Space Electronics Global Market Report 2023 – By Type (Radiation Hardened, Radiation Tolerant), By Component (Microprocessors And Controllers, Sensors, Application Specific Integrated Cicuits, Memory Chips, Power Source Cables, Discrete Semiconductors, Other Components), By Platform (Satellite, Launch Vehicles, Deep Space Probes), By Application (Communication, Earth Observation, Navigation, Global Positioning System (GPS) , Technology Development And Education, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

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, capsules\cargos, interplanetary spacecraft and probes, rovers/spacecraft landers, and launch vehicles. Major end users of space propulsion are commercial and government and defense entities. The system components used in space propulsion are chemical propulsion thrusters, electric propulsion thrusters, propellant feed systems, rocket motors, nozzles, propulsion thermal control and power processing units. The orbits of space propulsion are low earth orbit (LEO), medium earth orbit (MEO), geostationary earth orbit (GEO), and beyond geosynchronous orbit. The global space propulsion market is segmented – 1) By Type: Chemical Propulsion, Non-chemical Propulsion 2) By Platform: Satellites, Capsules\Cargos, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, Launch Vehicles 3) By End User: Commercial, Government & Defense 4) By System Component: Chemical Propulsion Thrusters, Electric Propulsion Thrusters, Propellant Feed Systems, Rocket Motors, Nozzles, Propulsion Thermal Control, Power Processing Units 5) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO), Beyond Geosynchronous Orbit 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 market size of global space propulsion is expected to grow to $15.56 billion in 2027 at a CAGR of 13.8%. 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 new facility will permit innovation in propulsion technology, including low cost development and testing of more capable engines for interplanetary travel. So, increasing investments in space technology will drive the space propulsion market going forward. Major players in the space propulsion market are 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. Research and development are a key trend gaining popularity in the space propulsion market. For instance, in 2021, the US federal government remains the major source of funding for space R&D. Investment in new space industries now accounts for approximately $5 billion to $6 billion per annum in Space Research & Development investment up from less than $1 billion only a decade ago. Some of these industries receive funding from investment firms, while others are backed by their wealthy founders. Commercial research and development investing within the space department have grown by 22% per annum and more than twice the 10% improvement for US government spending. In 2021, Astra, a US-based company focused on commercial rockets and satellites, announced the acquisition of electric propulsion maker Apollo Fusion for a final purchase price of $50 million. with $30 million in stock and $20 million in cash. This acquisition could strengthen Astra's ability to efficiently manage and supply spacecraft beyond LEO. Apollo Fusion is a US-based company that produces two EP thruster systems, the Apollo Constellation Engine (ACE) and the ACE Max. North America was the largest region in the space propulsion market in 2022. North America is expected to be the fastest-growing region in the space propulsion market share during the forecast period. The regions covered in the space propulsion market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the space propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The space propulsion market consists of sales of electric, and propellant-less space propulsions. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The space propulsion market research report is one of a series of new reports from The Business Research Company that provides space propulsion market statistics, including space propulsion industry global market size, regional shares, competitors with a space propulsion market share, detailed space propulsion market segments, market trends and opportunities, and any further data you may need to thrive in the space propulsion industry. This space propulsion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A propulsion system is a machine that provides a propelling or driving force to push a forward motion in the object using Newton’s third law of action and reaction. The propulsion systems are used to generate thrust to accelerate spacecraft and artificial satellites. The main types of propulsion systems are air-breathing and non-air breathing. Air-breathing uses oxygen from the atmosphere in the combustion of fuel. The propulsion system is widely used in missiles, aircraft, spacecraft, and unnamed aerial vehicles, and they are utilized by end-users ranging from commercial, government, and military. The global propulsion systems market is segmented - 1) By Type: Air Breathing, Non-Air Breathing 2) By Application: Airplanes, Missiles, Unnamed Aerial Vehicles, Spacecraft 3) By End-User: Commercial, Government & Military The global propulsion systems market size will grow from $286.93 billion in 2022 to $311.47 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. 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 market size of global propulsion systems is expected to grow to $426.25 billion in 2027 at a CAGR of 8.2%. Rising defense expenditure is expected to propel the growth of the propulsion systems market going forward. Defense expenditure refers to the amount that a country spends on military measures or resources. Increasing defense expenditure is expected to boost demand for propulsion systems, as they play an integral role in various products such as rockets, unmanned aerial vehicles, satellite rockets, aircraft, and others. For instance, according to Stockholm International Peace Research Institute, a Sweden-based independent resource on global security, total global military expenditure increased by 0.7% to $2113 billion in 2021. Therefore, rising defense expenditure is expected to boost demand for propulsion systems market during the forecast period. Major players in the propulsion systems market are CFM International, General Electric Company, Rolls-Royce Holdings, United Technologies, Safran S.A., Honeywell International Inc., GKN Ltd., MTU Aero Engines AG, United Engine Corporation, Aero Engine Corporation of China, 3W International GmbH, Bombardier Recreational Products Inc., and Space Exploration Technologies Corp. Technological advancement is a key trend gaining popularity in the propulsion systems market. Major market players are concentrating their efforts on creating innovative technologies to strengthen their position in the propulsion systems market. For instance, in November 2020, the National Aeronautics and Space Administration, an independent agency of the U.S. federal government responsible for space research, outfitted the DART spacecraft with a Next-Gen technology demonstration propulsion system called NEXT-C (NASA’s Evolutionary Xenon Thruster-Commercial) ion propulsion system. The new technology propulsion system is expected to help in making spacecraft deliberately targeted to strike an asteroid at high speed. In October 2021, Trentar, a Mumbai-based UAV manufacturer, acquired Trishula for an undisclosed amount. The acquisition would help the Indian UAV market become independent and self-sufficient. Trishula is a Hyderabad-based propulsion system startup. North America was the largest region in the propulsion systems market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the propulsion systems market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the propulsion systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The propulsion system market consists of sales of the propeller, the turbine (or jet) engine, the ramjet, and the rocket. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The propulsion systems market research report is one of a series of new reports from The Business Research Company that provides propulsion systems market statistics, including propulsion systems industry global market size, regional shares, competitors with a propulsion systems market share, detailed propulsion systems market segments, market trends and opportunities, and any further data you may need to thrive in the propulsion systems industry. This propulsion systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The satellite manufacturing and launch system refer to systems that are used for remote transmission, detection, inspection, communication, traffic control, and telemetry. A satellite is an artificially designed machine, placed in an earth’s orbit to perform various applications such as navigation, weather monitoring, and space telescopes. A launch vehicle is used to place a satellite into earth’s orbit. The main technology types in the satellite manufacturing and launch systems market are satellite manufacturing and satellite launch system. The prime contractor and manufacturer of the satellite that is a party to the satellite purchase agreement are referred to as the satellite manufacturer. Satellite manufacturing and launch systems are lower earth orbit (LEO) satellites, medium earth orbit (MEO) satellites, geosynchronous equatorial orbit (GEO) satellites, and beyond GEO satellites types that have applications in commercial communications, government communications, earth observation services, research and development, navigation, military surveillance, scientific applications, other applications and can be used by military and government, commercial and other end-users. The global satellite manufacturing and launch systems market is segmented - 1) By Technology Type: Satellite Manufacturing, Satellite Launch System 2) By Satellite Type: Lower Earth Orbit (LEO) Satellites, Medium Earth Orbit (MEO) Satellites, Geosynchronous Equatorial Orbit (GEO) Satellites, Beyond GEO Satellites 3) By Application: Commercial Communications, Government Communications, Earth Observation Services, Research and Development, Navigation, Military Surveillance, Scientific Applications, Other Applications 4) By End-User: Military and Government, Commercial, Other End-Users The global satellite manufacturing and launch systems market size will grow from $22.69 billion in 2022 to $25.09 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. 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 market size of global satellite manufacturing and launch systems is expected to grow to $35.12 billion in 2027 at a CAGR of 8.8%. The increased demand for satellites from the civil/government, commercial, and military sectors is significantly contributing to the growth of the satellite manufacturing and launch market. Satellite technologies are rapidly used by military forces around the world to enhance their defense resources. Various tests and experiments are being carried out by government organizations and defense forces across the world to launch space-attacking facilities. Ground-to-space war, like attacking satellites from the earth, space-to-space war, such as satellites attacking satellites, and space-to-earth war, such as satellites targeting earth-based objects, are all several types of space warfare. For instance, in May 2021, United Launch Alliance (ULA), launched the fifth Space-Based Infrared System satellite for the U.S. space force. With the help of its onboard infrared sensors, the $1 billion satellite, built by a US-based aerospace company, Lockheed Martin, is created to recognize and track plumes produced by missile launches throughout the world. Its abilities will allow the US to prepare for any imminent attacks. Therefore, increased demand for satellites from the civil/government, commercial, and military sectors is expected to drive the growth of the satellite manufacturing and launch market. Major players in the satellite manufacturing and launch systems market are Northrop Grumman Corporation, ArianeGroup, Space Exploration Technologies Corp., Blue Origin, Lockheed Martin Corporation, The Boeing Company, Sierra Nevada Corporation, Thales Group, Maxar Technologies Inc., Dynetics Inc., Nano Avionics, Israel Aerospace Industries Ltd., and OHB SE. The utilization of 3D technology in manufacturing is a key trend gaining popularity in the satellite manufacturing and the launch systems market. 3D printing makes available a final product to be generated directly through computer-aided drafting (CAD) designing. The 3D printing technology, frequently described as additive manufacturing, is used by the satellite industry to optimize cost, accelerate production, and increase performance. This technology is used to design and manufacture various components of satellites such as radiofrequency components, antennas, and others. For instance, in February 2021, Netherlands-based aerospace company, Airbus designed a radiofrequency component for its telecommunication satellite by using its additive layer manufacturing (ALM) technology also called 3D printing. Furthermore, In January 2022, Fleet space an Australian company developed the first fully 3D printed satellite Alpha, which launched in the next 12 months. Alpha had a major step forward and for the first time, a satellite has been created entirely through 3D printing. By bringing together the deployment, creation, and service of space technology this has become a global leader in space technology and supports Australia’s ambition to lead this critical field. In September 2021, BAE Systems, a UK-based multinational arms, security, and the aerospace company announced the acquisition of In-Space Missions with a deal value of $18 million. This acquisition is subject to combining a range of space capabilities that help deliver information advantage, multi-domain operations, and networking for its customers. In-Space Missions is a UK-based company, that specialized in designing, building, and operating satellites and satellite systems. North America was the largest region in the satellite manufacturing and launch systems market in 2022. The Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite manufacturing and launch systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the satellite manufacturing and launch systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The satellite manufacturing and launch system market consists of sales of satellite and launch systems such as highly elliptical orbit, near-polar sun-synchronous orbit, polar orbit, and geostationary transfer orbit.  Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The satellite manufacturing and launch systems market research report is one of a series of new reports from The Business Research Company that provides satellite manufacturing and launch systems market statistics, including satellite manufacturing and launch systems industry global market size, regional shares, competitors with a satellite manufacturing and launch systems market share, detailed satellite manufacturing and launch systems market segments, market trends and opportunities, and any further data you may need to thrive in the satellite manufacturing and launch systems industry. This satellite manufacturing and launch systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Rocket propulsion refers to the act of pushing a rocket forward with force in order to launch it into the atmosphere. The rocket propulsion is used to produce thrust, the force which moves a rocket through the air and through space. Rockets require a solid or liquid propellant, which consists of a fuel source and an oxidizer which provides the oxygen required to burn the fuel. The main types of rocket propulsion markets are solid propulsion, liquid propulsion, and hybrid propulsion. Solid propulsion refers to a type of propulsion system in which, the fuel and oxidizer are mixed together into a solid propellant and used as boosters for launch. The orbits in rocket propulsion include LEO, MEO, GEO, and beyond GEO. The different launch vehicle types utilizing in rocket propulsion systems include manned and unmanned. The various end-users of rocket propulsion systems include civil and commercial, and military. The global rocket propulsion market is segmented - 1) By Propulsion Type: Solid, Liquid, Hybrid 2) By Orbit Type: LEO, MEO, GEO, Beyond GEO 3) By Launch Vehicle Type: Manned, Unmanned 4) By End User Type: Civil and Commercial, Military The global rocket propulsion market size grew from $5.21 billion in 2022 to $5.64 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. 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 market size of global rocket propulsion is expected to grow to $7.86 billion in 2027 at a CAGR of 8.6%. Increased spending and capital investment by government bodies and space companies are significantly driving the rocket propulsion market. Capital investment refers to the acquisition of physical assets by a company for use in furthering its long-term business goals and objectives. Industries are investing huge capital in space exploration, and product innovation for technological advancements, and government agencies also taking initiatives and allowing them to spend more on research and development and produce more efficient and creative technology. For instance, according to Space Capital LP, a US-based venture capital firm that invests in space-based technologies, with another $7.2 billion invested in the Q1 2022, venture capital invested $17.1 billion into 328 space companies in 2021, accounting for 3% of total global venture capital flows. According to USAspending, a US-based official open data source of federal spending information, in FY 2022, the National Aeronautics and Space Administration (NASA) had $30.44 bn in available budgetary resources distributed among its 1 agency sub-components to drive advances in technology, aeronautics, and space exploration to enhance knowledge and innovation. Therefore, increasing spending and capital investment by government bodies and space companies is predicted to boost demand for rocket propulsion systems during the forecast period. Technological advancements and innovations are the key trends gaining popularity in the rocket propulsion market. Many research institutes and companies are developing innovative products to meet industry demands and strengthen their business presence in the rocket propulsion systems sector. For instance, according to Science Daily, a US-based press release that publishes about science, in 2020, researchers from the University of Central Florida invented a new rocket propulsion system, known as a rotating detonation rocket engine, that allows upper-stage rockets for space missions to become lighter, travel farther, and burn more cleanly. This technique increases the efficiency of rocket engines, allowing greater power to be created while consuming less fuel than typical rocket energy, decreasing the rocket's load, costs, and pollutants. Major players in the rocket propulsion market are Aerojet Rocketdyne, Mitsubishi Heavy Industries, Space Exploration Technologies Corp., Safran S.A., Blue Origin, JSC Kuznetsov, Yuzhmash, Rocket Lab, NPO Energomash, Orbital ATK, Lockheed Martin, Thales Group, Kongsberg Gruppen ASA, The Raytheon Company, and Roketsan A.S. In August 2021, Phantom Space Corporation, a US-based space transportation and rocket manufacturing company, acquired Micro Aerospace Solutions for an undisclosed amount. This deal is expected to help Phantom Space Corporation expand space access by mass-producing launch vehicles, satellites, and space propulsion technologies. Micro Aerospace Solutions is a US-based company, that manufactures space propulsion systems and specializes in thruster design and propulsion systems. Asia-Pacific was the largest region in the rocket propulsion market in 2022, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the rocket propulsion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the rocket propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The rocket propulsion market consists of sales of cryogenic propulsion, electric propulsion system and nuclear propulsion. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The rocket propulsion market research report is one of a series of new reports from The Business Research Company that provides rocket propulsion market statistics, including rocket propulsion industry global market size, regional shares, competitors with a rocket propulsion market share, detailed rocket propulsion market segments, market trends and opportunities, and any further data you may need to thrive in the rocket propulsion industry. This rocket propulsion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A rocket engine is a component of a propulsion system that uses the combustion of reactive chemicals to supply the necessary energy to run the rocket. The rocket engine uses fuel and a source of oxygen to produce hot exhaust and accelerates the flow and produces thrust. The main types of rocket engines are physically powered, chemically powered, electrically powered, thermal, and nuclear. Electrically powered rocket engines employ electricity to accelerate a propellant using various electrical and/or magnetic techniques. The various products include liquid rocket engines and solid rocket engines that are used in spacecraft, ballistic missiles, and others. The global rocket engines market is segmented - 1) By Type: Physically Powered, Chemically Powered, Electrically Powered, Thermal, Nuclear 2) By Product Type: Liquid Rocket Engine, Solid Rocket Engine 3) By Application: Spacecraft, Ballistic Missiles, Others The global rocket engines market size will grow from $2.77 billion in 2022 to $2.71 billion in 2023 at a compound annual growth rate (CAGR) of -2.1%. 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 market size of the global rocket engines is expected to grow to $3.17 billion in 2027 at a CAGR of 3.9%. Increasing rocket launches are expected to drive the growth of the rocket engines market in the forecast period. Over the next decade, hundreds of corporations and government agencies around the world are planning to launch rockets and place tens of thousands of satellites in large low-Earth orbit constellations. In 2019, there were 102 orbital launch attempts worldwide, with 97 of them reaching orbit. By 2025, the U.S. launch rate alone will double to around 200 launches each year, even if half of the strategies are successful. Therefore, the increasing rocket launches propel the growth of the rocket engines market. Major players in the rocket engines market are Aerojet Rocketdyne, Space X, Roscosmos, Mitsubishi Heavy Industries, Northrop Grumman, Safran, China Aerospace Science, and Technology Corporation (CASC), NASA, Blue Origin, Lockheed Martin, The Boeing Company and Rocket Lab. The high investment required for producing and procuring rocket engines is expected to hinder the growth of the rocket engine market in the forecast period. Rocket engines, which are extremely complex machines, require the most efficient combustion systems to move a spacecraft that requires extensive research and development and expensive components to manufacture. For instance, in May 2020, NASA awarded a contract to the U.S.-based rocket engine manufacturer, Aerojet Rocketdyne, to develop 18 Space Launch System (SLS) RS-25 rocket engines to support its Artemis Moon missions. This cost around $1.79 billion, including the amount required to develop and test these engines. Therefore, the high investment required for producing and procuring rocket engines restrains the growth of the rocket engine market. 3D printing technology is the key trend gaining popularity in the rocket engines market. Space organizations and private companies are designing 3D-printed rocket engines to reduce costs and speed up production. For instance, in September 2020, NASA's Rapid Analysis and Manufacturing Propulsion Technology (RAMPT) project is developing the production of an additive manufacturing methodology utilizing metal powder and lasers to 3D print rocket engine components. This technology is expected to reduce the cost of manufacturing complex combustion parts and also reduce the lead time of production. In February 2020, Skyrora, a US-based rocket start-up company, successfully tested its 3D-printed rocket engines market. In December 2020, Lockheed Martin, a US-based defense contractor, acquired Aerojet Rocketdyne for an amount of $4.4 billion. The acquisition expands Lockheed Martin's propulsion expertise, and Aerojet Rocketdyne's technologies were already 'key components' of Lockheed's supply chain. Aerojet Rocketdyne is a US-based rocket engine and missile manufacturer. North America was the largest region in the rocket engines market in 2022. North America is expected to be the fastest-growing region in the global rocket engines market share during the forecast period. The regions covered in the global rocket engines market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the rocket engines market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The rocket engine market consists of sales of rocket engines of various types to run the rockets. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD (cash), unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The rocket engines market research report is one of a series of new reports from The Business Research Company that provides rocket engines market statistics, including rocket engines industry global market size, regional shares, competitors with a rocket engines market share, detailed rocket engines market segments, market trends and opportunities, and any further data you may need to thrive in the rocket engines industry. This rocket engines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A reusable launch vehicle refers to a launch vehicle that can be launched more than once. It is designed to return to earth completely unharmed, or it has vehicle stages that a launch operator may be retrieved and employed in the future to run an essentially comparable launch vehicle. These vehicles can dramatically reduce launch costs, decreasing the barrier to entry into space. The main types of reusable launch vehicle are partially reusable launch vehicle and fully reusable launch vehicle. Partially reusable launch vehicles refer to launch vehicles that allow the reuse of the first stage. Partially reusable launch vehicles are used to save launch expenses by 30% to 40% overall. The different types of reusable launch vehicle are low earth orbit (LEO) and geosynchronous transfer orbit (GTO), that has multiple vehicle weight up to 6,000 lbs, 6,000 to 10,000 lbs and over 10,000 lbs, which is configured in a single stage and multistage. The different applications include commercial and defense. The global reusable launch vehicle market is segmented - 1) By Type: Partially Reusable Launch Vehicle, Fully Reusable Launch Vehicle 2) By Orbit Type: Low Earth Orbit (LEO), Geosynchronous Transfer Orbit (GTO) 3) By Vehicle Weight: Up to 6,000 lbs, 6,000 to 10,000 lbs, Over 10,000 lbs 4) By Configuration: Single Stage, Multi Stage 5) By Application: Commercial, Defense The global reusable launch vehicle market size grew from $1.88 billion in 2022 to $2.15 billion in 2023 at a compound annual growth rate (CAGR) of 14.1%. 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 market size of global reusable launch vehicle is expected to grow to $3.38 billion in 2027 at a CAGR of 12.0%. The rise in satellite launches is expected to propel the growth of the reusable launch vehicle market going forward. Satellite launches refer to the launch of satellites into space or the air. The rise in satellite launches can profit from using reusable launch vehicles as they reduce the cost of launching the satellite. For instance, in October 2020, according to the World Economic Forum, a Switzerland-based international non-governmental and lobbying organization, 2,666 active satellites were orbiting the earth in April 2020. Furthermore, it is expected that 990 satellites will be launched per year for the next ten years, counting 15,000 satellites in orbit by 2028. Additionally, following the launch of 358 satellites in April, SpaceX launched 175 additional satellites in a single month, from August to September 2020. Therefore, the rise in satellite launches drives the growth of the reusable launch vehicle market. Major players in the reusable launch vehicle market are LinkSpace Aerospace Technology Group, Blue Origin LLC, the National Aeronautics and Space Administration (NASA), the Indian Space Research Organisation, Space Exploration Technologies Corp. (SpaceX), The Boeing Company, the United Launch Alliance (ULA), the European Space Agency, Ariane Group, the German Aerospace Center, Relativity Space, Galactic Energy, I-space (Beijing Interstellar Glory Space Technology Co., Ltd.), PLD Space, and Bellatrix Aerospace. Technology advancement is a key trend gaining popularity in the reusable launch vehicle market. Major companies operating in reusable launch vehicles are developing technologically advanced reusable launched vehicles to sustain their position in the market. For instance, in September 2022, ArianeGroup, a France-based aerospace company, launched Susie (Smart Upper Stage for Innovative Exploration). Susie is a versatile, modular, safe, and dependable vehicle used to carry out critical tasks in space. It has a huge internal bay (40 m3) that will be ideal for freight or payload transport along with crewed flights. Susie is a fully integrated concept that aims to increase reuse opportunities and thus reduce operational costs. In August 2021, Vector Acquisition Corporation, a US-based financial services company, merged with Rocket Lab. With this merger, both companies intend to support future space application activities to supply data and services from space and additional organic and inorganic expansion in the Space Systems ecosystem. Rocket Lab is a US-based company that manufactures reusable launch vehicles. North America was the largest region in the reusable launch vehicle market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the reusable launch vehicle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the reusable launch vehicle market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The reusable launch vehicle market consists of sales of satellites, spacecraft, spaceships, and rockets. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The reusable launch vehicle market research report is one of a series of new reports from The Business Research Company that provides reusable launch vehicle market statistics, including reusable launch vehicle industry global market size, regional shares, competitors with a reusable launch vehicle market share, detailed reusable launch vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the reusable launch vehicle industry. This reusable launch vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Space situational awareness refers to tracking objects in space, including their identification, orbit determination, awareness of the environment they are working in, and prediction of future positions and potential dangers. It is used to forecast object collisions and warn space operators of potentially hazardous close approaches in order to enable collision avoidance operations. The major solutions in space situational awareness are service, payload systems, and software. The service refers to the characterization of space objects to ascertain their orbital trajectory, size, shape, mass, composition, rotational dynamics, and other parameters. The different capabilities include detect, track, and identify (d/t/id), threat warning, and assessment and characterization. The major objects include mission-related debris, rocket bodies, fragmentation debris, functional spacecraft, non-functional spacecraft, and others. The main orbital ranges are near-earth and deep space. Commercial, government, and military are the major end users. The global space situational awareness market is segmented – 1) By Solution: Service, Payload Systems, Software 2) By Capability: Detect, Track, And Identify (D/T/Id), Threat Warning And Assessment, Characterization 3) By Object: Mission-Related Debris, Rocket Bodies, Fragmentation Debris, Functional Spacecraft, Non-Functional Spacecraft, Other Objects 4) By Orbital Range: Near-Earth, Deep Space 5) End Use: Commercial, Government And Military The global space situational awareness market size grew from $1.29 billion in 2022 to $1.42 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. 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 market size of global space situational awareness is expected to grow to $1.87 billion in 2027 at a CAGR of 7.1%. The increase in demand for space-based sensing activities propels the growth of the space situational awareness market going forward. The space-based sensing activities refer to the remote sensing technology that profiles the earth's atmosphere and ionosphere with high vertical resolution and global coverage using GNSS (such as GPS) readings acquired by low-Earth orbiting satellites. The majority of governments employ space situational awareness to plan their space activities because it makes it possible to predict the orbital paths of cataloged objects and trash. For instance, in May 2021, according to the data published by EUROCONTROL, a Belgium-based organization for the safety of air navigation, Aireon’s space-based ADS-B system was integrated into NM’s Enhanced Traffic Flow Management System (ETFMS), which enabled real-time air traffic surveillance data monitoring and improved traffic predictability by 20%. Furthermore, in September 2021, HawkEye 360, a US-based geospatial analytics company, launched 3 satellites into orbit for the analysis of RF geospatial intelligence. Therefore, increasing demand for space-based sensing activities is driving the growth of the space situational awareness market. Major players in the space situational awareness market are Lockheed Martin Corporation, Kratos Defense & Security Solutions Inc., Polaris Alpha Advanced Systems Inc., Applied Defense Solutions, Schafer, L3 Harris Technologies, Harris Company, GMV Corporation, Vision Engineering Solutions, Norstar Space Data, SpaceNav LLC, Elecnor Deimos Group, ExoAnalytic Solutions Inc., Honeywell International Inc., and DRS Technologies. Technological advancement has been an emerging trend gaining popularity in the space situational awareness market. Major companies operating in the space situational awareness sector are focused on technological advancement to sustain their position in the market. For instance, in April 2022, Fujitsu, a Japan-based information and communications technology equipment and services company, introduced new technology for mapping and analyzing space debris. This technology consists of an SSA (Space Situational Awareness System) system along with radar and an optical telescope. The new radar from JAXA (Japan Aerospace Exploration Agency), integrated with technology, is intended to observe roughly 10,000 objects each day and can also detect tiny things. This technology enables operators to automatically determine the likelihood of a predicted collision and make the required route adjustments to reduce hazards and prevent any potential collisions with space junk. In October 2020, Ansys, a US-based engineering simulation software company, acquired Analytical Graphics Inc. (AGI) for a deal amount of $ 722.5 million. Ansys expanded its simulation portfolio by incorporating AGI's space situational awareness tools and enabling its customers to stimulate the space mission from the chip level up to the satellite's orbital mechanics and connectivity to ground stations. Analytical Graphics Inc. is a US-based defense and space manufacturing company engaged in space situational awareness capabilities. North America was the largest region in the space situational awareness market in 2022. North America is expected to be the fastest growing region in the space situational awareness market share during the forecast period. The regions covered in the space situational awareness market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the space situational awareness market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The space situational awareness market includes revenues earned by entities from space weather forecasts and warnings, radiofrequency interference notifications, disposal/end-of-life-support, tracking space debris, re-entry predictions, orbit determination, launch and early orbit phase, on-orbit conjunction assessment, mission support & navigation, de-orbit support, breakups and separations, space object identification and launch detection. The market value includes the value of related goods sold by the service provider or included within the service offering. The space situational awareness market also includes sales of radar sensors, telescopes, satellites, orbit determination tool kits, comspoc, space data center, space event generators, and joint space operations centers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The space situational awareness market research report is one of a series of new reports from The Business Research Company that provides space situational awareness market statistics, including space situational awareness industry global market size, regional shares, competitors with space situational awareness market share, detailed space situational awareness market segments, market trends, and opportunities, and any further data you may need to thrive in the space situational awareness industry. This space situational awareness market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Space traffic management is a set of technological and regulatory provisions intended to ensure safe entry, operations in space, and return from space to earth free of physical or radio-frequency interference. The space traffic management is used to provide a solid framework for on-orbit coordination of activities to improve the safety, stability, and sustainability of space operations. The main activities of space traffic management are space situational awareness, space debris remediation, space orbit management, and launch vehicle operation. Space situational awareness (SSA) is referred to the process of keeping track of objects in orbit and forecasting their real-time location and is used to track objects in orbit. The orbits include LEO, MEOand elliptical, and GEO. The various applications include communication, earth observation, navigation, global positioning system, and surveillance, technology development and education, and other applications. The end users include civil and government, commercial, and military. The global space traffic management market is segmented – 1) By Activity: Space Situational Awareness, Space Debris Remediation, Space Orbit Management, Launch Vehicle Operation 2) By Orbit: LEO, MEO And Elliptical, GEO 3) By Application: Communication, Earth Observation, Navigation, Global Positioning System And Surveillance, Technology Development And Education, Other Applications 4) By End Use: Civil And Government, Commercial, Military The global space traffic management market size grew from $13.07 billion in 2022 to $14.66 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 market size of the space traffic management is expected to grow to $21.43 billion in 2027 at a CAGR of 9.9%. The rising threat of space debris is expected to drive the growth of the space traffic management market going forward. Space debris refers to the non-functional remains of artificial objects in space, particularly those revolving around the Earth's orbit. Space traffic management helps in monitoring and tracking functional and non-functional satellites, avoiding collisions with space debris and creating less debris, further paving a smooth path for satellites. For instance, according to an article published in May 2021 by The National Aeronautics and Space Administration, an independent agency of the U.S. federal government responsible for the civil space program, more than 27,000 pieces of orbital debris are tracked by the Department of Defense’s global Space Surveillance Network (SSN) sensors. Thus, the rising threat of space debris is driving the space traffic management market. Major players in the space traffic management market are Thales Group, L3Harris Technologies Inc., Boeing Company, Airbus Group, BAE Systems plc, Northrop Grumman, Raytheon Technologies, Saab AB, Kayhan Space, Lockheed Martin Corporation, Starfish Space, OKAPI: Orbits GmbH, Scout Space, Neuraspace and Indra. Advancement in space debris monitoring platforms is a key trend gaining popularity in the space traffic management market. Major companies operating in the space traffic management market are developing space debris monitoring platforms to strengthen their position in the space traffic management market. For instance, in March 2022, Neuraspace, a Portugal-based space start-up developed an advanced AI-powered space debris monitoring and satellite collision avoidance platform, to enable safe and sustainable in-orbit operations. In May 2022, EMCORE Corporation, a US-based leading provider of advanced mixed-signal products for aerospace, defense, and broadband communications, acquired L3 Harris’s space and navigation for an amount of $5 million. This acquisition enables EMCORE to offer a broader product portfolio to customers in the tactical, navigation, and increasing launch vehicle and space satellite markets. L3 Harris is a US-based provider of tactical communications, geospatial systems, air traffic management, avionics, and space and intelligence. North America was the largest region in the space traffic management market in 2022. Asia-Pacific is expected to be the fastest-growing region in the space traffic management market share during the forecast period. The regions covered in the space traffic management market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the space traffic management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The space traffic management market consists of sales of space traffic management sensors such as thermal, optical and LIDAR sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The space traffic management market research report is one of a series of new reports from The Business Research Company that provides Space traffic management market statistics, including Space traffic management industry global market size, regional shares, competitors with a Space traffic management market share, detailed Space traffic management market segments, market trends and opportunities, and any further data you may need to thrive in the Space traffic management industry. This Space traffic management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.