Space propulsion Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 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

Scope of the Report

The research study analyzes the global Space propulsion industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Space propulsion Market Report

1. What was the Space propulsion Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of Space propulsion Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Space propulsion Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.