Product Code: IRTNTR41520
The electric propulsion satellite market is forecasted to grow by $ 10883 mn during 2023-2028, accelerating at a CAGR of 9.83% % during the forecast period. The report on the electric propulsion satellite market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing preference for hosted payload, cost-effective commercial launch vehicles, and increasing use of electric propulsion satellite in military and defense applications.
Technavio's electric propulsion satellite market is segmented as below:
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 8.72% |
CAGR | 9.83% |
Incremental Value | $10883mn |
By Application
By Type
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the increase in sustainable and green satellite operations as one of the prime reasons driving the electric propulsion satellite market growth during the next few years. Also, growing demand for small satellites and increasing focus on long-duration missions and deep space exploration will lead to sizable demand in the market.
The report on the electric propulsion satellite market covers the following areas:
- Electric propulsion satellite market sizing
- Electric propulsion satellite market forecast
- Electric propulsion satellite market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric propulsion satellite market vendors that include Accion Systems Inc., Ad Astra Rocket Co., Airbus SE, Bellatrix Aerospace Pvt. Ltd., Busek Co. Inc., INVAP S.E., L3Harris Technologies Inc., Lockheed Martin Corp., MIT AeroAstro, Northrop Grumman Corp., OHB System AG, Safran SA, Sitael S.p.A., Thales Group, The Boeing Co., and ThrustMe. Also, the electric propulsion satellite market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Electric Propulsion Satellite Market 2018 - 2022
- Historic Market Size - Data Table on Global Electric Propulsion Satellite Market 2018 - 2022 ($ million)
- 4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
- 4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
- 6.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
- 6.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 6.3 Military - Market size and forecast 2023-2028
- Chart on Military - Market size and forecast 2023-2028 ($ million)
- Data Table on Military - Market size and forecast 2023-2028 ($ million)
- Chart on Military - Year-over-year growth 2023-2028 (%)
- Data Table on Military - Year-over-year growth 2023-2028 (%)
- 6.4 Commercial - Market size and forecast 2023-2028
- Chart on Commercial - Market size and forecast 2023-2028 ($ million)
- Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
- Chart on Commercial - Year-over-year growth 2023-2028 (%)
- Data Table on Commercial - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 7.3 Hybrid - Market size and forecast 2023-2028
- Chart on Hybrid - Market size and forecast 2023-2028 ($ million)
- Data Table on Hybrid - Market size and forecast 2023-2028 ($ million)
- Chart on Hybrid - Year-over-year growth 2023-2028 (%)
- Data Table on Hybrid - Year-over-year growth 2023-2028 (%)
- 7.4 All-electric - Market size and forecast 2023-2028
- Chart on All-electric - Market size and forecast 2023-2028 ($ million)
- Data Table on All-electric - Market size and forecast 2023-2028 ($ million)
- Chart on All-electric - Year-over-year growth 2023-2028 (%)
- Data Table on All-electric - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.4 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.10 Russia - Market size and forecast 2023-2028
- Chart on Russia - Market size and forecast 2023-2028 ($ million)
- Data Table on Russia - Market size and forecast 2023-2028 ($ million)
- Chart on Russia - Year-over-year growth 2023-2028 (%)
- Data Table on Russia - Year-over-year growth 2023-2028 (%)
- 9.11 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
- 9.12 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 Accion Systems Inc.
- Accion Systems Inc. - Overview
- Accion Systems Inc. - Product / Service
- Accion Systems Inc. - Key offerings
- 12.4 Ad Astra Rocket Co.
- Ad Astra Rocket Co. - Overview
- Ad Astra Rocket Co. - Product / Service
- Ad Astra Rocket Co. - Key offerings
- 12.5 Airbus SE
- Airbus SE - Overview
- Airbus SE - Business segments
- Airbus SE - Key news
- Airbus SE - Key offerings
- Airbus SE - Segment focus
- 12.6 Bellatrix Aerospace Pvt. Ltd.
- Bellatrix Aerospace Pvt. Ltd. - Overview
- Bellatrix Aerospace Pvt. Ltd. - Product / Service
- Bellatrix Aerospace Pvt. Ltd. - Key offerings
- 12.7 Busek Co. Inc.
- Busek Co. Inc. - Overview
- Busek Co. Inc. - Product / Service
- Busek Co. Inc. - Key offerings
- 12.8 INVAP S.E.
- INVAP S.E. - Overview
- INVAP S.E. - Product / Service
- INVAP S.E. - Key offerings
- 12.9 L3Harris Technologies Inc.
- L3Harris Technologies Inc. - Overview
- L3Harris Technologies Inc. - Business segments
- L3Harris Technologies Inc. - Key news
- L3Harris Technologies Inc. - Key offerings
- L3Harris Technologies Inc. - Segment focus
- 12.10 Lockheed Martin Corp.
- Lockheed Martin Corp. - Overview
- Lockheed Martin Corp. - Business segments
- Lockheed Martin Corp. - Key news
- Lockheed Martin Corp. - Key offerings
- Lockheed Martin Corp. - Segment focus
- 12.11 Northrop Grumman Corp.
- Northrop Grumman Corp. - Overview
- Northrop Grumman Corp. - Business segments
- Northrop Grumman Corp. - Key offerings
- Northrop Grumman Corp. - Segment focus
- 12.12 OHB System AG
- OHB System AG - Overview
- OHB System AG - Product / Service
- OHB System AG - Key offerings
- 12.13 Safran SA
- Safran SA - Overview
- Safran SA - Business segments
- Safran SA - Key news
- Safran SA - Key offerings
- Safran SA - Segment focus
- 12.14 Sitael S.p.A.
- Sitael S.p.A. - Overview
- Sitael S.p.A. - Product / Service
- Sitael S.p.A. - Key offerings
- 12.15 Thales Group
- Thales Group - Overview
- Thales Group - Business segments
- Thales Group - Key news
- Thales Group - Key offerings
- Thales Group - Segment focus
- 12.16 The Boeing Co.
- The Boeing Co. - Overview
- The Boeing Co. - Business segments
- The Boeing Co. - Key news
- The Boeing Co. - Key offerings
- The Boeing Co. - Segment focus
- 12.17 ThrustMe
- ThrustMe - Overview
- ThrustMe - Product / Service
- ThrustMe - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations