Space Propulsion Systems Market

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The Global Space Propulsion Systems Market is projected to reach USD 5.69 Billion by 2025, expanding at a CAGR of 14.8

Space Propulsion Systems Market Research

Report By Forecast To 2025

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2025

PREPARED BY

Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)


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Space Propulsion Systems Market Forecast To 2025

Space Propulsion Systems Market Forecast

The Global Space Propulsion Systems Market is projected to be valued at USD 5.69 Billion by 2025, expanding at a CAGR of

14.8% between 2019 and 2025.

The market witnessed significant traction in recent years owing to various countries launching their own earth observatory

satellites. Currently, space propulsion technology is in a nascent stage and various efforts by governments and private

companies have been made to commercialize different propulsion technologies that are efficient and low cost.

Technological breakthroughs such as EmDrive are expected to occur during the forecast period which is expected to change

the landscape and dynamics of the space propulsion systems market.

Traditional space propulsion systems use oxygen fuel as propellant. In recent years, extensive research is been carried out to

develop commercial EmDrive propulsion systems. As of now, EmDrive is a theoretical concept which is expected to be

commercially developed during the forecast period. The EmDrive works on the principle of converting electrical energy to

microwaves and channeling these waves through a conical chamber. The commercialization of such technology would prove

a breakthrough in the field of modern propulsion systems technology.

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Space Propulsion Systems Market Forecast To 2025

Market USP

Various private companies and government agencies investing in research & development of space technologies.

Growth Opportunities in the Market

• Dominance of satellite propulsion systems in the market: The satellite propulsion systems segment dominated the global

space propulsion systems market in 2018 and this trend is expected to continue during the forecast period. Moreover,

the development of all-electric satellites is expected to drive the segmental growth during the forecast period. Thus, it is

expected to replace traditional chemical-based propulsion systems. The satellite propulsion systems accounted for more

than 51% share of the space propulsion systems market.

• The government expected to actively invest in space technologies: The government segment is expected to register the

highest CAGR during the forecast period. Governments are actively launching satellites for earth observation and

communication purposes. For instance, US-based Defense Advanced Research Projects Agency (DARPA) launched a small

satellite through Rocket Lab, a commercial small satellite launch service provider. The satellite was launched to improve

radio communication in the military.

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Space Propulsion Systems Market Forecast To 2025

Key Players

• Accion Systems Inc. (US)

• Aerojet Rocketdyne (US)

• Avio SpA (Italy)

• Blue Origin (US)

• IHI Corporation (Japan)

• Moog Inc. (US)

• Northrop Grumman Corporation (US)

• OHB SE (Germany)

• Safran (France)

• Sierra Nevada Corporation (US)

• Space Exploration Technologies Corporation (US)

• Yuzhnoye SDO (Ukraine)

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Space Propulsion Systems Market Forecast To 2025

Space Propulsion Systems Market Table Of Contents

1. Executive Summary

1.1. Market Attractiveness Analysis

1.2. Global Space Propulsion System Market, by Type

1.3. Global Space Propulsion System Market, by End User

1.4. Global Space Propulsion System Market, by Region

2. Market Introduction

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Research Objectives

2.2.2. Assumptions & Limitations

2.3. Market Structure


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Space Propulsion Systems Market Forecast To 2025

3. Market Research Methodology

3.1. Research Process

3.2. Secondary Research

3.3. Primary Research

3.4. Forecast Model

4. MARKET LANDSCAPE

4.1. Supply Chain Analysis

4.2. Porter’s Five Forces Analysis

Continued....


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Space Propulsion Systems Market Forecast To 2025

Space Propulsion Systems Market List Of Tables

Table 1 Global Space Propulsion System Market, by Type, 2018–2025

Table 2 Global Space Propulsion System Market, by End User, 2018–2025

Table 3 Global Space Propulsion System Market, by Region, 2018–2025

Table 4 North America: Space Propulsion System Market, by Country, 2018–2025

Table 5 North America: Space Propulsion System Market, by Type, 2018–2025

Table 6 North America: Space Propulsion System Market, by End User, 2018–2025

Continued…….


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Space Propulsion Systems Market Forecast To 2025

Space Propulsion Systems Market List Of Figures

Figure 1 Research Process of Mrfr

Figure 2 Top-down & Bottom-up Approaches

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter's Five Forces Analysis

Figure 7 Value Chain Analysis

Continued…….


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