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Rocket Propulsion Market Share
- Report ID: GMI3047
- Published Date: Jan 2023
- Report Format: PDF
Rocket Propulsion Market Share
Competitive landscape of the rocket propulsion market comprises companies such as
- Virgin Galactic
- URSA Major Technologies Inc.
- Space Exploration Technologies Corp.
- Safran
- L3Harris Technologies Inc.
- Northrop Grumman (Orbital ATK)
- National Aeronautics and Space Administration (NASA)
- Mitsubishi Heavy Industries, Ltd.
- Lockheed Martin Corporation
- IHI Corporation
- Dawn Aerospace
- Blue Origin
- Avio Group
- Airbus S.A.S
These companies are focusing on strategies including mergers and acquisitions to reinforce their market presence.
Frequently Asked Questions (FAQ) :
Global market size for rocket propulsion value surpassed USD 5 billion in 2022 and is slated to exhibit over 7% CAGR through 2023-2032, due to the escalating investment in rocket launches and space research missions.
Rocket propulsion industry size from the hybrid fuel segment will exceed USD 450 million by 2032, given the low greenhouse gas emissions associated with engine exhausts running on hybrid fuels.
U.S. held more than 35% share of the rocket propulsion industry in 2022, on account of the mounting launch of heavy rockets and the increased requirement for space services in the region.
Some of the key players in the rocket propulsion include Virgin Galactic, URSA Major Technologies Inc., Safran, L3Harris Technologies Inc., Mitsubishi Heavy Industries, Ltd., Lockheed Martin Corporation, and Airbus S.A.S., among others.
Rocket Propulsion Market Scope
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