6:39 AM Rocket Propulsion Market to experience an impressive growth of 10.2% during 2020-2025 |
| Rocket Propulsion Market Report: Trends, Analysis & Forecast up to 2025. Discover associated growth opportunities, market dynamics, success factors and more. Rocket propulsion market is likely to witness an impressive CAGR of 10.2% during the forecast period. Growing employment of space launch services for satellites and testing probe applications are some of the most contributing factors that are underpinning the growth of the global rocket propulsion market. In addition, the introduction of space tourism is expected to further bolster the demand for rocket propulsion in the subsequent times to come. Click here to get a Free Sample of the report (with additional insights): https://www.stratviewresearch.com/Request-Sample/588/rocket-propulsion-market.html Or Read the summary of the report here: https://www.stratviewresearch.com/588/rocket-propulsion-market.html Rocket Propulsion Market Segment Insights: By Type: The rocket engine segment is estimated to register a higher growth in the coming five years. The growth of this segment can be attributed to the rising number of launch service providers across the globe, drop in pricing for launches, and the increasing demand for reusable launch vehicles. By Propulsion Type: The hybrid propulsion segment is expected to remain dominant during the forecast period, owing to the escalating demand for transfer of heavy payloads to LEO, MEO, and GEO orbits. By Orbit Type: The LEO segment is estimated to lead the market in the coming five years. Most of the space launch services are focused on LEO, which comprises human spacecraft, small satellites, and cargo to ISS, and spacecraft engineered for space tourism programs. By Launch Vehicle Type: The unmanned segment is expected to register a higher growth during the forecast period. Mounting deployment of small satellites for military and commercial applications and the substantial rise in investments by large space establishments for the improvement of launch vehicles are the prime factors serving as a catalyst for the growth of this segment. By Component Type: The propellant segment is expected to depict the fastest growth during the forecast period, owing to the rising demand for competent and advanced thrust-generating propellants for launch vehicles. Relentless innovations in propellant compositions are anticipated to boost the growth of this segment. By End-User Type: The military & government segment remained dominant in 2018, and it is estimated to lead the market during the forecast period. Rising defense disbursements by developed and emerging economies and the need to back-up military operations and cyber operations with the employment of various types of satellites, such as remote sensing satellites, communication and surveillance satellites, and a host of others are expected to contribute to the growth of the global rocket propulsion market during the forecast period. By Region: North America was expected to remain dominant in the the rocket propulsion market in 2018. The region’s market is driven by the growing demand for space launch services for various payloads, such as satellites, human spacecraft, missions to ISS, and testing probes, which is expected to significantly contribute to the growth of the market in this region. The region is investing considerably in the advancement of space tourism and exploration and space probe missions, which is further fueling the growth of the rocket propulsion market. On the other hand, the rocket propulsion market in the Asia-Pacific region is estimated to depict the highest growth in the coming five years, sustained by the rising investments in the space launch industry. Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/588/rocket-propulsion-market.html Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. Based on the research, a proper report is crafted with the following key features:
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