Space-Based Fuel Management System Market Overview
The global space-based fuel management system market is estimated to reach $45,124.1 million in 2032, reveals the premium market intelligence study by CRI Report. The study also highlights that the market is set to witness a CAGR of 1.58% during the forecast period 2022-2032.
The space-based fuel management companies have witnessed demand from the growing commercial industry. The ecosystem of the space-based fuel management system market comprises system manufacturers, original equipmentmanufacturers (OEMs), and end users. Over the past years, the number of small satellite constellations has increased tremendously, owing to the low cost associated with their development. Thus, it is expected to foster the market for space-based fuel management systems in the coming years. The market is gaining popularity in countries such as the U.S., Canada, the U.K., Russia, Germany, the Middle East and Africa, and Latin America.
USP of the Report
• A dedicated section focusing on the futuristic trends adopted by the key players operating in the global space-based fuel management system market
• A dedicated section on growth opportunities and recommendations
• A qualitative and quantitative analysis of global space-based fuel management system on mission application at the regional and country-level granularity by application segments
Analyst Perspective
According to Arunkumar Sampathkumar, Principal Analyst, CRI Report, “With increasing deployment of electric propulsion, the overall propulsion architecture onboard satellites are evolving. The integrated systems, besides the all-electric platforms, utilize hybrid architecture. This results in a mix of thrusters and fuels in the satellites (across orbit raising and station-keeping). With the addition of thrusters (scalable solutions), the fuel management capabilities deployed along with the thrusters are also evolving. While some are integrated within the thruster module, others require customization to enable efficient fuel access. This is expected to drive the need for enhanced fuel management systems moving forward. Similarly, the development of new launch vehicles is driving the demand for fuel management systems for launch vehicle propulsion systems. The focus on frequent launches is imposing the need for holding on to an inventory of modular launch hardware. When scalable propulsion systems are being developed for the purpose, the same is driving the need for customized fuel management systems to support smaller launch vehicles targeting the dedicated launch services market”.
Key Companies Operating in The Market
Key players in the global space-based fuel management system market analyzed and profiled in the study involve satellite propulsion manufacturers. Moreover, a detailed competitive benchmarking of the players operating in the global space-based fuel management system market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as contracts, partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Some of the key players in the global space-based fuel management system market include Airbus, Lockheed Martin, Ariane Group, Northrop Grumman, and Moog Inc.
Key Questions Answered in the Report
• What are the futuristic trends in the space-based fuel management system market, and how is the market expected to change over the forecast years 2022-2032?
• What are the key drivers and challenges faced by the companies that are currently working in the space based fuel management system market?
• How is the market expected to grow during the forecast period 2022-2032?
• What are the opportunities for companies to expand their businesses in the space-based fuel management system market?
• Which region is expected to be leading the space-based fuel management system market by 2032?
• What are the key developmental strategies implemented by the key players to sustain in this highly competitive market?
• What is the current and future revenue scenario of the space-based fuel management system market?