Published Year: 2020
Global Space Propulsion System Market: Focus on Application, Propulsion Type, End User, and Componen
The global space propulsion system market to grow at a CAGR of 11.76% on the basis of value...
Market Research Report
A quick peek into the report
Table of Contents
1.1 Industry Outlook
1.1.1 LEO-focused Satellite Propulsion Technology Market: Overview
1.2 Current and Emerging Technological Trends
1.2.1 Dipole Drive
1.2.2 Space Elevator Propulsion by Mechanical Waves
1.2.3 Solar Sail Electric Propulsion
1.2.4 Air-Scooping Electric Propulsion
1.2.5 Reusable Propulsion System
1.3 Ongoing and Upcoming Projects
1.3.1 Green Propellant Infusion Mission
1.4 Start-Ups and Investment Scenario
1.5 Supply Chain Analysis
1.6 Business Dynamics
1.6.1 Business Drivers
1.6.1.1 Rising Demand for Smaller Telecom and Commercial Earth Observation Satellites in Low Earth Orbit (LEO)
1.6.1.2 Technology Advancement Toward Building Low-Cost and Efficient Propulsion System for Satellites
1.6.2 Business Challenges
1.6.2.1 Growing Concern on Risk Posed by Orbital Space Debris from Use of Satellite Mega Constellations
1.6.3 Business Opportunities
1.6.3.1 Move Toward Creating Viable Business Activities from Non-Toxic or Green (Environment Friendly) Space Propellants
1.7 Business Strategies
1.7.1 Partnerships, Collaborations, Agreements, and Contracts
1.7.2 Mergers and Acquisitions
1.7.3 Others
2.1 LEO-focused Satellite Propulsion Technology Market (by End User)
2.1.1 Market Overview
2.1.1.1 Demand Analysis of LEO-focused Satellite Propulsion Technology Market (by End User)
2.1.2 Commercial
2.1.3 Defense and Government
2.2 LEO-focused Satellite Propulsion Technology Market (by Application)
2.2.1 Overview
2.2.1.1 Demand Analysis of LEO-focused Satellite Propulsion Technology Market (by Application)
2.2.2 Communication
2.2.3 Earth Observation and Remote Sensing
2.2.4 Technology Development
2.2.5 Others
3.1 Global LEO-focused Satellite Propulsion Technology Market (by Propulsion Type)
3.1.1 Market Overview
3.1.1.1 Demand Analysis of LEO-focused Satellite Propulsion Technology Market (by Propulsion Type)
3.2 Electric Propulsion
3.2.1 Chemical Propulsion System
3.2.2 Hybrid Propulsion System
3.3 LEO-focused Satellite Propulsion Technology Market (by Satellite Mass)
3.3.1 Market Overview
3.3.1.1 Demand Analysis of LEO-focused Satellite Propulsion Technology Market (by Satellite Mass)
3.3.2 0-10 kg
3.3.2.1 By Propulsion Type
3.3.3 11-200 kg
3.3.3.1 By Propulsion Type
3.3.4 201-600 kg
3.3.4.1 By Propulsion Type
3.3.5 601-1,200 kg
3.3.5.1 By Propulsion Type
3.4 LEO-focused Satellite Propulsion Technology Market (by Orbit)
3.4.1 Market Overview
3.4.1.1 Demand Analysis of LEO-focused Satellite Propulsion Technology Market (by Orbit)
3.4.2 LEO (Sun-Synchronous Orbit)
3.4.3 LEO (Polar Orbit)
3.4.4 LEO (Non-Polar Inclined)
3.5 LEO-focused Satellite Propulsion Technology Market (by Component)
3.5.1 Market Overview
3.5.1.1 Demand Analysis of LEO-focused Satellite Propulsion Technology Market (by Component)
3.5.2 Thrusters
3.5.3 Propellant Tanks
3.5.4 Valves, Pumps and Regulators
3.5.5 Power Processing Unit
3.5.6 Propulsion Thermal Control
3.5.7 Others
3.6 LEO-focused Satellite Propulsion Technology Market (by Propellant Type)
3.6.1 Market Overview
3.6.1.1 Demand Analysis of LEO-focused Satellite Propulsion Technology Market (by Propellant Type)
3.6.2 Xenon
3.6.3 Krypton
3.6.4 Others
4.1 Global LEO-focused Satellite Propulsion Technology Market (by Region)
4.2 North America
4.2.1 Market
4.2.1.1 Key Manufacturers and Suppliers in North America
4.2.1.2 Business Drivers
4.2.1.3 Business Challenges
4.2.2 Application
4.2.2.1 North America LEO-focused Satellite Propulsion Technology Market (by End User)
4.2.3 Product
4.2.3.1 North America LEO-focused Satellite Propulsion Technology Market (by Satellite Mass)
4.2.4 North America (by Country)
4.2.4.1 U.S.
4.2.4.1.1 Market
4.2.4.1.1.1 Key Manufacturers and Suppliers in the U.S.
4.2.4.1.1.2 Business Drivers
4.2.4.1.1.3 Business Challenges
4.2.4.1.2 Application
4.2.4.1.2.1 U.S. LEO-focused Satellite Propulsion Technology Market (by End User)
4.2.4.1.3 Product
4.2.4.1.3.1 U.S. LEO-focused Satellite Propulsion Technology Market (by Satellite Mass)
4.2.4.2 Canada
4.2.4.2.1 Market
4.2.4.2.1.1 Key Manufacturers and Suppliers in Canada
4.2.4.2.1.2 Business Drivers
4.2.4.2.1.3 Business Challenges
4.2.4.2.2 Application
4.2.4.2.2.1 Canada LEO-focused Satellite Propulsion Technology Market (by End User)
4.2.4.2.3 Product
4.2.4.2.3.1 Canada LEO-focused Satellite Propulsion Technology Market (by Satellite Mass)
4.3 Europe
4.3.1 Market
4.3.1.1 Key Manufacturers and Suppliers in Europe
4.3.1.2 Business Drivers
4.3.1.3 Business Challenges
4.3.2 Application
4.3.2.1 Europe LEO-focused Satellite Propulsion Technology Market (by End User)
4.3.3 Product
4.3.3.1 Europe LEO-focused Satellite Propulsion Technology Market (by Satellite Mass)
4.3.4 Europe (by Country)
4.3.4.1 U.K.
4.3.4.1.1 Market
4.3.4.1.1.1 Key Manufacturers and Suppliers in the U.K.
4.3.4.1.1.2 Business Drivers
4.3.4.1.1.3 Business Challenges
4.3.4.1.2 Application
4.3.4.1.2.1 U.K. LEO-focused Satellite Propulsion Technology Market (by End User)
4.3.4.1.3 Product
4.3.4.1.3.1 U.K. LEO-focused Satellite Propulsion Technology Market (by Satellite Mass)
4.3.4.2 Germany
4.3.4.2.1 Key Manufacturers and Suppliers in Germany
4.3.4.2.2 Market
4.3.4.2.2.1 Business Drivers
4.3.4.2.2.2 Business Challenges
4.3.4.2.3 Application
4.3.4.2.3.1 Germany LEO-focused Satellite Propulsion Technology Market (by End User)
4.3.4.2.4 Product
4.3.4.2.4.1 Germany LEO-focused Satellite Propulsion Technology Market (by Satellite Mass)
4.3.4.3 Russia
4.3.4.3.1 Market
4.3.4.3.1.1 Business Drivers
4.3.4.3.1.2 Business Challenges
4.3.4.3.2 Application
4.3.4.3.2.1 Russia LEO-focused Satellite Propulsion Technology Market (by End User)
4.3.4.3.3 Product
4.3.4.3.3.1 Russia LEO-focused Satellite Propulsion Technology Market (by Satellite Mass)
4.3.4.4 Rest-of-Europe
4.3.4.4.1 Market
4.3.4.4.1.1 Business Drivers
4.3.4.4.1.2 Business Challenges
4.3.4.4.2 Application
4.3.4.4.2.1 Rest-of-Europe LEO-focused Satellite Propulsion Technology Market (by End User)
4.3.4.4.3 Product
4.3.4.4.3.1 Rest-of-Europe LEO-focused Satellite Propulsion Technology Market (by Satellite Mass)
4.4 Asia-Pacific
4.4.1 Market
4.4.1.1 Key Manufacturers and Suppliers in Asia-Pacific
4.4.1.2 Business Drivers
4.4.1.3 Business Challenges
4.4.2 Application
4.4.2.1 Asia-Pacific LEO-focused Satellite Propulsion Technology Market (by End User)
4.4.3 Product
4.4.3.1 Asia-Pacific LEO-focused Satellite Propulsion Technology Market (by Satellite Mass)
4.4.4 Asia-Pacific (by Country)
4.4.4.1 China
4.4.4.1.1 Market
4.4.4.1.1.1 Key Manufacturers and Suppliers in China
4.4.4.1.1.2 Business Drivers
4.4.4.1.1.3 Business Challenges
4.4.4.1.2 Application
4.4.4.1.2.1 China LEO-focused Satellite Propulsion Technology Market (by End User)
4.4.4.1.3 Product
4.4.4.1.3.1 China LEO-focused Satellite Propulsion Technology Market (by Satellite Mass)
4.4.4.2 India
4.4.4.2.1 Market
4.4.4.2.1.1 Key Manufacturers and Suppliers in India
4.4.4.2.1.2 Business Drivers
4.4.4.2.1.3 Business Challenges
4.4.4.2.2 Application
4.4.4.2.2.1 India LEO-focused Satellite Propulsion Technology Market (by End User)
4.4.4.2.3 Product
4.4.4.2.3.1 India LEO-focused Satellite Propulsion Technology Market (by Satellite Mass)
4.4.4.3 Japan
4.4.4.3.1 Market
4.4.4.3.1.1 Key Manufacturers and Suppliers in Japan
4.4.4.3.1.2 Business Drivers
4.4.4.3.1.3 Business Challenges
4.4.4.3.2 Application
4.4.4.3.2.1 Japan LEO-focused Satellite Propulsion Technology Market (by End User)
4.4.4.3.3 Product
4.4.4.3.3.1 Japan LEO-focused Satellite Propulsion Technology Market (by Satellite Mass)
4.4.4.4 Australia
4.4.4.4.1 Market
4.4.4.4.1.1 Business Drivers
4.4.4.4.1.2 Business Challenges
4.4.4.4.2 Application
4.4.4.4.2.1 Australia LEO-focused Satellite Propulsion Technology Market (by End User)
4.4.4.4.3 Product
4.4.4.4.3.1 Australia LEO-focused Satellite Propulsion Technology Market (by Satellite Mass)
4.4.4.5 Rest-of-Asia-Pacific
4.4.4.5.1 Market
4.4.4.5.1.1 Business Driver
4.4.4.5.1.2 Business Challenges
4.4.4.5.2 Application
4.4.4.5.2.1 Rest-of-Asia-Pacific LEO-focused Satellite Propulsion Technology Market (by End User)
4.4.4.5.3 Product
4.4.4.5.3.1 Rest-of-Asia-Pacific LEO-focused Satellite Propulsion Technology Market (by Satellite Mass)
4.5 Rest-of-the-World
4.5.1 Market
4.5.1.1 Business Drivers
4.5.1.2 Business Challenges
4.5.2 Application
4.5.2.1 Rest-of-the-World LEO-focused Satellite Propulsion Technology Market (by End User)
4.5.3 Product
4.5.3.1 Rest-of-the-World LEO-focused Satellite Propulsion Technology Market (by Satellite Mass)
4.5.4 Rest-of-the-World (by Country)
4.5.4.1 Middle East and Africa
4.5.4.1.1 Market
4.5.4.1.1.1 Business Drivers
4.5.4.1.1.2 Business Challenges
4.5.4.1.1.3 Middle East and Africa LEO-focused Satellite Propulsion Technology Market
4.5.4.2 Latin America
4.5.4.2.1 Market
4.5.4.2.1.1 Business Drivers
4.5.4.2.1.2 Business Challenges
4.5.4.2.1.3 Latin America LEO-focused Satellite Propulsion Technology Market
5.1 Competitive Benchmarking
5.2 Airbus S.A.S
5.2.1 Company Overview
5.2.1.1 Role of Airbus S.A.S in the LEO-focused Satellite Propulsion Technology Market
5.2.1.2 Product Portfolio
5.2.2 Business Strategies
5.2.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.3 R&D Analysis
5.2.4 Strengths and Weaknesses of Airbus S.A.S
5.3 Ariane Group
5.3.1 Company Overview
5.3.1.1 Role of Ariane Group in the LEO-focused Satellite Propulsion Technology Market
5.3.1.2 Product Portfolio
5.3.2 Strengths and Weaknesses of Ariane Group
5.4 Aerojet Rocketdyne (Acquired by Lockheed Martin Corp.)
5.4.1 Company Overview
5.4.1.1 Role of Aerojet Rocketdyne in the LEO-focused Satellite Propulsion Technology Market
5.4.1.2 Product Portfolio
5.4.2 Business Strategies
5.4.2.1 Partnerships, Collaborations, Agreements, and Contracts
5.5 Busek Co Inc.
5.5.1 Company Overview
5.5.1.1 Role of Busek Co Inc. in the LEO-focused Satellite Propulsion Technology Market
5.5.1.2 Product Portfolio
5.5.2 Strengths and Weaknesses of Busek Co Inc.
5.6 CU Aerospace
5.6.1 Company Overview
5.6.1.1 Role of CU Aerospace in the LEO-focused Satellite Propulsion Technology Market
5.6.1.2 Product Portfolio
5.6.2 Strengths and Weaknesses of CU Aerospace
5.7 IHI Corporation
5.7.1 Company Overview
5.7.1.1 Role of IHI Corporation in the LEO-focused Satellite Propulsion Technology Market
5.7.1.2 Product Portfolio
5.7.2 R&D Analysis
5.7.3 Strengths and Weaknesses of IHI Corporation
5.8 Lockheed Martin Corporation
5.8.1 Company Overview
5.8.1.1 Role of Lockheed Martin Corporation in the Global LEO-focused Satellite Propulsion Technology Market
5.8.1.2 Product Portfolio
5.8.2 Corporate Strategies
5.8.2.1 Mergers and Acquisitions
5.8.3 Strength and Weakness of Lockheed Martin Corporation
5.8.4 R&D Analysis
5.9 L3Harris Technologies, Inc.
5.9.1 Company Overview
5.9.1.1 Role of L3Harris Technologies, Inc. in the Global LEO-focused Satellite Propulsion Technology Market
5.9.1.2 Product Portfolio
5.9.2 Strength and Weakness of L3Harris Technologies, Inc.
5.9.3 R&D Analysis
5.10 Moog Inc.
5.10.1 Company Overview
5.10.1.1 Role of Moog Inc. in the LEO-focused Satellite Propulsion Technology Market
5.10.1.2 Product Portfolio
5.10.2 Strengths and Weaknesses of Moog Inc.
5.11 Nano Avionics
5.11.1 Company Overview
5.11.1.1 Role of Nano Avionics in the LEO-focused Satellite Propulsion Technology Market
5.11.1.2 Product Portfolio
5.11.2 Strengths and Weaknesses of Nano Avionics
5.12 Northrop Grumman Corporation
5.12.1 Company Overview
5.12.1.1 Role of Northrop Grumman Corporation in the LEO-focused Satellite Propulsion Technology Market
5.12.1.2 Product Portfolio
5.12.2 Strengths and Weaknesses of Northrop Grumman Corporation
5.12.3 R&D Analysis
5.13 OHB SE
5.13.1 Company Overview
5.13.1.1 Role of OHB SE in the LEO-focused Satellite Propulsion Technology Market
5.13.1.2 Product Portfolio
5.13.2 Strengths and Weaknesses of OHB SE
5.14 Safran
5.14.1 Company Overview
5.14.1.1 Role of Safran in the LEO-focused Satellite Propulsion Technology Market
5.14.1.2 Product Portfolio
5.14.2 Strengths and Weaknesses of Safran
5.15 Space Exploration Technologies Corp. (SpaceX)
5.15.1 Company Overview
5.15.1.1 Role of Space Exploration Technologies Corp. (SpaceX) in the LEO-focused Satellite Propulsion Technology Market
5.15.1.2 Product Portfolio
5.15.2 Strengths and Weaknesses of Space Exploration Technologies Corp.
5.16 Thales Group
5.16.1 Company Overview
5.16.1.1 Role of Thales Group Incorporated in the LEO-focused Satellite Propulsion Technology Market.
5.16.1.2 Product Portfolio
5.16.2 Strengths and Weaknesses of Thales Group
5.16.3 R&D Analysis
5.17 Other Key Players
5.17.1 Accion System
5.17.1.1 Company Overview
5.17.2 Phase Four
5.17.2.1 Company Overview
5.17.3 Bellatrix Aerospace
5.17.3.1 Company Overview
5.17.4 ThrustMe
5.17.4.1 Company Overview
5.17.5 Exotrail
5.17.5.1 Company Overview
5.17.6 Enpulsion
5.17.6.1 Company Overview
6.1.1 Factors for Data Prediction and Modelling
Table 1: Propulsion System Technological Roadmap, 2010-2035
Table 2: Developments in Reusable Propulsion System
Table 3: Start-Ups and Investment Scenario, 2019-2021
Table 4: Propellants in Green Propulsion System
Table 5: Partnerships, Collaborations, Agreements and Contracts, January 2019-August 2021
Table 6: Mergers and Acquisitions, January 2019-August 2021
Table 7: Others, January 2019-August 2021
Table 8: Global LEO-focused Satellite Propulsion Technology Market (by End User), Volume and Value, 2020-2031
Table 9: Global LEO-focused Satellite Propulsion Technology Market (by Application), Volume and Value, 2020-2031
Table 10: Global LEO-focused Satellite Propulsion Technology Market (by Propulsion Type), Volume and Value, 2020-2031
Table 11: Global LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Volume and Value, 2020-2031
Table 12: Global LEO-focused Satellite Propulsion Technology Market (by Propulsion Type), Volume and Value, 2020-2031
Table 13: Global LEO-focused Satellite Propulsion Technology Market (by Propulsion Type), Volume and Value, 2020-2031
Table 14: Global LEO-focused Satellite Propulsion Technology Market (by Propulsion Type), Volume and Value, 2020-2031
Table 15: Global LEO-focused Satellite Propulsion Technology Market, (by Propulsion Type), Volume and Value, 2020-2031
Table 16: Global LEO-focused Satellite Propulsion Technology Market (by Orbit), Volume, 2020-2031
Table 17: Global LEO-focused Satellite Propulsion Technology Market (by Component), Value, 2020-2031
Table 18: Global LEO-focused Satellite Propulsion Technology Market (by Propellant Type), Value, 2020-2031
Table 19: Global LEO-focused Satellite Propulsion Technology Market (by Region), Volume and Value, 2020-2031
Table 20: North America LEO-focused Satellite Propulsion Technology Market (by End User), Volume and Value 2020-2031
Table 21: North America LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Volume and Value 2020-2031
Table 22: U.S. LEO-focused Satellite Propulsion Technology Market (by End User), Volume and Value, 2020-2031
Table 23: U.S. LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Volume and Value, 2020-2031
Table 24: Canada LEO-focused Satellite Propulsion Technology Market (by End User), Volume and Value, 2020-2031
Table 25: Canada LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Volume and Value, 2020-2031
Table 26: Europe LEO-focused Satellite Propulsion Technology Market (by End User), Volume and Value, 2020-2031
Table 27: Europe LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Volume and Value, 2020-2031
Table 28: U.K. LEO-focused Satellite Propulsion Technology Market (by End User), Volume and Value, 2020-2031
Table 29: U.K. LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Volume and Value, 2020-2031
Table 30: Germany LEO-focused Satellite Propulsion Technology Market (by End User), Volume and Value, 2020-2031
Table 31: Germany LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Volume and Value 2020-2031
Table 32: Russia LEO-focused Satellite Propulsion Technology Market (by End User), Volume and Value, 2020-2031
Table 33: Russia LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Volume and Value 2020-2031
Table 34: Rest-of-Europe LEO-focused Satellite Propulsion Technology Market (by End User), Volume and Value, 2020-2031
Table 35: Rest-of-Europe LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Volume and Value 2020-2031
Table 36: Asia-Pacific LEO-focused Satellite Propulsion Technology Market (by End User), Volume and Value 2020-2031
Table 37: Asia-Pacific LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Volume and Value 2020-2031
Table 38: China LEO-focused Satellite Propulsion Technology Market (by End User), Volume and Value, 2020-2031
Table 39: China LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Volume and Value, 2020-2031
Table 40: India LEO-focused Satellite Propulsion Technology Market (by End User), Volume and Value, 2020-2031
Table 41: India LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Volume and Value, 2020-2031
Table 42: Japan LEO-focused Satellite Propulsion Technology Market (by End User), Volume and Value, 2020-2031
Table 43: Japan LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Volume and Value 2020-2031
Table 44: Australia LEO-focused Satellite Propulsion Technology Market (by End User), Volume and Value, 2020-2031
Table 45: Australia LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Volume and Value, 2020-2031
Table 46: Rest-of-Asia-Pacific LEO-focused Satellite Propulsion Technology Market (by End User), Volume and Value, 2020-2031
Table 47: Rest-of-Asia-Pacific LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Volume and Value, 2020-2031
Table 48: Rest-of-the-World LEO-focused Satellite Propulsion Technology Market (by End User), Volume and Value, 2020-2031
Table 49: Rest-of-the-World LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Volume and Value, 2020-2031
Table 50: Middle East and Africa LEO-focused Satellite Propulsion Technology Market, Volume and Value, 2020-2031
Table 51: Latin America LEO-focused Satellite Propulsion Technology Market, 2020-2031
Table 52: Benchmarking and Weightage Parameters
Table 53: Airbus S.A.S: Product Portfolio
Table 54: Airbus S.A.S: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 55: Ariane Group: Product Portfolio
Table 56: Aerojet Rocketdyne: Product Portfolio
Table 57: Aerojet Rocketdyne: Partnerships, Collaborations, Agreements, and Contracts
Table 58: Busek Co Inc.: Product Portfolio
Table 59: CU Aerospace: Product Portfolio
Table 60: IHI Corporation: Product Portfolio
Table 61: Lockheed Martin Corporation: Product Portfolio
Table 62: Lockheed Martin Corporation: Merger and Acquisition
Table 63: L3Harris Technologies, Inc.: Product Portfolio
Table 64: Moog Inc.: Product Portfolio
Table 65: Nano Avionics: Product Portfolio
Table 66: Northrop Grumman Corporation: Product Portfolio
Table 67: OHB SE: Product Portfolio
Table 68: Safran: Product Portfolio
Table 69: Space Exploration Technologies Corp.: Product Portfolio
Table 70: Thales Group: Product Portfolio
Figure 1: Global LEO-focused Satellite Propulsion Technology Market, Volume (Number of Units), 2020-2031
Figure 2: Global LEO-focused Satellite Propulsion Technology Market, Value ($Million), 2020-2031
Figure 3: Global LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Volume (Number of Units), 2020 and 2031
Figure 4: Global LEO-focused Satellite Propulsion Technology Market (by Satellite Mass), Value ($Million), 2020 and 2031
Figure 5: Global LEO-focused Satellite Propulsion Technology Market (by Orbit), Volume (Number of Units), 2020 and 2031
Figure 6: Global LEO-focused Satellite Propulsion Technology Market (by End User), Volume (Number of Units), 2020 and 2031
Figure 7: Global LEO-focused Satellite Propulsion Technology Market (by End User), Value ($Million), 2020 and 2031
Figure 8: Global LEO-focused Satellite Propulsion Technology Market (by Propulsion Type), Volume (Number of Units), 2020 and 2031
Figure 9: Global LEO-focused Satellite Propulsion Technology Market (by Propulsion Type), Value ($Million), 2020 and 2031
Figure 10: Global LEO-focused Satellite Propulsion Technology Market (by Region), $Million, 2031
Figure 11: LEO-focused Satellite Propulsion Technology Market Coverage
Figure 12: Propulsion System Technology Curve in Satellites
Figure 13: Supply Chain Analysis of LEO-focused Satellite Propulsion Technology Market
Figure 14: Global LEO-focused Satellite Propulsion Technology Market, Business Dynamics
Figure 15: Number of LEO-Based Satellite Launches for Communication and Earth Observation, 2010-2020
Figure 16: Space Debris in LEO, MEO, and GEO
Figure 17: Share of Key Business Strategies and Developments, January 2019-August 2021
Figure 18: LEO-focused Satellite Propulsion Technology Market (by End User)
Figure 19: LEO-focused Satellite Propulsion Technology Market (by Application)
Figure 20: LEO-focused Satellite Propulsion Technology Market (by Orbit)
Figure 21: LEO-focused Satellite Propulsion Technology Market (by Propellant Type)
Figure 22: LEO-focused Satellite Propulsion Technology Supply Players, Benchmarking Score
Figure 23: Airbus S.A.S: R&D Analysis,2018-2020
Figure 24: IHI Corporation: R&D Analysis,2017-2019
Figure 25: Lockheed Martin Corporation: R&D Analysis, 2018-2020
Figure 26: L3Harris Technologies, Inc.: R&D Analysis, 2018-2020
Figure 27: Northrop Grumman: R&D Analysis (2018-2020)
Figure 28: Thales Group: R&D Analysis, 2018-2020
Figure 29: Research Methodology
Figure 30: Top-Down and Bottom-Up Approach
Figure 31: Assumptions and Limitations
Market Report Coverage
|
LEO-focused Satellite Propulsion Technology |
|||
|
Base Year |
2020 |
Market Size in 2020 |
$4,464.4 Million |
|
Forecast Period |
2021-2031 |
Value Projection and Estimation by 2031 |
$13,212.7 Million |
|
CAGR During Forecast Period |
6.98% |
Number of Tables |
70 |
|
Number of Pages |
162 |
Number of Figures |
31 |
|
Market Segmentation |
• End User: Defense and Government and Commercial • Application: Communication, Earth Observation and Remote Sensing, Technology Development, and Others • Propulsion Type: Electric, Chemical, and Hybrid • Satellite Mass: 0-10kg, 11-200kg, 201-600kg, and 601-1200kg • Component: Thrusters, Propellant Tanks, Valves, Pumps and Regulators, Power Processing Unit, Propulsion Thermal Control, and Others • Orbit: LEO (Sun-Synchronous Orbit), LEO (Polar Orbit), and LEO (Non-Polar Inclined) • Propellant Type: Xenon, Krypton, and Others |
||
|
Regional Segmentation |
• North America: U.S. and Canada • Europe: Germany, Russia, U.K., Rest-of-Europe • Asia-Pacific: China, Japan, India, Australia, and Rest-of-Asia-Pacific • Rest-of-the-World: Middle East and Africa, Latin America |
||
|
Market Growth Drivers |
• Rising Demand for Smaller Telecom and Commercial Earth Observation Satellites in Low Earth Orbit (LEO) • Technology Advancement Toward Building Low-Cost and Efficient Propulsion System for Satellites |
||
|
Market Challenges |
• Growing Concern on Risk Posed by Orbital Space Debris from Use of Satellite Mega Constellations |
||
|
Market Opportunities |
• Move Toward Creating Viable Business Activities from Non-Toxic or Green (Environment Friendly) Space Propellants |
||
|
Key Companies Profiled |
Airbus S.A.S, Ariane Group, Aerojet Rocketdyne (Acquired by Lockheed Martin Corp.), Busek Co Inc., CU Aerospace, IHI Corporation, Lockheed Martin Corporation, L3Harris Technologies, Inc., Moog Inc., Nano Avionics, Northrop Grumman Corporation, OHB SE, Safran, Space Exploration Technologies Corp. (SpaceX), Thales Group |
||
How This Report Can Add Value
Product / Innovation Strategy: The product segment helps the reader in understanding the different types of LEO-focused satellite propulsions and their market potentials globally. Moreover, the study provides the reader a detailed understanding of LEO-focused satellite propulsion technology with respect to propulsion type (electric, chemical, hybrid), satellite mass (0-10kg, 11-200kg, 201-600kg, 601-1,200kg), component (thrusters, propellant tanks, valve, pumps and regulators, power processing unit, propulsion thermal control and others), orbit (sun-synchronous, polar, and non-polar inclined), propellant type (xenon, krypton, others). Additionally, comprehensive coverage of end users and applications has also been added to the study.
Key Questions Answered in the Report
• What are the futuristic trends in this market, and how is the market expected to change over the forecast years, 2021-2031?
• What are the key drivers and challenges faced by the companies currently working in the global LEO-focused satellite propulsion technology market?
• How is the LEO-focused satellite propulsion technology market expected to grow during the forecast period 2021-2031?
• What are the opportunities for the companies to expand their businesses in the global LEO-focused satellite propulsion technology market?
• Which region is expected to lead the global LEO-focused satellite propulsion technology market by 2031?
• What are the key developmental strategies implemented by the key players to sustain in this highly competitive market?
• What is the current and future revenue scenario of this market?
• What is the competitive scenario of the key players in the global LEO-focused satellite propulsion technology market?
• What are the emerging technologies that the key companies are focusing on to increase their market share?
• What are the strengths and weaknesses of the companies that are influencing the growth of the market?
Report Summary
LEO-Focused Satellite Propulsion Technology Market
Between 1957 and 2021, many governments and commercial organizations such as SpaceX, Ariane Space, Europe Space Agency (ESA), National Aeronautics and Space Administration (NASA), and Japan Aerospace Exploration Agency (JAXA), among others, started demonstration for new propulsion system for different satellites in low Earth orbit (LEO). Since then, technology has evolved continually and transformed the entire space industry by developing unique products and systems.
LEO-Focused Satellite Propulsion Technology Industry Overview
Currently, many space agencies and commercial companies across the globe have been focusing on developing low Earth orbit (LEO) satellite constellations. This will drive the market for the propulsion system. Moreover, rising research and development activities to develop cost-efficient propulsion technologies and advancements in 3D printing technology for developing the components of satellite propulsion systems are other factors contributing to the growth of the LEO-focused satellite propulsion technology market. For instance, in April 2021, Phase Four signed a contract with the U.S. Air Force to test alternative fuel on its Maxwell electric thruster. The company received $750,000 from the U.S. Air Force under Small Business Innovation Research (SBIR) award. This would likely penetrate the niche markets and generate significant revenues in the future.
The global LEO-focused satellite propulsion technology market is expected to reach $13,212.7 by 2031, with a CAGR of 6.98% during the forecast period 2021- 2031. The increasing number of satellite constellations for applications such as communication, technology development, Earth observation, and remote sensing is expected to be the major driving factors for the market. In addition, increasing demand for building efficient propulsion systems s at low cost are key drivers for the growth of the global LEO-focused satellite propulsion technology market.
Market Segmentation
LEO-Focused Satellite Propulsion Technology Market by End Users
The commercial end user segment is estimated to dominate the global LEO-focused satellite propulsion technology market due to the increasing development of small satellite constellations for communication, remote sensing, Earth observation, and navigation by commercial industries.
LEO-Focused Satellite Propulsion Technology Market by Application
The market is currently flourishing with the development of small satellites for communication missions. Companies and space agencies aim to develop long-range, high-capacity, and cost-effective communication constellations using small satellites.
LEO-Focused Satellite Propulsion Technology Market by Propulsion Type
Electric propulsion is the most prominent propulsion system contributing to the global LEO-focused satellite propulsion technology market. It is anticipated that, by 2031, the market penetration of electric satellites will grow to more than 40% in the overall satellite launches. However, the high cost, development complexity, and low thrust capability are restraining the growth of the electric propulsion system segment. However, technological advancements are anticipated to overcome these challenges, and electric propulsion systems are anticipated to witness huge growth.
LEO-Focused Satellite Propulsion Technology Market by Region
North America is expected to account for the highest share of the global LEO-focused satellite propulsion technology market, owing to a significant number of companies based in the region, increased spending by government and commercial organizations such as the National Aeronautics and Space Administration (NASA), Aerojet Rocketdyne, Ariane Group, Exotrail, Space X, and Enpulsion for LEO-based propulsion systems.
Key Market Players and Competition Synopsis
Airbus S.A.S, Ariane Group, Aerojet Rocketdyne (Acquired by Lockheed Martin Corp.), Busek Co Inc., CU Aerospace, IHI Corporation, Lockheed Martin Corporation, L3Harris Technologies, Inc., Moog Inc., Nano Avionics, Northrop Grumman Corporation, OHB SE, Safran, Space Exploration Technologies Corp. (SpaceX), Thales Group
The companies profiled in the report have been selected post-in-depth interviews with experts and understanding details around companies such as product portfolios, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the LEO-focused satellite propulsion technology market.
LEO-focused Satellite Propulsion Technology Market - A Global and Regional Analysis
Focus on End User, Application, Propulsion Type, Satellite Mass, Component, Orbit, Propellant Type and Country - Analysis and Forecast, 2021-2031
Some Faq's
Frequently Asked Questions
The global LEO-focused satellite propulsion technology market is expected to reach $13,212.7 by 2031, with a CAGR of 6.98% during the forecast period 2021- 2031.
The top market players are Airbus S.A.S, Ariane Group, Aerojet Rocketdyne (Acquired by Lockheed Martin Corp.), Busek Co Inc., CU Aerospace, IHI Corporation, Lockheed Martin Corporation, L3Harris Technologies, Inc., Moog Inc., Nano Avionics, Northrop Grumman Corporation, OHB SE, Safran, Space Exploration Technologies Corp. (SpaceX), Thales Group.
Factors driving the growth of the global LEO-focused satellite propulsion technology market are rising demand for smaller telecom and commercial earth observation satellites in low earth orbit (LEO) and technology advancement toward building low-cost and efficient propulsion system for satellites.
The main challenge restricting the growth of the global LEO-focused satellite propulsion technology market is growing concern on risk posed by orbital space debris from use of satellite mega constellations.
The potential opportunity that is likely to boost the growth of the global LEO-focused satellite propulsion technology market is Move Toward Creating Viable Business Activities from Non-Toxic or Green (Environment Friendly) Space Propellants.
Similar Product
You may also like
Published Year: 2019
Global Small Satellite Market – Analysis and Forecast, 2019-2030: Focus on End User, Application,
The small satellite market to grow at a significant CAGR of 14.15% by value and 14.28% by...