Global Satellite Propulsion System Market 2024-2028
The satellite propulsion system market is forecasted to grow by USD 15343.3 mn during 2023-2028, accelerating at a CAGR of 8.76% during the forecast period. The report on the satellite propulsion system 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 emergence of low-cost satellites, cost-effective solutions, and development of sustainable space launch vehicles.
Technavio's satellite propulsion system market is segmented as below:
By Type
- Chemical propulsion
- Hybrid propulsion
- All-electric propulsion
By Application
- MEO satellite
- GEO satellite
- LEO satellite
By Geography
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the propulsion by inert gases as one of the prime reasons driving the satellite propulsion system market growth during the next few years. Also, rapid deployment of cubesats and use of green propulsive technologies will lead to sizable demand in the market.
The report on the satellite propulsion system market covers the following areas:
- Satellite propulsion system market sizing
- Satellite propulsion system market forecast
- Satellite propulsion system 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 satellite propulsion system market vendors that include Airbus SE, ArianeGroup, CU Aerospace, ESCO Technologies Inc., Eutelsat S.A., Hispasat SA, IHI Corp., Inmarsat Global Ltd., Intelsat US LLC, Moog Inc., Northrop Grumman Corp., OHB SE, Rafael Advanced Defense Systems Ltd., Safran SA, SES SA, SKY Perfect JSAT Holdings Inc., Starfish Space, Telesat Corp., Thaicom Public Co. Ltd., and Thales Group. Also, the satellite propulsion system 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.