Rocket Propulsion System Market 2020 Regional Trends, Revenue, Forecast Analysis to 2027
Category: #business  By Ronak Bora  Date: 2020-01-17
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Rocket Propulsion System Market 2020 Regional Trends, Revenue, Forecast Analysis to 2027

Key manufacturers in the rocket propulsion system market are focusing on developing new age technologies in order to increase reliability, minimizing failures and to reduce costs. For instance, renowned aerospace companies, Blue Origin and SpaceX recently demonstrated their capabilities of reusable rockets, which considerably reduced the operational cost. Both the companies are investing a major chunk of their profits to further reduce manufacturing cost by adopting additive manufacturing processes.  

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Rise in space exploration activities, extension of defense budgets by various nations, and heightened launch of mini and micro satellites to LEO (Low Earth Orbit) are some of the key factors driving rocket propulsion system market outlook. Alongside, rising government spending on earth imagery and atmosphere observation missions are also positively impacting the industry growth.

The key manufacturers in rocket propulsion system industry are focusing on technological advancements of these systems. Introduction of re-usable rockets, green propellants, and electric propulsion systems are among the noteworthy progress being achieved in the rocket propulsion system arena, which are likely to supplement industry share in the coming years. Rocket propulsion system market is forecast to cross the USD 6 billion mark by 2027.

The demand for a robust telecommunication network is prompting commercial organizations to spend heavily on the launch of micro and mini satellites, which is expected to boost rocket propulsion system market growth. In addition, concerted efforts of governments and industry participants in space exploration projects in the form of strategic collaborations and long-term contracts is expected to support business expansion.

The governments of major economic powers, such as the U.S. are spending heavily on R&D activities to improve indigenous manufacturing capabilities. Apart from developed countries, emerging economies of Asia Pacific region are also exhibiting remarkable interest in space exploration and atmosphere observation activities, which is being largely supported by government bodies. A number of satellite-focused startups in India and China, as high as 20, were funded by government bodies, as well as venture capitalist in 2018. A slew of other initiatives, such as liberalization of foreign investment policies coupled with growing spending on space sector by the government of India are likely to trigger market growth.

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Commercial space travel segment, of late, has evolved as an active area of the space sector. With industry behemoths, such as Blue Origin and SpaceX directing formidable efforts towards exploration of opportunities in commercial space travel, the demand for rocket propulsion systems has witnessed a significant high. These companies are actively working towards achieving economies in cost of launch, reliability in propulsion systems, and improvements in other key parameters. The aforesaid has resulted in groundbreaking innovations within the rocket propulsion system business sphere, such as the introduction of electric propulsion systems and reusable rocket.

Some Points From Table Of Content: -

Chapter 5. Rocket Propulsion System Market, By Type

5.1. Key trends, by type

5.2. Rocket Motor

5.2.1. Market estimates and forecast, 2015 – 2027

5.3. Rocket Engine

5.3.1. Market estimates and forecast, 2015 – 2027

Chapter 6. Rocket Propulsion System Market, By Fuel Type

6.1. Key trends, by type

6.2. Solid Fuel

6.2.1. Market estimates and forecast, 2015 – 2027

6.3. Liquid Fuel

6.3.1. Market estimates and forecast, 2015 – 2027

6.4. Hybrid Fuel

6.4.1. Market estimates and forecast, 2015 – 2027

Chapter 7. Rocket Propulsion Market, By Orbit Type

7.1. Key trends, by orbit type

7.2. Low Earth Orbit (LEO)

7.2.1. Market estimates and forecast, 2015 – 2027

7.3. Medium Earth Orbit (MEO)

7.3.1. Market estimates and forecast, 2015 – 2027

7.4. Geostationary Earth Orbit (GEO)

7.4.1. Market estimates and forecast, 2015 – 2027

7.5. Beyond Geosynchronous Orbit (BGEO)

7.5.1. Market estimates and forecast, 2015 – 2027

Chapter 8. Rocket Propulsion System Market, By Vehicle Type

8.1. Key trends, by vehicle type

8.2. Unmanned

8.2.1. Market estimates and forecast, 2015 – 2027

8.3. Manned

8.3.1. Market estimates and forecast, 2015 – 2027

Browse Complete Table of Content @ http://decresearch.com/toc/detail/rocket-propulsion-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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