Electrical Propulsion Satellite Market, By Propulsion Type (Cold Gas, Plasma Thrusters, Green Liquid Propulsion, Water Electrolyzed, Micro Electrospray Propulsion, Iodine Hall Propulsion, Solar Said Propulsion, and Ambipolar Thruster), By Application (Nano Satellite, and Micro Satellite), and By Geography (NA, EU, APAC, LATAM and MEA) Analysis, Share, Trends, Size, & Forecast From 2020 2026
Report Code: AV525
Industry: Semiconductor and Electronics
Publiced On: 2020-03-01
Pages: 160
Format:
REPORT HIGHLIGHT
Electrical propulsion satellite market was valued at USD XX billion by 2019, growing with XX% CAGR during the forecast period, 2020-2026.
Market Dynamics
Electrical Propulsion Satellite is used to reduce the mass of satellites that are used on space missions and similar projects. The resultant reduced mass helps thereby reducing the cost of the launch which is one of the biggest factors while considering the project planning of any space mission. Based on data published on the airbus.com website, they are building a satellite that will be made using only electrical propulsion for initial orbit raising. Not only does it aid in cutting down the project costs considerably, but it also aids in reducing the time for orbit raising. The major growth factor that drives this industry is the pressing need for lower-cost projects, lower-cost satellite launches and the need for reusable satellites.
As technology continues to advance, countries are coming up with unique and innovative solutions in a bid to lower the price of satellite launches. Based on an article published in the Economic Times, Jan 2020, The Indian Space Research Organization is in the process of preparing low-cost satellite launches that cost as low as 30-35cr each. In fact, the IFL Science website stated that India launched the ‘Mangalyaan satellite’ at a mere $75 million as opposed to USD 671 million for NASA’s Mars mission. The growing innovativeness will be the need of the hour for space programs thus expanding this industry.
Propulsion Type Takeaway
The electric propulsion satellite market has been categorized into Cold Gas, Plasma Thrusters, Green Liquid Propulsion, Water Electrolyzed, Micro Electrospray propulsion, Iodine Hall Propulsion, Solar Said Propulsion, and Ambipolar Thruster. Of this. Ambipolar Thruster dominates the market in terms of market share. The radiofrequency antenna creates plasma that in turn ionizes to heat electrons. A process that follows this is ambipolar diffusion that owing to its high-speed results in generating thrust. The number of smaller satellite launches has gone higher in recent years owing to the technological advancements in propulsion systems.
Application Takeaway
The two core application areas for the electric propulsion market is segmented into microsatellite and nanosatellite. A research paper published on Research Gate stated the MEPS (Micro-satellite Electric propulsion system) program was initiated between the European space agency and Israel space agency in 2013 to promote low-cost propulsion. The scope of this application has only increased since then. Another article published on the Applied Physics Review, Feb 2018, stated space technology is being redefined by the use of launch of smaller unmanned satellites to carry out various interplanetary missions and near-earth space explorations. The scope remains untapped and the multi-fold growth can be expected in these regions.
Regional Takeaway
Europe and North America are the largest regional players with regard to the electrical propulsion market. The key reasons for this are the level of research and development that is carried out in these areas with regards to space research. An article published on CNBC stated, Feb 2020, NASA is requesting Congress for a 12% rise in the budget i.e. 25.2 billion dollars as compared to the previous years.
Key Vendor Takeaway
Some of the key players in the market are SITAEL, Aerospace Corporation, Busek Co. Inc., Bellatrix Aerospace, and Accion Systems Inc. Space News, June 2019, stated that Bellatrix Aerospace, Indian based start-up stated that $3 million to grow the start-up as they are coming up with newer propulsion systems for various sized satellites. Their first prototype runs on water which is also an electrical propulsion system.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2015 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2026
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
KEY PLAYERS
- Bellatrix Aerospace
- Boeing
- Safran
- Orbital ATK
- SITAEL S.p.A.
- Busek Co. Inc.
- Thales
- Mitsubishi Electric
- OHB
- Aerospace Corporation
- Accion Systems Inc.
MARKET BY TYPE
- Water Electrolyzed
- Micro Electrospray propulsion
- Iodine Hall Propulsion
- Cold Gas
- Plasma Thrusters
- Green Liquid Propulsion
- Solar Said Propulsion
- Ambipolar Thruster
MARKET, BY APPLICATION
- Nano Satellites
- Micro Satellites
MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. ELECTRICAL PROPULSION SATELLITE MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Type
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. ELECTRICAL PROPULSION SATELLITE KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. ELECTRICAL PROPULSION SATELLITE INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. ELECTRICAL PROPULSION SATELLITE MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. ELECTRICAL PROPULSION SATELLITE MARKET – BY TYPE
6.1. Overview
6.1.1. Segment Share Analysis, By Type, 2019 & 2026 (%)
6.2. Water Electrolyzed
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.3. Micro Electrospray propulsion
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.4. Iodine Hall Propulsion
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.5. Cold Gas
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.6. Plasma Thrusters
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.7. Green Liquid Propulsion
6.7.1. Overview
6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.8. Solar Said Propulsion
6.8.1. Overview
6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.9. Ambipolar Thruster
6.9.1. Overview
6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7. ELECTRICAL PROPULSION SATELLITE MARKET – BY APPLICATION
7.1. Overview
7.1.1. Segment Share Analysis, By Application, 2019 & 2026 (%)
7.2. Nano Satellites
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.3. Micro Satellites
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8. ELECTRICAL PROPULSION SATELLITE MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2019 & 2026 (%)
8.2. North America
8.2.1. Overview
8.2.2. Key Manufacturers in North America
8.2.3. North America Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.2.4. North America Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.2.5. North America Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
8.2.6. U.S.
8.2.6.1. Overview
8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.2.7. Canada
8.2.7.1. Overview
8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Key Manufacturers in Europe
8.3.3. Europe Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.3.4. Europe Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.3.5. Europe Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
8.3.6. Germany
8.3.6.1. Overview
8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.7. Italy
8.3.7.1. Overview
8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.8. United Kingdom
8.3.8.1. Overview
8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.9. France
8.3.9.1. Overview
8.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.10. Rest of Europe
8.3.10.1. Overview
8.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Key Manufacturers in Asia Pacific
8.4.3. Asia Pacific Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.4.4. Asia Pacific Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.4.5. Asia Pacific Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
8.4.6. India
8.4.6.1. Overview
8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.7. China
8.4.7.1. Overview
8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.8. Japan
8.4.8.1. Overview
8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.9. South Korea
8.4.9.1. Overview
8.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.10. Rest of APAC
8.4.10.1. Overview
8.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5. Latin America
8.5.1. Overview
8.5.2. Key Manufacturers in Latin America
8.5.3. Latin America Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.5.4. Latin America Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.5.5. Latin America Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
8.5.6. Brazil
8.5.6.1. Overview
8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.7. Mexico
8.5.7.1. Overview
8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.8. Argentina
8.5.8.1. Overview
8.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.9. Rest of LATAM
8.5.9.1. Overview
8.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.6. Middle East and Africa
8.6.1. Overview
8.6.2. Key Manufacturers in Middle East and Africa
8.6.3. Middle East and Africa Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.6.4. Middle East and Africa Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.6.5. Middle East and Africa Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
8.6.6. Saudi Arabia
8.6.6.1. Overview
8.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.6.7. United Arab Emirates
8.6.7.1. Overview
8.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. Bellatrix Aerospace
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Safran
9.3. Orbital ATK
9.4. Mitsubishi Electric
9.5. SITAEL S.p.A.
9.6. Airbus S.A.S.
9.7. Thales
9.8. OHB
9.9. Boeing
9.10. Busek Co. Inc.
9.11. Aerospace Corporation
9.12. Accion Systems Inc.
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Electrical Propulsion Satellite market: Type Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Type
TABLE Global Electrical Propulsion Satellite market, by Type 2015-2026 (USD Million)
TABLE Electrical Propulsion Satellite market: Application Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Electrical Propulsion Satellite market, by Application 2015-2026 (USD Million)
TABLE Electrical Propulsion Satellite market: Regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Electrical Propulsion Satellite market, by Region 2015-2026 (USD Million)
TABLE North America Electrical Propulsion Satellite market, by Country, 2015-2026 (USD Million)
TABLE North America Electrical Propulsion Satellite market, by Type, 2015-2026 (USD Million)
TABLE North America Electrical Propulsion Satellite market, by Application, 2015-2026 (USD Million)
TABLE Europe Electrical Propulsion Satellite market, by country, 2015-2026 (USD Million)
TABLE Europe Electrical Propulsion Satellite market, by Type, 2015-2026 (USD Million)
TABLE Europe Electrical Propulsion Satellite market, by Application, 2015-2026 (USD Million)
TABLE Asia Pacific Electrical Propulsion Satellite market, by country, 2015-2026 (USD Million)
TABLE Asia Pacific Electrical Propulsion Satellite market, by Type, 2015-2026 (USD Million)
TABLE Asia Pacific Electrical Propulsion Satellite market, by Application, 2015-2026 (USD Million)
TABLE Latin America Electrical Propulsion Satellite market, by country, 2015-2026 (USD Million)
TABLE Latin America Electrical Propulsion Satellite market, by Type, 2015-2026 (USD Million)
TABLE Latin America Electrical Propulsion Satellite market, by Application, 2015-2026 (USD Million)
TABLE Middle East and Africa Electrical Propulsion Satellite market, by country, 2015-2026 (USD Million)
TABLE Middle East and Africa Electrical Propulsion Satellite market, by Type, 2015-2026 (USD Million)
TABLE Middle East and Africa Electrical Propulsion Satellite market, by Application, 2015-2026 (USD Million)
List of Figures
FIGURE Electrical Propulsion Satellite market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Type segment market share analysis, 2019 & 2026
FIGURE Type segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Water Electrolyzed market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Micro Electrospray propulsion market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Iodine Hall Propulsion market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Cold Gas market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Plasma Thrusters market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Green Liquid Propulsion market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Solar Said Propulsion market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Ambipolar Thruster market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Application segment market share analysis, 2019 & 2026
FIGURE Application segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Nano Satellites market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Micro Satellites market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Regional segment market share analysis, 2019 & 2026
FIGURE Regional segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE North America Electrical Propulsion Satellite market share and leading players, 2018
FIGURE Europe Electrical Propulsion Satellite market share and leading players, 2018
FIGURE Asia Pacific Electrical Propulsion Satellite market share and leading players, 2018
FIGURE Latin America Electrical Propulsion Satellite market share and leading players, 2018
FIGURE Middle East and Africa Electrical Propulsion Satellite market share and leading players, 2018
FIGURE North America Electrical Propulsion Satellite market share analysis by country, 2018
FIGURE U.S. Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Canada Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Europe Electrical Propulsion Satellite market share analysis by country, 2018
FIGURE Germany Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Spain Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Italy Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE UK Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE France Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of the Europe Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Asia Pacific Electrical Propulsion Satellite market share analysis by country, 2018
FIGURE India Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE China Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Japan Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE South Korea Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Singapore Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of APAC Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin America Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin America Electrical Propulsion Satellite market share analysis by country, 2018
FIGURE Brazil Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Mexico Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Argentina Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of LATAM Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa Electrical Propulsion Satellite market share analysis by country, 2018
FIGURE Saudi Arabia Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE United Arab Emirates Electrical Propulsion Satellite market size, forecast and trend analysis, 2015 to 2026 (USD Million)
