Published Year: 2021
LEO-focused Satellite Propulsion Technology Market - A Global and Regional Analysis: Focus on End Us
The global LEO-focused satellite propulsion technology market is expected to reach $13,212.7...
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Table of Contents
1.1 Industry Outlook
1.1.1 Satellite Electric Propulsion Market: Overview
1.1.2 Increasing Deployment of Electric Propulsion in LEO Missions
1.1.3 All-Electric Satellite Scenario
1.1.4 Evolving Mission Requirements (Ongoing and Upcoming Programs)
1.1.4.1 OneWeb Satellite Constellation
1.1.4.2 Galileo Satellite Constellation
1.1.4.3 Psyche Mission
1.1.4.4 Mars Sample Return (MSR) Mission
1.1.4.5 Lunar Gateway (Artemis Program)
1.1.4.6 Spacety SAR Constellation
1.1.5 Emerging Electric Propulsion Technological Trends
1.1.5.1 Solar Electric Propulsion
1.1.5.2 Electric Iodine Thrusters
1.1.5.3 Multi-Modal Electric Propulsion Engine (MEPE)
1.1.5.4 Field-Emission Electric Propulsion (FEEP)
1.1.5.5 Air-Scooping Electric Propulsion (ASEP)
1.1.5.6 Lightweight Amplifiers
1.1.6 Startups and Investment Scenarios
1.1.7 Leveraging Demand from Serial Production of Satellites for Electric Propulsion System
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Demand for Large Constellations for Smaller Telecom Satellites in Low Earth Orbit (LEO)
1.2.1.2 Rising Research and Development Activities for Building Low-Cost and Efficient Propulsion Systems for Satellites
1.2.2 Business Challenges
1.2.2.1 Relatively Low Thrust Nature of Electric Propulsion Systems Impose Longer Timelines for Orbit-Transfer Risking Satellite Exposure to Radiation and Delaying Mission Timelines
1.2.2.2 Integration of Electric Propulsion Results in a Growing Power Budget (Imposing the Need for More Onboard Power and the Addition of More Associated Power Electronics)
1.2.3 Business Strategies
1.2.3.1 New Product Launches
1.2.4 Corporate Strategies
1.2.4.1 Partnerships, Collaborations, Agreements, and Contracts
1.2.4.2 Mergers and Acquisitions
1.2.5 Business Opportunities
1.2.5.1 Satellite Manufacturers can Achieve Multiple Variants of the Satellite When Utilizing the All-Electric Option Owing to its Scalability Advantage
2.1 Global Satellite Electric Propulsion Market (by Mass Class)
2.1.1 Market Overview
2.1.1.1 Demand Analysis for Global Satellite Electric Propulsion Market (by Mass Class), Value and Volume
2.1.2 Small Satellite (0-500 Kg)
2.1.2.1 Demand Analysis for Global Satellite Electric Propulsion Market (by Small Satellite (0-500 Kg)), Value and Volume
2.1.3 Medium Satellite (501-2,200 Kg)
2.1.4 Large Satellite (Above 2,201 Kg)
2.2 Global Satellite Electric Propulsion Market (by Mission Type)
2.2.1 Market Overview
2.2.1.1 Demand Analysis for Global Satellite Electric Propulsion Market (by Mission Type), Value and Volume
2.2.2 Earth Observation
2.2.3 Communication
2.2.4 Technology Development
2.2.5 Others
2.3 Global Satellite Electric Propulsion Market (by Mission Application)
2.3.1 Market Overview
2.3.1.1 Demand Analysis for Global Satellite Electric Propulsion Market (by Mission Application), Value and Volume
2.3.2 Station Keeping
2.3.3 Orbit Raising
2.4 Global Satellite Electric Propulsion Market (by Component)
2.4.1 Market Overview
2.4.1.1 Demand Analysis for Global Satellite Electric Propulsion Market (by Component), Value and Volume
2.4.2 Power Control Units
2.4.3 Power Distribution Units
2.4.4 Pointing Mechanism
2.4.5 Pressure Regulators
2.4.6 Valves
2.4.7 Flow Controllers
2.4.8 Mass Flow Sensors
2.4.9 Pressure Transducers
2.4.10 Particle Filters
2.4.11 Tanks
2.4.12 Plumbing/Tubing
2.4.13 Propulsion Chamber/Nozzle
3.1 Global Satellite Electric Propulsion Market (by Region)
3.2 North America
3.2.1 Market
3.2.1.1 Key Manufacturers and Service Providers in North America
3.2.1.2 Business Drivers
3.2.1.3 Business Challenges
3.2.2 Product
3.2.2.1 North America Satellite Electric Propulsion Market (by Mission Application)
3.2.3 North America (by Country)
3.2.3.1 U.S.
3.2.3.1.1 Market
3.2.3.1.1.1 Key Manufacturers and Service Providers in the U.S.
3.2.3.1.2 Product
3.2.3.1.2.1 U.S. Satellite Electric Propulsion Market (by Mission Application)
3.3 Europe
3.3.1 Market
3.3.1.1 Key Manufacturers and Service Providers in Europe
3.3.1.2 Business Drivers
3.3.1.3 Business Challenges
3.3.2 Product
3.3.2.1 Europe Satellite Electric Propulsion Market (by Mission Application)
3.3.3 Europe (by Country)
3.3.3.1 France
3.3.3.1.1 Market
3.3.3.1.1.1 Key Manufacturers and Service Providers in France
3.3.3.1.2 Product
3.3.3.1.2.1 France Satellite Electric Propulsion Market (by Mission Application)
3.3.3.2 Germany
3.3.3.2.1 Key Manufacturers and Service Providers in Germany
3.3.3.2.2 Product
3.3.3.2.2.1 Germany Satellite Electric Propulsion Market (by Mission Application)
3.3.3.3 Russia
3.3.3.3.1 Product
3.3.3.3.1.1 Russia Satellite Electric Propulsion Market (by Mission Application)
3.3.3.4 U.K.
3.3.3.4.1 Product
3.3.3.4.1.1 U.K. Satellite Electric Propulsion Market (by Mission Application)
3.3.3.5 Rest-of-Europe
3.3.3.5.1 Market
3.3.3.5.1.1 Key Manufacturers and Service Providers in the Rest-of-Europe
3.3.3.5.2 Product
3.3.3.5.2.1 Rest-of-Europe Satellite Electric Propulsion Market (by Mission Application)
3.4 Asia-Pacific
3.4.1 Market
3.4.1.1 Key Manufacturers and Service Providers in Asia-Pacific
3.4.1.2 Business Drivers
3.4.1.3 Business Challenges
3.4.1.3.1 Product
3.4.1.3.1.1 Asia-Pacific Satellite Electric Propulsion Market (by Mission Application)
3.4.2 Asia-Pacific (by Country)
3.4.2.1 China
3.4.2.1.1 Product
3.4.2.1.1.1 China Satellite Electric Propulsion Market (by Mission Application)
3.4.2.2 India
3.4.2.2.1 Product
3.4.2.2.1.1 India Satellite Electric Propulsion Market (by Mission Application)
3.4.2.3 Rest-of-Asia-Pacific
3.4.2.3.1 Product
3.4.2.3.1.1 Rest-of-Asia-Pacific Satellite Electric Propulsion Market (by Mission Application)
3.5 Rest-of-the-World
3.5.1 Market
3.5.1.1 Business Drivers
3.5.1.2 Business Challenges
3.5.1.2.1 Product
3.5.1.2.1.1 Rest-of-the-World Satellite Electric Propulsion Market (by Mission Application)
3.5.2 Rest-of-the-World (by Country)
3.5.2.1 Middle East and Africa
3.5.2.1.1 Product
3.5.2.1.1.1 Middle East and Africa Satellite Electric Propulsion Market (by Mission Application)
3.5.2.2 South America
3.5.2.2.1 Product
3.5.2.2.1.1 South America Satellite Electric Propulsion Market (by Mission Application)
4.1 Competitive Benchmarking
4.2 Accion Systems
4.2.1 Company Overview
4.2.1.1 Role of Accion Systems in the Global Satellite Electric Propulsion Market
4.2.1.2 Product Portfolio
4.2.2 Corporate Strategies
4.2.2.1 Partnerships, Agreements, and Contracts
4.2.3 Analyst View
4.3 Airbus
4.3.1 Company Overview
4.3.1.1 Role of Airbus in the Global Satellite Electric Propulsion Market
4.3.1.2 Product Portfolio
4.3.2 Corporate Strategies
4.3.2.1 Contracts
4.3.3 R&D Analysis
4.3.4 Analyst View
4.4 Aliena Pte Ltd.
4.4.1 Company Overview
4.4.1.1 Role of Aliena Pte Ltd. in the Global Satellite Electric Propulsion Market
4.4.1.2 Product Portfolio
4.4.2 Corporate Strategies
4.4.2.1 Agreements, Collaborations, and Contracts
4.4.3 Analyst View
4.5 ArianeGroup
4.5.1 Company Overview
4.5.1.1 Role of ArianeGroup in the Global Satellite Electric Propulsion Market
4.5.1.2 Product Portfolio
4.5.2 Analyst View
4.6 Astra
4.6.1 Company Overview
4.6.1.1 Role of Astra in the Global Satellite Electric Propulsion Market
4.6.1.2 Product Portfolio
4.6.2 Corporate Strategies
4.6.2.1 Acquisitions and Contracts
4.6.3 R&D Analysis
4.6.4 Analyst View
4.7 Busek, Co. Inc.
4.7.1 Company Overview
4.7.1.1 Role of Busek, Co. Inc. in the Global Satellite Electric Propulsion Market
4.7.1.2 Product Portfolio
4.7.2 Corporate Strategies
4.7.2.1 Collaborations
4.7.3 Analyst View
4.8 CU Aerospace
4.8.1 Company Overview
4.8.1.1 Role of CU Aerospace in the Global Satellite Electric Propulsion Market
4.8.1.2 Product Portfolio
4.8.2 Corporate Strategies
4.8.2.1 Collaborations
4.8.3 Analyst View
4.9 ENPULSION GmbH
4.9.1 Company Overview
4.9.1.1 Role of ENPULSION GmbH in the Global Satellite Electric Propulsion Market
4.9.1.2 Product Portfolio
4.9.2 Corporate Strategies
4.9.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
4.9.3 Analyst View
4.10 Moog Inc.
4.10.1 Company Overview
4.10.1.1 Role of Moog Inc. in the Global Satellite Electric Propulsion Market
4.10.1.2 Product Portfolio
4.10.2 R&D Analysis
4.10.3 Analyst View
4.11 Neutron Star Systems
4.11.1 Company Overview
4.11.1.1 Role of Neutron Star Systems in the Global Satellite Electric Propulsion Market
4.11.1.2 Product Portfolio
4.11.2 Corporate Strategies
4.11.2.1 Agreements
4.11.3 Analyst View
4.12 Northrop Grumman
4.12.1 Company Overview
4.12.1.1 Role of Northrop Grumman in the Global Satellite Electric Propulsion Market
4.12.1.2 Product Portfolio
4.12.2 Corporate Strategies
4.12.2.1 Agreements
4.12.3 R&D Analysis
4.12.4 Analyst View
4.13 Orbion Space Technology
4.13.1 Company Overview
4.13.1.1 Role of Orbion Space Technology in the Global Satellite Electric Propulsion Market
4.13.1.2 Product Portfolio
4.13.2 Corporate Strategies
4.13.2.1 Contracts
4.13.3 Analyst View
4.14 Phase Four, Inc.
4.14.1 Company Overview
4.14.1.1 Role of Phase Four, Inc. in the Global Satellite Electric Propulsion Market
4.14.1.2 Product Portfolio
4.14.2 Corporate Strategies
4.14.2.1 Contracts
4.14.3 Analyst View
4.15 Safran
4.15.1 Company Overview
4.15.1.1 Role of Safran in the Global Satellite Electric Propulsion Market
4.15.1.2 Product Portfolio
4.15.2 Corporate Strategies
4.15.2.1 Contracts
4.15.3 R&D Analysis
4.15.4 Analyst View
4.16 Sitael S.p.A
4.16.1 Company Overview
4.16.1.1 Role of Sitael S.p.A in the Global Satellite Electric Propulsion Market
4.16.1.2 Product Portfolio
4.16.2 Corporate Strategies
4.16.2.1 Partnerships and Collaborations
4.16.3 Analyst View
4.17 Thales Alenia Space
4.17.1 Company Overview
4.17.1.1 Role of Thales Alenia Space in the Global Satellite Electric Propulsion Market
4.17.1.2 Product Portfolio
4.17.2 Corporate Strategies
4.17.2.1 Contracts
4.17.3 Analyst View
4.18 Other Key Players
4.18.1 ThrustMe
4.18.1.1 Company Overview
4.18.2 Bellatrix Aerospace
4.18.2.1 Company Overview
5.1 Growth Opportunities
5.1.1 Recommendations
5.1.2 Growth Opportunity: Demand for Scalable Solutions
5.1.2.1 Recommendations
5.1.3 Growth Opportunity: Benefit for Small Satellite Operators
5.1.3.1 Recommendations
6.1 Factors for Data Prediction and Modeling
Table 1: All-Electric Satellites’ List
Table 2: Startups and Investment Scenarios
Table 3: New Product Launches, January 2020-August 2022
Table 4: Partnerships, Collaborations, Agreements, and Contracts, January 2020-August 2022
Table 5: Mergers and Acquisitions, January 2020-August 2022
Table 6: Global Satellite Electric Propulsion Market (by Mass Class), Value ($Million) and Volume (Unit), 2021-2032
Table 7: Global Satellite Electric Propulsion Market (by Small Satellite (0-500 Kg)), Value ($Million) and Volume (Unit), 2021-2032
Table 8: Global Satellite Electric Propulsion Market (by Mission Type), Value ($Million) and Volume (Unit), 2021-2032
Table 9: Global Satellite Electric Propulsion Market (by Mission Application), Value ($Million) and Volume (Unit), 2021-2032
Table 10: Global Satellite Electric Propulsion Market (by Components), Value ($Million) and Volume (Unit), 2021-2032
Table 11: Satellite Electric Propulsion Market (by Region), $Million and Units, 2021-2032
Table 12: North America Satellite Electric Propulsion Market (by Mission Application), $Million and Units, 2021-2032
Table 13: U.S. Satellite Electric Propulsion Market (by Mission Application), $Million and Units, 2021-2032
Table 14: Europe Satellite Electric Propulsion Market (by Mission Application), $Million and Units, 2021-2032
Table 15: France Satellite Electric Propulsion Market (by Mission Application), $Million and Units, 2021-2032
Table 16: Germany Satellite Electric Propulsion Market (by Mission Application), $Million and Units, 2021-2032
Table 17: Russia Satellite Electric Propulsion Market (by Mission Application), $Million and Units, 2021-2032
Table 18: U.K. Satellite Electric Propulsion Market (by Mission Application), $Million and Units, 2021-2032
Table 19: Rest-of-Europe Satellite Electric Propulsion Market (by Mission Application), $Million and Units, 2021-2032
Table 20: Asia-Pacific Satellite Electric Propulsion Market (by Mission Application), $Million and Units, 2021-2032
Table 21: China Satellite Electric Propulsion Market (by Mission Application), $Million and Units, 2021-2032
Table 22: India Satellite Electric Propulsion Market (by Mission Application), $Million and Units, 2021-2032
Table 23: Rest-of-Asia-Pacific Satellite Electric Propulsion Market (by Mission Application), $Million and Units, 2021-2032
Table 24: Rest-of-the-World Satellite Electric Propulsion Market (by Mission Application), $Million and Units, 2021-2032
Table 25: Middle East and Africa Satellite Electric Propulsion Market (by Mission Application), $Million and Units, 2021-2032
Table 26: South America Satellite Electric Propulsion Market (by Mission Application), $Million and Units, 2021-2032
Table 27: Benchmarking and Weightage Parameters
Table 28: Accion Systems: Product Portfolio
Table 29: Accion Systems: Partnerships, Agreements, and Contracts
Table 30: Airbus: Product Portfolio
Table 31: Airbus: Contracts
Table 32: Aliena Pte Ltd.: Product Portfolio
Table 33: Aliena Pte Ltd.: Agreements, Collaboration, and Contracts
Table 34: ArianeGroup: Product Portfolio
Table 35: Astra: Product Portfolio
Table 36: Astra: Acquisitions and Contracts
Table 37: Busek, Co. Inc.: Product Portfolio
Table 38: Busek, Co. Inc.: Collaborations
Table 39: CU Aerospace: Product Portfolio
Table 40: CU Aerospace: Collaborations
Table 41: ENPULSION GmbH: Product Portfolio
Table 42: ENPULSION GmbH: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 43: Moog Inc.: Product Portfolio
Table 44: Neutron Star Systems: Product Portfolio
Table 45: Neutron Star Systems: Agreements
Table 46: Northrop Grumman: Product Portfolio
Table 47: Northrop Grumman: Agreements
Table 48: Orbion Space Technology: Product Portfolio
Table 49: Orbion Space Technology: Contracts
Table 50: Phase Four, Inc.: Product Portfolio
Table 51: Phase Four, Inc.: Contracts
Table 52: Safran: Product Portfolio
Table 53: Safran: Contracts
Table 54: Sitael S.p.A: Product Portfolio
Table 55: Sitael S.p.A: Partnerships and Collaborations
Table 56: Thales Alenia Space: Product Portfolio
Table 57: Thales Alenia Space: Contracts
Figure 1: Global Satellite Electric Propulsion Market, Units, 2021-2032
Figure 2: Global Satellite Electric Propulsion Market, $Million, 2021-2032
Figure 3: Global Satellite Electric Propulsion Market (by Mass Class), Units, 2021 and 2032
Figure 4: Global Satellite Electric Propulsion Market (by Mass Class), $Million, 2021 and 2032
Figure 5: Global Satellite Electric Propulsion Market (by Mission Application), Units, 2021 and 2032
Figure 6: Global Satellite Electric Propulsion Market (by Mission Application), $Million, 2021 and 2032
Figure 7: Global Satellite Electric Propulsion Market (by Component), $Million, 2021 and 2032
Figure 8: Global Satellite Electric Propulsion Market (by Mission Type), Value, 2021 and 2032
Figure 9: Global Satellite Electric Propulsion Market (by Region), $Million, 2032
Figure 10: Satellite Electric Propulsion Market Coverage
Figure 11: LEO-Based Small Satellite Scenario (0-500 kg), Number of Launches, 2022-2032
Figure 12: Global Satellite Electric Propulsion Market, Business Dynamics
Figure 13: Share of Key Business Strategies and Developments, January 2020-August 2022
Figure 14: Global Satellite Electric Propulsion Market, Competitive Benchmarking
Figure 15: Airbus: R&D Analysis, $Million, 2019-2021
Figure 16: Astra: R&D Analysis, $Million, 2020 and 2021
Figure 17: Moog Inc.: R&D Analysis, $Million, 2019-2021
Figure 18: Northrop Grumman: R&D Analysis, $Million, 2019-2021
Figure 19: Safran: R&D Analysis, $Million, 2019-2021
Figure 20: Research Methodology
Figure 21: Top-Down and Bottom-Up Approach
Figure 22: Assumptions and Limitations
Market Report Coverage
|
Satellite Electric Propulsion Market |
|||
|
Base Year |
2021 |
Market Size in 2021 |
$522.3 Million |
|
Forecast Period |
2022-2032 |
Value Projection and Estimation by 2032 |
$1,027.3 Million |
|
CAGR During Forecast Period |
4.10% |
Number of Tables |
57 |
|
Number of Pages |
149 |
Number of Figures |
22 |
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysis of the company's coverage, product portfolio, and market penetration.
The top segment players leading the market include established players of electric propulsion for satellites and constitute 80% of the presence in the market. Other players include start-up entities that account for approximately 20% of the presence in the market.
Some prominent names established in this market are:
• Accion Systems
• Airbus
• Aliena Pte Ltd.
• ArianeGroup
• Astra
• Busek, Co. Inc.
• CU Aerospace
• ENPULSION GmbH
• Moog Inc.
• Neutron Star Systems
• Northrop Grumman
• Orbion Space Technology
• Phase Four, Inc.
• Safran
• Sitael S.p.A
• Thales Alenia Space
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different types of satellite electric propulsion market available for deployment in the industries for space platforms and their potential globally. Moreover, the study provides the reader with a detailed understanding of the different satellite electric propulsion market by mass class (small satellite (0-500kg), medium satellite (501-2,200kg), and large satellite (2,200 kg and above)), by mission type (earth observation, communication, technology development, and others), by mission application (station keeping and orbit raising), and by component (power control units, power distribution units, pointing mechanism, pressure regulators, valves, flow controllers, mass flow sensors, pressure transducers, particle filters, tanks, plumbing/tuning, propulsion chamber/nozzle).
Growth/Marketing Strategy: The global satellite electric propulsion market has seen major development by key players operating in the market, such as business expansion activities, contracts, mergers, partnerships, collaborations, and joint ventures. The favored strategy for the companies has been contracted to strengthen their position in the global satellite electric propulsion market. For instance, in June 2022, Thales Alenia Space and Telespazio (joint venture of Thales and Leonardo) signed a contract with the Italian Ministry of Defense for the development of SICRAL 3 satellite communications and propulsion system.
Competitive Strategy: Key players in the global satellite electric propulsion market analyzed and profiled in the study involve satellite electric propulsion manufacturers. Moreover, a detailed competitive benchmarking of the players operating in the global satellite electric propulsion market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as contracts, partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Industry and Technology Overview
Global Satellite Electric Propulsion Market Overview
The global satellite electric propulsion market is estimated to reach $1,027.3 million in 2032 from $522.3 million in 2021, at a growth rate of 4.10% during the forecast period. The satellite electric propulsion technology companies have witnessed the demand from the growing commercial industry. The ecosystem of the satellite propulsion system market comprises system manufacturers, original equipment manufacturers (OEMs), and end users.
Market Lifecycle Stage
Between 1957 and 2021, many governments and commercial organizations such as Ariane Space, Europe Space Agency (ESA), National Aeronautics and Space Administration (NASA), and Japan Aerospace Exploration Agency (JAXA), started demonstrations for the 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.
Currently, many space agencies and commercial companies across the globe have been focusing on developing low Earth orbit (LEO) satellite constellations. This would 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 June 2022, ThrustMe signed a contract with European Space Agency (ESA) to provide an NPT30-I2-1.5U electric propulsion system for the GOMX-5 mission under ESA general support technology programme (GSTP).
Impact
• The increasing number of smaller telecom satellites in low Earth orbit (LEO) with the upcoming mega-constellation has placed a high demand for the production of electric propulsion during the forecast period.
• Furthermore, rising research and development activities for building low-cost and efficient propulsion systems for satellites.
Market Segmentation:
Segmentation 1: by Mass Class
• Small Satellite (0-500 Kg)
• Medium Satellite (501-2,200 Kg)
• Large Satellite (Above 2,200 Kg)
The satellite electric propulsion market is expected to generate huge revenues from the above 2,200 Kg mass segment, followed by 0-500 Kg.
Segmentation 2: by Mission Type
• Earth Observation
• Communication
• Technology Development
• Others
Based on mission type, the global satellite electric propulsion market is expected to be dominated by the communication segment during the forecast period. This is due to the increasing development of small satellite constellations for communication by commercial industries.
Segmentation 3: by Mission Application
• Station Keeping
• Orbit Raising
Based on mission application, the global satellite electric propulsion market is expected to be dominated by the station keeping segment during the forecast period. The satellite operators prefer more electric propulsion for station keeping irrespective of their nature of taking more time to maneuver.
Segmentation 4: by Component
• Power Control Units
• Power Distribution Units
• Pointing Mechanism
• Pressure Regulators
• Valves
• Flow Controllers
• Mass Flow Sensors
• Pressure Transducers
• Particle Filters
• Tanks
• Plumbing/Tuning
• Propulsion Chamber/Nozzle
Segmentation 5: by Region
• North America - U.S.
• Europe - France, Germany, Russia, U.K., and Rest-of-Europe
• Asia-Pacific - China, India, and Rest-of-Asia-Pacific
• Rest-of-the-World - Middle East and Africa and South America
Europe accounted for the highest share of 81.82% in the global satellite electric propulsion market by value in 2021, owing to a significant number of companies based in the region.
Recent Developments in Global Satellite Electric Propulsion Market
• In July 2022, Thales Alenia Space received a contract of $2.4 million from European Space Agency (ESA) to develop Skimsat, a small satellite bus for very low Earth orbit (VLEO). The contract also includes developing electrical propulsion to air drag in VLEO.
• In June 2022, Safran signed a contract with Thales Alenia Space to supply its PPS 5000 plasma thruster for Thales's Galileo satellites.
• In August 2021, Neutron Star Systems (NSS) and Bradford Space signed a cooperative agreement to enhance the orbital transport and maneuver capability. In this agreement, Bradford would combine NSS electric propulsion technology with its green monopropellant technology for its space logistics services.
• In April 2021, ThrustMe was selected by Norwegian Space Agency to provide NPT30-I2 electric propulsion for the NorSat-TD mission. The company would provide collision avoidance maneuver capabilities to the NorSat-TD satellite with its iodine propulsion system.
Demand - Drivers and Limitations
Following are the drivers for the global satellite electric propulsion market:
• Increasing Demand for Large Constellations for Smaller Telecom Satellites in Low Earth Orbit (LEO)
• Rising Research and Development Activities for Building Low-Cost and Efficient Propulsion Systems for Satellites
Following are the challenges for the global satellite electric propulsion market:
• Relatively Low Thrust Nature of Electric Propulsion Systems Impose Longer Timelines for Orbit-Transfer Risking Satellite Exposure to Radiation and Delaying Mission Timelines
• Integration of Electric Propulsion Results in a Growing Power Budget (Imposing the Need for More Onboard Power and the Addition of More Associated Power Electronics)
Following are the opportunities for the global satellite electric propulsion market:
• Satellite Manufacturers can Achieve Multiple Variants of the Satellite When Utilizing the All-Electric Option Owing to its Scalability Advantage
Analyst Perspective
According to Arunkumar Sampathkumar, Principal Analyst, BIS Research, " While GEO satellite operators are choosing all-electric platforms for their new missions and replacement phases of existing missions, weight and volume constraints are driving small-satellite operators to choose electric propulsion over chemical propulsion. This does not indicate the end of the road for chemical propulsion, but the access to a wide range of lighter electric propulsion capabilities is driving the migration while altering the ratio of electric vs. chemical propulsion on satellites. With the improving scalability of electric propulsion, they are now being deployed for applications that traditionally relied on relatively high-thrust chemical propulsion systems. Besides launch cost savings, the fact that electric propulsion systems enable extended mission lives is driving the operators to consider electric propulsion for their satellites. This segment of the satellite manufacturing market is expected to see steady progressive growth as they continue to gain prominence in the small-satellite segment."
Satellite Electric Propulsion Market - A Global and Regional Analysis
Focus on Mass Class, Mission Type, Mission Application, Component, and Country - Analysis and Forecast, 2022-2032
Some Faq's
Frequently Asked Questions
The key technological trends in the satellite electric propulsion market include solar electric propulsion, electric iodine thrusters, multi-modal electric propulsion, field-emission electric propulsion, and air-scooping electric propulsion.
The global satellite electric propulsion market has seen major development by key players operating in the market, such as business expansion activities, contracts, partnerships, collaborations, mergers and acquisitions, and joint ventures. According to BIS Research analysis, the majority of the companies preferred collaborations, contracts, and agreements as a strategy to further increase their growth in the global satellite electric propulsion market. Companies such as Thales Alenia Space, Ariane Group, and ENPULSION have adopted contract, collaboration, and agreement strategies.
New market participants can establish a niche with respect to small satellite/LEO mission requirements and develop electric propulsion capabilities that can be scaled for diverse mass classes. Offering scalable solutions that can cover a wide range of mass classes will remain critical for sustainable growth opportunities.
The following can be seen as some of the USPs of the report:
· A dedicated section focusing on the futuristic trends adopted by the key players operating in the global satellite electric propulsion market
· A dedicated section on growth opportunities and recommendations
· A qualitative and quantitative analysis of satellite electric propulsion based on mission application at the regional and country-level granularity by application segments
Companies manufacturing and commercializing electric propulsion components, including power control units, power distribution units, pointing mechanisms, pressure regulators, valves, flow controllers, mass flow sensors, pressure transducers, particle filters, tanks, plumbing/tuning, propulsion chamber/nozzle, should buy this report.
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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...