The Global Space Propulsion System Market report assesses the historical and current data along with a thorough analysis of the market dynamics. To assist readers in developing successful investment plans, the research gives specific attention to rising business components, specialty industries, product launches, and brand promotions happening in the market. The global health crisis's impact on the market's overall growth is thoroughly examined in the research. The important market growth driving and restraining variables that are projected to have an impact on market growth over the course of the forecast period are also discussed in the study. For the forecast period of 2021–2028, the Global Space Propulsion System Market analyses the market environment to provide growth forecasts for the Space Propulsion System industry. The study focuses on potential growth opportunities and constraints that the leading industry participants might experience over the course of the full forecast period.

The global space propulsion system market size is expected to reach 19.97 billion in 2028 and register a revenue CAGR of 14.6% in 2028, according to latest analysis by Emergen Research. Market revenue growth can be attributed to increasing emphasis on decreasing costs associated with space missions. Space propulsion system, particularly non-chemical propulsion, enables mass reduction of satellites and other spacecraft, resulting in reduced cost of launching a specific mission or launch of more advanced and efficient spacecraft for a particular mass. Airbus Defense and Space is utilizing electric space propulsion systems for the purpose of orbital station keeping for over a decade and is focusing on construction of large satellites, deploying only electric space propulsion systems for initial orbit raising. Space propulsion systems provide reliable solutions to keep total system cost low and decrease orbit raising duration.

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The Global Space Propulsion System Report is a panoramic study of the overall Space Propulsion System market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Space Propulsion System market. The report provides a detailed analysis of the key factors of the Space Propulsion System market that are expected to have a positive impact on the growth of the Space Propulsion System industry.

The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.

Key Benefits of the Report:

• Comprehensive analysis of the competitive scenario and its changing dynamics
• Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
• In-depth 8-year analysis of the Global Space Propulsion System Market
• Critical understanding of the key market segments
• Comprehensive analysis of the drivers, restraints, trends, and opportunities
• Detailed regional analysis and extensive company profiling
• Extensive assessment of current and emerging trends of the market

Key companies operating in the Space Propulsion System market include:

Space Exploration Technologies Corporation, Safran SA, Lockheed Martin Corporation, Aerojet Rocketdyne Holdings Inc., Thales Alenia Space, Moog Inc., IHI Corporation, OHB SE, Northrop Grumman Corporation, and Sierra Nevada Corporation

The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.

The report closely studies the growth trajectory of the global Space Propulsion System market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

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In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter's Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.

On the basis of type, the market is segmented into

• Component Outlook (Revenue, USD Billion; 2018–2028)

  • Thrusters
  • Rocket Motors
  • Propellant Feed Systems
  • Propulsion Thermal Control
  • Nozzles
  • Power Processing Units
  • Others

• Spacecraft Type Outlook (Revenue, USD Billion; 2018–2028)

  • Satellites
  • Capsules
  • Rovers
  • Interplanetary Spacecraft & Probes
  • Launch Vehicles

• Propulsion Type Outlook (Revenue, USD Billion; 2018–2028)

  • Chemical Propulsion
  • Non-chemical Propulsion
    1. Solar Propulsion
    2. Electric Propulsion
    3. Tether Propulsion
    4. Laser Propulsion
    5. Nuclear Propulsion

Key Questions Addressed in the Report:

• Who are the leading players in the Space Propulsion System industry?
• Which region is expected to dominate the market in the coming years?
• What are the key applications of Space Propulsion System?
• Which segment is expected to garner traction during the coming years?
• What are the key strategies adopted by leading players in the market?

The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Space Propulsion System industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.

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