The Global Advanced Rocket and Missile Propulsion Systems Market to Reach $11.46bn by 2025

"The global advanced rocket and missile propulsion systems market is projected to reach $11.46 billion by 2025, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 9.65% during the period between 2020 and 2025.

The comprehensive study of the global advanced rocket and missile propulsion systems market, extensively covers the following:

  • Detailed insights about advanced rocket and missile propulsion systems including propulsion type, application and components.
  • Country-level details on advanced rocket and missile propulsion systems programs.
  • Detailed analysis of advanced rocket and missile propulsion systems for different applications.
  • Company profiling for 15 companies
  • Detailed global and regional market analysis.

Besides these parameters, the study also encompasses the market growth drivers, opportunities, market restraining factors, competition mapping, and segmental analysis.

This study indicates that the advancement in the field of cost-effective reusable rockets, rising defense budget for military modernization plans, increasing private investments by emerging players in the industry, and increasing need for better communication and connectivity are fueling the growth of the market.

The study highlights the various emerging opportunities, such as growth in emerging nations and the utilization of advanced rocket and missile propulsion systems in different nations.

The market intelligence additionally throws a spotlight on the key industry trends that have a humungous influence in shaping the industry going forward. Some of these trends include the advancement of reusable rockets, airbreathing propulsion engine, 3D printing technology and insensitive munition capabilites, and several other key trends.

To gain a holistic view of the market, data from different segments of the market has been analyzed minutely. These segments include application, propulsion type, and components. Each of these segments is further categorized into sub-segments to compile an in-depth study.

Haidar Ali, Lead Analyst, states, "The change in dynamics of the industry including advancements in low-cost reusable rockets and 3D printing will propel the market of advanced rocket and missile propulsion systems in future”.

Key insights are drawn from in-depth interviews with the key opinion leaders of more than 15 leading companies, market participants, and vendors. The key players profiled in the report include Aerojet Rocketdyne, Airbus S.A.S, Ariane Group, Avio S.p.A, Blue Origin, IHI Corporation, Mitsubishi Heavy Industries, NPO Energomash, Northrop Grumman Corporation, OHB SE, Safran, SpaceX, Thales Group, Lockheed Martin Corporation, and Moog Inc.

Who should buy this report?

  • Space Agencies
  • Defense original equipment manufacturers (OEMs)
  • Companies involved in providing components for hardware and software systems of space launch vehicles and satellites.
  • Defense and security organizations including government research agencies, associations, think tanks, and independent institutes
  • Venture capitalists/investors who are interested in understanding the business of companies entering the rockets and missile propulsion systems market

How can the market intelligence on advanced rocket and missile propulsion systems add value to an organization’s decision-making process?

  • Aids in product development
  • Helps in targeting a segment for launching a new product
  • Offers go to market strategies for the different propulsion type
  • Supports in diversifying the product portfolio basis risk and progression of technology
  • Helps in analyzing technological substitutes and compare the specification
  • Aids in understanding the end-user requirement
  • Assists in exploring the newer application
  • Supports in analyzing the competitors’ funding scenario

Insightful Questions Covered to Enable Companies to Take Strategic Decisions

  • What are the trends in the global advanced rocket and missile propulsion systems market across different regions?
  • What are the major driving forces that tend to increase the demand for advanced rocket and missile propulsion systems during the forecast period 2020-2025?
  • What are the major restraints inhibiting the growth of the global advanced rocket and missile propulsion systems market?
  • What was the total revenue generated in the global advanced rocket and missile propulsion systems market by different application in 2019 and, what is the estimated revenue for the forecast period?
  • What was the total revenue generated in the global advanced rocket and missile propulsion systems market (by propulsion type) in 2019, and what is the estimated revenue for the forecast period?
  • What was the total revenue generated in the global advanced rocket and missile propulsion systems market (by component) in 2019, and what is the estimated revenue for the forecast period?
  • What was the total revenue generated by the global advanced rocket and missile propulsion systems market across different regions (North America, Europe, Asia-Pacific, and Middle East) in 2019, and what are the estimates for 2025?
  • Who are the key players in the global advanced rocket and missile propulsion systems market, and what are the new strategies adopted by them to make a mark in the industry?
  • What major opportunities do the rocket and missile propulsion systems companies foresee in the next five years?"

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Source: ASDReports - Market Research
Date: Jan 20, 2021