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Electric Propulsion Satellites Market Share

Report ID: GMI9556
Published Date: Nov 2024
Report Format: PDF

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Electric Propulsion Satellites Market Share

Major players like Boeing, Lockheed Martin, Northrop Grumman, OHB System, L3Harris Technologies, and Airbus dominate the electric propulsion satellites industry. As demand for efficient satellites grows, firms are investing in R&D to enhance propulsion tech and extend satellite life. To stay ahead, companies must invest in advanced propulsion technologies that boost efficiency and meet growing demands for satellite operations in communications, Earth observation, and navigation.

Electric Propulsion Satellites Market Companies

Major players operating in the electric propulsion satellites industry are:

Accion Systems
Ad Astra Rocket
Aerojet Rocketdyne
Airbus
ArianeGroup
Bellatrix Aerospace
Boeing
Busek
L3Harris Technologies
Lockheed Martin
Northrop Grumman
OHB System
Safran Group
Sitael
Thales Alenia Space
ThrustMe

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The global market size for electric propulsion satellites was valued at USD 42.9 billion in 2023 and is projected to reach USD 115.3 billion by 2032, driven by a CAGR of 12.1% from 2024 to 2032.

The commercial segment dominated the global market with a revenue of over USD 41 billion in 2023, driven by the demand for satellite internet services and efficient propulsion systems for expanding satellite constellations.

North America market accounted for over 39.5% of the global share in 2023, driven by technological advancements, rising demand for satellite services, and increased investment from government and business sectors.

Major players in the industry include Accion Systems, Ad Astra Rocket, Aerojet Rocketdyne, Airbus, ArianeGroup, Bellatrix Aerospace, Boeing, and Busek.