Global Space Propulsion Market Analysis and Forecast (2023-2028)

1
Global Space Propulsion Market Analysis and
Forecast (2023-2028)
This report analyzes the Space Propulsion Market
from 2023 to 2028. It discusses various industry
and technology trends currently prevailing in the
space propulsion market, along with the factors
that drive, restrain, and challenge market growth
globally. The space propulsion market is
projected to grow from USD 10.6 billion in 2023
to 18.1 billion by 2028, at a CAGR of
11.3. Factors such as growing demand for
LEO-based services, a growing number of space
exploration programs, and an increased space
budget by the government are expected to drive
market growth during the forecast
period. Download PDF Brochure _at_ https//www.market
sandmarkets.com/pdfdownloadNew.asp?id118742255 Ba
sed on the platform, the launch vehicles segment
is estimated to lead the market during the
forecast period The launch vehicle segment has
been classified into launch vehicles (lt350,000
kg), medium to heavy launch vehicles (gt350,000
kg), and reusable launch vehicles. The medium to
heavy launch vehicles segment is estimated to
account for the largest market share in
2023. Based on Propulsion Type, the non-chemical
propulsion registers higher CAGR during the
forecast period The space propulsion market has
been segmented based on propulsion type into
chemical and non-chemical propulsion. Non-chemical
propulsion serves the same set of functions as
chemical propulsion but without using chemical
reactants. Technologies include systems that
accelerate reaction mass electrostatically
and/or electromagnetically (electric propulsion),
systems that energize propellant thermally
(solar or nuclear thermal propulsion), and those
that interact with the space environment to
obtain thrust electromagnetically (solar sail
and tether propulsion). The non-chemical
propulsion segment has been further segmented
into electric propulsion, solar propulsion,
tether propulsion, nuclear propulsion, and laser
propulsion. Based on System Components, the
thrusters segment held the largest market share
in the base year. Based on system components, the
space propulsion market has been segmented into
thrusters, propellant feed systems, rocket
motors, nozzles, propulsion thermal
2
control, power processing units, and others
(which include pressure transducers, couplings
disconnects, filters, plates, launch abort
motors, brackets, fasteners, injectors, and
reactors). Based on region, the Asia Pacific
region is estimated to lead the market in 2023.
This region includes China, Japan, India, South
Korea, and Australia. The increasing space
budget and the constant investment in space
exploration drive market growth in Asia
Pacific. Key Market Players Major players
operating in the space propulsion market include
Safran S.A. (France), SpaceX (US), L3Harris
Technologies Inc. (US), IHI Corporation (Japan),
and Northrop Grumman Corporation (US). The
industry majors Northrop Grumman Corporation,
SpaceX, and Safran SA primarily benefit from
their well-recognized brands, a wide range of
space solutions for commercial and military
applications, and strong distribution
capabilities in the space propulsion
market. Inquiry before buying _at_ https//www.market
sandmarkets.com/Enquiry_Before_BuyingNew.asp?id11
8742 255 About MarketsandMarkets MarketsandMar
kets is a blue ocean alternative in growth
consulting and program management, leveraging a
man-machine offering to drive supernormal growth
for progressive organizations in the B2B space.
We have the widest lens on emerging
technologies, making us proficient in co-creating
supernormal growth for clients. The B2B economy
is witnessing the emergence of 25 trillion of
new revenue streams that are substituting
existing revenue streams in this decade alone. We
work with clients on growth programs, helping
them monetize this 25 trillion opportunity
through our service lines - TAM Expansion,
Go-to-Market (GTM) Strategy to Execution, Market
Share Gain, Account Enablement, and Thought
Leadership Marketing. Built on the GIVE Growth
principle, we work with several Forbes Global
2000 B2B companies - helping them stay relevant
in a disruptive ecosystem. Our insights and
strategies are molded by our industry experts,
cutting-edge AI-powered Market Intelligence
Cloud, and years of research. The KnowledgeStore
(our Market Intelligence Cloud) integrates our
research, facilitates an analysis of
interconnections through a set of applications,
helping clients look at the entire ecosystem and
understand the revenue shifts happening in their
industry. Contact Mr. Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441