Rocket Propulsion Market By Orbit (LEO and Elliptical, GEO, MEO), By End Use (Civil and Government, Commercial, Military), By Application (Communication, Earth Observation, Navigation, Global Positioning System (GPS) and Surveillance, Technology Development and Education, Others), By Propulsion (Solid, Liquid, Hybrid): Global Opportunity Analysis and Industry Forecast, 2021-2031
Rocket propulsion is a method used to send a projectile and out space while breaking earth’s gravity. The propulsion system used in rockets generate an enormous forwards push thus lifting the rocket from ground and propelling it towards space. A rocket can be aircraft, spacecraft, missile, or a vehicle which generates thrust. Thrust is generated by propulsion system of the rocket. Rocket engines use three states of propellants: solid, liquid, and hybrid (combination of solid and liquid propellants). Solid rocket engines use solid fuels, generates high thrust, and are more reliable than other propulsion systems. However, solid rocket engines do not have the capability of restart. While liquid rocket engine uses liquid fuel, generates lots of thrust, and are more controllable than solid propellant rockets. However, liquid rocket engines have complex design and thereby having high costs. Hybrid propulsion system in rockets uses both solid & liquid fuel in two different phases. Hybrid rocket engines possess capabilities of both solid & liquid propulsion systems. The rocket propulsion system dates backs thousands of years, but the accelerated growth and technological innovations in modern rocketry began in past decade. These systems are used for several operations such as launching vehicles to space, placing artificial satellite in orbit, human space flight and space exploration.
For the purpose of analysis, the global rocket propulsion market is segmented into orbit, end-use, application, propulsion, and region. By orbit, the market is classified into LEO & Elliptical, GEO, MEO. Depending on end use, it is segregated into commercial, military, and civil and government. On the basis of application, it is fragmented into communication, earth observation, navigation, global positioning system (GPS) and surveillance, technology development and education, and others. Depending on end use, it is segregated into solid, liquid, and hybrid. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Growth drivers, restraints, and opportunities are explained in the study to better understand the market dynamics. This study further highlights key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The study features strategies adopted by key market players to maintain their foothold in the market.
Companies have adopted product development, collaboration, and long-term agreements as their key development strategies. The key players profiled in this report include Airbus, Blue Origin, Boeing, Mitsubishi Heavy Industries, Moog Inc., Northrop Grumman, Rocket Lab USA, SAFRAN S.A., SpaceX, and Virgin Galactic.
Key Benefits For Stakeholders
This study presents analytical depiction of the global rocket propulsion market analysis along with current trends and future estimations to depict imminent investment pockets.
The overall rocket propulsion market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global rocket propulsion market with a detailed impact analysis.
The current rocket propulsion market is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Orbit
LEO and Elliptical
GEO
MEO
By End Use
Civil and Government
Commercial
Military
By Application
Communication
Earth Observation
Navigation, Global Positioning System (GPS) and Surveillance
Technology Development and Education
Others
By Propulsion
Solid
Liquid
Hybrid
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
Russia
UK
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Airbus
Rocket Lab USA
Boeing Company
Spacex
Virgin Galactic
Northrop Grumman
Moog Inc.
Safran S.A.
Mitsubishi Heavy Industries
Blue Origin
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