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Global Space-Qualified Propellant Tank Market Report Coverage

Global Space-Qualified Propellant Tank Market

Base Year

2022

Market Size in 2023

$1,754.5 Million

Forecast Period

2023-2033

Value Projection and Estimation by 2033

$3,431.8 Million

CAGR During Forecast Period

6.94%

Number of Pages

120
Number of Tables 52

Number of Figures

 30

 

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights gathered from primary experts.

The global space-qualified propellant tank market comprises key players who have established themselves thoroughly and have the proper understanding of the market, accompanied by start-ups who are looking forward to establishing themselves in this highly competitive market.  In 2022, the global space-qualified propellant tank market was dominated by established players, accounting for 71% of the market share, whereas start-ups managed to capture 29% of the market.

Some prominent names established in this market are:

•    Airbus S.A.S.
•    Adam Works.
•    Ariane Group
•    Busek Co. Inc.
•    Infinite Composite Technologies
•    IHI Aerospace Co.
•    Lockheed Martin Corporation
•    Microcosm, Inc.
•    Moog Inc.
•    OHB SE
•    Northrop Grumman Corporation
•    Nammo AS
•    Peak Technology
•    Phase Four
•    Stelia Aerospace North America Inc.

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different types of products available for deployment globally. Moreover, the study provides the reader with a detailed understanding of the global space-qualified propellant tank market based on platform (satellite and launch vehicle) and end user (government and military and commercial). The global space-qualified propellant tank market is segmented into the material (carbon fiber composite, aluminum and titanium alloys, nanomaterials, thermoset and thermoplastic composites, and others), manufacturing process (automated fiber placement, compression molding, additive manufacturing, conventional manufacturing, and others) and propellant tank (diaphragm tanks, propellant management devices, helium, nitrogen, and xenon tanks, aluminum alloy tanks, hydrazine tanks, and high-test peroxide tanks).

Growth/Marketing Strategy: The global space-qualified propellant tank market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The company's favored strategy has been partnerships and contracts to strengthen its position in the global space-qualified propellant tank market. For instance, Airbus selected MT Aerospace AG to provide tanks for the spacecraft's chemical propulsion system. The contract, worth $3.06 million, was signed in May 2021. These tanks, part of the E3000 tank series initially designed for telecommunications satellites, are utilized to minimize development complexity and effort. Each tank has a capacity of 225 liters and is designed to release the required propellant and oxidizer in zero gravity using capillary action via a complex assembly known as the propellant management device.

Methodology: The research methodology design adopted for this specific study includes a mix of data collected from primary and secondary data sources. Both primary resources (key players, market leaders, and in-house experts) and secondary research (a host of paid and unpaid databases), along with analytical tools, are employed to build the predictive and forecast models.

Data and validation have been taken into consideration from both primary sources as well as secondary sources.

Key Considerations and Assumptions in Market Engineering and Validation

   •    Detailed secondary research has been done to ensure maximum coverage of manufacturers/suppliers operational in a country.
   •    Based on the classification, the average selling price (ASP) has been calculated using the weighted average method.
   •    The currency conversion rate has been taken from the historical exchange rate of Oanda and/or other relevant websites.
   •    Any economic downturn in the future has not been taken into consideration for the market estimation and forecast.
   •    The base currency considered for the market analysis is US$. Currencies other than the US$ have been converted to the US$ for all statistical calculations, considering the average conversion rate for that particular year.
   •    The term “product” in this document may refer to “propellant tank” as and where relevant.
   •    The term “manufacturers/suppliers” may refer to “systems providers” or “technology providers” as and where relevant.

Primary Research

The primary sources involve industry experts from the aerospace and defense industry, including propellant tank manufacturers and component manufacturers. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.

Secondary Research

This study involves the usage of extensive secondary research, company websites, directories, and annual reports. It also makes use of databases, such as Spacenews, Businessweek, and others, to collect effective and useful information for a market-oriented, technical, commercial, and extensive study of the global market. In addition to the data sources, the study has been undertaken with the help of other data sources and websites, such as www.nasa.gov.

Secondary research was done to obtain critical information about the industry’s value chain, the market’s monetary chain, revenue models, the total pool of key players, and the current and potential use cases and applications.

 

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Global Space-Qualified Propellant Tank Market

Focus on Platform, End User, Material, Manufacturing Process, Propellant Tank and Country - Analysis and Forecast, 2023-2033

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Some Faq's

Frequently Asked Questions

Ans:  Space-qualified propellant tanks are critical components in the field of aerospace engineering, designed to meet the stringent requirements of space missions. These tanks store the propellant necessary for spacecraft propulsion, enabling maneuvers such as orbit adjustment, deorbiting, and deep space exploration. The design and manufacturing of space-qualified propellant tanks involve advanced materials and technologies to ensure reliability, safety, and efficiency in the harsh environment of space.

Ans: The leading players in the space-qualified propellant tank market include Northrop Grumman, Lockheed Martin Corporation, Airbus S.A.S, Ariane Group, Busek Co Inc, Infinite Composite Technologies, IHI Aerospace Co., Microcosm, Inc., and Moog Inc.

Ans: The following can be seen as some of the USPs of the report:

  • A qualitative and quantitative analysis of the global space-qualified propellant tank market based on application and product.
  • Quantitative analysis of end user sub-segment, which includes:
    • Government and Military
    • Commercial

Regional and country-level forecast on the global space-qualified propellant tank market, which includes platforms such as satellite and launch vehicles.

Ans: Companies developing space-qualified propellant tank technologies, commercial space companies, academic and research organizations focusing on aerospace engineering, and organizations responsible for the regulation and safety oversight of space missions and aerospace technologies should buy this report. Additionally, groups focused on environmental sustainability and the reduction of space debris might be interested in the development of green propellants.