Electric Propulsion System Market 2019 by Manufactures(Aerospace Corporation, SITAEL, Bellatrix Aerospace, Busek Co. Inc., Accion Systems Inc. & More) - Global Forecast to 2025
Electric Propulsion (EP) is a class of space propulsion which makes use of electrical power to accelerate a propellant by different possible electrical and/or magnetic means. An electrically powered spacecraft propulsion system uses electrical energy to change the velocity of a spacecraft. Most of these kinds of spacecraft propulsion systems work by electrically expelling propellant at high speed. Worldwide, there are a little electric propulsion system manufacturers; and there is growing number of enterprises are entering the market attracted by the market potential.
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Aerospace Corporation, SITAEL and Bellatrix Aerospace are the top there manufacturers of electric propulsion system in the market currently; they account more than half of the market total production volume of electric propulsion system. The global Electric Propulsion System market was 170 million US$ in 2018 and is expected to 850 million US$ by the end of 2025, growing at a CAGR of 22.2% between 2019 and 2025.
North America and Europe are the largest markets of electric propulsion system currently; but the market of electric propulsion system in Asia-Pacific is forecasted to experience a higher growth speed in the following five years due to the growing downstream demand.
By expanding the Electric Propulsion System market in several countries, these major players are expected to keep up their impact in the following couple of years. Foremost companies are forecast to experience an increased level of competition from the new firms in the coming years.
Market Segment by Top Manufacturers, this report covers :
Aerospace Corporation, SITAEL, Bellatrix Aerospace, Busek Co. Inc., Accion Systems Inc. & More…
Electric Propulsion System Market Segment by Type covers: Gridded Ion Engine (GIE), Hall Effect Thruster (HET), High Efficiency Multistage Plasma Thruster (HEMPT), Pulsed Plasma Thruster (PPT), Other.
Electric Propulsion System Market Segment by Application covers: Nano Satellite, Microsatellite.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Electric Propulsion System in these regions, from 2014 to 2025, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries).
With this Electric Propulsion System market report, all the participants and the vendors will be in aware of the growth factors, shortcomings, threats, and the lucrative opportunities that the market will offer in the near future. The report also features the revenue; industry size, share, production volume, and consumption in order to gain insights about the politics and tussle of gaining control of a huge chunk of the market share.
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Electric Propulsion System market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Complete in-depth analysis of the Electric Propulsion System
Important changes in market dynamics.
Segmentation analysis of the market.
Emerging segments and regional markets.
Assessment of niche industry players.
Market share analysis.
Key strategies of major players.
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