Published on: March 11, 2021

Space Propulsion Market by Platform and Geography Market Analysis

Categorized under the aerospace & defense industry the space propulsion market will register steady growth during 2025-2029.

The increase in number of space exploration missions is one of the major factors that will influence the demand for space propulsion during this period.

Safran S.A., SpaceX, Aerojet Rocketdyne Holdings, Inc., Northrop Grumman Corp., and IHI Corp. are some of the major space propulsion companies.

The space propulsion market forecast provides a comprehensive analysis on the market based on platform (satellite and launch vehicle) and geography (APAC, North America, Europe, Latin America, and Middle East and Africa).

The report also provides a country-level analysis and insights into the market's growth opportunites in key markets.

Key Growth Influencers & Competitive Landscape

The market is quite competitive. With favorable conditions for growth, the level of competition among companies will intensify further.

The increase the number of space exploration missions will influence market growth. Growing government investments in space technology will also fuel market growth.

Emissions due to space missions will pose as a major challenge for vendors.

Some of the key space propulsion market vendors covered in this report include:

Safran S.A.
SpaceX
Aerojet Rocketdyne Holdings, Inc.
Northrop Grumman Corp.
IHI Corp.

To increase their market share, the vendors have to increase their focus on the fast-growing segments while retaining their hold in the segment that will register slow growth.
With a detailed analysis of the competitive environment, the report will help companies identify growth opportunities and factors that will obstruct their market entry in different regions.

Covering key aspects including business expansions, collaborations and partnerships, and entry barriers for new players, this report will help vendors identify new growth opportunities and design strategies before venturing into new product and service segments. The report also provides details on market challenges that will restrict market growth.

Space Propulsion Market - Key Topics Covered in this Report

CAGR of the market during the forecast period 2025-2029
Current market size and the growth potential of the space propulsion market
Analysis of the factors that will influence space propulsion industry growth
Accurate predictions on upcoming trends and changes in consumer behavior
Which region will see the highest demand for space propulsion?
Revenue forecast for individual segments and regions
Thorough analysis of the market’s competitive landscape
Competitor market share & their growth strategies
Entry barriers for new companies
Market-specific risks that will challenge vendor growth

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