The Global Propulsion Systems Market - Key Drivers, Trends and New Developments
LONDON, Oct. 30, 2017 /PRNewswire/ -- The Global Propulsion Systems Market - Key Drivers, Trends and New Developments
Summary
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A propulsion system is a mechanism that produces thrust to push an object forward. The system usually consists of a source that produces mechanical power and a propulsor that converts this power into a propulsive force. Propulsion systems are mainly used in vehicles, aircraft, and spacecraft to create a force that leads to the movement of these machines. In these cases, the system consists of a power source, such as an engine or a motor, and a propulsor, such as wheels or propellers to convert the engine power into a force, ultimately leading to the movement of the vehicle or the aircraft.
Steady demand for air-based, naval and ground vehicles, both in the defense and commercial sectors, is projected to drive the global market for propulsion systems over the future. The overall propulsion systems market can be categorized under four broad heads - air-based, space, marine and ground propulsion systems.
Region wise North America is projected to be the largest spender on propulsion systems, driven by its massive procurèrent of military as well as civil platforms. Additionally, the region's on-going and future R&D programs, particularly in the space and aircraft propulsion sectors, is expected to further fuel the growth of the market over the coming years. Europe and Asia Pacific are other also expected to be key markets for propulsion systems, with countries such as the UK, Russia and China working on developing new and innovative technologies in this space.
In terms of segments, while marine and ground propulsions remain relatively matured markets, air-based and space propulsion systems are currently witnessing robust investment in the global market. Several manufacturers, particularly in the US and European market are working on enhancing the current propulsion technologies used in aircraft, with particular interest in reducing noise and environmental pollution.
The report "The Global Propulsion Systems Market - Key Drivers, Trends and New Developments" offers analysis of the global propulsion system market and covers key technological and market trends in the industry, and analyzes drivers/factors influencing demand for propulsion systems. Additionally, the report provides an overview of five key spenders in the sector including recent development and initiatives undertaken by these countries and profiles of five major propulsion system suppliers in the domain.
In particular, it provides an in-depth analysis of the following -
- Overview: Snapshot of the propulsion system market, including highlights of the demand drivers, trends, and technology developments. It also provides a snapshot of the type of systems used under each of the different application areas of propulsion systems.
- Drivers: Insights into the propulsion system market and a detailed analysis of factors driving the market.
- Trends: Insights on the prevalent trends in the sector.
- Technology Trends and New Developments: Insights into the current technological trends and new developments that will shape the market in the future.
- Country Analysis: Analysis of the five key spenders that are anticipated to invest heavily in the domain, and recent initiatives taken by these nations in the sector.
- Company Analysis: Analysis of the five major companies that are catering to propulsion system requirements in the domain.
Companies mentioned in this report: Aerojet Rocketdyne, Orbital ATK Inc., Honeywell, Rolls-Royce, Pratt & Whitney.
Scope
- The steady demand for air-based, naval and ground vehicles, both in the defense and commercial sectors, is projected to drive the global market for propulsion systems over the future.
- The overall propulsion systems market can be categorized under four broad heads - air-based, space, marine and ground propulsion systems.
- Region wise North America is projected to be the largest spender on propulsion systems, driven by its massive procurèrent of military as well as civil platforms.
- Europe and Asia Pacific are other also expected to be key markets for propulsion systems, with countries such as the UK, Russia and China working on developing new and innovative technologies in this space.
Reasons to buy
- Snapshot of the global propulsion systems market, including highlights of the demand drivers, trends, and technology developments.
- Insights into the global propulsion systems market and a detailed analysis of factors driving the market
- Determining the prevalent trends in the sector
- Identify the new developments that will shape the market in the future
- Analyzing the major countries and companies playing significant roles in the development propulsion systems market
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