Global Advanced Rocket & Missile Propulsion System Market Research Report: Forecast (2021-2026)

By Component (Propellant, Nozzle, Turbopump, Valve, Motor Casing, Combustion Chamber, Igniter, Others), By Propulsion Type (Liquid Propulsion Engine, Solid Propulsion Rocket Motor, Hybrid Propulsion E... ... Hybrid Propulsion Engine, Air breathing Propulsion Engine), By Application (Rockets, Missiles, Space Launch Vehicle), By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa), By Country (US, Canada, Russia, China, India, Japan, Israel, Iran), By Company (Aerojet Rocketdyne, Ariane Group, Blue Origin, NPO Energomash, Safran S.A, Avio S.p.A, Northrop Grumman Corporation, Space Exploration Technologies Corporation (SpaceX), Mitsubishi Heavy Industries, Airbus S.A.S., IHI Corporation, Lockheed Martin Corporation, Moog Inc., OHB SE, Thales Group, etc.) Read more

  • Aerospace & Defense
  • Jan 2021
  • 212
  • PDF, Excel, PPT

Market Definition

Rockets & Missiles are weapons used mainly by the defense forces of different countries for space exploration activities and to keep their national security intact. These systems also carry explosive warheads to the targets with the help of rocket propulsion.

The propulsion systems in these rockets & missiles have the core function of producing thrust, enabling the vehicle launch. The entire propulsion system includes rockets, scramjets & ramjets, turbojets, & turbofans. With a swiftly increasing number of space exploration projects & rising procurement of rockets & missiles, the need for propulsion systems is substantially soaring worldwide.

Market Insights

The Global Advanced Rockets & Missiles Propulsion System Market is projected to grow at a CAGR of around 9% during the forecast period, i.e., 2021-26. The growth of the market is likely to be driven primarily by the rapidly increasing geopolitical tensions worldwide compelling governments of different countries to increase their defense budgets & invest substantially in procuring advanced rockets & missiles to enhance their national security. It, in turn, is positively influencing the demand for propulsion systems for advanced rockets & missiles and generating growth opportunities for the leading players in the global market.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR(2021-26) 9%
Regions Covered North America: USA, Canada
Europe: Russia
Asia-Pacific: China, India, Japan,
Middle East & Africa: Israel, Iran
Key Companies Profiled Aerojet Rocketdyne, Ariane Group, Blue Origin, NPO Energomash, Safran S.A, Avio S.p.A, Northrop Grumman Corporation, Space Exploration Technologies Corporation (SpaceX), Mitsubishi Heavy Industries, Airbus S.A.S., IHI Corporation, Lockheed Martin Corporation, Moog Inc., OHB SE, Thales Group, etc.
Unit Denominations USD Million/Billion

 

Besides, constant technological advancements in propulsion systems are also driving the market. These breakthrough technologies, including innovations in the liquid & propellants or a mixture of both in rockets & missiles, are likely to instigate space exploration & launch activities and, as a result, enable rapid market expansion.

However, substantial costs associated with developments in rocket & missile propulsion systems and lack of reliable & efficient micro-propulsion systems are a few crucial aspects that might act as growth restraints for the Global Advanced Rocket & Missile Propulsion System Market during 2021-26.

Impact of Covid-19 on the Global Advanced Rockets & Missiles Propulsion System Market

With the advent of Covid-19 in 2020, several industries worldwide observed a decelerating effect, and the Global Advanced Rocket & Missiles Propulsion System Market was no exception. Since the advent of the global crisis, the defense industry has observed unprecedented challenges, where several countries cut short their defense budgets to address critical issues associated with the dreadful disease & curb its spread.

While the governments of most countries imposed stringent movement restrictions & lockdowns, a majority of manufacturing industries had to shut their operations. Additionally, reduced funding, severely disrupted supply chain of raw materials, delayed deliveries of pre-produced goods, and a temporary halt on several R&Ds in testing rockets & missile technologies were the new challenges introduced to the market. Besides, the funding toward the defense industry was also affected since most countries were focused on restraining the spread of the virus & strengthening the healthcare infrastructure.

However, with the gradual improvement in the pandemic situation displaying a swiftly reducing number of cases, the governments uplifted the restrictions since 2021 and allowed the recommencement of business operations. As a result, the market revived with a flowing supply chain & resumed research & development activities. Moreover, several leading players in the market are immensely investing in introducing new technologies, which would enable the market to regain its usual pace & recover from financial loss over the forecast years.

 

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Advanced Rocket & Missile Propulsion System Market
  5. Global Advanced Rocket & Missile Propulsion System Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Component
        1. Propellant
        2. Nozzle
        3. Turbopump
        4. Valve
        5. Motor Casing
        6. Combustion Chamber
        7. Igniter
        8. Others
      2. By Propulsion Type
        1. Liquid Propulsion Engine
        2. Solid Propulsion Rocket Motor
        3. Hybrid Propulsion Engine
        4. Air breathing Propulsion Engine
      3. By Application
        1. Rockets
        2. Missiles
        3. Space Launch Vehicle
      4. By Region
        1. North America
        2. Europe
        3. Middle East & Africa
        4. Asia-Pacific
      5. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Metrix
  6. North America Advanced Rocket & Missile Propulsion System Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Propulsion Type
      3. By Application
      4. By Country
        1. The US
        2. Canada
        3. Others
    3. The US Advanced Rocket & Missile Propulsion System Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Propulsion Type
        3. By Application
    4. Canada Advanced Rocket & Missile Propulsion System Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Propulsion Type
        3. By Application
  7. Europe Advanced Rocket & Missile Propulsion System Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Propulsion Type
      3. By Application
      4. By Country
        1. Russia
        2. Others
    3. Russia Advanced Rocket & Missile Propulsion System Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Propulsion Type
        3. By Application
  8. Middle East & Africa Advanced Rocket & Missile Propulsion System Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Propulsion Type
      3. By Application
      4. By Country
        1. Iran
        2. Israel
        3. Others
    3. Iran Advanced Rocket & Missile Propulsion System Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Propulsion Type
        3. By Application
    4. Israel Advanced Rocket & Missile Propulsion System Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Propulsion Type
        3. By Application
  9. Asia-Pacific Advanced Rocket & Missile Propulsion System Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Propulsion Type
      3. By Application
      4. By Country
        1. China
        2. India
        3. Japan
        4. Others
    3. China Advanced Rocket & Missile Propulsion System Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Propulsion Type
        3. By Application
    4. India Advanced Rocket & Missile Propulsion System Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Propulsion Type
        3. By Application
    5. Japan Advanced Rocket & Missile Propulsion System Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Propulsion Type
        3. By Application
  10. Global Advanced Rocket & Missile Propulsion System Government Regulations and Policies
  11. Global Advanced Rocket & Missile Propulsion System Value Chain Analysis
  12. Global Advanced Rocket & Missile Propulsion System Market Trends & Insights
  13. Global Advanced Rocket & Missile Propulsion System Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  14. Global Advanced Rocket & Missile Propulsion System Market Hotspot & Opportunities
  15. Global Advanced Rocket & Missile Propulsion System Market Key Strategic Imperatives for Success & Growth
  16. Competition Outlook
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring- Mergers, Acquisitions, JVs
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Aerojet Rocketdyne
      2. Ariane Group
      3. Blue Origin
      4. NPO Energomash
      5. Safran S.A
      6. Avio S.p.A
      7. Northrop Grumman Corporation
      8. Space Exploration Technologies Corporation (SpaceX)
      9. Mitsubishi Heavy Industries
      10. Airbus S.A.S.
      11. IHI Corporation
      12. Lockheed Martin Corporation
      13. Moog Inc.
      14. OHB SE
      15. Thales Group
  17. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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