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The global advanced rocket and missile propulsion systems market report shows a significant growth in the market. The advanced rocket and missile propulsion systems market is anticipated to grow at a CAGR of 9.65% based on market value during the forecast period 2020-2025.
However, the demand for advanced rocket and missile propulsion systems by value is expected to grow due to the growing number of satellite launches and rising research and development activities to develop cost-efficient propulsion technologies. Additionally, the growing demand for missile and ballistic missile defense systems is propelling the demand for advanced rocket and missile propulsion systems.