Satellite Propulsion System Market: Evolving Technology, Trends and Market Analysis

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Satellite Propulsion System Market

Satellite Propulsion System market research delivers practical and actionable intelligence of market to support your idea with research based facts. It provides deep understanding, clarifies diversities of market to help you decide not only the succeeding strategy but also to achieve desired market position. This market research is a combine result of inputs from industry experts with awareness, experience of Satellite Propulsion System industry and qualitative and quantitative synthesis of market. Industry experts project Satellite Propulsion System market to grow at a CAGR of 4.09% during the period 2017-2021.

Satellite propulsion systems are used to accelerate/power a satellite into the orbit. They can be chemical, hybrid, or all-electric.

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Satellite Propulsion System Market Trend, Challenge and Driver: –

Satellite Propulsion System Market trend: – The latest trend gaining momentum in the market is propulsion by inert gases. A propellant is usually ionized with the aid of electron bombardment or radio frequency fields, and then, it is accelerated with the help of high electric potential applied to a grid structure at the thrusters exit. The power requirements should be in kW range to suffice both interplanetary and satellite attitude control applications. Air Liquide, a Paris-based company, has been a major contributor to space-based explorations for more than 50 years

Satellite Propulsion System Market Challenge: – one of the major factors hindering the growth of this market is cost-intensive satellite launch programs. The development and manufacture of each satellite comes with a unique set of limitations since each satellite has to withstand exposure to the extreme space environment and launch events. One of the other major challenges is the prohibitive cost, driven by safety and certification requirements that need expertise.

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Satellite Propulsion System Market Driver: – One of the major drivers for this market is low-cost propulsion systems for micro and nano satellites. One of the major advantages of the relatively economic nano and microsatellites, when compared with the conventional large satellites, is their lower construction and propulsion costs. Therefore, a constellation of such satellites can be used to provide low-cost solutions, which will otherwise cost a significant amount. The cost to build a nano or microsatellite is almost nil in comparison with traditional satellites. Most of the cost, however, comes from the cost to propel a satellite. The emergence of low-cost launch services for nano and microsatellites has further helped to lower the launch cost.

Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies. Key vendors operating in Satellite Propulsion System market space are Aerojet Rocketdyne, Airbus, Bellatrix Aerospace, Boeing, OHB and many more.

Geographic Segmentation: – Americas, APAC, EMEA

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Intent of this research –

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the flooring market