Market Overview:
The global satellite electric propulsion systems market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for low earth orbit (LEO) satellites, rising number of small satellite launches, and growing investments in space exploration programs. However, the high cost associated with electric propulsion systems may restrain the growth of this market during the forecast period. Based on type, electrostatic drive is expected to hold a major share of the global satellite electric propulsion systems market during the forecast period. This can be attributed to its advantages such as low power consumption and long operational life as compared to other types of electric propulsion systems.
Product Definition:
A satellite electric propulsion system is a spacecraft propulsion system that uses electrical energy to produce thrust. Satellite electric propulsion systems are important because they can provide high-efficiency, low-thrust propulsion for satellites, allowing them to maintain their orbits with minimal fuel consumption.
Electrostatic Drive:
Electrostatic drive (ESD) is a form of electric propulsion used in satellite systems for augmenting the speed of satellites. It uses the force of an electric charge to push or pull objects. The basic principle behind ESD is simple; however, achieving high enough efficiencies and maintaining control over such systems are complex tasks that need to be addressed by researchers and manufacturers working on ESD technology.
ElectrOthersmal Drive:
Electrothersmal drive is a new term in the field of space technology and it means an electric heat engine. It is also known as cold plasma rocket or cold gas engine. The working principle of this system is based on the temperature difference between two electrodes which are placed at different places.
Application Insights:
The others segment dominated the global satellite electric propulsion systems market in terms of revenue share in 2017. The application includes deep space missions as well as interplanetary probes. Deep space missions require a large amount of propellant for propelling the spacecraft towards its destination, thus necessitating an efficient Electric Propulsion System (EPS). Interplanetary probes are sent to explore other planets and moons, thus EPS is required to provide extra push during flight so that it can reach its intended destination within Mars orbit or Pluto system.
Geostationary satellites are used for communication and broadcasting purposes on Earth¢â‚¬â„¢s surface. These satellites travel around the planet at constant altitude providing a fixed connection with satellite dishes located all over the world.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing government investments in space programs and rising commercial activities for earth observation satellites.
North America accounted for more than 20% of the overall revenue share in 2016 owing to continuous launches by U.S.-based companies such as NASA, Boeing Satellite Systems International LLC., Lockheed Martin Corporation., and Space Exploration Technologies (SpaceX). Moreover, growing demand for high-speed internet services is anticipated to boost regional growth over the next eight years.
Growth Factors:
- Increasing demand for small satellites for earth observation and communication applications
- Development of advanced electric propulsion systems with higher thrust and efficiency
- Growing investments in space exploration programs by governments and private organizations
- Proliferation of low-cost launch vehicles to deploy small satellites into orbit
- Emergence of new applications such as asteroid mining that require high-performance electric propulsion systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Satellite Electric Propulsion Systems Market Research Report
By Type
Electrostatic Drive, ElectrOthersmal Drive, Electromagnetic Drive
By Application
Low Earth Orbits Satellites, Geosynchronous Satellites, Geostationary Satellites, Others
By Companies
Safran, Aerojet Rocketdyne, Accion Systems Inc, Airbus, Sitael, Space Electric Thruster Systems, Safran
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Satellite Electric Propulsion Systems Market Report Segments:
The global Satellite Electric Propulsion Systems market is segmented on the basis of:
Types
Electrostatic Drive, ElectrOthersmal Drive, Electromagnetic Drive
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
Low Earth Orbits Satellites, Geosynchronous Satellites, Geostationary Satellites, 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:
- Safran
- Aerojet Rocketdyne
- Accion Systems Inc
- Airbus
- Sitael
- Space Electric Thruster Systems
- Safran
Highlights of The Satellite Electric Propulsion Systems 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 Drive
- ElectrOthersmal Drive
- Electromagnetic Drive
- By Application:
- Low Earth Orbits Satellites
- Geosynchronous Satellites
- Geostationary Satellites
- 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 Satellite Electric Propulsion Systems 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?
Satellite Electric Propulsion Systems (SEPS) is a technology that uses electric propulsion to send spacecraft and satellites into orbit. SEPS systems use either solar or nuclear power to generate thrust, which propels the spacecraft.
Some of the major companies in the satellite electric propulsion systems market are Safran, Aerojet Rocketdyne, Accion Systems Inc, Airbus, Sitael, Space Electric Thruster Systems, Safran.
The satellite electric propulsion systems market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Satellite Electric Propulsion Systems 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 Satellite Electric Propulsion Systems Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Satellite Electric Propulsion Systems 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 Satellite Electric Propulsion Systems 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 Satellite Electric Propulsion Systems Market Size & Forecast, 2018-2028 4.5.1 Satellite Electric Propulsion Systems Market Size and Y-o-Y Growth 4.5.2 Satellite Electric Propulsion Systems Market Absolute $ Opportunity
Chapter 5 Global Satellite Electric Propulsion Systems 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 Satellite Electric Propulsion Systems Market Size Forecast by Type
5.2.1 Electrostatic Drive
5.2.2 ElectrOthersmal Drive
5.2.3 Electromagnetic Drive
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Satellite Electric Propulsion Systems 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 Satellite Electric Propulsion Systems Market Size Forecast by Applications
6.2.1 Low Earth Orbits Satellites
6.2.2 Geosynchronous Satellites
6.2.3 Geostationary Satellites
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Satellite Electric Propulsion Systems 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 Satellite Electric Propulsion Systems 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 Satellite Electric Propulsion Systems Analysis and Forecast
9.1 Introduction
9.2 North America Satellite Electric Propulsion Systems 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 Satellite Electric Propulsion Systems Market Size Forecast by Type
9.6.1 Electrostatic Drive
9.6.2 ElectrOthersmal Drive
9.6.3 Electromagnetic Drive
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 Satellite Electric Propulsion Systems Market Size Forecast by Applications
9.10.1 Low Earth Orbits Satellites
9.10.2 Geosynchronous Satellites
9.10.3 Geostationary Satellites
9.10.4 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 Satellite Electric Propulsion Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Satellite Electric Propulsion Systems 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 Satellite Electric Propulsion Systems Market Size Forecast by Type
10.6.1 Electrostatic Drive
10.6.2 ElectrOthersmal Drive
10.6.3 Electromagnetic Drive
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 Satellite Electric Propulsion Systems Market Size Forecast by Applications
10.10.1 Low Earth Orbits Satellites
10.10.2 Geosynchronous Satellites
10.10.3 Geostationary Satellites
10.10.4 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 Satellite Electric Propulsion Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Satellite Electric Propulsion Systems 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 Satellite Electric Propulsion Systems Market Size Forecast by Type
11.6.1 Electrostatic Drive
11.6.2 ElectrOthersmal Drive
11.6.3 Electromagnetic Drive
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 Satellite Electric Propulsion Systems Market Size Forecast by Applications
11.10.1 Low Earth Orbits Satellites
11.10.2 Geosynchronous Satellites
11.10.3 Geostationary Satellites
11.10.4 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 Satellite Electric Propulsion Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Satellite Electric Propulsion Systems 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 Satellite Electric Propulsion Systems Market Size Forecast by Type
12.6.1 Electrostatic Drive
12.6.2 ElectrOthersmal Drive
12.6.3 Electromagnetic Drive
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 Satellite Electric Propulsion Systems Market Size Forecast by Applications
12.10.1 Low Earth Orbits Satellites
12.10.2 Geosynchronous Satellites
12.10.3 Geostationary Satellites
12.10.4 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) Satellite Electric Propulsion Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Satellite Electric Propulsion Systems 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) Satellite Electric Propulsion Systems Market Size Forecast by Type
13.6.1 Electrostatic Drive
13.6.2 ElectrOthersmal Drive
13.6.3 Electromagnetic Drive
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) Satellite Electric Propulsion Systems Market Size Forecast by Applications
13.10.1 Low Earth Orbits Satellites
13.10.2 Geosynchronous Satellites
13.10.3 Geostationary Satellites
13.10.4 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 Satellite Electric Propulsion Systems Market: Competitive Dashboard
14.2 Global Satellite Electric Propulsion Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Safran
14.3.2 Aerojet Rocketdyne
14.3.3 Accion Systems Inc
14.3.4 Airbus
14.3.5 Sitael
14.3.6 Space Electric Thruster Systems
14.3.7 Safran