The global space propulsion market size is projected to grow from USD 6.7 billion in 2020 to USD 14.

NEW YORK, Oct. 16, 2020 /PRNewswire/ -- The global space propulsion market size is projected to grow from USD 6.7 billion in 2020 to USD 14.2 billion by 2025, at a CAGR of 16.2% from 2020 to 2025. The market is driven by various factors, such as an increase in the number of space exploration missions, demand for LEO-based services, and increasing demand for advanced electric propulsion systems.Read the full report: https://www.reportlinker.com/p05977019/?utm_source=PRNSome of the key players in the space propulsion market include Safran S.A. (France), Aerojet Rocketdyne Holdings, Inc. (US), SpaceX (US), IHI Corporation (Japan), and Northrop Grumman Corporation (US). These players have their presence across various countries in North America, Europe, Asia Pacific, the Middle East & Africa, and South America.COVID-19 Impact on the Space Industry:Launches: Many launch service providers are focused on upcoming launches that were delayed by some time.Rocket Lab (US) has suspended launches for the time being.Guiana Space Center, a French and European spaceport, has suspended flights.Arianespace (France) still launches from Baikonur, Russia.Soyuz MS-16 was launched in April 2020 with a new crew for the International Space Station (ISS), and in August 18, 2020, SpaceX launched its eleventh Starlink mission, which included 58 Starlink satellites and three of Planet's SkySats.The space propulsion market faced a slight decline from 2018 to 2019 due to a decrease in the number of spa....

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