Global Rocket Propulsion Market
Global Rocket Propulsion Market was valued US$ 3.73 Bn in 2018 and is expected to reach 7.20 Bn by 2026, at a CAGR of 9.83 % during a forecast period.
Growing usage of space launch services for satellites and testing probes applications is one of the momentous factors driving the growth of the global rocket propulsion market. Additionally, the introduction of space tourism is expected to increase the demand for rocket propulsion.High investments for the development of new technologies is one of the key challenge to the growth of the global rocket propulsion market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global rocket propulsion market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global rocket propulsion market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
The rocket engine segment is projected to grow at a high rate of CAGR during the forecast period. The growth of the rocket engine segment is attributed to the growing the number of launch service providers across the globe, reduction in rating for launches, and the increasing demand for reusable launch vehicles.
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Last Update : 08 July 2020
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