Space Propulsion System Market hit worth value of USD 27.50 Billion Forecast by 2022-2028

Global Space Propulsion System Market is valued at USD 8.28 Billion in 2021 and is expected to reach USD 27.50 Billion by 2028 with a CAGR of 22.15% over the forecast period.

Global Space Propulsion System Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028- Increasing demand for LEO satellites, rising demand for satellites for satellite imaging applications, and rising number of space exploration missions are some of the major factors driving the growth of the Global Space Propulsion System Market.

Space Propulsion System market report covers prominent players like,

• Airbus Se
• Aerojet Rocketdyne Holdings, Inc.
• Avio
• Busek Co. Inc.
• Blue Origin
• Enpulsion
• Bradford Space,
• Edb Fakel,
• Northrop Grumman Corporation
• Exotrail
• Dawn Aerospace
• Rafael Advanced Defense Systems Ltd.
• Ram Aviation
• Space and Defense
• SpaceX
• Northrop Grumman Corporation
• IHI Corporation
• others.

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Scope of Global Space Propulsion System Market Report-

The space propulsion system is an engine that facilitates the movement of spacecraft. This creates the thrust, which is needed to move the spacecraft into outer space. The engine can be used to change tactics or routes, as well as to accelerate spacecraft from Earth's orbit into deep space. These systems have been developed by scientists & aerospace engineers with the help of mathematical models and simulations. Spacecraft propulsion is any method used to propel spacecraft and artificial satellites. Space propulsion or in-space propulsion is only related to the propulsion system used in the vacuum of space and should not be confused with launch vehicles.

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Space Propulsion System Market Segmentation -

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

By Spacecraft Type:
• Satellites
• Rovers
• Capsules
• Launch Vehicles
• Interplanetary Spacecraft & Probes

By Propulsion Type:
• Non-Chemical Propulsion
• Chemical Propulsion

By Orbital Path:
• LEO
• GEO
• MEO
• Others

By End-Use:
• Commercial
• Government & Defense

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The report mentions some key global players in the market and additional names of the players in the market can be included as per the clients' request. Moreover, a customized or separate report can also be available according to the needs of clients. The report covers the recent development of players including merger & acquisition agreements, partnership or joint venture and latest products launches from the key manufacturers in the Space Propulsion System market. Please contact with our sales team, who will deliver reports that suits your necessities.

Competition Landscape
The report covers global aspect of the market, covering
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa
Continued…..

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