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Advanced Rocket and Missile Propulsion Systems Market Size In 2020 and Growth Insights to 2025 | Bis Research

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BIS Research
Advanced Rocket and Missile Propulsion Systems Market Size In 2020 and Growth Insights to 2025 | Bis Research

The North America advanced rocket and missile propulsion system industry is in the process of constant evolution, with various technological developments taking place in the industry that have enhanced efficiency and features to make the launch of rockets and missiles successful with low operational cost.

Read Report Overview: North America Advanced Rocket and Missile Propulsion Systems Market

The space sector has been experienced several developments since the past years such as cost-effective reusable rockets, increasing private investments by emerging players in the industry, and increasing need for better communication and connectivity. The rocket and missile propulsion system market, which was an exclusive domain of the U.S. and Russia, is now accessible to the other nations as well, in which, companies from the U.S., Europe, China, India, Russia and Japan, among others compete. In 2019, China, the U.S. and Russia were the dominant countries that made close to 83 rocket launches, wherein propulsion systems were provided by companies such as China Aerospace Science and Technology Corporation (CASTC), SpaceX, NPO Energomash (Glushko), and Aerojet Rocketdyne. However, new companies are entering the propulsion system industry. For instance, in June 2020, Accion System signed a cooperative research development agreement with the U.S. Air Force for the development of electrospray thrusters and the Tiled Ionic Liquid Electrospray (TILE) propulsion system for deploying small satellite. Furthermore, in 2019, SpaceX tested Raptor engine for the first time, with methane and liquid oxygen as a propellant. This engine is currently under development and will be used for SpaceX’s private moon mission.

The North America advanced rocket and missile propulsion systems market report by BIS Research shows a significant growth in the market. The market is anticipated to grow at a CAGR of 6.94% based on market value during the forecast period 2020-2025.

However, the demand for North America advanced rocket and missile propulsion systems by value is expected to grow due to the growing number of satellites launches and rising research and development activities to develop cost-efficient propulsion technologies. Additionally, the growing demand for propulsion systems is accelerated with the growing U.S. defense budget for missile and ballistic missile defense programs

Scope of the North America Advanced Rocket and Missile Propulsion Systems Market

The North America advanced rocket and missile propulsion systems market report provides detailed market information for segmentation such as application, propulsion type, component, and country. The purpose of this market analysis is to examine the North America advanced rocket and missile propulsion systems in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.

The report further takes into consideration the market dynamics and the competitive landscape, along with the detailed financial and product contribution of the key players operating in the market. Additionally, the market highlights the key driving and restraining forces for this market.

The North America advanced rocket and missile propulsion systems market is segregated by country, which includes U.S. and Canada.

Key Companies in the North America Advanced Rocket and Missile Propulsion Systems Market

The key market players in the advanced rocket and missile propulsion systems market include Aerojet Rocketdyne, Blue Origin, Northrop Grumman Corporation, SpaceX, Lockheed Martin Corporation, and Moog Inc.

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Key Questions Answered in this Report:

  • What are the trends in North America advanced rocket and missile propulsion systems market across different countries?
  • What are the major driving forces that tend to increase the demand for North America advanced rocket and missile propulsion systems during the forecast period 2020-2025?
  • What are the major restraints inhibiting the growth of North America advanced rocket and missile propulsion systems market
  • What was the total revenue generated in North America advanced rocket and missile propulsion systems market by different application in 2019 and, what is the estimated revenue for the forecast period?
  • What was the total revenue generated in North America advanced rocket and missile propulsion systems market (by propulsion type) in 2019, and what is the estimated revenue for the forecast period?
  • What was the total revenue generated in North America advanced rocket and missile propulsion systems market (by component) in 2019, and what is the estimated revenue for the forecast period?
  • What was the total revenue generated in North America advanced rocket and missile propulsion systems market across different countries U.S. and Canada) in 2019, and what are the estimates for 2025?
  • Who are the key players in North America advanced rocket and missile propulsion systems market, and what are the new strategies adopted by them to make a mark in the industry?
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