PUBLISHER: Lucintel | PRODUCT CODE: 1356750
PUBLISHER: Lucintel | PRODUCT CODE: 1356750
Space Propulsion Trends and Forecast
The future of the global space propulsion market looks promising with opportunities in the government and military and commercial markets. The global space propulsion market is expected to reach an estimated $21.2 billion by 2030 with a CAGR of 11.0% from 2024 to 2030. The major drivers for this market are increase in number of space exploration missions, growing demand for satellite data, and introduction of the next-generation propulsion systems like electric propulsion system.
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Space Propulsion by Segment
The study includes a forecast for the global space propulsion by platform, system component, orbit, end use industry, and region.
Space Propulsion Market by Platform [Shipment Analysis by Value from 2018 to 2030]:
Space Propulsion Market by System Component [Shipment Analysis by Value from 2018 to 2030]:
Space Propulsion Market by Orbit [Shipment Analysis by Value from 2018 to 2030]:
Space Propulsion Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
Space Propulsion Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Space Propulsion Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies space propulsion companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the space propulsion companies profiled in this report include-
Space Propulsion Market Insights
Lucintel forecasts that rovers/ spacecraft landers is expected to witness highest growth over the forecast period.
Within this market, government and military will remain the largest segment.
Asia Pacific is expected to witness highest growth over the forecast period.
Features of the Global Space Propulsion Market
Market Size Estimates: Space propulsion market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Space propulsion market by various segments, such as by platform , system component , orbit, end use industry, and region. in terms of($B).
Regional Analysis: Space propulsion market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different platforms, system components, orbits, end use industries, and region.s for the space propulsion market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the space propulsion market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1. What is the space propulsion market size?
Answer: The global space propulsion market is expected to reach an estimated $21.2 billion by 2030.
Q.2. What is the growth forecast for space propulsion market?
Answer: The global space propulsion market is expected to grow with a CAGR of 11.0% from 2024 to 2030.
Q.3. What are the major drivers influencing the growth of the space propulsion market?
Answer: The major drivers for this market are increase in number of space exploration missions, growing demand for satellite data, and introduction of the next-generation propulsion systems like electric propulsion system.
Q.4. What are the major segments for space propulsion market?
Answer: The future of the space propulsion market looks promising with opportunities in the government and military and commercial markets.
Q.5. Who are the key space propulsion market companies?
Answer: Some of the key space propulsion companies are as follows:
Q.6. Which space propulsion market segment will be the largest in future?
Answer: Lucintel forecasts that rovers/ spacecraft landers is expected to witness highest growth over the forecast period.
Q.7. In space propulsion market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.