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Global Satellite Propulsion System Market 2017-2021

Global Satellite Propulsion System Market 2017-2021

About Satellite Propulsion System

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

Technavio’s analysts forecast the global satellite propulsion system market to grow at a CAGR of 4.09% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global satellite propulsion system market for 2017-2021. To calculate the market size, the report considers the new installations.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Satellite Propulsion System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Aerojet Rocketdyne
  • Airbus
  • Bellatrix Aerospace
  • Boeing
  • OHB
  • Safran
Other prominent vendors
  • BALL CORPORATION
  • Mitsubishi Electric
  • Orbital ATK
  • Thales
Market driver
  • Low-cost propulsion systems for micro and nano satellites
  • For a full, detailed list, view our report
Market challenge
  • Cost-intensive satellite launch programs
  • For a full, detailed list, view our report
Market trend
  • Propulsion by inert gases
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Satellite Propulsion System Market 2017-2021

Technavio recognizes the following companies as the key players in the global satellite propulsion system market: Aerojet Rocketdyne, Airbus, Bellatrix Aerospace, Boeing, OHB, and Safran.

Other Prominent Vendors in the market are: BALL CORPORATION, Mitsubishi Electric, Orbital ATK, and Thales.

Commenting on the report, an analyst from Technavio’s team said: “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 thruster's 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.”

According to the report, 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.

Further, the report states that 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.



Companies Mentioned

Aerojet Rocketdyne, Airbus, Bellatrix Aerospace, Boeing, OHB, Safran, BALL CORPORATION, Mitsubishi Electric, Orbital ATK, and Thales.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
    • Key takeaways
      • Table Global satellite propulsion system market: Key takeaways
    • Key buying criteria
      • Table Key buying criteria for satellite propulsion systems
  • Market landscape
    • Market overview
      • Table Segmentation of the global satellite propulsion system market
    • Market size and forecast
      • Table Global satellite propulsion system market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by propulsion type
    • Market segmentation by propulsion type
      • Table Global satellite propulsion system market by propulsion type 2016 and 2021 (% share)
    • Market segmentation by revenue
      • Table Global satellite propulsion system market by propulsion type 2016-2021 ($ billions)
    • Global chemical propulsion satellite market
      • Table Global chemical propulsion satellite market 2016-2021 ($ billions)
    • Global hybrid propulsion satellite market
      • Table Global hybrid propulsion satellite market 2016-2021 ($ billions)
    • Global all-electric propulsion satellite market
      • Table Global all-electric propulsion satellite market 2016-2021 ($ billions)
  • Geographical segmentation
    • Market share by geography
      • Table Global satellite propulsion system market by geography 2016 and 2021 (% share)
    • Geographical segmentation by revenue
      • Table Global satellite propulsion system market by geography 2016-2021 ($ billions)
    • Satellite propulsion system market in the Americas
      • Table Satellite propulsion system market in the Americas 2016-2021 ($ billions)
    • Satellite propulsion system market in EMEA
      • Table Satellite propulsion system market in EMEA 2016-2021 ($ billions)
    • Satellite propulsion system market in APAC
      • Table Satellite propulsion system market in APAC 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Approximate costs of launching satellites
      • Table Worst debris crashes on Earth
  • Market trends
    • Propulsion by inert gases
    • Rapid deployment of CubeSats
      • Table CubeSats launched per year (2005-2015)
    • Use of green propulsive technologies
  • Patent analysis
    • Patent trends
      • Table Major granted satellite propulsion patents (March 2012 - March 2017)
  • Vendor landscape
    • Competitive scenario
      • Table List of competitors in the global satellite propulsion system market
      • Table Major competitors: Benchmarking
    • Aerojet Rocketdyne
    • Airbus
      • Table Airbus: Key satellite capabilities
    • Bellatrix Aerospace
    • Boeing
      • Table Boeing: Key satellite capabilities
    • OHB
    • Safran
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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