Space Propulsion Market

Space Propulsion Market by Type (Chemical Propulsion, Non-chemical Propulsion), System Component (Thrusters, Propellant Feed System, Nozzle), Platform (Satellite, Launch Vehicle), Orbit, End User, Orbit, Support Service, Region - Global Forecast to 2025

Report Code: AS 7754 Oct, 2020, by marketsandmarkets.com

[263 Pages Report] The global space propulsion market is projected to grow from USD 6.7 billion in 2020 to USD 14.2 billion by 2025, at a CAGR of 16.2% from 2020 to 2025. The market is driven by various factors, such as an increase in the number of space exploration missions, demand for LEO-based services, and increasing demand for advanced electric propulsion systems.

Space Propulsion Market

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COVID-19 Impact on Global Space Propulsion Market

Some of the major players in the space propulsion market include Safran S.A. (France), Aerojet Rocketdyne Holdings, Inc. (US), SpaceX (US), IHI Corporation (Japan), and Northrop Grumman Corporation (US). These players have their business spread across various countries in regions such as North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

The space propulsion market faced a slight decline from 2018 to 2019 due to a decrease in the number of space launches. COVID-19 has also affected the import and export trading activities in the space industry. However, the expected rise in space launches from 2021 and beyond will drive the space propulsion market.

The rapid spread of COVID-19 in Europe, the US & Asia Pacific has led to a significant drop in demand for space propulsion system globally, with a corresponding reduction in revenues for various suppliers and service providers across all markets owing to late delivery, manufacturing shutdown, the limited staff at manufacturing facilities, and limited availability of equipment. As per industry experts, the global space propulsion demand is anticipated to recover by 2022.

Space Propulsion Market Dynamics

Driver: Increase in the number of space exploration missions

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. Global government investments in space exploration totaled USD 14.6 billion in 2017, a 6% increase from 2016. Moon and Mars explorations are expected to account for most of the space missions to be launched by 2027, with lunar exploration becoming the focus of private and public stakeholders. A total of 18 missions are anticipated to be launched for other deep space exploration, while the remaining missions will be dedicated to Mars exploration.

Space explorations provide tangible and intangible benefits for humanity for the long term. Research and exploration of the low Earth orbit help in providing solutions for numerous global services, such as communication, global positioning, oceanography, surveillance, and astronomy.

Thus, global expenditures have grown in the past five years, driven by programs in leading countries and new countries investing in space exploration. The development of high-tech propulsion systems is enabling increased space expeditions. Technological breakthroughs and insights from past space missions have inspired new players to invest in this niche market due to the significant opportunities.

Restraint: Government 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.

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

Opportunity: Increased government investments in space technology

The US government invests in every part of the smallsat ecosystem and is likely to continue investing in upstream and downstream. For many countries, a government investment, generally in R&D and start-ups, is seen not only as a way to address societal challenges but also to facilitate independence from imports, eventually to become a global provider of solutions in multiple sectors, including space. Many governments also recognize that they do not have a well-developed venture sector like the one in the US, and hence they provide venture capital (VC) funds. Recently, Japan initiated a cabinet-level ImPACT (Impulsing Paradigm Change through Disruptive Technologies) program, which can potentially advance space start-ups.

European Space Agency (ESA) announced a nearly USD 33 million investment in Hall Effect Thruster (HET) propulsion technology and other business incubators. China also dedicated USD 339 billion for start-ups in the country (not all of which would focus on space), which is a sign that governments compensate for the lack of private funding. The Canadian government’s Industrial Technologies office plans to provide Canada-based UrtheCast with USD 13 million to support the ongoing development of its X- and L-band synthetic aperture radar (SAR) constellation on a smallsat platform. Thus, increased government investments will offer growth opportunities for the space propulsion market.

Challenge: Emissions due to space missions

Space launches can produce a hefty carbon footprint due to the burning of solid rocket fuels. Every time a rocket is launched, it produces a plume of exhausts in its wake that leaves a mark on the environment. These exhausts are filled with materials that can collect in the air over time, potentially altering the atmosphere in dangerous ways. Small pieces of soot and a chemical called alumina are created in the wakes of rocket launches. These materials may build up in the stratosphere over time, slowly leading to the depletion of a layer of oxygen known as the ozone. With a significant increase in the number of space missions, the emission scale of harmful gases is also expected to increase.

Space Propulsion Market Ecosystem

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The propellant feed systems segment is estimated to account for the second-largest market share in 2020

By system component, the propellant feed systems segment is estimated to account for the second-largest revenue market share in 2020. The growth of this segment can be attributed to the need for proper flow of propellant delivered from the tanks to the thrust chamber, where thrusters maneuver and orbit control the satellites. Propellant feed systems consist of propellant tanks, 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.

The government & defense segment is estimated to account for a larger market share in 2020

By end user, the government & defense segment is estimated to account for a larger market share, by value, than the commercial segment in 2020. The growth of this segment can be attributed to increasing space exploration missions and rising space budgets. Defense organizations support various types of satellites, such as remote sensing satellites, communication satellites, and surveillance satellites, for military operations and cyber operations. Support operations usually involve the launch of satellites with high-value payloads in space through Expendable Launch Vehicles (ELVs). They also ensure monitoring by facilitating the friendly use of space for various operations, such as surveillance, protection, and space intelligence analysis. For instance, the US Air Force regularly launches GPS and missile-defense tracking satellites and operates two classified X-37B robotic space planes.

The non-chemical propulsion segment is projected to witness a higher CAGR during the forecast period

Based on the propulsion type, the non-chemical segment of the space propulsion market is projected to register a higher CAGR than the chemical segment during the forecast period. The growth of the non-chemical propulsion segment can be attributed to the demand for velocity increments in modern propulsion systems. The non-chemical propulsion system’s efficient use of fuel and electrical power enables modern spacecraft to travel farther, faster, and cheaper than any other propulsion technology currently available. Chemical propulsion systems have demonstrated fuel efficiencies up to 35 percent, but ion thrusters have demonstrated fuel efficiencies over 90%.

The North America market is projected to witness the highest CAGR from 2020 to 2025

By region, the North America space propulsion market is projected to witness the highest CAGR during the forecast period. The growing demand for commercial communication and imaging satellites, increasing deployment of small satellites, rising space exploration missions for interplanetary observations, and demand for resupply missions for International Space Station (ISS) are key factors expected to drive the market in North America. Overall, technological breakthroughs and resourceful insights obtained from past space missions have inspired new players to invest in this niche market.

Safran S.A. (France), Aerojet Rocketdyne Holdings, Inc. (US), SpaceX (US), IHI Corporation (Japan), and Northrop Grumman Corporation (US) are some of the leading players operating in the space propulsion market report.

Space Propulsion Market by Region

The space propulsion market is dominated by a few globally established players, such as Safran S.A. (France), Aerojet Rocketdyne Holdings, Inc. (US), SpaceX (US), IHI Corporation (Japan), and Northrop Grumman Corporation (US).

Scope of The Report

Report Metric

Details

Market size available for years

2018–2025

Base year considered

2019

Forecast period

2020-2025

Forecast units

Value (USD Million)

Segments covered

By Platform
By Propulsion type
By System Component
By End User
By Support Service
By Orbit

Geographies covered

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

Companies covered

Safran S.A. (France), Aerojet Rocketdyne Holdings, Inc. (US), SpaceX (US), IHI Corporation (Japan), and Northrop Grumman Corporation (US)

The study categorizes the space propulsion market based on platform, propulsion type, system component, end user, orbit, support services, and region.

By Platform

  • Satellites
    • CubeSats
    • Small Satellites
      • Nanosatellites
      • Microsatellites
      • Minisatellites
    • Medium Satellites (500-2,500 KG)
    • Large Satellites (>2,500kg)
  • Capsules\Cargos
    • Crewed Spacecraft or Human Space flight
    • Uncrewed or Unmanned Spacecraft
  • Interplanetary Spacecraft & Probes
  • Rovers/Spacecraft Landers
  • Launch Vehicles
    • Small Launch Vehicles (<350,000 Kg)
    • Medium to Heavy Launch Vehicles (>350,000 KG)
    • Reusable Launch Vehicles

By System Component

  • Thrusters
    • Chemical Propulsion Thrusters
      • Cold & Warm Gas Thrusters
      • Monopropellant Thrusters
      • Bipropellant Thrusters
    • Electric Propulsion Thrusters
      • Gridded Ion Engine (GIE) or Ion Thruster
      • Hall Effect Thruster (HET)
      • High-Efficiency Multi-Stage Plasma Thruster (HEMP-T)
      • Pulsed Plasma Thruster (PPT)
      • Quad Confinement Thruster (QCT)
      • Magneto Plasma Dynamic (MPD) Thruster
      • Others
    • Propellant Feed Systems
      • Propellant Tanks
        • Monopropellant Tanks
        • Bipropellant Tanks
      • Regulators
      • Valves
      • Turbopumps
      • Combustion Chambers
    • Rocket Motors
    • Nozzles
    • Propulsion Thermal Control
    • Power Processing Units
    • Others

By Propulsion Type

  • Chemical Propulsion
    • Solid
    • Liquid
    • Hybrid
    • Green
  • Non-chemical Propulsion
    • Electric Propulsion
      • Xenon
      • Argon
      • Krypton
      • Hydrogen
      • Others
    • Solar Propulsion
      • Solar Sail Propulsion
      • Solar Electric Propulsion (SEP)
      • Solar Thermal Propulsion
    • Tether Propulsion
    • Nuclear propulsion
    • Laser Propulsion

By End User

  • Commercial
    • Satellite Operators/Owners
    • Space Launch Service Providers
  • Government & Defense
    • Departments of Defense
    • National Space Agencies
    • Others

By Support Service

  • Design, Engineering, & Operation
  • Hot Firing & Environmental Test Execution
  • Fueling & Launch Support

By Orbit

  • Low Earth orbit (LEO)
  • Medium Earth orbit (MEO)
  • Geostationary Earth Orbit (GEO)
  • Beyond Geosynchronous Orbit

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Recent Developments

  • In June 2020, Cobham Mission Systems announced to the space satellite industry that it has successfully completed qualification testing of its lightweight, high-flow electric propulsion Xenon regulator.
  • In May 2020, the dual chemical and electric propulsion systems for NASA’s Double Asteroid Redirection Test (DART) were delivered by Aerojet Rocketdyne to the Johns Hopkins Applied Physics Laboratory (APL).
  • In April 2020, Sierra Nevada Corporation, a global aerospace & national security leader, reached a major milestone in the advancement of hypersonic propulsion with its patented VORTEX engine, advancing to the next phase of the Defense Advanced Research Projects Agency’s (DARPA) Operational Fires (OpFires) program.
  • In November 2018, Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), launched the first Xenon Propulsion System (XPS) module for satellites. Electric propulsion systems convert energy collected from the sun into thrust by accelerating inert Xenon gas ions. They are significantly more efficient than chemical systems, requiring just one-fifth of the propellant to carry out the same mission.
  • In November 2018, Bradford Space introduced a line of ‘green’ non-toxic ECAPS propulsion for the US Department of Defense (DoD).

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 33)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                 FIGURE 1 SPACE PROPULSION MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY & PRICING
    1.5 USD EXCHANGE RATES
    1.6 LIMITATIONS
    1.7 MARKET STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 38)
    2.1 RESEARCH DATA
        FIGURE 2 REPORT PROCESS FLOW
        FIGURE 3 SPACE PROPULSION MARKET: 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 Breakdown of primaries
                            FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
                            TABLE 1 PRIMARY DETAILS
    2.2 MARKET DEFINITION & SCOPE
           2.2.1 SEGMENT DEFINITIONS
                    2.2.1.1 Space propulsion market, by propulsion type
                    2.2.1.2 Space propulsion market, by system component
                    2.2.1.3 Space propulsion market, by platform
                    2.2.1.4 Space propulsion market, by end user
                    2.2.1.5 Space propulsion market, by orbit
                    2.2.1.6 Space propulsion market, by support service
    2.3 MARKET SIZE ESTIMATION & METHODOLOGY
           2.3.1 BOTTOM-UP APPROACH
                 FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                    2.3.1.1 COVID-19 impact on the market analysis
           2.3.2 TOP-DOWN APPROACH
                 FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 DATA TRIANGULATION
        FIGURE 7 DATA TRIANGULATION
    2.5 MARKET SIZING & FORECASTING
    2.6 ASSUMPTIONS & ASSOCIATED RISKS
    2.7 RISKS
    2.8 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 50)
  FIGURE 8 BY SYSTEM COMPONENT, THRUSTERS SEGMENT EXPECTED TO LEAD SPACE PROPULSION MARKET FROM 2020 TO 2025
  FIGURE 9 BY PROPULSION TYPE, NON-CHEMICAL PROPULSION SEGMENT PROJECTED TO LEAD SPACE PROPULSION MARKET FROM 2020 TO 2025
  FIGURE 10 BY PLATFORM, SATELLITES SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  FIGURE 11 BY END USER, GOVERNMENT & DEFENSE SEGMENT PROJECTED TO LEAD SPACE PROPULSION MARKET FROM 2020 TO 2025

4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 ATTRACTIVE OPPORTUNITIES IN SPACE PROPULSION MARKET
        FIGURE 12 INCREASED SPACE EXPLORATION MISSIONS EXPECTED TO DRIVE THE MARKET
    4.2 PLATFORM, BY TYPE
        FIGURE 13 REUSABLE LAUNCH VEHICLES SEGMENT EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.3 SPACE PROPULSION MARKET, BY ORBIT
        FIGURE 14 LOW EARTH ORBIT (LEO) SEGMENT EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.4 SPACE PROPULSION MARKET, BY SUPPORT SERVICE
        FIGURE 15 DESIGN, ENGINEERING, & OPERATION SEGMENT EXPECTED TO LEAD SPACE PROPULSION MARKET DURING FORECAST PERIOD
    4.5 SPACE PROPULSION MARKET, BY REGION
        FIGURE 16 NORTH AMERICA SPACE PROPULSION MARKET PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION
    5.2 VALUE CHAIN ANALYSIS
    5.3 ECOSYSTEM/MARKET MAP
    5.4 MARKET DYNAMICS
        FIGURE 17 SPACE PROPULSION MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES, & CHALLENGES
           5.4.1 DRIVERS
                    5.4.1.1 Increase in number of space exploration missions
                            TABLE 2 SPACE MISSIONS FROM 2020 TO 2026
                    5.4.1.2 Increasing demand for LEO-based services
                            TABLE 3 SATELLITE LAUNCH VOLUME, BY LEO CONSTELLATION PROVIDERS, 2019–2025
                            TABLE 4 LEO AND MEO CONSTELLATIONS
                    5.4.1.3 Increasing focus on reducing mission costs
                    5.4.1.4 Demand for advanced electric propulsion systems
                    5.4.1.5 Technological advancements in space propulsion
                    5.4.1.6 Increase in use of nuclear technology in propulsion systems
                    5.4.1.7 Significant investments by venture capital companies leading to rise in space exploration missions
                    5.4.1.8 Increasing use of small satellites in various applications
                            FIGURE 18 SMALL SATELLITE LAUNCHES (2015-2020)
                            TABLE 5 SMALL SATELLITE LAUNCH VOLUME, BY TYPE, 2018–2025
                    5.4.1.9 More players in space launch vehicle market
                    5.4.1.10 Increasing Demand for commercial-off-the-shelf components (COTS) for CubeSats
                             FIGURE 19 CUBESATS LAUNCHED FROM 2014 TO 2018
           5.4.2 RESTRAINTS
                    5.4.2.1 Government policies
           5.4.3 OPPORTUNITIES
                    5.4.3.1 Increase in research & development in space propulsion technologies
                    5.4.3.2 Technological upgradation in space propulsion to reduce cost and improve efficiency
                    5.4.3.3 Increased government investments in space technology
                    5.4.3.4 Technological development in plasma thrusters
           5.4.4 CHALLENGES
                    5.4.4.1 Concerns over space debris
                    5.4.4.2 Raising capital and funding for satellite manufacturing and launches
                    5.4.4.3 Emissions due to space missions
    5.5 SATELLITES LAUNCH VOLUME - PRIME CONTRACTORS
        TABLE 6 SATELLITE LAUNCH VOLUME BY PRIME CONTRACTORS, 2018–2025
    5.6 AVERAGE SELLING PRICES
        TABLE 7 AVERAGE PRICE FOR SPACE PROPULSION THRUSTER
        TABLE 8 PRICING RANGE FOR SATELLITES
        TABLE 9 PRICING RANGE FOR SATELLITE SUBSYSTEMS
        TABLE 10 PRICING RANGE FOR CUBESAT
        TABLE 11 PRICING RANGE FOR CUBESAT SUBSYSTEMS
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 DIPOLE DRIVE FOR SPACE PROPULSION
           5.7.2 ION PROPULSION
    5.8 COVID-19 IMPACT ANALYSIS
           5.8.1 RANGES AND SCENARIOS
                 FIGURE 20 DEPENDING ON HOW UNCERTAINTIES UNFOLD, A SPECTRUM OF SCENARIOS FOR SPACE PROPULSION MARKET – 2025

6 INDUSTRY TREND (Page No. - 71)
    6.1 INTRODUCTION
    6.2 ULTRA COLD STORAGE TANKS FOR LIQUID HYDROGEN TO SUPPORT FUTURE SPACE MISSIONS
    6.3 SPACE ELEVATOR PROPULSION BY MECHANICAL WAVES
    6.4 LOW-COST ELECTRIC PROPULSION THRUSTER FOR DEEP SPACE ROBOTIC MISSIONS
    6.5 USE OF PLASMA THRUSTERS FOR SPACE EXPLORATION
    6.6 NUCLEAR PROPULSION A ‘GAME-CHANGER’ FOR SPACE EXPLORATION
    6.7 USE OF GREEN FUEL FOR SPACECRAFT AS PROPELLANT
    6.8 IMPROVEMENTS IN PROPELLANT TECHNOLOGIES
    6.9 UPPER STAGE AND SPACECRAFT ORBIT RAISING TECHNOLOGIES
    6.10 TECHNOLOGICAL INNOVATIONS REQUIRED FOR RECOVERY
    6.11 REUSABLE LAUNCH VEHICLES
    6.12 INNOVATIONS & PATENT REGISTRATIONS
         TABLE 12 INNOVATIONS & PATENT REGISTRATIONS, 2015-2018
    6.13 USE CASES
           6.13.1 WATER ELECTROLYSIS PROPULSION IN RESOURCE-BASED SPACECRAFT ARCHITECTURE
           6.13.2 SOLAR SAIL TECHNOLOGY WITHIN NASA

7 SPACE PROPULSION MARKET, BY PLATFORM (Page No. - 78)
    7.1 INTRODUCTION
        FIGURE 21 SATELLITES SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
        TABLE 13 SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
    7.2 SATELLITES
        TABLE 14 SATELLITE LAUNCH VOLUME, BY SATELLITE SIZE, 2018–2025
        TABLE 15 CHEMICAL & NON-CHEMICAL SATELLITE LAUNCHES, BY SATELLITE TYPE, 2018–2025 (VOLUME)
        TABLE 16 ELECTRIC PROPULSION SATELLITE LAUNCHES, BY SATELLITE SIZE, 2018–2025 (VOLUME)
        TABLE 17 SPACE PROPULSION MARKET SIZE, BY SATELLITES, 2018–2025 (USD MILLION)
        TABLE 18 SATELLITES: SPACE PROPULSION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
           7.2.1 CUBESATS
                    7.2.1.1 Growing demand for in-space propulsion
           7.2.2 SMALL SATELLITES
                 TABLE 19 SPACE PROPULSION MARKET SIZE, BY SMALL SATELLITE, 2018–2025 (USD MILLION)
                    7.2.2.1 Nanosatellites
                               7.2.2.1.1 Demand for miniaturizations of space technology
                    7.2.2.2 Microsatellites
                               7.2.2.2.1 Demand for complex space missions, such as remote sensing and navigation
                    7.2.2.3 Minisatellites
                               7.2.2.3.1 Wide use of minisatellites for Earth observation and broadband internet
           7.2.3 MEDIUM SATELLITES (500-2,500 KG)
                    7.2.3.1 INCREASE IN LAUNCH OF MEDIUM SATELLITES FOR SCIENTIFIC RESEARCH & EXPLORATION
           7.2.4 LARGE SATELLITES (>2,500KG)
                    7.2.4.1 Increasing launch of large satellites for scientific missions in GEO Orbit
    7.3 CAPSULES\CARGOS
        TABLE 20 CAPSULES\CARGOS: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
        TABLE 21 CAPSULES\CARGOS: SPACE PROPULSION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
           7.3.1 CREWED SPACECRAFT OR HUMAN SPACE FLIGHT
                    7.3.1.1 Increasing launch of crewed spacecraft for ISS
           7.3.2 UNCREWED OR UNMANNED SPACECRAFT
                    7.3.2.1 Increased launch of unmanned spacecraft for space observation missions
    7.4 INTERPLANETARY SPACECRAFT & PROBES
           7.4.1 INCREASE IN INTERPLANETARY SPACECRAFT & PROBE MISSIONS FOR SCIENTIFIC OBSERVATION
                 TABLE 22 INTERPLANETARY SPACECRAFT & PROBES: SPACE PROPULSION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
    7.5 ROVERS/SPACECRAFT LANDERS
           7.5.1 DEMAND FOR ROVERS FOR CONDUCTING SPACE EXPLORATION MISSIONS
                 TABLE 23 ROVERS\SPACECRAFT LANDERS: SPACE PROPULSION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
    7.6 LAUNCH VEHICLES
        TABLE 24 LAUNCH VEHICLES: SPACE PROPULSION MARKET SIZE, BY LAUNCH VEHICLE TYPE, 2018–2025 (USD MILLION)
        TABLE 25 LAUNCH VEHICLES: SPACE PROPULSION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
           7.6.1 SMALL LAUNCH VEHICLES (<350,000 KG)
                    7.6.1.1 Increasing demand for small satellite constellations
           7.6.2 MEDIUM TO HEAVY LAUNCH VEHICLES (>350,000 KG)
                    7.6.2.1 Growing demand for medium to heavy constellations for satellite applications
           7.6.3 REUSABLE LAUNCH VEHICLES
                    7.6.3.1 Increasing need to reduce mission costs to access space

8 SPACE PROPULSION MARKET, BY PROPULSION TYPE (Page No. - 90)
    8.1 INTRODUCTION
        FIGURE 22 NON-CHEMICAL PROPULSION TO REGISTER HIGHER CAGR THAN CHEMICAL PROPULSION DURING FORECAST PERIOD
        TABLE 26 SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
    8.2 CHEMICAL PROPULSION
        TABLE 27 CHEMICAL PROPULSION: SPACE PROPULSION MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
        TABLE 28 CHEMICAL PROPULSION: SPACE PROPULSION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
           8.2.1 SOLID
                    8.2.1.1 Reduced weight and simplicity of structural design
           8.2.2 LIQUID
                    8.2.2.1 Rise in demand for liquid propellant thrusters for active and future launch vehicles
           8.2.3 HYBRID
                    8.2.3.1 Efficient Performance, reduced weight, and advanced cooling methodology
           8.2.4 GREEN
                    8.2.4.1 Demand for green propulsion to reduce cost and minimize environmental impact
    8.3 NON-CHEMICAL PROPULSION
        TABLE 29 NON-CHEMICAL PROPULSION: SPACE PROPULSION MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
        TABLE 30 NON-CHEMICAL PROPULSION: SPACE PROPULSION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
           8.3.1 ELECTRIC PROPULSION
                 TABLE 31 ELECTRIC PROPULSION: SPACE PROPULSION MARKET SIZE, BY PROPELLANT TYPE, 2018–2025 (USD MILLION)
                    8.3.1.1 Xenon
                               8.3.1.1.1 Demand for generating a desirable level of thrust
                    8.3.1.2 Argon
                               8.3.1.2.1 Increasing need for propellant that generates huge amounts of energy
                    8.3.1.3 Krypton
                               8.3.1.3.1 Increased use of Krypton for ion propulsion to raise orbit, perform maneuvers, and de-orbit
                    8.3.1.4 Hydrogen
                               8.3.1.4.1 Hydrogen used as propellant leads to reduced space mission costs
                    8.3.1.5 Others
           8.3.2 SOLAR PROPULSION
                 TABLE 32 ELECTRIC PROPULSION: SPACE PROPULSION MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
                    8.3.2.1 Solar sail propulsion
                               8.3.2.1.1 Demand for solar sail propulsion for maneuvering small satellites
                    8.3.2.2 Solar electric propulsion (SEP)
                               8.3.2.2.1 Increased space exploration and science missions
                    8.3.2.3 Solar thermal propulsion
                               8.3.2.3.1 Demand for innovative and cost-effective alternatives to conventional propulsion technologies
    8.4 TETHER PROPULSION
           8.4.1 TETHER PROPULSION GREATLY REDUCES COST OF IN SPACE PROPULSION
    8.5 NUCLEAR PROPULSION
           8.5.1 NUCLEAR PROPULSION POSSESSES HIGH ENERGY WHICH DIRECTLY REDUCES SPACECRAFT TRAVEL TIME
    8.6 LASER PROPULSION
           8.6.1 LASER PROPULSION REDUCES SPACE TRAVEL TIME

9 SPACE PROPULSION MARKET, BY SYSTEM COMPONENT (Page No. - 102)
    9.1 INTRODUCTION
        FIGURE 23 THRUSTERS SEGMENT EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
        TABLE 33 SPACE PROPULSION MARKET SIZE, BY SYSTEM COMPONENT, 2018–2025 (USD MILLION)
    9.2 THRUSTERS
        TABLE 34 THRUSTERS: SPACE PROPULSION MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
           9.2.1 CHEMICAL PROPULSION THRUSTERS
                 TABLE 35 CHEMICAL PROPULSION THRUSTERS: SPACE PROPULSION MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
                    9.2.1.1 Cold & warm gas thrusters
                               9.2.1.1.1 Use of cold & warm gas thrusters for less complex and small bus structures
                    9.2.1.2 Monopropellant thrusters
                               9.2.1.2.1 Monopropellant thrusters are best used for attitude control and satellite decommissioning
                    9.2.1.3 Bipropellant thrusters
                               9.2.1.3.1 Bipropellant thrusters are best used for maneuvering and orbit control of large satellites
           9.2.2 ELECTRIC PROPULSION THRUSTERS
                    9.2.2.1 Gridded Ion Engine (GIE) or ion thruster widely used to extend operational life of satellites and to reduce launch and operation costs
                               9.2.2.1.1 Gridded Ion Engine (GIE) or ion thruster
                               9.2.2.1.2 Hall Effect Thruster (HET)
                               9.2.2.1.3 High Efficiency Multi Stage Plasma Thruster (HEMP-T)
                               9.2.2.1.4 Pulsed Plasma Thruster (PPT)
                               9.2.2.1.5 Quad Confinement Thruster (QCT)
                               9.2.2.1.6 Magneto Plasma Dynamic (MPD) thruster
                               9.2.2.1.7 Others
    9.3 PROPELLANT FEED SYSTEMS
          TABLE 36 PROPELLANT FEED SYSTEMS: SPACE PROPULSION MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
          TABLE 37 PROPELLANT FEED SYSTEMS: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
           9.3.1 PROPELLANT TANKS
                    TABLE 38 PROPELLANT TANKS: SPACE PROPULSION MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
                    9.3.1.1 Monopropellant tanks
                               9.3.1.1.1 Monopropellant composite tanks significantly reduce cost and weight of heavy-lift launch vehicles
                    9.3.1.2 Bipropellant tanks
                               9.3.1.2.1 Bipropellant tanks are majorly used for larger spacecraft and satellites
           9.3.2 REGULATORS
                    9.3.2.1 Development of new & lightweight high-flow regulators
           9.3.3 VALVES
                    9.3.3.1 Improved manufacturing methods of valves have enhanced engine performance, reliability, and timely execution
           9.3.4 TURBOPUMPS
                    9.3.4.1 Turbo pumps play important role in managing required flow rate and injection pressure
           9.3.5 COMBUSTION CHAMBERS
                    9.3.5.1 Use of additive manufacturing technologies and multiple advanced materials to develop combustion chambers
    9.4 ROCKET MOTORS
           9.4.1 USE OF SOLID PROPULSION SYSTEM AS BOOSTER STAGES DRIVES DEMAND FOR SOLID PROPELLANT ROCKET MOTORS
    9.5 NOZZLES
           9.5.1 ADVANCEMENTS IN MANUFACTURING TECHNIQUES OF NOZZLE HELP CATER TO TIMELY EXECUTION OF SPACE MISSIONS
    9.6 PROPULSION THERMAL CONTROL
           9.6.1 NEED FOR TEMPERATURE STABILITY FOR SPACECRAFT
    9.7 POWER PROCESSING UNITS
           9.7.1 NEED FOR SUPPLYING REQUIRED VOLTAGE TO SUBSYSTEMS OF SPACECRAFT
    9.8 OTHERS

10 SPACE PROPULSION MARKET, BY ORBIT (Page No. - 114)
     10.1 INTRODUCTION
          FIGURE 24 LEO SEGMENT EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 39 SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
          TABLE 40 SATELLITE LAUNCHES, BY ORBIT, 2018–2025 (VOLUME)
     10.2 LOW EARTH ORBIT (LEO)
             10.2.1 RISE OF PRIVATE PLAYERS IN SPACE SECTOR LEADING TO MORE LAUNCHES IN LOW EARTH ORBIT
                    TABLE 41 SPACE PROPULSION MARKET FOR LEO, BY REGION, 2018-2025 (USD MILLION)
     10.3 MEDIUM EARTH ORBIT (MEO)
             10.3.1 INCREASING DEMAND FOR SATELLITE SERVICES FOR TELECOMMUNICATION, ENTERTAINMENT, & MOBILE BROADBAND
                    TABLE 42 SPACE PROPULSION MARKET FOR MEO, BY REGION, 2018-2025 (USD MILLION)
     10.4 GEOSTATIONARY EARTH ORBIT (GEO)
             10.4.1 REQUIREMENT OF PAYLOADS WITH LONG LIFE EXPECTANCY
                    TABLE 43 SPACE PROPULSION MARKET FOR GEO, BY REGION, 2018-2025 (USD MILLION)
     10.5 BEYOND GEOSYNCHRONOUS ORBIT
             10.5.1 NEW DEVELOPING TECHNOLOGIES WILL BOOST FUTURE DEEP-SPACE EXPLORATION
                    TABLE 44 SPACE PROPULSION MARKET FOR BEYOND GEO, BY REGION, 2018-2025 (USD MILLION)

11 SPACE PROPULSION MARKET, BY END USER (Page No. - 120)
     11.1 INTRODUCTION
          FIGURE 25 COMMERCIAL SEGMENT TO REGISTER HIGHER CAGR THAN GOVERNMENT & DEFENSE SEGMENT DURING FORECAST PERIOD
          TABLE 45 SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
     11.2 COMMERCIAL
             11.2.1 INCREASING INVOLVEMENT OF PRIVATE PLAYERS IN GLOBAL SPACE INDUSTRY
                    TABLE 46 COMMERCIAL: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
                    TABLE 47 COMMERCIAL: SPACE PROPULSION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 48 FUNDING BY COMMERCIAL ORGANIZATIONS, 2018–2020 (USD MILLION)
                    TABLE 49 FUNDING BY COMMERCIAL ORGANIZATIONS (USD MILLION)
             11.2.2 SATELLITE OPERATORS AND OWNERS
                        11.2.2.1 Extensive use of satellites for commercial application and data transferability
             11.2.3 SPACE LAUNCH SERVICE PROVIDERS
                        11.2.3.1 Emergence of private companies in launch services
     11.3 GOVERNMENT & DEFENSE
          TABLE 50 GOVERNMENT & DEFENSE: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
          TABLE 51 GOVERNMENT & DEFENSE: SPACE PROPULSION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
          TABLE 52 US NATIONAL SECURITY SPACE BUDGET REQUEST, 2020, BY MILITARY SERVICE (USD MILLION)
          TABLE 53 SPACE BUDGET BY NATIONAL SPACE AGENCIES (USD MILLION)
             11.3.1 DEPARTMENTS OF DEFENSE
                        11.3.1.1 Increasing demand for real-time data and imaging
             11.3.2 NATIONAL SPACE AGENCIES
                        11.3.2.1 Demand for Earth observation and remote sensing
             11.3.3 OTHERS

12 SPACE PROPULSION MARKET, BY SUPPORT SERVICE (Page No. - 129)
     12.1 INTRODUCTION
          FIGURE 26 DESIGN, ENGINEERING, & OPERATION SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 54 SPACE PROPULSION MARKET SIZE, BY SUPPORT SERVICE, 2018–2025 (USD MILLION)
     12.2 DESIGN, ENGINEERING, & OPERATION
             12.2.1 NEED FOR ADVANCED DESIGN & ENGINEERING TO REDUCE COSTS & COMPLEXITIES OF PROPULSION SYSTEMS
     12.3 HOT FIRING & ENVIRONMENTAL TEST EXECUTION
             12.3.1 NEED TO INCREASE EFFICIENCY AND REDUCE FAILURES
     12.4 FUELING & LAUNCH SUPPORT
             12.4.1 FUELING & LAUNCH SUPPORT REQUIRED TO ENSURE MAXIMUM RELIABILITY & SAFETY

13 REGIONAL ANALYSIS (Page No. - 133)
     13.1 INTRODUCTION
          FIGURE 27 NORTH AMERICA ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF SPACE PROPULSION MARKET IN 2020
          TABLE 55 COVID-19 IMPACT (OPTIMISTIC SCENARIO) SPACE PROPULSION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
          TABLE 56 COVID-19 IMPACT (PESSIMISTIC SCENARIO) SPACE PROPULSION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
          TABLE 57 COVID-19 IMPACT (REALISTIC SCENARIO) SPACE PROPULSION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
     13.2 NORTH AMERICA
             13.2.1 NORTH AMERICA: COVID-19 IMPACT
             13.2.2 TARIFF AND REGULATORY LANDSCAPE
                    FIGURE 28 NORTH AMERICA SPACE PROPULSION MARKET SNAPSHOT
                    TABLE 58 NORTH AMERICA: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                    TABLE 59 NORTH AMERICA: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                    TABLE 60 NORTH AMERICA: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                    TABLE 61 NORTH AMERICA: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                    TABLE 62 NORTH AMERICA: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
                    TABLE 63 NORTH AMERICA: SPACE PROPULSION MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
             13.2.3 US
                        13.2.3.1 Rise in scheduled space expedition programs
                                 TABLE 64 US: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                                 TABLE 65 US: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 66 US: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                                 TABLE 67 US: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                                 TABLE 68 US: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
             13.2.4 CANADA
                        13.2.4.1 Launch of Space Technology Development Program (STDP) by Canadian Space Agency
                                 TABLE 69 CANADA: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                                 TABLE 70 CANADA: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 71 CANADA: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                                 TABLE 72 CANADA: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                                 TABLE 73 CANADA: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
     13.3 EUROPE
             13.3.1 EUROPE: COVID-19 IMPACT
             13.3.2 TARIFF AND REGULATORY LANDSCAPE
                    FIGURE 29 EUROPE SPACE PROPULSION MARKET SNAPSHOT
                    TABLE 74 EUROPE: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                    TABLE 75 EUROPE: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                    TABLE 76 EUROPE: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                    TABLE 77 EUROPE: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                    TABLE 78 EUROPE: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
                    TABLE 79 EUROPE: SPACE PROPULSION MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
             13.3.3 RUSSIA
                        13.3.3.1 Increasing number of space launch programs
                                 TABLE 80 RUSSIA: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                                 TABLE 81 RUSSIA: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 82 RUSSIA: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                                 TABLE 83 RUSSIA: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                                 TABLE 84 RUSSIA SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
             13.3.4 UK
                        13.3.4.1 Innovations in space propulsion technologies
                                 TABLE 85 UK: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                                 TABLE 86 UK: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 87 UK: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                                 TABLE 88 UK: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                                 TABLE 89 UK: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
             13.3.5 GERMANY
                        13.3.5.1 Increase in CubeSat launches driving demand for space propulsion
                                 TABLE 90 GERMANY: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                                 TABLE 91 GERMANY: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 92 GERMANY: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                                 TABLE 93 GERMANY: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                                 TABLE 94 GERMANY: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
             13.3.6 FRANCE
                        13.3.6.1 Increasing partnerships among national space agencies
                                 TABLE 95 FRANCE: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                                 TABLE 96 FRANCE: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 97 FRANCE: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                                 TABLE 98 FRANCE: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                                 TABLE 99 FRANCE: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
             13.3.7 ITALY
                        13.3.7.1 New initiatives taken to strengthen space expertise by leveraging domestic companies
                                 TABLE 100 ITALY: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                                 TABLE 101 ITALY: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 102 ITALY: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                                 TABLE 103 ITALY: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                                 TABLE 104 ITALY: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
     13.4 ASIA PACIFIC
             13.4.1 ASIA PACIFIC: COVID-19 IMPACT
             13.4.2 TARIFF AND REGULATORY LANDSCAPE
                    FIGURE 30 ASIA PACIFIC SPACE PROPULSION MARKET SNAPSHOT
                    TABLE 105 ASIA PACIFIC: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                    TABLE 106 ASIA PACIFIC: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                    TABLE 107 ASIA PACIFIC: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                    TABLE 108 ASIA PACIFIC: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                    TABLE 109 ASIA PACIFIC: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
                    TABLE 110 ASIA PACIFIC: SPACE PROPULSION MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
             13.4.3 CHINA
                        13.4.3.1 Dependence on self-made space technology has led to increased satellite launches
                                 TABLE 111 CHINA: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                                 TABLE 112 CHINA: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 113 CHINA: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                                 TABLE 114 CHINA: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                                 TABLE 115 CHINA: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
             13.4.4 INDIA
                        13.4.4.1 Upcoming space initiatives
                                 TABLE 116 INDIA: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                                 TABLE 117 INDIA: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 118 INDIA: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                                 TABLE 119 INDIA: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                                 TABLE 120 INDIA: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
             13.4.5 JAPAN
                        13.4.5.1 Involvement of private space companies in government space programs
                                 TABLE 121 JAPAN: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                                 TABLE 122 JAPAN: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 123 JAPAN: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                                 TABLE 124 JAPAN: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                                 TABLE 125 JAPAN: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
             13.4.6 SOUTH KOREA
                        13.4.6.1 Increased government funding provides significant opportunities
                                 TABLE 126 SOUTH KOREA: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                                 TABLE 127 SOUTH KOREA: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 128 SOUTH KOREA: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                                 TABLE 129 SOUTH KOREA: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                                 TABLE 130 SOUTH KOREA: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
             13.4.7 AUSTRALIA
                        13.4.7.1 Government encouraging small satellite manufacturers to open new facilities
                                 TABLE 131 AUSTRALIA: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                                 TABLE 132 AUSTRALIA: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 133 AUSTRALIA: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                                 TABLE 134 AUSTRALIA: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                                 TABLE 135 AUSTRALIA: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
     13.5 MIDDLE EAST & AFRICA
             13.5.1 TARIFF AND REGULATORY LANDSCAPE
                    TABLE 136 MIDDLE EAST & AFRICA: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                    TABLE 137 MIDDLE EAST & AFRICA: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                    TABLE 138 MIDDLE EAST & AFRICA: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                    TABLE 139 MIDDLE EAST & AFRICA: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                    TABLE 140 MIDDLE EAST & AFRICA: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
                    TABLE 141 MIDDLE EAST & AFRICA: SPACE PROPULSION MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
             13.5.2 IRAN
                        13.5.2.1 Sustained attempts in space launches
                                 TABLE 142 IRAN: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                                 TABLE 143 IRAN: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                                 TABLE 144 IRAN: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                                 TABLE 145 IRAN: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
             13.5.3 SAUDI ARABIA
                        13.5.3.1 Collaboration with universities for technological advancements in space systems
                                 TABLE 146 SAUDI ARABIA: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                                 TABLE 147 SAUDI ARABIA: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 148 SAUDI ARABIA SPACE PROPULSION MARKET SIZE, BY ORBIT,  2018–2025 (USD MILLION)
                                 TABLE 149 SAUDI ARABIA: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                                 TABLE 150 SAUDI ARABIA: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
             13.5.4 ISRAEL
                        13.5.4.1 Presence of mission-critical component suppliers
                                 TABLE 151 ISRAEL: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                                 TABLE 152 ISRAEL: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 153 ISRAEL: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                                 TABLE 154 ISRAEL: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                                 TABLE 155 ISRAEL: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
             13.5.5 SOUTH AFRICA
                        13.5.5.1 Increased funding from science and technology ministry
                                 TABLE 156 SOUTH AFRICA: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                                 TABLE 157 SOUTH AFRICA: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 158 SOUTH AFRICA: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                                 TABLE 159 SOUTH AFRICA: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                                 TABLE 160 SOUTH AFRICA: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
     13.6 SOUTH AMERICA
             13.6.1 SOUTH AMERICA: COVID-19 IMPACT
             13.6.2 TARIFF AND REGULATORY LANDSCAPE
                    TABLE 161 SOUTH AMERICA: SPACE PROPULSION MARKET SIZE, BY PLATFORM, 2018–2025 (USD MILLION)
                    TABLE 162 SOUTH AMERICA: SPACE PROPULSION MARKET SIZE, BY SATELLITE TYPE, 2018–2025 (USD MILLION)
                    TABLE 163 SOUTH AMERICA: SPACE PROPULSION MARKET SIZE, BY ORBIT, 2018–2025 (USD MILLION)
                    TABLE 164 SOUTH AMERICA: SPACE PROPULSION MARKET SIZE, BY PROPULSION TYPE, 2018–2025 (USD MILLION)
                    TABLE 165 SOUTH AMERICA: SPACE PROPULSION MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
                    TABLE 166 SOUTH AMERICA: SPACE PROPULSION MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)

14 COMPETITIVE LANDSCAPE (Page No. - 181)
     14.1 INTRODUCTION
          TABLE 167 OVERVIEW OF STRATEGIES DEPLOYED BY KEY SPACE PROPULSION MARKET PLAYERS
     14.2 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2019
          FIGURE 31 RANKING ANALYSIS OF TOP 5 PLAYERS IN SPACE PROPULSION MARKET, 2019
     14.3 SHARE OF KEY MARKET PLAYERS, 2019
     14.4 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2019
     14.5 SHARE OF KEY MARKET PLAYERS IN SATELLITE PROPULSION FEED SYSTEMS, 2019
     14.6 SHARE OF KEY MARKET PLAYERS IN ELECTRIC PROPULSION THRUSTERS, 2019
     14.7 COMPANY EVALUATION MATRIX DEFINITIONS AND METHODOLOGY
             14.7.1 STAR
             14.7.2 EMERGING LEADERS
             14.7.3 PERVASIVE
             14.7.4 EMERGING COMPANIES
                    FIGURE 32 SPACE PROPULSION COMPANY EVALUATION MATRIX, 2019
                    FIGURE 33 SPACE PROPULSION MARKET START-UP MATRIX, 2019
     14.8 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN SPACE PROPULSION MARKET, 2019
          FIGURE 34 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN SPACE PROPULSION MARKET
     14.9 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN SPACE PROPULSION MARKET, 2019
          FIGURE 35 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN SPACE PROPULSION MARKET
     14.10 KEY MARKET DEVELOPMENTS
             14.10.1 NEW PRODUCT LAUNCHES/DEVELOPMENTS
                     TABLE 168 NEW PRODUCT LAUNCHES/DEVELOPMENTS, 2017–2020
             14.10.2 CONTRACTS
                     TABLE 169 CONTRACTS, 2015–2020
             14.10.3 PARTNERSHIPS, AGREEMENTS, INVESTMENTS, FUNDING, EXPANSIONS, & ACQUISITIONS
                     TABLE 170 PARTNERSHIPS, AGREEMENTS, INVESTMENTS, EXPANSIONS, FUNDING, & ACQUISITIONS, 2016–2020

15 COMPANY PROFILE (Page No. - 200)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     15.1 SAFRAN S.A.
          FIGURE 36 SAFRAN S.A.: COMPANY SNAPSHOT
     15.2 AEROJET ROCKETDYNE HOLDINGS, INC.
          FIGURE 37 AEROJET ROCKETDYNE HOLDINGS, INC.: COMPANY SNAPSHOT
     15.3 IHI CORPORATION
          FIGURE 38 IHI CORPORATION: COMPANY SNAPSHOT
     15.4 SPACE EXPLORATION TECHNOLOGIES CORP.
     15.5 NORTHROP GRUMMAN CORPORATION
          FIGURE 39 NORTHROP GRUMMAN CORPORATION: COMPANY SNAPSHOT
     15.6 MOOG, INC.
     15.7 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.
     15.8 OHB SE
          FIGURE 42 OHB SE: COMPANY SNAPSHOT
     15.9 LOCKHEED MARTIN CORPORATION
          FIGURE 43 LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
     15.10 NPO ENERGOMASH
     15.11 SIERRA NEVADA CORPORATION
     15.12 L3HARRIS TECHNOLOGIES, INC.
           FIGURE 44 L3HARRIS TECHNOLOGIES, INC.: COMPANY SNAPSHOT
     15.13 THALES ALENIA SPACE
           FIGURE 45 THALES GROUP: COMPANY SNAPSHOT
     15.14 COBHAM MISSION SYSTEMS
           FIGURE 46 COBHAM: COMPANY SNAPSHOT
     15.15 VACCO INDUSTRIES
     15.16 RAM COMPANY
     15.17 ARIANEGROUP GMBH
     15.18 AST ADVANCED SPACE TECHNOLOGIES GMBH
     15.19 STANFORD MU CORPORATION (SMC)
     15.20 BRADFORD SPACE
     15.21 ACCION SYSTEMS INC.
     15.22 BUSEK CO. INC.
     15.23 ENPULSION GMBH
     15.24 OKB FAKEL
     15.25 AIRBUS DEFENSE AND SPACE (ADS)
           FIGURE 47 AIRBUS DEFENCE AND SPACE: COMPANY SNAPSHOT

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

16 APPENDIX (Page No. - 256)
     16.1 DISCUSSION GUIDE
             16.1.1 SPACE PROPULSION MARKET (2020–2025)
             16.1.2 MARKET SEGMENTATION
     16.2 KNOWLEDGE STORE: MARKETSANDMARKETS™ SUBSCRIPTION PORTAL
     16.3 AVAILABLE CUSTOMIZATIONS
     16.4 RELATED REPORTS
     16.5 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the space propulsion market. Exhaustive secondary research was carried out to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Statista, D&B Hoovers, Bloomberg Businessweek, Gunter's Space, NASA, ESA, UCS Satellite Database, Committee on Earth Observation Satellites (CEOS), Nanosats Database (Erik Kulu), Bloomberg, BusinessWeek, SEC filings, annual reports, press releases & investor presentations of companies, certified publications, and articles by recognized authors were referred to identify and collect information on the space propulsion market.

Primary Research

The space propulsion market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, service providers, and system integrators in its supply chain. The demand side of this market is characterized by various end-users, such as commercial, government, and defense organizations of different countries. The supply side is characterized by technologically advanced propulsion feed systems, advanced components, and architecture systems for the space propulsion market catering to various platforms. The following is the breakdown of the primary respondents that were interviewed to obtain qualitative and quantitative information about 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

Both top-down and bottom-up approaches were used to estimate and validate the total size of the space propulsion market. These methods were also used extensively to estimate the size of various segments and subsegment of the market. The research methodology used to estimate the market size included the following:

  • Key players in the industry and market were identified through extensive secondary research of their product matrix and geographical presence and developments undertaken by them.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Space Propulsion Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall size of the space propulsion market using the market size estimation processes explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from demand as well as supply sides of the space propulsion market.

Report Objectives

  • To define, describe, and forecast the size of the space propulsion market based on platform, propulsion type, system component, end user, support service, orbit, and region
  • To forecast the size of the various segments of the market based on five regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America, along with key countries in each of these regions
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To identify industry trends, market trends, and technology trends prevailing in the market
  • To analyze micromarkets with respect to individual technological trends, prospects, and their contribution to the overall market
  • To provide a detailed competitive landscape of the market and analyze competitive growth strategies such as new product developments, contracts, partnerships, acquisition, funding, investments, and agreements adopted by key players in the market
  • To identify the detailed financial position, key products, unique selling points, and key developments of leading companies in the market
  • To strategically profile key market players and comprehensively analyze their market ranking and core competencies

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the space propulsion market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the space propulsion market
COVID-19

Get in-depth analysis of the COVID-19 impact on the Space Propulsion Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Space Propulsion Market

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Report Code
AS 7754
Published ON
Oct, 2020
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