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:
- Chemical propulsion
- Hybrid propulsion
- All-electric propulsion
By Geographic Landscape
- North America
- South America
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.