Oct 20, 2020   SOURCE: BusinessWire

Worldwide Space Propulsion Industry to 2025 - COVID-19 Impact Analysis - ResearchAndMarkets.com

The "Global Space Propulsion Market by Type (Chemical Propulsion, Non-chemical Propulsion), System Component (Thrusters, Propellant Feed System, Nozzle), Platform (Satellite, Launch Vehicle), Orbit, End User, Orbit, Support Service, and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global space propulsion market is projected to grow from USD 6.7 billion in 2020 to USD 14.2 billion by 2025, at a CAGR of 16.2% from 2020 to 2025.

The market is driven by various factors, such as an increase in the number of space exploration missions, demand for LEO-based services, and increasing demand for advanced electric propulsion systems.

COVID-19's Impact on the Space Industry

Launches: Many launch service providers are focused on upcoming launches that were delayed by some time. Rocket Lab (US) has suspended launches for the time being. Guiana Space Center, a French and European spaceport, has suspended flights. Arianespace (France) still launches from Baikonur, Russia. Soyuz MS-16 was launched in April 2020 with a new crew for the International Space Station (ISS), and in August 18, 2020, SpaceX launched its eleventh Starlink mission, which included 58 Starlink satellites and three of Planet's SkySats.

The space propulsion market faced a slight decline from 2018 to 2019 due to a decrease in the number of space launches. COVID-19 has also affected the import and export trading activities in the space industry. However, the expected rise in space launches from 2021 and beyond will drive the space propulsion market.

Satellites: The fastest-growing segment of the space propulsion market, by platform

By platform, the satellite segment is estimated to be the largest and fastest-growing segment in the space propulsion market. The growth of this segment can be attributed to rising small satellite launches for commercial and government applications. Large satellites, medium satellites, CubeSats, and small satellites, including nanosatellites, microsatellites, and minisatellites, play an important role in Earth observation, communication, and meteorology applications. These satellites are capable of monitoring cyclones, storms, El Nino, floods, fires, volcanic activities, earthquakes, landslides, oil slicks, environmental pollution, and industrial and power plant disasters

Government & defense segment is estimated to account for the largest market share in the year 2020

The government & defense segment is estimated to have the largest revenue market share in 2020. The growth of this segment can be attributed to increasing space exploration missions and rising space budgets. Defense organizations support the use of various types of satellites, such as remote sensing satellites, communication satellites, and surveillance satellites, for military operations and cyber operations. Support operations usually involve the launch of satellites with high-value payloads in space through Expendable Launch Vehicles (ELVs).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.2 Restraints

5.2.3 Opportunities

5.2.4 Challenges

5.3 Average Selling Price Trend

5.4 Value Chain Analysis

5.5 Ecosystem/Market Map

5.6 COVID19 Impact: Ranges and Scenarios

6 Industry Trends

7 Space Propulsion Market, by Propulsion Type

8 Space Propulsion Market, by System Component

9 Space Propulsion Market, by Platform

10 Space Propulsion Market, by Orbit

11 Space Propulsion Market, by End-user

11.1 Introduction

11.2 Government & Military

11.2.1 National Space Agency

11.2.2 Department of Defense (DOD)

11.2.3 Others

11.3 Commercial

11.3.1 Space Launch Service Providers

11.3.2 Satellite Operators and Owners

12 Space Propulsion Market, by Support Services

12.1 Introduction

12.2 Design, Engineering and Operation

12.3 Hot Firing and Environmental Test Execution

12.4 Fueling and Launch Support

13 Space Propulsion Market, Regional Analysis

13.1 Introduction

13.2 North America

13.3 Europe

13.4 Asia-Pacific

13.5 Middle East & Africa

13.6 South America

14 Competitive Landscape

14.1 Introduction

14.2 Market Evaluation Framework

14.3 Market Ranking

14.4 Market Share

14.5 Revenue Analysis of Top Five Market Player

14.6 Key Market Developments

15 Company Evaluation Matrix and Company Profiles

15.1 Overveiw

15.2 Company Evaluation Matrix Definitions and Methodology

15.3 Company Evaluation Matrix, 2019

15.4 Start-Up Matrix, 2019

15.5 Company Profile

15.5.1 OHB SE

15.5.2 Accion System

15.5.3 Boeing

15.5.4 Northrop Grumman Corporation

15.5.5 Maxar Technologies

15.5.6 Thales Alenia Space

15.5.7 Airbus Defense and Space

15.5.8 Vacco Industries

15.5.9 Moog Inc.

15.5.10 Cobham Mission Systems Wimborne Limited

15.5.11 Ariane Group GmbH

15.5.12 AST Advanced Space Technologies GmbH

15.5.13 Stanford MU Corporation

15.5.14 Bradford Space

15.5.15 RAM Company

15.5.16 Blue Origin

15.5.17 SpaceX

15.5.18 Sierra Nevada Corporation

15.5.19 IHI Corporation

15.5.20 Safran

15.5.21 Rocket Labs

15.5.22 Aerojet Rocketdyne Holdings Inc.

15.5.23 Yuzhnoye SDO

15.5.24 Mitsubishi Heavy Industries, Ltd.

15.5.25 Virgin Galatic

15.5.26 L3Harris Technologies

15.5.27 Fakel

15.5.28 Enpulsion GmbH

15.5.29 Busek Co. Inc.

For more information about this report visit https://www.researchandmarkets.com/r/2d2o00