Increasing research and development activities for the construction of efficient and inexpensive propulsion systems for the satellites to be propelled

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DUBLIN, October 10, 2022 /PRNewswire/ — The report “Electric Satellite Propulsion Market – A Global and Regional Analysis: Focus on Mass Class, Mission Type, Mission Application, Component and Country – Analysis and Forecast, 2022-2032” has been added to from ResearchAndMarkets.com offer.

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The Global Satellite Electric Propulsion Market is Expected to Reach $1,027.3 million in 2032 from $522.3 million in 2021, at a growth rate of 4.10% over the forecast period. Satellite electric propulsion technology companies have witnessed growing commercial industry demand. The satellite propulsion system market ecosystem includes system manufacturers, original equipment manufacturers (OEMs), and end users.

Market life cycle stage

Between 1957 and 2021, many governments and commercial organizations such as Space Ariane, the European Space Agency (ESA), the National Aeronautics and Space Administration (NASA) and the Japan Aerospace Exploration Agency (JAXA), have started demonstrations of the new propulsion system for different satellites in low earth orbit (LEO). Since then, technology has continuously evolved and transformed the entire space industry by developing unique products and systems.

Currently, many space agencies and commercial companies around the world are focusing on the development of Low Earth Orbit (LEO) satellite constellations. This would boost the propulsion system market. Additionally, increasing research and development activities to develop cost-effective propulsion technologies and advancements in 3D printing technology to develop the components for satellite propulsion systems are other factors contributing to the growth of the market. LEO-focused satellite propulsion technologies. For example, in June 2022ThrustMe has signed a contract with the European Space Agency (ESA) to supply an NPT30-I2-1.5U electric propulsion system for the GOMX-5 mission under ESA’s General Support Technology Program (GSTP) .

Impact

  • The growing number of small telecommunications satellites in Low Earth Orbit (LEO) with the upcoming mega-constellation has created a strong demand for electric propulsion generation during the forecast period.

  • In addition, the growing research and development activities for the construction of low cost and efficient propulsion systems for satellites.

Market segmentation
by mass class

  • Small Satellite (0-500 Kg)

  • Medium satellite (501-2,200 kg)

  • Large satellite (over 2200 kg)

The satellite electric propulsion market is expected to generate huge revenue from the mass segment above 2200 kg followed by 0-500 kg.

by type of mission

  • Earth Observation

  • Communication

  • Technology development

  • Others

Based on mission type, the global electric satellite propulsion market is expected to be dominated by the communications segment during the forecast period. This is due to the increasing development of small satellite constellations for communication by commercial industries.

by Mission Application

  • Retention

  • Orbit elevation

Based on mission applications, the global electric satellite propulsion market is expected to be dominated by the station-keeping segment during the forecast period. Satellite operators prefer more electric propulsion for station keeping regardless of their nature to take longer to maneuver.

per component

by region

  • North America – WE

  • EuropeFrance, Germany, RussiaUK and rest ofEurope

  • Asia PacificChina, Indiaand 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 large number of companies based in the region.

Main market players

  • Action Systems

  • Airbus

  • Aliena Pte Ltd.

  • Ariane Group

  • astra

  • Busek, Co. Inc.

  • Aerospace CU

  • ENPULSION GmbH

  • Moog Inc.

  • Neutron star systems

  • Northrop Grumman

  • Orbion space technology

  • Phase Four, Inc.

  • Saffron

  • Sitael SpA

  • Thales Espace Alenia

Commercial dynamics

Business drivers

  • Growing demand for large constellations for small telecommunications satellites in low Earth orbit (Leo)

  • Increasing research and development activities for the construction of efficient and inexpensive propulsion systems for satellites

Business challenges

  • The relatively low-thrust nature of electric propulsion systems imposes longer delays for orbit transfer, risking radiation exposure to satellites and delaying mission times

  • The integration of electric propulsion results in an increasing power budget (imposing the need for more power on board and the addition of more associated power electronics)

Professional opportunities

Main topics covered:

1 Markets

2 Product

3 Region

4 Market – Competitive Benchmarking and Company Profiles

5 growth opportunities and recommendations

6 Research methodology

For more information about this report visit https://www.researchandmarkets.com/r/q0ia1x

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Research and Markets
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