DUBLIN--(BUSINESS WIRE)--The "Rocket Propulsion Market by Type (Rocket Motor, Rocket Engine), Orbit (LEO, MEO, GEO, Beyond GEO), Launch Vehicle Type (Manned, Unmanned), End User (Military & Government, Commercial), Propulsion Type, Component, Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The rocket propulsion market is estimated to be USD 4.23 billion in 2018 and is projected to reach USD 6.36 billion by 2023, at a CAGR of 8.50% from 2018 to 2023.
The propulsion system of a rocket used to generate thrust to lift the rocket into space is called rocket propulsion. The propulsion of a rocket includes all parts, such as tank, pump, propellant, motor, and nozzle, among others. The growth of the rocket propulsion market can be attributed to the reducing mission cost and increasing space expeditions. Increasing spending on research & development for enhanced efficiency is also a major factor fueling the growth of the market.
The hybrid propulsion segment is estimated to lead the rocket propulsion market in 2018. This growth can be attributed to the increasing adoption of advanced liquid propulsion engines and high thrust rocket motors for space launch vehicles.
The Asia Pacific region is projected to grow at the highest CAGR owing to the increasing demand for exploration activities among countries, such as India, China, and Japan. Increasing space missions are expected to fuel the growth of the rocket propulsion market in the region.
Key companies profiled in the report include SpaceX (US), Aerojet Rocketdyne (US), Orbital ATK (US), Antrix (India), and Mitsubishi Heavy Industries (Japan).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Rocket Propulsion Market, By Type
8 Rocket Propulsion Market, By Propulsion Type
9 Rocket Propulsion Market, By Orbit Type
10 Rocket Propulsion Market, By Launch Vehicle Type
11 Rocket Propulsion Market, By Component
12 Rocket Propulsion Market, By End User
13 Regional Analysis
14 Competitive Landscape
15 Company Profiles
- Aerojet Rocketdyne
- Orbital ATK
- Mitsubishi Heavy Industries
- Safran S.A.
- Blue Origin
- NPO Energomash
- Virgin Galactic
- JSC Kuznetsov
- Rocket Lab
For more information about this report visit https://www.researchandmarkets.com/research/9hmljl/rocket_propulsion?w=4