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Advanced Rocket & Missile Propulsion System Market Size – By Propulsion Technology (Solid Propulsion Systems, Liquid Propulsion Systems, Hybrid Propulsion Systems, and Others), By Platform Type (Land-Based Systems, Airborne Systems, Naval Systems, Space Systems), By End-user (Defense, Space and Civil & Commercial) & Region – Global Forecasts 2024 - 2034.

  • PUBLISHED ON
  • 2024-09-24
  • NO OF PAGES
  • 260
  • CATEGORY
  • Aerospace & Defense

Market Overview

The Advanced Rocket & Missile Propulsion System market is predicted to develop at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2034, when it is projected to reach USD 74,976.43 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 32,524.27 Million in 2024.


SOURCE: We Market Research

The Global Advanced Rocket & Missile Propulsion System Market refers to the worldwide industry involved in the development, production, and supply of propulsion systems used in rockets and missiles for defense and space applications. These propulsion systems provide the necessary thrust and power for missile and rocket launch, flight control, and delivery to their target.

The Global Advanced Rocket & Missile Propulsion System Market is driven by the increasing focus on defense modernization, rising geopolitical tensions, and the growing demand for advanced weapons systems. The rocket and missile propulsion system market includes propulsion technologies used for the launch, control, and power of missiles, rockets, and other aerospace vehicles. The market consists of solid, liquid, and hybrid propulsion systems, with solid and liquid being the dominant segments. Rising investments in military modernization, space exploration programs, and next-gen missile technologies (hypersonic, space-based) are propelling market growth.

The Global Advanced Rocket & Missile Propulsion System Market is positioned for growth due to a combination of defense and space-related investments. Hypersonic technology, reusable rockets, and electric propulsion will be key areas of innovation, shaping the future of both defense and space exploration markets.

Market Scope

Report Attributes

Description

Market Size in 2024

USD 32,524.27 Million

Market Forecast in 2034

USD 74,976.43 Million

CAGR % 2024-2034

8.1%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2034

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Propulsion Technology, By Platform Type, By End-user and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Advanced Rocket & Missile Propulsion System Industry: Dynamics & Restrains


Market opportunity:

 

We Market Research: Advanced Rocket & Missile Propulsion System Dashboard

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.