Global Hall-effect Thruster System for Satellite Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hall-effect Thruster System for Satellite Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A Hall-effect thruster system generally consists of a thruster (thruster body + cathode), PPU (power supply), and flow controller (Flow Controller). Furthermore, the entire propulsion system may include valves (Propellant Management Assembly / System) including the tank and pressure control system. The Hall Effect Technology has been used for decades and equips most of the large satellites thrusters, because it combines the high impulse of electric propulsion technology along with a very high thrust-to-power ratio.

Market Overview:

The latest research study on the global Hall-effect Thruster System for Satellite market finds that the global Hall-effect Thruster System for Satellite market reached a value of USD 456.15 million in 2022. It’s expected that the market will achieve USD 825.02 million by 2028, exhibiting a CAGR of 10.38% during the forecast period.

Limitations

Government policies at the national and international levels directly or indirectly affect the development of satellite ecosystems and industries. Currently, there is no comprehensive global or domestic regulatory system on track. Satellite operators have expressed interest in formulating regulations that provide investors with certainty. There are concerns those onerous regulations may prompt companies to move from one country to another. Given that the timetables for the functions of operators and policymakers are not always consistent, and huge efforts have been made in formulating international social agreements, formulating policies and regulations for the rapidly growing commercial aerospace industry will be a challenge for the next 10 years. This will limit the development of Hall effect thruster systems for satellites.

Opportunities

For many countries, government investment, usually in R&D and start-ups, is not only seen as a way to respond to social challenges, but also as a way to promote independence from imports, eventually including Hall-effect A global solution provider in many fields including Thruster System for Satellite. Many governments also recognize that they do not have a developed venture capital sector like the United States, so they provide venture capital (VC) funds. Recently, Japan launched the cabinet-level ImPACT (Pushing Paradigm Change through Disruptive Technology) program, which may promote the development of space start-ups.

Region Overview:

North America is projected to account for a considerable share of the Hall-effect Thruster System for Satellite market and is expected to become the largest region by 2027.

Company Overview:

SpaceX is one of the major players operating in the Hall-effect Thruster System for Satellite market, holding a share of 23.58% in 2022.
SpaceX
Space Exploration Technologies Corp. (SpaceX) is an American aerospace manufacturer, space transportation services and communications company headquartered in Hawthorne, California. SpaceX manufactures the Falcon 9 and Falcon Heavy launch vehicles, several rocket engines, Dragon cargo, crew spacecraft and Starlink communications satellites.

Safran S.A.

Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible.

Segmentation Overview:

Among different product types, Hall Effect Thruster segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Small Satellites segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Hall-effect Thruster System for Satellite market covered in Chapter 3:

Sitael
Thales Alenia Space
OHB System AG
Aerojet Rocketdyne Holdings, Inc.
Fakel
L3Harris
Apollo fusion
SETS
Busek Co. Inc.
Safran S.A.
CASC
Spacex

In Chapter 4 and Chapter 14.2, on the basis of types, the Hall-effect Thruster System for Satellite market from 2018 to 2029 is primarily split into:

Hall Effect Thruster
PPU
Flow Controller
Valves
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hall-effect Thruster System for Satellite market from 2018 to 2029 covers:

CubeSats
Small Satellites
Medium Satellites
Large Satellites

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)