Defense and Space

Growth opportunities and latent adjacency in Space Propulsion Market (2021-2026)

MarketsandMarkets™

Growth opportunities and latent adjacency in Space Propulsion Market (2021-2026)

The report "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, Region - Global Forecast to 2026" published by MarketsandMarkets, the space propulsion market is projected to grow from USD 8.3 billion in 2021 to USD 22.5 billion by 2026, at a CAGR of 22.1% from 2021 to 2026.

The space industry is seeing a massive surge in growth and innovation in recent years, and the space propulsion market is no exception. With a growing number of commercial and government space missions, the demand for reliable, efficient and cost-effective propulsion systems has never been higher. The market is expected to reach new heights in the coming years, with experts forecasting a compound annual growth rate till 2030.

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So, what is driving this growth in the space propulsion market? There are several key factors at play:

Increased Demand for Launch Services

With more and more satellites being sent into space for a variety of applications, including telecommunications, earth observation, and scientific research, the demand for launch services has never been higher. This, in turn, is driving demand for more advanced propulsion systems that can efficiently place these satellites into orbit.

Advancements in Technology

The space propulsion market is benefiting from a wave of technological advancements, including the development of new rocket engines, electric propulsion systems, and advanced materials that are enabling more efficient and cost-effective space missions.

Growth of the Commercial Space Industry

The commercial space industry is expanding rapidly, with a growing number of companies entering the market offering everything from satellite launches to space tourism. This growth is driving demand for more affordable and reliable propulsion systems, which are key to enabling these new commercial space ventures.

Investment in Space Exploration

Governments around the world are increasing their investment in space exploration, with plans for new missions to the moon, Mars and beyond. These missions will require advanced propulsion systems capable of enabling extended space travel, and will drive growth in the market for the foreseeable future.

The space propulsion market is an exciting place to be right now, with a growing number of players entering the market and offering a wide range of new and innovative products. The future looks bright for this industry, with experts forecasting continued growth for many years to come. Whether you're a player in the space industry or an investor looking for the next big thing, now is the time to keep your eyes on the space propulsion market.

“North America is expected to hold the highest market share in 2026.”

North America is projected to hold the largest share of the space propulsion market during the forecast period. This is owing to the ever-rising small satellite launches and the entry of private players like SpaceX, which have boosted the space industry in recent times.

Key Market Players

Key players of space propulsion market comprise Safran (France), Aerojet Rocketdyne Holdings, Inc. (US), SpaceX (US), IHI Corporation (Japan), and Northrop Grumman Corporation (US) and few others. These key players offer drones applicable for various sector and have well-equipped and strong distribution networks across the North America, European, Asia Pacific, Middle East & Africa and South America.

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MarketsandMarkets™

Space Propulsion Market Scrutinized in The New Analysis Report till 2026

marketsandmarkets 2022-12-15

id=118742255Key Market PlayersKey players of space propulsion market comprise Safran (France), Aerojet Rocketdyne Holdings, Inc. “The space propulsion market for non-chemical propulsion segment is projected to have the highest market share based on propulsion type”Based on propulsion type, report is categorized as chemical propulsion technologies, that include solid, liquid, hybrid, and cold gas propulsion and non-chemical propulsion technologies such as electric, solar, nuclear, and laser propulsions. By propulsion type, the non-chemical propulsion segment is projected to lead the space propulsion market during the forecast period. The demand for low-cost and reusable space propulsion systems is fueling the growth of the non-chemical propulsion segment. “The space propulsion market for Government & Defense segment is projected to have the highest market share based on end use”By orbit, the LEO (Low earth Orbit) segment is projected to lead the space propulsion market during the forecast period.

Space Propulsion System Market: Emerging Economies Expected to Influence Growth until 2025

BIS Research 2022-07-04

Read Report Overview: Space Propulsion System MarketThe global space propulsion system market is gaining widespread importance owing to increasing efforts from commercial space companies as well as space agencies for developing more efficient, less-toxic and enhanced space propulsion systems to contribute to the significant growth of the space propulsion system market. Scope of the Space Propulsion System MarketThe purpose of the market analysis is to examine the space propulsion system market outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others. In the propulsion type segment for satellite, the market is segmented into chemical propulsion system, electric propulsion system, and hybrid propulsion system. Also, in the propulsion type segment for launch vehicle, the market is segmented into solid propulsion system, liquid propulsion system, and hybrid propulsion system. id=955&type=downloadKey Companies in the Global Space Propulsion System MarketThe key market players in the global space propulsion system market include IHI Corporation, Lockheed Martin Corporation, Mitsubishi Heavy Industries, Ltd.

Space Propulsion Market Opportunities, Challenges, & Trends Report 2023-2030

Sakshi Shah 2023-07-06

The market research report includes a geographical breakdown, regulatory policies, significant company profiles, market revenue by region, market size, position, and upcoming technologies. The Space Propulsion Market research report also includes a qualitative and quantitative market analysis for the anticipated timeframe. Regional OutlookEach geographical segment of the Space Propulsion Market has its own revenue, market share, sales, and growth rates. Key Reasons to Purchase Space Propulsion Market ReportThe research report demonstrates how different market characteristics can have a qualitative impact on location and market segmentation. com/checkout/1168Table of Contents – Major Key PointsIntroductionResearch MethodologyMarket DynamicsImpact AnalysisValue Chain AnalysisPorter’s 5 Forces ModelPEST AnalysisSpace Propulsion Market, By PlatformSpace Propulsion Market, By Propulsion TypeSpace Propulsion Market, By System ComponentSpace Propulsion Market, By OrbitSpace Propulsion Market, By End UseSpace Propulsion Market, By Support SystemsRegional AnalysisCompany ProfilesCompetitive LandscapeConclusionAbout US:SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights.

Aerospace and Defense Telemetry Market Global Analysis by Type, Application, Equipment System, Region and Key Players Analysis

Delvens 2024-04-05

Global Aerospace and Defense Telemetry Market report gives details about the market drivers and market restraints that help in knowing rise or fall of the demand of particular product with respect to market conditions. Strategic aspects of the Aerospace & Defense industry such as product development and specification, technology, niche growth opportunities, application modelling, and new geographical markets can be undertaken with the vast information and data included in this Aerospace and Defense Telemetry Market report. com/get-free-sample/aerospace-and-defense-telemetry-market-trends-forecast-till-2030Aerospace & defense telemetry has an objective to transmit data on a real-time basis. In this report, the telemetry system used in the aerospace and defense sector has been studied. The global Aerospace and Defense Telemetry Market size is projected to reach a CAGR of 5.

Aerospace and Defense Market Size, Key Players Analysis And Forecast To 2032 | Value Market Research

Hritu Pandey 20h

Get more information on "Global Aerospace and Defense Market Research Report" by requesting FREE Sample Copy at https://www. The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. Browse Global Aerospace and Defense Market Research Report with detailed TOC at https://www. Purchase Complete Global Aerospace and Defense Market Research Report at https://www. com/contact/aerospace-and-defense-market/buy-nowAbout Us:Value Market Research was established with the vision to ease decision making and empower the strategists by providing them with holistic market information.

Space Propulsion Market is Projected to Show Profitable Expansions Over the forecast period 2023-2032

Soffi Clark 2023-03-08

"According to the research report, the global space propulsion market was valued at USD 6,170. 5% during the forecast period"Polaris Market Research has introduced the latest market research report titled Space Propulsion Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2032 that highlights the major revenue stream for the forecast period. The report focuses on Space Propulsion Market size, share, growth status, future trends, volume, and key market dynamics. About Us:Polaris Market Research is a worldwide market research and consulting organization. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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