Market Analysis of Space Qualified Propellant Tanks and


Dublin, 21 Feb. 2022 (GLOBE NEWSWIRE) — The “Space Qualified Propellant Tank Market – A Global and Regional Analysis: Focus on Platform, End User, Material Type, Manufacturing Process, Tank of Propellant and the Country – Analysis and Forecast, The Report 2021-2031” has been added to from ResearchAndMarkets.com offer.

The global market for space-qualified propellant tanks is expected to reach USD 3,069.5 million by 2031, growing at a CAGR of 4.83% during the forecast period 2021-2031.

The rapid escalation in the production and launch of satellites is expected to be the main driver of the market. Additionally, the growing demand for building efficient propellant tanks at low cost is a key driver for the growth of the global space-qualified propellant tank market.

Space Qualified Propellant Tank Market by Platform

The satellite platform segment is estimated to dominate the global space-qualified propellant tank market owing to the increasing development of satellite constellations for the purposes of communication, earth observation, navigation and monitoring.

Space Qualified Propellant Tank Market by End User

The commercial end-user segment is estimated to dominate the global space-qualified propellant tank market owing to the increasing development of small satellite constellations for communication, remote sensing, Earth observation and satellite navigation. commercial industries.

Space Qualified Propellant Tank Market by Material

Carbon fiber material is the most important material contributing to the global space qualified fuel tank market. The space industry uses carbon fiber composites to manufacture satellite structures and launch vehicle structures. For example, for NASA’s Artemis Program Space Launch System (SLS), a heavy-lift launch vehicle, rocket parts were fabricated using the Automated Fiber Placement (AFP) machine. These rocket parts featured sandwich structures more than eight meters in diameter made of carbon fiber skins with an aluminum honeycomb core.

Space Qualified Fuel Tank Market by Manufacturing Process

Space will continue to be a major source of applications for composite compression molded parts. Compression molding using BMC is an enabling technology for manufacturing complex composite parts for aerostructures, space and satellites.

Space Qualified Propellant Tank Market by Propellant Tank Type

With the growing number of space-qualified propellant tanks, the need for diaphragm tanks is expected to increase in the coming years. The tanks are lightweight, reliable, and manufactured at low cost, which has proliferated their use in the aerospace sector over the years. The tanks replace titanium propellant tanks that were previously used for space applications due to their low cost and simple design.

Space Qualified Propellant Tank Market by Region

North America is expected to account for the highest share of the global space-qualified propellant tank market, owing to a large number of companies based in the region, rising spending by government organizations and commercial ones such as the National Aeronautics and Space Administration (NASA), Lockheed Martin, Ariane Group, Northrop Grumman, Microcosm and Stelia Aerospace North America for the space-qualified propellant tank.

Market Growth Factors

  • Rapid escalation of satellite production and launch
  • Increased research and development activities to develop cost-effective propellant tanks for satellites and launch vehicles

Market challenges

  • High cost associated with a large tank of space-qualified propellant

Market opportunities

  • Growing Developments for Deep Space Exploration Programs

Key Questions Answered by the Report

  • What are the futuristic trends in this market and how is the market expected to develop during the forecast years, 2021-2031?
  • What are the key drivers and challenges faced by the companies currently working in the global space qualified propellant tank market?
  • How is the space qualified propellant tank market expected to grow during the forecast period 2021-2031?
  • What are the opportunities for companies to expand their business in the global space-qualified propellant tank market?
  • Which region is expected to dominate the global space-qualified rocket fuel tank market by 2031?
  • What are the main development strategies implemented by the main players to maintain themselves in this highly competitive market?
  • What is the current and future revenue scenario of this market?
  • What is the competitive scenario of the major players in the global Space Qualified Propellant Tank market?
  • What are the emerging technologies that key companies are focusing on to increase their market share?
  • What are the strengths and weaknesses of the companies influencing the growth of the market?

Company Profiles

  • Airbus S.A.S.
  • adam works
  • Ariane Group
  • Busek Co Inc.
  • Cobham Mission System
  • Infinite Composite Technologies
  • IHI Aerospace Co.
  • Lockheed Martin Company
  • Microcosm, Inc.
  • Moog Inc.
  • HBOT SE
  • Northrop Grumman Company
  • Nammo AS
  • Advanced technology
  • Stelia Aerospace North America Inc.

For more information about this report visit https://www.researchandmarkets.com/r/d81ir4

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, top companies, new products and the latest trends.

  • Global Space Qualified Propellant Tank Market


        
Previous "Chipmaking: India needs high investment and political will"
Next Election overview: UP was hotbed of terrorism under SP, BSP, says Shah; Kejriwal calls PM Modi's bicycle remark an attack on the poor | India News