GCCWIRE
  • Home
  • News
    • Press Releases
  • Bahrain
  • Kuwait
  • Oman
  • Qatar
  • KSA
  • UAE
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us
submit pr
No Result
View All Result
  • Home
  • News
    • Press Releases
  • Bahrain
  • Kuwait
  • Oman
  • Qatar
  • KSA
  • UAE
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us
submit pr
No Result
View All Result
GCCWIRE
submit pr
Home Press Releases

Space Propulsion Market value $22.5 Billion by 2026 at a CAGR of 22.1%

admin by admin
September 7, 2022
in Press Releases
Space Propulsion Market value $22.5 Billion by 2026 at a CAGR of 22.1%
Share on FacebookShare on Twitter


 


(EMAILWIRE.COM, September 07, 2022 ) According to the latest research report “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″ published by MarketsandMarkets, 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.

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=118742255

Key Market Players

Key players operating in space propulsion market are Safran (France), Aerojet Rocketdyne Holdings, Inc. (US), IHI Corporation (Japan), Space Exploration Technologies Corp. (SpaceX) (US), and Northrop Grumman Corporation (US).

Long-term market drivers for space propulsion remain strong, and, before the COVID-19 pandemic, the market had started to show signs of recovery from the major market price reset. Governments and businesses involved with space are reacting differently to the new situation. Some launches are moving forward, while some are not; some tests continue, and some are delayed; some companies still operate, and others have shuttered. Rockets continue to be launched; however, many launch providers are pushing future launches back. Rocket Lab, for example, has suspended launches for the time being. Consumer broadband saw growth in North America following the pandemic, with existing subscribers shifting to higher-value plans and overall growth in the subscriber base. Nonetheless, temporary supply chain issues have caused delays in new project rollouts in most market segments. Despite the short-term headwinds caused by the pandemic, underlying market drivers are expected to prevail, enabling long-term growth.

“The space propulsion market for thrusters segment is projected to have the highest market share based on system component”

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.

“The space propulsion market for non-chemical propulsion segment is projected to have the highest market share based on propulsion type”

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.

“The space propulsion market for LEO (Low earth Orbit) segment is projected to have the highest market share and highest CAGR based on orbit”

By orbit, the LEO (Low earth Orbit) segment is projected to lead the space propulsion market during the forecast period. The rising demand for communications and earth observation satellites fueling the growth of the Low Earth Orbit (LEO) segment.

“The space propulsion market for satellites segment is projected to have the highest CAGR based on platform”

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.

“The space propulsion market for Government & Defense segment is projected to have the highest market share based on end use”

Based on end use segment, 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.

“North America is expected to hold the highest market share in 2021.”

North America is projected to hold the largest share of the space propulsion market during the forecast period. This is owing to the ever-rising small satellite launches and the entry of private players like SpaceX, which have boosted the space industry in recent times.

Ask for Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=118742255

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Source link

Previous Post

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. TO PARTICIPATE IN THE DEUTSCHE BANK LEVERAGED FINANCE CONFERENCE

Next Post

Anavrin Equestrian Resort & Sports Club joins Healing Hotels of the World

RelatedPosts

Press Releases

UHT Processing Market Statistics, Growth, Trends & Forecasts

(EMAILWIRE.COM, February 03, 2023 ) According to a research report "UHT Processing Market by Mode of Operation (Direct,...

by admin
February 3, 2023
Press Releases

Industrial PC Market Worth $6.6 billion in 2028 at a CAGR of 5.5%

(EMAILWIRE.COM, February 03, 2023 ) The Industrial PC Market is projected to grow from USD 5.0 billion in...

by admin
February 3, 2023
Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026
Press Releases

Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

 (EMAILWIRE.COM, February 03, 2023 ) The global Automotive Adhesive Tapes Market size was USD 8.5 billion in 2020 and is...

by admin
February 3, 2023
Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024
Press Releases

Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

 (EMAILWIRE.COM, February 03, 2023 ) The global Fatty Amines Market is projected to grow from USD 2.9 billion in...

by admin
February 3, 2023
Load More

POPULAR POSTS

  • MarketsandMarkets™

    Aircraft Seat Upholstery Market worth $1.8 billion by 2025

    0 shares
    Share 0 Tweet 0
  • PallyCon unveils Robust Distributor Watermarking to Fortify Premium Content in the Distribution Phase

    0 shares
    Share 0 Tweet 0
  • UHT Processing Market Statistics, Growth, Trends & Forecasts

    0 shares
    Share 0 Tweet 0
  • KSA Weekly on Kingdom of Saudi Arabia adds to Arab Newswire Media List Press Release Distribution to MENA Region

    0 shares
    Share 0 Tweet 0
  • Oman cable unveils the Global Sustainability Academy

    0 shares
    Share 0 Tweet 0

GCCWIRE™ provides press release distribution services for businesses, organizations and other entities with the need to reach media outlets in member countries of Gulf Corporation Council (GCC) and Middle east and North Africa. Submit press release or contact us today.

Browse By Category

News
Bahrain
Kuwait
Omar
Qatar
KSA
UAE

Recent News

Recent Posts
  • Russia's Novatek, India's GAIL poised to seal gas sales deal – Yahoo Finance UK
  • Company executives confident in China’s economy – Hellenic Shipping News Worldwide
  • OTM Mumbai, the gateway to Indian travel markets commences from 2-4 February at Jio World Convention Centre – Free Press Journal
  • UK markets watchdog blocks 'fin-fluencer'-led surge in misleading ads – Yahoo Finance UK

Our Newsletter

    Gccwire is part of GroupWeb Media Network. @ 2023 GroupWeb Media LLC

    No Result
    View All Result
    • Home
    • News
      • Press Releases
    • Bahrain
    • Kuwait
    • Oman
    • Qatar
    • KSA
    • UAE
    • About Us
      • Press Release Distribution Services
      • Submit Press Release
      • Contact Us

    Gccwire is part of GroupWeb Media Network. @2023 GroupWeb Media LLC