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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

 
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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.

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