The latest research report by Emergen Research, named ‘Global Space Propulsion Market - Forecast to 2030, entails a comprehensive review of the global Automated Parking System Market This comprehensive study provides various aspects of business such as important definition, end use and total revenue generated across various regions. Besides this, researchers behind this study put in vigilant and persistent effort to keep a proximate attention on top performer of Space Propulsion Market industry. Import and export, demand and supply, gross margin, supply chain management and distribution channel are the other aspects examined during the research.
The global space propulsion system market size is expected to reach USD 19.97 billion in 2028, and register a revenue CAGR of 14.6% during the forecast period. Rising preference for electric propulsion for space exploration activities is a key factor fueling market revenue growth. Unlike chemical propulsion systems, electric propulsion systems offer various benefits including improved safety and increased efficiency, owing to requirement of much less propellant to generate similar increase in velocity of spacecraft. In this type of system for space propulsion, the propellant is released at around 20 times faster rate compared to other types of thrusters, and hence the same force is generated using lesser amount of propellant. Also, the force produced by electric propulsion systems can be maintained constantly for a prolonged period of time (months or years). In addition, destinations in case of interplanetary missions can be reached much quicker compared to using chemical propulsion systems.
Cloud-based solutions are gaining popularity through their scalability and cost benefits. The shift to 5G brings new policy management needs, including dealing with diverse use cases, from IoT to ultra-reliable low-latency applications. Wireless networks are at the front of the game, with telecom leaders such as AT&T and Vodafone investing in sophisticated policy control mechanisms. In February 2024, Ericsson collaborated with Deutsche Telekom to create AI-based policy management tools for improved operational efficiency and customer personalization.
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The global Space Propulsion market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Keyword market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Keyword market.
Space Propulsion System Market Segmentation Analysis
This report offers historical data and forecasts revenue growth at a global, regional, and country level, and provides analysis of the market trends in each segment from 2018 to 2028.
For the purpose of this report, Emergen Research has segmented global space propulsion system market on the basis of component, spacecraft type, propulsion type, orbital path, end-use, and region:
- Component Outlook (Revenue, USD Billion; 2018–2028)
- Thrusters
- Rocket Motors
- Propellant Feed Systems
- Propulsion Thermal Control
- Nozzles
- Power Processing Units
- Others
- Spacecraft Type Outlook (Revenue, USD Billion; 2018–2028)
- Satellites
- Capsules
- Rovers
- Interplanetary Spacecraft & Probes
- Launch Vehicles
- Propulsion Type Outlook (Revenue, USD Billion; 2018–2028)
- Chemical Propulsion
- Non-chemical Propulsion
- Solar Propulsion
- Electric Propulsion
- Tether Propulsion
- Laser Propulsion
- Nuclear Propulsion
- Orbital Path Outlook (Revenue, USD Billion; 2018–2028)
- LEO
- MEO
- GEO
- Others
- End-use Outlook (Revenue, USD Billion; 2018–2028)
- Government & Defense
- Commercial
- Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- China
- India
- Japan
- South Korea
- Rest of APAC
- Brazil
- Rest of LATAM
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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Based on the competitive landscape, the Space Propulsion market report analyzes the key companies operating in the industry:
- Ericsson
- Deutsche Telekom
- Nokia
- Cisco Systems
- Huawei
- IBM
- Oracle
- Verizon
- Juniper Networks
- Amdocs
Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Benefits of Buying the Global Space Propulsion Market Report:
- Comprehensive analysis of the changing competitive landscape
- Assists in decision making processes for the businesses along with detailed strategic planning methodologies
- The report offers an 8-year forecast and assessment of the Global Keyword Market
- Helps in understanding the key product segments and their estimated growth rate
- In-depth analysis of market drivers, restraints, trends, and opportunities
- Comprehensive regional analysis of the Global Keyword Market
- Extensive profiling of the key stakeholders of the business sphere
- Detailed analysis of the factors influencing the growth of the Global Keyword Market
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