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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.
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
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
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Propulsion Systems Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Propulsion Systems Market, by Region, 2019-2027 (USD Billion)
1.2.2. Propulsion Systems Market, by Type, 2019-2027 (USD Billion)
1.2.3. Propulsion Systems Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Propulsion Systems Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Propulsion Systems Market Dynamics
3.1. Propulsion Systems Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Growing demand for long range missiles
3.1.1.2. High efficiency offered by propulsion systems and technological advancements
3.1.2. Market Challenges
3.1.2.1. Lack of knowledge transfer platforms
3.1.2.2. High costs involved in the development of new technologies
3.1.3. Market Opportunities
3.1.3.1. Increasing defence expenditures by the emerging economies
Chapter 4. Global Propulsion Systems Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Propulsion Systems Market, by Type
6.1. Market Snapshot
6.2. Global Propulsion Systems Market by Type, Performance - Potential Analysis
6.3. Global Propulsion Systems Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
6.4. Propulsion Systems Market, Sub Segment Analysis
6.4.1. Air-Breathing
6.4.1.1. Gas Turbines & Jet Engines
6.4.1.2. Ramjets & Scramjets
6.4.1.3. Internal Combustion
6.4.2. Non-Air Breathing
6.4.2.1. Solid Propulsion
6.4.2.2. Liquid Propulsion
6.4.2.3. Hybrid Propulsion
6.4.2.4. Electric Propulsion
Chapter 7. Global Propulsion Systems Market, by Application
7.1. Market Snapshot
7.2. Global Propulsion Systems Market by Application, Performance - Potential Analysis
7.3. Global Propulsion Systems Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
7.4. Propulsion Systems Market, Sub Segment Analysis
7.4.1. Missiles
7.4.2. Aircraft
7.4.3. Spacecraft
7.4.4. Unnamed Aerial Vehicles
Chapter 8. Global Propulsion Systems Market, Regional Analysis
8.1. Propulsion Systems Market, Regional Market Snapshot
8.2. North America Propulsion Systems Market
8.2.1. U.S. Propulsion Systems Market
8.2.1.1. Type estimates & forecasts, 2018-2027
8.2.1.2. Application estimates & forecasts, 2018-2027
8.2.2. Canada Propulsion Systems Market
8.3. Europe Propulsion Systems Market Snapshot
8.3.1. U.K. Propulsion Systems Market
8.3.2. Germany Propulsion Systems Market
8.3.3. France Propulsion Systems Market
8.3.4. Spain Propulsion Systems Market
8.3.5. Italy Propulsion Systems Market
8.3.6. Rest of Europe Propulsion Systems Market
8.4. Asia-Pacific Propulsion Systems Market Snapshot
8.4.1. China Propulsion Systems Market
8.4.2. India Propulsion Systems Market
8.4.3. Japan Propulsion Systems Market
8.4.4. Australia Propulsion Systems Market
8.4.5. South Korea Propulsion Systems Market
8.4.6. Rest of Asia Pacific Propulsion Systems Market
8.5. Latin America Propulsion Systems Market Snapshot
8.5.1. Brazil Propulsion Systems Market
8.5.2. Mexico Propulsion Systems Market
8.6. Rest of The World Propulsion Systems Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. NPO Energomash.
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Konstruktorskoe Buro Khimavtomatiky
9.2.3. Honeywell International Inc.
9.2.4. Bombardier Recreational Products Inc
9.2.5. Moog Inc.
9.2.6. FSUE RDIME
9.2.7. Space Exploration Technologies Corp.
9.2.8. UNITED TECHNOLOGIES
9.2.9. Aerojet Rocketdyne Holdings
9.2.10. Orbital ATK Inc
9.2.11. 3W International GmbH
9.2.12. Busek Co. Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
TABLE 1. Global Propulsion Systems market, report scope
TABLE 2. Global Propulsion Systems market estimates & forecasts by Region 2018-2027 (USD Billion)
TABLE 3. Global Propulsion Systems market estimates & forecasts by Type 2018-2027 (USD Billion)
TABLE 4. Global Propulsion Systems market estimates & forecasts by Application 2018-2027 (USD Billion)
TABLE 5. Global Propulsion Systems market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 6. Global Propulsion Systems market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 7. Global Propulsion Systems market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 8. Global Propulsion Systems market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 9. Global Propulsion Systems market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 10. Global Propulsion Systems market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 11. Global Propulsion Systems market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 12. Global Propulsion Systems market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 13. Global Propulsion Systems market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 14. Global Propulsion Systems market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 15. U.S. Propulsion Systems market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 16. U.S. Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 17. U.S. Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 18. Canada Propulsion Systems market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 19. Canada Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 20. Canada Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 21. UK Propulsion Systems market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 22. UK Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 23. UK Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 24. Germany Propulsion Systems market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 25. Germany Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 26. Germany Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 27. RoE Propulsion Systems market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 28. RoE Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 29. RoE Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 30. China Propulsion Systems market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 31. China Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 32. China Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 33. India Propulsion Systems market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 34. India Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 35. India Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 36. Japan Propulsion Systems market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 37. Japan Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 38. Japan Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 39. RoAPAC Propulsion Systems market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 40. RoAPAC Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 41. RoAPAC Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 42. Brazil Propulsion Systems market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 43. Brazil Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 44. Brazil Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 45. Mexico Propulsion Systems market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 46. Mexico Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 47. Mexico Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 48. RoLA Propulsion Systems market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 49. RoLA Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 50. RoLA Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 51. Row Propulsion Systems market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 52. Row Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 53. Row Propulsion Systems market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 54. List of secondary sources, used in the study of global Propulsion Systems market
TABLE 55. List of primary sources, used in the study of global Propulsion Systems market
TABLE 56. Years considered for the study
TABLE 57. Exchange rates considered
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