Global Space Propulsion Market Research Report 2021-2026
Bharat Book Bureau Provides the Trending Market Research Report on “Space Propulsion Market by Type (Chemical Propulsion, Non-Chemical Propulsion), System Component (Thrusters, Propellant Feed System, Nozzle), Platform (Satellite, Launch Vehicle), Orbit, End User, Orbit, Support Service, Region - Global Forecast to 2026”under Defence Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
The Space Propulsion Market is projected to grow from USD 8.3 billion in 2021 to USD 22.5 billion by 2026, at a CAGR of 22.1% from 2021 to 2026. Developed economies of North America and Europe are currently the leaders in the market, considering the strong presence of OEMs in these regions, while emerging economies, especially those from the Asia Pacific region, are projected to be the upcoming major markets for space propulsion systems.
Conventionally, access to space has been extremely costly. But prices continue to fall with each passing decade as new technologies are created and the sector becomes more commercialized. SpaceX, for instance, has demonstrated the capability of reusable rockets. Other advances in the future may involve lighter materials, the use of inflatable modules, new fuel types, space planes, and/or more efficient engines.
This report categories space propulsion based on propulsion type as chemical propulsion technologies such as solid, liquid, hybrid, and cold gas propulsion and non-chemical propulsion technologies such as electric, solar, nuclear, and laser propulsions. Based components used in space propulsion systems, this report studies thrusters, propellant feed systems, rocket motors, nozzles, reactors, propulsion thermal control, and power processing units (PPU).
Also covers space propulsion market comprising chemical and non-chemical propulsions across government & military and commercial end users. Based on orbit, the report is categorized into low Earth orbit (LEO), medium Earth orbit (MEO), geostationary or geosynchronous Earth orbit (GEO), and beyond geosynchronous orbit. Furthermore, by region, covers North America, Europe, Asia Pacific, South America and Middle East &Africa.
Based on component systems used in space propulsion systems, this report studies thrusters, propellant feed systems, rocket motors, nozzles, reactors, propulsion thermal control, and power processing units (PPU). By system component, the thrusters segment is projected to lead the space propulsion market during the forecast period. Thrusters are extensively used for maneuvering and orbit control of satellites.
Based on propulsion type, report is categorized as chemical propulsion technologies, which include solid, liquid, hybrid, and cold gas propulsion and non-chemical propulsion technologies such as electric, solar, nuclear, and laser propulsions. By propulsion type, the non-chemical propulsion segment is projected to lead the space propulsion market during the forecast period. The demand for low-cost and reusable space propulsion systems is fueling the growth of the non-chemical propulsion segment.
By platform, the satellites segment is projected to lead the space propulsion market and have the highest CAGR during the forecast period due to the increasing small satellite launches for commercial and government applications and the adoption of advanced technology in small satellites and CubeSats
Based on end use segment, this research report covers space propulsion market comprising chemical and non-chemical propulsions across government & defense and commercial end users. Based on end users, Government & defense sub-segment would have the highest market share during the forecast period. The growth of this segment can be attributed to the increasing number of space exploration missions and the rising budgets for space exploration.
Browse our full report with Table of Content : https://www.bharatbook.com/report/1342413/space-propulsion-market-by-type-chemical-propulsion-non-chemical-propulsion-system-component-thrusters-propellant-feed-system-nozzle-platform-satellite-launch-vehicle-orbit-end-user-orbit-support-service-region-global-forecast-to
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