NEW YORK, July 31, 2023 /PRNewswire/ — The satellite propulsion system market size is set to grow by USD 12,320.9 million from 2022 to 2027, according to Technavio. As per the latest report, the market will progress at a CAGR of 7.72% during the forecast period. The emergence of low-cost satellites is notably driving market growth. The satellite systems domain is undergoing a transformation with the adoption of new-generation and reusable launch vehicles. Several countries have focused on launching innovative and cost-effective satellites. For instance, in January 2020, the Indian Space Research Organization (ISRO) announced plans to introduce low-cost satellite launch vehicles by re-engineering and redesigning space vehicles. In the same year, India’s Reusable Launch Vehicle-Technology Demonstrator (RLV-TD) successfully underwent flight testing. SpaceX has also been actively developing a fully reusable space launch vehicle for multiple satellite launch missions, aiming to further reduce satellite launch costs and create new opportunities for low-cost satellite-based services using nano and microsatellite constellations. View the new Sample Report within minutes!

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

• Satellite Propulsion System Market size
• Satellite Propulsion System Market trends
• Satellite Propulsion System Market industry analysis
• Satellite Propulsion System Market five forces analysis
• Satellite Propulsion System Market competitive landscape

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Airbus SE, ArianeGroup, CU Aerospace, ESCO Technologies Inc., Eutelsat SA, Hispasat SA, IHI Corp., Inmarsat Global Ltd., Moog Inc., Northrop Grumman Systems Corp., OHB SE, Rafael Advanced Defense Systems Ltd., Safran SA, SES SA, SKY Perfect JSAT Holdings Inc., Starfish Space, Telesat Corp., Thaicom Public Co. Ltd., Thales Group, and Intelsat US LLC are some of the major market participants. Although the emergence of low-cost satellites will offer immense growth opportunities, insufficient thrust generation with all-electric propulsion systems will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Satellite Propulsion System Market 2023-2027: Trends

Propulsion by inert gases is an emerging trend shaping market growth. Xenon is an exceptionally rare gaseous element on Earth. Air Liquide, a key supplier of Xenon, employs proprietary technologies to extract it from the air, ensuring a sustainable supply through diversified sourcing methods. The company utilizes advanced analytical equipment to produce customer-specific Xenon, ranging from standard to ultra-high purity levels, serving various sectors like industrial, medical, electronics, and space industries. Xenon is particularly suitable for electric propulsion in satellites due to its density, ionization potential, and inertness. High-purity Xenon is used as a propellant for satellite orbit raising and station-keeping functions. Electric engines powered by Xenon, using solar panel energy, generate thrust, increasing satellite load capacity by approximately 50% and significantly reducing launch costs. Technavio predicts that over 30% of the satellite market will adopt Xenon-driven electric propulsion technology during the forecast period.

Satellite Propulsion System Market 2023-2027: Segmentation

Satellite Propulsion System Market is segmented as below:

• Type 
• Chemical Propulsion
• Hybrid Propulsion
• All-electric Propulsion
• Application 
• MEO Satellite
• GEO Satellite
• LEO Satellite
• Geography 
• North America
• APAC
• Europe
• South America
• Middle East And Africa

The market share growth by the chemical propulsion segment will be significant during the forecast period. Chemical propulsion systems have been conventionally favoured for satellite missions due to their ability to carry a significant amount of fuel. However, this is not feasible for nano and microsatellite designs. Additionally, once initiated, solid propellant propulsion systems cannot be stopped or restarted, necessitating the use of multiple stages for multiple burns. This further adds weight and restricts the payload-carrying capacity of satellites.

Satellite Propulsion System Market 2023-2027: Scope

Insufficient thrust generation with all-electric propulsion systems may hinder market growth. The increasing demand for nano and microsatellites in various sectors, such as civil, military, and commercial, necessitates meeting high-reliability standards and ensuring longer mission life. All-electric propulsion systems, which are common in small and low-cost satellites, offer numerous advantages over conventional chemical propulsion systems. However, they encounter challenges in withstanding satellite launches and space exposure conditions. During the launch of two electric-powered satellites, it was observed that the all-electric propulsion system initially provided less thrust compared to chemical fuels, resulting in a longer time for proper orbital adjustments. For instance, the Xenon-ion propulsion system generates approximately 0.165 N thrust, while conventional chemical fuels have thrust in the range of 10-20 N. As a result, satellite manufacturers and operators may face challenges during the forecast period when utilizing electric propulsion systems.

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Satellite Propulsion System Market 2023-2027: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the Satellite Propulsion System Market. Backed with competitive intelligence and benchmarking, our research reports on the Satellite Propulsion System Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Vendors Offerings 

• Airbus SE – The company offers satellite propulsion systems such as all-electric satellites and satellites on-station maneuvers.
• ArianeGroup – The company offers satellite propulsion systems such as Hypergolic and Electric propulsion systems, and other satellite propulsion systems namely, ATV and MSG.
• Eutelsat SA – The company offers Eutelsat 172B which is a communication satellite that uses Safran or Snecma PPS 5000 electric propulsion for initial orbit raising and all on-orbit maneuvers. 

Satellite Propulsion System Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist satellite propulsion system market growth during the next five years
• Estimation of the satellite propulsion system market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behaviour
• The growth of the satellite propulsion system market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of satellite propulsion system market vendors

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Table Of Contents :

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global satellite propulsion system market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on global satellite propulsion system market 2017 – 2021 ($ million)

• 4.2 Type Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 ($ million)

• 4.3 Application Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type – Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Chemical propulsion – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Chemical propulsion – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Chemical propulsion – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Chemical propulsion – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Chemical propulsion – Year-over-year growth 2022-2027 (%)

• 6.4 Hybrid propulsion – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Hybrid propulsion – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Hybrid propulsion – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Hybrid propulsion – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Hybrid propulsion – Year-over-year growth 2022-2027 (%)

• 6.5 All-electric propulsion – Market size and forecast 2022-2027 
• Exhibit 42: Chart on All-electric propulsion – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on All-electric propulsion – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on All-electric propulsion – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on All-electric propulsion – Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Type 
• Exhibit 46: Market opportunity by Type ($ million)
• Exhibit 47: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 48: Chart on Application – Market share 2022-2027 (%)
• Exhibit 49: Data Table on Application – Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 50: Chart on Comparison by Application
• Exhibit 51: Data Table on Comparison by Application

• 7.3 MEO satellite – Market size and forecast 2022-2027
• Exhibit 52: Chart on MEO satellite – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on MEO satellite – Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on MEO satellite – Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on MEO satellite – Year-over-year growth 2022-2027 (%)

• 7.4 GEO satellite – Market size and forecast 2022-2027
• Exhibit 56: Chart on GEO satellite – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on GEO satellite – Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on GEO satellite – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on GEO satellite – Year-over-year growth 2022-2027 (%)

• 7.5 LEO satellite – Market size and forecast 2022-2027
• Exhibit 60: Chart on LEO satellite – Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on LEO satellite – Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on LEO satellite – Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on LEO satellite – Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Application 
• Exhibit 64: Market opportunity by Application ($ million)
• Exhibit 65: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027
• Exhibit 71: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 APAC – Market size and forecast 2022-2027
• Exhibit 75: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 83: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 91: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 UK – Market size and forecast 2022-2027
• Exhibit 95: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.10 China – Market size and forecast 2022-2027
• Exhibit 99: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.11 Russia – Market size and forecast 2022-2027
• Exhibit 103: Chart on Russia – Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Russia – Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Russia – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Russia – Year-over-year growth 2022-2027 (%)

• 9.12 Japan – Market size and forecast 2022-2027
• Exhibit 107: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Airbus SE 
• Exhibit 119: Airbus SE – Overview
• Exhibit 120: Airbus SE – Business segments
• Exhibit 121: Airbus SE – Key news
• Exhibit 122: Airbus SE – Key offerings
• Exhibit 123: Airbus SE – Segment focus

• 12.4 ArianeGroup 
• Exhibit 124: ArianeGroup – Overview
• Exhibit 125: ArianeGroup – Product / Service
• Exhibit 126: ArianeGroup – Key offerings

• 12.5 Eutelsat SA 
• Exhibit 127: Eutelsat SA – Overview
• Exhibit 128: Eutelsat SA – Product / Service
• Exhibit 129: Eutelsat SA – Key news
• Exhibit 130: Eutelsat SA – Key offerings

• 12.6 Hispasat SA 
• Exhibit 131: Hispasat SA – Overview
• Exhibit 132: Hispasat SA – Product / Service
• Exhibit 133: Hispasat SA – Key offerings

• 12.7 IHI Corp. 
• Exhibit 134: IHI Corp. – Overview
• Exhibit 135: IHI Corp. – Business segments
• Exhibit 136: IHI Corp. – Key news
• Exhibit 137: IHI Corp. – Key offerings
• Exhibit 138: IHI Corp. – Segment focus

• 12.8 Inmarsat Global Ltd. 
• Exhibit 139: Inmarsat Global Ltd. – Overview
• Exhibit 140: Inmarsat Global Ltd. – Business segments
• Exhibit 141: Inmarsat Global Ltd. – Key offerings
• Exhibit 142: Inmarsat Global Ltd. – Segment focus

• 12.9 Intelsat US LLC 
• Exhibit 143: Intelsat US LLC – Overview
• Exhibit 144: Intelsat US LLC – Product / Service
• Exhibit 145: Intelsat US LLC – Key offerings

• 12.10 Moog Inc. 
• Exhibit 146: Moog Inc. – Overview
• Exhibit 147: Moog Inc. – Business segments
• Exhibit 148: Moog Inc. – Key offerings
• Exhibit 149: Moog Inc. – Segment focus

• 12.11 Rafael Advanced Defense Systems Ltd.
• Exhibit 150: Rafael Advanced Defense Systems Ltd. – Overview
• Exhibit 151: Rafael Advanced Defense Systems Ltd. – Product / Service
• Exhibit 152: Rafael Advanced Defense Systems Ltd. – Key news
• Exhibit 153: Rafael Advanced Defense Systems Ltd. – Key offerings

• 12.12 Safran SA 
• Exhibit 154: Safran SA – Overview
• Exhibit 155: Safran SA – Business segments
• Exhibit 156: Safran SA – Key news
• Exhibit 157: Safran SA – Key offerings
• Exhibit 158: Safran SA – Segment focus

• 12.13 SES SA 
• Exhibit 159: SES SA – Overview
• Exhibit 160: SES SA – Product / Service
• Exhibit 161: SES SA – Key offerings

• 12.14 SKY Perfect JSAT Holdings Inc. 
• Exhibit 162: SKY Perfect JSAT Holdings Inc. – Overview
• Exhibit 163: SKY Perfect JSAT Holdings Inc. – Business segments
• Exhibit 164: SKY Perfect JSAT Holdings Inc. – Key offerings
• Exhibit 165: SKY Perfect JSAT Holdings Inc. – Segment focus

• 12.15 Telesat Corp. 
• Exhibit 166: Telesat Corp. – Overview
• Exhibit 167: Telesat Corp. – Product / Service
• Exhibit 168: Telesat Corp. – Key offerings

• 12.16 Thaicom Public Co. Ltd. 
• Exhibit 169: Thaicom Public Co. Ltd. – Overview
• Exhibit 170: Thaicom Public Co. Ltd. – Business segments
• Exhibit 171: Thaicom Public Co. Ltd. – Key offerings
• Exhibit 172: Thaicom Public Co. Ltd. – Segment focus

• 12.17 Thales Group 
• Exhibit 173: Thales Group – Overview
• Exhibit 174: Thales Group – Business segments
• Exhibit 175: Thales Group – Key news
• Exhibit 176: Thales Group – Key offerings
• Exhibit 177: Thales Group – Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 178: Inclusions checklist
• Exhibit 179: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 180: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 181: Research methodology
• Exhibit 182: Validation techniques employed for market sizing
• Exhibit 183: Information sources

• 13.5 List of abbreviations 
• Exhibit 184: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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