Press release
Insights on the Space Propulsion Market to 2023 | Industry Statistics, Emerging Demands, Forecast to 2030 | Nintendo, Sony PlayStation Portable (PSP), Xbox Cloud Gaming
Space Propulsion Market is anticipated to grow at a significant CAGR during the forecast period. An increase in the number of space exploration missions, increasing demand for superior electric powered propulsion systems, and increasing demand for LEO-based totally services are the major factors that are driving the growth of the space propulsion market during the forecast period. In the coming years, there will be an increase in public and private initiatives in space exploration with a converging global interest in moon exploration. Moon and Mars explorations are anticipated to account for maximum of the space missions to be launched by 2027, with lunar exploration becoming the focus of public as well as private stakeholders.Space explorations offer tangible as well as intangible advantages for humanity for the long term. Research and exploration of the low Earth orbit assist in providing solutions for numerous global services, which includes communication, oceanography, astronomy, surveillance and global positioning. Thus, global expenditures have grown inside the past five years, driven by programs in leading countries and new nations making an investment in space exploration. The development of high-tech propulsion systems enabling enhanced space expeditions. Technological breakthroughs and insights from past space missions have inspired new players to spend in this market, due to the significant opportunities. These factors are expected to fuel the market growth during the forecast period.
The space propulsion market analysis includes some of the key market players such as Safran S.A., Aerojet Rocketdyne Holdings, Inc., SpaceX, IHI Corporation, and Northrop Grumman Corporation, among others. In order to maintain a strong position in the market, these market players are adopting various strategic moves, such as product launches, partnerships, collaborations, and mergers and acquisitions.
To Request a Sample of our Report on Space Propulsion Market: https://www.omrglobal.com/request-sample/space-propulsion-market
Market Coverage
The market number available for - 2023-2030
Base year- 2022
Forecast period- 2024-2030
Segment Covered
Regions Covered- Globally
Competitive Landscape: Safran S.A., Aerojet Rocketdyne Holdings, Inc., SpaceX, IHI Corporation, and Northrop Grumman Corporation, among others.
Space Propulsion Market by Segment
Type
Chemical Propulsion Systems
Non- Chemical Propulsion Systems
Platform
Satellite
Launch Vehicle
A full Report of Space Propulsion Market is Available at: https://www.omrglobal.com/industry-reports/space-propulsion-market
Space Propulsion Market by Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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