Press release
Satellite Propulsion System Global Market Report 2024 - By Demand, Share, Size And Industry Report, Outlook By 2033
Satellite Propulsion System Market
As per the report, the satellite propulsion system market size has grown rapidly in recent years. It will grow from $4.34 billion in 2023 to $5.15 billion in 2024 at a compound annual growth rate (CAGR) of 18.7%. The satellite propulsion system market size is expected to see rapid growth in the next few years. It will grow to $9.74 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%.
Download Free Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=9300&type=smp
Surge In Space Exploration Propels The Satellite Propulsion Systems Market
Growth in space exploration is expected to propel the growth of satellite propulsion systems going forward. Space exploration is the discovery and investigation of celestial bodies in space using ever-evolving and expanding space technologies. Advanced satellite propulsion systems are used in space exploration to improve the capabilities of deep space exploration by offering a travel through space and making controlled landings. For instance, in January 2022, according to the Union of Concerned Scientists, a US-based nonprofit organization for science advocacy, there were currently 5,465 active satellites and 703 satellites had been added in 2021. Further, in March 2022, according to the National Aeronautics and Space Administration, a US-based independent agency responsible for the civil space program and aeronautics research, the agency's annual budget increased by 3% to about $24 billion and the budget provides $7.6 billion for deep space exploration. Therefore, the growth in space exploration is driving the market for the satellite propulsion systems.
Product Innovations Transforming The Satellite Propulsion System Market
Product innovations are a key trend gaining popularity in the satellite propulsion system market. Major companies operating in the satellite propulsion system market are focused on developing new technological solutions to strengthen their position. For instance, in June 2021, Accion Systems Inc., a US-based developer of advanced satellite propulsion systems for space, launched TILE 2, an ion electrospray propulsion system. It is one-of-a-kind in that it uses ionic liquid electrospray to test on-orbit maneuvers in LEO as well as proximity operation maneuvers. The TILE propulsion system is the only microsystem available with the unparalleled SWaP system and it creates a propulsion system using a combination of safe, inert liquid propellant and mechanical design.
The satellite propulsion system market covered in this report is segmented -
1) By Type: Chemical Propulsion, Electric Propulsion, Hybrid Propulsion, Other Types
2) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO), Beyond Geosynchronous Orbit
3) By Application: Commercial Use, Science And Environment, National Security And Military, Meteorology, Other Applications
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=9300&type=discount
Major companies operating in the satellite propulsion system market report are Airbus SAS, Aerojet Rocketdyne Holdings Inc., Moog Inc., Busek Co Inc., Bellatrix Aerospace Private Limited, Exotrail SA, ENPULSION GmbH, Cobham Limited, Ball Corporation, The Boeing Company, Mitsubishi Electric Corporation, OHB System AG, Safran S A, Orbital Atk Inc., Thales Group, Northrop Grumman Corporation, CU Aerospace, Rocket Lab, Rafael Advanced Defense Systems Ltd., Ariane Group, General Dynamics Mission Systems, Blue Origin, Lockheed Martin Corporation, Bradford Space, Sierra Nevada Corporation, Clyde Space Ltd., Comtech AeroAstro Inc., Dawn Aerospace, Deep Space Industries, Firefly Aerospace, General Atomics Electromagnetic Systems .
Contents of the report:
1. Executive Summary
2. Satellite Propulsion System Market Report Structure
3. Satellite Propulsion System Market Trends And Strategies
4. Satellite Propulsion System Market - Macro Economic Scenario
5. Satellite Propulsion System Market Size And Growth
…..
27. Satellite Propulsion System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @
https://www.thebusinessresearchcompany.com/report/satellite-propulsion-system-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Satellite Propulsion System Global Market Report 2024 - By Demand, Share, Size And Industry Report, Outlook By 2033 here
News-ID: 3601132 • Views: …
More Releases from The Business research company
Emerging Sub-Segments Transforming the Hydraulic Filter Market Landscape
The hydraulic filter market is positioned for significant expansion over the coming years, driven by ongoing technological advancements and rising industry demands. This sector is evolving to meet stricter standards and customer needs, positioning itself as a crucial component in maintaining hydraulic system efficiency and longevity. Let's explore the current market valuation, leading companies, key trends, and segment analysis shaping the future of hydraulic filters.
Projected Growth and Market Size of…
Market Trend Analysis: The Impact of Recent Innovations on the Hybrid Valve Mark …
The hybrid valve market is positioned for significant expansion over the coming years, driven by advancements in technology and increasing industrial demands. As automation and smart systems become more integral to various sectors, hybrid valves are gaining traction due to their versatility and enhanced performance. This overview explores market valuations, key players, emerging trends, and segmentation to provide a clear picture of the hybrid valve industry's future.
Projected Market Value and…
Segmentation Analysis, Market Trends, and Competitive Landscape in the Hot Runne …
The hot runner temperature controller market is on track for notable expansion over the coming years, driven by advancements in manufacturing technology and increasing demand for precision in plastic molding processes. This sector is evolving rapidly as industries adopt smarter, more efficient systems to improve production quality and sustainability. Let's explore the market's size forecast, key players, emerging trends, and detailed segmentation to understand its future trajectory.
Growth Outlook for the…
Leading Companies Reinforcing Their Presence in the High Volume Dispensing Syste …
The high volume dispensing systems market is gaining considerable attention as industries increasingly seek precise and efficient material handling solutions. With rising demand for automation and smart manufacturing practices, this sector is set to experience substantial growth in the coming years. Let's explore the market's size projections, key players, driving factors, and emerging trends shaping its future.
Projected Market Size Growth for High Volume Dispensing Systems
The high volume dispensing systems…
More Releases for Propulsion
Satellite Propulsion System Market
The global Satellite Propulsion System Market is entering a high-growth phase as nations and private space ventures push deeper into space exploration, satellite deployments, and advanced orbital maneuvers. These critical propulsion systems - which control spacecraft positioning, orbit maintenance, and attitude control - are fundamental to the performance, longevity, and cost-efficiency of satellites used for communications, earth observation, navigation, and scientific missions. According to Market Research Future analysis, the satellite…
Global Marine Propulsion Market Size by Application, Type, and Geography: Foreca …
According to Market Research Intellect, the global Marine Propulsion market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The marine propulsion market is growing as global maritime trade and naval operations continue to rise. Increased shipbuilding activities…
Global Space Propulsion Market Size by Application, Type, and Geography: Forecas …
According to Market Research Intellect, the global Space Propulsion market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The space propulsion market is witnessing accelerated growth, driven by increased satellite launches, deep-space exploration missions, and private investments…
Rocket Propulsion Market
The "Rocket Propulsion Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Rocket Propulsion Market, 2024-2031
Verified Market Research's most recent report, "Rocket Propulsion Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination…
Satellite Propulsion - Complete PDF Guide
The satellite propulsion market is projected to reach US$ 26,074.53 million by 2031 from US$ 8,424.55 million in 2023; the market is expected to register a CAGR of 15.4% during 2023-2031. The growing space sector, owing to the rising number of satellites launches and the increasing number of strategic initiatives by market players, positively impacts the global satellite propulsion market. In addition, the growing focus on deploying satellite constellations, increasing…
Railway Propulsion Systems Market 2023
The report presents detailed information regarding the prominent players and potential competitors in the Railway Propulsion Systems market. It includes comprehensive insights into their worldwide presence, economic performance, strategies, upcoming product releases, research and development initiatives, and a SWOT analysis. Additionally, the report analyses revenue share and contact details for each player.
This comprehensive report aims to evaluate and forecast the market size for Fuel Monitoring Systems. It analyses revenue, growth…
