Propulsion Systems Global Market Report 2023 – By Type (Air Breathing, Non Air Breathing), By Application (Airplanes, Missiles, Unnamed Aerial Vehicles, Spacecraft), By End User (Commercial, Government and Military) – Market Size, Trends, And Global Forecast 2023-2032

Motor vehicle refers to any land vehicle that is not propelled by human muscle power, including cars, motorbikes, autocycles, and slow-moving vehicles. An engine or motor, typically an internal combustion engine, an electric motor, or a hybrid of the two, such as a plug-in hybrid or hybrid electric vehicle, provides the propulsion for the vehicle. The main types in the motor vehicles market are motorcycles and bicycles, passenger cars and commercial vehicles. A commercial vehicle refers to a vehicle that is used for commercial purposes. The various fuel types include gasoline, diesel, and other fuel types. These have an engine capacity of 1000 cc, 1000-1500 cc, 1500-2000 cc, and >2000 cc. These have propulsion types such as ic engines and electric vehicles. The global motor vehicles market is segmented - 1) By Type: Motorcycle And Bicycle, Passenger Car, Commercial Vehicle 2) By Fuel Type: Gasoline, Diesel, Other Fuel Types 3) By Engine Capacity: <1000 cc, <1000-1500 cc, <1500-2000 cc, >2000 cc 4) By Propulsion Type: IC Engine, Electric Vehicle Subsegments Covered: Motorcycles And Parts, Bicycles And Parts, Motor Scooters, Other Motorcycle And Bicycle, Hatchback, Sedan, Utility Vehicle, Light Commercial Vehicle, Heavy Trucks, Buses And Coaches The global motor vehicles market size grew from $2398.24 billion in 2022 to $2643.91 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The motor vehicles market is expected to grow to $3818.12 billion in 2027 at a CAGR of 9.6%. The motor vehicles market is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the motor vehicles market during the forecast period. Major companies in the motor vehicles market include Volkswagen AG, Toyota Motor Corp, Daimler AG, Ford Motor Co, Honda Motor Co Ltd., Fiat Chrysler Automobiles NV, SAIC Motor Co Ltd., EXOR Group, Bayerische Motoren Werke AG, and Hyundai Motor Co Ltd. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the motor vehicles market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries-imposed lockdowns. The outbreak is expected to continue to hurt businesses throughout 2020 and into 2021. However, it is expected that the automotive industry will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Motor vehicle manufacturers, especially car manufacturers, are increasingly focusing on the commercialization of cars with active window displays. The active window displays will show all key driving information on the windshield. It shows information such as navigation instructions, fuel level information, vehicle speed, and other information. Some car manufacturers are also offering technologies that can be fixed on the dashboard of a car. For instance, in 2021, Huawei revealed its latest innovation at the Munich International Automobile Expo in Germany. The new AR HUD technology is an augmented reality-based system that transforms a car's front windshield into a smart display. Asia-Pacific was the largest region in the motor vehicles market in 2022. North America was the second largest market in automotive motors market. The regions covered in the motor vehicle parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries in the motor vehicles market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The motor vehicles market consists of sales of bicycles and parts, motor scooters, other motorcycle and bicycle, hatchback, sedan, utility vehicle, light commercial vehicle, heavy trucks, buses and coaches. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The motor vehicles market research report is one of a series of new reports from The Business Research Company that provides motor vehicles market statistics, including motor vehicles industry motor vehicles market size, regional shares, competitors with a motor vehicles market share, detailed motor vehicles market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle industry. This motor vehicles market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and

The marine hybrid propulsion are hybrid propulsion systems for marine applications that combines combustion engines with battery power to optimize engine operation and reducing emissions. Hybrid propulsion is a propulsion system for a vehicle that involves two or more sources of propulsion in one design usually that can be used collectively or alternately. Hybrid propulsion improves the fuel efficiency of vessels with variable power demands such as tug boats, fishing vessels, and others. The main propulsion types of marine hybrid propulsion are diesel-electric, parallel hybrid, serial hybrid, full electric, gas turbine, and fuel cell. A diesel-electric propulsion system can employ a single engine to drive several propellers or several engines to power one or more propellers. Electric propulsion is widely used in specific vessel designs. Diesel engines provide approximately 90% of the energy in marine applications. In a parallel hybrid propulsion system, the engine and electric motor work in tandem to generate the power that drives the wheels. When power demands are low, parallel hybrids utilize the motor as a generator for supplemental recharging. The serial hybrid system uses a single electric motor and can both generate power and store energy. The system optimizes fuel consumption with a constant-speed generator engine. Full electric propulsion systems utilize electrical power to drive propeller blades for propulsion. Normally electrical propulsion is used in small vessels but nowadays shipping companies are adopting this system for big-size cargo vessels as well. A gas turbine propulsion system is a type of continuous and internal combustion engine that pulls together all of the systems and subsystems associated with gas turbine engines in aircraft and marine warship applications. Fuel cell propulsion systems are similar to that of electric vehicles, where energy stored as hydrogen is converted to electricity by the fuel cell. The different types of ships include anchor handling tug supply vessels, platform supply vessels, yachts, motor ferry, cruise liner, and others and operates in various power ranges such as 0-300 KW, 301-500KW, and 501KW-800KW. It is used in commercial, logistics, offshore drilling and naval, and other applications. The global marine hybrid propulsion market is segmented - 1) By Propulsion Type: By Propulsion Type, Diesel-Electric, Parallel Hybrid, Serial Hybrid, Full Electric, Gas Turbine, Fuel cell 2) By Ship Type: Anchor Handling Tug Supply Vessels, Platform Supply Vessels, Yachts, Motor Ferry, Cruise Liner, Others 3) By Power Rating: 0-300 KW, 301-500 KW, 501-800 KW 4) By Application: Commercial, Logistics, Offshore Drilling, Naval, Others The global marine hybrid propulsion market size grew from $3.52 billion in 2022 to $3.96 billion in 2023 at a compound annual growth rate (CAGR) of 12.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global marine hybrid propulsion is expected to grow to $6.12 billion in 2027 at a CAGR of 11.5%. An increase in international trade is contributing to the growth of the marine hybrid propulsion market. Most of the internationally traded goods are transported using cargo vessels and ships. Hybrid propulsion improves the fuel efficiency of vessels with variable power demands. According to UNCTAD’s Global Trade Update, in 2021, there was an overall record value of $28.5 trillion in global trade, compared to 2020, the increase was about 25%, and compared to 2019, it was about 13%. Increased commodity prices, subsiding pandemic restrictions, and strong economic stimulus packages all contributed to the positive trend in international trade in 2021. Thus, the surge in international trade boosts the number of cargo vessels and ships fleet and which in turn, drives the market for marine hybrid propulsion. Major players in the marine hybrid propulsion market are BAE Systems, Schottel, MAN Energy Solutions, Siemens, ABB Ltd., General Electric Company, Steyr Motors, Mitsubishi Heavy Industries, Torqeedo, and Wartsila Corporation. The launch of integrated propulsion systems has emerged as a key trend in the marine hybrid propulsion market. Major players operating in the marine hybrid propulsion field are focusing on introducing new hybrid propulsion systems to improve performance, environmental compatibility, and propulsion system versatility. For instance, in November 2020, Havyard, a Norwegian shipbuilding group announced that its new hydrogen propulsion system for large ocean-going ships should be completed next year as a potential alternative fuel to help reduce its carbon footprint. It has developed a ship’s propulsion systems with integrated LH2 tanks and fuel cells. In June 2020, Gula Skrinet AB, a global supplier of customized marine propulsion systems acquired Caterpillar Propulsion AB for an undisclosed amount. The proposed acquisition develops Gula Skrinet AB’s external relationships, products, and services in close cooperation with customers and partners. Caterpillar Propulsion AB is a Sweden-based manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships. Europe was the largest region in the marine hybrid propulsion market share in 2022. The regions covered in the global marine hybrid propulsion market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the marine hybrid propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The marine hybrid propulsion market consists of sales of electric motor, energy storage device, battery system, electric machine, power electronics. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The marine hybrid propulsion market research report is one of a series of new reports from The Business Research Company that provides marine hybrid propulsion market statistics, including marine hybrid propulsion industry global market size, regional shares, competitors with a marine hybrid propulsion market share, detailed marine hybrid propulsion market segments, market trends and opportunities, and any further data you may need to thrive in the marine hybrid propulsion industry. This marine hybrid propulsion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Space propulsion is a technique used to accelerate spacecraft and artificial satellites. Spacecrafts are mainly propelled by the use of a rocket engine. The main types of space propulsion are chemical propulsion and non-chemical propulsion. Chemical propulsion refers to propulsion in which the thrust is provided by the product of a chemical reaction, normally burning (or oxidizing) a fuel. By platform, types of space propulsion include satellites, capsules\cargos, interplanetary spacecraft and probes, rovers/spacecraft landers, and launch vehicles. Major end users of space propulsion are commercial and government and defense entities. The system components used in space propulsion are chemical propulsion thrusters, electric propulsion thrusters, propellant feed systems, rocket motors, nozzles, propulsion thermal control and power processing units. The orbits of space propulsion are low earth orbit (LEO), medium earth orbit (MEO), geostationary earth orbit (GEO), and beyond geosynchronous orbit. The global space propulsion market is segmented – 1) By Type: Chemical Propulsion, Non-chemical Propulsion 2) By Platform: Satellites, Capsules\Cargos, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, Launch Vehicles 3) By End User: Commercial, Government & Defense 4) By System Component: Chemical Propulsion Thrusters, Electric Propulsion Thrusters, Propellant Feed Systems, Rocket Motors, Nozzles, Propulsion Thermal Control, Power Processing Units 5) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO), Beyond Geosynchronous Orbit The global space propulsion market size grew from $8.25 billion in 2022 to $9.26 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global space propulsion is expected to grow to $15.56 billion in 2027 at a CAGR of 13.8%. Increased government investments in space technology are driving the space propulsion market. For instance, in 2021, Westcott Space Cluster in Aylesbury Vale Enterprise Zone invested in a new National Space Propulsion Test Facility (NSPTF), which collected £4 million ($5.44 million) in sponsoring from the UK government Space Agency. The new facility will permit innovation in propulsion technology, including low cost development and testing of more capable engines for interplanetary travel. So, increasing investments in space technology will drive the space propulsion market going forward. Major players in the space propulsion market are OHB SE, Accion System, Boeing, Northrop Grumman Corporation, MAXAR Technologies, Thales Alenia Space, Airbus Defense and Space, Vacco Industries, MOOG Inc., Cobham Mission Systems Wimborne Limited, Safran S.A., NPO Splav, BAE Systems, Hanwha Group, and Avibras Indústria Aeroespacial. Research and development are a key trend gaining popularity in the space propulsion market. For instance, in 2021, the US federal government remains the major source of funding for space R&D. Investment in new space industries now accounts for approximately $5 billion to $6 billion per annum in Space Research & Development investment up from less than $1 billion only a decade ago. Some of these industries receive funding from investment firms, while others are backed by their wealthy founders. Commercial research and development investing within the space department have grown by 22% per annum and more than twice the 10% improvement for US government spending. In 2021, Astra, a US-based company focused on commercial rockets and satellites, announced the acquisition of electric propulsion maker Apollo Fusion for a final purchase price of $50 million. with $30 million in stock and $20 million in cash. This acquisition could strengthen Astra's ability to efficiently manage and supply spacecraft beyond LEO. Apollo Fusion is a US-based company that produces two EP thruster systems, the Apollo Constellation Engine (ACE) and the ACE Max. North America was the largest region in the space propulsion market in 2022. North America is expected to be the fastest-growing region in the space propulsion market share during the forecast period. The regions covered in the space propulsion market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the space propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The space propulsion market consists of sales of electric, and propellant-less space propulsions. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The space propulsion market research report is one of a series of new reports from The Business Research Company that provides space propulsion market statistics, including space propulsion industry global market size, regional shares, competitors with a space propulsion market share, detailed space propulsion market segments, market trends and opportunities, and any further data you may need to thrive in the space propulsion industry. This space propulsion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Hyperloop technology refers to ultra-high-speed ground transportation technology for passenger and goods transportation. The transportation system consists of sealed or partially evacuated tubes connecting mobility hubs in metropolitan areas through pressurized vehicles, which are referred to as pods. The main types of hyperloop transport system includes capsule, guideway, propulsion system, and route, and they are used for passenger and freight transportation. The capsule segment consists of sales of capsule-based hyperloop technology products by entities (organizations, sole proprietors, partnerships) that refers to hyperloop technology products, which consists of a passenger pods or capsules and move via a tube that is either above or below ground. Pumps remove most, but not all, of the air from the tubes to reduce friction. Overcoming air resistance is one of the most energy-intensive aspects of high-speed transportation. These transportation systems travel at a speed of less than 700 kmph and more than 700 kmph. The global hyperloop technology market is segmented – 1) By Transportation System: Capsule, Guideway, Propulsion System, Route 2) By Carriage Type: Passenger, Cargo/Freight 3) By Speed: More than 700 kmph, Less than 700 kmph The global hyperloop technology market size will grow from $1.06 billion in 2022 to $1.51 billion in 2023 at a compound annual growth rate (CAGR) of 42.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of hyperloop technology market is expected to grow to $6.13 billion in 2027 at a CAGR of 42.0%. The rise in demand for a faster mode of transportation has propelled the growth of the hyperloop technology market. The Hyperloop system contains sealed and partially evacuated tubes that connect mobility hubs in large metropolitan areas, as well as pressurized vehicles, commonly referred to as pods, that can travel at high speeds. Contactless levitation and propulsion methods, as well as reduced aerodynamic drag, make this possible. Passengers may travel from city to city in less than 45 minutes, at a top speed of 760 mph, using this hyperloop technology. For instance, Virgin Hyperloop stated in November 2021 that the Pegasus passenger-carrying vehicle would make its public premiere at the Smithsonian Arts and Industries Building. Between November and July 2022, visitors will be able to witness the Pegasus vehicle at the Futures exhibition. Because of the increased desire for faster modes of transportation, the demand for hyperloop technology is expected to boost during the forecast period. Major players in the hyperloop technology market are AECOM, Dinclix Groundworks. (DGW Hyperloop), Hyperloop One, Inc., Hyperloop Transportation Technologies, Space Exploration Technologies Corp., Transpod Inc., Zeleros, Dinclix GroundWorks, Hyperloop India, Tesla, Inc., Uwashington Hyperloop, VicHyper, Arrivo Corporation, Hardt Global Mobility, and The Boring Company. Strategic collaboration between companies is a key trend gaining popularity in the Hyperloop technology market. Companies that are developing hyperloop technology are undergoing partnerships and collaboration to develop new technologies. For instance, in February 2020 Saudi Arabia announced an agreement with Virgin Hyperloop to conduct a study on the use of hyperloop technology for the transport of passengers and cargo in the country. It added that under a deal with Virgin Hyperloop One (VHO), the world's leading hyperloop firm, a revolutionary pre-feasibility study on the usage of hyperloop technology would be completed, laying the framework for a network of hyperloop routes across Saudi Arabia. With the capacity to travel from Riyadh to Jeddah in 46 minutes, Neom from Jeddah in 40 minutes, Riyadh to Dammam and Jubail in 28 minutes, and beyond the Kingdom, Riyadh to Abu Dhabi in 48 minutes, the Kingdom is well connected to the Gulf.The increase in these agreements between the governments and companies for the development of hyperloop technology will help for the Development of this industry. R&D and testing investments are a key trend gaining popularity in the hyperloop technology market. The companies developing hyperloop technology products are increasing investing development of innovative technology with great operational potential and testing of developed products to their existing products into commercialization. For instance, in April 2022, TransPod, a Canada-based developer of hyper technology received $550 million in funding from UK’s Broughton Capital Group and China-state owned China-East Resources Import and export company, which would be used for the construction of the project. North America was the largest region in the hyperloop technology market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the hyperloop technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hyperloop technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The hyperloop technology market include revenues earned by entities by pods and tubes. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hyperloop technology market research report is one of a series of new reports from The Business Research Company that provides hyperloop technology market statistics, including hyperloop technology industry global market size, regional shares, competitors with a hyperloop technology market share, detailed hyperloop technology market segments, market trends and opportunities, and any further data you may need to thrive in the hyperloop technology industry. This hyperloop technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hydrogen peroxide is a mild antiseptic that can be used on the skin to prevent infection or minor injuries. It is generally available in the form of aqueous solutions. It is used as an oxidizer, bleaching agent, and antiseptic in a dilute solution (3–6% by weight) in water for consumer use, and at higher concentrations for industrial use. Hydrogen peroxide can also be used to treat mouth ulcers and irritation, as well as for mouth rinsing. The main types of hydrogen peroxide are bleaching, oxidizing, sterilizing/disinfecting, propulsion, and other functions. Bleaching, or the removal of natural color from fabric, such as the tan of linen, is generally done using chemicals that are chosen based on the chemical makeup of the fiber. It is used in various industries such as pulp and paper, chemical synthesis, healthcare and personal care, food processing, textile, water and wastewater treatment, electronics and semiconductor, and other end-users. The global hydrogen peroxide market is segmented - 1) By Function: Bleaching, Oxidizing, Sterilizing/Disinfecting, Propulsion, Other Functions 2) By Grade: Standard, Chemical, Cosmetic, Aseptic, Food, Semiconductor 3) By End-Use Industry: Pulp And Paper, Chemical Synthesis, Healthcare And Personal Care, Food Processing, Textile, Water And Wastewater Treatment, Electronics And Semiconductor, Other End-Users The global hydrogen peroxide market size grew from $3.07 billion in 2022 to $3.24 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The hydrogen peroxide market size is expected to grow to $4.05 billion in 2027 at a CAGR of 5.7%. The increasing demand for environmental-friendly solutions is driving the hydrogen peroxide market growth. Hydrogen Peroxide when mixed with other chemicals acts as a disinfectant and can be used to clean hospitals and houses. It is also cost-effective and can be recycled over and over again making it an environmentally friendly solution. For instance, in the year May 4, 2020, Chen, a nanoengineering Professor, at the University of California San Diego, and his team innovated a new, portable, eco-friendly method to synthesize hydrogen peroxide this design is easy to use, and this is a rapid way to produce hydrogen peroxide in-house and cost-effective as well. A portable and eco-friendlier way to synthesize hydrogen peroxide, a disinfectant in demand, could now allow hospitals to produce their supply and this method could save up to 50 to 70% in costs. Major players in the hydrogen peroxide market are Aditya Birla Chemicals Limited, AkzoNobel N.V., Arkema SA, Chang Chun Petrochemical, Evonik Industries AG, FMC Corporation, Gujarat Alkalies and Chemicals Ltd., Hansol Chemical, Kemira Oyj, Mitsubishi Gas Chemical Company Inc., National Peroxide Ltd., OCI Company Ltd., PeroxyChem LLC, Solvay SA, The Dow Chemical Company, EkO Peroxide LLC, Grupa Azoty, Guangdong Zhongcheng Chemicals, Huatai Group, Indian Peroxide Limited, and Thai Peroxide Co. Limited. Increasing adoption of H2O2 in food and electronic application are shaping the hydrogen peroxide market. Hydrogen peroxide (H2O2) is a colorless, odorless, and slightly acidic liquid used mainly as an oxidant in chemical synthesis, and this chemical is used in a wide range of products including cleaning, personnel care, semiconductor industry, printed circuit boards etching, and others. For instance, in March 2021 Solvay, a supplier of high purity hydrogen peroxide to the European semiconductor market built a new Electronic Grade production facility to produce high purity H2O2. Hydrogen peroxide of high purity is used in the production of semiconductor chips. It meets the quality and volume needs of the semiconductor industry now and in the future. Solvay's client population has successfully qualified the product from the new line. In February 2020, United Initiators, a Germany-based manufacturer of organic peroxides, persulfates, and hydrogen peroxide announced the acquisition of the Hydrogen Peroxide (H2O2) plant from Evonik Industries for an undisclosed amount. With this acquisition, United Initiators (UI) is establishing its position in Pacific Northwest and Canada in particular to declare a strong position in pulp and paper and mining applications. Evonik is a Germany-based manufacturer and supplier of hydrogen peroxide. Asia-Pacific was the largest region in the hydrogen peroxide market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydrogen peroxide market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hydrogen peroxide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The hydrogen peroxide market consists of sales of hydrogen peroxide which is used as antiseptic and sterilizer. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hydrogen peroxide market research report is one of a series of new reports from The Business Research Company that provides hydrogen peroxide market statistics, including hydrogen peroxide industry global market size, regional shares, competitors with a hydrogen peroxide market share, detailed hydrogen peroxide market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen peroxide industry. This hydrogen peroxide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Small satellite refers to the satellites that weigh less than 1,000 kg (2,204 pounds). Small satellites are created by small, highly engaged teams who work on them from conception to launch and operation. Small satellites' weight is reduced even further by using lighter materials in mechanical systems and designing subsystems without redundancy. The main types of small satellites are minisatellite, microsatellite, nanosatellite, pico-satellites, femto satellites. Minisatellites are smaller in size. The minisatellite will usually weigh 100-500 kgs. They can orbit in Low Earth Orbit (LEO), Middle Earth Orbit (MEO), Geostationary Earth Orbit (GEO). The components of these are structures, payload, electric power system, solar panel and antenna systems, propulsion systems, other components that are applied in earth observation and remote sensing, satellite communication, science and exploration, mapping and navigation, space observation, other applications. There are various end-users such as commercial, academic, government and military, other end-users. The global small satellite market is segmented – 1) By Type: Minisatellite, Microsatellite, Nanosatellite, Pico-Satellites, Femtosatellites 2) By Orbit: Low Earth Orbit (LEO), Middle Earth Orbit (MEO), Geostationary Earth Orbit (GEO) 3) By Component: Structures, Payload, Electric Power System, Solar Panel And Antenna Systems, Propulsion Systems, Other Components 4) By Application: Earth Observation And Remote Sensing, Satellite Communication, Science And Exploration, Mapping And Navigation, Space Observation, Other Applications 5) By End-User: Commercial, Academic, Government And Military, Other End-Users The global small satellite market size grew from $4.36 billion in 2022 to $5.34 billion in 2023 at a compound annual growth rate (CAGR) of 22.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global small satellite is expected to grow to $11.32 billion in 2027 at a CAGR of 20.6%. The increase in space exploration missions are significantly driving the growth of the small satellite market. Various government agencies across the world are increasing their space missions and small satellites help them to complete their space missions. According to economic times, an English daily newspaper, China's National Space Administration (CNSA) estimates that the government will launch around 100 satellites by 2025. Similarly, according to the US Air Force Research Laboratory, a scientific research organization operated by the United States Air Force Materiel Command, the US military intends to expand its space awareness capabilities beyond geostationary orbit and aims to start patrolling the Moon taking the mission to the other side of Moon about 1000 times higher. These advances are projected to have a favorable impact on the need and usage of small satellites across the world. Major players in the small satellite market are Sierra Nevada Corporation, Lockheed Martin Corporation, Airbus, L3 Harris Technologies, The Aerospace Corporation, Planet Labs, GomSpace, Boeing, Space Exploration Technologies, Blue Canyon Technologies, Honeywell International Inc., ST Engineering, Orbital ATK, Inc., Ball Corporation, Israel Aerospace Industries Ltd., QinetiQ, ISIS- Innovative Solutions In Space B.V., Surrey Satellite Technology Ltd. and Spire Global. Technological advancements are shaping the small satellite market. Major companies operating in the small satellite market are focused on bringing advancements in technologies that offer to strengthen their position. For instance, in July 2020, Airbus, a European multinational aerospace corporation, created the Prometheus 1 next-generation software-defined radio payload with innovative technology to provide the tremendous capability to clients. Prometheus 1 is a software-defined radio with a 400 MHz UHF antenna that can be reconfigured while in space using disruptive technology. It will be able to assess radio spectrum utilization around the planet from space, detect Faraday-1 satellite radar monitoring, and identify and locate search and rescue beacons. Because it possesses features that are superior, disruptive technology washes away the systems or behaviors it replaces. In August 2021, Space X, a leading a US-based aerospace manufacturer, acquired Swarm for an undisclosed amount. As a result of this acquisition, SpaceX's business will expand as a result of its ownership of a constellation of 120 sandwich-sized satellites and also a ground station network. Swarm is a U.S-based start-up that developed sandwich-sized small satellites and manufactures low-cost components used in the satellite and provides data connectivity as well. North America was the largest region in the small satellite market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in small satellite market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the small satellite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The small satellite market consists of sales of spacecraft bus, launcher, ground system. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The small satellite market research report is one of a series of new reports from The Business Research Company that provides small satellite market statistics, including small satellite industry global market size, regional shares, competitors with a small satellite market share, detailed small satellite market segments, market trends and opportunities, and any further data you may need to thrive in the small satellite industry. This small satellite market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

eVTOL aircraft refer to electric vertical takeoff and landing aircraft that uses electric power to hover, take off, and land vertically. The focus of eVTOL is to offer a new class of aircraft that revolutionizes inter- and intra-city movement, providing quick, direct, and clean mobility. It uses motors, batteries, fuel cells, and electronic controllers to generate electric power for hovering, taking off, and landing vertically. The main technologies used in eVTOL aircraft market include vectored thrust, multirotor, and lift pulse cruise. The vectored thrust eVTOL aircraft refers to a technology used to change the thrust angle from its engine or motor to control the attitude or angular velocity of the aircraft. It is typically used to control pitch and yaw attitude on boosters and upper stages. The propulsion systems used in eVTOL aircraft include fully electric, hybrid electric, and hydrogen electric. Both autonomous and piloted eVTOL aircraft are used in a wide range of applications including air taxis, air shuttles and air metro, private transport, cargo transport, air ambulance and medical emergency, last-mile delivery, inspection and monitoring, surveying and mapping, surveillance, special mission, and others. The global eVTOL aircraft market is segmented - 1) By Lift Technology: Vectored Thrust, Multirotor, Lift Plus Cruise 2) By Propulsion Type: Fully Electric, Hybrid Electric, Hydrogen Electric 3) By Mode of Operation: Autonomous, Piloted 4) By Application: Air Taxis, Air Shuttles And Air Metro, Private Transport, Cargo Transport, Air Ambulance And Medical Emergency, Last Mile Delivery, Inspection and Monitoring, Surveying and Mapping, Surveillance, Special Mission, Others The global evtol aircraft market size grew from $7.88 billion in 2022 to $9.24 billion in 2023 at a compound annual growth rate (CAGR) of 17.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global evtol aircraft is expected to grow to $20.72 billion in 2027 at a CAGR of 22.4%. The growing need for green energy and noise-free aircraft is propelling the growth of the eVTOL aircraft market. The strive for greater fuel efficiency and reduction of noise pollution is the central need to reduce environmental impact. The energy for eVTOL aircraft is generated by powered lift designs using turbofan engines with auxiliary/ augmented lift fans. Most electric-powered VTOL aircraft being developed today will use distributed electric propulsion (DEP) as a gateway to sustainable aviation. For instance, in March 2020, according to Aan article published by Dassault Systèmes, a Europe-based company, estimated the growing need for eVTOL aircraft where the market will grow exponentially, to an estimated 1.3 billion passengers over 20 years, with a demand for 28,000 eVTOL aircraft. Therefore, the growing need for green energy and noise-free aircraft will drive the growth of the eVTOL aircraft market. Major players in the eVTOL aircraft market are Airbus SE, Bell Textron Inc., Embraer SA, EHang Holdings Ltd., Elbit Systems Ltd., Kitty Hawk, Lilium, Volocopter GmbH, Joby Aviation, Urban Aeronautics Ltd., Pipistrel, Moog Inc., The Boeing Co., Karem Aircraft Inc., Lift Aircraft, Aurora Flight Sciences, Workhorse, Elroy Air, Textron Inc., SkyDrive Inc., Neva Aerospace, Opener Inc., Workhorse Group, Uber Technologies Inc., Terrafugia, Archer Aviation Inc., Jaunt Air Mobility LLC, Overair Inc and Samad Aerospace. Technological advancement is a key trend gaining popularity in the eVTOL aircraft market. Major companies operating in the eVTOL aircraft market are focused on providing technologically advanced solutions to strengthen their market position. These companies are implementing next generation eVTOL aircraft technologies into their services, such as IoT, ultra-edge hydrogen and battery cell, Onboard sensors and collision prevention systems, AI technology, 5G communication, and others. For instance, In April 2022, Hyundai, an automotive manufacturer company, explored hydrogen fuel cell technology for the electric short Take-off and landing eVTOL aircraft segment. The company expects hydrogen fuel cell technology to have a long enough range to complete intercity trips. In December 2020, Joby Aviation, a US-based aerospace company developing an electric vertical takeoff and landing aircraft acquired Uber Elevate for an undisclosed amount. This acquisition of Uber elevate will create integration between ground and air travel for future customers by integrating their respective services into each other’s apps for joby aviation. Uber Elevate is a US-based company initiative to develop, deploy and eventually offer consumers an air-based taxi travel service. North America was the largest region in the eVTOL aircraft market in 2022. North America is expected to be the fastest-growing region in the eVTOL aircraft market during the forecast period. The regions covered in the global eVTOL aircraft market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the eVTOL aircraft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The eVTOL aircraft market consists of sales of eVTOL aircraft having carrying weight capacity of less than 200 Kg and beyond. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The eVTOL aircraft market research report is one of a series of new reports from The Business Research Company that provides eVTOL aircraft market statistics, including eVTOL aircraft industry global market size, regional shares, competitors with an eVTOL aircraft market share, detailed eVTOL aircraft market segments, market trends and opportunities, and any further data you may need to thrive in the eVTOL aircraft industry. This eVTOL aircraft market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Rocket propulsion refers to the act of pushing a rocket forward with force in order to launch it into the atmosphere. The rocket propulsion is used to produce thrust, the force which moves a rocket through the air and through space. Rockets require a solid or liquid propellant, which consists of a fuel source and an oxidizer which provides the oxygen required to burn the fuel. The main types of rocket propulsion markets are solid propulsion, liquid propulsion, and hybrid propulsion. Solid propulsion refers to a type of propulsion system in which, the fuel and oxidizer are mixed together into a solid propellant and used as boosters for launch. The orbits in rocket propulsion include LEO, MEO, GEO, and beyond GEO. The different launch vehicle types utilizing in rocket propulsion systems include manned and unmanned. The various end-users of rocket propulsion systems include civil and commercial, and military. The global rocket propulsion market is segmented - 1) By Propulsion Type: Solid, Liquid, Hybrid 2) By Orbit Type: LEO, MEO, GEO, Beyond GEO 3) By Launch Vehicle Type: Manned, Unmanned 4) By End User Type: Civil and Commercial, Military The global rocket propulsion market size grew from $5.21 billion in 2022 to $5.64 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global rocket propulsion is expected to grow to $7.86 billion in 2027 at a CAGR of 8.6%. Increased spending and capital investment by government bodies and space companies are significantly driving the rocket propulsion market. Capital investment refers to the acquisition of physical assets by a company for use in furthering its long-term business goals and objectives. Industries are investing huge capital in space exploration, and product innovation for technological advancements, and government agencies also taking initiatives and allowing them to spend more on research and development and produce more efficient and creative technology. For instance, according to Space Capital LP, a US-based venture capital firm that invests in space-based technologies, with another $7.2 billion invested in the Q1 2022, venture capital invested $17.1 billion into 328 space companies in 2021, accounting for 3% of total global venture capital flows. According to USAspending, a US-based official open data source of federal spending information, in FY 2022, the National Aeronautics and Space Administration (NASA) had $30.44 bn in available budgetary resources distributed among its 1 agency sub-components to drive advances in technology, aeronautics, and space exploration to enhance knowledge and innovation. Therefore, increasing spending and capital investment by government bodies and space companies is predicted to boost demand for rocket propulsion systems during the forecast period. Technological advancements and innovations are the key trends gaining popularity in the rocket propulsion market. Many research institutes and companies are developing innovative products to meet industry demands and strengthen their business presence in the rocket propulsion systems sector. For instance, according to Science Daily, a US-based press release that publishes about science, in 2020, researchers from the University of Central Florida invented a new rocket propulsion system, known as a rotating detonation rocket engine, that allows upper-stage rockets for space missions to become lighter, travel farther, and burn more cleanly. This technique increases the efficiency of rocket engines, allowing greater power to be created while consuming less fuel than typical rocket energy, decreasing the rocket's load, costs, and pollutants. Major players in the rocket propulsion market are Aerojet Rocketdyne, Mitsubishi Heavy Industries, Space Exploration Technologies Corp., Safran S.A., Blue Origin, JSC Kuznetsov, Yuzhmash, Rocket Lab, NPO Energomash, Orbital ATK, Lockheed Martin, Thales Group, Kongsberg Gruppen ASA, The Raytheon Company, and Roketsan A.S. In August 2021, Phantom Space Corporation, a US-based space transportation and rocket manufacturing company, acquired Micro Aerospace Solutions for an undisclosed amount. This deal is expected to help Phantom Space Corporation expand space access by mass-producing launch vehicles, satellites, and space propulsion technologies. Micro Aerospace Solutions is a US-based company, that manufactures space propulsion systems and specializes in thruster design and propulsion systems. Asia-Pacific was the largest region in the rocket propulsion market in 2022, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the rocket propulsion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the rocket propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The rocket propulsion market consists of sales of cryogenic propulsion, electric propulsion system and nuclear propulsion. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The rocket propulsion market research report is one of a series of new reports from The Business Research Company that provides rocket propulsion market statistics, including rocket propulsion industry global market size, regional shares, competitors with a rocket propulsion market share, detailed rocket propulsion market segments, market trends and opportunities, and any further data you may need to thrive in the rocket propulsion industry. This rocket propulsion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.