Market Overview:
The Global Electrically Powered Spacecraft Propulsion Market is expected to grow at a CAGR of XX% and is projected to reach a market size of USD XX million by 2030. The global electrically powered spacecraft propulsion market is segmented on the basis of type, application, and region. On the basis of type, the global electrically powered spacecraft propulsion market is segmented into Hall Effect Thruster (HET), Pulsed Plasma Thruster (PPT), and others. The Hall Effect Thruster (HET) segment dominates the global electrically powered spacecraft propulsion market in terms of revenue share followed by Pulsed Plasma Thrusters (PPT). However, during the forecast period, the Pulsed Plasma Thrusters are expected to witness highest growth rate as compared to other segments. This can be attributed to its high thrust-to-weight ratio which makes it suitable for small satellites applications such as nano satellites and microsatellites. On the basis of application,the global electrically powered spacecraft propulsion market is divided into nano satellite applications, microsatellite applications,,and others including manned missions or deep space probes etcetera . Among these segments ,microsatellite applications held majority share in 2017and itis projected that this trend will continue during forecast period .This can be attributed towidespread adoptionof microsatellites for various commercial & military purposes across globe .
Product Definition:
The propulsion of a spacecraft is the means by which it is moved from one point to another in space. There are a variety of methods for spacecraft propulsion, but the most common are those that use either chemical energy or electrical energy to produce thrust. Chemical rockets, ion engines, and plasma engines all rely on the expulsion of material from the spacecraft to generate thrust. Electrically powered spacecraft propulsion systems use electricity alone to produce thrust without any need for propellant combustion or ejection. This makes them much more efficient than traditional rocket-based systems and allows for longer mission durations with less weight penalty. Additionally, electrically powered systems can often be used in conjunction with other forms of propulsion for improved performance.
Hall Effect Thruster (HET):
The Hall Effect Thruster (HET) is a type of electric propulsion system that uses the interaction between magnetic fields and electric currents to generate propulsive force. The basic working principle behind these systems is based on the conservation of momentum law, which states that in an electromagnetic field exists around a conductor path, charges will be accelerated along with the flow of current.
In HET’s magnetic fields are generated by permanent magnets or electromagnets using electrical power sources.
Pulsed Plasma Thruster (PPT):
The PPT is a space propulsion technology that uses electrical energy for generating high-pressure, low-temperature plasma. The engine operates by using an electric arc across the chamber instead of conventional heating elements. This results in less propellant consumption and higher efficiency as compared to chemical rockets.
PPT has several advantages over chemical rockets including lower exhaust gas temperature (less than 300°C), simple design, and no need for toxic gases or complicated storage facilities.
Application Insights:
The nano satellite segment dominated the global electrically powered spacecraft propulsion market in terms of revenue share in 2017. Electrically propelled nanosatellites have several advantages over their conventionally propelled counterparts, including increased maneuverability and payload capacity. The growing miniaturization of electronic equipment has led to smaller size batteries that can provide longer endurance for space-based sensors and actuators.
Electrically propelled microsatellite vehicles are expected to witness significant growth during the forecast period owing to increasing deployment of small satellites with high performance requirements for specific orbits, inclination and altitude. These devices require minimal maintenance as compared to their larger counterparts since they operate on low power levels; hence they are deployed in large numbers across a variety of missions requiring different types of orbital adjustments or station keeping maneuvers by way of thrusting engines operating through electric motors or Hall effect thrusters depending upon mission requirements.
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 by companies and research institutes for space exploration. For instance, NASA has announced plans to launch a new series of missions known as Discovery Program which includes OSIRIS-Rex, an asteroid sample return mission that will launch in 2018.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing government initiatives for space programs and low cost alternatives for conventional systems used on Earth’s surface. China has launched several electrically propelled satellites into orbit using HET technology from different organizations such as National University of Defense Technology (NUDT) and Harbin Institute Of Technology (HIT). Such developments are anticipated propel regional demand during the forecast period.
Growth Factors:
- Increasing demand for electrically powered spacecraft propulsion from the commercial sector for launching small satellites is expected to drive the market growth.
- Growing investments in space exploration programs by various countries is anticipated to boost the demand for electrically powered spacecraft propulsion systems over the forecast period.
- Proliferation of nanotechnology and development of advanced materials is projected to create new opportunities for market growth over the next decade.
- Technological advancements in electric propulsion systems are expected to result in reduction in overall cost of ownership, which would further fuel market demand over the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrically Powered Spacecraft Propulsion Market Research Report
By Type
Hall Effect Thruster (HET), Pulsed Plasma Thruster (PPT), Others
By Application
Nano Satellite, Microsatellite, Others
By Companies
ArianeGroup, Busek, SITAEL, Accion Systems, Aerojet Rocketdyne, Northrop Grumman
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
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Electrically Powered Spacecraft Propulsion Market Report Segments:
The global Electrically Powered Spacecraft Propulsion market is segmented on the basis of:
Types
Hall Effect Thruster (HET), Pulsed Plasma Thruster (PPT), Others
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, 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:
- ArianeGroup
- Busek
- SITAEL
- Accion Systems
- Aerojet Rocketdyne
- Northrop Grumman
Highlights of The Electrically Powered Spacecraft Propulsion 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:
- Hall Effect Thruster (HET)
- Pulsed Plasma Thruster (PPT)
- Others
- By Application:
- Nano Satellite
- Microsatellite
- 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 Electrically Powered Spacecraft Propulsion 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?
Electrically powered spacecraft propulsion is a type of propulsion that uses electric power to move a spacecraft. Electric power can be generated by solar panels or other energy-producing devices on the spacecraft, or it can be drawn from an external source, such as a battery.
Some of the major players in the electrically powered spacecraft propulsion market are ArianeGroup, Busek, SITAEL, Accion Systems, Aerojet Rocketdyne, Northrop Grumman.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electrically Powered Spacecraft Propulsion 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 Electrically Powered Spacecraft Propulsion Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electrically Powered Spacecraft Propulsion 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 Electrically Powered Spacecraft Propulsion 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 Electrically Powered Spacecraft Propulsion Market Size & Forecast, 2020-2028
4.5.1 Electrically Powered Spacecraft Propulsion Market Size and Y-o-Y Growth
4.5.2 Electrically Powered Spacecraft Propulsion 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 Hall Effect Thruster (HET)
5.2.2 Pulsed Plasma Thruster (PPT)
5.2.3 Others
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 Nano Satellite
6.2.2 Microsatellite
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrically Powered Spacecraft Propulsion 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 Electrically Powered Spacecraft Propulsion 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 Hall Effect Thruster (HET)
9.6.2 Pulsed Plasma Thruster (PPT)
9.6.3 Others
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 Nano Satellite
9.10.2 Microsatellite
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 Hall Effect Thruster (HET)
10.6.2 Pulsed Plasma Thruster (PPT)
10.6.3 Others
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 Nano Satellite
10.10.2 Microsatellite
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 Hall Effect Thruster (HET)
11.6.2 Pulsed Plasma Thruster (PPT)
11.6.3 Others
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 Nano Satellite
11.10.2 Microsatellite
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 Hall Effect Thruster (HET)
12.6.2 Pulsed Plasma Thruster (PPT)
12.6.3 Others
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 Nano Satellite
12.10.2 Microsatellite
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 Hall Effect Thruster (HET)
13.6.2 Pulsed Plasma Thruster (PPT)
13.6.3 Others
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 Nano Satellite
13.10.2 Microsatellite
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 Electrically Powered Spacecraft Propulsion Market: Competitive Dashboard
14.2 Global Electrically Powered Spacecraft Propulsion Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ArianeGroup
14.3.2 Busek
14.3.3 SITAEL
14.3.4 Accion Systems
14.3.5 Aerojet Rocketdyne
14.3.6 Northrop Grumman
