Global Space Propulsion Market Technology Scouting, Future Development, Industry Developments And Major Key Players (2023-2032) | OHB SE, Accion System, Boeing, Northrop Grumman Corporation, MAXAR Technologies

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Space Propulsion Market report by The Business Research Company, increased government investments in space technology are driving the space propulsion market. For instance, in 2021, Westcott Space Cluster in Aylesbury Vale Enterprise Zone invested in a new National Space Propulsion Test Facility (NSPTF), which collected £4 million ($5.44 million) in sponsoring from the UK government Space Agency.

The global space propulsion market size grew from $8.25 billion in 2022 to $9.26 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The space propulsion market size is expected to grow to $15.56 billion in 2027 at a CAGR of 13.8%.

Read More On The Space Propulsion Market Report Here:
https://www.thebusinessresearchcompany.com/report/space-propulsion-global-market-report

Major competitors in the Space Propulsion Market include OHB SE, Accion System, Boeing, Northrop Grumman Corporation, MAXAR Technologies, Thales Alenia Space, Airbus Defense and Space, Vacco Industries, MOOG Inc., Cobham Mission Systems Wimborne Limited, Safran S.A., NPO Splav, BAE Systems, Hanwha Group, and Avibras Indústria Aeroespacial.

The Space Propulsion Market is segmented -
By Type: Chemical Propulsion, Non-chemical Propulsion
By Platform: Satellites, CapsulesCargos, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, Launch Vehicles
By End User: Commercial, Government & Defense
By System Component: Chemical Propulsion Thrusters, Electric Propulsion Thrusters, Propellant Feed Systems, Rocket Motors, Nozzles, Propulsion Thermal Control, Power Processing Units
By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO), Beyond Geosynchronous Orbit
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Space Propulsion Market.

Check Out Buying Options For The Space Propulsion Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6011

Space propulsion is a technique used to accelerate spacecraft and artificial satellites. Spacecrafts are mainly propelled by the use of a rocket engine. The main types of space propulsion are chemical propulsion and non-chemical propulsion. Chemical propulsion refers to propulsion in which the thrust is provided by the product of a chemical reaction, normally burning (or oxidizing) a fuel. By platform, types of space propulsion include satellites, capsulescargos, interplanetary spacecraft and probes, rovers/spacecraft landers, and launch vehicles.

The Table Of Content For The Space Propulsion Market Include:
1. Executive Summary
2. Space Propulsion Market Characteristics
3. Space Propulsion Market Trends And Strategies
4. Space Propulsion market - Macro Economic Scenario
5. Space Propulsion Market Size And Growth
……
27. Space Propulsion Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Space Propulsion Market
29. Space Propulsion Market Future Outlook and Potential Analysis
30. Appendix

The "Global Space Propulsion Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

This release was published on openPR.