Global Satellite Propulsion Market Research Report: Forecast (2023-2028)

By System Type (Bipropellant Propulsion System, Monopropellant Propulsion System, Ion-Thruster Propulsion Systems), By Application (Application Satellite, Science Satellite, Technology Experiment Sate... ... logy Experiment Satellite), By End User (Government, Private Entities), By Region (Americas, Europe, Asia Pacific, Rest of the World), By Company (Moog Inc., Aliena Pte Ltd., Ariane Group, Busek Co. Inc., Champaign Urbana Aerospace, Neutron Star, Northrop Grumman, Orbion Space Technology, Phase Four Inc., Sitael SPA) Read more

  • Aerospace & Defense
  • Mar 2023
  • 178
  • PDF, Excel, PPT

Market Definition

Satellite Propulsion is a system used to give thrust to the satellite so that it can move. Under the propulsion system, the working liquid fuel is accelerated, creating a force on the system, thereby adding momentum for the artificial satellites & spacecraft.

Market Insights & Analysis: Global Satellite Propulsion Market (2023-28)

The Global Satellite Propulsion Market is projected to grow at a CAGR of around 6.7% during the forecast period, i.e., 2023-28. A major factor attributing to its growth is the increase in the number of satellite launches, both by government space agencies as well as private companies. Various companies in the private sector, such as SpaceX, Virgin Galactic, etc., have entered into the satellite manufacturing as well as satellite launch industries in the historical years, which has revolutionized the satellite industry leading to the adoption of new technologies to reduce the cost. This phenomenon has subsequently, attracted a large number of industries to opt for the economical space launch solution for their satellite, further promoting the satellite industry & the market of satellite propulsion systems.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 6.7%
Regions Covered America: The US, Canada, Brazil, Rest of the Americas
Europe: Germany, The UK, France, Russia, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Rest of Asia-Pacific
Rest of the World
Key Companies Profiled Moog Inc., Aliena Pte Ltd., Ariane Group, Busek Co. Inc., Champaign Urbana Aerospace, Neutron Star, Northrop Grumman, Orbion Space Technology, Phase Four Inc., Sitael SPA
Unit Denominations USD Million/Billion

 

Additionally, the emergence of 5G and long-distance data transfer via satellite has marked its presence in a large number of countries, promoting the need for satellite communication systems. In line with the growing demand for satellite communication and data transfer requirements, many private sector companies have started the launch of satellites in Low Earth Orbit (LEO) to provide all-weather communication services to customers. For instance,

  • In 2022, Hughes Communication India launched its satellite communication services in India using Indian Space Research Organisation (ISRO)’s Geosynchronous Satellite (GSAT)-11 and GSAT-29 satellites. However, with the enhancing consumer base in India for data services the company is expected to expand its services through the potential launch of new satellites in the coming years.
  • In 2023, the Falcon 9 rocket of SpaceX launched 51 ‘Starlink’ satellites into space under the satellite communication services providing project of the company. SpaceX, a US-based spacecraft manufacturing company, started the launch of its communication satellites in LEO to provide internet access coverage globally. The intended mega constellation of 42,000 satellites of 260 kg, each would help the company to provide internet services across the globe.

Blue Origin is another prominent company that announced to launch of satellite services under its ‘Project Kuiper’ in 2019. With the growing focus on satellite communication services the demand for new satellite manufacturing as well as using various types of geostationary and geosynchronous satellites would thrive in the coming years subsequently, leading to promote the demand for satellite propulsion systems which are crucial for the satellite movement in space to follow the intended orbit.

Global Satellite Propulsion Market Research Report (2023-2028) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Research Process
    2. Assumptions
    3. Market Definition
  3. Executive Summary
  4. Global Satellite Launches by Top Countries, 2018-2022
    1. Types of Satellite
    2. Application
    3. Company
    4. Lifecycle
    5. Others
  5. Planned Global Satellite Launches, by Country, 2023
  6. Global Satellite Propulsion Market Trends & Insights
  7. Global Satellite Propulsion Market Dynamics
    1. Drivers
    2. Challenges
  8. Global Satellite Propulsion Market Hotspots & Opportunities
  9. Global Satellite Propulsion Market Government Regulations & Policies, 2018-2028F
  10. Global Satellite Propulsion Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By System Type
        1. Bipropellant Propulsion System
        2. Monopropellant Propulsion System
        3. Ion-Thruster Propulsion Systems
      2. By Application
        1. Application Satellite
          1. Communication & Broadcasting
          2. Weather
          3. Navigation
          4. Others
        2. Science Satellite
        3. Technology Experiment Satellite
      3. By End User
        1. Government
        2. Private Entities
      4. By Region
        1. Americas
        2. Europe
        3. Asia Pacific
        4. Rest of the World
      5. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
  11. Americas Space Satellite Propulsion Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By System Type
      2. By Application
      3. By End User
      4. By Country
        1. The US
        2. Canada
        3. Brazil
        4. Rest of the Americas
    3. The US Space Satellite Propulsion Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By End User
    4. Canada Space Satellite Propulsion Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By End User
    5. Brazil Space Satellite Propulsion Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By End User
  12. Europe Space Satellite Propulsion Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By System Type
      2. By Application
      3. By End User
      4. By Country
        1. Germany
        2. The UK
        3. Russia
        4. France
        5. Rest of Europe
    3. Germany Space Satellite Propulsion Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By End User
    4. The UK Space Satellite Propulsion Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By End User
    5. Russia Space Satellite Propulsion Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By End User
    6. France Space Satellite Propulsion Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By End User
  13. Asia-Pacific Space Satellite Propulsion Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By System Type
      2. By Application
      3. By End User
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
    3. China Space Satellite Propulsion Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By End User
    4. India Space Satellite Propulsion Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By End User
    5. Japan Space Satellite Propulsion Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By End User
    6. South Korea Space Satellite Propulsion Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By End User
  14. Global Satellite Propulsion Market Key Strategic Imperatives for Success & Growth
  15. Competitive Outlook
    1. Competition Matrix
      1. Application Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Target Applications
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles ((Business Description, Application Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Moog Inc.
      2. Aliena Pte Ltd.
      3. Ariane Group
      4. Busek Co. Inc.
      5. Champaign Urbana Aerospace
      6. Neutron Star
      7. Northrop Grumman
      8. Orbion Space Technology
      9. Phase Four Inc.
      10. Sitael SPA
  16. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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