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

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    Report

  • 299 Pages
  • July 2023
  • Region: Global
  • Markets and Markets
  • ID: 5174423

 The space propulsion market size is projected to grow from USD 10.6 billion in 2023 to USD 18.1 billion by 2028, at a CAGR of 11.3% during the forecast period. 

Space propulsion systems play a crucial role in spacecraft, launch vehicles, capsules, and rovers by providing the necessary thrust for various operations such as orbit insertion, station keeping, launching vehicles into space, and attitude control, among others. These propulsion systems can be broadly categorized into two types: chemical propulsion and non-chemical propulsion.

Chemical propulsion technologies encompass a variety of methods, including solid, liquid, hybrid, and cold gas propulsion. On the other hand, non-chemical propulsion technologies utilize different principles, such as electric, solar, nuclear, and laser propulsion. The key components used in space propulsion systems are thrusters, propellant feed systems, rocket motors, nozzles, reactors, propulsion thermal control systems, and power processing units (PPU).

The space propulsion market caters to both government & military and commercial end users. It encompasses the application of chemical and non-chemical propulsion technologies in space missions. The end users of space propulsion systems can be further classified into commercial entities and government & defense organizations.

 Low Earth Orbit (LEO) Segment: Rapidly growing segment of the space propulsion market by orbit during 2023-2028

Payloads in the low Earth orbit (LEO) are placed between 500 and 1,500 kilometers above the surface of the Earth. They are visible for 95 to 120 minutes as these satellites circulate in a lower orbit. There is a growing demand for space propulsion systems that enable CubeSats and small satellites to achieve attitude, orbit control, and orbital transfers. The growth of the space sector has led to the greater use of advanced components such as electric thrusters, propellant tanks, and pressure regulators in the propulsion systems of spacecraft. NanoAvionics (US) provides high-performance and environment-friendly propulsion systems for CubeSats and small satellites. 

Commercial Segment: Rapidly growing segment of the space propulsion market by the end user during 2023-2028

The commercial segment includes companies that use satellites for communication, Earth observation, imaging, and agricultural monitoring, among other applications. For instance, Pumpkin Space (US), a leading player in the nanosatellites market, uses small satellites for scientific experiments, such as testing new technologies like batteries with sleep mode capability (BM-2). Busek Co. Inc (US) is another company focused on developing new propulsion systems, such as pulsed plasma thrusters, green monopropellant thrusters, and electrothermal thrusters.

In 2021, SpaceX built and launched 1,869 operational Starlink satellites in 25 months, more than 1,750 of which are still in orbit and functional. And in 2022, Space X alone raised USD 2.2 billion and became the most valuable private company in the US.

Asia Pacific to account for the largest share in the space propulsion market in 2023

Investment in the space industry in Asia Pacific has increased continuously in recent years. This factor supports the growth of the space propulsion market in Asia Pacific.

Well-established and prominent manufacturers of these military systems in this region include Lockheed Martin Corporation (US), L3Harris Technologies Inc. (US), Northrop Grumman Corporation (US), Blue Origin, LLC (US), and others.

The break-up of profiles of primary participants in the Space Propulsion market:

  • By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
  • By Designation: C-Level Executives - 35%, Directors - 25%, and Others - 40%  
  • By Region: North America - 45%, Europe - 15%, Asia Pacific - 25%, Middle East & Africa - 10%, and Latin America - 5%

 Prominent companies in the space propulsion market are Safran S.A. (France), SpaceX (US), L3Harris Technologies Inc. (US), IHI Corporation (Japan), and Northrop Grumman Corporation (US), among others.  

Research Coverage:  The market study covers the space propulsion market across segments. It aims to estimate the market size and growth potential of this market across different segments, such as platform, propulsion type, component, orbit, end user, support service, and region. The study also includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.   Key benefits of buying this report: This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall space propulsion market and its subsegments. The report covers the entire ecosystem of the space propulsion industry. It will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers: 

  • Analysis of key drivers and several factors, such as increased investments in space research, growing space exploration programs, the need for space propulsion systems, and others that could contribute to an increase in space propulsion market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the space propulsion market 
  • Market Development: Comprehensive information about lucrative markets - the report analyses the space propulsion market across varied regions 
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in space propulsion market 
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Safran S.A. (France), SpaceX (US), L3Harris Technologies Inc. (US), IHI Corporation (Japan), Northrop Grumman Corporation (US), among others in the space propulsion market.

Table of Contents

1 Introduction
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
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
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
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
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
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
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
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
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
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
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
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
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
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 Competitive Benchmarking
14.5.1 Company Footprint
14.5.2 Region Footprint
14.5.3 System Component Footprint
14.5.4 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 205 Product Launches, 2019-2023
14.8.3 Deals
Table 206 Deals, 2019-2023
14.8.4 Others
Table 207 Others, 2019-2023

15 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View)*
15.1 Key Players
15.1.1 Safran Sa
Table 208 Safran Sa: Company Overview
Figure 48 Safran Sa: Company Snapshot
Table 209 Safran Sa: Products/Solutions/Services Offered
Table 210 Safran Sa: Deals
15.1.2 Ihi Corporation
Table 211 Ihi Corporation: Company Overview
Figure 49 Ihi Corporation: Company Snapshot
Table 212 Ihi Corporation: Products/Solutions/Services Offered
Table 213 Ihi Corporation: Deals
15.1.3 Space Exploration Technologies Corp.
Table 214 Space Exploration Technologies Corp.: Company Overview
Table 215 Space Exploration Technologies Corp.: Products/Solutions/ Services Offered
Table 216 Space Exploration Technologies Corp.: Deals
Table 217 Space Exploration Technologies Corp: Others
15.1.4 Northrop Grumman Corporation
Table 218 Northrop Grumman Corporation: Company Overview
Figure 50 Northrop Grumman Corporation: Company Snapshot
Table 219 Northrop Grumman Corporation: Products/Solutions/Services Offered
Table 220 Northrop Grumman Corporation: Product Launches
Table 221 Northrop Grumman Corporation: Deals
15.1.5 L3Harris Technologies, Inc.
Table 222 L3Harris Technologies, Inc.: Business Overview
Figure 51 L3Harris Technologies, Inc.: Company Snapshot
Table 223 L3Harris Technologies, Inc.: Products/Solutions/Services Offered
Table 224 L3Harris Technologies, Inc.: Deals
15.1.6 Aerojet Rocketdyne Holdings, Inc.
Table 225 Aerojet Rocketdyne Holdings, Inc.: Company Overview
Figure 52 Aerojet Rocketdyne Holdings, Inc.: Company Snapshot
Table 226 Aerojet Rocketdyne Holdings, Inc.: Products/Solutions/Services Offered
Table 227 Aerojet Rocketdyne Holdings, Inc.: Product Launches
Table 228 Aerojet Rocketdyne Holdings, Inc.: Deals
Table 229 Aerojet Rocketdyne Holdings, Inc.: Others
15.1.7 Moog, Inc.
Table 230 Moog, Inc.: Company Overview
Figure 53 Moog, Inc.: Company Snapshot
Table 231 Moog, Inc.: Products/Solutions/Services Offered
Table 232 Moog, Inc.: Deals
15.1.8 Rafael Advanced Defense Systems Ltd.
Table 233 Rafael Advanced Defense Systems Ltd.: Company Overview
Table 234 Rafael Advanced Defense Systems Ltd.: Products/Solutions/Services Offered
15.1.9 Ohb Se
Table 235 Ohb Se: Company Overview
Figure 54 Ohb Se: Company Snapshot
Table 236 Ohb Se: Products/Solutions/Services Offered
Table 237 Ohb Se: Product Launches
Table 238 Ohb Se: Deals
15.1.10 Lockheed Martin Corporation
Table 239 Lockheed Martin Corporation: Company Overview
Figure 55 Lockheed Martin Corporation: Company Snapshot
Table 240 Lockheed Martin Corporation: Products/Solutions/Services Offered
Table 241 Lockheed Martin Corporation: Product Launches
Table 242 Lockheed Martin Corporation: Deals
15.1.11 Npo Energomash
Table 243 Npo Energomash: Company Overview
Table 244 Npo Energomash: Products/Solutions/Services Offered
Table 245 Npo Energomash: Product Launches
Table 246 Npo Energomash: Deals
15.1.12 Sierra Nevada Corporation
Table 247 Sierra Nevada Corporation: Company Overview
Table 248 Sierra Nevada Corporation: Products/Solutions/Services Offered
Table 249 Sierra Nevada Corporation: Product Launches
Table 250 Sierra Nevada Corporation: Deals
15.1.13 Thales Group
Table 251 Thales Group: Company Overview
Figure 56 Thales Group: Company Snapshot
Table 252 Thales Group: Products/Solutions/Services Offered
Table 253 Thales Group: Product Launches
Table 254 Thales Group: Deals
15.1.14 Eaton (Cobham Mission Systems)
Table 255 Eaton (Cobham Mission Systems): Company Overview
Figure 57 Eaton (Cobham Mission Systems): Company Snapshot
Table 256 Eaton (Cobham Mission Systems): Products/Solutions/Services Offered
Table 257 Eaton (Cobham Mission Systems): Product Launches
Table 258 Eaton (Cobham Mission Systems): Deals
15.1.15 Vacco Industries
Table 259 Vacco Industries: Company Overview
Table 260 Vacco Industries: Products/Solutions/Services Offered
Table 261 Vacco Industries: Deals
15.1.16 Arianegroup GmbH
Table 262 Arianegroup: Company Overview
Table 263 Arianegroup: Products/Solutions/Services Offered
Table 264 Arianegroup: Deals
15.1.17 Airbus Se
Table 265 Airbus Se: Company Overview
Figure 58 Airbus Se: Company Snapshot
Table 266 Airbus Se: Products/Solutions/Services Offered
Table 267 Airbus Se: Deals
15.1.18 Blue Origin
Table 268 Blue Origin: Company Overview
Table 269 Blue Origin: Products/Solutions/Services Offered
Table 270 Blue Origin: Deals
Table 271 Blue Origin: Others
15.2 Other Players
15.2.1 Thrustme
Table 272 Thrustme: Company Overview
15.2.2 Ursa Major Technologies
Table 273 Ursa Major Technologies: Company Overview
15.2.3 Phase Four
Table 274 Phase Four: Company Overview
15.2.4 Exotrail
Table 275 Exotrail: Company Overview
15.2.5 Nuspace Pte. Ltd.
Table 276 Nuspace Pte. Ltd.: Company Overview
15.2.6 Dawn Aerospace
Table 277 Dawn Aerospace: Company Overview
15.2.7 Ast Advanced Space Technologies GmbH
Table 278 Ast Advanced Space Technologies GmbH: Company Overview
15.2.8 Stanford Mu Corporation
Table 279 Stanford Mu Corporation: Company Overview
15.2.9 Manastu Space
Table 280 Manastu Space: Company Overview
15.2.10 Virgin Orbit
Table 281 Virgin Orbit: Company Overview
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies.

16 Appendix
16.1 Discussion Guide
16.2 Knowledgestore: The Subscription Portal
16.3 Customization Options

Companies Mentioned

  • Aerojet Rocketdyne Holdings, Inc.
  • Arianegroup GmbH
  • Airbus Se
  • Ast Advanced Space Technologies GmbH
  • Blue Origin
  • Dawn Aerospace
  • Eaton (Cobham Mission Systems)
  • Exotrail
  • Ihi Corporation
  • L Harris Technologies, Inc.
  • Lockheed Martin Corporation
  • Moog, Inc.
  • Manastu Space
  • Northrop Grumman Corporation
  • Npo Energomash
  • Nuspace Pte. Ltd.
  • Ohb Se
  • Phase Four
  • Rafael Advanced Defense Systems Ltd.
  • Safran Sa
  • Space Exploration Technologies Corp.
  • Sierra Nevada Corporation
  • Stanford Mu Corporation
  • Thales Group
  • Thrustme
  • Ursa Major Technologies
  • Vacco Industries
  • Virgin Orbit

Methodology

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Table Information