How big is the Electric Propulsion Satellites Market?

The Electric Propulsion Satellites Market size is expected to reach USD 48.93 billion in 2024 and grow at a CAGR of 11.27% to reach USD 83.44 billion by 2029. Read More

What is the current Electric Propulsion Satellites Market size?

In 2024, the Electric Propulsion Satellites Market size is expected to reach USD 48.93 billion. Read More

Who are the key players in Electric Propulsion Satellites Market?

Airbus SE, Northrop Grumman Corporation, Safran SA, Thales and The Boeing Company are the major companies operating in the Electric Propulsion Satellites Market. Read More

Which segment has the biggest share in the Electric Propulsion Satellites Market?

In the Electric Propulsion Satellites Market, the segment accounts for the largest share by propulsion tech. Read More

Which region has the biggest share in the Electric Propulsion Satellites Market?

In 2024, North America accounts for the largest share by region in the Electric Propulsion Satellites Market. Read More

What years does this Electric Propulsion Satellites Market cover, and what was the market size in 2023?

In 2023, the Electric Propulsion Satellites Market size was estimated at USD 42.95 billion. The report covers the Electric Propulsion Satellites Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Electric Propulsion Satellites Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Electric Propulsion Satellites Market Trends

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Market Trends of electric propulsion satellites Industry

The increased emphasis on electric propulsion system is expected to aid in the growth of spending on its related space programs

The grant for research and investment has been a major driver of innovation and growth in the North American satellite launch vehicle market. It has helped to fund the development of new technologies, such as reusable launch vehicles, which have the potential to significantly reduce the cost of satellite launches. In FY2023, according to the President's budget request summary from FY2022 to FY2027, NASA is expected to receive USD 98 million for the development of Solar Electric Propulsion. In March 2021, NASA, along with Maxar Technologies and Busek Co., successfully completed a test of the 6-kilowatt (kW) solar electric propulsion subsystem
Additionally, in November 2022, ESA announced that it had proposed a 25% boost in space funding over the next three years to maintain Europe's lead in space projects. The ESA is asking its 22 nations to back a budget of EUR 18.5 billion for 2023-2025. In April 2023, Dawn Aerospace was awarded a contract to conduct a feasibility study with DLR (German Aerospace Center) to increase the performance of a nitrous-oxide-based green propellant for satellites and deep-space missions.
In Asia-Pacific, the demand for space propulsion is driven by increasing space programs. In May 2022, Kongtian Dongli, a Chinese satellite electric propulsion company, announced that it had secured multi-million yuan angel round financing amid a proliferation of Chinese constellation plans. The company’s main products are hall thrusters and microwave electric propulsion systems. Likewise, in February 2023, the Indian government announced that ISRO is expected to receive USD 2 billion for various space-related activities, including the development of the Liquid Propulsion Systems Centre (LPSC) and ISRO Propulsion Complex.

Global Electric Propulsion Satellites Market

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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

Electric Propulsion Satellites Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
1. 3.1 Study Assumptions & Market Definition
2. 3.2 Scope of the Study
3. 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
1. 4.1 Spending On Space Programs
2. 4.2 Regulatory Framework
  1. 4.2.1 Global
  2. 4.2.2 Australia
  3. 4.2.3 Brazil
  4. 4.2.4 Canada
  5. 4.2.5 China
  6. 4.2.6 France
  7. 4.2.7 Germany
  8. 4.2.8 India
  9. 4.2.9 Iran
  10. 4.2.10 Japan
  11. 4.2.11 New Zealand
  12. 4.2.12 Russia
  13. 4.2.13 Singapore
  14. 4.2.14 South Korea
  15. 4.2.15 United Arab Emirates
  16. 4.2.16 United Kingdom
  17. 4.2.17 United States
3. 4.3 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
1. 5.1 Propulsion Type
  1. 5.1.1 Full Electric
  2. 5.1.2 Hybrid
2. 5.2 End User
  1. 5.2.1 Commercial
  2. 5.2.2 Military
3. 5.3 Region
  1. 5.3.1 Asia-Pacific
  2. 5.3.2 Europe
  3. 5.3.3 North America
  4. 5.3.4 Rest of World
6. COMPETITIVE LANDSCAPE
1. 6.1 Key Strategic Moves
2. 6.2 Market Share Analysis
3. 6.3 Company Landscape
4. 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
  1. 6.4.1 Accion Systems Inc.
  2. 6.4.2 Ad Astra Rocket Company
  3. 6.4.3 Aerojet Rocketdyne Holdings, Inc
  4. 6.4.4 Airbus SE
  5. 6.4.5 Busek Co. Inc.
  6. 6.4.6 Northrop Grumman Corporation
  7. 6.4.7 Safran SA
  8. 6.4.8 Sitael S.p.A.
  9. 6.4.9 Thales
  10. 6.4.10 The Boeing Company
7. KEY STRATEGIC QUESTIONS FOR SATELLITE CEOS
8. APPENDIX
1. 8.1 Global Overview
  1. 8.1.1 Overview
  2. 8.1.2 Porter's Five Forces Framework
  3. 8.1.3 Global Value Chain Analysis
  4. 8.1.4 Market Dynamics (DROs)
2. 8.2 Sources & References
3. 8.3 List of Tables & Figures
4. 8.4 Primary Insights
5. 8.5 Data Pack
6. 8.6 Glossary of Terms