The global satellite propulsion systems market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of this market is driven by the increasing demand for satellite propulsion systems in various applications such as low earth orbits satellites, geosynchronous satellites, and geostationary satellites. The hybrid propulsion system segment is expected to grow at a higher CAGR during the forecast period due to its high efficiency and cost-effectiveness. The chemical propulsion system segment accounted for the largest share of this market in 2018 owing to its high reliability and low cost per kilogram delivered into orbit. However, it is projected that electric propulsion systems will witness significant growth over the next few years due to their high efficiency and lower operational costs compared with chemical propellant-based systems. Geostationary satellites are expected to account for the largest share of this market in terms of application type owing to their wide range of applications such as telecommunications, broadcasting, weather forecasting, navigation services etc, which require long life span and stability in orbit. North America accounted for the largest share of this market in 2018 owing mainly due its large number of satellite launches per year coupled with favorable government policies towards space exploration activities which have led many companies operating out from North America region into space exploration activities including satellite launches which has resulted into increased demand for satellite propulsion systems from these companies leading them towards investing more on research & development activities related with these products thereby driving up demand for these products across all regions globally including Asia Pacific & Middle East & Africa (APMEA) region where APMEA region accounted for a small share but has shown significant growth rate over last few years mainly due increase investments by countries like India on space exploration programs coupled with favorable government policies towards space exploration programs leading many companies operating out from APMEA region into space exploration activities including launching satellites thereby driving up demand for these products across all regions globally including Europe where Europe accounted for a small share but has shown significant growth rate over last few years mainly due increase investments by countries like France on space exploration programs coupled with favorable government policies towards space exploration programs leading many companies operating out from Europe region into space exploration activities including launching satellites thereby driving up demand for these products across all regions globally. -The market for satellite propulsion systems is expected to grow at a CAGR of 4.5% from 2017 to 2022. -The growth of the market is driven by the increasing demand for satellites and their applications in various industries such as telecommunications, broadcasting, and navigation. -There are many new technologies that have been developed which can be used in satellite propulsion systems such as electric thrusters, ion thrusters, Hall effect thrusters, and solar sails which are expected to drive the growth of this market during the forecast period. -In addition, there is a growing need for small satellites with low mass that can be launched into space easily which will also fuel the growth of this market during the forecast period.
Industry Growth Insights published a new data on “Satellite Propulsion Systems Market”. The research report is titled “Satellite Propulsion Systems Market research by Types (Chemical Propulsion Satellites, Hybrid Propulsion Satellites, All-Electric Propulsion Satellites), By Applications (Low Earth Orbits Satellites, Geosynchronous Satellites, Geostationary Satellites, Other), By Players/Companies Boeing, OHB SE, Safran, Thales, Airbus, Ball Corporation, Mitsubishi Electric, Aerojet Rocketdyne, Bellatrix Aerospace, Orbital ATK”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Satellite Propulsion Systems Market Research Report
By Type
Chemical Propulsion Satellites, Hybrid Propulsion Satellites, All-Electric Propulsion Satellites
By Application
Low Earth Orbits Satellites, Geosynchronous Satellites, Geostationary Satellites, Other
By Companies
Boeing, OHB SE, Safran, Thales, Airbus, Ball Corporation, Mitsubishi Electric, Aerojet Rocketdyne, Bellatrix Aerospace, Orbital ATK
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 Propulsion Systems Market Report Segments:
The global Satellite Propulsion Systems market is segmented on the basis of:
Types
Chemical Propulsion Satellites, Hybrid Propulsion Satellites, All-Electric Propulsion Satellites
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, Other
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:
- Boeing
- OHB SE
- Safran
- Thales
- Airbus
- Ball Corporation
- Mitsubishi Electric
- Aerojet Rocketdyne
- Bellatrix Aerospace
- Orbital ATK
Highlights of The Satellite 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:
- Chemical Propulsion Satellites
- Hybrid Propulsion Satellites
- All-Electric Propulsion Satellites
- By Application:
- Low Earth Orbits Satellites
- Geosynchronous Satellites
- Geostationary Satellites
- Other
- 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 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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- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
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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 propulsion systems are a type of engine that uses the energy from the sun to propel spacecraft.
Some of the major companies in the satellite propulsion systems market are Boeing, OHB SE, Safran, Thales, Airbus, Ball Corporation, Mitsubishi Electric, Aerojet Rocketdyne, Bellatrix Aerospace, Orbital ATK.
The satellite propulsion systems market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Satellite Propulsion Systems 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. Satellite Propulsion Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Satellite Propulsion Systems Market - Supply Chain
4.5. Global Satellite Propulsion Systems Market Forecast
4.5.1. Satellite Propulsion Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Satellite Propulsion Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Satellite Propulsion Systems Market Absolute $ Opportunity
5. Global Satellite Propulsion Systems 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. Satellite Propulsion Systems Market Size and Volume Forecast by Type
5.3.1. Chemical Propulsion Satellites
5.3.2. Hybrid Propulsion Satellites
5.3.3. All-Electric Propulsion Satellites
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Satellite Propulsion Systems 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. Satellite Propulsion Systems Market Size and Volume Forecast by Application
6.3.1. Low Earth Orbits Satellites
6.3.2. Geosynchronous Satellites
6.3.3. Geostationary Satellites
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Satellite Propulsion Systems 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. Satellite Propulsion Systems 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 Satellite Propulsion Systems 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. Satellite Propulsion Systems 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 Satellite Propulsion Systems Demand Share Forecast, 2019-2026
9. North America Satellite Propulsion Systems 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 Satellite Propulsion Systems 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 Satellite Propulsion Systems Market Size and Volume Forecast by Application
9.4.1. Low Earth Orbits Satellites
9.4.2. Geosynchronous Satellites
9.4.3. Geostationary Satellites
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Satellite Propulsion Systems Market Size and Volume Forecast by Type
9.7.1. Chemical Propulsion Satellites
9.7.2. Hybrid Propulsion Satellites
9.7.3. All-Electric Propulsion Satellites
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 Satellite Propulsion Systems Demand Share Forecast, 2019-2026
10. Latin America Satellite Propulsion Systems 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 Satellite Propulsion Systems 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 Satellite Propulsion Systems Market Size and Volume Forecast by Application
10.4.1. Low Earth Orbits Satellites
10.4.2. Geosynchronous Satellites
10.4.3. Geostationary Satellites
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Satellite Propulsion Systems Market Size and Volume Forecast by Type
10.7.1. Chemical Propulsion Satellites
10.7.2. Hybrid Propulsion Satellites
10.7.3. All-Electric Propulsion Satellites
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 Satellite Propulsion Systems Demand Share Forecast, 2019-2026
11. Europe Satellite Propulsion Systems 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 Satellite Propulsion Systems 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 Satellite Propulsion Systems Market Size and Volume Forecast by Application
11.4.1. Low Earth Orbits Satellites
11.4.2. Geosynchronous Satellites
11.4.3. Geostationary Satellites
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Satellite Propulsion Systems Market Size and Volume Forecast by Type
11.7.1. Chemical Propulsion atellites
11.7.2. Hybrid Propulsion Satellites
11.7.3. All-Electric Propulsion Satellites
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 Satellite Propulsion Systems Demand Share, 2019-2026
12. Asia Pacific Satellite Propulsion Systems 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 Satellite Propulsion Systems 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 Satellite Propulsion Systems Market Size and Volume Forecast by Application
12.4.1. Low Earth Orbits Satellites
12.4.2. Geosynchronous Satellites
12.4.3. Geostationary Satellites
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Satellite Propulsion Systems Market Size and Volume Forecast by Type
12.7.1. Chemical Propulsion Satellites
12.7.2. Hybrid Propulsion Satellites
12.7.3. All-Electric Propulsion Satellites
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 Satellite Propulsion Systems Demand Share, 2019-2026
13. Middle East & Africa Satellite Propulsion Systems 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 Satellite Propulsion Systems 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 Satellite Propulsion Systems Market Size and Volume Forecast by Application
13.4.1. Low Earth Orbits Satellites
13.4.2. Geosynchronous Satellites
13.4.3. Geostationary Satellites
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Satellite Propulsion Systems Market Size and Volume Forecast by Type
13.7.1. Chemical Propulsion Satellites
13.7.2. Hybrid Propulsion Satellites
13.7.3. All-Electric Propulsion Satellites
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 Satellite Propulsion Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Satellite Propulsion Systems Market: Market Share Analysis
14.2. Satellite Propulsion Systems Distributors and Customers
14.3. Satellite Propulsion Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Boeing
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. OHB SE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Safran
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Thales
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Airbus
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ball Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mitsubishi Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Aerojet Rocketdyne
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bellatrix Aerospace
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Orbital ATK
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