Satellite Propulsion System Market Scope
Increasing demand for nano and microsatellite, it is projected that the manufacturing base of satellites will widen to various regions of the world. Satellite propulsion systems are developed to distribute precise impulse bits for accurate control of position or altitude of satellites. There are various applications of satellite propulsion systems such as orbital satellites and spacecraft, automated resupply missions, interplanetary spacecraft and probes, control of re-entry vehicles, ascent roll control and stabilization of light to heavy launch vehicles, launch vehicle upper stage attitude, and orbital and roll control among others.
The market study is being classified by Type (Chemical Propulsion, Hybrid Propulsion and All-electric propulsion), by Application (Science Satellite, Technology Experiment Satellite and Applications Satellite) and major geographies with country level break-up.
The global Satellite Propulsion System market is categorized by the presence of well-diversified international and small and medium-sized market players. These market players are consistently launching new products to boost their offerings in the market. With the advancement of technologies, firms are innovating and introducing new customized products to cater to the rising requirements of the clients. Leading market players are also acquiring another market player, and improving their product offerings to expand their market reach. Acquisitions allow key vendors to raise their market potential in terms of geographic expansion and expansion of customer base. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Satellite Propulsion System market throughout the predicted period.
Aerojet Rocketdyne (United States), Airbus Defense and Space (France), Boeing (United States), OHB System AG (Germany), Safran S.A. (France), Ball Aerospace & Technologies Corp. (United States), Mitsubishi Electric Corporation (Japan), Orbital ATK Inc. (United States), Thales Group (France), Northrop Grumman Corporation (United States) and Lockheed Martin (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Bellatrix Aerospace (India) and General Dynamics (United States).
AdvanceMarketAnalytics has segmented the market of Global Satellite Propulsion System market by Type, Application and Region.
On the basis of geography, the market of Satellite Propulsion System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
- Increasing Deployment of CubeSats
- Increasing Usage of Satellite Propulsion Systems in the Commercial Sector
- Advent of Low-Cost Satellite
- Development of Reusable Space Launch Vehicles
- Growing Interest of Governments in Small Satellites for Earth Observation and Defense Sector
- Expansion of Established Firms into Developing Countries, And Technological Advancements
- High Cost of All-Electric Propulsion Systems
- Stringent Government Regulation Associated With Satellite Propulsion System
Key Target AudienceResearch/Consultancy Firms, System Integrators, Manufacturing Execution System (MES) and Manufacturing Operations Management (MOM) Players, Original Equipment Manufacturers, Government Organizations and Other
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