NEW YORK, Oct. 13, 2022 /PRNewswire/ — The electric propulsion satellite market size is expected to grow by USD 15.71 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 16.28% during the forecast period, according to Technavio. The growing preference for the hosted payload is driving the electric propulsion satellite market growth. However, factors such as design and manufacturing constraints may challenge market growth.
Technavio has announced its latest market research report titled Global Electric Propulsion Satellite Market 2022-2026
Get a comprehensive report summary that describes the market size and forecast along with research methodology. The FREE sample report is available in PDF format
Electric Propulsion Satellite Market 2022-2026: Scope
The electric propulsion satellite market report covers the following areas:
Electric Propulsion Satellite Market 2022-2026: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the electric propulsion satellite market. Ad Astra Rocket Co., Accion Systems Inc., Airbus SE, Aerojet Rocketdyne Holdings Inc., INVAP S.E., Busek Co. Inc., OHB System AG, Northrop Grumman Corp., Sitael S.p.A., Safran SA, Thales Group, and The Boeing Co. are some of the major market participants. The key offerings of some of these vendors are listed below:
Accion Systems Inc. – The company offers electric propulsion satellites that have a thrust-to-power ratio of less than 1U and devote more space and power for critical payloads.
Ad Astra Rocket Co. – The company offers electric propulsion satellites that are equipped with the VASIMR engine, which has a high-power electric rocket engine suited for a wide range of missions, from economically sustainable logistics operations in cislunar space to high-speed transport in deep space.
Aerojet Rocketdyne Holdings Inc. – The company offers electric propulsion satellites that deliver five 12.5-kilowatt Hall thruster subsystems, including thrusters, PPUs, and xenon flow controllers.
Airbus SE – The company offers an electric propulsion satellite that combines 13 kW of payload power with a launch mass of only 3,550 kg.
Busek Co. Inc. – The company offers electric propulsion satellites that have an ultra-precision, highly throttleable electric propulsion with an integrated propellant delivery system.
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Electric Propulsion Satellite Market 2022-2026: Segmentation
Type
Hybrid
All-electric
Geography
North America
APAC
Europe
South America
Middle East And Africa
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report
Electric Propulsion Satellite Market 2022-2026: Regional Analysis
APAC will account for 37% of the market’s growth during the forecast period. This growth is attributed to factors such as the rising demand for miniaturized satellites for feeding information about rainfall patterns, fertile land, and water distribution to farmers. China, India, and Japan are the key countries for the electric propulsion satellite market in APAC. Moreover, market growth in this region will be faster than the growth of the market in other regions.
Electric Propulsion Satellite Market 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026
Detailed information about the factors that will assist electric propulsion satellite market growth during the next five years
Estimation of the size of the electric propulsion satellite market and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the electric propulsion satellite market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of vendors in the electric propulsion satellite market
Related Reports
Satellite-based Earth Observation Market by Application, Type, and Geography – Forecast and Analysis 2022-2026: The satellite-based earth observation market share is expected to increase by USD 1.32 billion from 2021 to 2026.
Satellite-based Earth Observation Market in Europe by Type, Application, and Geography – Forecast and Analysis 2022-2026: The satellite-based earth observation market share in Europe is expected to increase by USD 308.60 million from 2021 to 2026.
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Electric Propulsion Satellite Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 16.28% |
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Market growth 2022-2026 |
USD 15.71 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
13.52 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 37% |
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Key consumer countries |
US, China, India, Japan, and Russia |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Accion Systems Inc., Ad Astra Rocket Co., Aerojet Rocketdyne Holdings Inc., Airbus SE, Busek Co. Inc., INVAP S.E., Northrop Grumman Corp., OHB System AG, Safran SA, Sitael S.p.A., Thales Group, and The Boeing Co. |
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Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table Of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Type
5.1 Market segments
Exhibit 24: Chart on Type – Market share 2021-2026 (%)
Exhibit 25: Data Table on Type – Market share 2021-2026 (%)
5.2 Comparison by Type
Exhibit 26: Chart on Comparison by Type
Exhibit 27: Data Table on Comparison by Type
5.3 Hybrid – Market size and forecast 2021-2026
Exhibit 28: Chart on Hybrid – Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Hybrid – Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Hybrid – Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Hybrid – Year-over-year growth 2021-2026 (%)
5.4 All-electric – Market size and forecast 2021-2026
Exhibit 32: Chart on All-electric – Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on All-electric – Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on All-electric – Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on All-electric – Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Type
Exhibit 36: Market opportunity by Type ($ million)
6 Customer Landscape
6.1 Customer landscape overview
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
7.3 North America – Market size and forecast 2021-2026
Exhibit 42: Chart on North America – Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on North America – Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on North America – Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on North America – Year-over-year growth 2021-2026 (%)
7.4 APAC – Market size and forecast 2021-2026
Exhibit 46: Chart on APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on APAC – Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on APAC – Year-over-year growth 2021-2026 (%)
7.5 Europe – Market size and forecast 2021-2026
Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)
7.6 South America – Market size and forecast 2021-2026
Exhibit 54: Chart on South America – Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on South America – Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on South America – Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on South America – Year-over-year growth 2021-2026 (%)
7.7 Middle East and Africa – Market size and forecast 2021-2026
Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
7.8 US – Market size and forecast 2021-2026
Exhibit 62: Chart on US – Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on US – Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)
7.9 China – Market size and forecast 2021-2026
Exhibit 66: Chart on China – Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on China – Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on China – Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on China – Year-over-year growth 2021-2026 (%)
7.10 Russia – Market size and forecast 2021-2026
Exhibit 70: Chart on Russia – Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Russia – Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Russia – Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Russia – Year-over-year growth 2021-2026 (%)
7.11 India – Market size and forecast 2021-2026
Exhibit 74: Chart on India – Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on India – Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on India – Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on India – Year-over-year growth 2021-2026 (%)
7.12 Japan – Market size and forecast 2021-2026
Exhibit 78: Chart on Japan – Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Japan – Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Japan – Year-over-year growth 2021-2026 (%)
7.13 Market opportunity by geography
Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 83: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 85: Overview on factors of disruption
9.4 Industry risks
Exhibit 86: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors covered
Exhibit 87: Vendors covered
10.2 Market positioning of vendors
Exhibit 88: Matrix on vendor position and classification
10.3 Accion Systems Inc.
Exhibit 89: Accion Systems Inc. – Overview
Exhibit 90: Accion Systems Inc. – Product / Service
Exhibit 91: Accion Systems Inc. – Key offerings
10.4 Ad Astra Rocket Co.
Exhibit 92: Ad Astra Rocket Co. – Overview
Exhibit 93: Ad Astra Rocket Co. – Product / Service
Exhibit 94: Ad Astra Rocket Co. – Key offerings
10.5 Aerojet Rocketdyne Holdings Inc.
Exhibit 95: Aerojet Rocketdyne Holdings Inc. – Overview
Exhibit 96: Aerojet Rocketdyne Holdings Inc. – Business segments
Exhibit 97: Aerojet Rocketdyne Holdings Inc. – Key offerings
Exhibit 98: Aerojet Rocketdyne Holdings Inc. – Segment focus
10.6 Airbus SE
Exhibit 99: Airbus SE – Overview
Exhibit 100: Airbus SE – Business segments
Exhibit 101: Airbus SE – Key news
Exhibit 102: Airbus SE – Key offerings
Exhibit 103: Airbus SE – Segment focus
10.7 Busek Co. Inc.
Exhibit 104: Busek Co. Inc. – Overview
Exhibit 105: Busek Co. Inc. – Product / Service
Exhibit 106: Busek Co. Inc. – Key offerings
10.8 Northrop Grumman Corp.
Exhibit 107: Northrop Grumman Corp. – Overview
Exhibit 108: Northrop Grumman Corp. – Business segments
Exhibit 109: Northrop Grumman Corp. – Key news
Exhibit 110: Northrop Grumman Corp. – Key offerings
Exhibit 111: Northrop Grumman Corp. – Segment focus
10.9 Safran SA
Exhibit 112: Safran SA – Overview
Exhibit 113: Safran SA – Business segments
Exhibit 114: Safran SA – Key news
Exhibit 115: Safran SA – Key offerings
Exhibit 116: Safran SA – Segment focus
10.10 Sitael S.p.A.
Exhibit 117: Sitael S.p.A. – Overview
Exhibit 118: Sitael S.p.A. – Product / Service
Exhibit 119: Sitael S.p.A. – Key offerings
10.11 Thales Group
Exhibit 120: Thales Group – Overview
Exhibit 121: Thales Group – Business segments
Exhibit 122: Thales Group – Key offerings
Exhibit 123: Thales Group – Segment focus
10.12 The Boeing Co.
Exhibit 124: The Boeing Co. – Overview
Exhibit 125: The Boeing Co. – Business segments
Exhibit 126: The Boeing Co. – Key news
Exhibit 127: The Boeing Co. – Key offerings
Exhibit 128: The Boeing Co. – Segment focus
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 129: Inclusions checklist
Exhibit 130: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 131: Currency conversion rates for US$
11.4 Research methodology
Exhibit 132: Research methodology
Exhibit 133: Validation techniques employed for market sizing
Exhibit 134: Information sources
11.5 List of abbreviations
Exhibit 135: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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