Global Sounding Rocket Market Growth 2023-2029

Global Sounding Rocket Market Growth 2023-2029

Unlike a satellite launch vehicle, a sounding rocket performs an observation mission during its flight in space before impact. It usually comprises one or two stages. When the experiment is completed, the rocket dives into the sea along with its observation instruments.
LPI (LP Information)' newest research report, the “Sounding Rocket Industry Forecast” looks at past sales and reviews total world Sounding Rocket sales in 2022, providing a comprehensive analysis by region and market sector of projected Sounding Rocket sales for 2023 through 2029. With Sounding Rocket sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Sounding Rocket industry.
This Insight Report provides a comprehensive analysis of the global Sounding Rocket landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Sounding Rocket portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Sounding Rocket market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sounding Rocket and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Sounding Rocket.
The global Sounding Rocket market size is projected to grow from US$ 96.6 million in 2022 to US$ 187.7 million in 2029; it is expected to grow at a CAGR of 187.7 from 2023 to 2029.
The world's core manufacturers of sounding rockets include Magellan Aerospace. The largest manufacturer has a market share of about 50%. North America is the world's largest market, accounting for approximately 77% of the market share, followed by Asia Pacific and Europe, accounting for 13% and 10%, respectively. In the sounding rocket market, multi-stage sounding rockets and first-stage sounding rockets account for 65% and 35%, respectively. Among them, the most applications are geospatial science and education, accounting for 55% and 16% respectively.
This report presents a comprehensive overview, market shares, and growth opportunities of Sounding Rocket market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
One Stage Sounding Rocket
Multistage Sounding Rocket
Segmentation by application
Geospace Science
Education
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Magellan Aerospace
Northrop Grumman
Shaanxi Zhongtian Rocket Technology
IHI Aerospace
ISRO
Space Vector
Instituto de Aeronáutica e Espaço
Interstellar Technologies
Airbus
Key Questions Addressed in this Report
What is the 10-year outlook for the global Sounding Rocket market?
What factors are driving Sounding Rocket market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Sounding Rocket market opportunities vary by end market size?
How does Sounding Rocket break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.