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Space Propulsion Market

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    Report

  • 118 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724153
The global space propulsion market size is expected to reach USD 22,536.23 million by 2030, according to a new study. The report “space propulsion Market Share, Size, Trends, Industry Analysis Report, By Type (Chemical Propulsion, Non-Chemical); By System Component; By Platform; By End-use; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The wide variety of usage of satellites and spacecraft include satellite-based communication for military and commercial application, in-flight internet services, satellite imaging technology, satellite-based critical data acquisition, and exploration of space. When land-based communication is unavailable during emergencies and natural catastrophes, satellite communications technology is frequently utilized. Emergency communication services can be provided in disaster zones using mobile satellite equipment. Due to the commercialization of the worldwide space industry and the entry of new market participants, the 21st century has transformed the market dynamics of the global space industry and the growth of the global market.

For instance, Accion System will launch 2 TILE 2 space propulsion systems. It will fly on an Astro Digital micro-satellite, on June 2021 SpaceX, a rideshare flight. Tenzing, a ride-sharing satellite owned by Astro Digital, is home to numerous payloads.

In the future, communication satellites will have more capabilities such as large aperture to handle more bandwidth and more power. Their life span would increase to 20-30 years. Other technical innovations and low-cost reused launch vehicles will drive market growth. Electrical propulsion is a next-generation propulsion system and in that ion, propulsion has increased the market of the space industry. The development of electrical propulsion has increased the number of space launches and the idea of space tourism has come into the limelight by major market players.

For instance, IHI Aerospace announced in Aug. 2022, that OHB Sweden will receive 1N thrusters from them. The commercial satellite will be able to navigate because of the thrusters.

Space Propulsion Market Report Highlights

  • Non- Chemical propulsion type leads the market share during the forecast period with significant CAGR because of the low cost and increased safety of the aircraft.
  • Thrusters accounted for the highest revenue share accounting for their application in maneuvering and orbit control of satellites.
  • The high space budget, the large number of commercial space organizations and market participants in North America, and the sizeable space industry are all credited with the expansion.
  • The global market players include Accion Systems, Aerojet Rocketdyne, IHI Corporation, Blue Origin, and Northrop Grumman.

The publisher has segmented the space propulsion market report based on type, system, platform, end-use, and region:

Space Propulsion, Type Outlook (Revenue - USD Million, 2018 - 2030)

  • Chemical Propulsion
  • Non-Chemical

Space Propulsion, System Outlook (Revenue - USD Million, 2018 - 2030)

  • Thrusters
  • Propellant Feed System
  • Rocket Motors
  • Nozzles
  • Propulsion Thermal Control
  • Power processing units

Space Propulsion, Platform Outlook (Revenue - USD Million, 2018 - 2030)

  • Satellites
  • Capsules or Cargo
  • Interplanetary Spacecraft and Probes
  • Rovers and Spacecraft Lander
  • Launch Vehicles

Space Propulsion, End-Use Outlook (Revenue - USD Million, 2018 - 2030)

  • Commercial
  • Satellites Operators and Owners
  • Space Launch Service Provider
  • Government of Defense
  • Departments of Defense
  • National Space Agencies
  • Others

Space Propulsion, Regional Outlook (Revenue - USD Million, 2018 - 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Space Propulsion Market

What is the estimated value of the Space Propulsion Market?

The Space Propulsion Market was estimated to be valued at $7110.94 million in 2022.

What is the growth rate of the Space Propulsion Market?

The growth rate of the Space Propulsion Market is 15.5%, with an estimated value of $22536.23 million by 2030.

What is the forecasted size of the Space Propulsion Market?

The Space Propulsion Market is estimated to be worth $22536.23 million by 2030.

Who are the key companies in the Space Propulsion Market?

Key companies in the Space Propulsion Market include Accion Systems, Aerojet Rocketdyne Holdings, IHI Corporation, Blue Origin, Northrop Grumman Corporation, Space Exploration Technologies, Safran and Thales Alenia Space..

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Space Propulsion Market Insights
4.1. Space Propulsion - Industry Snapshot
4.2. Space Propulsion Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing demand for LEO-based services
4.2.1.2. Technological advancement in space propulsion
4.2.2. Restraints and Challenges
4.2.2.1. Concerns over space debris
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Space Propulsion Industry Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Space Propulsion Market, by System
5.1. Key Findings
5.2. Introduction
5.2.1. Global Space Propulsion Market, by System, 2018 - 2030 (USD Million)
5.3. Thrusters
5.3.1. Global Space Propulsion Market, by Thrusters, by Region, 2018 - 2030 (USD Million)
5.4. Propellant Feed System
5.4.1. Global Space Propulsion Market, by Propellant Feed System, by Region, 2018 - 2030 (USD Million)
5.5. Rocket Motors
5.5.1. Global Space Propulsion Market, by Rocket Motors, by Region, 2018 - 2030 (USD Million)
5.6. Nozzles
5.6.1. Global Space Propulsion Market, by Nozzles, by Region, 2018 - 2030 (USD Million)
5.7. Propulsion Thermal Control
5.7.1. Global Space Propulsion Market, by Propulsion Thermal Control, by Region, 2018 - 2030 (USD Million)
5.8. Power processing units
5.8.1. Global Space Propulsion Market, by Power processing units, by Region, 2018 - 2030 (USD Million)

6. Global Space Propulsion Market, by Platform
6.1. Key Findings
6.2. Introduction
6.2.1. Global Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
6.3. Satellites
6.3.1. Global Space Propulsion Market, by Satellites, by Region, 2018 - 2030 (USD Million)
6.4. Capsules or Cargo
6.4.1. Global Space Propulsion Market, by Capsules or Cargo, by Region, 2018 - 2030 (USD Million)
6.5. Interplanetary Spacecraft and Probes
6.5.1. Global Space Propulsion Market, by Interplanetary Spacecraft and Probes, by Region, 2018 - 2030 (USD Million)
6.6. Rovers and Spacecraft Landers
6.6.1. Global Space Propulsion Market, by Rovers and Spacecraft Landers, by Region, 2018 - 2030 (USD Million)
6.7. Launch Vehicles
6.7.1. Global Space Propulsion Market, by Launch Vehicles, by Region, 2018 - 2030 (USD Million)

7. Global Space Propulsion Market, by Type
7.1. Key Findings
7.2. Introduction
7.2.1. Global Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
7.3. Chemical Propulsion
7.3.1. Global Space Propulsion Market, by Chemical Propulsion, by Region, 2018 - 2030 (USD Million)
7.4. Non-Chemical
7.4.1. Global Space Propulsion Market, by Non-Chemical, by Region, 2018 - 2030 (USD Million)

8. Global Space Propulsion Market, by End-Use
8.1. Key Findings
8.2. Introduction
8.2.1. Global Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
8.3. Commercial
8.3.1. Global Space Propulsion Market, by Commercial, by Region, 2018 - 2030 (USD Million)
8.4. Satellites Operators and Owners
8.4.1. Global Space Propulsion Market, by Satellites Operators and Owners, by Region, 2018 - 2030 (USD Million)
8.5. Space Launch Service Provider
8.5.1. Global Space Propulsion Market, by Space Launch Service Provider, by Region, 2018 - 2030 (USD Million)
8.6. Government of Defense
8.6.1. Global Space Propulsion Market, by Government of Defense, by Region, 2018 - 2030 (USD Million)
8.7. Departments of Defense
8.7.1. Global Space Propulsion Market, by Departments of Defense, by Region, 2018 - 2030 (USD Million)
8.8. National Space Agencies
8.8.1. Global Space Propulsion Market, by National Space Agencies, by Region, 2018 - 2030 (USD Million)
8.9. Others
8.9.1. Global Other Space Propulsion Market, by Region, 2018 - 2030 (USD Million)

9. Global Space Propulsion Market, by Geography
9.1. Key findings
9.2. Introduction
9.2.1. Space Propulsion Market Assessment, By Geography, 2018 - 2030 (USD Million)
9.3. Space Propulsion Market - North America
9.3.1. North America: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.3.2. North America: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.3.3. North America: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.3.4. North America: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.3.5. Space Propulsion Market - U.S.
9.3.5.1. U.S.: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.3.5.2. U.S.: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.3.5.3. U.S.: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.3.5.4. U.S.: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.3.6. Space Propulsion Market - Canada
9.3.6.1. Canada: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.3.6.2. Canada: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.3.6.3. Canada: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.3.6.4. Canada: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.4. Space Propulsion Market - Europe
9.4.1. Europe: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.4.2. Europe: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.4.3. Europe: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.4.4. Europe: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.4.5. Space Propulsion Market - UK
9.4.5.1. UK: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.4.5.2. UK: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.4.5.3. UK: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.4.5.4. UK: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.4.6. Space Propulsion Market - France
9.4.6.1. France: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.4.6.2. France: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.4.6.3. France: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.4.6.4. France: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.4.7. Space Propulsion Market - Germany
9.4.7.1. Germany: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.4.7.2. Germany: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.4.7.3. Germany: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.4.7.4. Germany: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.4.8. Space Propulsion Market - Italy
9.4.8.1. Italy: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.4.8.2. Italy: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.4.8.3. Italy: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.4.8.4. Italy: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.4.9. Space Propulsion Market - Spain
9.4.9.1. Spain: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.4.9.2. Spain: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.4.9.3. Spain: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.4.9.4. Spain: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.4.10. Space Propulsion Market - Netherlands
9.4.10.1. Netherlands: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.4.10.2. Netherlands: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.4.10.3. Netherlands: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.4.10.4. Netherlands: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.4.11. Space Propulsion Market - Russia
9.4.11.1. Russia: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.4.11.2. Russia.: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.4.11.3. Russia: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.4.11.4. Russia: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.5. Space Propulsion Market - Asia Pacific
9.5.1. Asia Pacific: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.5.2. Asia Pacific: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.5.3. Asia Pacific: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.5.4. Asia Pacific: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.5.5. Space Propulsion Market - China
9.5.5.1. China: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.5.5.2. China.: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.5.5.3. China: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.5.5.4. China: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.5.6. Space Propulsion Market - India
9.5.6.1. India: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.5.6.2. India.: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.5.6.3. India: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.5.6.4. India: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.5.7. Space Propulsion Market - Japan
9.5.7.1. Japan: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.5.7.2. Japan.: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.5.7.3. Japan: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.5.7.4. Japan: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.5.8. Space Propulsion Market - Malaysia
9.5.8.1. Malaysia: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.5.8.2. Malaysia.: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.5.8.3. Malaysia: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.5.8.4. Malaysia: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.5.9. Space Propulsion Market - Indonesia
9.5.9.1. Indonesia: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.5.9.2. Indonesia.: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.5.9.3. Indonesia: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.5.9.4. Indonesia: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.5.10. Space Propulsion Market - South Korea
9.5.10.1. South Korea: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.5.10.2. South Korea.: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.5.10.3. South Korea: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.5.10.4. South Korea: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.6. Space Propulsion Market - Middle East & Africa
9.6.1. Middle East & Africa: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.6.2. Middle East & Africa: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.6.3. Middle East & Africa: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.6.4. Middle East & Africa: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.6.5. Space Propulsion Market - Saudi Arabia
9.6.5.1. Saudi Arabia: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.6.5.2. Saudi Arabia: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.6.5.3. Saudi Arabia: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.6.5.4. Saudi Arabia: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.6.6. Space Propulsion Market - South Africa
9.6.6.1. South Africa: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.6.6.2. South Africa: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.6.6.3. South Africa: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.6.6.4. South Africa: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.6.7. Space Propulsion Market - Israel
9.6.7.1. Israel: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.6.7.2. Israel: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.6.7.3. Israel: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.6.7.4. Israel: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.6.8. Space Propulsion Market - UAE
9.6.8.1. UAE: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.6.8.2. UAE: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.6.8.3. UAE: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.6.8.4. UAE: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.7. Space Propulsion Market - Latin America
9.7.1. Latin America: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.7.2. Latin America: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.7.3. Latin America: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.7.4. Latin America: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.7.5. Space Propulsion Market - Mexico
9.7.5.1. Mexico: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.7.5.2. Mexico: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.7.5.3. Mexico: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.7.5.4. Mexico: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.7.6. Space Propulsion Market - Brazil
9.7.6.1. Brazil: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.7.6.2. Brazil: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.7.6.3. Brazil: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.7.6.4. Brazil: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)
9.7.7. Space Propulsion Market - Argentina
9.7.7.1. Argentina: Space Propulsion Market, by System, 2018 - 2030 (USD Million)
9.7.7.2. Argentina: Space Propulsion Market, by End-Use, 2018 - 2030 (USD Million)
9.7.7.3. Argentina: Space Propulsion Market, by Platform, 2018 - 2030 (USD Million)
9.7.7.4. Argentina: Space Propulsion Market, by Type, 2018 - 2030 (USD Million)

10. Competitive Landscape
10.1. Expansion and Acquisition Analysis
10.1.1. Expansion
10.1.2. Acquisitions
10.2. Partnerships/Collaborations/Agreements/Exhibitions

11. Company Profiles
11.1. Accion Systems
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Recent Development
11.2. Aerojet Rocketdyne Holdings
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Benchmarking
11.2.4. Recent Development
11.3. IHI Corporation
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Benchmarking
11.3.4. Recent Development
11.4. Blue Origin
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Benchmarking
11.4.4. Recent Development
11.5. Northrop Grumman Corporation
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Benchmarking
11.5.4. Recent Development
11.6. Space Exploration Technologies
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Benchmarking
11.6.4. Recent Development
11.7. Safran
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Benchmarking
11.7.4. Recent Development
11.8. Airbus Se
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Benchmarking
11.8.4. Recent Development
11.9. Thales Alenia Space
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Benchmarking
11.9.4. Recent Development

Companies Mentioned

  • Accion Systems
  • Aerojet Rocketdyne Holdings
  • IHI Corporation
  • Blue Origin
  • Northrop Grumman Corporation
  • Space Exploration Technologies
  • Safran
  • Airbus Se
  • Thales Alenia Space.