The research study conducted by Report Ocean on the “ Space Propulsion Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Space Propulsion Market is valued approximately USD 5.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.7 % over the forecast period 2020-2027. Spacecraft propulsion is any device which is used to propel spacecraft and artificial satellites. Space propulsion or in-space propulsion is solely concerned with the space vacuum propulsion systems used and should not be confused with the launch vehicles. The market is driven by Government and private sector projects, Demand for low-cost small satellites and reusable space launch vehicle production.
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The key players of global Space propulsion market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. For instance, In May 2020, Aerojet Rocketdyne supplied the dual chemical and electric propulsion systems for NASA’s Double Asteroid Redirection Test (DART) to the Johns Hopkins Applied Physics Laboratory (APL). However, government policies directly or indirectly impact the growth of the small satellite environment and industry at the national and international levels. Moreover, The US government is investing in every aspect of the small-sat ecosystem and is expected to continue investing in the upstream and downstream sectors. In many countries , government spending, generally in R&D and start-ups, is seen not only as a way of addressing societal problems, but also as a way of promoting independence from imports and ultimately becoming a global provider of solutions across multiple sectors, including space. Many governments also understand that, like the one in the US, they do not have a well-developed venture sector and thus provide funds for venture capital ( VC).
The regional analysis of global Space Propulsion Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of Demand for low-cost small satellites and reusable space launch vehicle production. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such Government and private sector projects would create lucrative growth prospects for the Space Propulsion Market across Asia-Pacific region.
Major market player included in this report are:
OHB SE
ACCION SYSTEM
BOEING
NORTHROP GRUMMAN CORPORATION
MAXAR TECHNOLOGIES
THALES ALENIA SPACE
AIRBUS DEFENSE AND SPACE
VACCO INDUSTRIES
MOOG INC
COBHAM MISSION SYSTEMS WIMBORNE LIMITED
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Platform:
Satellites
Capsules\Cargos
Interplanetary Spacecraft & Probes
Rovers/Spacecraft Landers
Launch Vehicles
By System Component:
Chemical Propulsion Thrusters
Electric Propulsion Thrusters
Propellant Feed Systems
Rocket Motors
Nozzles
Propulsion Thermal Control
Power Processing Units
Others
By Propulsion Type:
Chemical Propulsion
Non-chemical Propulsion
By End user:
Commercial
Government & Defense
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
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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