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Space Propulsion System Market By Platform (Satellites, Capsules/ Cargos, Interplanetary Spacecraft and Probes, Rovers/ Spacecraft Landers, Launch Vehicles), By Propulsion Type (Chemical Propulsion, Non-Chemical Propulsion, Tether Propulsion, Nuclear Propulsion, Laser Propulsion), By System Component (Thrusters, Propellent Feed Systems, Rocket Motors, Nozzles, Propulsion Thermal Control, Power Processing Units, Others) - Global Opportunity Analysis And Industry Forecast, 2022-2026

Categories: Aerospace and Defence

Formate :

Global Space Propulsion System Market Overview 

The Global Space Propulsion System Market size is estimated to reach $14.9 billion by 2026, growing at a CAGR of 12.3% over the forecast period of 2022-2026. Any approach used to accelerate spacecraft and artificial satellites is called spacecraft propulsion. In-space propulsion is distinct from a space launch or atmospheric entry since it deals only with propulsion systems employed in the vacuum of space. There have been several techniques of pragmatic spaceship propulsion devised, each with its own set of disadvantages and benefits. For orbital station-keeping, most satellites utilize primary chemical thrusters (typically monopropellant rockets) or resist jet rockets, while others use momentum wheels for attitude control.

 

Impact of COVID-19:

The economic downturn brought on by the COVID pandemic-19 and population control may have reshuffled the deck and ushered in a new era in space exploration. They influence the space industry similarly to all other industrial sectors. However, the impact varies depending on the activity. Launch dates have been postponed, numerous satellite production lines have been shut down, and private finance has dried up, disorganizing fledgling operators and exposing new flaws here and there.

 

Key Takeaways from Global Space Propulsion System Market Report:

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for the platform, system components, propulsion type, orbits, end-users, and by different industry verticals. Understand the various market dynamics – key driving factors, challenges, and hidden opportunities.
  • Get in-depth insights on your competitor's performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes. 
  • Get a quick outlook on the market entropy – M&As, deals, partnerships, product launches of all key players for the past four years. 
  • Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market

Space Propulsion System Market

By System Component, the market for Propellent FeedSegment to grow at the highest CAGR during the forecast period.

Propellent Feed Segment dominated the Space Propulsions System Market in 2020 and is also the fastest-growing over the forecast period 2021-2026 with a CAGR of 13.9%. The increase of this part has been spurred by the need for proper propellant flow from the tanks to the thrust chamber, where thrusters move and orbit control the satellites. Propeller supply systems consist of propellant tanks, regulators, valves, turbopumps, and combustion chambers.

By End User, Government and Defense Segment to grow at the highest CAGR during the forecast period.

During the projection period, the government & defense segment dominated the market in 2020 & is also set to be fastest growing with a CAGR of 14.0% over 2021-2026. Increased space exploration missions and increased space expenditures drive this segment's growth. For military and cyber activities, defense agencies support a variety of satellites, including remote sensing satellites, communication satellites, and surveillance satellites. In addition, expendable Launch Vehicles are used to launch satellites with high-value payloads into orbit as part of support activities (ELVs).

The Asia Pacific to account for the largest market share during the forecast period

North America held the largest share of the Space Propulsion System Market in 2020, with a global market share of 37%. The growth of this region is attributed to the rising number of Space Propulsion System Manufacturers in the United States. Moreover, most system launches happen in the United States, driving the demand in 2020.

The Asia Pacific is set to be the fastest-growing over 2021-2026. Countries in the Asia-Pacific area, such as China and India, are substantially spending on space exploration, and this trend is projected to continue during the projection period. The Indian Space Research Organization is now concentrating on creating the country's own space launch business.

 

Market Dynamics

Driver: Increase demand in space exploration missions drives the Space Propulsion System Market. 

Due to a rise in space exploration missions by key governments worldwide, the global space propulsion system market is expected to develop during the projected period. Potential government and private-sector investments and activities are also driving this trend. Furthermore, there is an increase in demand for low-cost tiny satellites, creating the potential for the space propulsion industry to flourish. Moreover, the development of reusable space launch vehicles is helping to drive up demand for space propulsion systems. Space exploration has both concrete and intangible long-term advantages for civilization. Low Earth orbit research and exploration aid in developing solutions for various global services, it is including communication, global positioning, oceanography, surveillance, and astronomy.

 

Challenge: Stringent Government Policies are restraining the market growth.

The Federal Aviation Administration (FAA) is in charge of commercial launch and reentry licenses and regulations. Although all of these organizations include wording on orbital debris mitigation in their licenses, none of them have explicit requirements for smallsat operations in space. Like other sorts of regulation, operators want not to have particular technological solutions imposed on them; instead, they prefer to pick their methods for obtaining a defined level of performance.

 

Key Market Players

Key Players in the Global Space Propulsion System Market consist of Safran S.A., Aerojet Rocketdyne Holdings, Inc., SpaceX, IHI Corporation, and Northrop Grumman Corporation, among Others.

 

Report Coverage and Scope

The report "Global Space Propulsion System Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.

 

By Platform

  • Satellites
    • Cubeseats
    • Small Satellites
      • NaonSatellities
      • Micro Satellites
      • Mini Satellites
    • Medium Satellites
    • Large Satellites
  • Capsules/ Cargos
    • Crewed Spacecraft
    • Uncrewed Spacecraft
  • Interplanetary Spacecraft and Probes
  • Rovers/ Spacecraft Landers
  • Launch Vehicles
    • Small Launch Vehicles
    • Medium to Heavy Launch Vehicles
    • Reusable Launch Vehicles

 

By Propulsion Type

  • Chemical Propulsion
    • Solid
    • Liquid
    • Hybrid
    • Green
  • Non-Chemical Propulsion
    • Electric Propulsion
      • Xenon
      • Argon
      • Krypton
      • Hydrogen
      • Others
    • Solar Propulsion
      • Solar Sail Propulsion
      • Solar Electric Propulsion
      • Solar Thermal Propulsion
  • Tether Propulsion
  • Nuclear Propulsion
  • Laser Propulsion

 

By System Component

  • Thrusters
    • Chemical Propulsion Thrusters
      • Cold & Warm Gas Thrusters
      • Monopropellent Thrusters
      • Biopropellent Thrusters
    • Electric Propulsion Thrusters
  • Propellent Feed Systems
    • Propellant Tanks
      • Monopropellant Tanks
      • Biopropellant Tanks
    • Regulators
    • Valves
    • Turbopumps
    • Combustion Chambers
  • Rocket Motors
  • Nozzles
  • Propulsion Thermal Control
  • Power Processing Units
  • Others

 

By Orbit

  • Low Earth Orbit (LEO)
  • Medium Earth Orbit (MEO)
  • Geostationary Earth Orbit (GEO)
  • Beyond Geosynchronous Orbit 

 

By End Users

  • Commercial
  • Government & Defense

 

By Geography

  • North America
  • Europe
  • APAC
  • RoW

 


Chapter 1 Space Propulsion System Market Overview


1.1 Product Overview and Scope of Space Propulsion System


1.2 Space Propulsion System Market Segmentation By Platform


1.2.1 Satellites


1.2.2 Capsules/ Cargos


1.2.3 Interplanetary Spacecraft and Probes


 1.2.4 Rovers/ Spacecraft Landers


1.2.5 Launch Vehicles


1.3 Space Propulsion System Market Segmentation By Propulsion Type


1.3.1 Chemical Propulsion


1.3.2 Non-Chemical Propulsion


1.3.3 Tether Propulsion


1.3.4 Nuclear Propulsion


1.3.5 Laser Propulsion


1.4 Space Propulsion System Market Segmentation by Regions


1.4.1 North America


1.4.2 China


1.4.3 Europe


1.4.4 Southeast Asia


1.4.5 Japan


1.4.6 India


1.5 Global Market Size (Value) of Space Propulsion System (2016-2021)


 


Chapter 2 Global Economic Impact on Space Propulsion System Industry


2.1 Global Macroeconomic Environment Analysis


2.1.1 Global Macroeconomic Analysis


2.1.2 Global Macroeconomic Environment Development Trend


2.2 Global Macroeconomic Environment Analysis by Regions


 


Chapter 3 Global Space Propulsion System Market Competition by Manufacturers


3.1 Global Space Propulsion System Production and Share by Manufacturers (2016-2021)


3.2 Global Space Propulsion System Revenue and Share by Manufacturers (2016-2021)


3.3 Global Space Propulsion System Average Price by Manufacturers (2016-2021)


3.4 Manufacturers Space Propulsion System Manufacturing Base Distribution, Production Area and Product Type


3.5 Space Propulsion System Market Competitive Situation and Trends


3.5.1 Space Propulsion System Market Concentration Rate


3.5.2 Space Propulsion System Market Share of Top 3 and Top 5 Manufacturers


3.5.3 Mergers & Acquisitions, Expansion


 


Chapter 4 Global Space Propulsion System Production, Revenue (Value) by Region (2016-2021)


4.1 Global Space Propulsion System Production by Region (2016-2021)


4.2 Global Space Propulsion System Production Market Share by Region (2016-2021)


4.3 Global Space Propulsion System Revenue (Value) and Market Share by Region (2016-2021)


4.4 Global Space Propulsion System Production, Revenue, Price and Gross Margin (2016-2021)


4.5 North America Space Propulsion System Production, Revenue, Price and Gross Margin (2016-2021)


4.6 Europe Space Propulsion System Production, Revenue, Price and Gross Margin (2016-2021)


4.7 China Space Propulsion System Production, Revenue, Price and Gross Margin (2016-2021)


4.8 Japan Space Propulsion System Production, Revenue, Price and Gross Margin (2016-2021)


4.9 Southeast Asia Space Propulsion System Production, Revenue, Price and Gross Margin (2016-2021)


4.10 India Space Propulsion System Production, Revenue, Price and Gross Margin (2016-2021)


 


Chapter 5 Global Space Propulsion System Supply (Production), Consumption, Export, Import by Regions (2016-2021)


5.1 Global Space Propulsion System Consumption by Regions (2016-2021)


5.2 North America Space Propulsion System Production, Consumption, Export, Import by Regions (2016-2021)


5.3 Europe Space Propulsion System Production, Consumption, Export, Import by Regions (2016-2021)


5.4 China Space Propulsion System Production, Consumption, Export, Import by Regions (2016-2021)


5.5 Japan Space Propulsion System Production, Consumption, Export, Import by Regions (2016-2021)


5.6 Southeast Asia Space Propulsion System Production, Consumption, Export, Import by Regions (2016-2021)


5.7 India Space Propulsion System Production, Consumption, Export, Import by Regions (2016-2021)


 


Chapter 6 Global Space Propulsion System Production, Revenue (Value), Price Trend by Type


6.1 Global Space Propulsion System Production and Market Share by Type (2016-2021)


6.2 Global Space Propulsion System Revenue and Market Share by Type (2016-2021)


6.3 Global Space Propulsion System Price by Type (2016-2021)


6.4 Global Space Propulsion System Production Growth by Type (2016-2021)


 


Chapter 7 Global Space Propulsion System Market Analysis by Application


7.1 Global Space Propulsion System Consumption and Market Share by Application (2016-2021)


7.2 Global Space Propulsion System Consumption Growth Rate by Application (2016-2021)


7.3 Market Drivers and Opportunities


7.3.1 Potential Applications


7.3.2 Emerging Markets/Countries


 


Chapter 8 Space Propulsion System Manufacturing Cost Analysis


8.1 Space Propulsion System Key Raw Materials Analysis


8.1.1 Key Raw Materials


8.1.2 Price Trend of Key Raw Materials


8.1.3 Key Suppliers of Raw Materials


8.1.4 Market Concentration Rate of Raw Materials


8.2 Proportion of Manufacturing Cost Structure


8.2.1 Raw Materials


8.2.2 Labour Cost


8.2.3 Manufacturing Expenses


8.3 Manufacturing Process Analysis of Space Propulsion System


 


Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers


9.1 Space Propulsion System Industrial Chain Analysis


9.2 Upstream Raw Materials Sourcing


9.3 Raw Materials Sources of Space Propulsion System Major Manufacturers in 2022


9.4 Downstream Buyers


 


Chapter 10 Marketing Strategy Analysis, Distributors/Traders


10.1 Marketing Channel


10.1.1 Direct Marketing


10.1.2 Indirect Marketing


10.1.3 Marketing Channel Development Trend


10.2 Market Positioning


10.2.1 Pricing Strategy


10.2.2 Brand Strategy


10.2.3 Target Client


10.3 Distributors/Traders List


 


Chapter 11 Market Effect Factors Analysis


11.1 Technology Progress/Risk


11.1.1 Substitutes Threat


11.1.2 Technology Progress in Related Industry


11.2 Consumer Needs/Customer Preference Change


11.3 Economic/Political Environmental Change


 


Chapter 12 Global Space Propulsion System Market Forecast (2022 - 2026)


12.1 Global Space Propulsion System Production, Revenue Forecast (2022 - 2026)


12.2 Global Space Propulsion System Production, Consumption Forecast by Regions (2022 - 2026)


12.3 Global Space Propulsion System Production Forecast by Type (2022 - 2026)


12.4 Global Space Propulsion System Consumption Forecast by Application (2022 - 2026)


12.5 Space Propulsion System Price Forecast (2021-2027)


 


Chapter 13 Appendix    


 


 

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FAQ

What is Space Propulsion System?

Any approach used to accelerate spacecraft and artificial satellites is called spacecraft propulsion. In-space propulsion is distinct from a space launch or atmospheric entry since it deals only with propulsion systems employed in the vacuum of space.

What is the Space Propulsion System market share?

The Global Space Propulsion System Market size is estimated to reach $14.9 billion by 2026, growing at a CAGR of 12.3% over the forecast period of 2022-2026.

What are the key factors driving the Space Propulsion System Market?

Due to a rise in space exploration missions by key governments worldwide, the global space propulsion system market is expected to develop during the projected period. Potential government and private-sector investments and activities are also driving this trend.

What are the top companies in the Space Propulsion System Market?

Safran S.A., Aerojet Rocketdyne Holdings, Inc., SpaceX, IHI Corporation, and Northrop Grumman Corporation, among Others.

Which region has largest share in Global Space Propulsion System Market?

The Asia Pacific to account for the largest market share during the forecast period during 2022-2026

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Personalize this Research

  • Market Size and Share from 2016 - 2027
  • Expected Market Growth Until 2027
  • COVID-19 Impact assessment on the market
  • Market Dynamics and Impact Analysis
  • Segment and region that will drive or lead the market growth and why
  • Industry activity comprising Mergers, Acquisitions, Expansion, etc.
  • Comprehensive Mapping of the Competitive Landscape
  • In-depth analysis of key sustainability strategies adopted by market players
  • Global and regional market trends – Current and Future
  • Value Chain Analysis
  • Porters Five Forces Analysis
  • Historical and Current Product Pricing
  • Country Cross-Segment Analysis
  • Company Profiling
  • Player Comparison Matrix

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Space Propulsion System Market By Platform (Satell...

RD Code : AD22