The Global Rocket Engines Market Report by The Business Research Company covers rocket engines market drivers and restraints, rocket engines market size, major players, and the impact of COVID-19 on the rocket engines market.
The rocket engines market consists of sales of rocket engines and relates services by entities (organizations, sole traders, or partnerships) that produce rocket engines. A rocket engine is a component of a propulsion system that uses the combustion of reactive chemicals to supply the necessary energy to run the rocket.
The increasing rocket launches is expected to drive the growth of the rocket engine market in the coming years. Over the next decade, hundreds of corporations and government agencies around the world are planning to launch rockets and hold tens of thousands of satellites in large low-Earth orbit constellations.
The global rocket engines market is expected to grow from $2.44 billion in 2020 to $2.61 billion in 2021 at a compound annual growth rate (CAGR) of 7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.88 billion in 2025 at a CAGR of 2.5%.
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Some rocket engines market trends include 3D printing technology. Space organizations and private companies are designing 3D printed rocket engines to reduce costs and speed up production.
Global rocket engines market segments include:
1) By Type: Physically Powered, Chemically Powered, Electrically Powered, Thermal, Nuclear.
2) By Product Type: Liquid Rocket Engine, Solid Rocket Engine.
3) By Application: Spacecraft, Ballistic Missiles, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Rocket Engines Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides rocket engines market overviews, analyzes and forecasts market size, share, rocket engines market players, rocket engines market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The rocket engines market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Rocket Engines Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Aerojet Rocketdyne, Space X, Roscosmos, Mitsubishi Heavy Industries, Northrop Grumman, Safran, China Aerospace Science and Technology Corporation (CASC), NASA, Blue Origin, Lockheed Martin, The Boeing Company, Rocket Lab.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The rocket engines Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The rocket engines Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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