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Satellite Propulsion System Market 2023 : Trends, Business Growth And Major Driving Factors | Airbus SAS, Aerojet Rocketdyne Holdings Inc., Moog Inc., Busek Co Inc., Bellatrix Aerospace Private Limited
Satellite Propulsion System Market
Satellite Propulsion System Market Size, Growth Rate, And Forecast
The global satellite propulsion system market size is expected to grow from $3.64 billion in 2022 to $4.30 billion in 2023 at a compound annual growth rate (CAGR) of 18.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global satellite propulsion system market size is expected to reach $8.10 billion in 2027 at a CAGR of 17.1%.
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Satellite Propulsion System Market Drivers
Growth in space exploration is expected to propel the growth of satellite propulsion systems going forward. Space exploration is the discovery and investigation of celestial bodies in space using ever-evolving and expanding space technologies. Advanced satellite propulsion systems are used in space exploration to improve the capabilities of deep space exploration by offering a travel through space and making controlled landings.
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Satellite Propulsion System Market Segments
1) By Type: Chemical Propulsion, Electric Propulsion, Hybrid Propulsion, Other Types
2) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO), Beyond Geosynchronous Orbit
3) By Application: Commercial Use, Science And Environment, National Security And Military, Meteorology, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Satellite Propulsion System market.
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Satellite Propulsion System Market Key Players
Major players in the satellite propulsion system market are Airbus SAS, Aerojet Rocketdyne Holdings Inc., Moog Inc., Busek Co Inc., Bellatrix Aerospace Private Limited, Exotrail SA, ENPULSION GmbH, Cobham Limited, Ball Corporation, Boeing, Mitsubishi Electric Corporation, OHB System AG, Safran S A, Orbital Atk Inc., Thales Group, Northrop Grumman Corporation and CU Aerospace.
The Business Research Company's "Global Satellite Propulsion System Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Satellite Propulsion System Market Include:
1. Executive Summary
2. Satellite Propulsion System Market Characteristics
3. Satellite Propulsion System Market Trends And Strategies
4. Satellite Propulsion System Market - Macro Economic Scenario
5. Satellite Propulsion System Market Size And Growth
……
27. Satellite Propulsion System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Satellite Propulsion System Market
29. Satellite Propulsion System Market Future Outlook and Potential Analysis
30. Appendix
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