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Rocket Propulsion Market by Type (Rocket Motor, Rocket Engine), Orbit (LEO, MEO, GEO, Beyond GEO), Launch Vehicle Type (Manned, Unmanned), End User (Military & Government, Commercial), Propulsion Type, Component, Region - Global Forecast to 2023

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    Report

  • 142 Pages
  • August 2018
  • Region: Global
  • Markets and Markets
  • ID: 4616534
Description Jump to:

Rocket propulsion market projected to grow at a CAGR of 8.50% during the forecast period

The rocket propulsion market is estimated to be USD 4.23 billion in 2018 and is projected to reach USD 6.36 billion by 2023, at a CAGR of 8.50% from 2018 to 2023. The propulsion system of a rocket used to generate thrust to lift the rocket into space is called rocket propulsion. The propulsion of a rocket includes all parts, such as tank, pump, propellant, motor, and nozzle, among others. The growth of the rocket propulsion market can be attributed to the reducing mission cost and increasing space expeditions. Increasing spending on research & development for enhanced efficiency is also a major factor fueling the growth of the market.

Based on propulsion type, the hybrid propulsion segment is estimated to lead the rocket propulsion market in 2018

The hybrid propulsion segment is estimated to lead the rocket propulsion market in 2018. This growth can be attributed to the increasing adoption of advanced liquid propulsion engines and high thrust rocket motors for space launch vehicles.

Asia Pacific region is anticipated to grow at the highest CAGR during the forecast period

The Asia Pacific region is projected to grow at the highest CAGR owing to the increasing demand for exploration activities among countries, such as India, China, and Japan. Increasing space missions are expected to fuel the growth of the rocket propulsion market in the region.

  • By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
  • By Designation: C Level – 35%, Director Level – 25%, and Others – 40%
  • By Region: North America – 40%, Europe – 20%, Asia Pacific – 10%, and RoW – 30%

Research Coverage

The rocket propulsion market has been segmented on the basis of type, propulsion type, orbit, launch vehicle type, end user, component, and region. These segments and subsegments are mapped across major regions, namely, North America, Europe, Asia Pacific, and the Middle East. The report provides in-depth market intelligence regarding key market dynamics and major factors (drivers, restraints, opportunities, and industry-specific challenges) that influence the growth of the rocket propulsion market, in addition to an analysis of micromarkets with respect to individual growth trends, prospects, and their contribution to the rocket propulsion market.

Reasons to Buy the Report:

From an insight perspective, the rocket propulsion market report focuses on various levels of analyses — industry analysis; market share analysis of top players; company profiles that comprise and discuss basic views on the competitive landscape; high-growth regions and countries as well as their respective regulatory policies; and drivers, restraints, opportunities, and challenges.

The rocket propulsion market report provides insights on the following pointers:

  • Market Penetration: Comprehensive information regarding the competitive landscape in the rocket propulsion market
  • Market Sizing: Market size in the financial year 2016-2017 and projection of the market size from 2018 to 2023
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the rocket propulsion market
  • Market Overview: Market dynamics and subsequent analysis of associated trends, drivers, and opportunities prevailing in the rocket propulsion market
  • Market Development: Comprehensive information about lucrative markets—the report analyzes the market for rocket propulsion across various regions worldwide
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the rocket propulsion market
  • Regional Analysis: Factors influencing market shares of North America, Europe, Asia Pacific, and the Middle East
  • Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading market players

Table of Contents

1 Introduction2 Research Methodology3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Rocket Propulsion Market
4.2 Rocket Propulsion Market, By Type
4.3 Asia Pacific: Rocket Propulsion Market, By End User
4.4 Europe: Rocket Propulsion Market, By Propulsion Type
4.5 Rocket Propulsion Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Focus on Reducing Mission Cost
5.2.1.2 High Efficiency and Technological Advancements in Rocket Propulsion
5.2.1.3 Increasing Number of Space Expeditions
5.2.1.4 Significant Investments By Venture Capital Companies Leading to Rise in Space Exploration Missions
5.2.2 Restraints
5.2.2.1 Lack of Dedicated Launch Vehicles for the Launch of Small Satellites
5.2.2.2 Lack of Measures for the Disposal of Orbital Debris
5.2.3 Opportunities
5.2.3.1 Increase in Research & Development
5.2.3.2 Technological Upgradation in Space Industry Leading to Low Cost of Spacecraft Launches
5.2.4 Challenges
5.2.4.1 Significant Investments Required for the Development of New Technologies
5.2.4.2 Scarce Intellectual Assets in Many Countries Hindering Expansion of the Rocket Propulsion Market
5.2.4.3 Lack of Knowledge Transfer Platforms
6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Developments in Launcher Recoverability
6.2.2 Improvements in Propellant Technologies
6.2.3 Upper Stage and Spacecraft Orbit Raising Technologies
6.2.4 Technological Innovations Required for Recovery
6.3 Emerging Trends
6.3.1 Reuseable Launch Vehicles
6.3.2 Development of Dedicated Launch Vehicles for Small Satellites
6.3.3 Space Debris Removal
6.3.4 Innovations in Space Propulsion
6.3.5 Innovations & Patent Registrations
7 Rocket Propulsion Market, By Type
7.1 Introduction
7.2 Rocket Motor
7.3 Rocket Engine
8 Rocket Propulsion Market, By Propulsion Type
8.1 Introduction
8.2 Solid Propulsion
8.3 Liquid Propulsion
8.4 Hybrid Propulsion
9 Rocket Propulsion Market, By Orbit Type
9.1 Introduction
9.2 Low Earth Orbit (LEO)
9.3 Medium Earth Orbit (MEO)
9.4 Geostationary Earth Orbit (GEO)
9.5 Beyond Geosynchronous Orbit (BGEO)
10 Rocket Propulsion Market, By Launch Vehicle Type
10.1 Introduction
10.2 Unmanned
10.2.1 Small Lift Launch Vehicles (<350,000kg)
10.2.2 Medium to Heavy Vehicles (>350,000 Kg)
10.3 Manned
10.3.1 Space Capsule
11 Rocket Propulsion Market, By Component
11.1 Introduction
11.2 Motor Casing
11.3 Nozzle
11.4 Igniter Hardware
11.5 Vavle
11.6 Turbo Pump
11.7 Combustion Chamber
11.8 Propellant
11.9 Others
12 Rocket Propulsion Market, By End User
12.1 Introduction
12.2 Commercial
12.3 Military & Government
13 Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 US
13.3 Europe
13.3.1 France
13.3.2 Russia
13.3.3 Ukraine
13.4 Asia Pacific
13.4.1 China
13.4.2 India
13.4.3 Japan
13.4.4 North Korea
13.5 Middle East
13.5.1 Iran
14 Competitive Landscape
14.1 Introduction
14.2 Market Ranking Analysis
14.3 Competitive Scenario
14.3.1 Contracts
14.3.2 Agreements, Partnerships, Expansions, and Acquisitions
15 Company Profiles
15.1 Introduction
15.2 Antrix
15.2.1 Business Overview
15.2.2 Product/Service Offerings
15.2.3 Recent Developments
15.2.4 SWOT Analysis
15.2.5 MnM View
15.3 Aerojet Rocketdyne
15.3.1 Business Overview
15.3.2 Products Offered
15.3.3 Recent Developments
15.4 Mitsubishi Heavy Industries
15.4.1 Business Overview
15.4.2 Product/Service Offerings
15.4.3 Recent Developments
15.4.4 SWOT Analysis
15.4.5 MnM View
15.5 Orbital ATK
15.5.1 Business Overview
15.5.2 Product/Service Offerings
15.5.3 Recent Developments
15.5.4 SWOT Analysis
15.5.5 MnM View
15.6 Safran S.A.
15.6.1 Business Overview
15.6.2 Products Offered
15.6.3 Recent Developments
15.6.4 SWOT Analysis
15.6.5 MnM View
15.7 Spacex
15.7.1 Business Overview
15.7.2 Product/Service Offerings
15.7.3 Recent Developments
15.7.4 MnM View
15.8 Blue Origin
15.8.1 Business Overview
15.8.2 Product/Service Offerings
15.8.3 Recent Developments
15.8.4 MnM View
15.8.5 China Great Wall Industry Corporation
15.8.6 Business Overview
15.8.7 Product/Service Offerings
15.8.8 Recent Developments
15.8.9 MnM View
15.9 NPO Energomash
15.9.1 Business Overview
15.9.2 Product/Service Offerings
15.9.3 Recent Developments
15.10 Virgin Galactic
15.10.1 Business Overview
15.10.2 Products Offered
15.11 IHI
15.11.1 Business Overview
15.11.2 Product/Service Offerings
15.11.3 Recent Developments
15.12 JSC Kuznetsov
15.12.1 Business Overview
15.12.2 Product/Service Offerings
15.12.3 Recent Developments
15.13 Yuzhmash
15.13.1 Business Overview
15.13.2 Products Offered
15.13.3 Recent Developments
15.14 Rocket Lab
15.14.1 Business Overview
15.14.2 Product/Service Offerings
15.14.3 Recent Developments
16 Appendix
List of Tables and Figures
Table 1 Orbital Launches By Top 5 Launch Vehicle Families, 2015 to 2017
Table 2 Innovations & Patent Registrations, 2012-2016
Table 3 Rocket Propulsion Market Size, By Type, 2016-2023 (USD Million)
Table 4 Rocket Propulsion Market Size, By Propulsion Type, 2016-2023 (USD Million)
Table 5 Rocket Propulsion Market Size, By Orbit Type, 2016-2023 (USD Million)
Table 6 Rocket Propulsion Market Size, By Launch Vehicle Type, 2018-2023 (USD Million)
Table 7 Rocket Propulsion Market Size, By Unmanned Launch Vehicle Type, 2018-2023 (USD Million)
Table 8 Rocket Propulsion Market Size, By Component, 2016-2023 (USD Million)
Table 9 Rocket Propulsion Market Size, By End User, 2018-2023 (USD Million)
Table 10 Rocket Propulsion Market Size, By Region, 2016-2023 (USD Million)
Table 11 North America: Rocket Propulsion Market Size, By Type, 2016-2023 (USD Million)
Table 12 North America: Rocket Propulsion Market Size, By Propulsion Type, 2016-2023 (USD Million)
Table 13 North America: Rocket Propulsion Market Size, By Launch Vehicle Type, 2016-2023 (USD Million)
Table 14 North America: Unmanned Rocket Propulsion Market Size, By Type, 2016-2023 (USD Million)
Table 15 North America: Rocket Propulsion Market Size, By Orbit Type, 2016-2023 (USD Million)
Table 16 North America: Rocket Propulsion Market Size, By End User, 2016-2023 (USD Million)
Table 17 Europe: Rocket Propulsion Market Size, By Type, 2016-2023 (USD Million)
Table 18 Europe: Rocket Propulsion Market Size, By Propulsion Type, 2016-2023 (USD Million)
Table 19 Europe: Rocket Propulsion Market Size, By Launch Vehicle Type, 2016-2023 (USD Million)
Table 20 Europe: Unmanned Rocket Propulsion Market Size, By Type, 2016-2023 (USD Million)
Table 21 Europe: Rocket Propulsion Market Size, By Orbit Type, 2016-2023 (USD Million)
Table 22 Europe: Rocket Propulsion Market Size, By End User, 2016-2023 (USD Million)
Table 23 Europe: Rocket Propulsion Market Size, By Country, 2016-2023 (USD Million)
Table 24 France: Rocket Propulsion Market Size, By Propulsion Type, 2016-2023 (USD Million)
Table 25 France: Rocket Propulsion Market Size, By Orbit Type, 2016-2023 (USD Million)
Table 26 France: Rocket Propulsion Market Size, By End User, 2016-2023 (USD Million)
Table 27 Russia: Rocket Propulsion Market Size, By Type, 2016-2023 (USD Million)
Table 28 Russia: Rocket Propulsion Market Size, By Orbit Type, 2016-2023 (USD Million)
Table 29 Russia: Rocket Propulsion Market Size, By End User, 2016-2023 (USD Million)
Table 30 Ukraine: Rocket Propulsion Market Size, By Type, 2016-2023 (USD Million)
Table 31 Ukraine: Rocket Propulsion Market Size, By Orbit Type, 2016-2023 (USD Million)
Table 32 Ukraine: Rocket Propulsion Market Size, By End User, 2016-2023 (USD Million)
Table 33 Asia Pacific: Rocket Propulsion Market Size, By Type, 2016-2023 (USD Million)
Table 34 Asia Pacific: Rocket Propulsion Market Size, By Propulsion Type, 2016-2023 (USD Million)
Table 35 Asia Pacific: Rocket Propulsion Market Size, By Launch Vehicle Type, 2016-2023 (USD Million)
Table 36 Asia Pacific: Unmanned Rocket Propulsion Market Size, By Type, 2016-2023 (USD Million)
Table 37 Asia Pacific: Rocket Propulsion Market Size, By Orbit Type, 2016-2023 (USD Million)
Table 38 Asia Pacific: Rocket Propulsion Market Size, By End User, 2016-2023 (USD Million)
Table 39 Asia Pacific: Rocket Propulsion Market Size, By Country, 2016-2023 (USD Million)
Table 40 China: Rocket Propulsion Market Size, By Propulsion Type, 2016-2023 (USD Million)
Table 41 China: Rocket Propulsion Market Size, By Orbit Type, 2016-2023 (USD Million)
Table 42 China: Rocket Propulsion Market Size, By End User, 2016-2023 (USD Million)
Table 43 India: Rocket Propulsion Market Size, By Type, 2016-2023 (USD Million)
Table 44 India: Rocket Propulsion Market Size, By Orbit Type, 2016-2023 (USD Million)
Table 45 India: Rocket Propulsion Market Size, By End User, 2016-2023 (USD Million)
Table 46 Japan: Rocket Propulsion Market Size, By Type, 2016-2023 (USD Million)
Table 47 Japan: Rocket Propulsion Market Size, By Orbit Type, 2016-2023 (USD Million)
Table 48 Japan: Rocket Propulsion Market Size, By End User, 2016-2023 (USD Million)
Table 49 North Korea: Rocket Propulsion Market Size, By Type, 2016-2023 (USD Million)
Table 50 North Korea: Rocket Propulsion Market Size, By Orbit Type, 2016-2023 (USD Million)
Table 51 North Korea: Rocket Propulsion Market Size, By End User, 2016-2023 (USD Million)
Table 52 Middle East: Rocket Propulsion Market Size, By Type, 2016-2023 (USD Million)
Table 53 Middle East: Rocket Propulsion Market Size, By Orbit Type, 2016-2023 (USD Million)
Table 54 Middle East: Rocket Propulsion Market Size, By End User, 2016-2023 (USD Million)
Table 55 Middle East: Rocket Propulsion Market Size, By Country, 2016-2023 (USD Million)
Table 56 Iran: Rocket Propulsion Market Size, By Type, 2016-2023 (USD Million)
Table 57 Iran: Rocket Propulsion Market Size, By Orbit Type, 2016-2023 (USD Million)
Table 58 Iran: Rocket Propulsion Market Size, By End User, 2016-2023 (USD Million)
Table 59 Contracts, October 2012–June 2018
Table 60 Agreements, Partnerships, Expansions, and Acquisitions, July 2012–August 2018
Figure 1 Research Flow
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Satellites Launched, By Orbit, 2016
Figure 5 Planned Satellite Launches (2016-2024)
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Assumptions of the Research Study
Figure 10 Solid Propulsion Segment Projected to Grow at Highest CAGR During Forecast Period
Figure 11 Rocket Engine Segment Projected to Grow at Higher CAGR During Forecast Period
Figure 12 Military & Government Segment Projected to Grow at Higher CAGR During Forecast Period
Figure 13 Rocket Propulsion Market in Asia Pacific Projected to Grow at Highest CAGR During Forecast Period
Figure 14 Reducing Mission Cost Expected to Drive Rocket Propulsion Market From 2018 to 2023
Figure 15 Rocket Engine Segment Projected to Lead Rocket Propulsion Market From 2018 to 2023
Figure 16 Military & Government Segment Estimated to Lead Rocket Propulsion Market in Asia Pacific in 2018
Figure 17 Europe: Rocket Propulsion Market, By Propulsion Type
Figure 18 US Estimated to Lead Rocket Propulsion Market in 2018
Figure 19 Rocket Propulsion Market
Figure 20 Orbital Launches By Top Launch Vehicle Family, 2015 to 2017
Figure 21 Rocket Engine Segment Expected to Grow at Higher CAGR During Forecast Period
Figure 22 Solid Propulsion Segment Expected to Grow at Highest CAGR During Forecast Period
Figure 23 GEO Segment Expected to Grow at Highest CAGR During Forecast Period
Figure 24 Manned Launch Vehicle Segment Expected to Grow at Higher CAGR During Forecast Period
Figure 25 Rocket Propulsion Market Size, By Component, 2016 & 2023 (USD Million)
Figure 26 Military & Government Segment Expected to Grow at Higher CAGR During Forecast Period
Figure 27 Rocket Propulsion Market: Regional Snapshot
Figure 28 North America Rocket Propulsion Market Snapshot
Figure 29 Europe Rocket Propulsion Market Snapshot
Figure 30 Asia Pacific Rocket Propulsion Market Snapshot
Figure 31 Middle East Rocket Propulsion Market Snapshot
Figure 32 Companies Adopted Contracts as the Key Growth Strategy From July 2012 and June 2018
Figure 33 Revenue and Product-Based Rank Analysis of the Top Players in the Rocket Propulsion Market in 2017
Figure 34 Antrix: Company Snapshot
Figure 35 Aerojet Rocketdyne: Company Snapshot
Figure 36 Mitsubishi Heavy Industries: Company Snapshot
Figure 37 Orbital ATK: Company Snapshot
Figure 38 Safran S.A.: Company Snapshot
Figure 39 Safran S.A.: SWOT Analysis
Figure 40 Spacex: Company Snapshot
Figure 41 Blue Origin: Company Snapshot
Figure 42 China Great Wall Industry Corporation: Company Snapshot
Figure 43 NPO Energomash: Company Snapshot
Figure 44 Virgin Galactic: Company Snapshot
Figure 45 IHI Corporation: Company Snapshot
Figure 46 JSC Kuznetsov: Company Snapshot
Figure 47 Yuzhmash: Company Snapshot
Figure 48 Rocket Lab: Company Snapshot

Executive Summary

Companies Mentioned

  • SpaceX
  • Aerojet Rocketdyne
  • Antrix
  • Orbital ATK
  • Mitsubishi Heavy Industries
  • Safran S.A.
  • Blue Origin
  • NPO Energomash
  • Virgin Galactic
  • IHI
  • JSC Kuznetsov
  • Yuzhmash
  • Rocket Lab

Table Information

Report AttributeDetails
No. of Pages142
PublishedAugust 2018
Forecast Period2018 - 2023
Estimated Market Value ( USD ) in 2018 $ 4.23 billion
Forecasted Market Value ( USD ) by 2023 $ 6.36 billion
Compound Annual Growth Rate8.5%
Regions CoveredGlobal
No. of Companies Mentioned13

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