Space Propulsion Systems Market Key Drivers, Trends, Growth, Outlook 2023-2032

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Space Propulsion Systems Global Market Report
2023
Market Size, Trends and Global Forecast 2023-2032
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Space Propulsion Systems Market Segments
The Business Research Company segments its Space
Propulsion Systems market report as
Thrusters, Rocket Motors, Propellant Feed
Systems, Propulsion Thermal Control, Nozzles,
Power Processing Units, Other Components
By Component
Satellites, Rovers, Capsules, Launch Vehicles,
Interplanetary Spacecraft And Probes
By Spacecraft Type
Space Simulation, Rocket Launch, Other
Applications
By Application
By End User
Civil And Earth Observation, Government And
Military, Commercial
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Space Propulsion Systems Market Statistics
The global space propulsion systems market size
is expected to grow from 8.26 billion in 2022 to
9.66 billion in 2023 at a compound annual growth
rate (CAGR) of 16.9. The global space propulsion
systems market size is expected to reach 17.15
billion in 2027 at a CAGR of 15.4.
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Key Market Drivers And Trends
Drivers
The growing space exploration missions is
expected to propel the growth of the space
propulsion systems market in the coming future.
Trends
The advancements in electric propulsion
technologies are key trends gaining popularity in
the space propulsion systems market.
Region
North America was the largest region in the space
propulsion systems market in 2022. The regions
covered in the global space propulsion system
market report are Asia-Pacific, Western Europe,
Eastern Europe, North America, South America,
Middle East and Africa.
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Key Market Players

• Major players in the Space Propulsion Systems
  market are
• IHI Corporation
• Safran S.A
• Aerojet Rocketdyne Holdings Inc
• SpaceX
• Northrop Grumman Corporation
• And more.

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