Space Propulsion System Market Analysis, Region & Country Revenue Share, & Forecast Till 2032

 The global space propulsion system market size is expected to reach 19.97 billion in 2028 and register a revenue CAGR of 14.6% in 2028, according to latest analysis by Emergen Research. Market revenue growth can be attributed to increasing emphasis on decreasing costs associated with space missions. Space propulsion system, particularly non-chemical propulsion, enables mass reduction of satellites and other spacecraft, resulting in reduced cost of launching a specific mission or launch of more advanced and efficient spacecraft for a particular mass. Airbus Defense and Space is utilizing electric space propulsion systems for the purpose of orbital station keeping for over a decade and is focusing on construction of large satellites, deploying only electric space propulsion systems for initial orbit raising. Space propulsion systems provide reliable solutions to keep total system cost low and decrease orbit raising duration.

Factors influencing the growth of the Space Propulsion System market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Space Propulsion System market. The report discusses in detail the positive and negative impact of the pandemic on the Space Propulsion System industry. The supply chain disruptions and economic volatility have altered the dynamics of the Space Propulsion System industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario. 

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Competitive Outlook: The leading companies operating in the Space Propulsion System market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Space Propulsion System Market and Profiled in the Report are:

Space Exploration Technologies Corporation, Safran SA, Lockheed Martin Corporation, Aerojet Rocketdyne Holdings Inc., Thales Alenia Space, Moog Inc., IHI Corporation, OHB SE, Northrop Grumman Corporation, and Sierra Nevada Corporation

Objectives of the Report:

Study of the global Space Propulsion System market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Space Propulsion System market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of Space Propulsion System market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Space Propulsion System market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

 

  • Component Outlook (Revenue, USD Billion; 2018–2028)

    • Thrusters
    • Rocket Motors
    • Propellant Feed Systems
    • Propulsion Thermal Control
    • Nozzles
    • Power Processing Units
    • Others

  • Spacecraft Type Outlook (Revenue, USD Billion; 2018–2028)

    • Satellites
    • Capsules
    • Rovers
    • Interplanetary Spacecraft & Probes
    • Launch Vehicles

  • Propulsion Type Outlook (Revenue, USD Billion; 2018–2028)

    • Chemical Propulsion
    • Non-chemical Propulsion
      1. Solar Propulsion
      2. Electric Propulsion
      3. Tether Propulsion
      4. Laser Propulsion
      5. Nuclear Propulsion

Regional Segmentation:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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About Emergen Research

 

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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