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Global Space Propulsion Systems Market Share, Size, Growth, Analysis, Forecast: By Type: Chemical Propulsion, Non-Chemical Propulsion; By Class of Orbit: Elliptical, GEO, LEO, MEO; By End User: Civil and Earth Observation, Government and Military, Commercial; Regional Analysis; Market Dynamics; Competitive Landscape; 2023-2028
Global Space Propulsion Systems Market Outlook
The global space propulsion systems market would likely grow at a CAGR of 14.1% during 2023-2028. ‘Thrust’ drives a rocket through space and air. The rocket’s propulsion system generates thrust; different types of propulsion system create thrust in separate ways through the application of Newton's third law of motion. Asia, North America and Europe are likely to be important markets.
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Global Market Likely to be Driven by Developments in Space Activities
Majority of existing rocket engines employ risky chemical reactions to heat and quicken propellant to generate thrust. As reactive chemical propellants carry carcinogenic risks and are explosive in nature, their use is quite dangerous. Further, use of such propellants is expensive due to costs related to rising fuel prices and regulatory compliances. Modern solutions offer significantly faster electric propulsion at lower cost, and are capable of using ordinary tap water as propellant, providing a cheaper, cleaner, safer and more affordable alternative. For example, in 2022, it was reported that TransAstra Corporation was granted a patent on a solar-thermal rocket engine that was expected to revolutionize the satellite industry and contribute towards the growth of the global space economy. The Omnivore™ thruster powering Worker Bee space tugs marked a significant shift from current rocket propellant systems as it operated with several propellant types, including water, either independently or in combination, and was directly powered by the sun’s energy without expensive solar panels or electronics. Such solutions are likely to drive the global space propulsion systems market.
There has been a consistent increase in the variety and number of in-space propulsion devices for small spacecraft, and a rise in private and public investments in small spacecraft propulsion technologies.
Technological Advancements and Advantages Afforded Likely to Boost Market Growth
In 2022, it was reported that ISRO successfully tested a hybrid motor which could possibly lead to the development of a new propulsion system for upcoming launch vehicles. Tested at IPRC, Mahendragiri, Tamil Nadu, the 30 kN hybrid motor was stackable and scalable. Such developments are expected to boost the global space propulsion systems market.
Electric propulsion systems provide several benefits over chemical propulsion systems; these include high performance at low complexity; highest specific impulse (>3000s) offers >30% launch mass saving; narrow beam divergence; decreased power processing unit mass; large throttle range and adaptable to available electric power; robust design with a large domain of operational stability; incomparable high precision spacecraft control; excellent thrust stability and fast thrust response; ability for continuous thrust over several months or years; relatively safe.
Orbital Propulsion Centre (an arm of ArianeGroup) produces propulsion systems for a variety of international satellites and spacecraft. Applications of propulsion system include interplanetary spacecraft and probes, orbital satellites and spacecraft, control of re-entry vehicles, and others.
Market Segmentation
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By type, the market is segmented into:
- Chemical Propulsion
- Non-Chemical Propulsion
By class of orbit, the global space propulsion systems market is divided into:
- Elliptical
- GEO
- LEO
- MEO
By end user, the market is classified into:
- Civil and Earth Observation
- Government and Military
- Commercial
By region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Market
The report offers an extensive assessment of major players in the global Space Propulsion Systems market; it evaluates their capability, observes latest occurrences such as mergers and acquisitions, capacity expansions, and plant turnarounds:
- Northrop Grumman Corporation
- Safran S.A.
- Moog Inc.
- Rafael Advanced Defense Systems Ltd.
- IHI Corporation
- OHB System AG
- VACCO Industries Inc.
- Accion Systems Inc.
- Ariane Group
- CU Aerospace, L.L.C
- Others
Using SWOT analysis and Porter’s Five Forces model, the EMR report offers deep insights into the industry.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Class of Orbit |
|
| Breakup by End User |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Space Propulsion Systems Market Analysis
8.1 Key Industry Highlights
8.2 Global Space Propulsion Systems Historical Market (2018-2022)
8.3 Global Space Propulsion Systems Market Forecast (2023-2028)
8.4 Global Space Propulsion Systems Market by Type
8.4.1 Chemical Propulsion
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Non-Chemical Propulsion
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Space Propulsion Systems Market by Class of Orbit
8.5.1 Elliptical
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 GEO
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 LEO
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 MEO
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.6 Global Space Propulsion Systems Market by End User
8.6.1 Civil and Earth Observation
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Government and Military
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Commercial
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.7 Global Space Propulsion Systems Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Industrial Alcohol Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Industrial Alcohol Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 Russia
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 France
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Italy
10.5.1 Market Share
10.5.2 Historical Trend (2018-2022)
10.5.3 Forecast Trend (2023-2028)
10.6 Others
11 Asia Pacific Industrial Alcohol Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 South Korea
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Industrial Alcohol Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Mexico
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Others
13 Middle East and Africa Industrial Alcohol Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 Israel
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 South Africa
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Northrop Grumman Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Safran S.A.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Moog Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Rafael Advanced Defense Systems Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 IHI Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 OHB System AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 VACCO Industries Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Accion Systems Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Ariane Group
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 CU Aerospace, L.L.C
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Industry Events and Developments
List of Figures and Tables
1. Global Space Propulsion Systems Market: Key Industry Highlights, 2018 and 2028
2. Global Space Propulsion Systems Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Space Propulsion Systems Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Space Propulsion Systems Historical Market: Breakup by Class of Orbit (USD Million), 2018-2022
5. Global Space Propulsion Systems Market Forecast: Breakup by Class of Orbit (USD Million), 2023-2028
6. Global Space Propulsion Systems Historical Market: Breakup by End User (USD Million), 2018-2022
7. Global Space Propulsion Systems Market Forecast: Breakup by End User (USD Million), 2023-2028
8. Global Space Propulsion Systems Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Space Propulsion Systems Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Space Propulsion Systems Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Space Propulsion Systems Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Space Propulsion Systems Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Space Propulsion Systems Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Space Propulsion Systems Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Space Propulsion Systems Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Space Propulsion Systems Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Space Propulsion Systems Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Space Propulsion Systems Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Space Propulsion Systems Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Space Propulsion Systems Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 14.1% between 2023 and 2028.
The major drivers of the market are increase in satellite launches and growing use of satellite-based systems for navigation and sensing.
The key trends guiding the growth of the market include increasing investments of various governments in space research, rising use of reusable launch vehicles, and the growing space industry.
The major regions in the space propulsion systems market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Chemical propulsion and non-chemical propulsion are the different types of space propulsion systems in the market.
Elliptical, GEO, LEO, and MEO are the various classes of orbits of space propulsion systems in the market.
End users of space propulsion systems are civil and earth observation, government and military, and commercial.
A space propulsion system is a technology that is used to help change the trajectory or velocity of a spacecraft.
Space propulsion systems find applications in launching a spacecraft in orbit, propelling spacecrafts in other directions, and adjusting the orbit of a spacecraft.
The major players in the market are Northrop Grumman Corporation, Safran S.A., Moog Inc., Rafael Advanced Defense Systems Ltd., IHI Corporation, OHB System AG, VACCO Industries Inc., Accion Systems Inc., Ariane Group, and CU Aerospace, L.L.C, among others.
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