Latest research report on “Electric Propulsion System Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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Electric Propulsion (EP) is a class of space propulsion which makes use of electrical power to accelerate a propellant by different possible electrical and/or magnetic means. An electrically powered spacecraft propulsion system uses electrical energy to change the velocity of a spacecraft. Most of these kinds of spacecraft propulsion systems work by electrically expelling propellant at high speed. This report focus on Electric propulsion on the nano and microsatellite market.
This report contains market size and forecasts of Electric Propulsion System in Global, including the following market information:
Global Electric Propulsion System Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Electric Propulsion System market was valued at 420.8 million in 2021 and is projected to reach US$ 1621 million by 2028, at a CAGR of 21.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Gridded Ion Engine (GIE) Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Electric Propulsion System include Aerospace Corporation, SITAEL, Bellatrix Aerospace, Busek Co. Inc. and Accion Systems Inc., etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Electric Propulsion System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electric Propulsion System Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Electric Propulsion System Market Segment Percentages, by Type, 2021 (%)
– Gridded Ion Engine (GIE)
– Hall Effect Thruster (HET)
– High Efficiency Multistage Plasma Thruster (HEMPT)
– Pulsed Plasma Thruster (PPT)
– Other
Global Electric Propulsion System Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Electric Propulsion System Market Segment Percentages, by Application, 2021 (%)
– Nano Satellite
– Microsatellite
Global Electric Propulsion System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Electric Propulsion System Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– Europe
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– Asia
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electric Propulsion System revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Electric Propulsion System revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– Aerospace Corporation
– SITAEL
– Bellatrix Aerospace
– Busek Co. Inc.
– Accion Systems Inc.
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