DUBLIN, 25 November 2021 / PRNewswire / – The “LEO-Driven Satellite Propulsion Technology Market – A Global and Regional Analysis: Focus on End User, Application, Type of Propulsion, Satellite Mass, Component, orbit, thruster type and country – Analysis and forecast, 2021-2031 “the report was added to ResearchAndMarkets.com offer.
Global LEO Focused Satellite Propulsion Technology Market Expected To Reach $ 13,212.7 million by 2031, with a CAGR of 6.98% during the forecast period 2021-2031.
The growing number of satellite constellations for applications such as communication, technological development, Earth observation and remote sensing are expected to be the main driving factors of the market. In addition, the increasing demand for building efficient propulsion systems at low cost is a key driver for the growth of the global LEO-driven satellite propulsion technology market.
Industry Overview of LEO-Driven Satellite Propulsion Technology
Currently, many space agencies and commercial companies around the world are focused on the development of constellations of low Earth orbit (LEO) satellites. This will stimulate the propulsion system market. In addition, the increase in research and development activities to develop cost-effective propulsion technologies and the advancement of 3D printing technology for the development of satellite propulsion system components are other factors contributing to the growth of the market. LEO-driven satellite propulsion technology market.
LEO Focused Satellite Propulsion Technology Market
Between 1957 and 2021, many governments and commercial organizations such as SpaceX, Ariane Space, the European Space Agency (ESA), the National Aeronautics and Space Administration (NASA) and the Japan Aerospace Exploration Agency (JAXA), among others, have started demonstrating a new propulsion system for various satellites in low earth orbit (LEO). Since then, technology has never stopped evolving and has transformed the entire space industry by developing unique products and systems.
LEO driven satellite propulsion technology by end user
The commercial end-user segment is estimated to dominate the global LEO-driven satellite propulsion technology market due to the increasing development of small constellations of satellites for communication, remote sensing, Earth observation and navigation. by commercial industries.
LEO Focused Satellite Propulsion Technology By Application
The market is currently flourishing with the development of small satellites for communication missions. Companies and space agencies aim to develop long-range, high-capacity, cost-effective communication constellations using small satellites.
LEO driven satellite propulsion technology by propulsion type
Electric propulsion is the most important propulsion system contributing to the global LEO-driven satellite propulsion technology market. It is predicted that by 2031, the penetration of the electric satellite market will reach more than 40% in all satellite launches.
However, the high cost, the complexity of development and the low thrust capacity are holding back the growth of the segment of electric propulsion systems. However, technological advancements are expected to overcome these challenges, and electric propulsion systems are expected to experience tremendous growth.
Satellite mass-focused LEO propulsion technology
201-600 kg is one of the main segments and is expected to grow year by year due to the increase of small satellite constellations from various key manufacturers such as SPACE X, Amazon, Cloud Constellation, Urthecast and ISRO among others .
Component-driven LEO-driven satellite propulsion technology
With the increasing number of LEO-based satellite launches, it is expected that the requirements for thruster components will increase in the years to come.
LEO Focused Satellite Propulsion Technology by Region
North America is expected to account for the highest share of the global LEO-driven satellite propulsion technology market due to significant number of region-based companies, increased spending by government and commercial organizations such as the National Aeronautics and Space Administration (NASA), Aerojet Rocketdyne, Ariane Group, Exotrail, Space X and Enpulsion for LEO-based propulsion systems.
Key Market Players and Competition Summary
- Airbus SAS
- Ariane Group
- Aerojet Rocketdyne (acquired by Lockheed Martin Corp.)
- Busek Co inc.
- CU Aerospace
- IHI Company
- Lockheed Martin Company
- L3Harris Technologies, Inc.
- Moog Inc.
- Nano avionics
- Northrop Grumman Corporation
- OHB SE
- Space Exploration Technologies Corp. (SpaceX)
- Thales Group
Main topics covered:
1.1 Industry outlook
1.1.1 LEO-Driven Satellite Propulsion Technology Market: Overview
1.2 Current and emerging technological trends
1.2.1 Dipole drive
1.2.2 Space elevator propulsion by mechanical waves
1.2.3 Electric propulsion with solar sail
1.2.4 Electric propulsion with air recovery
1.2.5 Reusable propulsion system
1.3 Current and future projects
1.3.1 Green propellant infusion mission
1.4 Start-up and investment scenario
1.5 Supply chain analysis
1.6 Commercial dynamics
1.6.1 Business factors
126.96.36.199 Growing demand for small telecom and commercial Earth observation satellites in low Earth orbit (LEO)
188.8.131.52 Technological advancement towards the construction of an efficient and inexpensive propulsion system for satellites
1.6.2 Business challenges
184.108.40.206 Growing concern about the risk posed by orbital space debris resulting from the use of satellite mega-stellations
1.6.3 Business opportunities
220.127.116.11 Progress towards the creation of viable business activities from non-toxic or green (environmentally friendly) space thrusters
1.7 Business strategies
1.7.1 Partnerships, collaborations, agreements and contracts
1.7.2 Mergers and Acquisitions
2.1 LEO Focused Satellite Propulsion Technology Market (By End User)
2.1.1 Market Overview
18.104.22.168 LEO Focused Satellite Propulsion Technology Market Demand Analysis (by End User)
2.1.3 Defense and government
2.2 LEO-Focused Satellite Propulsion Technology Market (by Application)
22.214.171.124 LEO-Focused Satellite Propulsion Technology Market Demand Analysis (by Application)
2.2.3 Earth observation and remote sensing
2.2.4 Technological development
3.1 Global LEO-Focused Satellite Propulsion Technology Market (by Propulsion Type)
3.1.1 Market Overview
126.96.36.199 LEO-Focused Satellite Propulsion Technology Market Demand Analysis (by Propulsion Type)
3.2 Electric propulsion
3.2.1 Chemical propulsion system
3.2.2 Hybrid propulsion system
3.3 LEO-Focused Satellite Propulsion Technology Market (By Satellite Mass) 3.3
3.3.1 Market Overview
188.8.131.52 Market Demand Analysis of LEO-Driven Satellite Propulsion Technology (By Satellite Mass)
3.3.3 11-200 kg
3.3.4 201-600 kg
3.3.5 601-1,200 kg
3.4 LEO Focused Satellite Propulsion Technology Market (By Orbit)
3.4.1 Market Overview
184.108.40.206 Analysis of LEO-Driven Satellite Propulsion Technology (Orbit) Market Demand Analysis
3.4.2 LEO (solar synchronous orbit)
3.4.3 LEO (polar orbit)
3.4.4 LEO (Inclined Non-Polar)
3.5 LEO-Focused Satellite Propulsion Technology Market (by Component)
3.5.1 Market Overview
220.127.116.11 LEO Focused Satellite Propulsion Technology Market Demand Analysis (by Component)
3.5.3 Propellant tanks
3.5.4 Valves, pumps and regulators
3.5.5 Power processing unit
3.5.6 Thermal control of the propulsion
3.6 LEO-Focused Satellite Propulsion Technology Market (by Thruster Type)
3.6.1 Market Overview
18.104.22.168 LEO-Focused Satellite Propulsion Technology Market Demand Analysis (by Thruster Type)
4.1 Global LEO-Focused Satellite Propulsion Technology Market (by Region)
5 markets – Competitive benchmarking and company profiles
For more information on this report, visit https://www.researchandmarkets.com/r/xy9vwg
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