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.
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.
Insights are provided for each region and major countries within the regions
|
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 |
|
Available Customization |
In addition to the market data for Space Propulsion Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Space Propulsion Market is segmented into platform, propulsion type, system component, end user, orbit, support services and geography.
.png)
.png)
.png)
.png)
.png)
.png)