Electric Propulsion Satellite Market size is to grow by USD 15.71 billion from 2021 to 2026|Accion Systems Inc., Ad Astra Rocket Co., Aerojet Rocketdyne Holdings Inc., and more to emerge as key players- Technavio

NEW YORK, July 19, 2023 /PRNewswire/ -- The electric propulsion satellite market size is estimated to grow by USD 15.71 billion from 2021 to 2026 at a CAGR of 16.28% according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including Accion Systems Inc., Ad Astra Rocket Co., Aerojet Rocketdyne Holdings Inc., Airbus SE, Busek Co. Inc., INVAP S.E., Northrop Grumman Corp., OHB System AG, Safran SA, Sitael S.p.A., Thales Group, and The Boeing Co.

Electric Propulsion Satellite Market Insights -

• Vendors: 15+, Including Accion Systems Inc., Ad Astra Rocket Co., Aerojet Rocketdyne Holdings Inc., Airbus SE, Busek Co. Inc., INVAP S.E., Northrop Grumman Corp., OHB System AG, Safran SA, Sitael S.p.A., Thales Group, and The Boeing Co. among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Type (Hybrid and All-electric) and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

To understand more about the electric propulsion satellite market, request a  sample report

Electric propulsion satellite market - Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• For highlights on customer landscape analysis, download a sample!

Key Electric Propulsion Satellite Market Driver- The growing preference for the hosted payload is one of the major factors notably driving the market growth. The government or defense agency adopts a hosted payload approach by attaching a small module to a commercial satellite. This module operates independently and is exclusively dedicated to the requirements of the government or defense agencies. However, it shares the same power supply and transponders as the commercial modules. This approach is favored by government agencies to achieve cost efficiencies and eliminate the need for a separate dedicated satellite. Additionally, it mitigates the risks associated with launch delays, inadequate funding, and operational failures. These factors drive the growing preference for hosted payloads and contribute to the growth of the electric propulsion satellite market in the forecast period.

Key Electric Propulsion Satellite Market Trend- The introduction of lightweight amplifiers is an emerging trend shaping market growth.  Power amplifiers are one of the building blocks of a wide spectrum of applications, which necessitate high-frequency signal transmission. The replacement of gallium arsenide with an alternative material in power amplifiers is a major trend. This alternative material can be easily integrated into the silicon-based circuitry of electronic applications. By designing a CMOS-based amplifier, which is fabricated from complementary metal-oxide-semiconductor (CMOS) chips, a more practical and cost-effective option can be achieved. Since silicon is less expensive than gallium arsenide and has a longer lifespan, this replacement will drive the growth of the electric propulsion satellite market in the forecast period.

Key Electric Propulsion Satellite Market Challenge- Design and manufacturing constraints is a significant factor hindering market growth. The design and manufacturing of miniaturized satellites pose challenges in terms of size and weight reduction while maintaining high performance and reliability. With the increasing demand for nano and microsatellites in military and commercial sectors, these satellites need to meet high-reliability standards and have longer mission life for various applications. However, achieving highly reliable and high-capacity systems within the design constraints of miniaturized satellites is challenging due to limited mass and power resources. Therefore, there is a need for significant advancements in miniaturized electronics and components to meet future requirements. These challenges may hinder the growth of the electric propulsion satellite market during the forecast period.

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a  sample report!

The electric propulsion satellite market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

Why Buy?

• Add credibility to strategy
• Analyzes competitor's offerings 
• Get a holistic view of the market

Grow your profit margin with Technavio- Buy the Report

What are the key data covered in this electric propulsion satellite market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the electric propulsion satellite market between 2022 and 2026
• Precise estimation of the electric propulsion satellite market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the electric propulsion satellite market across North America, APAC, Europe, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of electric propulsion satellite market vendors

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports: 

The satellite propulsion system market is estimated to grow at a CAGR of 7.72% between 2022 and 2027. The market size is forecast to increase by USD 12,320.9 million.  report extensively covers market segmentation by type (chemical propulsion, hybrid propulsion, and all-electric propulsion), application (MEO satellite, GEO satellite, and LEO satellite), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The emergence of low-cost satellites is notably driving market growth.

The hybrid electric marine propulsion engine market size is estimated to grow at a CAGR of 5.2% between 2022 and 2027 and the size of the market is forecast to increase by USD 1,133.1 million. This report extensively covers market segmentation by application (commercial and leisure), end-user (tugboats, offshore support vehicles, ferries, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The stringent emission regulations are one of the key drivers supporting the hybrid electric marine propulsion engine market growth.

Table of contents

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021 

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments 
• Exhibit 24: Chart on Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

• 5.2 Comparison by Type 
• Exhibit 26: Chart on Comparison by Type
• Exhibit 27: Data Table on Comparison by Type

• 5.3 Hybrid - Market size and forecast 2021-2026
• Exhibit 28: Chart on Hybrid - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Hybrid - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Hybrid - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Hybrid - Year-over-year growth 2021-2026 (%)

• 5.4 All-electric - Market size and forecast 2021-2026
• Exhibit 32: Chart on All-electric - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on All-electric - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on All-electric - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on All-electric - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Type 
• Exhibit 36: Market opportunity by Type ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 APAC - Market size and forecast 2021-2026
• Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Russia - Market size and forecast 2021-2026
• Exhibit 70: Chart on Russia - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Russia - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Russia - Year-over-year growth 2021-2026 (%)

• 7.11 India - Market size and forecast 2021-2026
• Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.12 Japan - Market size and forecast 2021-2026
• Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers 

• 8.2 Market challenges 

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends 

9 Vendor Landscape

• 9.1 Overview 

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Accion Systems Inc. 
• Exhibit 89: Accion Systems Inc. - Overview
• Exhibit 90: Accion Systems Inc. - Product / Service
• Exhibit 91: Accion Systems Inc. - Key offerings

• 10.4 Ad Astra Rocket Co. 
• Exhibit 92: Ad Astra Rocket Co. - Overview
• Exhibit 93: Ad Astra Rocket Co. - Product / Service
• Exhibit 94: Ad Astra Rocket Co. - Key offerings

• 10.5 Aerojet Rocketdyne Holdings Inc. 
• Exhibit 95: Aerojet Rocketdyne Holdings Inc. - Overview
• Exhibit 96: Aerojet Rocketdyne Holdings Inc. - Business segments
• Exhibit 97: Aerojet Rocketdyne Holdings Inc. - Key offerings
• Exhibit 98: Aerojet Rocketdyne Holdings Inc. - Segment focus

• 10.6 Airbus SE 
• Exhibit 99: Airbus SE - Overview
• Exhibit 100: Airbus SE - Business segments
• Exhibit 101: Airbus SE - Key news
• Exhibit 102: Airbus SE - Key offerings
• Exhibit 103: Airbus SE - Segment focus

• 10.7 Busek Co. Inc. 
• Exhibit 104: Busek Co. Inc. - Overview
• Exhibit 105: Busek Co. Inc. - Product / Service
• Exhibit 106: Busek Co. Inc. - Key offerings

• 10.8 Northrop Grumman Corp. 
• Exhibit 107: Northrop Grumman Corp. - Overview
• Exhibit 108: Northrop Grumman Corp. - Business segments
• Exhibit 109: Northrop Grumman Corp. - Key news
• Exhibit 110: Northrop Grumman Corp. - Key offerings
• Exhibit 111: Northrop Grumman Corp. - Segment focus

• 10.9 Safran SA 
• Exhibit 112: Safran SA - Overview
• Exhibit 113: Safran SA - Business segments
• Exhibit 114: Safran SA - Key news
• Exhibit 115: Safran SA - Key offerings
• Exhibit 116: Safran SA - Segment focus

• 10.10 Sitael S.p.A. 
• Exhibit 117: Sitael S.p.A. - Overview
• Exhibit 118: Sitael S.p.A. - Product / Service
• Exhibit 119: Sitael S.p.A. - Key offerings

• 10.11 Thales Group 
• Exhibit 120: Thales Group - Overview
• Exhibit 121: Thales Group - Business segments
• Exhibit 122: Thales Group - Key offerings
• Exhibit 123: Thales Group - Segment focus

• 10.12 The Boeing Co. 
• Exhibit 124: The Boeing Co. - Overview
• Exhibit 125: The Boeing Co. - Business segments
• Exhibit 126: The Boeing Co. - Key news
• Exhibit 127: The Boeing Co. - Key offerings
• Exhibit 128: The Boeing Co. - Segment focus

11 Appendix

• 11.1 Scope of the report 

• 11.2 Inclusions and exclusions checklist
• Exhibit 129: Inclusions checklist
• Exhibit 130: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 131: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 132: Research methodology
• Exhibit 133: Validation techniques employed for market sizing
• Exhibit 134: Information sources

• 11.5 List of abbreviations 
• Exhibit 135: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio