Global Satellite Propulsion System Market 2020-2024

Global Satellite Propulsion System Market 2020-2024

Technavio has been monitoring the satellite propulsion system market and it is poised to grow by $ 17.19 bn during 2020-2024 progressing at a CAGR of 12% during the forecast period. Our reports on satellite propulsion system 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 regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the emergence of low-cost satellites, cost-effective solutions and development of sustainable space launch vehicles. In addition, emergence of low-cost satellites is anticipated to boost the growth of the market as well.

The satellite propulsion system market analysis includes type segment and geographic landscapes

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

By Type

  • Chemical propulsion
  • Hybrid propulsion
  • All-electric propulsion
By Geographic Landscape
  • North America
  • APAC
  • Europe
  • South America
  • MEA
This study identifies the propulsion by inert gases as one of the prime reasons driving the satellite propulsion system market growth during the next few years. Also, rapid deployment of CubeSats and use of green propulsive technologies 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 satellite propulsion system market covers the following areas:
  • Satellite propulsion system market sizing
  • Satellite propulsion system market forecast
  • Satellite propulsion system 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 satellite propulsion system market vendors that include Aerojet Rocketdyne Holdings Inc., Airbus SE, Ball Corp., Bellatrix Aerospace Pvt. Ltd., Busek Co. Inc., Mitsubishi Electric Corp., OHB System AG, Safran SA, Thales Group, and The Boeing Co.. Also, the satellite propulsion system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on 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 an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis: Industrial machinery market
      • Inputs
      • Inbound logistics
      • Operations
      • Outbound logistics
      • Marketing and sales
      • Aftermarket and service
      • Industry innovations:
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ million)
      • Table Global - Market size and forecast 2019 - 2024 ($ million), exclusive of COVID- 19 impact
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Type
    • Market segments
      • Table Type - Market share 2019-2024 (%)
    • Comparison by Type
      • Table Comparison by Type
    • Chemical propulsion - Market size and forecast 2019-2024
      • Table Chemical propulsion - Market size and forecast 2019-2024 ($ million)
      • Table Chemical propulsion - Market size and forecast 2019 - 2024 ($ million), exclusive of COVID-19 impact
      • Table Chemical propulsion - Year-over-year growth 2019-2024 (%)
    • Hybrid propulsion - Market size and forecast 2019-2024
      • Table Hybrid propulsion - Market size and forecast 2019-2024 ($ million)
      • Table Hybrid propulsion - Market size and forecast 2019 - 2024 ($ million), exclusive of COVID-19 impact
      • Table Hybrid propulsion - Year-over-year growth 2019-2024 (%)
    • All-electric propulsion - Market size and forecast 2019-2024
      • Table All-electric propulsion - Market size and forecast 2019-2024 ($ million)
      • Table All-electric propulsion - Market size and forecast 2019 - 2024 ($ million), exclusive of COVID-19 impact
      • Table All-electric propulsion - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table North America - Market size and forecast 2019 - 2024 ($ million), exclusive of COVID-19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table APAC - Market size and forecast 2019 - 2024 ($ million), exclusive of COVID- 19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table Europe - Market size and forecast 2019 - 2024 ($ million), exclusive of COVID- 19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table South America - Market size and forecast 2019 - 2024 ($ million), exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table MEA - Market size and forecast 2019 - 2024 ($ million), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers – Demand led growth
      • Emergence of low- cost satellites
      • Cost-effective solutions
      • Development of sustainable space launch vehicles
    • Market challenges
      • Insufficient thrust generation with all-electric propulsion systems
      • Cost-intensive satellite launch programs
      • Delays in satellite launch
        • Table Impact of drivers and challenges
    • Market trends
      • Propulsion by inert gases
      • Rapid deployment of CubeSats
      • Use of green propulsive technologies
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Aerojet Rocketdyne Holdings Inc.
      • Table Aerojet Rocketdyne Holdings Inc. – Overview
      • Table Aerojet Rocketdyne Holdings Inc. - Business segments
      • Table Aerojet Rocketdyne Holding Inc. - Key news
      • Table Aerojet Rocketdyne Holdings Inc. - Key offerings
      • Table Aerojet Rocketdyne Holdings Inc. - Segment focus
    • Airbus SE
      • Table Airbus SE – Overview
      • Table Airbus SE - Business segments
      • Table Airbus SE - Key news
      • Table Airbus SE - Key offerings
      • Table Airbus SE - Segment focus
    • Ball Corp.
      • Table Ball Corp. – Overview
      • Table Ball Corp. - Business segments
      • Table Ball Corp. - Key news
      • Table Ball Corp. - Key offerings
      • Table Ball Corp. - Segment focus
    • Bellatrix Aerospace Pvt. Ltd.
      • Table Bellatrix Aerospace Pvt. Ltd. – Overview
      • Table Bellatrix Aerospace Pvt. Ltd. - Product and service
      • Table Bellatrix Aerospace Pvt. Ltd. - Key offerings
    • Busek Co. Inc.
      • Table Busek Co. Inc. – Overview
      • Table Busek Co. Inc. - Product and service
      • Table Busek Co. Inc. - Key offerings
    • Mitsubishi Electric Corp.
      • Table Mitsubishi Electric Corp. – Overview
      • Table Mitsubishi Electric Corp. - Business segments
      • Table Mitsubishi Electric Corp. - Key news
      • Table Mitsubishi Electric Corp. - Key offerings
      • Table Mitsubishi Electric Corp. - Segment focus
    • OHB System AG
      • Table OHB System AG – Overview
      • Table OHB System AG - Product and service
      • Table OHB Systems AG - Key news
      • Table OHB System AG - Key offerings
    • Safran SA
      • Table Safran SA – Overview
      • Table Safran SA - Business segments
      • Table Safran SA - Key news
      • Table Safran SA - Key offerings
      • Table Safran SA - Segment focus
    • Thales Group
      • Table Thales Group – Overview
      • Table Thales Group - Business segments
      • Table Thales Group - Key news
      • Table Thales Group - Key offerings
      • Table Thales Group - Segment focus
    • The Boeing Co.
      • Table The Boeing Co. – Overview
      • Table The Boeing Co. - Business segments
      • Table The Boeing Co. - Key news
      • Table The Boeing Co. - Key offerings
      • Table The Boeing Co. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objective
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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