Rocket Hybrid Propulsion Market By Type (Rocket Motor, Rocket Engine), By Orbit (Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO), Beyond Geosynchronous Orbit (BGEO)), By Component (Motor Casing, Nozzle, Igniter Hardware, Turbo Pump, Propellant, Others), By Vehicle Type (Manned, Unmanned), By End User (Military and Government, Commercial): Global Opportunity Analysis and Industry Forecast, 2021-2031
Rocket hybrid propulsion is a method used to send a projectile into outer space while breaking earth’s gravity. The propulsion system used in rockets generates an enormous forward push thus lifting the rocket from the ground and propelling it toward space. Hybrid rocket engines possess capabilities of both solid & liquid propulsion systems. These systems are used for several operations such as various space activities such as microsatellites, lunar & planetary landers, and suborbital, & orbital tourism vehicles. The goal of rocket hybrid propulsion is to improve the performance, storability, non-toxicity & safety of rocket propellants. Countries such as the U.S., China, and India are looking forward to strengthening their space exploration to further increase government spending. For instance, the China National Space Administration (CNSA) had $11,000 million, and National Aeronautics and Space Administration (NASA) had $19,500 million as the government budget for the space industry in 2019.
The factors such as an increase in number of space explorations, rise in commercial applications of the space industry, and high efficiency & technological advancements in rocket propulsion supplement the growth of the rocket hybrid propulsion market across the globe. However, the lack of measures for the disposal of orbital debris and political insurgencies between nations are the factors that hamper the growth of the hybrid rocket propulsion market across the globe. In addition, advances in rocket propulsion, and cost-effective spacecraft launches create numerous opportunities for the key players operating in the rocket hybrid propulsion industry to develop advanced technologies, which creates a wider scope for the growth of the market across the globe.
For the purpose of analysis, the global rocket hybrid propulsion market is segmented on the basis of type, orbit, component, vehicle type, end-user, and region. By type, the market is divided into rocket engine, and rocket motor. By orbit, it is fragmented into low earth orbit (LEO), medium earth orbit (MEO), geostationary earth orbit (GEO), and beyond geosynchronous orbit (BGEO). By component, it is categorized into motor casing, nozzle, igniter hardware, turbopump, propellant, and others. By vehicle type, a rocket hybrid propulsion can be manned and unmanned type.
By end-user, it is further classified into military and commercial. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The leading players operating in the hybrid rocket propulsion market are China Aerospace Science and Technology Corporation, Environmental Aeroscience Corporation, ISRO, HyPrSpace, Nammo AS, Northrop Grumman, Raytheon Technologies Corporation, Virgin Galactic, HyImpulse, and Pulsar Fusion.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the rocket hybrid propulsion market analysis from 2021 to 2031 to identify the prevailing rocket hybrid propulsion market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the rocket hybrid propulsion market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global rocket hybrid propulsion market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Rocket Motor
Rocket Engine
By Orbit
Low Earth Orbit (LEO)
Medium Earth Orbit (MEO)
Geostationary Earth Orbit (GEO)
Beyond Geosynchronous Orbit (BGEO)
By Component
Motor Casing
Nozzle
Igniter Hardware
Turbo Pump
Propellant
Others
By Vehicle Type
Manned
Unmanned
By End User
Military and Government
Commercial
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
China Aerospace Science and Technology Corporation
Environmental Aeroscience Corporation
HyPrSpace
Nammo AS
Raytheon Technologies Corporation
Virgin Galactic
HyImpulse
ISRO
Northrop Grumman
PULSAR FUSION
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