Quadintel published a recovery-based report for Global “Propulsion Systems Market” that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
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Global Propulsion Systems Market is valued approximately USD 316.67 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.66% over the forecast period 2021-2027.
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Propulsion refers to the process or action of pulling or pushing to drive an object forward. The propulsion system includes a source of mechanical power and a propulsor. A propulsion system is a machine that produces thrust to transmit or push a forward motion in the object. Accordingly, the major function of the propulsion system is to generate thrust. Thrust is the force that moves a rocket through the air and space. The rising number of commercial applications of the propulsion systems, increasing space expeditions, growing need for long-range missiles are the factors that may propels the market demand around the world. For instance, in 2019, a Japanese aerospace start-up, Interstellar Technologies launched the Momo-3 unmanned rocket- the country’s first privately advanced rocket. Therefore, the growth of the private organizations, along with the rising government support for realizing constant launches and mass production of rockets is surging the market growth. However, the lack of knowledge transfer platforms and the high costs involved in the advancements of the novel technologies impedes the growth of the market over the forecast period of 2021-2027. Also, rising defense expenditures majorly in the emerging economies is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Propulsion Systems market study includes Asia Pacific, North America, Europe, Latin America and the Rest of the World. North America is the leading region across the world in terms of market share owing to the development of military & commercial aviation, the growing number of space expeditions, as well as economic growth. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2021-2027. Factors such as the increased spending on the defense segment, rising industrialization, along the growing need for military transport aircraft would create lucrative growth prospects for the Propulsion Systems market across the Asia-Pacific region.
Major market player included in this report are:
NPO Energomash.
Konstruktorskoe Buro Khimavtomatiky
Honeywell International Inc.
Bombardier Recreational Products Inc
Moog Inc.
FSUE RDIME
Space Exploration Technologies Corp.
UNITED TECHNOLOGIES
Aerojet Rocketdyne Holdings
Orbital ATK Inc
3W International GmbH
Busek Co. Inc.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type
Air-Breathing
Gas Turbines & Jet Engines
Ramjets & Scramjets
Internal Combustion
Non-Air Breathing
Solid Propulsion
Liquid Propulsion
Hybrid Propulsion
Electric Propulsion
By Application
Missiles
Aircraft
Spacecraft
Unnamed Aerial Vehicles
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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