According to Stratistics MRC, the Global Satellite Propulsion System Market is accounted for $6.81 billion in 2020 and is expected to reach $25.96 billion by 2028 growing at a CAGR of 18.2% during the forecast period. The advent of low-cost satellites, cost-effective solutions, raising the use of satellites in the defense sector, and advancement of sustainable space launch vehicles are driving the market growth. However, a stringent government policy is hampering the growth of the market.

Satellite propulsion is a process used to accelerate a satellite. Satellite propulsion or in-space propulsion completely deals with propulsion systems used in the vacuum of space. Satellite propulsion systems are designed to deliver specific impulse bits for accurate control of satellite locations or altitudes. The satellites are propelled through launch vehicles into the earth’s orbits. They use boosters to supply initial thrust and decrease the bulk of further stages, hence permitting for larger payloads to be carried into the orbit. Not merely the launch pads but also the satellites in the orbit want propulsion systems used to accelerate/power into the orbit.

Based on the propulsion type, the cold gas propulsion segment is going to have lucrative growth during the forecast period. Cold gas propulsion technology depends on mounting the gas to produce thrust through a nozzle. It permits the propellant to flow from a propellant storage tank to a converging nozzle from which it enlarges into open space. Besides, cold gas propulsion systems are characterized by a low specific impulse of tens to a few hundred seconds, reliant on the propellant atomic mass, relative to chemical or electric propulsion systems.

By geography, North America is going to have high growth during the forecast period. Due to the high existence of chief players in this province and the entry of new entrants in the market, who are involved in the expansion of advanced space propulsion systems for space launch vehicles are subsidizing the growth of the market. Additionally, constant government funding for the continuous advancement of high-powered solar electric propulsion technologies will permit more efficiency in orbit transfer.

Some of the key players profiled in the Satellite Propulsion System Market include Airbus Group SE, Aerojet Rocketdyne Holdings Inc, Moog Inc, Busek Co. Inc, Bellatrix Aerospace Pvt Limited, Exotrail Sa, Enpulsion Gmbh, Cobham Plc, Ball Corporation, Bellatrix Aerospace (India) Pvt Ltd, Boeing Company The, Mitsubishi Electric Corporation, Ohb Se, Orbital Atk Inc, Safran, Thales Group.

Types Covered:

  • All-Electric Propulsion Satellites
  • Chemical Propulsion
  • Electric Propulsion

Launch Vehicles Covered:

  • Solid Propulsion System
  • Liquid Propulsion System
  • Hybrid Propulsion System
  • Bipropellant Propulsion System
  • Monopropellant Propulsion System
  • Pneumatic Propulsion System

Propulsion Types Covered:

  • Cold Gas Propulsion
  • Ambipolar Thrusters
  • Green Liquid Propulsion
  • Pulsed Plasma Propulsion
  • Water Electrolyzed

Pulsed Plasma Thrusters Covered:

  • Hydrazine
  • Micro Electrospray Propulsion
  • Iodine Hall Propulsion
  • Solar Sail Propulsion

Applications Covered:

  • Applications Satellite
  • Geostationary Satellites
  • Geosynchronous Satellites
  • Low Earth Orbits Satellites
  • Microsatellite
  • Nano Satellite
  • Science Satellite
  • Technology Experiment Satellite

Distribution Channels Covered:

  • Offline
  • Online

End Users Covered:

  • Commercial
  • Government Military

Regions Covered:

  • North America
  • ·US
  • ·Canada
  • ·Mexico
  • Europe
  • ·Germany
  • ·UK
  • ·Italy
  • ·France
  • ·Spain
  • ·Rest of Europe
  • Asia Pacific
  • ·Japan
  • ·China
  • ·India
  • ·Australia
  • ·New Zealand
  • ·South Korea
  • ·Rest of Asia Pacific
  • South America
  • ·Argentina
  • ·Brazil
  • ·Chile
  • ·Rest of South America
  • Middle East & Africa
  • ·Saudi Arabia
  • ·UAE
  • ·Qatar
  • ·South Africa
  • ·Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

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  • Company Profiling
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