Market Research Report

A quick peek into the report

1.1   Drivers
1.1.1   Increase in Satellite Launches
1.1.2   Rising Research and Development Activities to Develop Cost-Efficient Propulsion Technologies
1.2   Market Restraints
1.2.1   Lack of Efficient and Reliable Micro-Propulsion Systems
1.2.2   High Cost Associated With Advancement of Space Propulsion System
1.3   Opportunities
1.3.1   Ongoing Developments for Nano Material-Based Space Propulsion System
1.3.2   Advancements in 3D Printing Technology for Developing the Components of Space Propulsion System

2.1   Key Strategies and Developments
2.1.1   Partnerships, Collaborations, and Contracts
2.1.2   Mergers and Acquisitions
2.1.3   Other Developments
2.2   Competitive Benchmarking

3.1   Industry Overview
3.2   Emerging Startups in Space Propulsion System Market
3.3   Small Satellite Market Scenario: A Growth Factor in the Space Propulsion System Market
3.4   Pricing Analysis for Space Propulsion System
3.5   Technological Roadmap for Propulsion System
3.6   Patent Analysis
3.7   Supply Chain Analysis

4.1 Assumptions and Limitations
4.2 Market Overview

5.1   Market Overview
5.2   Satellite
5.3   Launch Vehicle

6.1   Market Overview
6.2   Satellite
6.2.1   Chemical Propulsion System
6.2.1.1   Monopropellant Chemical Propulsion System
6.2.1.2   Bipropellant Chemical Propulsion System
6.2.2   Electric Propulsion System
6.2.2.1   Ion Electric Propulsion System
6.2.2.2   Hall Effect Electric Propulsion System
6.2.2.3   Pulsed Plasma Electric Propulsion System
6.2.2.4   Other Electric Propulsion System
6.2.3   Hybrid Propulsion System
6.3   Launch Vehicle
6.3.1   Solid Propulsion System
6.3.2   Liquid Propulsion System
6.3.3   Hybrid Propulsion System

7.1   Market Overview
7.2   Commercial
7.3   Government & Military

8.1   Market Overview
8.2   Thruster or Engine
8.3   Propellant Tank
8.4   Pumps, Valves, and Regulators
8.5   Others

9.1   Market Overview
9.2   North America
9.2.1   North America Space Propulsion System Market (by Application)
9.2.2   North America Space Propulsion System Market (by Country)
9.2.2.1   U.S.
9.2.2.2   Canada
9.3   EUROPE
9.3.1   Europe Space Propulsion System Market (by Application)
9.3.2   Europe Space Propulsion System Market (by Country)
9.3.2.1   Russia
9.3.2.2   France
9.3.2.3   Germany
9.3.2.4   Italy
9.3.2.5   Rest-of-Europe
9.4   Asia-Pacific
9.4.1   Asia-Pacific Space Propulsion System Market (by Application)
9.4.2   Asia-Pacific Space Propulsion System Market (by Country)
9.4.2.1   China
9.4.2.2   India
9.4.2.3   Japan
9.4.2.4   Rest-of-the-Asia-Pacific
9.5   Rest-of-the-World

10.1   Accion Systems
10.1.1   Company Overview
10.1.2   Role of Accion Systems in Global Space Propulsion System Market
10.1.3   SWOT Analysis
10.2   Aerojet Rocketdyne
10.2.1   Company Overview
10.2.2   Role of Aerojet Rocketdyne Company in Global Space Propulsion System Market
10.2.3   Financials
10.2.4   SWOT Analysis
10.3   Airbus S.A.S
10.3.1   Company Overview
10.3.2   Role of Airbus S.A.S Company in Global Space Propulsion System Market
10.3.3   Financials
10.3.4   SWOT Analysis
10.4   Ariane Group Gmbh
10.4.1   Company Overview
10.4.2   Role of Ariane Group in Global Space Propulsion System Market
10.4.3   SWOT Analysis
10.5   Blue Origin
10.5.1   Company Overview
10.5.2   Role of Blue Origin in Global Space Propulsion System Market
10.5.3   SWOT Analysis
10.6   IHI Corporation
10.6.1   Company Overview
10.6.2   Role of IHI Corporation Company in Global Space Propulsion System Market
10.6.3   Financials
10.6.4   SWOT Analysis
10.7   Lockheed Martin
10.7.1   Company Overview
10.7.2   Role of Lockheed Martin Corporation in Global Space Propulsion System Market
10.7.3   Financials
10.7.4   SWOT Analysis
10.8   Mitsubishi Heavy Industries Ltd.
10.8.1   Company Overview
10.8.2   Role of Mitsubishi Heavy Industries in Global Space Propulsion System Market
10.8.3   Financials
10.8.4   SWOT Analysis
10.9   Northrop Grumman Corporation
10.9.1   Company Overview
10.9.2   Role of Northrop Grumman Corporation in Global Space Propulsion System Market
10.9.3   Financials
10.9.4   SWOT Analysis
10.10 OHB SE
10.10.1   Company Overview
10.10.2   Role of OHB SE in Global Space Propulsion System Market
10.10.3   Product Offerings
10.10.4   Financials
10.10.5   SWOT Analysis
10.11   Phase Four
10.11.1   Company Overview
10.11.2   Role of Phase Four in Global Space Propulsion System Market
10.11.3   SWOT Analysis
10.12   Space Exploration Technologies Corp. (SpaceX)
10.12.1   Company Overview
10.12.2   Role of SpaceX in Global Space Propulsion System Market
10.12.3   Product Offerings
10.12.4   SWOT Analysis
10.13   Safran
10.13.1   Company Overview
10.13.2   Role of Safran in Global Space Propulsion Market
10.13.3   Financials
10.13.3.1   Overall Financials
10.13.4   SWOT Analysis
10.14   Moog Inc.
10.14.1   Company Overview
10.14.2   Role of Moog in Global Space Propulsion System Market
10.14.3   Financials
10.14.4   SWOT Analysis
10.15   Thales Group
10.15.1   Company Overview
10.15.2   Role of Thales Group in Global Space Propulsion System Market
10.15.3   Financials
10.15.4   SWOT Analysis

11.1   Ongoing Advancement for Propulsion System
11.1.1   Green Propulsion System
11.1.2   Solar Electric Propulsion
11.1.3   ADN Technology
11.1.4   Water Propulsion System
11.1.5   Hydrogen Peroxide
11.2   Developments in Reusable Propulsion System
11.3   Opportunities in Deep Space Missions

12.1 Scope of the Report
12.2 Global Space Propulsion System Market Research Methodology

13.1 Related Reports

Table 1: Market Snapshot: Global Space Propulsion System Market, Value, 2019 and 2025
Table 1.1: Type of Nano Material for Space Propulsion System
Table 1.2: Benefits and Challenges of 3D Printing
Table 2.1: Partnerships, Collaborations, Agreements, and Contracts in Space Propulsion System Market
Table 2.2: Mergers and Acquisitions
Table 2.3: Other Developments
Table 3.1: Emerging Startups in Space Propulsion System Market
Table 3.2: Expected Launches of Small Satellite Constellations by 2023
Table 3.3: Propulsion Systems Technological Roadmap, 2010-2035
Table 3.4: Patent Analysis: Liquid Monopropellant for Dual Mode Chemical Rocket Engine
Table 3.5: Patent Analysis: Rocket-Engine Propellant Delivery Systems
Table 3.6: Patent Analysis: Propulsion System for Satellite Attitude Control and Orbit Control
Table 3.7: Patent Analysis: Electric Pump Conveying System for Solid-Liquid Rocket Engine
Table 3.8: Patent Analysis: Arcjet Propulsion System for Spacecraft
Table 5.1: Global Space Propulsion System Market (by Application), $Billion, 2019-2025
Table 5.2: Global Space Propulsion System Market (for Satellite), 2019-2025
Table 5.3: List of Propulsion Systems and Their Advantages and Disadvantages in Satellites
Table 5.4: Global Launch Vehicle Propulsion System Market, 2019-2025
Table 6.1: Global Space Propulsion System Market (by Propulsion Type), 2019-2025, ($Million)
Table 6.2: Types and Characteristics of Chemical Propulsion System
Table 6.3: Types and Characteristics of Electric Propulsion System
Table 6.4: Advantages of Hybrid Propulsion System Vs. Solid and Liquid Propulsion System
Table 7.1: Global Space Propulsion System Market (by End User), $Billion, 2019-2025
Table 8.1: Global Space Propulsion System Market (by Component), 2019-2025, ($Million)
Table 9.1: Global Space Propulsion System Market (by Region), $Billion, 2019-2025
Table 11.1: List of Green Propulsion Systems
Table 11.2: Propellants in Green Propulsion System
Table 11.3: Developments in Reusable Propulsion System
Table 11.4: Upcoming Space Missions

Figure 1: Rocket Launches from 2015 to 2019
Figure 2: Global Space Propulsion System Market, Value ($Billion), 2019-2025
Figure 3: Global Space Propulsion System Market, Volume (Units), 2019-2025
Figure 4: Global Space Propulsion System Market (by Application), Volume (Units), 2019-2025
Figure 5: Global Space Propulsion System Market (by Application), Revenue ($Million), 2019-2025
Figure 6: Global Space Propulsion System Market (by End User), Revenue ($Million), 2019 and 2025
Figure 7: Global Space Propulsion System Market (by Propulsion Type), Revenue ($Million), 2019 and 2025
Figure 8: Global Space Propulsion System Market (by Region), Value ($Million), 2019-2025
Figure 1.1: Market Dynamics Snapshot
Figure 1.2: Number of Satellites Launched, 2010-2019
Figure 1.3: Stages Involved in Research and Development Phase of an Engine
Figure 2.1: Key Strategies Adopted by Market Players
Figure 2.2: Percentage Share of Strategies Adopted by the Market Players, January 2017- April 2020
Figure 2.3: Competitive Benchmarking, 2019
Figure 3.1: Industry Insights
Figure 3.2: Global Small Satellite Market, 2020-2025
Figure 3.3: Global Small Satellite Market (by Type), 2019-2025
Figure 3.4: Price Analysis for a Satellite Propulsion System
Figure 3.5: Cost Analysis for a Launch Vehicle Propulsion System
Figure 3.6: Space Propulsion System: Supply Chain Analysis
Figure 4.1: Global Space Propulsion System Market, 2019-2025
Figure 5.1: Global Space Propulsion System Market (by Application)
Figure 5.2: Global Space Propulsion System Market (by Application), Volume (Units), 2019-2025
Figure 5.3: Global Launch Vehicle Propulsion System Market (by Type), 2019-2025
Figure 6.1: Global Space Propulsion System Market (by Propulsion Type)
Figure 6.2: Global Satellite Propulsion System Market (for Chemical Propulsion System), 2019-2025
Figure 6.3: Global Chemical Propulsion System Market (for Monopropellant Chemical Propulsion System), 2019-2025
Figure 6.4: Global Chemical Propulsion System Market (for Bipropellant Chemical Propulsion System), 2019-2025
Figure 6.5: Global Satellite Propulsion System Market (for Electric Propulsion System), 2019-2025
Figure 6.6: Global Electric Propulsion System Market (for Ion Electric Propulsion System), 2019-2025
Figure 6.7: Global Electric Propulsion System Market (for Hall Effect Electric Propulsion System), 2019-2025
Figure 6.8: Global Electric Propulsion System Market (for Pulsed Plasma Electric Propulsion System), 2019-2025
Figure 6.9: Global Electric Propulsion System Market (for Other Electric Propulsion System), 2019-2025
Figure 6.10: Global Satellite Propulsion System Market (for Hybrid Propulsion System), 2019-2025
Figure 6.11: Global Launch Vehicle Propulsion System Market (for Solid Propulsion System), 2019-2025
Figure 6.12: Global Launch Vehicle Propulsion System Market (for Liquid Propulsion System), 2019-2025
Figure 6.13: Global Launch Vehicle Propulsion System Market (for Hybrid Propulsion System), 2019-2025
Figure 7.1: Global Space Propulsion System Market (by End User)
Figure 7.2: List of End Users in Global Space Propulsion System Market
Figure 7.3: Global Space Propulsion System Market (for Commercial), 2019-2025
Figure 7.4: Global Commercial Space Propulsion System Market (by Application), 2019-2025
Figure 7.5: Global Space Propulsion System Market (for Government & Military), 2019-2025
Figure 7.6: Global Government & Military Space Propulsion System Market (by Application), 2019-2025
Figure 8.1: Global Space Propulsion System Market (by Component)
Figure 8.2: Global Space Propulsion System Market (for Thruster or Engine), 2019-2025
Figure 8.3: Global Space Propulsion System Market (for Propellant Tank), 2019-2025
Figure 8.4: Global Space Propulsion System Market (for Pumps, Valves, and Regulators), 2019-2025
Figure 8.5: Global Space Propulsion System Market (for Others), 2019-2025
Figure 9.1: Classification of Global Space Propulsion System Market (by Region)
Figure 9.2: North America Space Propulsion System Market Size, 2019-2025
Figure 9.3: North America Space Propulsion System (by Application)
Figure 9.4: U.S. Space Propulsion System Market, 2019-2025
Figure 9.5: Europe Space Propulsion System Market Size, 2019-2025
Figure 9.6: Europe Space Propulsion System Market (By Application)
Figure 9.7: Russia Space Propulsion System Market, 2019-2025
Figure 9.8: France Space Propulsion System Market, 2019-2025
Figure 9.9: Germany Space Propulsion System Market, 2019-2025
Figure 9.10: Italy Space Propulsion System Market, 2019-2025
Figure 9.11: Rest-of-Europe Space Propulsion System Market, 2019-2025
Figure 9.12: Asia-Pacific Space Propulsion System Market Size, 2019-2025
Figure 9.13: Asia-Pacific Space Propulsion System Market (By Application)
Figure 9.14: China Space Propulsion System Market, 2019-2025
Figure 9.15: India Space Propulsion System Market, 2019-2025
Figure 9.16: Japan Space Propulsion System Market, 2019-2025
Figure 9.17: Rest-of-the-Asia-Pacific Space Propulsion System Market, 2019-2025
Figure 9.18: Rest-of-the-World Space Propulsion Market Size, 2019-2025
Figure 10.1: Share of Key Company Profiles
Figure 10.2: Accion Systems – Product Offerings
Figure 10.3: SWOT Analysis – Accion Systems
Figure 10.4: Aerojet Rocketdyne – Product Offerings
Figure 10.5: Aerojet Rocketdyne - Financials, 2017-2019
Figure 10.6: Aerojet Rocketdyne - Business Revenue Mix, 2017-2019
Figure 10.7: Aerojet Rocketdyne – Research and Development Expenditure, 2017-2019
Figure 10.8: SWOT Analysis – Aerojet Rocketdyne
Figure 10.9: Airbus S.A.S – Product Offerings
Figure 10.10: Airbus S.A.S - Financials, 2017-2019
Figure 10.11: Airbus S.A.S - Business Revenue Mix, 2017-2019
Figure 10.12: Airbus S.A.S - Regional Revenue Mix, 2017-2019
Figure 10.13: SWOT Analysis – Airbus S.A.S
Figure 10.14: Ariane Group – Product Offerings
Figure 10.15: SWOT Analysis – Ariane Group
Figure 10.16: Blue Origin – Product Offerings
Figure 10.17: SWOT Analysis – Blue Origin
Figure 10.18: IHI Corporation – Product Offerings
Figure 10.19: IHI Corporation - Financials, 2016-2018
Figure 10.20: IHI Corporation - Business Revenue Mix, 2016-2018
Figure 10.21: IHI Corporation - Region Revenue Mix, 2016-2018
Figure 10.22: IHI Corporation - Research and Development Expenditure, 2016-2018
Figure 10.23: IHI Corporation- SWOT Analysis
Figure 10.24: Lockheed Martin Corporation – Product Offerings
Figure 10.25: Lockheed Martin Corporation - Financials, 2017-2019
Figure 10.26: Lockheed Martin Corporation - Business Revenue Mix, 2017-2019
Figure 10.27: Lockheed Martin Corporation - Region Revenue Mix, 2017-2019
Figure 10.28: Lockheed Martin Corporation – Research and Development Expenditure, 2017-2019
Figure 10.29: SWOT Analysis – Lockheed Martin Corporation
Figure 10.30: Mitsubishi Heavy Industries Ltd. – Product Offerings
Figure 10.31: Mitsubishi Heavy Industries Ltd - Financials, 2017-2019
Figure 10.32: Mitsubishi Heavy Industries Ltd. - Business Revenue Mix, 2017-2019
Figure 10.33: SWOT Analysis – Mitsubishi Heavy Industries Ltd.
Figure 10.34: Northrop Grumman Corporation: Product Offerings
Figure 10.35: Northrop Grumman Corporation - Financials, 2017-2019
Figure 10.36: Northrop Grumman Corporation - Business Revenue Mix, 2017-2019
Figure 10.37: Northrop Grumman Corporation – Region Revenue Mix, 2017-2019
Figure 10.38: Northrop Grumman Corporation – Research and Development Expenditure, 2017-2019
Figure 10.39: SWOT Analysis – Northrop Grumman Corporation
Figure 10.40: OHB SE: Product Offerings
Figure 10.41: OHB SE: Overall Financials, 2017-2019
Figure 10.42: OHB SE: Revenue by Business Segment, 2017-2019
Figure 10.43: OHB SE: Share in Overall Revenue by Region, 2017-2019
Figure 10.44: OHB SE: SWOT Analysis
Figure 10.45: Phase Four. – Product Offerings
Figure 10.46: SWOT Analysis – Phase Four
Figure 10.47: Space Exploration Technologies Corp. (SpaceX): Product Offerings
Figure 10.48: Space Exploration Technologies Corp. (SpaceX): SWOT Analysis
Figure 10.49: Safran - Product Offerings
Figure 10.50: Safran – Overall Financials, 2017-2019
Figure 10.51: Safran – Net Revenue (by Business Segment), 2018-2019
Figure 10.52: Safran – Net Revenue (by Region), 2018-2019
Figure 10.53: Safran - SWOT Analysis
Figure 10.54: Moog Inc – Product Offerings
Figure 10.55: Moog Inc - Financials, 2017-2019
Figure 10.56: Moog Inc - Business Revenue Mix, 2017-2019
Figure 10.57: Moog Inc. – Research and Development Expenditure, 2017-2019
Figure 10.58: SWOT Analysis – Moog Inc.
Figure 10.59: Thales Group – Product Offerings
Figure 10.60: Thales Group - Financials, 2017-2019
Figure 10.61: Thales Group - Business Revenue Mix, 2017-2019
Figure 10.62: Thales Group - Region Revenue Mix, 2017-2019
Figure 10.63: Thales Group – Research and Development Expenditure, 2017-2019
Figure 10.64: SWOT Analysis – Thales Group
Figure 11.1: Advantages and Disadvantages of ADN and HAN Technology
Figure 11.2: Advantages and Disadvantages of Water Propulsion Technology
Figure 11.3: Advantages and Disadvantages of Hydrogen Peroxide Green Propulsion Technology
Figure 12.1: Global Space Propulsion System (Market Segmentation)
Figure 12.2: Space Propulsion System Market Research Methodology
Figure 12.3: Data Triangulation
Figure 12.4: Top-Down and Bottom-up Approach
Figure 12.5: Global Space Propulsion System Market Influencing Factors
Figure 12.6: Assumptions and Limitations

Market Overview

Global Space Propulsion System Market Forecast, 2020-2025

The Global Space Propulsion System Market report by BIS Research projects the market to grow at a CAGR of 11.76% on the basis of value during the forecast period from 2020 to 2025. North America is expected to dominate the global space propulsion system market with an estimated share of 44.20% in 2019. North America, including the major countries such as the U.S., is the most prominent region for the space propulsion system market. The presence of major players and intense competition among them makes North America the most technologically advanced region. The companies in the region secure contracts from end users, such as defense, commercial, and government agencies, to deploy their satellites and launch vehicles into space by using different types of propulsion systems.

The global space propulsion system market is gaining widespread importance owing to increasing efforts from commercial space companies as well as space agencies for developing more efficient, less-toxic and enhanced space propulsion systems to contribute to the significant growth of the space propulsion system market. Moreover, the development of cost-efficient propulsion technologies, advancements in the 3D printing technology for developing the components of space propulsion systems are some of the factors that may propel the market growth in the coming years.

Key Questions Answered in this Report:

•   What are the trends in the global space propulsion system market across different regions?
•   What are the major driving forces that tend to increase the demand for space propulsion system during the forecast period 2020-2025?
•   What are the major challenges inhibiting the growth of the space propulsion system market?
•   What was the revenue generated in the global space propulsion system market by payload range in 2019?
•   Which end user of the space propulsion system market (government and commercial) is expected to dominate the market in the coming years?
•   What was the revenue generated in the global space propulsion system market by end user in 2019, and what are the estimates by 2025?
•   Which application (satellite and launch vehicles) is expected to dominate the space propulsion system market in the coming years?
•   What is the estimated revenue to be generated by the global space propulsion system market across different regions (North America, Europe, Asia-Pacific, and Rest-of-the-World) during the forecast period?
•   Which are the key players in the global space propulsion system market, and what are the new strategies that are being adopted by them to make a mark in the industry?
•   What major opportunities do the space propulsion system market companies foresee in the next five years?
•   What is the impact of COVID-19 on the space sector value chain in upstream, midstream, and downstream parts?
•   What is competitive strength of the key leading players in the space propulsion system market?

Report Description

Scope of the Space Propulsion System Market

The purpose of the market analysis is to examine the space propulsion system market outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.

The report further takes into consideration the market dynamics and the competitive landscape of the key players operating in the market.

Global Space Propulsion System Market Segmentation

The space propulsion system market is further segmented on the basis of application, propulsion type, end user, component, and region. While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the industry. The report analyzes different applications that include satellite and launch vehicle. In the propulsion type segment for satellite, the market is segmented into chemical propulsion system, electric propulsion system, and hybrid propulsion system. Also, in the propulsion type segment for launch vehicle, the market is segmented into solid propulsion system, liquid propulsion system, and hybrid propulsion system. On the basis of component, the space propulsion market is segmented into thruster or engine, propellant tank, pumps, valves & regulators and others. Apart from this, the market is also segmented into commercial and government & military on the basis of end user.

The space propulsion system market is segregated by region under four major regions, namely North America, Europe, Asia-Pacific, and Rest-of-the-World. Data for each of these regions is provided in the market study.

Key Companies in the Global Space Propulsion System Market

The key market players in the global space propulsion system market include IHI Corporation, Lockheed Martin Corporation, Mitsubishi Heavy Industries, Ltd., Northrop Grumman Corporation, Airbus SAS, Safran, OHB System AG, Thales Group, Aerojet Rocketdyne and Moog Inc., Space Exploration Technologies Corp. (SpaceX), Ariane Group GmbH, Blue Origin, Phase Four, and Accion Systems Inc.