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Electric Propulsion Satellite Market Size, Share & Industry Analysis, By Type (Hybrid, Full-Electric), By Application (Earth Observation &Sciences, Navigation, Telecommunications, Space Science, Interplanetary & Space exploration), By Component (Thruster components, , Propellant components, Power components), By Technology (Gridded Ion Engine (GIE), Hall Effect Thruster (HET),Pulsed Plasma Thruster (PPT)) And Regional Forecast 2022-2029

Region : Global | Report ID: FBI105552 | Status : Ongoing

 

KEY MARKET INSIGHTS

Electric Propulsion is a type of space propulsion that makes use of electrical power to accelerate the satellite by different possible electrical and/or magnetic means. The space-based activities market has witnessed a surplus demand for satellites during the last decade. Moreover, the adoption of Electric propulsion satellites has considerably made some advancements in space travel and space data collection techniques. Over the last couple of years, the demand for electric propulsion satellites has witnessed a substantial growth rate, and the demand for electric propulsion satellites is expected to rise more progressively during the forecast period.


Key Market Driver -

• Electric propulsion thrusters typically provide high speed at much less propellant consumption. • Increased number of launches for commercial and defence satellite applications. • Rising investments by key companies in space based activities is propelling the growth of market.

Key Market Restraint -

• Launches from the earth surface is not an option due to weak thrust produced. • High Capital cost , not suitable for developing countries.


Market Segmentation:


The market is segmented by Type, Application, Component, Technology, End-user and Region


Electric Propulsion Satellite types are further classified as Hybrid and Full-Electric. The demand for hybrid Electric Propulsion Satellite is anticipated to propel the market growth. Based on the application, the market is diversified into Earth Observation &Sciences, Navigation, Telecommunications, Space Science, and Interplanetary & Space exploration. The Interplanetary & Space exploration segment is anticipated to dominate the market due to exponentially increased MARS missions. Based on components, the market is divided into thruster components, propellant components, power components, and pointing mechanisms. Based on technology, the market is segmented into Gridded Ion Engine (GIE), Hall Effect Thruster (HET), High-Efficiency Multistage Plasma Thruster (HEMPT), Pulsed Plasma Thruster (PPT), Magneto Plasma Dynamic (MPD) thruster, Quad Confinement Thruster (QCT), Resistojet, Arcjet, Field Emission Electric Propulsion (FEEP) thruster, Colloid & electrospray thrusters, Electrode-less thrusters, Hollow cathode, and neutralizers. Based on the End-user the market is segmented into military, commercial, and after-market.


Key Players Covered:


The key players in the global Electric Propulsion Satellite market Thales Group (France), The Boeing Company (The U.S.), Airbus S.A.S.(France), OHB SE (Germany), INVAP S.E(Argentina), Accion Systems (The U.S.), Lockheed Martin Space (The U.S.), Aerojet Rocketdyne (The U.S.), ArianeGroup GmbH(France), AeroAstro, Inc (The U.S.), JSC Information Satellite Systems(Russia), SpaceX (The U.S.), Northrop Grumman Corporation (The U.S.), Safran(France), Raytheon technologies corporation (The U.S.), and Sitael  Spa (Italy)


Key Insights:



  • Electric Propelled satellite, when compared with chemical Propelled satellite, is not limited in energy but is only limited by the available electrical power on-board the spacecraft

  • Electric propulsion is a revolutionary technology for the new generations of commercial and scientific satellites.


Regional Analysis:


The Electric Propulsion Satellite market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. North America is expected to dominate the market owing to the presence of key players such as The Boeing Company and Northrop Grumman Corporation. Moreover, the growth of the market in the region is attributed to the rising usage of Electric Propelled satellites for military intelligence and surveillance applications. The market in Europe is expected to grow moderately owing to the presence of prominent satellite manufacturers such as Airbus S.A.S. and Safran as they are continuously working for technological advancements to make their satellite vehicles more efficient and reliable. The market in Asia-Pacific is expected to grow significantly owing to the rise in the deployment of satellites in outer space and several satellite launches are scheduled during the forecast period. Moreover, the improving economy of emerging countries such as India & China is expected to support market growth.


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Segmentation






























  ATTRIBUTE


  DETAILS

By Type




  • Hybrid

  • Full-Electric



By Application




  • Earth Observation &Sciences

  • Navigation

  •  Telecommunications

  • Space Science

  •  Interplanetary & Space exploration



By Component




  • Thruster components,

  • Propellant components

  • Power components

  • Pointing mechanisms



By Technology




  • Gridded Ion Engine (GIE),

  • Hall Effect Thruster (HET),

  • High-Efficiency Multistage Plasma Thruster (HEMPT),

  • Pulsed Plasma Thruster (PPT),

  • Magneto Plasma Dynamic (MPD) thruster,

  • Quad Confinement Thruster (QCT),

  • Resistojet,

  • Arcjet,

  • Field Emission Electric Propulsion (FEEP) thruster,

  • Colloid and electrospray thrusters,

  • Electrode-less thrusters

  • Hollow cathode and neutralizers



By Region




  • North America (The U.S., Canada)

  • Europe (The U.K., Germany, France, Russia, and Rest of Europe)

  • Asia Pacific (China, Japan, India, Australia, and Rest of Asia Pacific)

  • Rest of the World (Latin America and The Middle East & Africa)



Electric Drone Market Industry Developments



  • In April 2021 Phase Four secured a contract with the U.S. Air Force for the company's propellant-agnostic Maxwell thruster for their Electrically Propelled Satellites.

  •  In October 2020 SENER has won a contract for the design and production of mechanical ground support equipment for Electra supported by the European Space Agency (ESA), for developing, launching and validating in orbit a full electric-propulsion telecommunications satellite. The launch of the first Electra satellite is scheduled for 2023.


  • Ongoing
  • 2021
  • 2018-2020

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