Space Propulsion Systems Market

Space Propulsion Systems Market Research
Report By Forecast To 2025
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2025
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Space Propulsion Systems Market Forecast To 2025
Space Propulsion Systems Market Forecast
The Global Space Propulsion Systems Market is projected to be valued at USD 5.69 Billion by 2025, expanding at a CAGR of
14.8% between 2019 and 2025.
The market witnessed significant traction in recent years owing to various countries launching their own earth observatory
satellites. Currently, space propulsion technology is in a nascent stage and various efforts by governments and private
companies have been made to commercialize different propulsion technologies that are efficient and low cost.
Technological breakthroughs such as EmDrive are expected to occur during the forecast period which is expected to change
the landscape and dynamics of the space propulsion systems market.
Traditional space propulsion systems use oxygen fuel as propellant. In recent years, extensive research is been carried out to
develop commercial EmDrive propulsion systems. As of now, EmDrive is a theoretical concept which is expected to be
commercially developed during the forecast period. The EmDrive works on the principle of converting electrical energy to
microwaves and channeling these waves through a conical chamber. The commercialization of such technology would prove
a breakthrough in the field of modern propulsion systems technology.
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Space Propulsion Systems Market Forecast To 2025
Market USP
Various private companies and government agencies investing in research & development of space technologies.
Growth Opportunities in the Market
• Dominance of satellite propulsion systems in the market: The satellite propulsion systems segment dominated the global
space propulsion systems market in 2018 and this trend is expected to continue during the forecast period. Moreover,
the development of all-electric satellites is expected to drive the segmental growth during the forecast period. Thus, it is
expected to replace traditional chemical-based propulsion systems. The satellite propulsion systems accounted for more
than 51% share of the space propulsion systems market.
• The government expected to actively invest in space technologies: The government segment is expected to register the
highest CAGR during the forecast period. Governments are actively launching satellites for earth observation and
communication purposes. For instance, US-based Defense Advanced Research Projects Agency (DARPA) launched a small
satellite through Rocket Lab, a commercial small satellite launch service provider. The satellite was launched to improve
radio communication in the military.
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Space Propulsion Systems Market Forecast To 2025
Key Players
• Accion Systems Inc. (US)
• Aerojet Rocketdyne (US)
• Avio SpA (Italy)
• Blue Origin (US)
• IHI Corporation (Japan)
• Moog Inc. (US)
• Northrop Grumman Corporation (US)
• OHB SE (Germany)
• Safran (France)
• Sierra Nevada Corporation (US)
• Space Exploration Technologies Corporation (US)
• Yuzhnoye SDO (Ukraine)
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Space Propulsion Systems Market Forecast To 2025
Space Propulsion Systems Market Table Of Contents
1. Executive Summary
1.1. Market Attractiveness Analysis
1.2. Global Space Propulsion System Market, by Type
1.3. Global Space Propulsion System Market, by End User
1.4. Global Space Propulsion System Market, by Region
2. Market Introduction
2.1. Market Definition
2.2. Scope of the Study
2.2.1. Research Objectives
2.2.2. Assumptions & Limitations
2.3. Market Structure
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Space Propulsion Systems Market Forecast To 2025
3. Market Research Methodology
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Forecast Model
4. MARKET LANDSCAPE
4.1. Supply Chain Analysis
4.2. Porter’s Five Forces Analysis
Continued....
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Space Propulsion Systems Market Forecast To 2025
Space Propulsion Systems Market List Of Tables
Table 1 Global Space Propulsion System Market, by Type, 2018–2025
Table 2 Global Space Propulsion System Market, by End User, 2018–2025
Table 3 Global Space Propulsion System Market, by Region, 2018–2025
Table 4 North America: Space Propulsion System Market, by Country, 2018–2025
Table 5 North America: Space Propulsion System Market, by Type, 2018–2025
Table 6 North America: Space Propulsion System Market, by End User, 2018–2025
Continued…….
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Space Propulsion Systems Market Forecast To 2025
Space Propulsion Systems Market List Of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down & Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter's Five Forces Analysis
Figure 7 Value Chain Analysis
Continued…….
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The Global Space Propulsion Systems Market is projected to reach USD 5.69 Billion by 2025, expanding at a CAGR of 14.8% between 2019 and 2025.

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