Space Propulsion Systems Market
PUBLISHED: 2019 ID: SMRC18630
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Space Propulsion Systems Market

Space Propulsion Systems - Global Market Outlook (2018-2027)

4.6 (72 reviews)
4.6 (72 reviews)
Published: 2019 ID: SMRC18630

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Space Propulsion Systems Market is accounted for $5.73 billion in 2018 and is expected to reach $20.25 billion by 2027 growing at a CAGR of 15.1% during the forecast period. Demand for low-cost small satellites and development of reusable space launch vehicles are the major factors driving the market growth. However, High cost involved in the development of space propulsion system may hinder the growth of the market.

Spacecraft propulsion is any method used to accelerate spacecraft and artificial satellites. Space propulsion or in-space propulsion exclusively deals with propulsion systems used in the vacuum of space and should not be confused with launch vehicles. Several methods, both pragmatic and hypothetical, have been developed each having its own drawbacks and advantages. Most satellites have simple reliable chemical thrusters (often monopropellant rockets) or resist jet rockets for orbital station-keeping and some use momentum wheels for attitude control.

Based on Type, the Launch Vehicle segment is projected to lead the propulsion systems market during the forecast period due to increasing air travel and growing need for global connectivity. Ever-increasing need for lightweight aircraft engines that offer high fuel efficiency and durability to withstand severe climatic conditions, provide optimum thrust output, and require less maintenance schedules with short turnaround time is expected to fuel the growth of the aircraft segment of the market.

By geography, North America is going to have a lucrative growth during the forecast period. Economic growth, expansion of the commercial & military aviation, and increase in the number of space expeditions are factors driving the growth of the North America propulsion systems market. Moreover, growth of the North America propulsion systems market can mainly be attributed to the rising number of military modernization programs, which emphasize on increased procurement of manned and unmanned aircraft, helicopters, and ground vehicles.

Some of the key players in Space Propulsion Systems market include Accion Systems Inc, Aerojet Rocketdyne, Avio SpA, Satellite Propulsion System Market Blue Origin, IHI Corporation, Moog Inc, Northrop Grumman Corporation, OHB SE, Safran, Sierra Nevada Corporation, Space Exploration Technologies Corp and Yuzhnoye SDO.
                   
Types Covered:
• Satellite
• Launch Vehicle

Applications Covered:
• Space Simulation
• Rocket Launch
• Other Applications

End Users Covered:
• Commercial
• Government & Military

Regions Covered
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America          
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

 What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements.

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
         
2 Preface 
       
 2.1 Abstract       
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology     
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions     
         
3 Market Trend Analysis      
 3.1 Introduction       
 3.2 Drivers       
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats       
 3.6 Application Analysis     
 3.7 End User Analysis      
 3.8 Emerging Markets      
 3.9 Futuristic Market Scenario     
         
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry      
         
5 Global Space Propulsion Systems Market, By Type     

 5.1 Introduction      
 5.2 Satellite       
  5.2.1 Chemical Propulsion Systems    
   5.2.1.1 Monopropellant Chemical Propulsion System 
   5.2.1.2 Bipropellant Chemical Propulsion System 
  5.2.2 Electric Propulsion Systems    
   5.2.2.1 Ion Electric Propulsion System   
   5.2.2.2 Hall Effect Electric Propulsion System  
   5.2.2.3 Pulsed Plasma Electric Propulsion System 
   5.2.2.4 Other Electric Propulsion System  
  5.2.3 Hybrid Propulsion System    
 5.3 Launch Vehicle      
  5.3.1 Hybrid Propulsion System    
  5.3.2 Liquid Propulsion System    
  5.3.3 Solid Propulsion System    
         
6 Global Space Propulsion Systems Market, By Application   
 6.1 Introduction      
 6.2 Space Simulation      
 6.3 Rocket Launch       
 6.4 Other Applications      
         
7 Global Space Propulsion Systems Market, By End User   
 7.1 Introduction      
 7.2 Commercial      
 7.3 Government & Military     
         
8 Global Space Propulsion Systems Market, By Geography   
 8.1 Introduction      
 8.2 North America      
  8.2.1 US      
  8.2.2 Canada      
  8.2.3 Mexico      
 8.3 Europe       
  8.3.1 Germany      
  8.3.2 UK      
  8.3.3 Italy      
  8.3.4 France      
  8.3.5 Spain      
  8.3.6 Rest of Europe     
 8.4 Asia Pacific      
  8.4.1 Japan      
  8.4.2 China      
  8.4.3 India      
  8.4.4 Australia      
  8.4.5 New Zealand     
  8.4.6 South Korea     
  8.4.7 Rest of Asia Pacific     
 8.5 South America      
  8.5.1 Argentina      
  8.5.2 Brazil      
  8.5.3 Chile      
  8.5.4 Rest of South America    
 8.6 Middle East & Africa     
  8.6.1 Saudi Arabia     
  8.6.2 UAE      
  8.6.3 Qatar      
  8.6.4 South Africa     
  8.6.5 Rest of Middle East & Africa    
          
9 Key Developments       
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 9.2 Acquisitions & Mergers     
 9.3 New Product Launch     
 9.4 Expansions      
 9.5 Other Key Strategies     
         
10 Company Profiling        
 10.1 Accion Systems Inc      
 10.2 Aerojet Rocketdyne      
 10.3 Avio SpA       
 10.4 Blue Origin      
 10.5 IHI Corporation      
 10.6 Moog Inc       
 10.7 Northrop Grumman Corporation    
 10.8 OHB SE       
 10.9 Safran       
 10.10 Sierra Nevada Corporation     
 10.11 Space Exploration Technologies Corp    
 10.12 Yuzhnoye SDO      


List of Tables        
1 Global Space Propulsion Systems Market Outlook, By Region (2017-2027) (US $MN) 
2 Global Space Propulsion Systems Market Outlook, By Type (2017-2027) (US $MN)  
3 Global Space Propulsion Systems Market Outlook, By Satellite (2017-2027) (US $MN) 
4 Global Space Propulsion Systems Market Outlook, By Chemical Propulsion Systems (2017-2027) (US $MN)
5 Global Space Propulsion Systems Market Outlook, By Electric Propulsion Systems (2017-2027) (US $MN)
6 Global Space Propulsion Systems Market Outlook, By Hybrid Propulsion System (2017-2027) (US $MN)
7 Global Space Propulsion Systems Market Outlook, By Launch Vehicle (2017-2027) (US $MN) 
8 Global Space Propulsion Systems Market Outlook, By Hybrid Propulsion System (2017-2027) (US $MN)
9 Global Space Propulsion Systems Market Outlook, By Liquid Propulsion System (2017-2027) (US $MN)
10 Global Space Propulsion Systems Market Outlook, By Solid Propulsion System (2017-2027) (US $MN)
11 Global Space Propulsion Systems Market Outlook, By Application (2017-2027) (US $MN) 
12 Global Space Propulsion Systems Market Outlook, By Space Simulation (2017-2027) (US $MN)
13 Global Space Propulsion Systems Market Outlook, By Rocket Launch (2017-2027) (US $MN) 
14 Global Space Propulsion Systems Market Outlook, By Other Applications (2017-2027) (US $MN)
15 Global Space Propulsion Systems Market Outlook, By End User (2017-2027) (US $MN) 
16 Global Space Propulsion Systems Market Outlook, By Commercial (2017-2027) (US $MN) 
17 Global Space Propulsion Systems Market Outlook, By Government & Military (2017-2027) (US $MN)
18 North America Space Propulsion Systems Market Outlook, By Country (2017-2027) (US $MN) 
19 North America Space Propulsion Systems Market Outlook, By Type (2017-2027) (US $MN) 
20 North America Space Propulsion Systems Market Outlook, By Satellite (2017-2027) (US $MN) 
21 North America Space Propulsion Systems Market Outlook, By Chemical Propulsion Systems (2017-2027) (US $MN)
22 North America Space Propulsion Systems Market Outlook, By Electric Propulsion Systems (2017-2027) (US $MN)
23 North America Space Propulsion Systems Market Outlook, By Hybrid Propulsion System (2017-2027) (US $MN)
24 North America Space Propulsion Systems Market Outlook, By Launch Vehicle (2017-2027) (US $MN)
25 North America Space Propulsion Systems Market Outlook, By Hybrid Propulsion System (2017-2027) (US $MN)
26 North America Space Propulsion Systems Market Outlook, By Liquid Propulsion System (2017-2027) (US $MN)
27 North America Space Propulsion Systems Market Outlook, By Solid Propulsion System (2017-2027) (US $MN)
28 North America Space Propulsion Systems Market Outlook, By Application (2017-2027) (US $MN)
29 North America Space Propulsion Systems Market Outlook, By Space Simulation (2017-2027) (US $MN)
30 North America Space Propulsion Systems Market Outlook, By Rocket Launch (2017-2027) (US $MN)
31 North America Space Propulsion Systems Market Outlook, By Other Applications (2017-2027) (US $MN)
32 North America Space Propulsion Systems Market Outlook, By End User (2017-2027) (US $MN) 
33 North America Space Propulsion Systems Market Outlook, By Commercial (2017-2027) (US $MN)
34 North America Space Propulsion Systems Market Outlook, By Government & Military (2017-2027) (US $MN)
35 Europe Space Propulsion Systems Market Outlook, By Country (2017-2027) (US $MN) 
36 Europe Space Propulsion Systems Market Outlook, By Type (2017-2027) (US $MN)  
37 Europe Space Propulsion Systems Market Outlook, By Satellite (2017-2027) (US $MN) 
38 Europe Space Propulsion Systems Market Outlook, By Chemical Propulsion Systems (2017-2027) (US $MN)
39 Europe Space Propulsion Systems Market Outlook, By Electric Propulsion Systems (2017-2027) (US $MN)
40 Europe Space Propulsion Systems Market Outlook, By Hybrid Propulsion System (2017-2027) (US $MN)
41 Europe Space Propulsion Systems Market Outlook, By Launch Vehicle (2017-2027) (US $MN)  
42 Europe Space Propulsion Systems Market Outlook, By Hybrid Propulsion System (2017-2027) (US $MN)
43 Europe Space Propulsion Systems Market Outlook, By Liquid Propulsion System (2017-2027) (US $MN)
44 Europe Space Propulsion Systems Market Outlook, By Solid Propulsion System (2017-2027) (US $MN)
45 Europe Space Propulsion Systems Market Outlook, By Application (2017-2027) (US $MN) 
46 Europe Space Propulsion Systems Market Outlook, By Space Simulation (2017-2027) (US $MN)
47 Europe Space Propulsion Systems Market Outlook, By Rocket Launch (2017-2027) (US $MN) 
48 Europe Space Propulsion Systems Market Outlook, By Other Applications (2017-2027) (US $MN)
49 Europe Space Propulsion Systems Market Outlook, By End User (2017-2027) (US $MN) 
50 Europe Space Propulsion Systems Market Outlook, By Commercial (2017-2027) (US $MN) 
51 Europe Space Propulsion Systems Market Outlook, By Government & Military (2017-2027) (US $MN)
52 Asia Pacific Space Propulsion Systems Market Outlook, By Country (2017-2027) (US $MN) 
53 Asia Pacific Space Propulsion Systems Market Outlook, By Type (2017-2027) (US $MN) 
54 Asia Pacific Space Propulsion Systems Market Outlook, By Satellite (2017-2027) (US $MN) 
55 Asia Pacific Space Propulsion Systems Market Outlook, By Chemical Propulsion Systems (2017-2027) (US $MN)
56 Asia Pacific Space Propulsion Systems Market Outlook, By Electric Propulsion Systems (2017-2027) (US $MN)
57 Asia Pacific Space Propulsion Systems Market Outlook, By Hybrid Propulsion System (2017-2027) (US $MN)
58 Asia Pacific Space Propulsion Systems Market Outlook, By Launch Vehicle (2017-2027) (US $MN)
59 Asia Pacific Space Propulsion Systems Market Outlook, By Hybrid Propulsion System (2017-2027) (US $MN)
60 Asia Pacific Space Propulsion Systems Market Outlook, By Liquid Propulsion System (2017-2027) (US $MN)
61 Asia Pacific Space Propulsion Systems Market Outlook, By Solid Propulsion System (2017-2027) (US $MN)
62 Asia Pacific Space Propulsion Systems Market Outlook, By Application (2017-2027) (US $MN) 
63 Asia Pacific Space Propulsion Systems Market Outlook, By Space Simulation (2017-2027) (US $MN)
64 Asia Pacific Space Propulsion Systems Market Outlook, By Rocket Launch (2017-2027) (US $MN)
65 Asia Pacific Space Propulsion Systems Market Outlook, By Other Applications (2017-2027) (US $MN)
66 Asia Pacific Space Propulsion Systems Market Outlook, By End User (2017-2027) (US $MN) 
67 Asia Pacific Space Propulsion Systems Market Outlook, By Commercial (2017-2027) (US $MN) 
68 Asia Pacific Space Propulsion Systems Market Outlook, By Government & Military (2017-2027) (US $MN)
69 South America Space Propulsion Systems Market Outlook, By Country (2017-2027) (US $MN) 
70 South America Space Propulsion Systems Market Outlook, By Type (2017-2027) (US $MN) 
71 South America Space Propulsion Systems Market Outlook, By Satellite (2017-2027) (US $MN) 
72 South America Space Propulsion Systems Market Outlook, By Chemical Propulsion Systems (2017-2027) (US $MN)
73 South America Space Propulsion Systems Market Outlook, By Electric Propulsion Systems (2017-2027) (US $MN)
74 South America Space Propulsion Systems Market Outlook, By Hybrid Propulsion System (2017-2027) (US $MN)
75 South America Space Propulsion Systems Market Outlook, By Launch Vehicle (2017-2027) (US $MN)
76 South America Space Propulsion Systems Market Outlook, By Hybrid Propulsion System (2017-2027) (US $MN)
77 South America Space Propulsion Systems Market Outlook, By Liquid Propulsion System (2017-2027) (US $MN)
78 South America Space Propulsion Systems Market Outlook, By Solid Propulsion System (2017-2027) (US $MN)
79 South America Space Propulsion Systems Market Outlook, By Application (2017-2027) (US $MN)
80 South America Space Propulsion Systems Market Outlook, By Space Simulation (2017-2027) (US $MN)
81 South America Space Propulsion Systems Market Outlook, By Rocket Launch (2017-2027) (US $MN)
82 South America Space Propulsion Systems Market Outlook, By Other Applications (2017-2027) (US $MN)
83 South America Space Propulsion Systems Market Outlook, By End User (2017-2027) (US $MN) 
84 South America Space Propulsion Systems Market Outlook, By Commercial (2017-2027) (US $MN)
85 South America Space Propulsion Systems Market Outlook, By Government & Military (2017-2027) (US $MN)
86 Middle East & Africa Space Propulsion Systems Market Outlook, By Country (2017-2027) (US $MN)
87 Middle East & Africa Space Propulsion Systems Market Outlook, By Type (2017-2027) (US $MN)
88 Middle East & Africa Space Propulsion Systems Market Outlook, By Satellite (2017-2027) (US $MN)
89 Middle East & Africa Space Propulsion Systems Market Outlook, By Chemical Propulsion Systems (2017-2027) (US $MN)
90 Middle East & Africa Space Propulsion Systems Market Outlook, By Electric Propulsion Systems (2017-2027) (US $MN)
91 Middle East & Africa Space Propulsion Systems Market Outlook, By Hybrid Propulsion System (2017-2027) (US $MN)
92 Middle East & Africa Space Propulsion Systems Market Outlook, By Launch Vehicle (2017-2027) (US $MN)
93 Middle East & Africa Space Propulsion Systems Market Outlook, By Hybrid Propulsion System (2017-2027) (US $MN)
94 Middle East & Africa Space Propulsion Systems Market Outlook, By Liquid Propulsion System (2017-2027) (US $MN)
95 Middle East & Africa Space Propulsion Systems Market Outlook, By Solid Propulsion System (2017-2027) (US $MN)
96 Middle East & Africa Space Propulsion Systems Market Outlook, By Application (2017-2027) (US $MN)
97 Middle East & Africa Space Propulsion Systems Market Outlook, By Space Simulation (2017-2027) (US $MN)
98 Middle East & Africa Space Propulsion Systems Market Outlook, By Rocket Launch (2017-2027) (US $MN)
99 Middle East & Africa Space Propulsion Systems Market Outlook, By Other Applications (2017-2027) (US $MN)
100 Middle East & Africa Space Propulsion Systems Market Outlook, By End User (2017-2027) (US $MN)
101 Middle East & Africa Space Propulsion Systems Market Outlook, By Commercial (2017-2027) (US $MN)
102 Middle East & Africa Space Propulsion Systems Market Outlook, By Government & Military (2017-2027) (US $MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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