According to latest research by Fact.MR, hybrid propellants market is set to witness a CAGR over 6% during 2021-2031. The demand is increasing in the developing countries entering into the world of space research. The evolving needs of the developed nations on composition of the hybrid propellants in the market to drive the demand during the forecast period.
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Upcoming Space Missions to Bolster Hybrid Propellant Demand
There are more than 50+ space mission going to be held during 2021-2031. NASA have recently launched its upcoming planetary events list, with its new solar orbiter mission to commence on 8th August 2021. Similar, missions are planned by the Americas private space organization SpaceX. With these many new missions in the coming years, the demand for propellants is estimated to be sky-rocketing.
Most of the organizations focus is on development of light weighted economical rockets with efficient propulsion. The hybrid propellant is the one which is economically feasible and has lighter mass compared to other fuel forms. Thus, its demand will increase significantly during the forecast period.
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Key Segments
-
By Platform
- Satellites
- CubeSats
- Small Satellites
- Nanosatellites
- Microsatellites
- Minisatellites
- Medium Satellites (500-2,500 KG)
- Large Satellites (>2,500kg)
- Capsules/Cargos
- Crewed Spacecraft or Human Space flight
- Uncrewed or Unmanned Spacecraft
- Interplanetary Spacecraft & Probes
- Rovers/Spacecraft Landers
- Launch Vehicles
- Small Launch Vehicles (<350,000 Kg)
- Medium to Heavy Launch Vehicles (>350,000 KG)
- Reusable Launch Vehicles
- Satellites
-
By System Component
- Thrusters
- Chemical Propulsion Thrusters
- Cold & Warm Gas Thrusters
- Monopropellant Thrusters
- Bipropellant Thrusters
- Electric Propulsion Thrusters
- Gridded Ion Engine (GIE) or Ion Thruster
- Hall Effect Thruster (HET)
- High-Efficiency Multi-Stage Plasma Thruster (HEMP-T)
- Pulsed Plasma Thruster (PPT)
- Quad Confinement Thruster (QCT)
- Magneto Plasma Dynamic (MPD) Thruster
- Others
- Propellant Feed Systems
- Propellant Tanks
- Monopropellant Tanks
- Bipropellat Tanks
- Regulators
- Valves
- Turbo Pumps
- Combustion Chambers
- Propellant Tanks
- Rocket Motors
- Nozzles
- Propulsion Thermal Control
- Power Processing Units
- Others
- Chemical Propulsion Thrusters
- Thrusters
-
By Propulsion Type
- Chemical Propulsion
- Solid
- Liquid
- Hybrid
- Green
- Non-chemical Propulsion
- Electric Propulsion
- Xenon
- Argon
- Krypton
- Hydrogen
- Others
- Solar Propulsion
- Solar Sail Propulsion
- Solar Electric Propulsion (SEP)
- Solar Thermal Propulsion
- Tether Propulsion
- Nuclear propulsion
- Laser Propulsion
- Electric Propulsion
- Chemical Propulsion
-
By Support Service
- Design, Engineering, & Operation
- Hot Firing & Environmental Test Execution
- Fueling & Launch Support
-
By Orbit
- Low Earth orbit (LEO)
- Medium Earth orbit (MEO)
- Geostationary Earth Orbit (GEO)
- Beyond Geosynchronous Orbit
-
By End User
- Commercial
- Satellite Operators/Owners
- Space Launch Service Providers
- Government & Defense
- Defense Sector
- National Space Agencies
- Others
- Commercial
-
By Region
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Europe
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Oceania
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
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Who are the Key Manufacturers and Suppliers of Hybrid Propellants?
Some of the leading manufacturers and suppliers of hybrid propellants include
- Antrix
- Aerojet Rocketdyne
- SpaceX
- Blue Origin
- Mitsubishi Heavy Industries
- Northrop Grumman (Orbital ATK)
- The Boeing Company
- Safran S.A. (ArianeGroup)
- China Great Wall Industry Corporation
- IHI Corporation
- NPO Energomash
- Virgin Galactic
- Yuzhmash
- Rocket Lab
- Lockheed Martin Corporation
- National Aeronautics
- Space Administration (NASA) among others.
The market is moderately consolidated and have countable number of key players involved in controlling the hybrid propellants business. The players are inclining towards establishing long term contracts with the end-users and are emphasizing more on improving the fuel quality and composition based on the evolving requirements of the users. For new entrants to enter this business starting up in developing countries investing in space research, would fetch them new business opportunities during their initial years.
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