Space Propulsion Market to Hit $19.74 Billion by 2028

The global space propulsion market size was USD 6.23 billion in 2020. The market is expected to grow from USD 7.31 billion in 2021 to USD 19.74 billion in 2028, exhibiting a CAGR of 15.24% during the forecast period. Commercialization of the space industry, entry of new market players, and strong demand for the product from military applications are expected to bolster market growth. Fortune Business Insights provides this information in its report titled “Space Propulsion Market, 2021-2028.”

List of Key Players Profiled in the Report

Safran S.A. (France), Space Exploration Technologies Corporation (SpaceX), (U.S.) Northrop Grumman Corporation (U.S.), Blue Origin LLC (U.S.), Moog Inc. (U.S.), Lockheed Martin Corporation (U.S.), OHB SE (Germany), Sierra Nevada Corporation (U.S.), Thales Group (France), Honeywell International Inc. (U.S.), Ariane Group GmbH (France), Airbus S.E. (France), Cobham Ltd. (U.K.), L3Harris Technologies Inc. (U.S.), The Boeing Company (U.S.).

Source: Fortune Business Insights press release

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