Global Electric Propulsion Satellite Market 2024-2028
The electric propulsion satellite market is forecasted to grow by $ 10883 mn during 2023-2028, accelerating at a CAGR of 9.83% % during the forecast period. The report on the electric propulsion satellite market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing preference for hosted payload, cost-effective commercial launch vehicles, and increasing use of electric propulsion satellite in military and defense applications.
Technavio's electric propulsion satellite market is segmented as below:
By Application
By Type
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the increase in sustainable and green satellite operations as one of the prime reasons driving the electric propulsion satellite market growth during the next few years. Also, growing demand for small satellites and increasing focus on long-duration missions and deep space exploration will lead to sizable demand in the market.
The report on the electric propulsion satellite market covers the following areas:
- Electric propulsion satellite market sizing
- Electric propulsion satellite market forecast
- Electric propulsion satellite market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric propulsion satellite market vendors that include Accion Systems Inc., Ad Astra Rocket Co., Airbus SE, Bellatrix Aerospace Pvt. Ltd., Busek Co. Inc., INVAP S.E., L3Harris Technologies Inc., Lockheed Martin Corp., MIT AeroAstro, Northrop Grumman Corp., OHB System AG, Safran SA, Sitael S.p.A., Thales Group, The Boeing Co., and ThrustMe. Also, the electric propulsion satellite market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.