Worldwide Electric Propulsion Satellites Industry to 2025 - Full-Electric Segment to Experience the Highest Growth - ResearchAndMarkets.com

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The "Electric Propulsion Satellites Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The electric propulsion satellites market is anticipated to grow at a CAGR of more than 6% during the forecast period.

Companies Mentioned

  • Sitael S.p.A.

  • Accion Systems Inc.

  • Busek Co. Inc.

  • Orbital ATK (Northrop Grumman Corporation)

  • Ad Astra Rocket Company

  • MSNW LLC

  • Aerojet Rocketdyne Holdings, Inc.

  • Safran SA

  • Airbus SE

  • The Boeing Company

  • Thales Alenia Space

Key Market Trends

Full-Electric Segment to Experience the Highest Growth During the Forecast Period

The adoption and diffusion of new technologies, such as satellites, can help disseminate information over broad areas, enable instantaneous telecommunications, generate, and transmit high-resolution images of certain points of interest located all around the world simultaneously. The advent of miniaturized electronics and the increasing use of smart manufacturing materials have resulted in the development of small satellites with shorter development cycles and lower deployment costs. The physical limitations of such satellites encourage the development and integration of powerful yet compatible electric propulsion systems to effectively perform orbital correction maneuvers.

Several contracts are being awarded for the ongoing space missions and strategic collaborations are underway to capitalize on joint capabilities to address an evolving market opportunity. For instance, in October 2019, Accion was awarded a USD 3.9 million as part of the Moon to Mars technology program. As per the contract, Accion will work with NASA's Jet Propulsion Laboratory (JPL) to replace the cold gas propulsion system that was used on the MarCO CubeSats with a more efficient ion electrospray propulsion system. The program is scheduled to initiate in March 2020, and a potential space launch is expected in the first half of 2021. Such developments are anticipated to drive the business prospects of the players in the market in focus during the forecast period.

Asia-Pacific is Expected to Generate the Highest Demand During the Forecast Period

The Asia-Pacific region is expected to generate the highest demand for electric propulsion systems during the forecast period. This increasing demand is mainly due to the increasing deployment of satellites driven by evolving regional dynamics. Several satellite launches are scheduled during the forecast period.

Quantification of chemical emissions into the air is a key step in explaining observed variability and trends in atmospheric composition and in attributing these observed changes to their causes on local to global scales. Since, satellite launch vehicles produce different emissions, including water vapor and carbon dioxide from liquid and solid fuels, as well as hydrochloric acid from only solid fuels. Initiatives such as the Mission 2020 encourage the adoption of green propulsion technologies, such as electric propulsion, to restrict the ongoing global climate conversion by minimizing the greenhouse gas emissions by 2020.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porters Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Type

5.1.1 Hybrid

5.1.2 Full-Electric

5.2 Application

5.2.1 Commercial

5.2.2 Military

5.3 Geography

5.3.1 North America

5.3.1.1 US

5.3.1.2 Canada

5.3.2 Europe

5.3.2.1 Germany

5.3.2.2 UK

5.3.2.3 France

5.3.2.4 Russia

5.3.2.5 Rest of Europe

5.3.3 Asia-Pacific

5.3.3.1 India

5.3.3.2 China

5.3.3.3 Japan

5.3.3.4 South Korea

5.3.3.5 Rest of Asia-Pacific

5.3.4 Rest of the World

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/2x0tls

View source version on businesswire.com: https://www.businesswire.com/news/home/20201203005501/en/

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