DublinAnd November 25 2021 /PRNewswire/ – “LEO-focused Satellite Propulsion Technology Market – Global and Regional Analysis: End-User Focus, Application, Propulsion Type, Satellite Mass, Component, Orbit, Propulsion Type and Country – Analysis and Forecasting, 2021-2031” Report added to ResearchAndMarkets.com an offer.
The global LEO-focused satellite propulsion technology market is expected to reach $13,212.7 million By 2031, at a compound annual growth rate of 6.98% over the forecast period 2021-2031.
The increasing number of satellite towers for applications like telecommunications, technology development, Earth observation, and remote sensing are expected to be the main driving factors for the market. In addition, the increasing demand for building efficient, low-cost propulsion systems are the main drivers for the growth of the global LEO-focused satellite propulsion technology market.
An overview of the LEO-focused satellite propulsion technology industry
Currently, many space agencies and commercial companies around the world are focused on developing constellations of satellites in low Earth orbit (LEO). This will drive the market to the payment system. Moreover, increasing R&D activities to develop cost-effective propulsion technologies and advances in 3D printing technology to develop components for satellite propulsion systems are other factors contributing to the growth of the LEO-focused satellite propulsion technology market.
Focus On LEO Satellite Payment Technology Market
Between 1957 and 2021, many governments and commercial organizations such as SpaceX, arian spaceThe European Space Agency (ESA), the National Aeronautics and Space Administration (NASA) and the Japan Aerospace Exploration Agency (JAXA), among others, have started a demonstration of the new propulsion system for various satellites in Low Earth Orbit (LEO). Since then, technology has constantly evolved and transformed the entire aerospace industry by developing unique products and systems.
LEO-focused satellite propulsion technology by the end user
The commercial end user segment is estimated to dominate the global market for satellite propulsion technology focused on LEO due to the increasing development of small satellite constellations for communications, remote sensing, Earth observation and navigation by commercial industries.
Low Earth Orbit-focused satellite propulsion technology by application
The market is currently booming with the development of small satellites for communications missions. Companies and space agencies aim to develop long-range, high-capacity, and cost-effective communications towers using small satellites.
LEO-focused satellite propulsion technology by propulsion type
Electric propulsion is the most prominent propulsion system contributing to the global LEO-focused satellite propulsion technology market. It is expected that by 2031, the market penetration of electric satellites will grow to more than 40% in total satellite launches.
However, the high cost, development complexity, and low propulsion capacity are constraining the growth of the electric propulsion system segment. However, technological developments are expected to overcome these challenges, and electric propulsion systems are expected to experience exponential growth.
LEO-focused satellite propulsion technology by satellite mass
201-600kg is one of the leading segments and is expected to grow year by year due to the increase in small satellite constellations from several major manufacturers such as SPACE X, Amazon, Cloud Constellation, Urthecast and ISRO, among others.
LEO-focused satellite propulsion technology by component
With the increasing number of LEO-based satellite launches, the requirements for thruster components are expected to increase in the coming years.
LEO-focused satellite propulsion technology by region
North Amarica It is expected to capture the largest share of the global market for LEO-focused satellite propulsion technology, owing to the large number of companies present in the region, and increased spending by government and commercial organizations such as the National Aeronautics and Space Administration (NASA), Aerojet Rocketdyne and Ariane Group, Exotrail, Space X and Enpulsion for LEO based propulsion systems.
The major players in the market and competition summary
- Airbus SAS
- Ariane group
- Aerojet Rocketdyne (acquired by Lockheed Martin Corp.)
- Busek Co Inc.
- CU Aerospace
- IHI . company
- Lockheed Martin
- L3Harris Technologies, Inc.
- Moog Inc.
- nano avionics
- Northrop Grumman Corporation
- OHB SE
- Space Exploration Technologies Inc. (SpaceX)
- Thales Group
Main topics covered:
1.1 Industry Outlook
1.1.1 LEO Focused Satellite Propulsion Technology Market: An Overview
1.2 Current and emerging technology trends
1.2.1 Bipolar motor
1.2.2 The space elevator is propelled by mechanical waves
1.2.3 Electric Propulsion of the Solar Sail
1.2.4 Electric Air Propulsion
1.2.5 Reusable Payment System
1.3 Ongoing and upcoming projects
1.3.1 The mission of pumping green fuel
1.4 Startups and Investment Scenario
1.5 Supply Chain Analysis
1.6 Business Dynamics
1.6.1 Business Engines
18.104.22.168 Increasing demand for small and commercial communications satellites for Earth observation in Low Earth Orbit (LEO)
22.214.171.124 Technological progress towards building a low-cost and efficient satellite propulsion system
1.6.2 Business Challenges
126.96.36.199 Growing concern about the risks posed by orbital space debris from the use of massive satellite towers
1.6.3 Job Opportunities
188.8.131.52 Moving Towards Creating Viable Businesses From Non-Toxic or Green Space Fuels
1.7 Action Strategies
1.7.1 Partnerships, Collaborations, Agreements and Contracts
1.7.2 Mergers and Acquisitions
2.1 Low Earth Orbit Focused Satellite Propulsion Technology Market (by end user)
2.1.1 Market Overview
184.108.40.206 Demand Analysis of LEO Focused Satellite Propulsion Technology Market (by end user)
2.1.3 Defense and Government
2.2 Low Earth Orbit Focus Satellite Propulsion Technology Market (by Application)
220.127.116.11 Demand Analysis of LEO Focused Satellite Propulsion Technology Market (by Application)
2.2.3 Earth observation and remote sensing
2.2.4 Technology development
3.1 Global Low Earth Orbit Focused Satellite Propulsion Technology Market (by Propulsion Type)
3.1.1 Market Overview
18.104.22.168 Demand Analysis of LEO Focused Satellite Propulsion Technology Market (by Propulsion Type)
3.2 Electric propulsion
3.2.1 Chemical Propulsion System
3.2.2 Hybrid drive system
3.3 Satellite Propulsion Technology Market Focusing on Low Earth Orbit (by Satellite Mass)
3.3.1 Market Overview
22.214.171.124 Demand Analysis of LEO Focused Satellite Propulsion Technology Market (by satellite mass)
3.3.2 0-10 kg
3.3.3 11-200 kg
3.3.4 201-600 kg
3.3.5 601 – 1200 kg
3.4 Satellite Propulsion Technology Market Focusing on Low Earth Orbit (by Orbit)
3.4.1 Market Overview
126.96.36.199 Demand Analysis for LEO Focused Satellite Propulsion Technology Market (Via Orbit)
3.4.2 Sunsynchronous orbit (LEO)
3.4.3 LEO (Polar Orbit)
3.4.4 LEO (Nonpolar)
3.5 Satellite Propulsion Technology Market Focusing on Low Earth Orbit (by Components)
3.5.1 Market Overview
188.8.131.52 Demand Analysis of LEO Focused Satellite Propulsion Technology Market (by Components)
3.5.3 Fuel tanks
3.5.4 Valves, pumps and regulators
3.5.6 Thermal Thrust Control
3.6 Satellite Propulsion Technology Market Focusing on Low Earth Orbit (by Motive Type)
3.6.1 Market Overview
184.108.40.206 Demand Analysis of LEO Focused Satellite Propulsion Technology Market (by thruster type)
4.1 Global Low Earth Orbit 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
Research and Markets
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