Advanced Rocket & Missile Propulsion System Market to Exhibit a Remarkable CAGR of 9% by 2026, Size, Share, Trends, Key Drivers

The Global Advanced Rockets & Missiles Propulsion System Market is projected to grow at a CAGR of around 9% during the forecast period, i.e., 2021-26.

Business Jan 29, 2025 10 Add to Reading List

Advanced Rocket & Missile Propulsion System Market to Exhibit a Remarkable CAGR of 9% by 2026, Size, Share, Trends, Key Drivers

Global Advanced Rocket & Missile Propulsion System Market Overview and Insights:

According to MarkNtel Advisors Report, Global Advanced Rocket & Missile Propulsion System Market projected to grow at a CAGR of around 9% during the forecast period, i.e., 2021-26.

Advanced Rocket & Missile Propulsion System Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Time Period Captured in the Report:

Historical Years: 2016-19

Base Years: 2020

Forecast Years: 2021-26

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Key Driver & Opportunity: Space Explorations & Innovations in Propulsion Systems:

Massive investments & various initiatives by the governments of different countries worldwide for several space exploration projects, growing research & development initiatives to enhance the space expeditions, higher efficiency of propulsion systems, and surging commercial applications of the space industry are the key aspects projected to drive the Global Advanced Rocket & Missile Propulsion System Market during 2021-26.

Besides, a swiftly escalating participation of several prominent players & government associations in the market for the development and demonstration of reusable rockets technology to reduce the cost of every launch shall further boost the market in the years to come.

Who are the Key Players Operating in the Advanced Rocket & Missile Propulsion System Industry?

The top companies of the Advanced Rocket & Missile Propulsion System market ruling the industry are:

Aerojet Rocketdyne
Ariane Group
Blue Origin
NPO Energomash
Safran S.A
Avio S.p.A
Northrop Grumman Corporation
Space Exploration Technologies Corporation (SpaceX)
Mitsubishi Heavy Industries
Airbus S.A.S.
IHI Corporation
Lockheed Martin Corporation
Moog Inc.
OHB SE
Thales Group

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What is Included in Advanced Rocket & Missile Propulsion System Market Segmentation?

The report has segmented the market into the following categories:

-By Component

Propellant
Nozzle
Turbopump
Valve
Motor Casing
Combustion Chamber
Igniter

Here, Propellants acquired a significant market share and are likely to prevail the same trend over the forecast years. It owes majorly to the increasing adoption of rockets & missiles by numerous countries worldwide to strengthen national security entwined with the surging demand for competent & advanced thrust generating propellants for various rocket & missile launches. Moreover, rapid technological advancements in enhancing the thrust generations in propellants & innovations in their composition shall further contribute to the overall market growth during 2021-26.

-By Propulsion Type

Liquid Propulsion Engine
Solid Propulsion Rocket Motor
Hybrid Propulsion Engine
Air breathing Propulsion Engine

-By Application

Rockets
Missiles
Space Launch Vehicle

Geographical Analysis:

-By Region

North America
Europe
Middle East & Africa
Asia-Pacific

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