Latest 2020 Space Propulsion Market Report by Type Chemical Propulsion, Non-chemical Propulsion | Global Forecast to 2025

The global space propulsion market size is projected to grow from USD 6.7 billion in 2020 to USD 14.2 billion by 2025, at a CAGR of 16.2% from 2020 to 2025. 

ReportsnReports added Latest Space Propulsion Market research report estimates the market size by the end of year at a CAGR, by deep-dive analysis of the historical data for the years. The main objective of this report is to determine Space Propulsion Market status, forecast, growth opportunity, market size by analyzing segments such as key market players, regional classifications, product type and application industry. Space Propulsion Market also provides a comparative analysis of the market dynamics pre and post Covid19 outbreak.

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Top Company Profile Analysis in this Report- Safran S.A. (France), Aerojet Rocketdyne Holdings, Inc. (US), SpaceX(US), IHI Corporation (Japan), and Northrop Grumman Corporation (US).

The study covers the space propulsion market across various segments and sub segments. It aims at estimating the size and growth potential of this market across different segments based on platform, propulsion type, system component,end user, support service, orbit, and region.This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

The space propulsion market faced a slight decline from 2018 to 2019 due to a decrease in the number of space launches. COVID-19 has also affected the import and export trading activities in the space industry. However, the expected rise in space launches from 2021 and beyond will drive the space propulsion market.

By platform, the satellite segment is estimated to be the largest and fastest-growing segment in the space propulsion market. The growth of this segment can be attributed torising small satellite launches for commercial and government applications. Large satellites, medium satellites, CubeSats, and small satellites, including nanosatellites, microsatellites, and mini satellites, play an important role in Earth observation, communication,and meteorology applications. These satellites are capable of monitoring cyclones, storms, El Niño, floods, fires, volcanic activities, earthquakes, landslides, oil slicks, environmental pollution, and industrial and power plant disasters

The government & defense segment is estimated to have the largest revenue market share in 2020. The growth of this segment can be attributed to increasing space exploration missions and rising space budgets.Defense organizations support the use of various types of satellites, such as remote sensing satellites, communication satellites, and surveillance satellites, for military operations and cyber operations. Support operations usually involve the launch of satellites with high-value payloads in space through Expendable Launch Vehicles (ELVs). They also ensure monitoring by facilitating the friendly use of space for various operations, such as surveillance, protection, and space intelligence analysis. For instance, the US Air Force regularly launches GPS and missile-defense tracking satellites and operates two classified X-37B robotic space planes.

By support service, the design, engineering, & operation segment is estimated to be the fastest-growing segment of the space propulsion market. The growth of this segment can be attributed to the need for advanced design and engineering to reduce the costs and complexities of propulsion systems.The service team responds directly to customers requiring system-level technology and concept evaluation, analysis, and maturation; detailed system development and propulsion component integration; and test verification planning, evaluation, and certification. The design, engineering, & operation service also provides operational support for space transportation propulsion systems. The service provided ranges from small thrusters to large rocket engines, covering both earth storable and cryogenic propellants.

Based on the region, the space propulsion market in North America is projected to register the highest CAGR during the forecast period. The growing demand for commercial communication and imaging satellites, increasing deployment of small satellites, rising space exploration missions for interplanetary observations, and demand for resupply missions for International Space Station (ISS) are key factors expected to drive the market in North America.Globally, technological breakthroughs and resourceful insights obtained from past space missions have inspired new players to invest in this niche market.

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Reasons to Buy this Report-
This report is expected to help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall space propulsion market and its segments. This study is also expected to provide region wise information about the applications wherein a space propulsion system is used. This report aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.

Table of Contents in this Report-
1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered For The Study
1.4 Currency & Pricing
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown Of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Covid-19 Impact On The Market Analysis
2.2.2 Top-Down Approach
2.3 Market Breakdown And Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Average Selling Price Trend
5.4 Value Chain Analysis
5.5 Ecosystem/Market Map
5.6 Covid19 Impact: Ranges And Scenarios

6 Industry Trends
6.1 Introduction
6.2 Technology Analysis
6.3 Key Market For Export/Import
6.4 Patent Analysis
6.5 Case Study Analysis

and more...

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