SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Rocket Propulsion - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Edition: 8; Released: April 2021 Executive Pool: 432 Companies: 44 - Players covered include Aerojet Rocketdyne Holdings, Inc.; Antrix Corporation Ltd.; Blue Origin; China Great Wall Industry Corporation; IHI Corporation; Jsc Kuznetsov; Mitsubishi Heavy Industries Ltd.; Npo Energomash; Orbital ATK, Inc.; Rocket Lab; Safran; Spacex; Virgin Galactic, LLC.; Yuzhmash and Others. Coverage: All major geographies and key segments Segments: End-Use (Military & Government, Commercial); Propulsion Type (Solid Propulsion, Liquid Propulsion, Hybrid Propulsion); Type (Rocket Motor, Rocket Engine) Geographies: World; United States; Canada; Japan; China; Europe ( France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Rocket Propulsion Market to Reach $6.8 Billion by 2026Amid the COVID-19 crisis, the global market for Rocket Propulsion estimated at US$4.5 Billion in the year 2020, is projected to reach a revised size of US$6.8 Billion by 2026, growing at a CAGR of 7% over the analysis period. Rocket Motor, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$2.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rocket Engine segment is readjusted to a revised 7.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion in 2021, While China is Forecast to Reach $1.2 Billion by 2026The Rocket Propulsion market in the U.S. is estimated at US$1.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2026 trailing a CAGR of 6.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.6% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR. More
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SOURCE Global Industry Analysts, Inc.