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.

The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2022-2032. According to the regional analysis, the market is primarily spread over key geographical regions as follows:It puts examines drivers and restraints of the Space Propulsion System market and analyzes their impact on the industry throughout the forecast period.

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 Key Players operating in the industry 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                                                        

Radical Features of the Space Propulsion System Market Report:

  • The report encompasses Space Propulsion System market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
  • An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
  • Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
  • Supply chain analysis along with technological advancements offered in the report
  • The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Space Propulsion System industry

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Segmentation:

  • 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 Analysis Covers:

  • 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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