Aerospace

Global Space Propulsion Market 2024 - By Size, Drivers, Trends, Competitors And Forecast To 2033

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Global Space Propulsion Market 2024 - By Size, Drivers, Trends, Competitors And Forecast To 2033

Overview and Scope

Space propulsion is a technique used to accelerate spacecraft and artificial satellites. Spacecrafts are mainly propelled by the use of a rocket engine.

Sizing and Forecast

The space propulsion market size has grown rapidly in recent years. It will grow from $10.41 billion in 2023 to $12.38 billion in 2024 at a compound annual growth rate (CAGR) of 19.0%. The growth in the historic period can be attributed to high demand for leo satellites and satellite constellations, advent of space tourism, realization of benefits from leo satellites, increased demand for low-cost and efficient propulsion systems, government investments and space programs..

The space propulsion market size is expected to see rapid growth in the next few years. It will grow to $23.85 billion in 2028 at a compound annual growth rate (CAGR) of 17.8%. The growth in the forecast period can be attributed to rising demand for miniaturization in space systems, increasing space exploration programs, growing preference for electric propulsion, growing demand for satellite-based services, rising demand for space-based communication.. Major trends in the forecast period include increasing number of space launches, additive manufacturing (am) and advanced materials, artificial intelligence (ai) and machine learning (ml), autonomous spacecraft, reusable launch vehicles..

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Segmentation & Regional Insights

The space propulsion market covered in this report is segmented –

1) By Type: Chemical Propulsion, Non-chemical Propulsion

2) By Platform: Satellites, Capsules\Cargos, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, Launch Vehicles

3) By System Component: Chemical Propulsion Thrusters, Electric Propulsion Thrusters, Propellant Feed Systems, Rocket Motors, Nozzles, Propulsion Thermal Control, Power Processing Units

4) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO), Beyond Geosynchronous Orbit

5) By End User: Commercial, Government & Defense

Top Major Players

OHB SE

Accion Systems Inc.

The Boeing Company

Northrop Grumman Corporation

Maxar Technologies Inc.

North America was the largest region in the space propulsion market in 2023. North America is expected to be the fastest-growing region in the space propulsion market share during the forecast period. The regions covered in the space propulsion market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth

Increased government investments in space technology are driving the space propulsion market. For instance, in 2021, Westcott Space Cluster in Aylesbury Vale Enterprise Zone invested in a new National Space Propulsion Test Facility (NSPTF), which collected £4 million ($5.44 million) in sponsoring from the UK government Space Agency. The new facility will permit innovation in propulsion technology, including low cost development and testing of more capable engines for interplanetary travel. So, increasing investments in space technology will drive the space propulsion market going forward.

Key Industry Players

Major companies operating in the space propulsion market include OHB SE, Accion Systems Inc., The Boeing Company, Northrop Grumman Corporation, Maxar Technologies Inc., Thales Alenia Space, Airbus SE, VACCO Industries Inc., Moog Inc., Cobham Mission Systems Wimborne Limited., Safran S.A., NPO Splav, BAE Systems plc, Hanwha Group, Avibras Indústria Aeroespacial S.A., Blue Origin LLC, The Aerospace Corporation, Aerojet Rocketdyne Holdings Inc., Astrobotic Technology Inc., ArianeGroup, IHI Corporation, Mitsubishi Heavy Industries Ltd., Honeybee Robotics Ltd., Bluestaq LLC, Aurora Flight Sciences Corporation., Planet Labs Inc., Sierra Nevada Corporation, Avio SpA, Beta Technologies Inc.

The space propulsion market report table of contents includes:

1. Executive Summary

2. Space Propulsion Market Characteristics

3. Space Propulsion Market Trends And Strategies

4. Space Propulsion Market - Macro Economic Scenario

5. Global Space Propulsion Market Size and Growth

............................

31. Global Space Propulsion Market Competitive Benchmarking

32. Global Space Propulsion Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Space Propulsion Market

34. Space Propulsion Market Future Outlook and Potential Analysis

35. Appendix

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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.

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.

Space Propulsion Market Share 2023 Trends, Growth, and Forecast by 2030

Archie Andrews 2023-09-27

The market report covers sales, revenue, market share, stake, size, and growth, among other factors. Get a Free Sample report of Space Propulsion Market @ https://www. It examines the Space Propulsion Market Share's sales volume, price, revenue, gross margin, historical growth, and future prospects. Key Reasons to Buy Space Propulsion Market Share ReportDevelop or revise a corporate expansion strategy to take advantage of significant growth opportunities in both existing and emerging markets. Table of Contents – Major Key PointsIntroductionResearch MethodologyMarket DynamicsImpact AnalysisCOVID-19 Impact AnalysisImpact of Ukraine- Russia warImpact of ongoing RecessionValue 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.

Space Propulsion Market Survey 2022-2028 | by Application, Regions, End User, Type, Size, Constraints, Market Insights Share, and Forecast| SNS Insider

Pradnya Tayade 2022-09-28

com/sample-request/1168 KEY PLAYERS:· IHI Corporation· Moog Inc. This file analyses the Space Propulsion market size, describing its aggressive landscape, destiny growth opportunities, and capacity threats, but as data during a report form for the market members. Objectives of Space Propulsion Market Report • The studies report seems at upstream uncooked materials, downstream incorporate, and modern dynamics. • For the aggressive panorama study, the overall market is further segmented into organizations, countries, and packages/kinds. • Include data within the Space Propulsion research on key agency profiles, product descriptions, capability, production, and market proportion.

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 Comprehensive Analysis, Product Industries Opportunities, Forecast 2023 to 2032

Rohan Bhatt 2023-09-25

“According to the research report, the global space propulsion market was valued at USD 6,170. com/industry-analysis/space-propulsion-market/request-for-sampleKey Content Covered in the ReportMarket introduction, including current Space Propulsion Market size and future development prospects. Our analysts have profiled the Space Propulsion Market key players by considering several aspects, including their revenue, sales, net profit, and product portfolio. Regional and Forecast AnalysisThe study covers Space Propulsion Market forecast data for each region based on size, share, and CAGR. Besides, it covers PORTER’s five forces analysis to offer valuable insights on the Space Propulsion Market sales.

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