The Emergen Research Global Space Propulsion System Market Report affords an enterprise-extensive evaluation of the Space Propulsion System marketplace, such as the maximum crucial elements influencing the sector`s expansion. The most recent studies file provides a thorough analysis of the micro- and macro-financial indicators that affect the growth of the global market from 2021 to 2028. The market’s expansion on a national and international level is also covered in the study. In numerous important locations, the market’s growth has been significantly hampered by supply chain interruptions and economic uncertainty.
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 leading market contenders listed in the report are as follows:
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
In addition to projecting the market valuations for the present and the future based on the demand-supply dynamics and price structures of the key regional segments, this portion of the study provides insightful information about the geographical segmentation of the keyword market. Each segment’s and sub-segment’s growth potential have also been carefully detailed in the report.
Nearly every part of the business sector has been impacted by the global health crisis, which has also severely disrupted the supply and demand chains for the worldwide keyword market. The paper also evaluates the current market environment and predicts its future results while taking into account the pandemic’s effects on the global economy. Because there are so many businesses in this sector, the global keyword market is very consolidated. The research goes into great detail on these firms’ present market positions, previous performances, demand and supply graphs, production and consumption patterns, sales networks, distribution methods, and market growth prospects. The strategic moves made by the major market competitors to diversify their product offerings and strengthen their position on the market are closely examined in the study.
The report classifies the global Space Propulsion System market into various regions, including:
- North America (U.S., Canada)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
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On the basis of type, the market is segmented into
Component Outlook (Revenue, USD Billion; 2018–2028)
- Rocket Motors
- Propellant Feed Systems
- Propulsion Thermal Control
- Power Processing Units
Spacecraft Type Outlook (Revenue, USD Billion; 2018–2028)
- Interplanetary Spacecraft & Probes
- Launch Vehicles
Propulsion Type Outlook (Revenue, USD Billion; 2018–2028)
- Chemical Propulsion
- Non-chemical Propulsion
- Solar Propulsion
- Electric Propulsion
- Tether Propulsion
- Laser Propulsion
- Nuclear Propulsion
The global Space Propulsion System market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Space Propulsion System sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
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.
- The report conducts a comparative assessment of the leading market players participating in the global Space Propulsion System market.
- The report marks the notable developments that have recently taken place in the Space Propulsion System industry
- It details on the strategic initiatives undertaken by the market competitors for business expansion.
- It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Space Propulsion System market value chain.
- The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.
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