Global Rocket Propulsion Market report published by Accurize Market Research forecast that the global market is expected to reach $8 billion by 2025; growing at a CAGR of 8.8% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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Technological developments and increasing use of space launch services for satellites in various sectors to drive the growth of the market

Technological developments and increasing use of space launch services for satellites in various sectorsfuelsthe demands for the global rocket propulsion market. Furthermore, development of advanced rocket propellants and rocket propellant chemicals to offer high performance, efficiency and safety also boost the growth of the market.

Market Segmentation

The global rocket propulsion market has been bifurcated on the basis of type, propulsion type, orbit, component, launch vehicle type, end user and geography. Type segment is further segmented into rocket motor, rocket engine. Propulsion type segment can be bifurcated into solid propulsion, liquid propulsion and hybrid propulsion. Furthermore, orbit segment includes LEO, MEO, GEO and beyond GEO. Component segment is further segmented into motor casing, nozzle, igniter hardware, propellant, turbo pump and others. Launch vehicle type segment can be bifurcated into manned and unmanned. End user segment can be divided into military & government and commercial.

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By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. is covered under North America wherein Europe covers Ukraine, Russia, France, and others. Asia-Pacific covers China, India, Japan, North Korea, and others. RoW covers South America, Middle East and Africa.

Top players in the market

The key market players include AerojetRocketdyne, Mitsubishi Heavy Industries, Orbital ATK, Safran S.A., Spacex, Blue Origin, NPO Energomash, Virgin Galactic, IHI, JSC Kuznetsov and Yuzhmash, among others.