The global electric propulsion system market is expected to grow at a CAGR of 12.5% during the forecast period, from 2021 to 2030. The market is driven by the increasing demand for electric propulsion systems in satellites and space exploration missions. The high cost of fuel and its limited availability are also driving the growth of this market.
The global electric propulsion system market is segmented on the basis of type, application, and region. On the basis of type, it is divided into gridded ion engine (GIE), hall effect thruster (HET), high efficiency multistage plasma thruster (HEMPT), pulsed plasma thruster (PPT). On the basis of application, it is divided into nano satellite and microsatellite. On the basis of region, it includes North America, Latin America, Europe, Asia Pacific and Middle East & Africa regions.
- The increasing demand for electric propulsion systems in the automotive industry is a major factor driving the growth of this market.
- The increasing demand for electric propulsion systems in the aerospace industry is a major factor driving the growth of this market.
- The increasing demand for electric propulsion systems in the marine industry is a major factor driving the growth of this market.
- The increasing demand for electric propulsion systems in other industries such as railways and mining is a major factor driving the growth of this market.
- Increasing government regulations on fuel emissions are expected to drive up adoption rates.
Industry Growth Insights published a new data on “Electric Propulsion System Market”. The research report is titled “Electric Propulsion System Market research by Types (Gridded Ion Engine (GIE), Hall Effect Thruster (HET), High Efficiency Multistage Plasma Thruster (HEMPT), Pulsed Plasma Thruster (PPT), Other, Electric Propulsion Syste), By Applications (Nano Satellite, Microsatellite), By Players/Companies Aerospace Corporation, SITAEL, Bellatrix Aerospace, Busek Co. Inc., Accion Systems Inc., Electric Propulsion Syste”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Propulsion System Market Research Report
By Type
Gridded Ion Engine (GIE), Hall Effect Thruster (HET), High Efficiency Multistage Plasma Thruster (HEMPT), Pulsed Plasma Thruster (PPT), Other, Electric Propulsion Syste
By Application
Nano Satellite, Microsatellite
By Companies
Aerospace Corporation, SITAEL, Bellatrix Aerospace, Busek Co. Inc., Accion Systems Inc., Electric Propulsion Syste
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Electric Propulsion System Market Report Segments:
The global Electric Propulsion System market is segmented on the basis of:
Types
Gridded Ion Engine (GIE), Hall Effect Thruster (HET), High Efficiency Multistage Plasma Thruster (HEMPT), Pulsed Plasma Thruster (PPT), Other, Electric Propulsion Syste
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Nano Satellite, Microsatellite
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aerospace Corporation
- SITAEL
- Bellatrix Aerospace
- Busek Co. Inc.
- Accion Systems Inc.
- Electric Propulsion Syste
Highlights of The Electric Propulsion System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gridded Ion Engine (GIE)
- Hall Effect Thruster (HET)
- High Efficiency Multistage Plasma Thruster (HEMPT)
- Pulsed Plasma Thruster (PPT)
- Other
- Electric Propulsion Syste
- By Application:
- Nano Satellite
- Microsatellite
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Propulsion System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric propulsion system is a type of engine that uses electricity to power the movement of a vehicle or spacecraft. Electric propulsion systems can be either self-contained, using their own power supply, or they can be connected to an external power source.
Some of the major companies in the electric propulsion system market are Aerospace Corporation, SITAEL, Bellatrix Aerospace, Busek Co. Inc., Accion Systems Inc., Electric Propulsion Syste.
The electric propulsion system market is expected to grow at a compound annual growth rate of 12.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Propulsion System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Propulsion System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Propulsion System Market - Supply Chain
4.5. Global Electric Propulsion System Market Forecast
4.5.1. Electric Propulsion System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Propulsion System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Propulsion System Market Absolute $ Opportunity
5. Global Electric Propulsion System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Propulsion System Market Size and Volume Forecast by Type
5.3.1. Gridded Ion Engine (GIE)
5.3.2. Hall Effect Thruster (HET)
5.3.3. High Efficiency Multistage Plasma Thruster (HEMPT)
5.3.4. Pulsed Plasma Thruster (PPT)
5.3.5. Other
5.3.6. Electric Propulsion Syste
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Propulsion System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Propulsion System Market Size and Volume Forecast by Application
6.3.1. Nano Satellite
6.3.2. Microsatellite
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Propulsion System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Propulsion System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Propulsion System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Propulsion System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Propulsion System Demand Share Forecast, 2019-2026
9. North America Electric Propulsion System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Propulsion System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Propulsion System Market Size and Volume Forecast by Application
9.4.1. Nano Satellite
9.4.2. Microsatellite
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Propulsion System Market Size and Volume Forecast by Type
9.7.1. Gridded Ion Engine (GIE)
9.7.2. Hall Effect Thruster (HET)
9.7.3. High Efficiency Multistage Plasma Thruster (HEMPT)
9.7.4. Pulsed Plasma Thruster (PPT)
9.7.5. Other
9.7.6. Electric Propulsion Syste
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Propulsion System Demand Share Forecast, 2019-2026
10. Latin America Electric Propulsion System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Propulsion System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Propulsion System Market Size and Volume Forecast by Application
10.4.1. Nano Satellite
10.4.2. Microsatellite
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Propulsion System Market Size and Volume Forecast by Type
10.7.1. Gridded Ion Engine (GIE)
10.7.2. Hall Effect Thruster (HET)
10.7.3. High Efficiency Multistage Plasma Thruster (HEMPT)
10.7.4. Pulsed Plasma Thruster (PPT)
10.7.5. Other
10.7.6. Electric Propulsion Syste
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Propulsion System Demand Share Forecast, 2019-2026
11. Europe Electric Propulsion System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Propulsion System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Propulsion System Market Size and Volume Forecast by Application
11.4.1. Nano Satellite
11.4.2. Microsatellite
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Propulsion System Market Size and Volume Forecast by Type
11.7.1. Gridded Ion Engine (GIE)
11.7.2. Hall Effect Thruster (HET)
11.7.3. High Efficiency Multistage Plasma Thruster (HEMPT)
11.7.4. Pulsed Plasma Thruster (PPT)
11.7.5. Other
11.7.6. Electric Propulsion Syste
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Propulsion System Demand Share, 2019-2026
12. Asia Pacific Electric Propulsion System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Propulsion System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Propulsion System Market Size and Volume Forecast by Application
12.4.1. Nano Satellite
12.4.2. Microsatellite
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Propulsion System Market Size and Volume Forecast by Type
12.7.1. Gridded Ion Engine (GIE)
12.7.2. Hall Effect Thruster (HET)
12.7.3. High Efficiency Multistage Plasma Thruster (HEMPT)
12.7.4. Pulsed Plasma Thruster (PPT)
12.7.5. Other
12.7.6. Electric Propulsion Syste
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Propulsion System Demand Share, 2019-2026
13. Middle East & Africa Electric Propulsion System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Propulsion System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Propulsion System Market Size and Volume Forecast by Application
13.4.1. Nano Satellite
13.4.2. Microsatellite
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Propulsion System Market Size and Volume Forecast by Type
13.7.1. Gridded Ion Engine (GIE)
13.7.2. Hall Effect Thruster (HET)
13.7.3. High Efficiency Multistage Plasma Thruster (HEMPT)
13.7.4. Pulsed Plasma Thruster (PPT)
13.7.5. Other
13.7.6. Electric Propulsion Syste
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Propulsion System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Propulsion System Market: Market Share Analysis
14.2. Electric Propulsion System Distributors and Customers
14.3. Electric Propulsion System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Aerospace Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SITAEL
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bellatrix Aerospace
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Busek Co. Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Accion Systems Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Electric Propulsion Syste
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
