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.
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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 in Satellite Propulsion System Market
• 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
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