The global Electric Propulsion Satellites market was valued at US$ 59 million in 2019 and it is expected to reach US$ 357 million by the end of 2026, growing at a CAGR of 28.9% during 2021-2026.
Electric Propulsion (EP) is a class of space propulsion which makes use of electrical power to accelerate a propellant by different possible electrical and/or magnetic means. The use of electrical power enhances the propulsive performances of the EP thrusters compared with conventional chemical thrusters. Unlike chemical systems, electric propulsion requires very little mass to accelerate a spacecraft.
Worldwide, there are a little Electric Propulsion Satellite manufacturers; and there is growing number of enterprises are entering the market attracted by the market potential. ArianeGroup, Busek Co and SITAEL are the top there manufacturers of Electric Propulsion Satellite in the market currently; they account more than half of the market total production volume of Electric Propulsion Satellite.
Global Electric Propulsion Satellites Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Electric Propulsion Satellites Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Arianegroup, Busek Co. Inc., Sitael, Accion Systems Inc., Helmet and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Hall Effect Thruster (HET)
- Pulsed Plasma Thruster (PPT)
Segment by Application
- Nano Satellite
Table of Content:
1 Electric Propulsion Satellites Market Overview
2 Electric Propulsion Satellites Market Competition by Manufacturers
3 Electric Propulsion Satellites Retrospective Market Scenario by Region
4 Global Electric Propulsion Satellites Historic Market Analysis by Type
5 Global Electric Propulsion Satellites Historic Market Analysis by Application
6 Key Companies Profiled
7 Electric Propulsion Satellites Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Electric Propulsion Satellites Market Dynamics
10 Global Electric Propulsion Satellites Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.