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Propulsion System Trends and Forecast
The future of the global propulsion system market looks promising with opportunities in the missiles, aircraft, spacecraft, and unnamed aerial vehicles markets. The global propulsion system market is expected to grow with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are demand for long-range missiles is rising, increased commercial use of propulsion systems, and growing number of space missions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Propulsion System by Segment
The study includes a forecast for the global propulsion system by type, application, and region.
Propulsion System Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Air-Breathing
• Non-Air Breathing
Propulsion System Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Missiles
• Aircraft
• Spacecraft
• Unnamed Aerial Vehicles
• Others
Propulsion System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Propulsion System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies propulsion system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the propulsion system companies profiled in this report include-
• General Electric
• Rolls-Royce
• Orbital
• Aerojet Rocketdyne
• Honeywell
• Safran
• 3W International
• Lockheed Martin
• The Raytheon
• Northrop Grumman
Propulsion System Market Insights
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Lucintel forecasts that air-breathing will remain the larger segment over the forecast period due to increasing usage of air-breathing engines in missiles and airplanes to provide precision, high speed, and reduced fuel consumption.
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North America will remain the largest region over the forecast period due to increasing demand in nations like the United States and Canada for military aviation, cargo transportation, and air travel.
Features of the Global Propulsion System Market
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Market Size Estimates: Propulsion system market size estimation in terms of value ($B).
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Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
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Segmentation Analysis: Propulsion system market size by type, application, and region in terms of value ($B).
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Regional Analysis: Propulsion system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
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Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the propulsion system market.
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Strategic Analysis: This includes M&A, new product development, and competitive landscape of the propulsion system market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the propulsion system market size?
Answer: The global propulsion system market is expected to reach an estimated $XX billion by 2030.
Q2. What is the growth forecast for propulsion system market?
Answer: The global propulsion system market is expected to grow with a CAGR of 7.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the propulsion system market?
Answer: The major drivers for this market are demand for long-range missiles is rising, increased commercial use of propulsion systems, and growing number of space missions.
Q4. What are the major segments for propulsion system market?
Answer: The future of the global propulsion system market looks promising with opportunities in the missiles, aircraft, spacecraft, and unnamed aerial vehicles markets.
Q5. Who are the key propulsion system market companies?
Answer: Some of the key propulsion system companies are as follows:
• General Electric
• Rolls-Royce
• Orbital
• Aerojet Rocketdyne
• Honeywell
• Safran
• 3W International
• Lockheed Martin
• The Raytheon
• Northrop Grumman
Q6. Which propulsion system market segment will be the largest in future?
Answer: Lucintel forecasts that air-breathing will remain the larger segment over the forecast period due to increasing usage of air-breathing engines in missiles and airplanes to provide precision, high speed, and reduced fuel consumption.
Q7. In propulsion system market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increasing demand in nations like the United States and Canada for military aviation, cargo transportation, and air travel.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the propulsion system market by type (air-breathing and non-air breathing), application (missiles, aircraft, spacecraft, unnamed aerial vehicles, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Propulsion System Market, Propulsion System Market Size, Propulsion System Market Growth, Propulsion System Market Analysis, Propulsion System Market Report, Propulsion System Market Share, Propulsion System Market Trends, Propulsion System Market Forecast, Propulsion System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Propulsion System Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Propulsion System Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Propulsion System Market by Type
3.3.1: Air-Breathing
3.3.2: Non-Air Breathing
3.4: Global Propulsion System Market by Application
3.4.1: Missiles
3.4.2: Aircraft
3.4.3: Spacecraft
3.4.4: Unnamed Aerial Vehicles
3.4.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Propulsion System Market by Region
4.2: North American Propulsion System Market
4.2.2: North American Propulsion System Market by Application: Missiles, Aircraft, Spacecraft, Unnamed Aerial Vehicles, and Others
4.3: European Propulsion System Market
4.3.1: European Propulsion System Market by Type: Air-Breathing and Non-Air Breathing
4.3.2: European Propulsion System Market by Application: Missiles, Aircraft, Spacecraft, Unnamed Aerial Vehicles, and Others
4.4: APAC Propulsion System Market
4.4.1: APAC Propulsion System Market by Type: Air-Breathing and Non-Air Breathing
4.4.2: APAC Propulsion System Market by Application: Missiles, Aircraft, Spacecraft, Unnamed Aerial Vehicles, and Others
4.5: ROW Propulsion System Market
4.5.1: ROW Propulsion System Market by Type: Air-Breathing and Non-Air Breathing
4.5.2: ROW Propulsion System Market by Application: Missiles, Aircraft, Spacecraft, Unnamed Aerial Vehicles, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Propulsion System Market by Type
6.1.2: Growth Opportunities for the Global Propulsion System Market by Application
6.1.3: Growth Opportunities for the Global Propulsion System Market by Region
6.2: Emerging Trends in the Global Propulsion System Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Propulsion System Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Propulsion System Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: General Electric
7.2: Rolls-Royce
7.3: Orbital
7.4: Aerojet Rocketdyne
7.5: Honeywell
7.6: Safran
7.7: 3W International
7.8: Lockheed Martin
7.9: The Raytheon
7.10: Northrop Grumman
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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