The latest report titled Global Space Propulsion System Market contains an in-depth analysis of the fundamental parameters contributing to the global Space Propulsion System Market scenario. This research report offers readers an in-depth interpretation of the dynamics of the Space Propulsion System Market, including key drivers, opportunities, threats, and challenges. The report also briefly discusses key business strategies, supply-demand ratios, key regions, prominent market players, and offers a future outlook for the overall Space Propulsion System market industry.
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. 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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Key Points Covered in This Section:
Regional contribution
Estimated revenue generation
Vital data and information about the consumption rate in all the leading regional segments
An expected rise in market share
Forecast growth in the overall consumption rate
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Space Propulsion System market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Some major companies operating in the global market include 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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Emergen Research has segmented global space propulsion system market on the basis of component, spacecraft type, propulsion type, orbital path, end-use, and region:
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
Orbital Path Outlook (Revenue, USD Billion; 2018–2028)
- LEO
- MEO
- GEO
- Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Government & Defense
- Commercial
Regional Bifurcation of the Space Propulsion System Market Includes:
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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The report aims to provide a complete analysis of the global Space Propulsion System market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into market growth, size, and investment approaches. Additionally, the report provides an extensive analysis of the Space Propulsion System market, including key data, such as factors influencing the growth of the market, buyers and vendors, production and consumption, and revenue.
What Questions Should You Ask before Buying a Market Research Report?
How is the Space Propulsion System market evolving?
What is driving and restraining the Space Propulsion System market?
How will each Space Propulsion System submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2028?
How will the market shares for each Space Propulsion System submarket develop from 2021 to 2028?
What will be the main driver for the overall market from 2021 to 2028?
Will leading Space Propulsion System markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2028 and which geographical region will lead the market in 2028?
Who are the leading players and what are their prospects over the forecast period?
What are the Space Propulsion System projects for these leading companies?
How will the industry evolve during the period between 2020 and 2028? What are the implications of Space Propulsion System projects taking place now and over the next 10 years?
Is there a greater need for product commercialisation to further scale the Space Propulsion System market?
Where is the Space Propulsion System market heading and how can you ensure you are at the forefront of the market?
What are the best investment options for new product and service lines?
What are the key prospects for moving companies into a new growth path and C-suite?
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