The global Electric Propulsion Satellites market was valued at 31.79 Million USD in 2021 and will grow with a CAGR of 27.31% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Electric Propulsion (EP) is a class of space propulsion which makes use of electrical power to accelerate a propellant by different possible electrical and/or magnetic means. The use of electrical power enhances the propulsive performances of the EP thrusters compared with conventional chemical thrusters. Unlike chemical systems, electric propulsion requires very little mass to accelerate a spacecraft. Worldwide, there are a little Electric Propulsion Satellite manufacturers; and there is growing number of enterprises are entering the market attracted by the market potential. ArianeGroup, Busek Co and SITAEL are the top there manufacturers of Electric Propulsion Satellite in the market currently; they account more than half of the market total production volume of Electric Propulsion Satellite. North America and Europe are the largest markets of Electric Propulsion Satellite currently; but the market of Electric Propulsion Satellite in China is forecasted to experience a higher growth speed in the following years due to the growing downstream demand.

By Market Verdors:

ArianeGroup

Busek Co. Inc.

SITAEL

Accion Systems Inc.

HELMET

By Types:

Hall Effect Thruster (HET)

Pulsed Plasma Thruster (PPT)

By Applications:

Nano Satellite

Microsatellite

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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