Space Propulsion Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity.
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 to 2028.
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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.
Regional Analysis
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.
Key Players of Space Propulsion Market
· 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 and More
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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).
Space Propulsion Market is segmented into platform, propulsion type, system component, end user, orbit, support services and geography.
On the basis of End-User
· Commercial
· Government & Defense
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
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· 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
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