Space Propulsion System Market Trends, Revenue, Key Players, Growth, Share

1. Space Propulsion System Market Report 2020-2028 www.emergenresearch.com Rising emphasis on decreasing costs associated with space missions is a significant factor driving global space propulsion system market revenue growth

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5. Market Summary The global space propulsion system market size is expected to reach 19.97 billion in 2028 and register a revenue CAGR of 14.6% in 2028, according to latest analysis by Emergen Research. Market revenue growth can be attributed to increasing emphasis on decreasing costs associated with space missions. Space propulsion system, particularly non-chemical propulsion, enables mass reduction of satellites and other spacecraft, resulting in reduced cost of launching a specific mission or launch of more advanced and efficient spacecraft for a particular mass. Airbus Defense and Space is utilizing electric space propulsion systems for the purpose of orbital station keeping for over a decade and is focusing on construction of large satellites, deploying only electric space propulsion systems for initial orbit raising. Increasing investments in space exploration and rising number of space exploration missions are driving growth of the space propulsion market. For instance, in 2019, the institution of US Air Force’s separate branch of armed services, the Space Force, announced that global space economy will generate USD 1.0 trillion to USD 1.5 trillion by 2040. www.emergenresearch.com

6. Market Summary • Some Key Highlights From the Report • In October 2021, NASA made an announcement about signing contracts with MagniX USA Inc. of Redmond and GE Aviation (GE) of Cincinnati for supporting Electric Powertrain Flight Demonstration (EPFD). It will mature Electrified Aircraft Propulsion (EAP) technologies at a fast pace through ground and flight demonstrations. NASA is aiming to introduce EAP technologies to U.S. aviation fleets by 2035. • By spacecraft type, rovers segment is expected to register significantly steady revenue CAGR over the forecast period. Rovers can examine more terrain, progress knowledge about performance of remote robotic vehicle control, and are capable of automatically placing themselves in areas where there is sunlight. • Major companies profiled in the market report include Space Exploration Technologies Corporation, Safran SA, Lockheed Martin Corporation, Aerojet Rocketdyne Holdings Inc., Thales Alenia Space, Moog Inc., IHI Corporation, OHB SE, Northrop Grumman Corporation, and Sierra Nevada Corporation. • Request Free Sample Copy@https://www.emergenresearch.com/request-sample/837 www.emergenresearch.com

7. Market Summary • Emergen Research has segmented global space propulsion system market on the basis of component, spacecraft type, propulsion type, orbital path, end-use, and region: • Component Outlook (Revenue, USD Billion; 2018–2028) • Thrusters • Rocket Motors • Propellant Feed Systems • Propulsion Thermal Control • Nozzles • Power Processing Units • Others • Spacecraft Type Outlook (Revenue, USD Billion; 2018–2028) • Satellites • Capsules • Rovers • Interplanetary Spacecraft & Probes • Launch Vehicles • Read More@https://www.emergenresearch.com/industry-report/space-propulsion-system-market

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