The latest market intelligence report, titled ‘Global Space Propulsion System Market’, is intended to provide the target audience with the necessary information about the global Space Propulsion System industries. The report comprises a detailed analysis of the vital elements of the Space Propulsion System market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Space Propulsion System market dynamics that helps market analysts estimate the global market growth rate over the projected timeline. As a result, the report, released by Emergen Research, is a thorough compilation of the essential elements of the Space Propulsion System market, including the major market segments, top competitors, their company profiles, pricing strategies, production capabilities, revenue generation plans, technological advancements, and many others. It also includes the key players' product offerings, the broad application range of these products, the major market segments, and many others. The epidemic has had a significant impact on the world economy, which has disrupted the way the Space Propulsion System market functions. Organizations have been forced by the severe global crisis to effectively adapt to the quickly changing business environment. The study also assesses the pandemic's initial and long-term effects on the Space Propulsion System market.
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 has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. It evaluates the presence of the global Space Propulsion System market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Leading companies profiled in the report:
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
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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
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