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