The global Rocket Liquid Propulsion market was worth USD 5.11 billion in 2022. As such, the forecast is that the market is expected to reach USD 9.96 Billion by 2030 with a CAGR of 8.70 % over the period from 2023 to 2030.
Liquid propulsion systems are the workhorse of modern rocketry.
They involve storing liquid fuel and oxidizer in separate tanks, which are then pumped into a combustion chamber where they ignite to produce thrust. This method offers superior control compared to solid propellants, allowing for throttleability and engine shutdown. Liquid propellants can achieve higher specific impulses, meaning they produce more thrust per unit of propellant, making them ideal for long-duration missions.
Key Prominent Players In The Rocket Liquid Propulsion Market:
- Aerojet Rocketdyne (United States)
- SpaceX (United States)
- Blue Origin (United States)
- Northrop Grumman Innovation Systems (United States)
- Mitsubishi Heavy Industries (Japan)
- IHI Corporation (Japan)
- Safran S.A. (France)
- Ariane Group (France)
- Rocket Lab (New Zealand)
- Yuzhnoye Design Office (Ukraine)
- KBKhA (Russia)
- NPO Energomash (Russia)
- Europropulsion (Italy/France)
- Avio S.p.A (Italy)
- ISRO (India)
- China Aerospace Science and Technology Corporation (China)
- China Academy of Launch Vehicle Technology (China)
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Global Rocket Liquid Propulsion Market Segmentation:
By Type
- Rocket Motor
- Rocket Engine
By Orbit
- Low Earth Orbit (LEO)
- Medium Earth Orbit (MEO)
- Geostationary Earth Orbit (GEO)
- Beyond Geosynchronous Orbit (BGEO)
By Component
- Motor Casing
- Nozzle
- Igniter Hardware
- Turbo Pump
- Propellant
By Vehicle Type
- Manned
- Unmanned
By End User
- Military Government
- Commercial
- Research and Development
Geographic Segment Covered in the Report:
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Rocket Liquid Propulsion market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the Rocket Liquid Propulsion market segments and regions.
Global Rocket Liquid Propulsion Market Trend Analysis
Increased private sector involvement: The emergence of private space companies is driving innovation and investment in liquid propulsion technologies.
Focus on reusable rocket systems: Efforts to reduce launch costs and increase mission frequency are accelerating the development of reusable liquid propulsion systems.
Advancements in propellant technology: Research and development in high-performance, environmentally friendly propellants are gaining momentum.
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