The Thrust Vector Control Global Market Report 2023, provides comprehensive information on the thrust vector control market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global thrust vector control market size is expected to grow from $10.74 billion in 2022 to $11.83 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. 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 thrust vector control market is expected to reach $16.84 billion in 2027 at a CAGR of 9.2%.
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The advancement of 3D printing is the key trend gaining popularity in the thrust vector control market. Major companies operating in thrust vector control are focused on developing innovative 3D products to strengthen their position in the market. For instance, in May 2023, Relativity Space, a US-based manufacturer of aerospace technologies, launched Terran 1. This was the first launch of a 100-foot-tall and 7.5-foot-wide test rocket composed completely of 3D-printed parts. Terran 1 highlighted a remarkable innovation with its utilization of nine engines crafted through additive manufacturing. These engines were constructed using a groundbreaking copper alloy, which exhibited the capability to withstand temperatures surpassing 6,000 degrees Fahrenheit. A 3D computer model is digitally sliced into thin layers in laser powder bed fusion.
The thrust vector control market is segmented:
1) By Type: Gimbal Nozzle, Thrusters, Flex Nozzle, Rotating Nozzle, Other Types
2) By System: Thrust Vector Actuation System, Thrust Vector Injection System, Thrust Vector Thruster System
3) By Application: Launch Vehicles, Satellites, Missiles, Fighter Aircraft
4) By End-User: Space Agencies, Defense
North America was the largest region in the thrust vector control market in 2022.
The table of contents in TBRC’s thrust vector control market report includes:
1. Executive Summary
2. Thrust Vector Control Market Characteristics
3. Thrust Vector Control Market Trends And Strategies
4. Thrust Vector Control Market – Macro Economic Scenario
5. Thrust Vector Control Market Segmentation
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26. South America Thrust Vector Control Market
27. Brazil Thrust Vector Control Market
28. Middle East Thrust Vector Control Market
29. Africa Thrust Vector Control Market
30. Thrust Vector Control Market Competitive Landscape And Company Profiles
Top Major Players:
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