Market Overview:
The global space propulsion systems market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for space exploration and rising investments in the space industry. In terms of type, the solid fuel chemical propulsion segment is expected to hold the largest share of the global space propulsion systems market during the forecast period. This can be attributed to its high efficiency and low cost as compared to other types of propellants. By application, rocket launch is projected to be the fastest-growing segment during the forecast period owing to an increase in launches for commercial and military applications.
Product Definition:
Space propulsion systems are a type of technology that is used to propel spacecrafts and satellites in space. They are important because they allow spacecrafts to travel long distances, explore new areas of space, and conduct research.
Solid Fuel Chemical Propulsion:
Solid fuel chemical propulsion is a technology that uses chemical reactions for propelling spacecraft. It can be used in both unmanned as well as crewed missions. The major advantage of this propulsion system is that it provides high specific impulse, which means higher velocity than the rocket propellants and other conventional methods of space transportation. Also, it has the benefit of being able to deliver large payloads to low Earth orbit with relatively small launch vehicles (as compared to liquid or hybrid).
Liquid Fuel Chemical Propulsion:
Liquid fuel chemical propulsion is a type of space propulsion system that uses liquid fuel to generate thrust. It is one of the simplest and most basic ways to propel a spacecraft. The concept has been around for decades, however, only recently have scientists begun to understand its potential better and develop efficient designs.
Application Insights:
The others application segment includes satellite servicing, space transportation and exploration. The demand for the global space propulsion systems is expected to witness significant growth owing to their use in various applications including satellite servicing, rocket launch and space simulation. In 2017, the space transportation segment dominated the market with a share of over 30% in terms of revenue. This can be attributed to growing commercial activities such as tourism and research activities on board spacecraft operated by private companies or international organizations.
Satellite servicing is anticipated to witness considerable growth over the forecast period due to its increasing use in repairing or replacing satellites that provide communication services across Earth orbit. Satellite Servicing Vehicle (SSV) is an integral part of any modern Space Transportation System (ISS). SSVs are used for deploying large payloads into geosynchronous orbit as well as delivering scientific instruments onto these platforms during orbital operations at high altitude.
Regional Analysis:
North America accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing space exploration activities and technological developments in this field. For instance, NASA has been working on a project named as EMdrive, which is an electric propulsion thruster that does not use chemical propellants resulting in saving cost and weight.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to increasing government investments for space technology development especially from China and India. In addition, growing commercialization of low Earth orbit (LEO) services by companies such as Arianespace with Soyuz launch vehicles from Russia will drive demand further.
Growth Factors:
- Increasing demand for space exploration and research
- Growing number of satellite launches
- Development of advanced propulsion systems
- Proliferation of small satellites and CubeSats
- Increased funding for space programs
Scope Of The Report
Report Attributes
Report Details
Report Title
Space Propulsion Systems Market Research Report
By Type
Solid Fuel Chemical Propulsion, Liquid Fuel Chemical Propulsion, Cold-Gas Chemical Propulsion
By Application
Space Simulation, Rocket Launch, Others
By Companies
IHI, Aerojet Rocketdyne, Northrop Grumman, Lockheed Martin, Avibras, BAE Systems, NPO Splav, Hanwha
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Space Propulsion Systems Market Report Segments:
The global Space Propulsion Systems market is segmented on the basis of:
Types
Solid Fuel Chemical Propulsion, Liquid Fuel Chemical Propulsion, Cold-Gas Chemical Propulsion
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Space Simulation, Rocket Launch, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IHI
- Aerojet Rocketdyne
- Northrop Grumman
- Lockheed Martin
- Avibras
- BAE Systems
- NPO Splav
- Hanwha
Highlights of The Space Propulsion Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solid Fuel Chemical Propulsion
- Liquid Fuel Chemical Propulsion
- Cold-Gas Chemical Propulsion
- By Application:
- Space Simulation
- Rocket Launch
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Space Propulsion Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Space propulsion systems are technologies that allow spacecraft to move through space. They include engines, thrusters, and other devices that provide thrust or change the direction of a spacecraft's motion.
Some of the major players in the space propulsion systems market are IHI, Aerojet Rocketdyne, Northrop Grumman, Lockheed Martin, Avibras, BAE Systems, NPO Splav, Hanwha.
The space propulsion systems market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Space Propulsion Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Space Propulsion Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Space Propulsion Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Space Propulsion Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Space Propulsion Systems Market Size & Forecast, 2020-2028
4.5.1 Space Propulsion Systems Market Size and Y-o-Y Growth
4.5.2 Space Propulsion Systems Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Solid Fuel Chemical Propulsion
5.2.2 Liquid Fuel Chemical Propulsion
5.2.3 Cold-Gas Chemical Propulsion
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Space Simulation
6.2.2 Rocket Launch
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Space Propulsion Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Space Propulsion Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Solid Fuel Chemical Propulsion
9.6.2 Liquid Fuel Chemical Propulsion
9.6.3 Cold-Gas Chemical Propulsion
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Space Simulation
9.10.2 Rocket Launch
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Solid Fuel Chemical Propulsion
10.6.2 Liquid Fuel Chemical Propulsion
10.6.3 Cold-Gas Chemical Propulsion
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Space Simulation
10.10.2 Rocket Launch
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Solid Fuel Chemical Propulsion
11.6.2 Liquid Fuel Chemical Propulsion
11.6.3 Cold-Gas Chemical Propulsion
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Space Simulation
11.10.2 Rocket Launch
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Solid Fuel Chemical Propulsion
12.6.2 Liquid Fuel Chemical Propulsion
12.6.3 Cold-Gas Chemical Propulsion
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Space Simulation
12.10.2 Rocket Launch
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Solid Fuel Chemical Propulsion
13.6.2 Liquid Fuel Chemical Propulsion
13.6.3 Cold-Gas Chemical Propulsion
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Space Simulation
13.10.2 Rocket Launch
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Space Propulsion Systems Market: Competitive Dashboard
14.2 Global Space Propulsion Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IHI
14.3.2 Aerojet Rocketdyne
14.3.3 Northrop Grumman
14.3.4 Lockheed Martin
14.3.5 Avibras
14.3.6 BAE Systems
14.3.7 NPO Splav
14.3.8 Hanwha
