What is Rocket Propulsion Market Scope?
A Rocket propulsion system is a system which generates mass for forming its high speed propulsive jet. It generates the thrust to lift or push the rocket forward into space. The rocket propulsion includes parts as tank, pump, and propellant, motor among others. These propulsion work on Newton’s third law of action and reaction in order to accelerate the gas or working fluid inside the propulsion. The growth of the rocket propulsion market can contribute to reducing mission cost and increasing space expeditions. Increasing spending on research & development will enhance the major growth of Rocket propulsion market.
The Rocket Propulsion market study is being classified by Type (Solid Propulsion, Liquid Propulsion and Hybrid Propulsion), by Application (Commercial, Military & Government Organizations, Research organization and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Rocket Propulsion market throughout the predicted period.
Aerojet Rocketdyne (United States), Orbital ATK (United States), SpaceX (United States), Antrix (India), Mitsubishi Heavy Industries (Japan), Martin Corporation (United States), MBDA, Inc. (United Kingdom), Rafael Advanced Defense Systems (Israel), Thales Group (France) and Saab AB (Sweden) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Raytheon Company (United States) and Kongsberg Gruppen (Norway).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Rocket Propulsion market by Type, Application and Region.
On the basis of geography, the market of Rocket Propulsion 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).
According to 51 United State Code § 50904, A license issued or transferred for a citizen of the United States (as defined in section 50902(1)(C) of this title) to launch a launch vehicle or to operate a launch site or reentry site, or to reenter a reentry vehicle, in the territory of a foreign country if there is an agreement between the United States Government and the government of the foreign country providing that the United States Government has jurisdiction over the launch or operation or reentry. The holder of a license or permit under this chapter may launch or reenter a payload only if the payload complies with all requirements of the laws of the United States related to launching or reentering a payload.
Influencing Market Trend
- Increasing Adoption of Advanced Liquid Propulsion Engines
- Acceptance in Reusable Launch Vehicle (RLV) Technology
- Adoption of Innovations in Space Propulsion
Market Drivers
- Increasing Focus on Reducing Mission Cost
- Growing Demand for Small Satellites Launch
- Increasing Number of Space Expeditions
Opportunities
- Increase in Research & Development in the Field of Rocket Launches
- Technological Advancement in Space Industries
- Increasing Defense Expenditure of Emerging Economies
Restraints
- Lack of Dedicated Launch Vehicles for the Launch of Small Satellites
- High Cost Involved in the Development of Missile Systems
Challenges
- Significant Investments Required for the Development of New Technologies
- Lack of Knowledge Transfer Platforms
Key Target Audience
Rocket Propulsion Manufacturers, End-Use Market Participants of Different Segments of Rocket Propulsion, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms and Others
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