Global Space Propulsion Market is Rising Exponentially at Rate of 16.20% During the Forecast Period

Space Propulsion Market is expected to rise at annual rate 16.20% in the forecast period of 2021 to 2028 and is further estimated to reach USD 2,2185.09 million by 2028 due to the increasing number of space exploration missions.

On the other hand, increase in the concerns over space debris are expected to obstruct the market growth in the above mentioned forecast period. Increase in the emissions due to space missions is projected to challenge the space propulsion market.

Space Propulsion Market Scenario

According to Data Bridge Market Research the markets for space propulsion is accelerating because of the growing demand for LEO-based services, increase in the focus on reducing mission costs and the rising demand for advanced electric propulsion systems. Additionally, increase in the technological advancements in space propulsion, increasing use of nuclear technology in propulsion systems and rise in the use of small satellites in various applications positively affect the space propulsion market.

Furthermore, increasing research and development in space propulsion technologies, increase in the technological upgradation in space propulsion to reduce cost and improve efficiency, rise in the government investments in space technology and growing technological development in plasma thrusters extend profitable opportunities to the market players.

Now the question is which are the other regions that space propulsion market targeting? Data Bridge Market Research has estimated a large growth in North America because of the rise in the commercial communication and imaging satellites, rising deployment of small satellites, growing space exploration missions for interplanetary observations, and demand for resupply missions for International Space Station (ISS) in this region.

For more analysis on the space propulsion market request for a briefing with our analysts,

Space Propulsion Market Scope

Space propulsion market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of space propulsion market is further analyzed based on maximum granularity into further segmentation. Space propulsion market on the basis of propulsion type, space propulsion market is segmented into chemical propulsion and non-chemical propulsion. On the basis of system component, the space propulsion market is segmented into nozzle, power processing unit, propellant feed system, rocket motors, thermal control system, thrusters. On the basis support services, the space propulsion market is segmented into design, engineering and operation, fueling and launch support, and hot firing and environmental test execution. On the basis of orbit, the space propulsion market is segmented into beyond geosynchronous orbit, geosynchronous orbit, low earth orbit and medium earth orbit. On the basis platform, the space propulsion market is segmented into capsule/cargo, interplanetary spacecraft and probes, launch vehicles and satellite.
  • Spacecraft propulsion is referred to as any method which is utilized to accelerate spacecraft and artificial satellites.

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Key Pointers Covered in the Space Propulsion Market Industry Trends and Forecast to 2028

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study
  • Key Market Competitors Covered in the Report

  • Honeywell International Inc
  • Sierra Nevada Corporation
  • Safran
  • Accion Systems
  • IHI Corporation
  • Northrop Grumman

Above are the key players covered in the report, to know about more and exhaustive list of space propulsion companies’ contact us,

Research Methodology of Space Propulsion Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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