Space propulsion Market Size, Share 2021, Impressive Industry Growth Report 2027

Space propulsion market is projected to grow from USD 6.7 billion in 2021 to USD 14.2 billion by 2027, at a CAGR of 16.2% from 2021 to 2027.

The space propulsion systems market is gaining widespread importance as the efforts of commercial space companies as well as space agencies to develop more efficient, non-toxic and improved space propulsion systems to contribute to the significant growth of the space propulsion systems market.

 

Space propulsion system market includes

IHI Corporation
Lockheed Martin Corporation
Mitsubishi Heavy Industries, Ltd
Northrop Grumman Corporation

By Support Service

Design, Engineering, & Operation
Hot Firing & Environmental Test Execution
Fueling & Launch Support

By Orbit

Low Earth orbit (LEO)
Medium Earth orbit (MEO)
Geostationary Earth Orbit (GEO)
Beyond Geosynchronous Orbit