Satellite Propulsion Market Giants Spending Is Going to Boom

Satellite Propulsion Market

MarkNtel Advisors has released a research report on the Satellite Propulsion Market Size, Share, Analysis, Research, Report 2028. The research segment utilizes efficient methodologies to convey sales and revenue forecasts for the specified years, enhancing user understanding and supporting well-informed decision-making. Through a combination of qualitative and quantitative data, this report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. To familiarize both existing businesses and new entrants with the present market scenario, the report delivers detailed growth prospects for the industry and concise insights into competitors.

Satellite Propulsion Market Insights:

The Satellite Propulsion Market is expected to grow at around 6.7% CAGR during the forecast period, i.e., 2023-28.

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Global Satellite Propulsion Market Key Trend:

Rising Usage of Electric Propulsion Systems – The burgeoning research & development in the space field has resulted in the discovery of electric propulsion systems to be used in satellites. These electric propulsion systems are convenient to be used in comparison to the traditional chemical propulsion system because it reduces the fuel load capacity to be carried in the spacecraft, as with the use of an electric propulsion system, thrust can be created in ions using electricity. This, in turn, generates force and causes the satellite to move.

The ion propulsion system is an emerging technology that can be used in communication satellites. As communication satellites are generally lightweight, using an ion propulsion system reduces their overall weight, saving a lot of fuel costs while launching these satellites into Low Earth Orbit.

With the growing focus on weight reduction & effective usage of thrust for the longer lifecycle of the satellites, it is anticipated that the adoption of electric ion propulsion would assist the growth of the Global Satellite Propulsion market in the forecast years.

Leading Companies Operating in the Satellite Propulsion Industry:

-Moog Inc.

-Aliena Pte Ltd.

-Ariane Group

-Busek Co. Inc.

-Champaign Urbana Aerospace

-Neutron Star

-Northrop Grumman

-Orbion Space Technology

-Phase Four Inc.

-Sitael SPA

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Satellite Propulsion Market Categorization:

The Satellite Propulsion Market exhibits a high degree of fragmentation, categorizing into distinct segments as follows:

By System Type

-Bipropellant Propulsion System

-Monopropellant Propulsion System

-Ion-Thruster Propulsion Systems

By Application

-Application Satellite

–Communication & Broadcasting




-Science Satellite

-Technology Experiment Satellite

By End User


-Private Entities

By Region



-Asia Pacific

-Rest of the World

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization

Frequently Asked Questions (FAQs)

  • How are cost and profit estimations evolving within the Satellite Propulsion Industry?
  • How do factors such as supply and consumption contribute to the industry landscape?
  • How do import and export considerations influence the dynamics of the Satellite Propulsion Industry?
  • Which technological advancements are expected to influence the future of the Satellite Propulsion Market?
  • Who are the prominent players featured in the Satellite Propulsion Market research report?
  • What are the projected valuations in USD, and what is the CAGR for the forecasted years?

About Us:

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfill their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.

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tonny stark

tonny stark

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