The Global Space Propulsion System Market research study published by Emergen Research is an extensive collection of insightful information about the Space Propulsion System industry. The report covers the Space Propulsion System Market segmentation along with a detailed outline of the Space Propulsion System market size with regards to volume and valuation. The report provides comprehensive coverage of the Space Propulsion System market scenario for the current period and forecast timeline of 2021-2028. Every industry vertical, segment, end-use industry, application, and region's historical, current, and forecast revenues are thoroughly examined in the Space Propulsion System market report. In-depth research is done in the study on the factors affecting the industry's growth as well as the growth of the Space Propulsion System market. The report goes into great detail about the pandemic's effects on the Space Propulsion System business, both good and bad. Economic volatility and supply chain disruptions have changed the way the Space Propulsion System business operates. The study investigates how the pandemic has affected the market's major segments and geographical areas.
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 report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Space Propulsion System market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Space Propulsion System market landscape.
The key companies studied 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
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.
The Space Propulsion System research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.
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This report is the latest document encompassing the massive changes that took place in the Space Propulsion System market following the emergence. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Space Propulsion System market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment.
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
- Solar Propulsion
- Electric Propulsion
- Tether Propulsion
- Laser Propulsion
- Nuclear Propulsion
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Space Propulsion System market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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