Space Propulsion System Market: A Breakdown of the Industry by Technology, Application, and Geography

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Rising emphasis on decreasing costs associated with space missions is a significant factor driving global space propulsion system market revenue growth

The Global Space Propulsion System Market Report, published by Emergen Research, offers an industry-wide assessment of the Space Propulsion System market, which is inclusive of the most crucial factors contributing to the growth of the industry. The latest research report comprises an extensive analysis of the micro- and macro-economic indicators that influence the global market development during the forecast period of 2021-2028. The Space Propulsion System market report provides a vivid analysis of the market's current trends as well as a broad range of growth opportunities, important drivers, challenges, and other important factors. The study also considers various market dynamics, which in turn create a wide range of growth opportunities for the top players operating in the Space Propulsion System market. Nearly every part of the business sector has been impacted by the global health crisis, which has also severely disrupted the supply and demand chains for the global Space Propulsion System market. The study also evaluates the current market environment and predicts its future results while taking into account the pandemic's effects on the global economy.

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.

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The Global Space Propulsion System Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.

The leading market contenders listed in the report are as follows:

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

This section of the report offers valuable insights into the geographical segmentation of the Space Propulsion System market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.

The report classifies the global Space Propulsion System market into various regions, including:

  • North America (U.S., Canada)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Middle East Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)

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The global Space Propulsion System market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Space Propulsion System sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.

  • 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

Report Highlights:

  • The report conducts a comparative assessment of the leading market players participating in the global Space Propulsion System market.
  • The report marks the notable developments that have recently taken place in the Space Propulsion System industry
  • It details on the strategic initiatives undertaken by the market competitors for business expansion.
  • It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Space Propulsion System market value chain.
  • The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.

Key questions addressed in the report:

  • Who are the leading players dominating the global Space Propulsion System Market?
  • Which factors could potentially hamper the global market growth during the forecast period?
  • Which regional market offers the most attractive growth opportunities to the companies operating in this market?
  • How is the raw material availability affecting the demand for Space Propulsion System in this industry vertical?

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