Study on Propulsion Systems Market highlights key players such as General Electric Company (U.S.), United Technologies Corporation (U.S.), Safran S.A. (France), Rolls-Royce Holding plc. (U.K.), Honeywell International Inc. (U.S.), and Orbital ATK Inc. (U.S.), among others.
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The propulsion systems market is projected to grow from USD 244.68 billion in 2016 to USD 337.78 billion by 2021, at a CAGR of 6.66% during the forecast period, 2016 to 2021.The propulsion systems market is driven by factors, such as rise in the number of aircraft deliveries, increase in the number of space expeditions, and upgradation of airborne and unmanned aerial vehicles, among others.Various laws have been implemented by the Federal Aviation Administration (FAA) for product certification of propulsion systems to ensure optimal adherence to safety management with appropriate control and monitoring of these systems.
- Attractive Market Oppportunities in the Market
- Propulsion Systems Market, By Application
- Market in Missiles Application, By Region
- Non-Air Breathing Propulsion Systems Market, By Subtype
- Market Share vs Growth Rate, By Region
- Life Cycle Analysis, By Region
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Based on type, the electric propulsion segment of the propulsion systems market is projected to grow at the highest CAGR during the forecast period. Electric propulsion is used in satellites and spacecraft mainly for trajectory correction.
Moreover, increased use of electric propulsion in telecommunication satellites in developed as well as emerging economies is expected to boost the growth of the electric propulsion segment of the propulsion systems market between 2016 and 2021.
Based on application, the aircraft segment is estimated to account for the largest share of the propulsion systems market during the forecast period. Increasing commercial aviation operations, growing international tourism, rising air passenger traffic, and increasing budget allocations for the defense sector are the key factors propelling the growth of the propulsion systems market in aircraft application.
Key Points From Table Of Content:
6 Industry Trends
6.2 Supply Chain
6.3 Value Chain
6.4 Technological Trends
6.4.1 Increasing Use of Gas Turbines & Jet Propulsions
22.214.171.124 Innovations and Patent Registrations of Gas Turbines
6.4.2 Innovations in Ramjet & Scramjet Propulsions
126.96.36.199 Innovations and Patent Registrations of Ramjet Engines
6.4.3 Innovations in Non-Air Breathing Propulsions
188.8.131.52 Innovations in Propulsions for Rockets and Missiles
184.108.40.206 Innovations and Patent Registrations for Rockets and Missiles
220.127.116.11 Innovations in Space Propulsion
18.104.22.168 Innovations and Patent Registrations in Space Propulsions
6.4.4 Innovations in Electric Propulsions
22.214.171.124 Innovations in Electric Propulsions for Uavs
126.96.36.199 Innovations and Patent Registrations in Electric Propulsions for Uavs
188.8.131.52 Innovations in Electric Propulsions for Spacecraft:
184.108.40.206 Innovations and Patent Registrations in Electric Propulsions for Spacecraft:
Complete report on Propulsion Systems Market spread across 176 Pages, Profiling 13 Companies and Supported with 77 Tables and 59 Figures is now available at www.rnrmarketresearch.com/propulsi…arket-report.html
The report provides a picture on the propulsion systems and associated subsegments across different industry verticals and regions. It aims at estimating size and future growth potential of this market across different segments on the basis of type, application, and region.
Furthermore, the report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, SWOT analysis, recent developments, and key market strategies.
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