Global $5.63 Bn Space Propulsion System Market, 2018-2019 & 2023 – Ongoing Developments for Nano Material based Space Propulsion System & Propulsion System Manufactured through 3D Printing
PR Newswire
DUBLIN, Feb. 26, 2019
DUBLIN, Feb. 26, 2019 /PRNewswire/ —
The “Global Space Propulsion System Market: Focus on Application, Type, and End-User – Analysis and Forecast, 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The global space propulsion system market generated $5.63 billion in 2018 and is estimated to grow at a CAGR of 13.06% during 2018-2023.
In recent times, the space industry has been witnessing various initiatives by space organizations and governments of various countries, together with entrepreneurs. The space industry is currently driven by a series of missions, which are utilizing resources to create value and benefit society, globally, in terms of understanding, exploring, researching, managing, and utilizing space. Presently, the space industry includes a collection of critical technologies such as communication, remote sensing, and global positioning satellites. Space activities were a government dominated sector, however, the initiatives from both the government and the private sectors are expanding the opportunities for various nations in developing cutting edge space technologies.
The space propulsion system includes engine, propellants, pumps, nozzles, tanks, and power head. The primary function of the space propulsion system is to provide thrust, which helps in the functioning of the launch vehicle or satellite. In propulsion systems, the fluid (either solid, liquid, or electric) reacts to initiate acceleration and provide force in the system.
The space propulsion systems can be summarized in three categories: namely, “escape propulsion” which is used in the launch vehicle to escape the earth surface; “in-space propulsion” which is equipped in the satellites for orbit maneuvering, and “deep space propulsion” which is used to move further in the space from designated orbit of the satellite. Currently, launch vehicles rely on mature technologies such as solid propulsion, liquid propulsion and combination of both, wherein, there have been tremendous efforts by the manufacturing companies to develop advanced propulsion technologies in satellites.
The global space propulsion system market has been segmented into two end-users: commercial and government and military. The government and military end-user segment acquired the largest share in 2018; however, the commercial end-user segment is expected to grow at the highest CAGR during the forecast period, 2018-2023. In addition, the global space propulsion system market is also classified depending upon the application i.e. launch vehicle and satellite. The launch vehicle segment had the highest market penetration in 2018. However, the satellite segment is estimated to grow at the highest CAGR during the forecast period, 2018-2023.
Key Topics Covered:
1 Market Dynamics
1.1 Drivers
1.1.1 Global Growth in Satellite Launches
1.1.2 Increasing Research and Development Activities to Develop Cost Efficient Propulsion Technology
1.1.3 Increasing Investments in Launch Vehicle Industry
1.2 Challenges
1.2.1 High Cost Involved in the Development of Space Propulsion System
1.2.2 Regulation Pertaining to Space Propulsion System
1.3 Market Opportunities
1.3.1 Ongoing Developments for Nano Material based Space Propulsion System
1.3.2 Propulsion System Manufactured through 3D Printing
2 Competitive Insights
2.1 Key Market Strategies and Developments
2.1.1 Partnerships, Collaborations, and Business Contracts
2.1.2 Product Launches
2.1.3 Mergers and Acquisitions
2.1.4 Other Developments
2.2 Market Share Analysis
3 Industry Analysis
3.1 Emerging Start-ups in Space Propulsion System Market
3.2 Cost Analysis for Space Propulsion System
3.3 Patent Analysis
3.4 Supply Chain Analysis
3.5 Industry Attractiveness
3.5.1 Bargaining Power of Suppliers
3.5.2 Bargaining Power of Buyers
3.5.3 Threat of New Entrants
3.5.4 Threat of Substitutes
3.5.5 Intensity of Competitive Rivalry
4 Global Space Propulsion System Market, 2018-2023
4.1 Assumptions and Limitations
4.2 Market Overview
5 Global Space Propulsion System Market (by Application)
5.1 Market Overview
5.2 Satellite
5.3 Launch Vehicle
6 Global Space Propulsion System Market (by Type)
6.1 Market Overview
6.2 Satellite
6.2.1 Chemical Propulsion System
6.2.1.1 Monopropellant Chemical Propulsion System
6.2.1.2 Bipropellant Chemical Propulsion System
6.2.2 Electric Propulsion System
6.2.2.1 Ion Electric Propulsion System
6.2.2.2 Hall Effect Electric Propulsion System
6.2.2.3 Pulsed Plasma Electric Propulsion System
6.2.2.4 Other Electric Propulsion System
6.2.3 Hybrid Propulsion System
6.3 Launch Vehicle
6.3.1 Solid Propulsion System
6.3.2 Liquid Propulsion System
6.3.3 Hybrid Propulsion System
7 Global Space Propulsion System Market (by End User)
7.1 Market Overview
7.2 Commercial
7.3 Government & Military
8 Global Space Propulsion System Market (by Region)
8.1 Market Overview
8.2 North America
8.3 Europe
8.4 Asia-Pacific
8.5 Rest-of-the-World (RoW)
9 Futuristic Scenario for Space Propulsion System Market
9.1 Upcoming Technologies in Space Propulsion System Market
9.1.1 Ongoing Advancements for Green Propulsion System and Reusable Propulsion System
9.2 Business Outlook for Miniaturized Propulsion System (Micro Propulsion System)
9.3 Opportunities around Deep Space Mission
10 Company Profiles
- Accion Systems
- Aerojet Rocketdyne
- Airbus S.A.S
- Ariane Group GmbH
- Blue Origin
- IHI Corporation
- Lockheed Martin Corporation
- Mitsubishi Heavy Industries Ltd.
- Moog Inc.
- Northrop Grumman Corporation
- OHB System AG
- Phase Four
- Safran
- Space Exploration Technologies Corp. (SpaceX)
- Thales Group
For more information about this report visit https://www.researchandmarkets.com/research/j7jdwk/global_5_63_bn?w=5
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