Space Propulsion System Market 2028 Type, Component, Platform and Geography | The Insight Partners

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Space Propulsion System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Chemical Propulsion, Non-chemical Propulsion); Component (Thrusters, Propellant Feed System, Nozzle); Platform (Satellite, Launch Vehicle) and Geography

Report Code: TIPRE00017105 | No. of Pages: 150 | Category: Aerospace and Defense | Status: Upcoming


The global market for space propulsion systems is gaining widespread significance as commercial space companies and space agencies are growing their efforts to develop more powerful, less toxic and improved space propulsion systems in order to contribute to the substantial growth of the market for space propulsion systems. Different factors are driving the market, such as an increase in the number of space exploration missions, the demand for LEO-based services and the growing development of advanced electric propulsion technology. From 2020 to 2019, the space propulsion industry faced a small decline due to a drop space launches count figures. In the space industry, COVID-19 has also influenced import and export trade activities. The anticipated increase in space launches from 2021 and beyond would however, push the market for space propulsion. The space propulsion system market is has been consistently growing since the past years and is expected to boost in coming years.


Increase in the number of missions for space exploration and technological advancements in space propulsion is driving the growth of the space propulsion system market. However, issue related to strict government policies may restrain the growth of the space propulsion system market. Furthermore, the new project initiatives including expansions is further anticipated to create market opportunities for the space propulsion system market during the forecast period.


The "Global Space Propulsion System Market Analysis to 2028" is a specialized and in-depth study of the space propulsion system market with a special focus on the global market trend analysis. The report aims to provide an overview of space propulsion system market with detailed market segmentation by aircraft type, component, application, and geography. The global space propulsion system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading space propulsion system market players and offers key trends and opportunities in the space propulsion system market.


The global space propulsion system market is segmented on the basis of type, component and platform. On the basis of type, the market is segmented as chemical propulsion, non-chemical propulsion. Similarly, on the basis of component, the market is segmented as thrusters, propellant feed system, and nozzle. Further based on platform, market is segmented as satellite and Launch Vehicle.


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global space propulsion system market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The space propulsion system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting space propulsion system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter’s five forces analysis highlighting factors affecting the space propulsion system market in these regions.

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The reports cover key developments in the space propulsion system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from space propulsion system market are anticipated to lucrative growth opportunities in the future with the rising demand for space propulsion system market. Below mentioned is the list of few companies engaged in the space propulsion system market.

The report also includes the profiles of key space propulsion system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

  •  Accion Systems
  •  Aerojet Rocketdyne
  •  Airbus S.A.S.
  •  ArianeGroup GmbH
  •  IHI AEROSPACE Co., Ltd.
  •  Lockheed Martin Corporation
  •  Northrop Grumman Corporation
  •  Safran
  •  Space Exploration Technologies Corp. (SpaceX)

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

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The List of Companies

1. Accion Systems
2. Aerojet Rocketdyne
3. Airbus S.A.S.
4. ArianeGroup GmbH
7. Lockheed Martin Corporation
8. Northrop Grumman Corporation
9. Safran
10. Space Exploration Technologies Corp. (SpaceX)
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