Global Space Propulsion System Market

Global Space Propulsion System Market Focus on Application, Type, and End-User - Analysis and Forecast, 2018-2023 February 2019

Global Space Propulsion System Market

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Global Space Propulsion System Market

Preface Global space propulsion system market is largely driven by launch vehicles and satellites, which are an important aspect of the global space industry. U.S., China, Japan, France, and Russia are some of the dominant countries which have developed propulsion systems across different applications. As the demand for satellites and launch vehicles is increasing predominantly, the global space propulsion system market is witnessing extensive research and development. This is consequently expected to create huge growth in the market in the coming years.

The space propulsion system market research study offers a wide perspective on the analysis of the industry. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid, and unpaid databases), along with the analytical tools, that have been used to build the forecast and the predictive models.

This study was designed to answer some of the most crucial aspects of the global space propulsion system market, which are as follows: 

What is the global space propulsion system market size in terms of revenue ($Million) and volume (Unit) from 2018-2023?



Which end user is dominant in the space propulsion system market in the forecast period?



What is the revenue generated by the different applications in the space propulsion system market?



Which type of propulsion system occupied the highest share in the space propulsion system market?



What is the revenue generated by the different end users in the space propulsion system market?



How is the propulsion system development technology taking shape in the space propulsion system market?

The report is a compilation of various segmentations, such as, market breakdown by end user, application, and type. While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the types of propulsion systems equipped in satellites and launch vehicles. The report is based on discussions and interviews with the top management of several leading space propulsion system manufacturers, Tier 1 suppliers, and component providers.

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Global Space Propulsion System Market

The space propulsion system market is not expected to play out the same way for every region or end user, so this report segments the market accordingly and breaks down the industry geographically as follows: North America (the U.S. and Canada), Europe (France, Germany, Russia, Italy, and Rest-ofEurope), Asia-Pacific (China, India, Japan, and Rest-of-APAC), Latin America, Middle East & Africa, and others. Each geographical region analysis details the individual push and pull forces in addition to the key players from that particular region.

BIS Aerospace and Defense, February 2019

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Global Space Propulsion System Market

Table of Contents 1.

Market Dynamics .................................................................................................. 30 1.1

1.2

1.3

2.

Drivers .............................................................................................................. 31 1.1.1

Global Growth in Satellite Launches .................................................. 31

1.1.2

Increasing Research and Development Activities to Develop Cost Efficient Propulsion Technology................................................ 32

1.1.3

Increasing Investments in Launch Vehicle Industry ......................... 33

Challenges ....................................................................................................... 34 1.2.1

High Cost Involved in the Development of Space Propulsion System ................................................................................................... 34

1.2.2

Regulation Pertaining to Space Propulsion System ......................... 36

Market Opportunities ...................................................................................... 37 1.3.1

Ongoing Developments for Nano Material based Space Propulsion System ............................................................................... 37

1.3.2

Propulsion System Manufactured through 3D Printing .................... 38

Competitive Insights ............................................................................................ 40 2.1

2.2 3.

Key Market Strategies and Developments .................................................... 42 2.1.1

Partnerships, Collaborations, and Business Contracts .................... 43

2.1.2

Product Launches ................................................................................ 44

2.1.3

Mergers and Acquisitions .................................................................... 45

2.1.4

Other Developments ............................................................................ 46

Market Share Analysis .................................................................................... 46 Industry Analysis .................................................................................................. 49

3.1

Emerging Start-ups in Space Propulsion System Market ........................... 49

3.2

Cost Analysis for Space Propulsion System ................................................ 51

3.3

Patent Analysis ............................................................................................... 53

3.4

Supply Chain Analysis.................................................................................... 59

3.5

Industry Attractiveness .................................................................................. 61 3.5.1

Bargaining Power of Suppliers ........................................................... 62

3.5.2

Bargaining Power of Buyers ............................................................... 63

3.5.3

Threat of New Entrants ........................................................................ 65

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Global Space Propulsion System Market

4.

Threat of Substitutes............................................................................ 66

3.5.5

Intensity of Competitive Rivalry .......................................................... 66

Global Space Propulsion System Market, 2018-2023 ........................................ 69 4.1

Assumptions and Limitations ........................................................................ 69

4.2

Market Overview .............................................................................................. 69

5.

Global Space Propulsion System Market (by Application) ............................... 71 5.1

Market Overview .............................................................................................. 71

5.2

Satellite ............................................................................................................ 73

5.3

Launch Vehicle ................................................................................................ 77

6.

Global Space Propulsion System Market (by Type) .......................................... 81 6.1

Market Overview .............................................................................................. 81

6.2

Satellite ............................................................................................................ 84

6.3

7.

8.

3.5.4

6.2.1

Chemical Propulsion System .............................................................. 84

6.2.1.1

Monopropellant Chemical Propulsion System ........................................ 85

6.2.1.2

Bipropellant Chemical Propulsion System .............................................. 87

6.2.2

Electric Propulsion System ................................................................. 88

6.2.2.1

Ion Electric Propulsion System ............................................................... 90

6.2.2.2

Hall Effect Electric Propulsion System.................................................... 92

6.2.2.3

Pulsed Plasma Electric Propulsion System ............................................ 93

6.2.2.4

Other Electric Propulsion System ........................................................... 94

6.2.3

Hybrid Propulsion System ................................................................... 96

Launch Vehicle ................................................................................................ 97 6.3.1

Solid Propulsion System ..................................................................... 97

6.3.2

Liquid Propulsion System ................................................................... 99

6.3.3

Hybrid Propulsion System ................................................................. 102

Global Space Propulsion System Market (by End User) ................................. 105 7.1

Market Overview ............................................................................................ 105

7.2

Commercial.................................................................................................... 108

7.3

Government & Military .................................................................................. 112 Global Space Propulsion System Market (by Region) .................................... 115

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Global Space Propulsion System Market

8.1

Market Overview ............................................................................................ 115

8.2

North America ............................................................................................... 117

8.3

8.4

8.5

8.2.1

North America Space Propulsion System Market (by Application) ......................................................................................... 118

8.2.2

North America Space Propulsion System Market (by Country) ..... 121

8.2.2.1

The U.S. ............................................................................................... 121

8.2.2.2

Canada ................................................................................................. 122

Europe ............................................................................................................ 123 8.3.1

Europe Space Propulsion System Market (by Application) ............ 124

8.3.2

Europe Space Propulsion System Market (by Country) ................. 125

8.3.2.1

Russia .................................................................................................. 126

8.3.2.2

France .................................................................................................. 127

8.3.2.3

Germany............................................................................................... 128

8.3.2.4

Italy ....................................................................................................... 129

8.3.2.5

Rest-of-Europe ..................................................................................... 130

Asia-Pacific .................................................................................................... 132 8.4.1

Asia-Pacific Space Propulsion System Market (by Application) .... 133

8.4.2

Asia-Pacific Space Propulsion System Market (by Country) ......... 134

8.4.2.1

China .................................................................................................... 134

8.4.2.2

India...................................................................................................... 136

8.4.2.3

Japan.................................................................................................... 137

8.4.2.4

Rest-of-Asia-Pacific .............................................................................. 138

Rest-of-the-World (RoW) .............................................................................. 140 8.5.1

9.

Futuristic Scenario for Space Propulsion System Market .............................. 143 9.1

Upcoming Technologies in Space Propulsion System Market ................. 143 9.1.1

10.

Rest-of-the-World (RoW) Space Propulsion System Market (by Application) ......................................................................................... 141

Ongoing Advancements for Green Propulsion System and Reusable Propulsion System ............................................................ 149

9.2

Business Outlook for Miniaturized Propulsion System (Micro Propulsion System) ...................................................................................... 155

9.3

Opportunities around Deep Space Mission ................................................ 158 Company Profiles ............................................................................................... 163

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Global Space Propulsion System Market

10.1

Accion Systems ............................................................................................ 164

10.1.1

Company Overview ............................................................................ 164

10.1.2

Product Portfolio ................................................................................ 165

10.1.3

Corporate Summary ........................................................................... 165

10.1.4

SWOT Analysis ................................................................................... 166

10.2

Aerojet Rocketdyne ...................................................................................... 167

10.2.1

Company Overview ............................................................................ 167

10.2.2

Product Portfolio ................................................................................ 168

10.2.3

Financials ............................................................................................ 169

10.2.3.1 Overall Financials ................................................................................. 169 10.2.3.2 Financial Summary ............................................................................... 170 10.2.4 10.3

SWOT Analysis ................................................................................... 170

Airbus S.A.S .................................................................................................. 171

10.3.1

Company Overview ............................................................................ 171

10.3.2

Product Portfolio ................................................................................ 172

10.3.3

Financials ............................................................................................ 173

10.3.3.1 Overall Financials ................................................................................. 173 10.3.3.2 Financial Summary ............................................................................... 174 10.3.4 10.4

SWOT Analysis ................................................................................... 175

Ariane Group GmbH ..................................................................................... 176

10.4.1

Company Overview ............................................................................ 176

10.4.2

Product Portfolio ................................................................................ 177

10.4.3

Corporate Summary ........................................................................... 177

10.4.4

SWOT Analysis ................................................................................... 178

10.5

Blue Origin ..................................................................................................... 179

10.5.1

Company Overview ............................................................................ 179

10.5.2

Product Portfolio ................................................................................ 180

10.5.3

Corporate Summary ........................................................................... 180

10.5.4

SWOT Analysis ................................................................................... 181

10.6

IHI Corporation .............................................................................................. 182

10.6.1

Company Overview ............................................................................ 182

10.6.2

Product Portfolio ................................................................................ 183

10.6.3

Financials ............................................................................................ 184

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Global Space Propulsion System Market

10.6.3.1 Overall Financials ................................................................................. 184 10.6.3.2 Financial Summary ............................................................................... 185 10.6.4 10.7

SWOT Analysis ................................................................................... 186

Lockheed Martin Corporation ...................................................................... 187

10.7.1

Company Overview ............................................................................ 187

10.7.2

Product Portfolio ................................................................................ 188

10.7.3

Financials ............................................................................................ 189

10.7.3.1 Overall Financials ................................................................................. 189 10.7.3.2 Financial Summary ............................................................................... 190 10.7.4 10.8

SWOT Analysis ................................................................................... 191

Mitsubishi Heavy Industries Ltd. ................................................................. 192

10.8.1

Company Overview ............................................................................ 192

10.8.2

Product Portfolio ................................................................................ 193

10.8.3

Financials ............................................................................................ 194

10.8.3.1 Overall Financials ................................................................................. 194 10.8.3.2 Financial Summary ............................................................................... 196 10.8.4 10.9

SWOT Analysis ................................................................................... 197

Moog Inc. ....................................................................................................... 198

10.9.1

Company Overview ............................................................................ 198

10.9.2

Product Portfolio ................................................................................ 199

10.9.3

Financials ............................................................................................ 199

10.9.3.1 Overall Financials ................................................................................. 199 10.9.3.2 Financial Summary ............................................................................... 201 10.9.4

SWOT Analysis ................................................................................... 202

10.10 Northrop Grumman Corporation ................................................................. 203 10.10.1

Company Overview ............................................................................ 203

10.10.2

Product Portfolio ................................................................................ 204

10.10.3

Financials ............................................................................................ 206

10.10.3.1 Overall Financials ................................................................................. 206 10.10.3.2 Financial Summary ............................................................................... 207 10.10.4

SWOT Analysis ................................................................................... 208

10.11 OHB System AG ............................................................................................ 209 10.11.1

Company Overview ............................................................................ 209

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Global Space Propulsion System Market

10.11.2

Product Portfolio ................................................................................ 210

10.11.3

Financials ............................................................................................ 211

10.11.3.1 Overall Financials ................................................................................. 211 10.11.3.2 Financial Summary ............................................................................... 212 10.11.4

SWOT Analysis ................................................................................... 213

10.12 Phase Four..................................................................................................... 214 10.12.1

Company Overview ............................................................................ 214

10.12.2

Product Portfolio ................................................................................ 215

10.12.3

Corporate Summary ........................................................................... 215

10.12.4

SWOT Analysis ................................................................................... 216

10.13 Safran ............................................................................................................. 217 10.13.1

Company Overview ............................................................................ 217

10.13.2

Product Portfolio ................................................................................ 218

10.13.3

Financials ............................................................................................ 219

10.13.3.1 Overall Financials ................................................................................. 219 10.13.3.2 Financial Summary ............................................................................... 220 10.13.4

SWOT Analysis ................................................................................... 221

10.14 Space Exploration Technologies Corp. (SpaceX) ...................................... 222 10.14.1

Company Overview ............................................................................ 222

10.14.2

Product Portfolio ................................................................................ 223

10.14.3

Corporate Summary ........................................................................... 223

10.14.4

SWOT Analysis ................................................................................... 224

10.15 Thales Group ................................................................................................. 225 10.15.1

Company Overview ............................................................................ 225

10.15.2

Product Portfolio ................................................................................ 226

10.15.3

Financials ............................................................................................ 227

10.15.3.1 Overall Financials ................................................................................. 227 10.15.3.2 Financial Summary ............................................................................... 228 10.15.4 11.

SWOT Analysis ................................................................................... 229

Research Scope & BIS Methodology ................................................................ 230 11.1

Scope of the Report ...................................................................................... 230

11.2

Global Space Propulsion System Market Research Methodology ........... 231

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Global Space Propulsion System Market

11.3 12.

Assumptions and Limitations ...................................................................... 235

Appendix ............................................................................................................. 236 12.1

Related Reports............................................................................................. 236

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Global Space Propulsion System Market

List of Tables Table 1.1: Space Propulsion System Market: Market Dynamics ........................................................ 30 Table 1.2: Type of Nano Material for Space Propulsion System ......................................................... 37 Table 1.3: Benefits and Challenges of 3D Printing.............................................................................. 38 Table 2.1 Some of the Organic and Inorganic Growth Strategies Adopted by the Key Players .......... 40 Table 3.1: Emerging Start-ups in Space Propulsion System Market ................................................... 49 Table 3.2: Patent Analysis: Geosat Propulsion System Architecture with Electric Apogee Motor ....... 54 Table 3.3: Patent Analysis: Rocket-Engine Propellant Delivery Systems ........................................... 55 Table 3.4: Patent Analysis: Electric Pump Conveying System for Solid-Liquid Rocket Engine ........... 56 Table 3.5: Patent Analysis: Thermoplastic-Aluminum Nanocomposite Based Hybrid Rocket Fuel Grain ............................................................................................................................................................ 57 Table 3.6: Patent Analysis: Maneuvering System for Earth Orbiting Satellites with Electric Thrusters 58 Table 5.1: Global Space Propulsion System Market (by Application), 2017-2023, ($Billion)............... 72 Table 5.2: List of Propulsion Systems and their Advantages and Disadvantages in Satellites............ 75 Table 6.1: Global Space Propulsion System Market (by Type), 2017-2023, ($Million) ....................... 83 Table 6.2: Types and Characteristics of Chemical Propulsion System ............................................... 86 Table 6.3: Types of Cold Gas Thrusters ............................................................................................. 86 Table 6.4: Types and Characteristics of Electric Propulsion system ................................................... 89 Table 6.5: Type and Characteristics of Cryogenic and Non-Cryogenic Propellants in Launch Vehicles .......................................................................................................................................................... 101 Table 6.6: Advantages of Hybrid Propulsion System over Solid and Liquid Propulsion System ....... 104 Table 7.1: Global Space Propulsion System Market (by End User), 2017-2023, ($Billion) ............... 106 Table 7.2: List of major GEO Satellite Contracts and Manufacturers ................................................ 110 Table 8.1: Global Space Propulsion System Market Size (by Region), $Billion, 2017-2023 ............ 116 Table 9.1: List of Green Propulsion Systems: ................................................................................... 150 Table 9.2: Propellants in Green Propulsion System.......................................................................... 150 Table 9.3: Developments in Reusable Propulsion System: .............................................................. 154 Table 9.4: Expected Launches of Small Satellite Constellations by 2023 ......................................... 157 Table 9.5: Details on Deep Space Missions since 2010 ................................................................... 159 Table 9.6: Details of Deep Space Missions in 2019 and 2020 .......................................................... 162

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Global Space Propulsion System Market

List of Figures Figure 1: Characteristics of the Space Propulsion System ................................................................. 23 Figure 2: Global Space Propulsion System Market Overview, 2017 and 2023 ................................... 24 Figure 3: Global Space Propulsion System Market (by Application), 2017-2023 ................................ 25 Figure 4: Global Space Propulsion System Market (by End User), 2017-2023................................... 26 Figure 5: Global Space Propulsion System Market (by Type), 2017-2023.......................................... 27 Figure 6: Global Space Propulsion System Market (by Region), 2017 ............................................... 28 Figure 1.1: Number of Satellites Launched from 2010-2018 ............................................................... 31 Figure 1.2: Rocket Launches from 2005 to 2018 ................................................................................ 33 Figure 1.3: Stages Involved in Research and Development Phase of an Engine: .............................. 35 Figure 2.1: Percentage Share of Strategies Adopted by the Market Players, January 2015-October 2018. Total Developments = 44 .......................................................................................................... 42 Figure 2.2 Partnerships, Agreements, and Contracts Adopted by Key Market Players, 2016-2018 ... 43 Figure 2.3 Product Launches by the Key Market Players, 2016-2018 ................................................ 44 Figure 2.4 Mergers and Acquisitions Adopted by the Key Market Players, 2017-2018 ....................... 45 Figure 2.5 Other Developments by the Key Market Players, 2016-2018 ............................................ 46 Figure 2.6: Global Satellite Propulsion System Market: Market Share Analysis, 2017........................ 47 Figure 2.7 Global Launch Vehicle Propulsion System Market: Market Share Analysis, 2017 ............. 48 Figure 3.1 Cost Analysis for a Satellite Propulsion System................................................................. 52 Figure 3.2 Cost Analysis for a Launch Vehicle Propulsion System ..................................................... 53 Figure 3.3: Space Propulsion System: Supply Chain Analysis ........................................................... 59 Figure 3.4: Space Propulsion System: Porter’s Five Forces ............................................................... 61 Figure 3.5: Bargaining Power of Suppliers .......................................................................................... 63 Figure 3.6: Bargaining Power of Buyers ............................................................................................. 64 Figure 3.7: Threat of New Entrants ..................................................................................................... 66 Figure 3.8: Intensity of Competitive Rivalry ......................................................................................... 68 Figure 4.1: Global Space Propulsion System Market, 2017-2023....................................................... 70 Figure 5.1: Global Space Propulsion System Market (by Application) ................................................ 72 Figure 5.2: Global Space Propulsion System Market (by Application), 2017-2023, (Volume, Units)... 73 Figure 5.3: Global Space Propulsion System Market (by Satellite), 2017-2023 .................................. 74 Figure 5.4: Global Satellite Propulsion System Market (by Sub-Category), 2017-2023 ...................... 76

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Global Space Propulsion System Market

Figure 5.5: Global Launch Vehicle Propulsion System Market, 2017-2023 ........................................ 78 Figure 5.6: Global Launch Vehicle Propulsion System Market (by Subcategory), 2017-2023 ............ 79 Figure 6.1: Global Space Propulsion System Market (by Type), 2017-2023....................................... 82 Figure 6.2: Global Satellite Propulsion System Market (by Chemical Propulsion System), 2017-2023 ............................................................................................................................................................ 84 Figure 6.3: Global Chemical Propulsion System Market (by Monopropellant Chemical Propulsion System), 2017-2023 ........................................................................................................................... 85 Figure 6.4: Global Chemical Propulsion System Market (by Bipropellant Chemical Propulsion System), 2017-2023 .......................................................................................................................................... 87 Figure 6.5: Global Satellite Propulsion System Market (by Electric Propulsion System), 2017-2023 .. 90 Figure 6.6: Global Electric Propulsion System Market (by Ion Electric Propulsion System), 2017-2023 ............................................................................................................................................................ 91 Figure 6.7: Global Electric Propulsion System Market (by Hall Effect Electric Propulsion System), 20172023.................................................................................................................................................... 92 Figure 6.8: Global Electric Propulsion System Market (by Pulsed Plasma Electric Propulsion System), 2017-2023 .......................................................................................................................................... 94 Figure 6.9: Global Electric Propulsion System Market (by Other Electric Propulsion System), 2017-2023 ............................................................................................................................................................ 95 Figure 6.10: Global Satellite Propulsion System Market (by Hybrid Propulsion System), 2017-2023 . 96 Figure 6.11: Global Launch Vehicle Propulsion System Market (by Solid Propulsion System), 20172023.................................................................................................................................................... 98 Figure 6.12: Global Launch Vehicle Propulsion System Market (by Liquid Propulsion System), 20172023.................................................................................................................................................... 99 Figure 6.13: Global Liquid Propulsion System Market (by Subcategory), 2017-2023 ....................... 100 Figure 6.14: Global Launch Vehicle Propulsion System Market (by Hybrid Propulsion System), 20172023.................................................................................................................................................. 103 Figure 7.1: Global Space Propulsion System Market (by End User), 2017-2023.............................. 106 Figure 7.2: Classification of Global Space Propulsion System Market (by End User) ....................... 107 Figure 7.3: Global Space Propulsion System Market (by Commercial), 2017-2023 ......................... 108 Figure 7.4: Global Commercial Space Propulsion System Market (by Application), 2017-2023 ....... 109 Figure 7.5: Global Space Propulsion System Market (by Government & Military End User), 2017-2023 .......................................................................................................................................................... 112

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Global Space Propulsion System Market

Figure 7.6: Global Government & Military Space Propulsion System Market (by Application), 2017-2023 .......................................................................................................................................................... 113 Figure 8.1: Classification of Global Space Propulsion System Market (by Region) .......................... 116 Figure 8.2: Global Space Propulsion System Market (by Region), 2017 and 2023 .......................... 117 Figure 8.3: North America Space Propulsion System Market, 2017-2023 ........................................ 118 Figure 8.4: North America Space Propulsion System Market (by Application), 2017-2023............... 118 Figure 8.5: The U.S. Space Propulsion System Market, 2017-2023 ................................................. 121 Figure 8.6: Europe Space Propulsion System Market, 2017-2023 ................................................... 123 Figure 8.7: Europe Space Propulsion System Market (by Application), 2017-2023 .......................... 124 Figure 8.8: Russia Space Propulsion System Market, 2017-2023 .................................................... 126 Figure 8.9: France Space Propulsion System Market, 2017-2023 .................................................... 127 Figure 8.10: Germany Space Propulsion System Market, 2017-2023 .............................................. 128 Figure 8.11: Italy Space Propulsion System Market, 2017-2023 ...................................................... 130 Figure 8.12: Rest-of-Europe Space Propulsion System Market, 2017-2023 ..................................... 130 Figure 8.13: Asia-Pacific Space Propulsion System Market, 2017-2023 .......................................... 132 Figure 8.14: Asia-Pacific Space Propulsion System Market (by Application), 2017-2023 ................. 133 Figure 8.15: China Space Propulsion System Market, 2017-2023.................................................... 135 Figure 8.16: India Space Propulsion System Market, 2017-2023 ..................................................... 136 Figure 8.17: Japan Space Propulsion System Market, 2017-2023 ................................................... 137 Figure 8.18: Rest-of-Asia-Pacific Space Propulsion System Market, 2017-2023 .............................. 139 Figure 8.19: Rest-of-the-World (RoW) Space Propulsion System Market, 2017-2023 ..................... 140 Figure 8.20: Rest-of-the-World (RoW) Space Propulsion System Market (by Application), 2017-2023 .......................................................................................................................................................... 141 Figure 9.1: Leading Factors for Advancement in Space Propulsion System..................................... 144 Figure 9.2: Space Propulsion Systems and Associated Technologies ............................................. 145 Figure 9.3: Technological Roadmap for Propulsion Systems, 2010-2035......................................... 147 Figure 9.4: Propulsion System Technology Curve in Satellites ......................................................... 148 Figure 9.5: Advantages and Disadvantages of ADN and HAN Technology ...................................... 151 Figure 9.6: Advantages and Disadvantages of Water Propulsion Technology.................................. 152 Figure 9.7: Advantages and Disadvantages of Hydrogen Peroxide Green Propulsion Technology.. 153 Figure 9.8: Global Small Satellite Market, 2017-2023 ....................................................................... 156 Figure 10.1: Share of Key Company Profiles .................................................................................... 163

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Global Space Propulsion System Market

Figure 10.2: Accion Systems - Product Offerings ............................................................................. 165 Figure 10.3: Accion Systems - SWOT Analysis ................................................................................ 166 Figure 10.4: Aerojet Rocketdyne - Product Offerings ........................................................................ 168 Figure 10.5: Aerojet Rocketdyne – Overall Financials, 2015-2017 ................................................... 169 Figure 10.6: Aerojet Rocketdyne – Net Revenue (by Business Segment), 2015 - 2017 ................... 169 Figure 10.7: Aerojet Rocketdyne - SWOT Analysis .......................................................................... 170 Figure 10.8: Airbus S.A.S - Product Offerings................................................................................... 172 Figure 10.9: Airbus S.A.S – Overall Financials, 2015-2017 .............................................................. 173 Figure 10.10: Airbus S.A.S – Net Revenue (by Business Segment), 2015 - 2017 ............................ 173 Figure 10.11: Airbus S.A.S – Net Revenue (by Region), 2015-2017 ................................................ 174 Figure 10.12: Airbus S.A.S - SWOT Analysis ................................................................................... 175 Figure 10.13: Ariane Group GmbH - Product Offerings .................................................................... 177 Figure 10.14: Ariane Group GmbH - SWOT Analysis ....................................................................... 178 Figure 10.15: Blue Origin - Product Offerings ................................................................................... 180 Figure 10.16: Blue Origin – Engine Propellant .................................................................................. 180 Figure 10.17: Blue Origin - SWOT Analysis ...................................................................................... 181 Figure 10.18: IHI Corporation - Product Offerings............................................................................. 183 Figure 10.19: IHI Corporation – Overall Financials, 2015-2017 ........................................................ 184 Figure 10.20: IHI Corporation – Net Revenue (by Business Segment), 2015 - 2017 ........................ 184 Figure 10.21: IHI Corporation – Net Revenue (by Region), 2015-2017 ............................................ 185 Figure 10.22: IHI Corporation - SWOT Analysis ............................................................................... 186 Figure 10.23: Lockheed Martin Corporation - Product Offerings ....................................................... 188 Figure 10.24: Lockheed Martin Corporation – Overall Financials, 2015-2017 .................................. 189 Figure 10.25: Lockheed Martin Corporation – Net Revenue (by Business Segment), 2015 - 2017 .. 189 Figure 10.26: Lockheed Martin Corporation – Net Revenue (by Customers), 2015-2017................. 190 Figure 10.27: Lockheed Martin Corporation - SWOT Analysis.......................................................... 191 Figure 10.28: Mitsubishi Heavy Industries Ltd. - Product Offerings................................................... 193 Figure 10.29: Mitsubishi Heavy Industries Ltd. – Overall Financials, 2015-2017 .............................. 194 Figure 10.30: Mitsubishi Heavy Industries Ltd. – Net Revenue (by Business Segment), 2016 and 2017 .......................................................................................................................................................... 194 Figure 10.31: Mitsubishi Heavy Industries Ltd. – Net Revenue (by Business Segment), 2015 ......... 195 Figure 10.32: Mitsubishi Heavy Industries Ltd. – Net Revenue (by Region), 2015-2017 .................. 195

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Global Space Propulsion System Market

Figure 10.33: Mitsubishi Heavy Industries Ltd. - SWOT Analysis ..................................................... 197 Figure 10.34: Moog Inc. - Product Offerings ..................................................................................... 199 Figure 10.35: Moog Inc. – Overall Financials, 2016-2018 ................................................................. 199 Figure 10.36: Moog Inc. – Net Revenue (by Business Segment), 2016 - 2018 ................................ 200 Figure 10.37: Moog Inc. – Net Revenue (by Region), 2016-2018 ..................................................... 200 Figure 10.38: Moog Inc.- SWOT Analysis ......................................................................................... 202 Figure 10.39: Northrop Grumman Corporation - Product Offerings .................................................. 205 Figure 10.40: Northrop Grumman Corporation – Overall Financials, 2015-2017 .............................. 206 Figure 10.41: Northrop Grumman Corporation – Net Revenue (by Business Segment), 2015 - 2017 .......................................................................................................................................................... 206 Figure 10.42: Northrop Grumman Corporation – Net Revenue (by Region), 2015-2017 .................. 207 Figure 10.43: Northrop Grumman Corporation - SWOT Analysis ..................................................... 208 Figure 10.44: OHB System AG - Product Offerings .......................................................................... 210 Figure 10.45: OHB System AG – Overall Financials, 2015-2017...................................................... 211 Figure 10.46: OHB System AG – Net Revenue (by Business Segment), 2015 - 2017 ..................... 211 Figure 10.47: OHB System AG – Net Revenue (by Region), 2015-2017.......................................... 212 Figure 10.48: OHB System AG - SWOT Analysis............................................................................. 213 Figure 10.49: Phase Four - Product Offerings .................................................................................. 215 Figure 10.50: Phase Four - SWOT Analysis ..................................................................................... 216 Figure 10.51: Safran - Product Offerings .......................................................................................... 218 Figure 10.52: Safran – Overall Financials, 2015-2017 ...................................................................... 219 Figure 10.53: Safran – Net Revenue (by Business Segment), 2015 – 2017..................................... 219 Figure 10.54: Safran – Net Revenue (by Region), 2015-2017 .......................................................... 220 Figure 10.55: Safran - SWOT Analysis ............................................................................................. 221 Figure 10.56: SpaceX - Product Offerings ........................................................................................ 223 Figure 10.57: SpaceX - SWOT Analysis ........................................................................................... 224 Figure 10.58: Thales Group- Product Offerings ................................................................................ 226 Figure 10.59: Thales Group – Overall Financials, 2015-2017 ........................................................... 227 Figure 10.60: Thales Group – Net Revenue (by Business Segment), 2015 - 2017 .......................... 227 Figure 10.61: Thales Group – Net Revenue (by Region), 2015-2017 ............................................... 228 Figure 10.62: Thales Group - SWOT Analysis .................................................................................. 229 Figure 11.1: Global Space Propulsion System Market Segmentation............................................... 230

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Global Space Propulsion System Market

Figure 11.2: Secondary Data Sources .............................................................................................. 232 Figure 11.3: Top Down and Bottom Up Approach ............................................................................ 233 Figure 11.4: Space Propulsion System Market Influencing Factors .................................................. 234 Figure 11.5: Assumptions and Limitations ........................................................................................ 235

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Global Space Propulsion System Market

List of Acronyms Acronyms

Descriptions

AEPS

Advanced Electric Propulsion System

AFRL

Air Force Research Laboratory

ARTES

European Space Agency’s Advanced Research in Telecommunications Systems

CALT

China Academy of Launch Vehicle Technology

CHEOPS

Consortium For Hall Effect Orbital Propulsion System

DARPA

Defense Advanced Research Projects Agency

DoD

U.S. Department of Defense

EAR

Export Administration Regulations

EPIC

Electric Propulsion Innovation & Competitiveness

EPSS

Propulsion System for Small Satellites

EPSS

Enabling Propulsion for Small Satellites

ESA

European Space Agency

FAA

Federal Aviation Administration

GENSO

Global Educational Network for Satellite Operations

GPIMREL

Green Propellant Infusion MissionReaction Engines Limited

HPGP

High Performance Green Propellant

ILS

International Launch Services

IoT

Internet of Things

Isp

specific impulse

ISRO

Indian Space Research Organization

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Global Space Propulsion System Market

ISRO

Indian Space Research Organization

ITAR

International Traffic in Arms Regulations

JAXA

Japan Aerospace Exploration Agency

KeRC

Keldysh Research Centre

LEO

Low Earth Orbit

LNG

Liquid Natural Gas

MMH

monomethylhydrazine

MON

oxides of nitrogen

MoU

Memorandum of Understanding

N2H4

Hydrazine

NASA

National Aeronautics and Space Administration

OFACBN

boron nitride Department of the Treasury’s Office of Foreign Assets Control

PIFAM

Additive manufacturing Public Investment Fund

PPU

Power Processing Unit

PSLV

Polar Satellite Launch Vehicle

R&D

Research and Development

REL

Reaction Engines Limited

RLV

Reusable Launch Vehicles

SALVOFADA

Andalusian Foundation for Aerospace Development Small Air Launch Vehicle to Orbit

SBIGEELV

Evolved Expendable Launch Vehicle Iran’s Shahid Bakeri Industrial Group

SLV

Small Launch Vehicle

SLVs

small launch vehicles

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Global Space Propulsion System Market

SSLVMET

Microwave Electro-thermal Thrusters Small Satellite Launch Vehicle

SSOTILE

Tiled Ionic Liquid Electrospray Sun Synchronous Orbit

SSPEDI

Small Spacecraft Prototyping Engineering Development and Integration – Space Solutions

STDP

Space Technology Development Program

STPACE

Apollo Constellation Engine Space Test Program

STTR

Small Business Technology Transfer

ULA

United Launch Alliance

UM

Unitary Motor

USDAAND

Ammonium Dinitramide United States Department of Agriculture

USML

States Munitions List

ZEpHyR

ZARM Experimental Hybrid Rocket

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Global Space Propulsion System Market

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