Artificial Intelligence
Global Space Propulsion Market Size/Share Predicted to Reach USD 22,536.23 Million By 2030, at 15.5% CAGR: Strategic Report by Polaris Market Research
New York, NY, Jan. 16, 2023 (GLOBE NEWSWIRE) — Polaris Market Research has published a new research report titled “Space Propulsion Market Share, Size, Trends, Industry Analysis Report, By Type (Chemical Propulsion, Non-Chemical); By System Component; By Platform; By End-use; By Region; Segment Forecast, 2022 – 2030” in its research database.
“According to the latest research study, the demand for global Space Propulsion Market size & share is expected to generate revenue of USD 22,536.23 million by 2030 and is estimated to be valued at USD 6,170.55 million in 2021, at a compound annual growth rate (CAGR) of 15.5% from 2022 to 2030”
What is Space Propulsion? What is the expected Size/Share of the Space Propulsion Market?
- Report Overview
Space propulsion is used to accelerate spacecraft and artificial satellites by producing propulsive force or changing the velocity. The propulsion system includes tanks, pumps, pressure regulators, propellants, power heads, and rocket nozzles. Most spacecraft today are driven by heating the reaction mass engine and ejecting out mass at high speed into the air or space. This type of engine is called a rocket engine which plays a key role in acceleration, attitude control and drag makeup.
When launching a spacecraft from the Earth, a propulsion system is used to provide a net positive acceleration. Aeronautics and space agencies are increasingly using many space propulsion systems due to the presence of a broad range of satellites and space crafts. Many technological developments and the use of composite materials in the manufacturing of components are fueling the growth of the space propulsion market.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Our Sample Report May Includes:
- 2030 Updated Report Introduction, Overview, and In-depth industry analysis.
- 115+ Pages Research Report (Inclusion of Updated Research).
- Provide Chapter-wise guidance on Requests.
- 2022 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures.
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.
Key Highlights of the Report
- Market size (value & volume) by company, key regions/countries, products and applications, history data, and forecast.
- The value and volume of submarkets, with respect to key regions.
- Data on significant drivers, restraints, and opportunities.
- Market segment analysis by types, applications, and regions.
- Value chain analysis with price analysis and forecast.
- Current market trends, application solutions, and market landscapes may be useful to organizations in the industry.
Some of the Top Market Players Are:
- Accion Systems
- Aerojet Rocketdyne Holdings
- IHI Corporation
- Blue Origin
- Northrop Grumman Corporation
- Space Exploration Technologies
- Safran
- Airbus Se
- Thales Alenia Space
For Additional Information on Key Players, Download a PDF Brochure: https://www.polarismarketresearch.com/industry-analysis/space-propulsion-market/request-for-sample
Growth Driving Factors
- Increasing demand for advanced propulsion systems to push the market growth
The growing investment, rising growth in space missions for exploring, and rise in conflicts on borders, are boosting the space propulsion market size. Rockets are used as low Earth orbit (LEO) elevators due to their cost-effectivity, low launch cost, and availability of off-the-shelf satellite components. Thus increasing development of reusable rockets and their demand is anticipated to accelerate the space propulsion industry. For instance, in Oct 2022, OneWeb successfully launched 36 new LEO (Low Earth Orbit) satellites into its constellation from India. This led to enhance global coverage and form connectivity in India and South Asia. A rise in space exploration missions, growing R&D activities, and growing demand for satellite data are the market trends driving the overall demand.
Moreover, a surge in the collaboration between government and private companies is another factor propelling the market growth. The rise in demand for advanced propulsion systems, as well as propulsion systems produced through 3D printing, is predicted to create lucrative opportunities in the space propulsion market. In addition, the increase in demand for satellites for satellite imaging applications is augmenting the industry’s growth.
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Segmental Analysis
- Non- Chemical propulsion type dominates the market over the forecast period
Based on type, the non-chemical propulsion category witnessed the largest space propulsion market share. Solar propulsion is the latest propulsion technology that is cost-effective and safer. It offers superior propulsive power to assist different space exploration missions. In a Laser propulsion system, a spaceship can receive velocity through two methods. The first method transfers energy by the application of photon radiation pressure.
- The thrusters segment is expected to witness the major revenue share
By system, the thrusters category is predicted to account for the highest market share in the space propulsion market because thrusters are majorly used for orbital station-keeping, attitude control, maneuvering, or long-duration, low-thrust acceleration orbit control of satellites. These systems can be classified as either pressure-supplied or pump-fed. Pressure-supplied thrusters are used in auxiliary propulsion as well as space propulsion applications which require low system pressures. However, a pump-fed system is used in a high-pressure, high-performance application.
- The Government and Defense segment holds the largest revenue share during the anticipated period
On the basis of end-use, the Government and Defense generate the greatest market share throughout the foreseen period. A military satellite is an artificial satellite used for military purposes. It has been launched into orbit to perform military activities on the surface of the Earth, including communications, navigation, and reconnaissance.
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Space Propulsion Market: Report Scope
| Report Attribute | Details |
| Revenue forecast in 2030 | USD 22,536.23 Million |
| Market size value in 2022 | USD 7,110.94 Million |
| Expected CAGR Growth | 15.5% from 2022 – 2030 |
| Base Year | 2022 |
| Forecast Year | 2022 – 2030 |
| Top Market Players | Accion Systems, Aerojet Rocketdyne Holdings, IHI Corporation, Blue Origin, Northrop Grumman Corporation, Space Exploration Technologies, Safran, Airbus Se, Thales Alenia Space. |
| Segments Covered | By Type, By System, By Platform, By End Use, By Region |
| Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options |
Geographic Overview
- North America is predicted to acquire the highest market share over the forecast period
Based on geography, the space propulsion market in North America is expected to lead the market with the highest CAGR throughout the predicted period. The key factors supporting regional growth include a large number of commercial space organizations and a high space budget. Also, the presence of the key market players in the region and the expansion of the space industry is favoring the industry growth.
Moreover, Asia-Pacific is likely to grow over the study period owing to the rise in space budgets in China, India, and Japan which has led to rising government and commercial satellite launches. In addition, defense utilities growing demand for satellites in Asia is positively influencing the regional market growth. Increasing space spending and an increasing number of military satellite programs from various APAC countries are driving the space propulsion industry expansion.
Browse the Detail Report “Space Propulsion Market Share, Size, Trends, Industry Analysis Report, By Type (Chemical Propulsion, Non-Chemical); By System Component; By Platform; By End-use; By Region; Segment Forecast, 2022 – 2030” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/space-propulsion-market
For Additional Information OR Media Enquiry, Please Mail At: [email protected]
Recent Developments
- In Sept 2022, Airbus signed an agreement with the Dutch and Czech defense ministries for satellite communications. Airbus UHF (Ultra High Frequency) military communications hosted payload will be used by the armed services on 2 or 3 channels. It will be launched as part of the EUTELSAT 36D communications satellite in 2024.
The Report Responds to The Following Key Questions
- What will be the market size and growth rate by the conclusion of the forecast period?
- What are the major trends in the market that are influencing its growth?
- Who are the key players in this market?
- Which are the key areas of applications and product types that may expect a huge demand during the forecast period?
- What are the main findings of Porter’s five forces analysis and the SWOT analysis of the major companies in the market?
- What are the key strategies adopted by companies in the impact market?
Polaris Market Research has segmented the space propulsion market report based on type, system, platform, end-use, and region:
By Type Outlook
- Chemical Propulsion
- Non-Chemical
By System Outlook
- Thrusters
- Propellant Feed System
- Rocket Motors
- Nozzles
- Propulsion Thermal Control
- Power processing units
By Platform Outlook
- Satellites
- Capsules or Cargo
- Interplanetary Spacecraft and Probes
- Rovers and Spacecraft Landers
- Launch Vehicles
By End-Use Outlook
- Commercial
- Satellites Operators and Owners
- Space Launch Service Provider
- Government of Defense
- Departments of Defense
- National Space Agencies
- Others
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.
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Artificial Intelligence
Identity Governance & Administration Market Projected to Reach $24.42 billion by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 25, 2024 /PRNewswire/ — The report titled “Identity Governance & Administration Market by Component (Services, Solution), Modules (Access Certification & Compliance Control, Access Management, Identity Lifecycle Management), Organization Size, Deployment, Vertical – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $8.46 billion in 2023 to reach $24.42 billion by 2030, at a CAGR of 16.34% over the forecast period.
“Navigating Global Identity Governance With Key Strategies for Digital Security and Compliance”
Identity governance and administration (IGA) has emerged as a critical policy-driven approach aimed at fortifying digital identities within organizations, ensuring that proper access is provided to the right individuals for valid reasons. Across the globe, the demand for IGA solutions is on the rise, driven by the need to tackle sophisticated cyber threats, comply with stringent data protection laws, and adapt to the digitization wave sweeping through industries. Challenges include integrating these solutions with pre-existing IT frameworks, primarily in organizations reliant on legacy systems. The North American market, led by the United States and Canada, is at the forefront of this expansion, embracing technological advancements and stringent regulatory standards. Meanwhile, the Europe, Middle East, and Africa (EMEA) region is navigating its unique landscape, with the EU focusing heavily on compliance through GDPR and the Middle East and Africa gradually recognizing the value of digital security. The Asia-Pacific region is witnessing a significant uptrend in IGA solutions adoption, spurred by digital transformation initiatives and cybersecurity awareness, with China and India playing pivotal roles. This global perspective highlights the universal importance of IGA in today’s digital era, highlighting the critical balance between innovation, security, and regulatory compliance in safeguarding digital identities.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
“Navigating the New Normal With The Crucial Role of Identity Governance in Securing Hybrid Work Environments”
As businesses globally embrace the fusion of remote and traditional office work, the need for secure, hybrid workspaces becomes paramount. The shift toward flexible working models, accelerated by the COVID-19 pandemic, highlights the importance of cybersecurity and accessibility in ensuring operational continuity and a better work-life balance. Identity governance & administration (IGA) systems emerge as essential tools within this evolving work landscape. They enable organizations to manage digital identities and access rights effectively, safeguarding sensitive data against unauthorized access across diverse working environments. By ensuring that only credentialed employees can access critical information, regardless of their physical location, IGA solutions stand at the forefront of maintaining cybersecurity compliance and operational integrity. This development signifies a growing demand for robust identity governance frameworks, ensuring businesses remain resilient and secure in remote work and beyond.
“Elevating Security and Efficiency in Organizations through Specialized Identity Governance & Administration Services”
Managed and professional services provide organizations with the specialized expertise necessary for optimizing the performance and security of identity governance & administration (IGA) systems, eliminating the need for such in-depth knowledge internally. Businesses benefit from advanced skills that enhance system functionality and safeguard sensitive data by outsourcing specific IGA tasks. From the initial stages of integration and implementation, ensuring seamless incorporation with existing infrastructures, to ongoing support and maintenance for consistent system reliability and up-to-dateness, these services form the foundation of effective IGA strategies. Furthermore, training and consulting play a pivotal role, equipping companies with the understanding and capability to utilize their IGA systems to the fullest. IGA solution is a critical technological tool designed to streamline the management of user access rights across organizations, bolstering security, operational efficiency, and compliance with regulatory standards. This comprehensive approach to IGA facilitates a more secure, efficient, and compliant organizational environment, empowering businesses to focus on core objectives and ensure their data remains protected.
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“International Business Machines Corporation at the Forefront of Identity Governance & Administration Market with a Strong 7.09% Market Share”
The key players in the Identity Governance & Administration Market include Broadcom, Inc., SAP SE, Oracle Corporation, Microsoft Corporation, International Business Machines Corporation, and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Identity Governance & Administration Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Identity Governance & Administration Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Identity Governance & Administration Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/identity-governance-administration
“Dive into the Identity Governance & Administration Market Landscape: Explore 197 Pages of Insights, 654 Tables, and 26 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsIdentity Governance & Administration Market, by ComponentIdentity Governance & Administration Market, by ModulesIdentity Governance & Administration Market, by Organization SizeIdentity Governance & Administration Market, by DeploymentIdentity Governance & Administration Market, by VerticalAmericas Identity Governance & Administration MarketAsia-Pacific Identity Governance & Administration MarketEurope, Middle East & Africa Identity Governance & Administration MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
Related Reports:
Privileged Identity Management Market – Global Forecast 2024-2030Identity & Access Management Professional Services Market – Global Forecast 2024-2030Digital Identity Solutions Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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Artificial Intelligence
Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms
MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.
SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]
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Artificial Intelligence
Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow
Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.
Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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