Global Space Propulsion Systems Market Growth 2023-2029

Global Space Propulsion Systems Market Growth 2023-2029

The global Space Propulsion Systems market size is projected to grow from US$ 9048.6 million in 2022 to US$ 23060 million in 2029; it is expected to grow at a CAGR of 14.3% from 2023 to 2029.

Global key players of Space Propulsion Systems include Aerojet Rocketdyne, Safran, CASC, etc. The top three players hold a share over 35%. North America is the largest production area, has a share about 40%, followed by Europe, with share 33%. In terms of product type, Electric Propulsion is the largest segment, occupied for a share of 29%, and in terms of end usrers, National Space Agencies has a share about 34%.

Space propulsion systems are used to generate thrust in spacecraft, launch vehicles, capsules/cargos, and rovers/spacecraft landers for orbit insertion, station keeping, lifting launch vehicles into space, and attitude control, among others. These systems include chemical and non-chemical propulsion technologies such as electric, solar, nuclear, and laser propulsions.

The components used in space propulsion systems include thrusters, propellant feed systems, rocket motors, nozzles, reactors, propulsion thermal control, and power processing units (PPU).The primary function of the space propulsion system is to provide thrust, which helps in the functioning of the launch vehicle or satellite. In propulsion systems, the fluid (either solid, liquid, or electric) reacts to initiate acceleration and provide force in the system.

LPI (LP Information)' newest research report, the “Space Propulsion Systems Industry Forecast” looks at past sales and reviews total world Space Propulsion Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Space Propulsion Systems sales for 2023 through 2029. With Space Propulsion Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Space Propulsion Systems industry.

This Insight Report provides a comprehensive analysis of the global Space Propulsion Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Space Propulsion Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Space Propulsion Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Space Propulsion Systems and breaks down the forecast by type, by end-user, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Space Propulsion Systems.

This report presents a comprehensive overview, market shares, and growth opportunities of Space Propulsion Systems market by product type, end-user, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Solid Propulsion
Liquid Propulsion
Electric Propulsion
Hybrid Propulsion
Others

Segmentation by end-user
Satellite Operators and Owners
Space Launch Service Providers
National Space Agencies
Departments of Defense
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Safran
Northrop Grumman
Aerojet Rocketdyne
ArianeGroup
Moog
IHI Corporation
CASC
OHB System
SpaceX
Thales
Roscosmos
Lockheed Martin
Rafael
Accion Systems
Busek
Avio
CU Aerospace
Nammo

Key Questions Addressed in this Report

What is the 10-year outlook for the global Space Propulsion Systems market?

What factors are driving Space Propulsion Systems market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Space Propulsion Systems market opportunities vary by end market size?

How does Space Propulsion Systems break out type, end-user?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.