Buy Now
$4,123 $4,850
15% off
$4,840 $6,050
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2024
Companies covered: 10
Tables & Figures: 444
Countries covered: 21
Pages: 170
Download Free PDF

Thrust Vector Control Market
Get a free sample of this reportGet a free sample of this report Thrust Vector Control Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Thrust Vector Control Market Size
The global thrust vector control market was valued at USD 16.7 billion in 2024 and is estimated to grow at a CAGR of 10.7% to reach USD 45.9 billion by 2034.
Thrust Vector Control Market Trends
Thrust Vector Control Market Analysis
Based on the application, the market is segmented into launch vehicles, missiles, satellites and fighter aircraft. The missiles market was the largest market and was valued at USD 6.9 billion in 2024. The increasing demand for more precise strikes & improved control during flight in contemporary warfare is driving the application of thrust vector control (TVC) systems in missiles.
Based on the technology, the thrust vector control market is categorized into gimbal nozzle, thrusters, flex nozzle, rotating nozzle, and others. The gimbal nozzle market was the largest market and was valued at USD 7.5 billion in 2024.
On the basis of end use, the thrust vector control market is divided into space agencies and military & defense.
North America dominates the market with a share of 38.8% in 2024 and a CAGR of 10.8%. This growth is supported by vigorous aerospace and defense sector manufacturing, sustained government spending on research and development, and key defense contractors in the region.
In 2024, Europe held a share of 21.7% in the global thrust vector control market and a CAGR of 9.7%, driven by strong institutional policies, advanced propulsion research, and space and defense cooperation programs in Germany, France, and the UK.
Asia-Pacific held a share of 30.2% in the global thrust vector control market and is the fastest-growing region with a 12.1% CAGR, driven by increasing defense modernization, growing space ambitions, and expanding indigenous aerospace programs in countries such as China, India, and Japan.
Latin America held 4.1% market share in 2024, with 6.7% CAGR during the forecast year, thrust vector control market growth in Latin America is driven by regional satellite initiatives, modernization of air defense systems, and participation in multinational aerospace collaborations.
In 2024, the Middle East and Africa held a share of 5.2%, with a 7.5% CAGR, the growth of the market in MEA can be attributed to the increased spending on aerospace and defense procurement, growing interest in space technology from the UAE and Saudi Arabia.
Thrust Vector Control Market Share
Thrust Vector Control Market Companies
Major players operating in the thrust vector control industry are:
Thrust Vector Control Industry News
The thrust vector control market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) from 2021 to 2034, for the following segments:
Click here to Buy Section of this Report
By Technology
By Application
By End Use
The above information is provided for the following regions and countries: