01-19-2018 03:03 PM CET - IT, New Media & Software

Electric Propulsion Satellite Market Globally Grow at a CAGR of 13.95% by Revenue During the Forecast Period 2017-2021

Press release from: Electric Propulsion Satellite Market
Market Research Report
Market Research Report

Researchmoz added Most up-to-date research on "Global Electric Propulsion Satellite Market 2017-2021" to its huge collection of research reports.

About Electric Propulsion Satellite
Electric-powered satellite propulsion system employs electrical energy to change the velocity of spacecraft. Most all-electric satellite propulsion systems work by electrically expelling propellant or reaction mass at high speed. The hybrid propulsion systems engage both chemical and electrical propulsion technologies. Conventional electric thrusters use less propellant than chemically powered propulsion systems as these have higher exhaust speeds, which operate at a higher specific impulse. However, the thrust generated by electric propulsion remains much weaker compared with its counterparts. Nevertheless, electric propulsion technology can ensure a small thrust for a longer period of time, which makes such technologies ideal for deep space exploration. Also, over a period of operation, such propulsion systems can feature high speed and thereby, ensure effective performance.

Technavios analysts forecast the global electric propulsion satellite market to grow at a CAGR of 13.95% during the period 2017-2021.

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Covered in this report
The report covers the present scenario and the growth prospects of the global electric propulsion satellite market for 2017-2021. To calculate the market size, the report considers the revenue generated from the procurement of hybrid propulsion satellite (the ones which used both chemical and electric propulsion technology) and all-electric satellites.

The market is divided into the following segments based on geography:

Technavio's report, Global Electric Propulsion Satellite Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Orbital ATK

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Other prominent vendors
Ball Aerospace
Lockheed Martin
Mitsubishi Electric

Market driver
Growing preference for hosted payload.
For a full, detailed list, view our report

Market challenge
Growing issues of space debris and deorbiting challenges.
For a full, detailed list, view our report

Market trend
Use of nano and microsatellites for maintenance of bigger satellites.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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