Global Electric Propulsion Satellite Market 2022-2026

Global Electric Propulsion Satellite Market 2022-2026

Technavio has been monitoring the electric propulsion satellite market and it is poised to grow by $ 15.71 bn during 2022-2026, accelerating at a CAGR of 16.28% during the forecast period. Our report on the electric propulsion satellite market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing preference for hosted payload, cost-effective solutions, and increasing use in military and defense applications.

The electric propulsion satellite market analysis includes type segment and geographic landscape.

Technavio's electric propulsion satellite market is segmented as below:

By Type

• Hybrid
• All-electric

By Geographical Landscape

• North America
• APAC
• Europe
• South America
• The Middle East and Africa

This study identifies the introduction of lightweight amplifiers as one of the prime reasons driving the electric propulsion satellite market growth during the next few years. Also, the miniaturization of radar cameras and the use of nano and microsatellites for maintenance of bigger satellites will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the electric propulsion satellite market covers the following areas:

• Electric propulsion satellite market sizing
• Electric propulsion satellite market forecast
• Electric propulsion satellite market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric propulsion satellite market vendors that include Accion Systems Inc., Ad Astra Rocket Co., Aerojet Rocketdyne Holdings Inc., Airbus SE, Busek Co. Inc., INVAP S.E., Northrop Grumman Corp., OHB System AG, Safran SA, Sitael S.p.A., Thales Group, and The Boeing Co.. Also, the electric propulsion satellite market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.