Space Propulsion Market

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Space Propulsion Market by Platform (Satellite, Launch Vehicle), Propulsion Type (Chemical Propulsion, Non-Chemical Propulsion), Component (Thrusters, Propellant Feed System, Nozzle), Orbit, End User, Orbit, Support Service, and Region - Global Forecast to 2028

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Report Code: AS 7754 Jul, 2023, by marketsandmarkets.com

[293 Pages Report] The Global Space Propulsion Market Size is estimated to be USD 10.6 billion in 2023 and is projected to reach USD 18.1 billion by 2028, at a CAGR of 11.3% from 2023 to 2028. The Space Propulsion Industry is driven by factors such as rising space exploration programs and a focus on the development of reusable launch vehicles.

Space Propulsion Market

Space Propulsion Market

Space Propulsion Market Forecast to 2028

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Space Propulsion Market Dynamics:

Drivers: Surge in the number of space exploration missions

Space exploration provides the possibility of tangible as well as intangible benefits for humanity in the long term. For instance, research and exploration of the low Earth orbit help in providing solutions for various global services, such as communication, global positioning, oceanography, surveillance, and astronomy.

Hence, global expenditure has grown in the last five years, driven by programs in leading countries investing in space exploration, which is being enabled by the development of high-tech propulsion systems. Technological breakthroughs and insights from past space missions have also inspired new players to invest in this niche market due to the significant opportunities provided by it.

In the coming years, there is likely to be an increase in public and private initiatives in space exploration with a converging global interest in Moon exploration. The space sector has obtained record government investment totaling over USD 92 billion in 2022, an 8% increase compared to 2020, as declared by major space consulting and market intelligence firm Euroconsult’s ‘Government Space Programs’ report for 2021. In terms of applications, Moon and Mars exploration are expected to account for most space missions to be launched by 2027, as lunar exploration becomes the focus of private and public stakeholders. A total of more than 10 missions are anticipated to be launched for other deep space exploration by the ESA, NASA, Blue Origin, SpaceX, and others, while the remaining missions will be dedicated to Mars exploration.

Restraints: Complex government frameworks and stringent policies

Government policies at both the nation-state and international levels directly or indirectly influence the evolution of the small satellite ecosystem and industry. Currently, there is no comprehensive global or domestic on-orbit regulation regime.

Also, the Copernicus project, which is believed to be at the forefront of European space policy, is particularly hit by a lot of shortcomings. A weak data distribution system, mixed with a complex government framework and inadequate European industrial and space policy support actions, are the most significant obstacles holding back a faster development of products and services based on Copernicus data.

Satellite operators have expressed interest in developing regulations that would provide certainty to investors. However, there are concerns over burdensome regulations that could drive companies to move from country to country. Given that the timeline in which operators’ and policymakers’ functions do not always align and that there are significant efforts involved in creating international community agreements, developing policies and regulations for the quickly evolving commercial space industry will be a hurdle for the next 10 years.

Opportunities: Technological upgrade in electric propulsion to improve efficiency and reduce cost

Electric propulsion (EP) with increased capabilities and higher-efficiency thrusters is being developed to reduce costs and risks and enable credible space missions. EP has been used by many commercial satellite providers for on-orbit station keeping due to its total life-cycle cost advantages.

Currently, NASA’s Solar Electric Propulsion (SEP) project is developing advanced technologies to extend the length and capabilities of future space exploration missions. An advanced propulsion technology like SEP allows deep-space missions to carry more cargo and use smaller launch vehicles while reducing mission costs. SEP also provides a high fuel economy; it reduces the volume of propellants required onboard vehicles for deep-space missions by as much as 90%.

Electric propulsion used for space applications has benefited a variety of NASA, military, and commercial missions. In 2019, NASA signed a contract with Maxar Technologies to provide solar electric propulsion for orbital adjustments as well as electricity with solar arrays for its Gateway’s service module. Also, in the last two decades, space start-up firms have proved they can compete against heavyweight aerospace contractors like Boeing and Lockheed Martin. As of 2021-2022, a SpaceX rocket launching can be 97% cheaper than a Russian Soyuz ride cost in the ’60s. Thus, due to these reasons, electric propulsion technology will boost the space propulsion market during the forecast years.

Challenges: Emissions due to space missions

Space launches can lead to a hefty carbon footprint due to the burning of solid rocket fuels. Every time a rocket is launched, it produces a plume of exhausts filled with materials that can collect in the air over time, potentially altering the atmosphere in dangerous ways. Rockets utilizing unsymmetrical dimethyl hydrazine (N(CH3)2NH2) and dinitrogen tetroxide (N2O4) propellants account for about one-third of all stratospheric rocket engine emissions, comparable to solid-fueled rocket emissions.

Small pieces of soot and alumina are created in the wake of rocket launches. These materials may build up in the stratosphere over time and slowly lead to the depletion of the ozone layer. For instance, SpaceX’s Falcon Heavy, the world’s heaviest operational rocket, burns about 400 metric tons of kerosene and emits more carbon dioxide in a few minutes than an average car would in more than two centuries. With a significant increase in the number of space missions, the emission scale of harmful gases is also expected to increase, which poses a challenge.

Space Propulsion Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of space propulsion systems with a global presence. These companies have been operating in the market for several years and have a diversified product portfolio, state-of-the-art technologies, and robust global sales and marketing networks. Prominent companies include Safran S.A. (France), L3Harris Technologies, Inc. (US), IHI Corporation (Japan), Space Exploration Technologies Corp. (SpaceX) (US), and Northrop Grumman Corporation (US).

Space Propulsion Market by Ecosystem

Based on platform, the rovers/spacecraft landers segment is projected to grow at the highest CAGR in the Space Propulsion Market during the forecast period.

Based on the platform, the space propulsion market has been segmented into satellites, capsules/cargos, interplanetary spacecraft & probes, rovers/spacecraft landers, and launch vehicles.

A rover (or planetary rover) is a planetary surface exploration device designed to move across the solid surface of a planet or other planetary mass celestial bodies. Some rovers have been designed as land vehicles to transport members of a human spaceflight crew; others are partially or fully autonomous robots. Rovers are typically created to land on a planet (other than Earth) via a lander-style spacecraft, tasked to collect information about the terrain and take crust samples such as dust, soil, rocks, and liquids. They are essential tools in space exploration.

Based on component, the propellant feed systems segment held the second largest share in the base year.

Based on components, the space propulsion market has been segmented into thrusters, propellant feed systems, rocket motors, nozzles, propulsion thermal control, power processing units, and others.

Among these, the propellant feed systems segment held the second-largest share in 2023. The propellant feed system of a spacecraft determines how the propellant is delivered from the tanks to the thrust chamber. It is generally classified as either pressure-fed or pump-fed. A pressure-fed system is simple and relies on tank pressures to feed the propellants into the thrust chamber. This type of system is typically used for space propulsion applications and auxiliary propulsion applications requiring low system pressures and small quantities of propellants. Propellant feed systems are further classified into tanks for keeping propellants and oxidizers, regulators, valves, turbopumps, and combustion chambers.

Cobham Mission Systems (UK), VACCO Industries (US), and Ram Company (US) are some of the players providing propellant feed systems.

North America holds the largest share in 2023.

North America holds the largest share in 2023. This large share is due to several factors, such as High spending on the space sector, a strong focus on the adoption of state-of-the-art technologies, and the presence of leading players in the region.

Space Propulsion Market by Region

Space Propulsion Market by Region

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Key Market Players

Major players operating in the space propulsion companies include Safran S.A. (France), SpaceX (US), L3Harris Technologies Inc. (US), IHI Corporation (Japan), and Northrop Grumman Corporation (US).

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Scope of the Report

Report Metric

Details

Market Size Available for Years

2019–2028

Base Year Considered

2022

Forecast Period

2023–2028

Forecast Units

Value (USD Million/Billion)

Segments Covered

Propulsion Type, System Component, Orbit, Platforms, End User, and Region

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies Covered

Safran S.A. (France), L3Harris Technologies Inc. (US), Aerojet Rocketdyne Holdings, Inc. (US), IHI Corporation (Japan), Space Exploration Technologies Corporation (US), Northrop Grumman Corporation (US), Moog, Inc. (US), Rafael Advanced Defense Systems Ltd. (Israel), Thales Alenia Space (France), Lockheed Martin Corporation (US), and others

Space Propulsion Market Highlights

This research report categorizes the space propulsion market based on propulsion type, system component, orbit, platforms, end user, and region.

Segment

Subsegment

By Platform:
  • Satellites
    • CubeSats
    • Small Satellites
      • Nanosatellites
      • Microsatellites
      • Minisatellites
    • Medium Satellites
    • Large Satellites
  • Capsules/Cargo
    • Crewed Spacecraft or Human Space Flight
    • Uncrewed or Unmanned Spacecraft
  • Interplanetary Spacecraft & Probes
  • Rovers/ Spacecraft Landers
  • Launch Vehicles
    • Small Launch Vehicles
    • Medium to Heavy Launch Vehicles
    • Reusable Launch Vehicles

By Propulsion Type:
  • Chemical Propulsion
    • Solid
      • Homogeneous
      • Heterogeneous/Composites
    • Liquid
      • Monopropellant
        • Non-Green
        • Green
      • Biopropellant
        • Cryogenic
        • Hypergolic
    • Hybrid
    • Cold Gas
  • Non-Chemical Propulsion
    • Electric or Ion Propulsion
      • Electrothermal
        • Argon
        • Hydrogen
        • Others
      • Electromagnetic
        • PTFE
      • Electrostatic
        • Xenon
        • Krypton
        • Others
    • Solar Propulsion
      • Solar Sail Propulsion
      • Solar Electric Propulsion
      • Solar Thermal Propulsion
    • Tether Propulsion
    • Nuclear Propulsion
    • Laser Propulsion

By Component:
  • Thrusters
    • Chemical Propulsion Thrusters
      • Cold & Warm Gas Thrusters
      • Monopropellant Thrusters
      • Bipropellant Tanks
    • Electric Propulsion Thrusters
      • Gridded Ion Engines or Ion Thrusters (GIE)
      • Hall- Effect Thrusters (HET)
      • Pulsed Plasma Thruster (PPT)
      • Magneto Plasma Dynamic (MPD) Thruster
  • Propellant Feed Systems
    • Propellant Tanks
      • Monopropellant Tanks
      • Bipropellant Tanks
      • Oxidizer Tanks
    • Pressure & Flow Regulators
    • Valves
    • Turbo Pumps
    • Combustion Chamber
  • Rocket Motors
  • Nozzles
  • Propulsion Thermal Control
  • Power Processing Units
  • Others

By Orbit:
  • Low Earth Orbit (LEO)
  • Medium Earth Orbit (MEO)
  • Geosynchronous Earth Orbit (GEO)
  • Beyond Geosynchronous Earth Orbit

By End User:
  • Commercial
    • Satellite Operators & Owners
    • Space Launch Service Providers
  • Government & Defense
    • Department Of Defense
    • National Space Agencies
    • Others

By Support Service:
  • Design, Engineering, Operation & Maintenance
  • Hot Firing & Environmental Test Execution
  • Fuelling & Launch and Ground Support

By Region:
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Recent Developments

  • In June 2023, Safran SA’s subsidiary Safran Electronics & Defense signed a Memorandum of Agreement with Terran Orbital to examine and verify the requirements for the American manufacturing of a new generation of electric propulsion systems for satellites based on Safran's PPSX00 plasma thruster.
  • In April 2023, Aerojet Rocketdyne Holdings, Inc announced that it had received a USD 67 million worth contract from the Lockheed Martin Corporation to deliver propulsion systems for the Orion spacecraft that are planned to launch on Artemis missions VI-VIII.
  • In December 2022, the Spanish Ministry of Defense awarded a contract to Airbus Defence and Space GmbH, Airbus Defence and Space SAU, Dassault Aviation, Indra, and Eumet (a Joint Venture between Safran Aircraft Engines and MTU Aero Engines) for the development of next phase of NGWS/FCAS project.
  • In August 2022, NASA awarded USD 1.4 Bn worth of five astronaut mission contracts to SpaceX. This contract was made under NASA’s Commercial Crew program, which delivers astronauts and cargo to and from the International Space Station

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 SPACE PROPULSION MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 INCLUSIONS AND EXCLUSIONS 
           TABLE 1 INCLUSIONS AND EXCLUSIONS
    1.5 CURRENCY CONSIDERED 
           TABLE 2 USD EXCHANGE RATES
    1.6 MARKET STAKEHOLDERS 
    1.7 LIMITATIONS 
    1.8 SUMMARY OF CHANGES 
           1.8.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA 
           FIGURE 2 RESEARCH PROCESS FLOW
           FIGURE 3 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Primary sources
                               FIGURE 4 KEY INDUSTRY INSIGHTS
                               FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS
           2.1.3 RECESSION IMPACT ANALYSIS
    2.2 RESEARCH APPROACH AND METHODOLOGY 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 6 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 7 TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION 
           FIGURE 8 DATA TRIANGULATION
    2.4 MARKET SIZING AND FORECASTING 
    2.5 RESEARCH ASSUMPTIONS AND ASSOCIATED RISKS, BY SEGMENT 
    2.6 RISKS 
    2.7 RESEARCH LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 43)
    FIGURE 9 THRUSTERS TO SURPASS OTHER SEGMENTS BETWEEN 2023 AND 2028
    FIGURE 10 NON-CHEMICAL TO BE FASTEST-GROWING SEGMENT DURING  FORECAST PERIOD
    FIGURE 11 SATELLITES TO HOLD LARGEST MARKET SHARE IN 2028
    FIGURE 12 COMMERCIAL SEGMENT TO SECURE LEADING MARKET POSITION IN 2028
    FIGURE 13 ASIA PACIFIC TO BE LARGEST MARKET DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 46)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SPACE PROPULSION MARKET 
           FIGURE 14 INCREASE IN SPACE EXPLORATION MISSIONS WORLDWIDE
    4.2 SPACE PROPULSION MARKET, BY PLATFORM 
           FIGURE 15 LAUNCH VEHICLES TO HOLD MAJOR MARKET SHARE IN 2023
    4.3 SPACE PROPULSION MARKET, BY PROPULSION TYPE 
           FIGURE 16 NON-CHEMICAL SEGMENT TO RECORD HIGHEST CAGR BETWEEN  2023 AND 2028
    4.4 SPACE PROPULSION MARKET, BY END USER 
           FIGURE 17 COMMERCIAL SEGMENT TO WITNESS STRONG GROWTH DURING  FORECAST PERIOD
    4.5 SPACE PROPULSION MARKET, BY REGION 
           FIGURE 18 ASIA PACIFIC TO SECURE MAXIMUM SHARE IN 2023
 
5 MARKET OVERVIEW (Page No. - 49)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 19 SPACE PROPULSION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,  AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing number of space exploration missions
                               TABLE 3 SPACE MISSIONS, 2023–2026
                    5.2.1.2 Increasing demand for LEO-based services
                               TABLE 4 LEO AND MEO CONSTELLATIONS
                    5.2.1.3 Focus on reducing mission costs
                    5.2.1.4 Demand for advanced electric propulsion systems
                    5.2.1.5 Technological advancements in space propulsion
                    5.2.1.6 Significant investments by venture capital companies in space exploration missions
                               FIGURE 20 VENTURE FUNDING IN SPACE TECH
                    5.2.1.7 Increasing use of small satellites in various applications
                               FIGURE 21 SMALL SATELLITE LAUNCHES, 2015–2020
                    5.2.1.8 Growing number of companies offering space launch vehicles
                               FIGURE 22 ESTABLISHED SPACE FIRMS, 2020–2018
                    5.2.1.9 Increasing demand for commercial-off-the-shelf components for CubeSats
                               FIGURE 23 CUBESAT LAUNCHES, 2016–2023
           5.2.2 RESTRAINTS
                    5.2.2.1 Complex government framework and stringent policies
                               TABLE 5 BARRIERS TO COPERNICUS PROJECT
                    5.2.2.2 Lack of dedicated small satellite launch vehicles
                               FIGURE 24 SMALL SATELLITE LAUNCHER STATUS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Surge in R&D in space propulsion technologies
                    5.2.3.2 Technological upgrades in electric propulsion to improve efficiency and reduce cost
                    5.2.3.3 Government investments in space technologies
                               FIGURE 25 INVESTMENTS IN SPACE, 2000–2019 (USD BILLION)
                               FIGURE 26 GLOBAL SPACE ECONOMY, 2015–2021 (USD BILLION)
                    5.2.3.4 Advancements in plasma thruster technology
                    5.2.3.5 Rising adoption of nuclear technology in propulsion systems
           5.2.4 CHALLENGES
                    5.2.4.1 Concerns over increasing space debris
                    5.2.4.2 Emissions due to space missions
                    5.2.4.3 Risk of satellite launch vehicle failure
                               TABLE 6 EARTH OBSERVATION SATELLITE LAUNCH FAILURES, 2019–2023
    5.3 SUPPLY CHAIN ANALYSIS 
           FIGURE 27 SUPPLY CHAIN ANALYSIS
    5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 28 REVENUE SHIFT IN SPACE PROPULSION MARKET
    5.5 ECOSYSTEM MAPPING 
           5.5.1 PROMINENT COMPANIES
           5.5.2 PRIVATE AND SMALL ENTERPRISES
           5.5.3 END USERS
                    FIGURE 29 SPACE PROPULSION MARKET ECOSYSTEM
                    TABLE 7 SPACE PROPULSION MARKET: ROLE OF COMPANIES IN ECOSYSTEM
    5.6 AVERAGE SELLING PRICE ANALYSIS 
           TABLE 8 AVERAGE PRICE OF THRUSTERS (USD MILLION)
           TABLE 9 AVERAGE PRICE OF SATELLITES (USD MILLION)
           TABLE 10 AVERAGE PRICE OF SATELLITE SUBSYSTEMS (%)
           TABLE 11 AVERAGE PRICE OF CUBESATS (USD MILLION)
           TABLE 12 AVERAGE PRICE OF CUBESAT SUBSYSTEMS (%)
           TABLE 13 COST COMPOSITION OF SPACECRAFT (%)
           TABLE 14 COST COMPARISON OF LAUNCH VEHICLES (USD MILLION)
           TABLE 15 NASA’S SPACE TRANSPORTATION SYSTEM AND COMPONENT COSTING
           TABLE 16 COST COMPOSITION OF LEO PAYLOADS (USD)
    5.7 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 17 IMPACT OF PORTER’S FIVE FORCES
           FIGURE 30 PORTER’S FIVE FORCES ANALYSIS
           5.7.1 THREAT OF NEW ENTRANTS
           5.7.2 THREAT OF SUBSTITUTES
           5.7.3 BARGAINING POWER OF SUPPLIERS
           5.7.4 BARGAINING POWER OF BUYERS
           5.7.5 INTENSITY OF COMPETITIVE RIVALRY
    5.8 TARIFF AND REGULATORY LANDSCAPE 
                    5.8.1.1 North America
                    5.8.1.2 Europe
                    5.8.1.3 Asia Pacific
                    5.8.1.4 Middle East
    5.9 TRADE ANALYSIS 
           TABLE 18 COUNTRY-WISE IMPORTS, 2020–2022 (USD THOUSAND)
           TABLE 19 COUNTRY-WISE EXPORTS, 2020–2022 (USD THOUSAND)
    5.10 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF TOP THREE PLATFORMS
                    TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF TOP THREE PLATFORMS (%)
           5.10.2 BUYING CRITERIA
                    FIGURE 32 KEY BUYING CRITERIA FOR TOP THREE PLATFORMS
                    TABLE 21 KEY BUYING CRITERIA FOR TOP THREE PLATFORMS
    5.11 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 22 KEY CONFERENCES AND EVENTS, 2023–2024
 
6 INDUSTRY TRENDS (Page No. - 77)
    6.1 INTRODUCTION 
    6.2 TECHNOLOGY TRENDS 
           6.2.1 ULTRA COLD STORAGE TANKS FOR LIQUID HYDROGEN
           6.2.2 MICRO PROPULSION FOR CUBESATS
           6.2.3 SPACE ELEVATOR PROPULSION THROUGH MECHANICAL WAVES
           6.2.4 LOW-COST ELECTRIC PROPULSION THRUSTERS FOR DEEP-SPACE ROBOTIC MISSIONS
           6.2.5 DEDICATED LAUNCH VEHICLES FOR SMALL SATELLITES
                    TABLE 23 STATE-OF-THE-ART SMALL SATELLITE-CUBESAT TECHNOLOGIES
           6.2.6 PLASMA THRUSTERS FOR SPACE EXPLORATION
           6.2.7 NUCLEAR PROPULSION
           6.2.8 USE OF GREEN FUEL IN SPACECRAFT
           6.2.9 IMPROVEMENTS IN PROPELLANT TECHNOLOGY
           6.2.10 HYPERSONIC INFLATABLE AERODYNAMIC DECELERATOR (HIAD) RECOVERY TECHNOLOGY
           6.2.11 REUSABLE LAUNCH VEHICLES
           TABLE 24 LAUNCH VEHICLES
    6.3 TECHNOLOGY ANALYSIS 
           6.3.1 DIPOLE DRIVE FOR SPACE PROPULSION
           6.3.2 ION PROPULSION
           6.3.3 CUBESAT-BASED NEW PROPULSION SYSTEMS
                    6.3.3.1 NASA solar sail mission
                    6.3.3.2 Water as fuel
                    6.3.3.3 Iodine electric propulsion system
    6.4 USE CASES 
           6.4.1 WATER ELECTROLYSIS PROPULSION
           6.4.2 SOLAR SAIL TECHNOLOGY
           6.4.3 BUSEK BHT-200 – HIGH-PERFORMANCE AND MATURE  PROPULSION SYSTEM
           6.4.4 PROPULSION TECHNOLOGY IN SUPER HEAVY-LIFT EXPENDABLE LAUNCH VEHICLES
           6.4.5 PROPULSION TECHNOLOGY FOR CUBESATS
           6.4.6 SATELLITE ORBIT MANEUVERING
    6.5 IMPACT OF MEGATRENDS 
           6.5.1 MINIATURIZATION IN SPACE TECHNOLOGY
           6.5.2 SPACE 4.0
           6.5.3 RIDESHARE PROGRAM
    6.6 INNOVATIONS AND PATENT REGISTRATIONS 
           TABLE 25 INNOVATIONS AND PATENT REGISTRATIONS, 2019–2023
    6.7 ROADMAP: SPACE PROPULSION MARKET 
           TABLE 26 EVOLUTION OF SPACE PROPULSION: ROADMAP FROM 2010 TO 2030
 
7 SPACE PROPULSION MARKET, BY PLATFORM (Page No. - 92)
    7.1 INTRODUCTION 
           FIGURE 33 SPACE PROPULSION MARKET, BY PLATFORM, 2023–2028
           TABLE 27 SPACE PROPULSION MARKET, BY PLATFORM, 2020−2022 (USD MILLION)
           TABLE 28 SPACE PROPULSION MARKET, BY PLATFORM, 2023−2028 (USD MILLION)
    7.2 SATELLITES 
           TABLE 29 SATELLITES: SPACE PROPULSION MARKET, BY TYPE, 2020–2022 (USD MILLION)
           TABLE 30 SATELLITES: SPACE PROPULSION MARKET, BY TYPE, 2023–2028 (USD MILLION)
           7.2.1 CUBESATS
                    7.2.1.1 Rapid deployment in interplanetary missions to drive growth
           7.2.2 SMALL SATELLITES
                    7.2.2.1 Advancements in small satellites to drive growth
                               TABLE 31 SMALL SATELLITES: SPACE PROPULSION MARKET, BY TYPE, 2020–2022 (USD MILLION)
                               TABLE 32 SMALL SATELLITES: SPACE PROPULSION MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    7.2.2.2 Nanosatellites
                    7.2.2.3 Microsatellites
                    7.2.2.4 Minisatellites
           7.2.3 MEDIUM SATELLITES
                    7.2.3.1 Increase in scientific research and exploration to drive growth
           7.2.4 LARGE SATELLITES
                    7.2.4.1 Widespread adoption in deep-space exploration to drive growth
    7.3 CAPSULES/CARGOS 
           TABLE 33 CAPSULES/CARGOS: SPACE PROPULSION MARKET, BY TYPE,  2020–2022 (USD MILLION)
           TABLE 34 CAPSULES/CARGOS: SPACE PROPULSION MARKET, BY TYPE,  2023–2028 (USD MILLION)
           7.3.1 CREWED SPACECRAFT/HUMAN SPACE FLIGHT
                    7.3.1.1 Increase in space travel to drive growth
           7.3.2 UNCREWED/UNMANNED SPACECRAFT
                    7.3.2.1 Increased use in space missions to drive growth
    7.4 INTERPLANETARY SPACECRAFT & PROBES 
           7.4.1 RIGOROUS DEVELOPMENT OF SPACE PROBES FOR SOLAR SYSTEM EXPLORATION TO DRIVE GROWTH
    7.5 ROVERS/SPACECRAFT LANDERS 
           7.5.1 WIDE-SCALE USE IN SPACE EXPLORATION MISSIONS TO DRIVE GROWTH
    7.6 LAUNCH VEHICLES 
           TABLE 35 LAUNCH VEHICLES: SPACE PROPULSION MARKET, BY TYPE, 2020–2022 (USD MILLION)
           TABLE 36 LAUNCH VEHICLES: SPACE PROPULSION MARKET, BY TYPE, 2023–2028 (USD MILLION)
           7.6.1 SMALL LAUNCH VEHICLES
                    7.6.1.1 Growing LEO satellite launch missions to drive growth
           7.6.2 MEDIUM-TO-HEAVY LAUNCH VEHICLES
                    7.6.2.1 Rising demand from telecommunications sector to drive growth
           7.6.3 REUSABLE LAUNCH VEHICLES
                    7.6.3.1 Reduced mission costs to drive growth
 
8 SPACE PROPULSION MARKET, BY PROPULSION TYPE (Page No. - 103)
    8.1 INTRODUCTION 
           FIGURE 34 SPACE PROPULSION MARKET, BY PROPULSION TYPE, 2023–2028
           TABLE 37 SPACE PROPULSION MARKET, BY PROPULSION TYPE, 2020−2022 (USD MILLION)
           TABLE 38 SPACE PROPULSION MARKET, BY PROPULSION TYPE, 2023−2028 (USD MILLION)
    8.2 CHEMICAL 
           TABLE 39 CHEMICAL: SPACE PROPULSION MARKET, BY TYPE, 2020–2022 (USD MILLION)
           TABLE 40 CHEMICAL: SPACE PROPULSION MARKET, BY TYPE, 2023–2028 (USD MILLION)
           8.2.1 SOLID
                    8.2.1.1 Growing satellite launches and interplanetary missions to drive growth
                    8.2.1.2 Homogeneous
                    8.2.1.3 Heterogeneous/Composites
           8.2.2 LIQUID
                    8.2.2.1 High demand from active and future launch vehicles to drive growth
                               TABLE 41 LIQUID PROPELLANTS USED IN FLIGHT VEHICLES
                    8.2.2.2 Monopropellant
                               8.2.2.2.1 Non-green
                               8.2.2.2.2 Green
                    8.2.2.3 Bipropellant
                               8.2.2.3.1 Cryogenic
                               8.2.2.3.2 Hypergolic
           8.2.3 HYBRID
                    8.2.3.1 Efficient performance, reduced weight, and advanced cooling methodology to drive growth
           8.2.4 COLD GAS
                    8.2.4.1 Growing use in low-thrust maneuvers to drive growth
    8.3 NON-CHEMICAL 
           TABLE 42 NON-CHEMICAL: SPACE PROPULSION MARKET, BY TYPE, 2020–2022 (USD MILLION)
           TABLE 43 NON-CHEMICAL: SPACE PROPULSION MARKET, BY TYPE, 2023–2028 (USD MILLION)
           8.3.1 ELECTRIC
                    8.3.1.1 Efficient use of fuel to drive growth
                    8.3.1.2 Electrothermal
                               8.3.1.2.1 Argon
                               8.3.1.2.2 Hydrogen
                               8.3.1.2.3 Others
                    8.3.1.3 Electromagnetic
                               8.3.1.3.1 PTFE
                    8.3.1.4 Electrostatic
                               8.3.1.4.1 Xenon
                               8.3.1.4.2 Krypton
                               8.3.1.4.3 Others
           8.3.2 SOLAR
                    8.3.2.1 Growing preference for fuel-free operations to drive growth
                    8.3.2.2 Solar sail propulsion
                    8.3.2.3 Solar electric propulsion
                    8.3.2.4 Solar thermal propulsion
           8.3.3 TETHER
                    8.3.3.1 Low cost of in-space propulsion to drive growth
           8.3.4 NUCLEAR
                    8.3.4.1 High energy density to drive growth
           8.3.5 LASER
                    8.3.5.1 Reduced travel time to drive growth
 
9 SPACE PROPULSION MARKET, BY SYSTEM COMPONENT (Page No. - 117)
    9.1 INTRODUCTION 
           FIGURE 35 SPACE PROPULSION MARKET, BY COMPONENT, 2023–2028
           TABLE 44 SPACE PROPULSION MARKET, BY COMPONENT, 2020−2022 (USD MILLION)
           TABLE 45 SPACE PROPULSION MARKET, BY COMPONENT, 2023−2028 (USD MILLION)
    9.2 THRUSTERS 
           TABLE 46 THRUSTERS: SPACE PROPULSION MARKET, BY TYPE, 2020–2022 (USD MILLION)
           TABLE 47 THRUSTERS: SPACE PROPULSION MARKET, BY TYPE, 2023–2028 (USD MILLION)
           9.2.1 CHEMICAL PROPULSION THRUSTERS
                    9.2.1.1 Large-scale integration in satellites to drive growth
                               TABLE 48 CHEMICAL PROPULSION THRUSTERS: SPACE PROPULSION MARKET, BY TYPE,  2020–2022 (USD MILLION)
                               TABLE 49 CHEMICAL PROPULSION THRUSTERS: SPACE PROPULSION MARKET, BY TYPE,  2023–2028 (USD MILLION)
                    9.2.1.2 Cold & warm gas thrusters
                    9.2.1.3 Monopropellant thrusters
                    9.2.1.4 Bipropellant thrusters
           9.2.2 ELECTRIC PROPULSION THRUSTERS
                    9.2.2.1 Prolonged operational life of satellites to drive growth
                    9.2.2.2 Gridded ion engine or ion thrusters
                    9.2.2.3 Hall-effect thrusters
                    9.2.2.4 Pulsed plasma thrusters
                    9.2.2.5 Magnetoplasmadynamic thrusters
    9.3 PROPELLANT FEED SYSTEMS 
           TABLE 50 PROPELLANT FEED SYSTEMS: SPACE PROPULSION MARKET, BY TYPE,  2020–2022 (USD MILLION)
           TABLE 51 PROPELLANT FEED SYSTEMS: SPACE PROPULSION MARKET, BY TYPE,  2023–2028 (USD MILLION)
           TABLE 52 PROPELLANT FEED SYSTEMS: SPACE PROPULSION MARKET, BY PLATFORM,  2020–2022 (USD MILLION)
           TABLE 53 PROPELLANT FEED SYSTEMS: SPACE PROPULSION MARKET, BY PLATFORM,  2023–2028 (USD MILLION)
           9.3.1 PROPELLANT TANKS
                    9.3.1.1 Need for steady fuel supply to drive growth
                               TABLE 54 PROPELLANT TANKS: SPACE PROPULSION MARKET, BY TYPE, 2020–2022 (USD MILLION)
                               TABLE 55 PROPELLANT TANKS: SPACE PROPULSION MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    9.3.1.2 Monopropellant tanks
                    9.3.1.3 Bipropellant tanks
                    9.3.1.4 Oxidizer tanks
           9.3.2 PRESSURE & FLOW REGULATORS
                    9.3.2.1 Ongoing development of lightweight high-flow regulators to drive growth
           9.3.3 VALVES
                    9.3.3.1 Improved design and features to drive growth
           9.3.4 TURBOPUMPS
                    9.3.4.1 Widespread use in flow rate and injection pressure management to drive growth
           9.3.5 COMBUSTION CHAMBERS
                    9.3.5.1 Additive manufacturing technologies and use of advanced materials to drive growth
    9.4 ROCKET MOTORS 
           9.4.1 SPIKE IN ROCKET LAUNCHES TO DRIVE GROWTH
    9.5 NOZZLES 
           9.5.1 ADVANCEMENTS IN MANUFACTURING TECHNIQUES TO DRIVE GROWTH
    9.6 PROPULSION THERMAL CONTROL 
           9.6.1 DEMAND FOR TEMPERATURE STABILITY IN SPACECRAFT TO DRIVE GROWTH
    9.7 POWER PROCESSING UNITS 
           9.7.1 NEED FOR RELIABLE POWER SUPPLY IN SPACE OPERATIONS TO DRIVE GROWTH
    9.8 OTHERS 
 
10 SPACE PROPULSION MARKET, BY ORBIT (Page No. - 129)
     10.1 INTRODUCTION 
             FIGURE 36 SPACE PROPULSION MARKET, BY ORBIT, 2023–2028
             TABLE 56 SPACE PROPULSION MARKET, BY ORBIT, 2020−2022 (USD MILLION)
             TABLE 57 SPACE PROPULSION MARKET, BY ORBIT, 2023−2028 (USD MILLION)
     10.2 LOW EARTH ORBIT (LEO) 
             10.2.1 RISE OF PRIVATE PLAYERS IN SPACE SECTOR TO DRIVE GROWTH
     10.3 MEDIUM EARTH ORBIT (MEO) 
             10.3.1 DEMAND FOR SATELLITE INTERNET AND COMMUNICATIONS TO DRIVE GROWTH
     10.4 GEOSYNCHRONOUS EARTH ORBIT (GEO) 
             10.4.1 NEED FOR PAYLOADS WITH LONG LIFE EXPECTANCY  TO DRIVE GROWTH
     10.5 BEYOND GEOSYNCHRONOUS ORBIT 
             10.5.1 NEW TECHNOLOGIES FOR DEEP-SPACE EXPLORATION TO DRIVE GROWTH
 
11 SPACE PROPULSION MARKET, BY END USER (Page No. - 134)
     11.1 INTRODUCTION 
             FIGURE 37 SPACE PROPULSION MARKET, BY END USER, 2023–2028
             TABLE 58 SPACE PROPULSION MARKET, BY END USER, 2020−2022 (USD MILLION)
             TABLE 59 SPACE PROPULSION MARKET, BY END USER, 2023−2028 (USD MILLION)
     11.2 COMMERCIAL 
             TABLE 60 COMMERCIAL: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
             TABLE 61 COMMERCIAL: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
             TABLE 62 FUNDING FOR SPACE LAUNCHES BY COMMERCIAL ORGANIZATIONS,  2019–2021 (USD MILLION)
             11.2.1 SATELLITE OPERATORS & OWNERS
                        11.2.1.1 Extensive use of satellites in commercial applications to drive growth
             11.2.2 SPACE LAUNCH SERVICE PROVIDERS
                        11.2.2.1 Emergence of private companies in launch services to drive growth
     11.3 GOVERNMENT & DEFENSE 
             TABLE 63 GOVERNMENT & DEFENSE: SPACE PROPULSION MARKET, BY END USER,  2020–2022 (USD MILLION)
             TABLE 64 GOVERNMENT & DEFENSE: SPACE PROPULSION MARKET, BY END USER,  2023–2028 (USD MILLION)
             TABLE 65 SPACE BUDGET OF NATIONAL SPACE AGENCIES (USD MILLION)
             TABLE 66 US NATIONAL SECURITY SPACE BUDGET, BY MILITARY SERVICE, 2020 (USD MILLION)
             11.3.1 DEPARTMENTS OF DEFENSE
                        11.3.1.1 Need for real-time data and imaging to drive growth
             11.3.2 NATIONAL SPACE AGENCIES
                        11.3.2.1 High demand for Earth observation and remote sensing to drive growth
             11.3.3 OTHERS
 
12 SPACE PROPULSION MARKET, BY SUPPORT SERVICE (Page No. - 141)
     12.1 INTRODUCTION 
     12.2 DESIGN, ENGINEERING, OPERATION, & MAINTENANCE 
     12.3 HOT FIRING & ENVIRONMENTAL TEST EXECUTION 
     12.4 FUELING & LAUNCH AND GROUND SUPPORT 
 
13 SPACE PROPULSION MARKET, BY REGION (Page No. - 143)
     13.1 INTRODUCTION 
             FIGURE 38 SPACE PROPULSION MARKET, BY REGION, 2023–2028
     13.2 REGIONAL RECESSION IMPACT ANALYSIS 
             FIGURE 39 REGIONAL RECESSION IMPACT ANALYSIS
             TABLE 67 SPACE PROPULSION MARKET, BY REGION, 2020–2022 (USD MILLION)
             TABLE 68 SPACE PROPULSION MARKET, BY REGION, 2023–2028 (USD MILLION)
     13.3 NORTH AMERICA 
             13.3.1 PESTLE ANALYSIS
                        FIGURE 40 NORTH AMERICA: SPACE PROPULSION MARKET SNAPSHOT
                        TABLE 69 NORTH AMERICA: SPACE PROPULSION MARKET, BY PLATFORM,  2020–2022 (USD MILLION)
                        TABLE 70 NORTH AMERICA: SPACE PROPULSION MARKET, BY PLATFORM,  2023–2028 (USD MILLION)
                        TABLE 71 NORTH AMERICA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2020–2022 (USD MILLION)
                        TABLE 72 NORTH AMERICA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2023–2028 (USD MILLION)
                        TABLE 73 NORTH AMERICA: SPACE PROPULSION MARKET, BY END USER,  2020–2022 (USD MILLION)
                        TABLE 74 NORTH AMERICA: SPACE PROPULSION MARKET, BY END USER,  2023–2028 (USD MILLION)
                        TABLE 75 NORTH AMERICA: SPACE PROPULSION MARKET, BY COUNTRY,  2020–2022 (USD MILLION)
                        TABLE 76 NORTH AMERICA: SPACE PROPULSION MARKET, BY COUNTRY,  2023–2028 (USD MILLION)
             13.3.2 US
                        13.3.2.1 Surge in scheduled space expedition programs to drive growth
                                     TABLE 77 US: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 78 US: SPACE PROPULSION MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                                     TABLE 79 US: SPACE PROPULSION MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)
                                     TABLE 80 US: SPACE PROPULSION MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION)
                                     TABLE 81 US: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                                     TABLE 82 US: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
             13.3.3 CANADA
                        13.3.3.1 Government initiatives to drive growth
                                     TABLE 83 CANADA: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 84 CANADA: SPACE PROPULSION MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                                     TABLE 85 CANADA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2020–2022 (USD MILLION)
                                     TABLE 86 CANADA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2023–2028 (USD MILLION)
                                     TABLE 87 CANADA: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                                     TABLE 88 CANADA: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
     13.4 EUROPE 
             13.4.1 PESTLE ANALYSIS
                        FIGURE 41 EUROPE: SPACE PROPULSION MARKET SNAPSHOT
                        TABLE 89 EUROPE: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                        TABLE 90 EUROPE: SPACE PROPULSION MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                        TABLE 91 EUROPE: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2020–2022 (USD MILLION)
                        TABLE 92 EUROPE: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2023–2028 (USD MILLION)
                        TABLE 93 EUROPE: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                        TABLE 94 EUROPE: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
                        TABLE 95 EUROPE: SPACE PROPULSION MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 96 EUROPE: SPACE PROPULSION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             13.4.2 RUSSIA
                        13.4.2.1 Increased space launch programs to drive growth
                                     TABLE 97 RUSSIA: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 98 RUSSIA: SPACE PROPULSION MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                                     TABLE 99 RUSSIA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2020–2022 (USD MILLION)
                                     TABLE 100 RUSSIA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2023–2028 (USD MILLION)
                                     TABLE 101 RUSSIA: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                                     TABLE 102 RUSSIA: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
             13.4.3 GERMANY
                        13.4.3.1 Emphasis on innovative space solutions to drive growth
                                     TABLE 103 GERMANY: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 104 GERMANY: SPACE PROPULSION MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                                     TABLE 105 GERMANY: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2020–2022 (USD MILLION)
                                     TABLE 106 GERMANY: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2023–2028 (USD MILLION)
                                     TABLE 107 GERMANY: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                                     TABLE 108 GERMANY: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
             13.4.4 FRANCE
                        13.4.4.1 Growing partnerships between national space agencies to drive growth
                                     TABLE 109 FRANCE: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 110 FRANCE: SPACE PROPULSION MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                                     TABLE 111 FRANCE: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2020–2022 (USD MILLION)
                                     TABLE 112 FRANCE: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2023–2028 (USD MILLION)
                                     TABLE 113 FRANCE: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                                     TABLE 114 FRANCE: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
             13.4.5 UK
                        13.4.5.1 Combined public and private sector efforts in space exploration to drive growth
                                     TABLE 115 UK: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 116 UK: SPACE PROPULSION MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                                     TABLE 117 UK: SPACE PROPULSION MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)
                                     TABLE 118 UK: SPACE PROPULSION MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION)
                                     TABLE 119 UK: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                                     TABLE 120 UK: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
             13.4.6 ITALY
                        13.4.6.1 Active domestic participation in space operations to drive growth
                                     TABLE 121 ITALY: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 122 ITALY: SPACE PROPULSION MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                                     TABLE 123 ITALY: SPACE PROPULSION MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)
                                     TABLE 124 ITALY: SPACE PROPULSION MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION)
                                     TABLE 125 ITALY: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                                     TABLE 126 ITALY: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
     13.5 ASIA PACIFIC 
             13.5.1 PESTLE ANALYSIS
                        FIGURE 42 ASIA PACIFIC: SPACE PROPULSION MARKET SNAPSHOT
                        TABLE 127 ASIA PACIFIC: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                        TABLE 128 ASIA PACIFIC: SPACE PROPULSION MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                        TABLE 129 ASIA PACIFIC: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2020–2022 (USD MILLION)
                        TABLE 130 ASIA PACIFIC: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2023–2028 (USD MILLION)
                        TABLE 131 ASIA PACIFIC: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                        TABLE 132 ASIA PACIFIC: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
                        TABLE 133 ASIA PACIFIC: SPACE PROPULSION MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 134 ASIA PACIFIC: SPACE PROPULSION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             13.5.2 CHINA
                        13.5.2.1 Surge in satellite launches to drive growth
                                     TABLE 135 CHINA: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 136 CHINA: SPACE PROPULSION MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                                     TABLE 137 CHINA: SPACE PROPULSION MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)
                                     TABLE 138 CHINA: SPACE PROPULSION MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION)
                                     TABLE 139 CHINA: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                                     TABLE 140 CHINA: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
             13.5.3 INDIA
                        13.5.3.1 Rising demand for satellites for Earth observation and navigation to drive growth
                                     TABLE 141 INDIA: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 142 INDIA: SPACE PROPULSION MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                                     TABLE 143 INDIA: SPACE PROPULSION MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)
                                     TABLE 144 INDIA: SPACE PROPULSION MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION)
                                     TABLE 145 INDIA: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                                     TABLE 146 INDIA: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
             13.5.4 JAPAN
                        13.5.4.1 Involvement of private companies in government space programs to drive growth
                                     TABLE 147 JAPAN: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 148 JAPAN: SPACE PROPULSION MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                                     TABLE 149 JAPAN: SPACE PROPULSION MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)
                                     TABLE 150 JAPAN: SPACE PROPULSION MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION)
                                     TABLE 151 JAPAN: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                                     TABLE 152 JAPAN: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
             13.5.5 SOUTH KOREA
                        13.5.5.1 Increased government funding in space industry to drive growth
                                     TABLE 153 SOUTH KOREA: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 154 SOUTH KOREA: SPACE PROPULSION MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                                     TABLE 155 SOUTH KOREA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2020–2022 (USD MILLION)
                                     TABLE 156 SOUTH KOREA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2023–2028 (USD MILLION)
                                     TABLE 157 SOUTH KOREA: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                                     TABLE 158 SOUTH KOREA: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
             13.5.6 AUSTRALIA
                        13.5.6.1 Government measures for development of space industry to drive growth
                                     TABLE 159 AUSTRALIA: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 160 AUSTRALIA: SPACE PROPULSION MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                                     TABLE 161 AUSTRALIA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2020–2022 (USD MILLION)
                                     TABLE 162 AUSTRALIA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2023–2028 (USD MILLION)
                                     TABLE 163 AUSTRALIA: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                                     TABLE 164 AUSTRALIA: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
     13.6 MIDDLE EAST & AFRICA 
             13.6.1 PESTLE ANALYSIS
                        TABLE 165 MIDDLE EAST & AFRICA: SPACE PROPULSION MARKET, BY PLATFORM,  2020–2022 (USD MILLION)
                        TABLE 166 MIDDLE EAST & AFRICA: SPACE PROPULSION MARKET, BY PLATFORM,  2023–2028 (USD MILLION)
                        TABLE 167 MIDDLE EAST & AFRICA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2020–2022 (USD MILLION)
                        TABLE 168 MIDDLE EAST & AFRICA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2023–2028 (USD MILLION)
                        TABLE 169 MIDDLE EAST & AFRICA: SPACE PROPULSION MARKET, BY END USER,  2020–2022 (USD MILLION)
                        TABLE 170 MIDDLE EAST & AFRICA: SPACE PROPULSION MARKET, BY END USER,  2023–2028 (USD MILLION)
                        TABLE 171 MIDDLE EAST & AFRICA: SPACE PROPULSION MARKET, BY COUNTRY,  2020–2022 (USD MILLION)
                        TABLE 172 MIDDLE EAST & AFRICA: SPACE PROPULSION MARKET, BY COUNTRY,  2023–2028 (USD MILLION)
             13.6.2 SAUDI ARABIA
                        13.6.2.1 Technological advancements in space systems to drive growth
                                     TABLE 173 SAUDI ARABIA: SPACE PROPULSION MARKET, BY PLATFORM,  2020–2022 (USD MILLION)
                                     TABLE 174 SAUDI ARABIA: SPACE PROPULSION MARKET, BY PLATFORM,  2023–2028 (USD MILLION)
                                     TABLE 175 SAUDI ARABIA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2020–2022 (USD MILLION)
                                     TABLE 176 SAUDI ARABIA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2023–2028 (USD MILLION)
                                     TABLE 177 SAUDI ARABIA: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                                     TABLE 178 SAUDI ARABIA: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
             13.6.3 ISRAEL
                        13.6.3.1 Emphasis on space programs to drive growth
                                     TABLE 179 ISRAEL: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 180 ISRAEL: SPACE PROPULSION MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                                     TABLE 181 ISRAEL: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2020–2022 (USD MILLION)
                                     TABLE 182 ISRAEL: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2023–2028 (USD MILLION)
                                     TABLE 183 ISRAEL: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                                     TABLE 184 ISRAEL: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
             13.6.4 IRAN
                        13.6.4.1 Sustained attempts in space launches to drive growth
                                     TABLE 185 IRAN: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 186 IRAN: SPACE PROPULSION MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                                     TABLE 187 IRAN: SPACE PROPULSION MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)
                                     TABLE 188 IRAN: SPACE PROPULSION MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION)
                                     TABLE 189 IRAN: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                                     TABLE 190 IRAN: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
             13.6.5 SOUTH AFRICA
                        13.6.5.1 Launch of advanced thruster systems to drive growth
                                     TABLE 191 SOUTH AFRICA: SPACE PROPULSION MARKET, BY PLATFORM,  2020–2022 (USD MILLION)
                                     TABLE 192 SOUTH AFRICA: SPACE PROPULSION MARKET, BY PLATFORM,  2023–2028 (USD MILLION)
                                     TABLE 193 SOUTH AFRICA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2020–2022 (USD MILLION)
                                     TABLE 194 SOUTH AFRICA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2023–2028 (USD MILLION)
                                     TABLE 195 SOUTH AFRICA: SPACE PROPULSION MARKET, BY END USER, 2020–2022 (USD MILLION)
                                     TABLE 196 SOUTH AFRICA: SPACE PROPULSION MARKET, BY END USER, 2023–2028 (USD MILLION)
     13.7 LATIN AMERICA 
             13.7.1 PESTLE ANALYSIS
                        TABLE 197 LATIN AMERICA: SPACE PROPULSION MARKET, BY PLATFORM,  2020–2022 (USD MILLION)
                        TABLE 198 LATIN AMERICA: SPACE PROPULSION MARKET, BY PLATFORM,  2023–2028 (USD MILLION)
                        TABLE 199 LATIN AMERICA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2020–2022 (USD MILLION)
                        TABLE 200 LATIN AMERICA: SPACE PROPULSION MARKET, BY PROPULSION TYPE,  2023–2028 (USD MILLION)
                        TABLE 201 LATIN AMERICA: SPACE PROPULSION MARKET, BY END USER,  2020–2022 (USD MILLION)
                        TABLE 202 LATIN AMERICA: SPACE PROPULSION MARKET, BY END USER,  2023–2028 (USD MILLION)
 
14 COMPETITIVE LANDSCAPE (Page No. - 196)
     14.1 INTRODUCTION 
     14.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 203 STRATEGIES ADOPTED BY KEY PLAYERS IN SPACE PROPULSION MARKET
     14.3 MARKET SHARE ANALYSIS, 2022 
             FIGURE 43 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022
             FIGURE 44 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2028
             TABLE 204 SPACE PROPULSION MARKET: DEGREE OF COMPETITION, 2022
     14.4 REVENUE ANALYSIS, 2019–2022 
             FIGURE 45 REVENUE ANALYSIS OF KEY PLAYERS, 2019–2022
     14.5 COMPANY FOOTPRINT 
             TABLE 205 COMPANY FOOTPRINT
             TABLE 206 REGION FOOTPRINT
             TABLE 207 SYSTEM COMPONENT FOOTPRINT
             TABLE 208 END USER FOOTPRINT
     14.6 COMPANY EVALUATION MATRIX 
             14.6.1 STARS
             14.6.2 EMERGING LEADERS
             14.6.3 PERVASIVE PLAYERS
             14.6.4 PARTICIPANTS
                        FIGURE 46 COMPANY EVALUATION MATRIX, 2022
     14.7 START-UP/SME EVALUATION MATRIX 
             14.7.1 PROGRESSIVE COMPANIES
             14.7.2 RESPONSIVE COMPANIES
             14.7.3 DYNAMIC COMPANIES
             14.7.4 STARTING BLOCKS
                        FIGURE 47 START-UP/SME EVALUATION MATRIX, 2022
     14.8 COMPETITIVE SCENARIO 
             14.8.1 MARKET EVALUATION FRAMEWORK
             14.8.2 PRODUCT LAUNCHES
                        TABLE 209 SPACE PROPULSION MARKET: PRODUCT LAUNCHES, 2019–2023
             14.8.3 DEALS
                        TABLE 210 SPACE PROPULSION MARKET: DEALS, 2019–2023
             14.8.4 EXPANSIONS
                        TABLE 211 SPACE PROPULSION MARKET: EXPANSIONS, 2019–2023
 
15 COMPANY PROFILES (Page No. - 223)
     15.1 KEY PLAYERS 
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*  
             15.1.1 SAFRAN SA
                        TABLE 212 SAFRAN SA: COMPANY OVERVIEW
                        FIGURE 48 SAFRAN SA: COMPANY SNAPSHOT
                        TABLE 213 SAFRAN SA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 214 SAFRAN SA: DEALS
             15.1.2 IHI CORPORATION
                        TABLE 215 IHI CORPORATION: COMPANY OVERVIEW
                        FIGURE 49 IHI CORPORATION: COMPANY SNAPSHOT
                        TABLE 216 IHI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 217 IHI CORPORATION: DEALS
             15.1.3 SPACE EXPLORATION TECHNOLOGIES CORP.
                        TABLE 218 SPACE EXPLORATION TECHNOLOGIES CORP.: COMPANY OVERVIEW
                        TABLE 219 SPACE EXPLORATION TECHNOLOGIES CORP.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
                        TABLE 220 SPACE EXPLORATION TECHNOLOGIES CORP.: DEALS
                        TABLE 221 SPACE EXPLORATION TECHNOLOGIES CORP: EXPANSIONS
             15.1.4 NORTHROP GRUMMAN CORPORATION
                        TABLE 222 NORTHROP GRUMMAN CORPORATION: COMPANY OVERVIEW
                        FIGURE 50 NORTHROP GRUMMAN CORPORATION: COMPANY SNAPSHOT
                        TABLE 223 NORTHROP GRUMMAN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 224 NORTHROP GRUMMAN CORPORATION: PRODUCT LAUNCHES
                        TABLE 225 NORTHROP GRUMMAN CORPORATION: DEALS
             15.1.5 L3HARRIS TECHNOLOGIES, INC.
                        TABLE 226 L3HARRIS TECHNOLOGIES, INC.: COMPANY OVERVIEW
                        FIGURE 51 L3HARRIS TECHNOLOGIES, INC.: COMPANY SNAPSHOT
                        TABLE 227 L3HARRIS TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 228 L3HARRIS TECHNOLOGIES, INC.: DEALS
             15.1.6 AEROJET ROCKETDYNE HOLDINGS, INC.
                        TABLE 229 AEROJET ROCKETDYNE HOLDINGS, INC.: COMPANY OVERVIEW
                        FIGURE 52 AEROJET ROCKETDYNE HOLDINGS, INC.: COMPANY SNAPSHOT
                        TABLE 230 AEROJET ROCKETDYNE HOLDINGS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 231 AEROJET ROCKETDYNE HOLDINGS, INC.: PRODUCT LAUNCHES
                        TABLE 232 AEROJET ROCKETDYNE HOLDINGS, INC.: DEALS
                        TABLE 233 AEROJET ROCKETDYNE HOLDINGS, INC.: EXPANSIONS
             15.1.7 MOOG, INC.
                        TABLE 234 MOOG, INC.: COMPANY OVERVIEW
                        FIGURE 53 MOOG, INC.: COMPANY SNAPSHOT
                        TABLE 235 MOOG, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 236 MOOG, INC.: DEALS
             15.1.8 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.
                        TABLE 237 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: COMPANY OVERVIEW
                        TABLE 238 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             15.1.9 OHB SE
                        TABLE 239 OHB SE: COMPANY OVERVIEW
                        FIGURE 54 OHB SE: COMPANY SNAPSHOT
                        TABLE 240 OHB SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 241 OHB SE: PRODUCT LAUNCHES
                        TABLE 242 OHB SE: DEALS
             15.1.10 LOCKHEED MARTIN CORPORATION
                        TABLE 243 LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW
                        FIGURE 55 LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
                        TABLE 244 LOCKHEED MARTIN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 245 LOCKHEED MARTIN CORPORATION: PRODUCT LAUNCHES
                        TABLE 246 LOCKHEED MARTIN CORPORATION: DEALS
             15.1.11 NPO ENERGOMASH
                        TABLE 247 NPO ENERGOMASH: COMPANY OVERVIEW
                        TABLE 248 NPO ENERGOMASH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 249 NPO ENERGOMASH: PRODUCT LAUNCHES
                        TABLE 250 NPO ENERGOMASH: DEALS
             15.1.12 SIERRA NEVADA CORPORATION
                        TABLE 251 SIERRA NEVADA CORPORATION: COMPANY OVERVIEW
                        TABLE 252 SIERRA NEVADA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 253 SIERRA NEVADA CORPORATION: PRODUCT LAUNCHES
                        TABLE 254 SIERRA NEVADA CORPORATION: DEALS
             15.1.13 THALES GROUP
                        TABLE 255 THALES GROUP: COMPANY OVERVIEW
                        FIGURE 56 THALES GROUP: COMPANY SNAPSHOT
                        TABLE 256 THALES GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 257 THALES GROUP: PRODUCT LAUNCHES
                        TABLE 258 THALES GROUP: DEALS
             15.1.14 EATON (COBHAM MISSION SYSTEMS)
                        TABLE 259 EATON (COBHAM MISSION SYSTEMS): COMPANY OVERVIEW
                        FIGURE 57 EATON (COBHAM MISSION SYSTEMS): COMPANY SNAPSHOT
                        TABLE 260 EATON (COBHAM MISSION SYSTEMS): PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 261 EATON (COBHAM MISSION SYSTEMS): PRODUCT LAUNCHES
                        TABLE 262 EATON (COBHAM MISSION SYSTEMS): DEALS
             15.1.15 VACCO INDUSTRIES
                        TABLE 263 VACCO INDUSTRIES: COMPANY OVERVIEW
                        TABLE 264 VACCO INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 265 VACCO INDUSTRIES: DEALS
             15.1.16 ARIANEGROUP GMBH
                        TABLE 266 ARIANEGROUP: COMPANY OVERVIEW
                        TABLE 267 ARIANEGROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 268 ARIANEGROUP: DEALS
             15.1.17 AIRBUS SE
                        TABLE 269 AIRBUS SE: COMPANY OVERVIEW
                        FIGURE 58 AIRBUS SE: COMPANY SNAPSHOT
                        TABLE 270 AIRBUS SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 271 AIRBUS SE: DEALS
             15.1.18 BLUE ORIGIN
                        TABLE 272 BLUE ORIGIN: COMPANY OVERVIEW
                        TABLE 273 BLUE ORIGIN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 274 BLUE ORIGIN: DEALS
                        TABLE 275 BLUE ORIGIN: EXPANSIONS
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.  
     15.2 OTHER PLAYERS 
             15.2.1 THRUSTME
                        TABLE 276 THRUSTME: COMPANY OVERVIEW
             15.2.2 URSA MAJOR TECHNOLOGIES
                        TABLE 277 URSA MAJOR TECHNOLOGIES: COMPANY OVERVIEW
             15.2.3 PHASE FOUR
                        TABLE 278 PHASE FOUR: COMPANY OVERVIEW
             15.2.4 EXOTRAIL
                        TABLE 279 EXOTRAIL: COMPANY OVERVIEW
             15.2.5 NUSPACE PTE. LTD.
                        TABLE 280 NUSPACE PTE. LTD.: COMPANY OVERVIEW
             15.2.6 DAWN AEROSPACE
                        TABLE 281 DAWN AEROSPACE: COMPANY OVERVIEW
             15.2.7 AST ADVANCED SPACE TECHNOLOGIES GMBH
                        TABLE 282 AST ADVANCED SPACE TECHNOLOGIES GMBH: COMPANY OVERVIEW
             15.2.8 STANFORD MU CORPORATION
                        TABLE 283 STANFORD MU CORPORATION: COMPANY OVERVIEW
             15.2.9 MANASTU SPACE
                        TABLE 284 MANASTU SPACE: COMPANY OVERVIEW
             15.2.10 VIRGIN ORBIT
                        TABLE 285 VIRGIN ORBIT: COMPANY OVERVIEW
 
16 APPENDIX (Page No. - 293)
     16.1 DISCUSSION GUIDE 
     16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     16.3 CUSTOMIZATION OPTIONS 
     16.4 RELATED REPORTS 
     16.5 AUTHOR DETAILS 
 

 

The research study conducted on the space propulsion market involved extensive use of secondary sources, including directories, databases of articles, journals on space propulsion, company newsletters, and information portals such as Hoover’s, Bloomberg, and Factiva to identify and collect information useful for this extensive, technical, market-oriented study of the Space Propulsion market. Primary sources include industry experts from the core and related industries, alliances, organizations, Original Equipment Manufacturers (OEMs), vendors, suppliers, and technology developers. These sources relate to all segments of the value chain of the space propulsion market.

In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among others, to obtain and verify critical qualitative and quantitative information and assess future market prospects.

Secondary Research

In the secondary research process, various secondary sources were referred to identify and collect information for this study on the space propulsion market. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers and certified publications; articles from recognized authors; manufacturer's associations; directories; and databases. Secondary research was mainly used to obtain critical information about the supply chain of the space propulsion industry, the monetary chain of the market, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

Extensive primary research was conducted to obtain qualitative and quantitative information for this report on the space propulsion market. Several primary interviews were conducted with the demand- and supply-side market experts across major regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Primary sources from the supply-side included industry experts such as business development managers, sales heads, technology and innovation directors, and related key executives from various companies and organizations operating in the Space Propulsion market.

Space Propulsion Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Extensive research into space propulsion sources and the concurrent advances in the space industry in terms of satellites, propulsion systems, reusable launch vehicles, payloads, and other spacecraft systems. The pace of technological upgrades will continue to accelerate, and the number of new commercial space technology firms will continue to grow in the upcoming 3-5 year timeframe due to the growing government and commercial demand for propulsion technologies, new, low-cost, rapid methods of developing and testing evolving technologies, and the persisting accessibility of investment capital, from both, the private and government sectors.

The top-down and bottom-up approaches were used to estimate and validate the size of the space propulsion market. The figure below represents the overall market size estimation process employed for this study.

The research methodology used to estimate the market size includes the following details.

  • Key players in the industry and markets were identified through secondary research, and their market share was determined through primary and secondary research. This included an extensive study of annual and financial reports of top market players and interviews with CEOs, directors, and marketing executives.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.

The research methodology used to estimate the market size also included the following details:

  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
  • Market growth trends were defined based on approaches such as the product revenues of the significant 10-15 companies from 2019 to 2022, space budgets, exports/imports of space propulsion systems and components by different countries from 2019 to 2022, historic procurement patterns between 2019 to 2022, among others.

Market size estimation methodology: Bottom-Up Approach

Space Propulsion Market Size, and Bottom-Up Approach

Market size estimation methodology: Top-Down Approach

Space Propulsion Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall size of the space propulsion market from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented to complete the overall market engineering process and arrive at the estimated sizes of different market segments and subsegments, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size was validated using both the top-down and bottom-up approaches.

Space Propulsion Market Size, and Data Triangulation

Market Definition

Propulsion (space) is the thrust required in spacecraft, launch vehicles, capsules/cargos, and rovers/spacecraft landers for orbit insertion, station keeping, lifting of launch vehicles into space, and attitude control, among others.

It involves the use of chemical technologies such as solid, liquid, hybrid, and cold gas propulsion, as well as non-chemical technologies such as electric, solar, nuclear, and laser propulsion.

Key Stakeholders

  • Propulsion System Manufacturers
  • Raw Material Providers
  • Component Providers
  • National Space Agencies
  • Original Equipment Manufacturers (OEMs)
  • Regulatory Bodies
  • Departments of Defense
  • Space Propulsion Service Providers

Report Objectives

  • To define, describe, and forecast the size of the space propulsion market based on propulsion type, system component, platform, orbit, end user, support service, and region
  • To forecast the size of market segments across five regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America, along with their major
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the market
  • To identify industry trends, market trends, and technology trends currently prevailing in the market
  • To analyze the impact of the recession on the market and its stakeholders
  • To analyze micromarkets1 with respect to individual technological trends, prospects, and their contribution to the overall market
  • To analyze the degree of competition in the market by identifying key players
  • To analyze the competitive growth strategies, such as new product launches, acquisitions, expansions, partnerships, and agreements, of key players in the market
  • To strategically profile key players in the space propulsion market and comprehensively analyze their market share and core competencies2

1. Micromarkets are defined as the further segments and subsegments of the space propulsion market.

2. Core competencies of companies were captured in terms of their key developments and strategies adopted by them to sustain their position in the market.

Available customizations

Along with the market data, MarketsandMarkets offers customizations per the specific needs of companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the market segments at country-level

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
Jul, 2023
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