Global Electric Propulsion System Market Growth (Status and Outlook) 2023-2029

Global Electric Propulsion System Market Growth (Status and Outlook) 2023-2029

Electric Propulsion (EP) is a class of space propulsion which makes use of electrical power to accelerate a propellant by different possible electrical and/or magnetic means. An electrically powered spacecraft propulsion system uses electrical energy to change the velocity of a spacecraft. Most of these kinds of spacecraft propulsion systems work by electrically expelling propellant at high speed. This report focus on Electric propulsion on the nano and microsatellite market.
LPI (LP Information)' newest research report, the “Electric Propulsion System Industry Forecast” looks at past sales and reviews total world Electric Propulsion System sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Propulsion System sales for 2023 through 2029. With Electric Propulsion System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Propulsion System industry.
This Insight Report provides a comprehensive analysis of the global Electric Propulsion System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Propulsion System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Propulsion System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Propulsion System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Propulsion System.
The global Electric Propulsion System market size is projected to grow from US$ 400.1 million in 2022 to US$ 1707 million in 2029; it is expected to grow at a CAGR of 23.0% from 2023 to 2029.
Global Electric Propulsion System key players include Aerospace Corporation, SITAEL, Bellatrix Aerospace, Busek, Accion Systems, etc. Global top five manufacturers hold a share about 80%. United States is the largest market, with a share about 60%, followed by Europe, with a share about 25 percent. In terms of product, HET is the largest segment, with a share about 60%. And in terms of application, the largest application is Microsatellite, followed by Nano Satellite.
This report presents a comprehensive overview, market shares, and growth opportunities of Electric Propulsion System market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Gridded Ion Engine (GIE)
Hall Effect Thruster (HET)
High Efficiency Multistage Plasma Thruster (HEMPT)
Pulsed Plasma Thruster (PPT)
Other
Segmentation by application
Nano Satellite
Microsatellite
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Aerospace Corporation
SITAEL
Bellatrix Aerospace
Busek Co. Inc.
Accion Systems Inc.

Please note: The report will take approximately 2 business days to prepare and deliver.