Fortune Business Insights Pvt Ltd announces the publication research report Space Propulsion Systems Market, 2023-2028. The Space Propulsion Systems Market size is expected to register a steady CAGR of 15.24% and is expected to reach USD 19.74 Billion billion by 2028.

Presents the clean elaborated structure of the market comprising an in-depth evaluation of this industry. The report explores components associated with the market covering the industry environment, Space Propulsion Systems Market size, share, segmentation analysis, and competitive landscape. According to the report, the will generate massive returns by the end of the forecast period and is expected to show an appreciable rate of growth over the coming years on an annual basis. It explains the market’s rapid development in the current and past years and its progress during the forecast period.

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The study offers a commendable brief of Space Propulsion Systems Market segmentation by top players/brands, regions, types, and end-user. Our team of expert researchers has obtained a complete range of information related to the market. Through advanced and reliable primary and secondary research sources, the analysts have gathered, calculated, and verified all data and findings. Further key countries expected to display significant growth prospects are included in the report. The report highlights key market dynamics, the profile of key Space Propulsion Systems Market players, and a comprehensive outline of the market environment in terms of sales and production for the forecast period.

Major Key Companies Covered in Space Propulsion Systems Market are:

  • Safran S.A. (France)
  • Space Exploration Technologies Corporation (SpaceX) (U.S.)
  • Northrop Grumman Corporation (U.S.)
  • Blue Origin LLC (U.S.)
  • Moog Inc. (U.S.)
  • Lockheed Martin Corporation (U.S.)
  • OHB SE (Germany)  
  • Sierra Nevada Corporation (U.S.)
  • Thales Group (France)
  • Honeywell International Inc. (U.S.)
  • Ariane Group GmbH (France)
  • Airbus S.E. (France)
  • Cobham Ltd. (U.K.)
  • L3Harris Technologies Inc. (U.S.)
  • The Boeing Company (U.S.)

Report Scope:

The following report presents the findings of thorough primary and secondary research, providing a comprehensive understanding of the current and future objectives of the Space Propulsion Systems Market. The report includes a competitive analysis of the industry, categorized by application, type, and regional trends, alongside a dashboard overview of the historical and current performance of key players. To ensure accuracy and comprehensiveness, a range of methodologies and analyses were implemented throughout the report.

Main Pointers Presented in the Report are:

  • Recent Space Propulsion Systems Market trends
  • Geographical dissection
  • Industry drivers
  • Market Competitors
  • Turnover predictions
  • Competitive framework
  • Key challenges
  • Market concentration rate analysis
  • Consumption growth rate

Drivers and Restraints

Strong Demand for Satellite Constellations to Drive Market Growth

The rising focus of new entrants on LEO satellites construction is expected to surge satellite sales. The satellite’s cost-effectiveness, lower launch costs, and availability of off-the-shelf parts are expected to boost its global adoption. Furthermore, rising satellite imaging applications are expected to bolster market development. The rising demand for the product from homeland security and national security is expected to boost sales. The rising adoption of the product from the defense sector for data protection may foster the product’s demand. These factors may drive the space propulsion market growth.

However, emission concerns regarding space launches are expected to restrain the market growth in the coming years.

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Regions Covered in Space Propulsion Systems Market Report are: 

  • North America (United States, Canada, and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
  • South America (Brazil, Argentina, Colombia, and the rest of South America)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)

Industry Development

  • September 2021: NASA developed a solar propulsion system for the Psyche Deep Spacecraft to reduce reliance on traditional chemical propulsion systems.

Key Questions Answered:

  • What are the Space Propulsion Systems Market trends shaping the market?
  • What are the growth opportunities in the market?
  • What are the key players operating in the market?
  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market share and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?

 Some Main Reasons for Purchasing This Report

  • A detailed introduction of the industry, inclusive of the progress
  • A detailed study of the top players in the market
  • A detailed survey of the with respect to the present and future Space Propulsion Systems Market scenario
  • Readers of this report will receive in-depth knowledge about the market
  • New ways and approaches appropriate within the advancement structure of the market.
  • It will help you to find prospective partners and suppliers.
  • It will assist and strengthen your company’s decision-making processes.

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Fortune Business Insights™  provides accurate data and innovative enterprise analytics to help organizations of all sizes make better decisions. We customize new solutions for our clients and help them meet a variety of business-specific challenges. Our aim is to provide a detailed overview of the markets in which they operate and provide them with comprehensive market intelligence.


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By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.