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Asia Pacific Rocket Hybrid Propulsion Market Size study, by Type (Rocket Motor, Rocket Engine) by Orbit (Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO), Beyond Geosynchronous Orbit (BGEO)), by Component (Motor Casing, Nozzle, Igniter Hardware, Turbo Pump, Propellant, Others) by Vehicle Type (Manned, Unmanned) by End User (Military and Government, Commercial) and Country Forecasts 2022-2032

July 2024 | 200 pages | ID: A6E2538B7830EN
Bizwit Research & Consulting LLP

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Asia Pacific Rocket Hybrid Propulsion Market is valued at approximately USD 1.53 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 9.99 % over the forecast period 2024-2032. Rocket hybrid propulsion is a type of rocket engine technology that combines elements of both solid and liquid propulsion systems. This hybrid approach utilizes a solid fuel and a liquid or gaseous oxidizer, bringing together the advantages of both propulsion methods while mitigating some of their respective disadvantages. The fuel in a hybrid rocket is stored in a solid state. Common materials include rubber-like substances such as hydroxyl-terminated polybutadiene (HTPB), paraffin, or other polymers. The fuel is typically contained within the combustion chamber. The rise in demand for small satellites and CubeSats has led to the development of smaller, more efficient hybrid propulsion systems. Moreover, hybrid rockets are tailored to provide economical launch options for these smaller payloads, which are often used for communication, Earth observation, and scientific research.

The Asia Pacific region is experiencing a surge in demand for rocket hybrid propulsion systems, primarily fueled by the growing environmental awareness in the aerospace industry. With concerns over climate change and sustainability on the rise, there is a strong push towards adopting eco-friendly technologies across various sectors, including space exploration. For instance, in December 2023, ISRO (Indian Space Research Organization) announced that it has tested a hybrid motor that led to the development of a new propulsion system for next launch vehicles. Furthermore, hybrid propulsion systems offer a capable solution by using propellants that are less harmful to the environment compared to traditional rocket fuels. This aligns with the environmental regulations and sustainability goals of many countries in the Asia Pacific region. Additionally, the region's burgeoning space industry is increasingly prioritizing green propulsion solutions to minimize ecological impact while advancing space exploration initiatives. As a result, there is a growing preference for rocket hybrid propulsion technology among space agencies, commercial space companies, and research institutions in the Asia Pacific. Therefore, these factors drive demand and fostering innovation in environmentally sustainable space propulsion systems across the Asia Pacific Rocket Hybrid Propulsion Market. However, integration complexity and a higher manufacturing cost of rocket hybrid propulsion stifle market growth during the forecast period 2024-2032.

The key Countries considered for the Asia Pacific Rocket Hybrid Propulsion market study include China, India, Japan, South Korea, Australia and Rest of Asia Pacific. In 2023, China was the largest regional market in terms of revenue. China has made substantial investments in its space program, with a focus on developing indigenous technologies, including rocket propulsion systems. Government support and funding facilitate research, development, and deployment of hybrid propulsion technologies. Moreover, Chinese space agencies, research institutions, and aerospace companies are actively engaged in research and development of hybrid propulsion systems, which is expected to provide various growth opportunities for the market growth during the forecast period. This includes exploring novel fuel formulations, combustion technologies, and propulsion architectures to enhance performance and reliability. Whereas, the market in India is expected to develop at the fastest rate over the forecast period.

Major market players included in this report are:
China Aerospace Science and Technology Corporation
Indian Space Research Organisation (ISRO)
Innospace
Company 4
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10


The detailed segments and sub-segment of the market are explained below:

By Type
Rocket Motor
Rocket Engine

By Orbit
Low Earth Orbit (LEO)
Medium Earth Orbit (MEO)
Geostationary Earth Orbit (GEO)
Beyond Geosynchronous Orbit (BGEO)

By Component
Motor Casing
Nozzle
Igniter Hardware
Turbo Pump
Propellant
Others

By Vehicle Type
Manned
Unmanned

By End User
Military and Government
Commercial
By Region:
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market
CHAPTER 1. ASIA PACIFIC ROCKET HYBRID PROPULSION MARKET DEFINITION AND RESEARCH ASSUMPTIONS

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
  1.3.1. Inclusion & Exclusion
  1.3.2. Limitations
  1.3.3. Supply Side Analysis
    1.3.3.1. Availability
    1.3.3.2. Infrastructure
    1.3.3.3. Regulatory Environment
    1.3.3.4. Market Competition
    1.3.3.5. Economic Viability (Consumer’s Perspective)
  1.3.4. Demand Side Analysis
    1.3.4.1. Regulatory frameworks
    1.3.4.2. Technological Advancements
    1.3.4.3. Environmental Considerations
    1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Asia Pacific Rocket Hybrid Propulsion Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
  2.3.1. By Type
  2.3.2. By Orbit
  2.3.3. By Component
  2.3.4. By Vehicle Type
  2.3.5. By End User
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

CHAPTER 3. ASIA PACIFIC ROCKET HYBRID PROPULSION MARKET DYNAMICS

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

CHAPTER 4. ASIA PACIFIC ROCKET HYBRID PROPULSION MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. ASIA PACIFIC ROCKET HYBRID PROPULSION MARKET SIZE & FORECASTS BY TYPE 2022-2032

5.1. Rocket Motor
5.2. Rocket Engine

CHAPTER 6. ASIA PACIFIC ROCKET HYBRID PROPULSION MARKET SIZE & FORECASTS BY ORBIT 2022-2032

6.1. Low Earth Orbit (LEO)
6.2. Medium Earth Orbit (MEO)
6.3. Geostationary Earth Orbit (GEO)
6.4. Beyond Geosynchronous Orbit (BGEO)

CHAPTER 7. ASIA PACIFIC ROCKET HYBRID PROPULSION MARKET SIZE & FORECASTS BY COMPONENT 2022-2032

7.1. Motor Casing
7.2. Nozzle
7.3. Igniter Hardware
7.4. Turbo Pump
7.5. Propellant
7.6. Others

CHAPTER 8. ASIA PACIFIC ROCKET HYBRID PROPULSION MARKET SIZE & FORECASTS BY VEHICLE TYPE 2022-2032

8.1. Manned
8.2. Unmanned

CHAPTER 9. ASIA PACIFIC ROCKET HYBRID PROPULSION MARKET SIZE & FORECASTS BY END USER 2022-2032

9.1. Military and Government
9.2. Commercial

CHAPTER 10. ASIA PACIFIC ROCKET HYBRID PROPULSION MARKET SIZE & FORECASTS BY COUNTRY 2022-2032

10.1. China Rocket Hybrid Propulsion Market
  10.1.1. Type breakdown size & forecasts, 2022-2032
  10.1.2. Orbit breakdown size & forecasts, 2022-2032
  10.1.3. Component breakdown size & forecasts, 2022-2032
  10.1.4. Vehicle Type breakdown size & forecasts, 2022-2032
  10.1.5. End User breakdown size & forecasts, 2022-2032
10.2. India Rocket Hybrid Propulsion Market
10.3. Japan Rocket Hybrid Propulsion Market
10.4. Australia Rocket Hybrid Propulsion Market
10.5. South Korea Rocket Hybrid Propulsion Market
10.6. Rest of Asia Pacific Rocket Hybrid Propulsion Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Key Company SWOT Analysis
  11.1.1. Company
  11.1.2. Company
  11.1.3. Company
11.2. Top Market Strategies
11.3. Company Profiles
  11.3.1. China Aerospace Science and Technology Corporation
    11.3.1.1. Key Information
    11.3.1.2. Overview
    11.3.1.3. Financial (Subject to Data Availability)
    11.3.1.4. Product Summary
    11.3.1.5. Market Strategies
  11.3.2. Indian Space Research Organisation (ISRO)
  11.3.3. Innospace
  11.3.4. Company
  11.3.5. Company
  11.3.6. Company
  11.3.7. Company
  11.3.8. Company
  11.3.9. Company
  11.3.10. Company

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes

LIST OF TABLES

TABLE 1. Asia Pacific Rocket Hybrid Propulsion market, report scope
TABLE 2. Asia Pacific Rocket Hybrid Propulsion market estimates & forecasts by Country 2022-2032 (USD Billion)
TABLE 3. Asia Pacific Rocket Hybrid Propulsion market estimates & forecasts by Type 2022-2032 (USD Billion)
TABLE 4. Asia Pacific Rocket Hybrid Propulsion market estimates & forecasts by Orbit 2022-2032 (USD Billion)
TABLE 5. Asia Pacific Rocket Hybrid Propulsion market estimates & forecasts by Component 2022-2032 (USD Billion)
TABLE 6. Asia Pacific Rocket Hybrid Propulsion market estimates & forecasts by Vehicle Type 2022-2032 (USD Billion)
TABLE 7. Asia Pacific Rocket Hybrid Propulsion market estimates & forecasts by End User 2022-2032 (USD Billion)
TABLE 8. Asia Pacific Rocket Hybrid Propulsion market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Asia Pacific Rocket Hybrid Propulsion market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Asia Pacific Rocket Hybrid Propulsion market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Asia Pacific Rocket Hybrid Propulsion market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Asia Pacific Rocket Hybrid Propulsion market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Asia Pacific Rocket Hybrid Propulsion market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Asia Pacific Rocket Hybrid Propulsion market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. Asia Pacific Rocket Hybrid Propulsion market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. Asia Pacific Rocket Hybrid Propulsion market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17. Asia Pacific Rocket Hybrid Propulsion market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 18. China Rocket Hybrid Propulsion market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. China Rocket Hybrid Propulsion market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. China Rocket Hybrid Propulsion market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. India Rocket Hybrid Propulsion market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 22. India Rocket Hybrid Propulsion market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. India Rocket Hybrid Propulsion market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. Japan Rocket Hybrid Propulsion market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 25. Japan Rocket Hybrid Propulsion market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. Japan Rocket Hybrid Propulsion market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. Australia Rocket Hybrid Propulsion market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 28. Australia Rocket Hybrid Propulsion market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. Australia Rocket Hybrid Propulsion market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. South Korea Rocket Hybrid Propulsion market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 31. South Korea Rocket Hybrid Propulsion market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 32. South Korea Rocket Hybrid Propulsion market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33.
TABLE 34. RoAPAC Rocket Hybrid Propulsion market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 35. RoAPAC Rocket Hybrid Propulsion market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 36. RoAPAC Rocket Hybrid Propulsion market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 37. List of secondary sources, used in the study of Asia Pacific Rocket Hybrid Propulsion Market.
TABLE 38. List of primary sources, used in the study of Asia Pacific Rocket Hybrid Propulsion Market.
TABLE 39. Years considered for the study.
TABLE 40. Exchange rates considered

LIST OF FIGURES

FIG 1. Asia Pacific Rocket Hybrid Propulsion market, research methodology
FIG 2. Asia Pacific Rocket Hybrid Propulsion market, market estimation techniques
FIG 3. Asia Pacific market size estimates & forecast methods.
FIG 4. Asia Pacific Rocket Hybrid Propulsion market, key trends 2023
FIG 5. Asia Pacific Rocket Hybrid Propulsion market, growth prospects 2022-2032
FIG 6. Asia Pacific Rocket Hybrid Propulsion market, porters 5 force model
FIG 7. Asia Pacific Rocket Hybrid Propulsion market, pestel analysis
FIG 8. Asia Pacific Rocket Hybrid Propulsion market, value chain analysis
FIG 9. Asia Pacific Rocket Hybrid Propulsion market by segment, 2022 & 2032 (USD Billion)
FIG 10. Asia Pacific Rocket Hybrid Propulsion market by segment, 2022 & 2032 (USD Billion)
FIG 11. Asia Pacific Rocket Hybrid Propulsion market by segment, 2022 & 2032 (USD Billion)
FIG 12. Asia Pacific Rocket Hybrid Propulsion market by segment, 2022 & 2032 (USD Billion)
FIG 13. Asia Pacific Rocket Hybrid Propulsion market by segment, 2022 & 2032 (USD Billion)
FIG 14. Asia Pacific Rocket Hybrid Propulsion market, Country snapshot 2022 & 2032
FIG 15. Asia pacific Rocket Hybrid Propulsion market 2022 & 2032 (USD Billion)
FIG 16. Asia Pacific Rocket Hybrid Propulsion market, company market share analysis (2023)


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