Space Propulsion System Market Share, Trend, Drivers, Challenges, Key Companies by 2028

 The goal of the most recent market intelligence report, "Global Space Propulsion System Market", is to provide the intended audience with essential details about the global keyword industry. Additionally, the report provides an assessment of the immediate and predictable impacts of the pandemic on the Space Propulsion System industry. Key drivers, constraints, opportunities, limitations, threats and micro and macroeconomic factors of the Space Propulsion System Market are all discussed in detail in the report. The current market situation and underlying growth prospects are discussed in detail in the report. An organized database of Space Propulsion System market dynamics is included in the report, helping market analysts estimate the growth rate of the global market over the forecast period. Accordingly, Emergen Research's report on the Space Propulsion System Market is an in-depth compilation of the most important aspects of the market, such as product offerings by key players, wide range of applications. of these products, key market segments, key competitors, company profile, pricing strategy, production capacity, revenue generation strategy, technological advancement, etc. The global economic landscape has been dramatically altered by the pandemic, disrupting the workings of the keyword market. Organizations have been forced to respond effectively to the rapidly changing business environment due to the severe global crisis.


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, according to latest analysis by Emergen Research. 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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The global Space Propulsion System market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Space Propulsion System market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.

Leading companies profiled in the report:

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

Get access to the full description of the report @ https://www.emergenresearch.com/industry-report/space-propulsion-system-market

On the basis of type, the market is segmented into

  • 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
      1. Solar Propulsion
      2. Electric Propulsion
      3. Tether Propulsion
      4. Laser Propulsion
      5. Nuclear Propulsion

In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter's Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.

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