North America Advanced Rocket and Missile Propulsion Systems Market to Reach $3.70 bn by 2025

Friday 5 March 2021, Amsterdam

"The North America advanced rocket and missile propulsion systems market is projected to reach $3.70 billion by 2025, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 6.94% during the period between 2020 and 2025.

The comprehensive study of the North America advanced rocket and missile propulsion systems market, extensively covers the following:

• Detailed insights about North America advanced rocket and missile propulsion systems including propulsion type, application and components.
• Country-level details on North America advanced rocket and missile propulsion systems programs.
• Detailed analysis of North America advanced rocket and missile propulsion systems for different applications.
• Company profiling for 6 companies
• Detailed country-wise market analysis.

Besides these parameters, the study also encompasses the market growth drivers, opportunities, market restraining factors, and segmental analysis.

This study indicates that the advancement in the field of cost-effective reusable rockets, rising defense budget for military modernization plans, increasing satellite launches, and increasing focus on developing advance propulsion technologies are fueling the growth of the market.

The market intelligence additionally throws a spotlight on the key industry trends that have a humungous influence in shaping the industry going forward. Some of these trends include the advancement of reusable rockets, airbreathing propulsion engine, 3D printing technology and insensitive munition capabilites, and several other key trends.

To gain a holistic view of the market, data from different segments of the market has been analyzed minutely. These segments include application, propulsion type, and components. Each of these segments is further categorized into sub-segments to compile an in-depth study.

Haidar Ali, Lead Analyst – states, ""The change in dynamics of the industry such as the increasing number of satellite launches,  advancements in low-cost reusable rockets and 3D printing will propel the market of advanced rocket and missile propulsion systems in future”.

Key insights are drawn from in-depth interviews with the key opinion leaders of more than 5 leading companies, market participants, and vendors. The key players profiled in the report include Aerojet Rocketdyne, Blue Origin, Northrop Grumman Corporation, SpaceX, Lockheed Martin Corporation, and Moog Inc.