Electric Propulsion System Market Analysis 2021 Global Industry Size, Key Vendors, Application, Trends, Competitive Landscape by Key Segmentation, Outlook To 2027

ReportsnReports has published a report entitled Global Electric Propulsion System Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

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Market Analysis and Insights: Global Electric Propulsion System Market
The global Electric Propulsion System market size is projected to reach US$ 1361.9 million by 2027, from US$ 328 million in 2020, at a CAGR of 22.2% during 2021-2027.

By Company
– Aerospace Corporation
– SITAEL
– Bellatrix Aerospace
– Busek Co. Inc.
– Accion Systems Inc.

Global top five manufacturers hold a share about 80%. United States is the largest market, with a share about 60%, followed by Europe, with a share about 25 percent. In terms of product, HET is the largest segment, with a share about 60%. And in terms of application, the largest application is Microsatellite, followed by Nano Satellite.

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Global Electric Propulsion System Scope and Market Size
Electric Propulsion System market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Electric Propulsion System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
– Gridded Ion Engine (GIE)
– Hall Effect Thruster (HET)
– High Efficiency Multistage Plasma Thruster (HEMPT)
– Pulsed Plasma Thruster (PPT)
– Other

Segment by Application
– Nano Satellite
– Microsatellite

This report presents the worldwide Electric Propulsion System Market size (value, production and consumption), splits the breakdown (data status 2016-2021 and forecast to 2027), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.

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