Global Rocket Engine Market Overview:
Rocket Engine is a jet engine that is self-contained by the aircraft and does not use outside air. The energy is converted into the kinetic energy of the working medium in the rocket engine, and the high-speed jet is discharged to generate thrust. The rocket engine can work in a space outside the dense atmosphere. Compared to other types of jet engines, rocket engines are the lightest and have the highest thrust, but are the least propellant-efficient. Some of the players profiled in the study are SpaceX (United States), Aerojet Rocketdyne (United States), Orbital ATK (United States), Antrix (India), Mitsubishi Heavy Industries (Japan), Airbus Defence and Space (Germany), Bell Aircraft (United States), China Academy of Launch Vehicle Technology (China), GE Aerospace (United States) and RD Amross (United States).
On the basis of geography, the market of Rocket Engine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Military & Government will boost the Rocket Engine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Focus on Reducing Mission Cost
- High Efficiency and Technological Advancements in Rocket Engine
Influencing Trend
- Increasing Number of Space Expeditions
- Significant Investments By Venture Capital Companies Leading to Rise in Space Exploration Missions
Restraints
- Lack of Dedicated Launch Vehicles for the Launch of Small Satellites
Opportunities
- Increase in Research & Development
- Technological Upgradation in Space Industry Leading to Low Cost of Spacecraft Launches
Challenges
- Significant Investments Required for the Development of New Technologies
- Lack of Knowledge Transfer Platforms
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Target Audience:
Manufactures, Distributors, Government Regulatory Bodies, Government and Private Research Organizations and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Rocket Engine market on the basis of product [Physically Powered, Chemically Powered, Electrically Powered, Thermal and Nuclear] , application [Spacecraft and Ballistic Missiles], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Rocket Engine market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Rocket Engine industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Rockwell International (United States), The Spaceship Company (United States) and Lockheed Martin (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Rocket Engine market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.