Global Off the Advanced Rocket & Missile Propulsion System Market Overview:
According to MarkNtel Advisors study the Global Advanced Rockets & Missiles Propulsion System Market is projected to grow at a CAGR of around 9% during the forecast period, i.e., 2021-26. The growth of the market is likely to be driven primarily by the rapidly increasing geopolitical tensions worldwide compelling governments of different countries to increase their defense budgets & invest substantially in procuring advanced rockets & missiles to enhance their national security. It, in turn, is positively influencing the demand for propulsion systems for advanced rockets & missiles and generating growth opportunities for the leading players in the global market.
Key Findings of the Study: Advanced Rocket & Missile Propulsion System market
Key Driver & Opportunity: Space Explorations & Innovations in Propulsion Systems
Massive investments & various initiatives by the governments of different countries worldwide for several space exploration projects, growing research & development initiatives to enhance the space expeditions, higher efficiency of propulsion systems, and surging commercial applications of the space industry are the key aspects projected to drive the Global Advanced Rocket & Missile Propulsion System Market during 2021-26.
Besides, a swiftly escalating participation of several prominent players & government associations in the market for the development and demonstration of reusable rockets technology to reduce the cost of every launch shall further boost the market in the years to come.
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Scope of the Off the Advanced Rocket & Missile Propulsion System Market Report Segmentation
-By Component
- Propellant
- Nozzle
- Turbopump
- Valve
- Motor Casing
- Combustion Chamber
- Igniter
- Others
-By Propulsion Type
- Liquid Propulsion Engine
- Solid Propulsion Rocket Motor
- Hybrid Propulsion Engine
- Air breathing Propulsion Engine
-By Application
- Rockets
- Missiles
- Space Launch Vehicle
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Geographical analysis:
-By Region
- North America
- Europe
- Middle East & Africa
- Asia-Pacific
Recent Developments by Leading Companies
In December 2019, market leader Aerojet Rocketdyne unveiled that it’s working on the Hall thruster for the Gateway, a proposed space station in lunar orbit.
Current Landscape of Off the Advanced Rocket & Missile Propulsion System Market
The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Off the Advanced Rocket & Missile Propulsion System market. The research report profiles major players, including
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- Aerojet Rocketdyne
- Ariane Group
- Blue Origin
- NPO Energomash
- Safran S.A
- Avio S.p.A
- Northrop Grumman Corporation
- Space Exploration Technologies Corporation (SpaceX)
- Mitsubishi Heavy Industries
- Airbus S.A.S.
- IHI Corporation
- Lockheed Martin Corporation
- Moog Inc.
- OHB SE
- Thales Group
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