Electric Propulsion Satellite Market Transforms Space Tech with Iodine & U.S. Manufacturing Till 2031 | Boosted by Japan's Investment in In-Space Refueling Tech

Global Electric Propulsion Satellites Films Market reached US$ 39.10 billion in 2023 and is expected to reach US$ 95.23 billion by 2031, growing with a CAGR of 11.77% during the forecast period 2024-2031.

Latest News in Japan:

➠ Japan Accelerates Water-Based Propulsion Innovation for Satellites

✦ Pale Blue Secures SBIR-3 Grant: Under a multiphase Japanese government program announced on Feb. 6, Pale Blue is developing water-plasma propulsion systems for spacecraft weighing up to 500 kg.

✦ Pioneering Water-Based Ion & Hall Thrusters: While others like Radford Space and Aerospace Corp have explored steam propulsion, Pale Blue aims to be the first to demonstrate ion and Hall effect thrusters using water as a propellant.

✦ Prototype Milestone by September 2025: The first phase of the SBIR-3 grant is set to conclude by September 2025, with thruster prototypes ready for potential demo missions in 2027 or 2028.

✦ Scaling Production for Resistojet Thrusters: In October 2024, Pale Blue raised $7.5 million to begin large-scale production of its Resistojet thrusters, already contracted by clients like Yonsei University in South Korea.

✦ Selected for Japan's K Program: Astroscale Japan will lead a 5-year, JPY 12 billion project to develop in-space refueling under the prestigious "K Program" for advanced technology R&D.

✦ Extending Satellite Lifespans: The initiative focuses on chemical propellant refueling for prepared satellites in low Earth orbit, with future scalability to geostationary and Electric Propulsion Systems.

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The Electric Propulsion Satellite Market refers to the segment of the space industry focused on satellites that use electric propulsion systems instead of traditional chemical thrusters. These systems offer improved fuel efficiency, extended mission lifespans, and lower launch costs, making them ideal for communication, navigation, Earth observation, and scientific missions.

List of the Key Players in the Electric Propulsion Satellite Market:

Accion Systems, Ad Astra Rocket, L3Harris Technologies, Inc., Safran Group, Airbus, ArianeGroup, Boeing, Lockheed Martin and Northrop Grumman and Thales.

Industry Development:

In November 2024, ThrustMe and Airbus Defence and Space, with backing from ESA and CNES, initiated the IPISC project to evaluate iodine as a cost-effective alternative to traditional noble gases like xenon for satellite propulsion. The project targets satellites weighing over 500 kg and focuses on assessing iodine's long-term effects on satellite materials and components to support extended-duration space missions.

In October 2024, ISRO announced the launch of its first spacecraft equipped with electric propulsion, a milestone that enables significant reductions in satellite mass. The space agency also outlined its ambitious mission roadmap, which includes Gaganyaan in 2026, Chandrayaan-4 in 2028, and Chandrayaan-5 beyond 2028. Additionally, the Indo-US NISAR satellite, designed to enhance Earth imaging capabilities, is scheduled for launch in February.

In August 2024, Safran expanded its presence in the U.S. by establishing a new manufacturing plant in Colorado dedicated to producing the EPS®X00 electric propulsion system. This "Made-in-the-USA" initiative is strategically aligned with the growing North American small satellite market, which is projected to exceed US$ 5 billion by 2030.

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Research Process:

Both primary and secondary data sources have been used in the global Electric Propulsion Satellite Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Electric Propulsion Satellite Market:

By Orbit: Low Earth Orbit (Up to-2,000 KM), Medium Earth Orbit (2,000-35,000 KM), Geostationary Orbit (More than 35,000 KM)

By Type: Full Electric, Hybrid

By Size: Small Satellites (Up to 250 KG), Medium Satellites (250-500 KG), Large Satellites (More than 500 KG)

By Application: Earth Observation & Sciences, Navigation, Telecommunication, Astronomy, Interplanetary & Space Exploration, Others

By End-User: Government, Defence, Research Institute, Cosmetics & Personal Care, Automotive, Electrical and Electronics, Others

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Regional Analysis for Electric Propulsion Satellite Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Electric Propulsion Satellite market?

➠ Who are the leading manufacturers in the global Electric Propulsion Satellite industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Electric Propulsion Satellite industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Electric Propulsion Satellite market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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