Rocket Propulsion Market Study 2022: An Emerging Hint of Business Opportunity and Trend Forecast to 2027
Stratview Research, a global market research firm announces the release of the report titled – Rocket Propulsion Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
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According to this report, the global Rocket Propulsion Market is estimated to growth at a healthy CAGR of 5% by 2027.
Market Segments Analysis
The market researchers have studied the Rocket Propulsion Market minutely for better understanding. The report consists of segment-wise details to assist the users in making suitable decisions for better growth opportunities. Below is the short piece of information -
Key Players
Antrix Corporation Limited,
Aerojet Rocketdyne,
Mitsubishi Heavy Industries,
NPO Energomash,
Orbital ATK,
Rocket Lab,
Safran S.A.,
Safran Exploration Technologies Corp.,
Virgin Galactic.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Rocket Propulsion Market value and growth drivers over the trend period of 2022-27. According to the report -
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.
Segment Analysis:
Based on 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.
Based on 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.
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What else are available in this report?
The answer lies in the TOC and other details. Take a sneak-peek into the TOCs of this report.
- Report Scope
- Report Objectives
- Research Methodology
- Market Segmentation
- Secondary Research
- Primary Research
- Breakdown of Primary Interviews by Region, Designation, and Value Chain
- Data Analysis and Triangulation
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About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
