Electric propulsion is a high exhaust velocity thrust technology that leads in some kind of a reduction in the amount of propellant required for a particular space mission or operation compared to other traditional methods of propulsion. It includes any propulsion technology in which electricity is used to increase the exhaust velocity of the propellant. Electric propulsion satellites helps to provide important information related to defense or commercial use. The adoption and dissemination of new technology, such as satellites, will help to communicate information in wide areas, allow rapid telecommunications, and simultaneously produce and distribute high-resolution images of certain points of interest located all over the world. Over the last couple of decades, the demand for electric propulsion satellites has registered strong growth rates with significant CAGR. According to the study, the demand for electric propulsion satellites is expected to expand more aggressively during the forecast period and with a higher revenue share, may also affect the global economic structure.
MARKET DYNAMICS
Boost in launch of commercial and defense satellite sand adoption of eco-friendly applications such as electric systems is driving the growth of the electric propulsion satellites market. However, lack of technological advancements in various developing countries may restrain the growth of the electric propulsion satellites market. Furthermore, the increasing space missions in upcoming few years is further anticipated to create market opportunities for the electric propulsion satellites market during the forecast period.
MARKET SCOPE
The "Global Electric Propulsion Satellites Market Analysis to 2028" is a specialized and in-depth study of the electric propulsion satellites market with a special focus on the global market trend analysis. The report aims to provide an overview of electric propulsion satellites market with detailed market segmentation by propulsion type, satellite type, technology, end-user, and geography. The global electric propulsion satellites market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electric propulsion satellites market players and offers key trends and opportunities in the electric propulsion satellites market.
MARKET SEGMENTATION
The global electric propulsion satellites market is segmented on the basis of propulsion type, satellite type, technology, and end-user. On the basis of propulsion type, the market is segmented as hybrid and full-electric. Similarly, on the basis of satellite type, the market is segmented into nano satellite, microsatellite, and others. Further on basis of technology, the market is segmented as hall effect thruster (HET), pulsed plasma thruster (PPT), and others. Also on basis of end-user, the market is further segment as commercial, military.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electric propulsion satellites market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electric propulsion satellites market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting electric propulsion satellites market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting factors affecting the electric propulsion satellites market in these regions.
MARKET PLAYERS
The reports cover key developments in the electric propulsion satellites market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from electric propulsion satellites market are anticipated to lucrative growth opportunities in the future with the rising demand for electric propulsion satellites market. Below mentioned is the list of few companies engaged in the electric propulsion satellites market.
The report also includes the profiles of key electric propulsion satellites market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Accion Systems
- Aerojet Rocketdyne Holdings, Inc.
- Airbus S.A.S.
- ArianeGroup GmbH
- Boeing
- Busek Co. Inc
- Northrop Grumman Corporation
- Safran
- Sitael S.p.A.
- Thales Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.