Market Overview:
The global all-electric propulsion satellite market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for all-electric satellites for commercial and military applications. In addition, the growing demand for high throughput satellites (HTS) is also contributing to the growth of the global all-electric propulsion satellite market. The global all-electric propulsion satellite market can be segmented on the basis of type, application and region. On the basis of type, the global all-electric propulsion satellite market can be divided into electrostatic, electrothermal, electromagnetic and photonic segments. The commercial communications segment is expected to account for a major share oftheglobalall- electricpropulsion satellitemarket in terms of revenue duringthe forecast period from 2018to 2030. However , on long term (2024–2030), there could be an increase in adoption rates for other applications such as military surveillance and others , which would lead to an increased shareof these segmentsin then overallmarket .
Product Definition:
An all-electric propulsion satellite is a spacecraft that uses electric energy to generate thrust for its orbit insertion and maintenance. This type of propulsion has many advantages over traditional chemical propulsion, including improved fuel efficiency, lower weight and reduced complexity. All-electric satellites are becoming increasingly common due to these benefits, and they are playing an important role in the development of new space technologies.
Electrostatic:
Electrostatic is a new term in the space industry and has been used to describe various phenomena occurring due to charge build-up on an object. Electrostatic precipitators are used for removing electrostatically charged particles from air. These particles may consist of dust, smoke, fumes or gases. The removal of these particles is necessary so that they do not damage the sensitive electronics installed in satellites or affect the crew members operating them.
Electrothermal:
Electrothermal (ET) is a form of energy storage that uses the stored heat from a thermal battery to generate electricity. In an ET satellite, this stored heat can be used to power various systems such as electrical propulsion or life support systems. The amount of electricity produced by an ET satellite depends on the amount of fuel it carries and its orbit type.
Application Insights:
The military surveillance application segment accounted for the largest revenue share in 2017 and is projected to witness significant growth over the forecast period. The growing need for defense satellites has led to an increase in investments by countries such as China, Russia, and the U.S. These countries are focusing on developing advanced satellite technologies owing to increased awareness regarding global events that may impact national security interests.
Commercial communications is expected to be one of the fastest-growing segments over the forecast period owing to increasing demand from companies operating mobile communication networks and high-speed internet services globally. Companies such as Iridium Communications Inc., Globalstar Corporation, Telesat Canada Ltd., Thuraya IP LLC, Inmarsat PLC have been instrumental in testing these satellites bus systems with their existing payloads during recent launches using all electric Propulsion Systems (EPS).
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing investments and initiatives undertaken by government space agencies, such as NASA and CSA. For instance, NASA has initiated a project named “Electric Propulsion for Mission Applications†(EMPA) that focuses on developing advanced electric propulsion systems for future space missions.
The Asia Pacific regional market is anticipated to grow at a significant rate over the forecast period owing to rising government spending on space programs coupled with increasing defense budgets in countries like India and China. In addition, growing demand for high-quality satellite communication services across emerging economies of India and China are expected drive growth during the forecast years.
Growth Factors:
- Increasing demand for all-electric satellites from government and commercial organizations for various applications such as earth observation, communication, navigation, and scientific research.
- Proliferation of small satellites that can be operated using all-electric propulsion systems to reduce the overall cost of the mission.
- Development of advanced electric propulsion technologies with higher thrust and efficiency levels to enable spacecrafts to reach their desired orbits in a shorter time frame.
- Growing number of space agencies investing in R&D activities for developing new all-electric propulsion systems that are more reliable and affordable.
Scope Of The Report
Report Attributes
Report Details
Report Title
All-Electric Propulsion Satellite Market Research Report
By Type
Electrostatic, Electrothermal, Electromagnetic, Photonic
By Application
Commercial Communications, Military Surveillance, Others
By Companies
The Boeing Company, Airbus SE, Lockheed Martin Corporation, The Raytheon Company, Northrop Grumman Corporation, Safran Aircraft Engines Maxar Technologies, Intelsat Corporation, Viasat, Inc.
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global All-Electric Propulsion Satellite Market Report Segments:
The global All-Electric Propulsion Satellite market is segmented on the basis of:
Types
Electrostatic, Electrothermal, Electromagnetic, Photonic
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
Commercial Communications, Military Surveillance, Others
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:
- The Boeing Company
- Airbus SE
- Lockheed Martin Corporation
- The Raytheon Company
- Northrop Grumman Corporation
- Safran Aircraft Engines Maxar Technologies
- Intelsat Corporation
- Viasat, Inc.
Highlights of The All-Electric Propulsion Satellite 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:
- Electrostatic
- Electrothermal
- Electromagnetic
- Photonic
- By Application:
- Commercial Communications
- Military Surveillance
- Others
- 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 All-Electric Propulsion Satellite 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?
All-electric propulsion satellite is a spacecraft that uses electric power to move through space. This type of spacecraft does not use any traditional fuel, such as gasoline or diesel, to propel it. Instead, it relies on an onboard battery system to provide the necessary power.
Some of the major companies in the all-electric propulsion satellite market are The Boeing Company, Airbus SE, Lockheed Martin Corporation, The Raytheon Company, Northrop Grumman Corporation, Safran Aircraft Engines Maxar Technologies, Intelsat Corporation, Viasat, Inc..
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 All-Electric Propulsion Satellite Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 All-Electric Propulsion Satellite Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 All-Electric Propulsion Satellite Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the All-Electric Propulsion Satellite Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global All-Electric Propulsion Satellite Market Size & Forecast, 2020-2028
4.5.1 All-Electric Propulsion Satellite Market Size and Y-o-Y Growth
4.5.2 All-Electric Propulsion Satellite Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electrostatic
5.2.2 Electrothermal
5.2.3 Electromagnetic
5.2.4 Photonic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Communications
6.2.2 Military Surveillance
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global All-Electric Propulsion Satellite Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 All-Electric Propulsion Satellite Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electrostatic
9.6.2 Electrothermal
9.6.3 Electromagnetic
9.6.4 Photonic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Communications
9.10.2 Military Surveillance
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electrostatic
10.6.2 Electrothermal
10.6.3 Electromagnetic
10.6.4 Photonic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Communications
10.10.2 Military Surveillance
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electrostatic
11.6.2 Electrothermal
11.6.3 Electromagnetic
11.6.4 Photonic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Communications
11.10.2 Military Surveillance
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electrostatic
12.6.2 Electrothermal
12.6.3 Electromagnetic
12.6.4 Photonic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Communications
12.10.2 Military Surveillance
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electrostatic
13.6.2 Electrothermal
13.6.3 Electromagnetic
13.6.4 Photonic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Communications
13.10.2 Military Surveillance
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 All-Electric Propulsion Satellite Market: Competitive Dashboard
14.2 Global All-Electric Propulsion Satellite Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 The Boeing Company
14.3.2 Airbus SE
14.3.3 Lockheed Martin Corporation
14.3.4 The Raytheon Company
14.3.5 Northrop Grumman Corporation
14.3.6 Safran Aircraft Engines Maxar Technologies
14.3.7 Intelsat Corporation
14.3.8 Viasat, Inc.
