Space Propulsion Market - Trends Forecast Till 2028

Space Propulsion Market, by Type (Chemical Propulsion, Non-chemical Propulsion), System Component (Thrusters, Propellant Feed System, Nozzle), Platform (Satellite, Launch Vehicle), Orbit, End User, Orbit, Support Service and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-AD-SPM-1054

Format:  

Number of Pages: 392

Domain: Aerospace & Defense

Space Propulsion Market – Trends Forecast Till 2028

The global Space Propulsion market size is projected to reach USD 14.5 billion by 2026 at a CAGR of 16.4% from USD 6.9 billion in 2021 during the forecast period 2021-2028.

Space propulsion refers to any method which is used for the acceleration of the satellite and spacecraft. There is various method of propulsions which have come up over ages owing t the advantage or disadvantages offered by them.

With the greater number of space exploration mission along with the increased demand for LEO- based services and advanced electric propellers are some of the factors that have supported long-term expansion for Space Propulsion Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Decreased demand, manufacturing shut down and supply chain disruption has led to the negative impact over the market.

Space Propulsion Market Analysis Report

North America is expected to be the largest market during the forecast period. The technological advancement along with high space exploration in the region has led to the expansion of market in the region.

Space Propulsion Market is segmented into platform, propulsion type, system component, end user, orbit, support services and geography.

On the basis of Platform

  • Satellites
    • CubeSats
    • Small Satellites
      • Nanosatellites
      • Microsatellites
      • Minisatellites
    • Medium Satellites (500-2,500 KG)
    • Large Satellites (>2,500kg)
  • Capsules\Cargos
    • Crewed Spacecraft or Human Space flight
    • Uncrewed or Unmanned Spacecraft
  • Interplanetary Spacecraft & Probes
  • Rovers/Spacecraft Landers
  • Launch Vehicles
    • Small Launch Vehicles (<350,000 Kg)
    • Medium to Heavy Launch Vehicles (>350,000 KG)
    • Reusable Launch Vehicles

On the basis of End-User

  • Commercial
    • Satellite Operators/Owners
    • Space Launch Service Providers
  • Government & Defense
    • Departments of Defense
    • National Space Agencies
    • Others

On the basis of Support Service

  • Design, Engineering, & Operation
  • Hot Firing & Environmental Test Execution
  • Fueling & Launch Support

On the basis of Orbit

  • Low Earth orbit (LEO)
  • Medium Earth orbit (MEO)
  • Geostationary Earth Orbit (GEO)
  • Beyond Geosynchronous Orbit

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Space Propulsion Market Primary Respondent

 

Key Players

  • Safran S.A.
  • Aerojet Rocketdyne Holdings, Inc.
  • SpaceX
  • IHI Corporation
  • Northrop Grumman Corporation
  • Moog, Inc.
  • Rafael Advanced Defense Systems Ltd.
  • OHB SE
  • Lockheed Martin Corporation
  • NPO Energomash
  • Sierra Nevada Corporation
  • L3harris Technologies, Inc.
  • Thales Alenia Space
  • Cobham Mission Systems
  • Vacco Industries
  • Ram Company
  • Arianegroup Gmbh
  • AST Advanced Space Technologies Gmbh

Recent Developments

  • In June 2020, Cobham Mission Systems has successfully completed qualification testing of its Xenon regulator which is lightweight, high-flow electric propulsion.
  • In May 2020, Aerojet Rocketdyne delivered  the dual chemical and electric propulsion systems for NASA’s Double Asteroid Redirection Test (DART).

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Space Propulsion market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 6.9 billion

Growth Rate

CAGR of 16.4% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

platform, propulsion type, system component, end user, orbit, support services and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Safran S.A. , Aerojet Rocketdyne Holdings, Inc. , SpaceX , IHI Corporation , and Northrop Grumman Corporation, OHB SE, Lockheed Martin Corporation, NPO Energomash, Sierra Nevada Corporation, L3harris Technologies, Inc., Thales Alenia Space, Cobham Mission Systems, Vacco Industries, Ram Company, Arianegroup Gmbh, AST Advanced Space Technologies Gmbh

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