World Propulsion Systems Market to Gain Good Momentum in Years to Come, States SDI in Its New Report Published at MarketPublishers.com03 Oct 2017 • by Natalie Aster
LONDON – The propulsion systems market is anticipated to gain momentum moving forward. The growth is set to be mainly driven by the huge current and prospective procurements of military platforms, like aircraft, UAVs, helicopters, warships, underwater vessels and combat vehicles. The rising number of regional conflicts in tandem with an upsurge in global terrorism has led to a stable demand for military platforms from pole to pole, which in its turn is giving a boost to the military propulsion systems marketplace. In addition, aircraft and helicopters are more and more being used for commercial operations like corporate transportation, law administration, SAR missions and emergency medical treatment services, resulting in a sustainable demand for air-based propulsion systems in the civil world, too.
Geography-wise, North America is poised to take the lead in terms of spending on propulsion systems, propelled by its heavy procurement of military and civil platforms. Europe and APAC are also set to be the main markets for propulsion systems, with nations like the UK, China and Russia creating novel and innovative technologies in this area.
Orbital ATK Inc., Aerojet Rocketdyne, Honeywell, Pratt & Whitney, and Rolls-Royce, amid others, are the dominant players in the market space.
New topical report “The Global Propulsion Systems Market - Key Drivers, Trends and New Developments” drawn up by SDI offers a profound analysis and forecast of the market from a world perspective with a focus on key regions.
The study sheds light on the major technology-specific and market trends in the industry, and also identifies and canvasses drivers and factors that have a bearing on the demand for propulsion systems. In addition, the report presents an extensive overview of top 5 spenders in the domain, comprising recent procurements performed by these nations and profiles of the 5 leading propulsion system makers in the space.
For many more new market research studies by this publisher follow Strategic Defence Intelligence page at MarketPublishers.com.