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Electric Propulsion System - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

Published Date: March 2024

Report Code: QYRE-Auto-0N2784

Global Electric Propulsion System Market Size Status and Forecast 2021 2027

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Electric Propulsion System - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

Code: QYRE-Auto-0N2784

Report

March 2024

Pages:90

QYResearch

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DESCRIPTION

TABLE OF CONTENT

TABLES & FIGURES

FEATURED COMPANIES

Aerospace Corporation

SITAEL

Bellatrix Aerospace

Busek Co. Inc.

Accion Systems Inc.

Electric Propulsion System - Market Size

The global market for Electric Propulsion System was estimated to be worth US$ 409 million in 2023 and is forecast to a readjusted size of US$ 1690 million by 2030 with a CAGR of 22.2% during the forecast period 2024-2030

Electric Propulsion System - Market

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. An electrically powered spacecraft propulsion system uses electrical energy to change the velocity of a spacecraft. Most of these kinds of spacecraft propulsion systems work by electrically expelling propellant at high speed. This report focus on Electric propulsion on the nano and microsatellite market.

Global Electric Propulsion System key players include Aerospace Corporation, SITAEL, Bellatrix Aerospace, Busek, Accion Systems, etc. Global top five manufacturers hold a share about 80%. United States is the largest market, with a share about 60%, followed by Europe, with a share about 25 percent. In terms of product, HET is the largest segment, with a share about 60%. And in terms of application, the largest application is Microsatellite, followed by Nano Satellite.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Electric Propulsion System, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Electric Propulsion System by region & country, by Type, and by Application.

The Electric Propulsion System market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Propulsion System.

Market Segmentation

Scope of Electric Propulsion System - Market Report

Report Metric	Details
Report Name	Electric Propulsion System - Market
Forecasted market size in 2030	US$ 1690 million
CAGR	22.2%
Forecasted years	2024 - 2030
Segment by Type:	Gridded Ion Engine (GIE) Hall Effect Thruster (HET) High Efficiency Multistage Plasma Thruster (HEMPT) Pulsed Plasma Thruster (PPT) Other
Segment by Application	Nano Satellite Microsatellite
By Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Rest of Europe Nordic Countries Asia-Pacific (China, Japan, South Korea) Southeast Asia (India, Australia) Rest of Asia Latin America (Mexico, Brazil) Rest of Latin America Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company	Aerospace Corporation, SITAEL, Bellatrix Aerospace, Busek Co. Inc., Accion Systems Inc.
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Electric Propulsion System manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Electric Propulsion System in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Electric Propulsion System in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

FAQ for this report

What is the Electric Propulsion System - Market size in 2030?

Ans: The Electric Propulsion System - Market size in 2030 will be US$ 1690 million.

What is the market share of major companies in Electric Propulsion System - Market?

Ans: Global top five manufacturers hold a share about 80%.

Who are the main players in the Electric Propulsion System - Market report?

Ans: The main players in the Electric Propulsion System - Market are Aerospace Corporation, SITAEL, Bellatrix Aerospace, Busek Co. Inc., Accion Systems Inc.

What are the Application segmentation covered in the Electric Propulsion System - Market report?

Ans: The Applications covered in the Electric Propulsion System - Market report are Nano Satellite, Microsatellite

What are the Type segmentation covered in the Electric Propulsion System - Market report?

Ans: The Types covered in the Electric Propulsion System - Market report are Gridded Ion Engine (GIE), Hall Effect Thruster (HET), High Efficiency Multistage Plasma Thruster (HEMPT), Pulsed Plasma Thruster (PPT), Other

1 Market Overview

1.1 Electric Propulsion System Product Introduction

1.2 Global Electric Propulsion System Market Size Forecast

1.3 Electric Propulsion System Market Trends & Drivers

1.3.1 Electric Propulsion System Industry Trends

1.3.2 Electric Propulsion System Market Drivers & Opportunity

1.3.3 Electric Propulsion System Market Challenges

1.3.4 Electric Propulsion System Market Restraints

1.4 Assumptions and Limitations

1.5 Study Objectives

1.6 Years Considered

2 Competitive Analysis by Company

2.1 Global Electric Propulsion System Players Revenue Ranking (2023)

2.2 Global Electric Propulsion System Revenue by Company (2019-2024)

2.3 Key Companies Electric Propulsion System Manufacturing Base Distribution and Headquarters

2.4 Key Companies Electric Propulsion System Product Offered

2.5 Key Companies Time to Begin Mass Production of Electric Propulsion System

2.6 Electric Propulsion System Market Competitive Analysis

2.6.1 Electric Propulsion System Market Concentration Rate (2019-2024)

2.6.2 Global 5 and 10 Largest Companies by Electric Propulsion System Revenue in 2023

2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Electric Propulsion System as of 2023)

2.7 Mergers & Acquisitions, Expansion

3 Segmentation by Type

3.1 Introduction by Type

3.1.1 Gridded Ion Engine (GIE)

3.1.2 Hall Effect Thruster (HET)

3.1.3 High Efficiency Multistage Plasma Thruster (HEMPT)

3.1.4 Pulsed Plasma Thruster (PPT)

3.1.5 Other

3.2 Global Electric Propulsion System Sales Value by Type

3.2.1 Global Electric Propulsion System Sales Value by Type (2019 VS 2023 VS 2030)

3.2.2 Global Electric Propulsion System Sales Value, by Type (2019-2030)

3.2.3 Global Electric Propulsion System Sales Value, by Type (%) (2019-2030)

4 Segmentation by Application

4.1 Introduction by Application

4.1.1 Nano Satellite

4.1.2 Microsatellite

4.2 Global Electric Propulsion System Sales Value by Application

4.2.1 Global Electric Propulsion System Sales Value by Application (2019 VS 2023 VS 2030)

4.2.2 Global Electric Propulsion System Sales Value, by Application (2019-2030)

4.2.3 Global Electric Propulsion System Sales Value, by Application (%) (2019-2030)

5 Segmentation by Region

5.1 Global Electric Propulsion System Sales Value by Region

5.1.1 Global Electric Propulsion System Sales Value by Region: 2019 VS 2023 VS 2030

5.1.2 Global Electric Propulsion System Sales Value by Region (2019-2024)

5.1.3 Global Electric Propulsion System Sales Value by Region (2025-2030)

5.1.4 Global Electric Propulsion System Sales Value by Region (%), (2019-2030)

5.2 North America

5.2.1 North America Electric Propulsion System Sales Value, 2019-2030

5.2.2 North America Electric Propulsion System Sales Value by Country (%), 2023 VS 2030

5.3 Europe

5.3.1 Europe Electric Propulsion System Sales Value, 2019-2030

5.3.2 Europe Electric Propulsion System Sales Value by Country (%), 2023 VS 2030

5.4 Asia Pacific

5.4.1 Asia Pacific Electric Propulsion System Sales Value, 2019-2030

5.4.2 Asia Pacific Electric Propulsion System Sales Value by Country (%), 2023 VS 2030

5.5 South America

5.5.1 South America Electric Propulsion System Sales Value, 2019-2030

5.5.2 South America Electric Propulsion System Sales Value by Country (%), 2023 VS 2030

5.6 Middle East & Africa

5.6.1 Middle East & Africa Electric Propulsion System Sales Value, 2019-2030

5.6.2 Middle East & Africa Electric Propulsion System Sales Value by Country (%), 2023 VS 2030

6 Segmentation by Key Countries/Regions

6.1 Key Countries/Regions Electric Propulsion System Sales Value Growth Trends, 2019 VS 2023 VS 2030

6.2 Key Countries/Regions Electric Propulsion System Sales Value

6.3 United States

6.3.1 United States Electric Propulsion System Sales Value, 2019-2030

6.3.2 United States Electric Propulsion System Sales Value by Type (%), 2023 VS 2030

6.3.3 United States Electric Propulsion System Sales Value by Application, 2023 VS 2030

6.4 Europe

6.4.1 Europe Electric Propulsion System Sales Value, 2019-2030

6.4.2 Europe Electric Propulsion System Sales Value by Type (%), 2023 VS 2030

6.4.3 Europe Electric Propulsion System Sales Value by Application, 2023 VS 2030

6.5 China

6.5.1 China Electric Propulsion System Sales Value, 2019-2030

6.5.2 China Electric Propulsion System Sales Value by Type (%), 2023 VS 2030

6.5.3 China Electric Propulsion System Sales Value by Application, 2023 VS 2030

6.6 Japan

6.6.1 Japan Electric Propulsion System Sales Value, 2019-2030

6.6.2 Japan Electric Propulsion System Sales Value by Type (%), 2023 VS 2030

6.6.3 Japan Electric Propulsion System Sales Value by Application, 2023 VS 2030

6.7 South Korea

6.7.1 South Korea Electric Propulsion System Sales Value, 2019-2030

6.7.2 South Korea Electric Propulsion System Sales Value by Type (%), 2023 VS 2030

6.7.3 South Korea Electric Propulsion System Sales Value by Application, 2023 VS 2030

6.8 Southeast Asia

6.8.1 Southeast Asia Electric Propulsion System Sales Value, 2019-2030

6.8.2 Southeast Asia Electric Propulsion System Sales Value by Type (%), 2023 VS 2030

6.8.3 Southeast Asia Electric Propulsion System Sales Value by Application, 2023 VS 2030

6.9 India

6.9.1 India Electric Propulsion System Sales Value, 2019-2030

6.9.2 India Electric Propulsion System Sales Value by Type (%), 2023 VS 2030

6.9.3 India Electric Propulsion System Sales Value by Application, 2023 VS 2030

7 Company Profiles

7.1 Aerospace Corporation

7.1.1 Aerospace Corporation Profile

7.1.2 Aerospace Corporation Main Business

7.1.3 Aerospace Corporation Electric Propulsion System Products, Services and Solutions

7.1.4 Aerospace Corporation Electric Propulsion System Revenue (US$ Million) & (2019-2024)

7.1.5 Aerospace Corporation Recent Developments

7.2 SITAEL

7.2.1 SITAEL Profile

7.2.2 SITAEL Main Business

7.2.3 SITAEL Electric Propulsion System Products, Services and Solutions

7.2.4 SITAEL Electric Propulsion System Revenue (US$ Million) & (2019-2024)

7.2.5 SITAEL Recent Developments

7.3 Bellatrix Aerospace

7.3.1 Bellatrix Aerospace Profile

7.3.2 Bellatrix Aerospace Main Business

7.3.3 Bellatrix Aerospace Electric Propulsion System Products, Services and Solutions

7.3.4 Bellatrix Aerospace Electric Propulsion System Revenue (US$ Million) & (2019-2024)

7.3.5 Busek Co. Inc. Recent Developments

7.4 Busek Co. Inc.

7.4.1 Busek Co. Inc. Profile

7.4.2 Busek Co. Inc. Main Business

7.4.3 Busek Co. Inc. Electric Propulsion System Products, Services and Solutions

7.4.4 Busek Co. Inc. Electric Propulsion System Revenue (US$ Million) & (2019-2024)

7.4.5 Busek Co. Inc. Recent Developments

7.5 Accion Systems Inc.

7.5.1 Accion Systems Inc. Profile

7.5.2 Accion Systems Inc. Main Business

7.5.3 Accion Systems Inc. Electric Propulsion System Products, Services and Solutions

7.5.4 Accion Systems Inc. Electric Propulsion System Revenue (US$ Million) & (2019-2024)

7.5.5 Accion Systems Inc. Recent Developments

8 Industry Chain Analysis

8.1 Electric Propulsion System Industrial Chain

8.2 Electric Propulsion System Upstream Analysis

8.2.1 Key Raw Materials

8.2.2 Raw Materials Key Suppliers

8.2.3 Manufacturing Cost Structure

8.3 Midstream Analysis

8.4 Downstream Analysis (Customers Analysis)

8.5 Sales Model and Sales Channels

8.5.1 Electric Propulsion System Sales Model

8.5.2 Sales Channel

8.5.3 Electric Propulsion System Distributors

9 Research Findings and Conclusion

10 Appendix

10.1 Research Methodology

10.1.1 Methodology/Research Approach

10.1.2 Data Source

10.2 Author Details

10.3 Disclaimer

FEATURED COMPANIES

Aerospace Corporation

SITAEL

Bellatrix Aerospace

Busek Co. Inc.

Accion Systems Inc.

List of Tables

Table 1. Electric Propulsion System Market Trends

Table 2. Electric Propulsion System Market Drivers & Opportunity

Table 3. Electric Propulsion System Market Challenges

Table 4. Electric Propulsion System Market Restraints

Table 5. Global Electric Propulsion System Revenue by Company (2019-2024) & (US$ Million)

Table 6. Global Electric Propulsion System Revenue Market Share by Company (2019-2024)

Table 7. Key Companies Electric Propulsion System Manufacturing Base Distribution and Headquarters

Table 8. Key Companies Electric Propulsion System Product Type

Table 9. Key Companies Time to Begin Mass Production of Electric Propulsion System

Table 10. Global Electric Propulsion System Companies Market Concentration Ratio (CR5 and HHI)

Table 11. Global Top Companies Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Electric Propulsion System as of 2023)

Table 12. Mergers & Acquisitions, Expansion Plans

Table 13. Global Electric Propulsion System Sales Value by Type: 2019 VS 2023 VS 2030 (US$ Million)

Table 14. Global Electric Propulsion System Sales Value by Type (2019-2024) & (US$ Million)

Table 15. Global Electric Propulsion System Sales Value by Type (2025-2030) & (US$ Million)

Table 16. Global Electric Propulsion System Sales Market Share in Value by Type (2019-2024) & (%)

Table 17. Global Electric Propulsion System Sales Market Share in Value by Type (2025-2030) & (%)

Table 18. Global Electric Propulsion System Sales Value by Application: 2019 VS 2023 VS 2030 (US$ Million)

Table 19. Global Electric Propulsion System Sales Value by Application (2019-2024) & (US$ Million)

Table 20. Global Electric Propulsion System Sales Value by Application (2025-2030) & (US$ Million)

Table 21. Global Electric Propulsion System Sales Market Share in Value by Application (2019-2024) & (%)

Table 22. Global Electric Propulsion System Sales Market Share in Value by Application (2025-2030) & (%)

Table 23. Global Electric Propulsion System Sales Value by Region: 2019 VS 2023 VS 2030 (US$ Million)

Table 24. Global Electric Propulsion System Sales Value by Region (2019-2024) & (US$ Million)

Table 25. Global Electric Propulsion System Sales Value by Region (2025-2030) & (US$ Million)

Table 26. Global Electric Propulsion System Sales Value by Region (2019-2024) & (%)

Table 27. Global Electric Propulsion System Sales Value by Region (2025-2030) & (%)

Table 28. Key Countries/Regions Electric Propulsion System Sales Value Growth Trends, (US$ Million): 2019 VS 2023 VS 2030

Table 29. Key Countries/Regions Electric Propulsion System Sales Value, (2019-2024) & (US$ Million)

Table 30. Key Countries/Regions Electric Propulsion System Sales Value, (2025-2030) & (US$ Million)

Table 31. Aerospace Corporation Basic Information List

Table 32. Aerospace Corporation Description and Business Overview

Table 33. Aerospace Corporation Electric Propulsion System Products, Services and Solutions

Table 34. Revenue (US$ Million) in Electric Propulsion System Business of Aerospace Corporation (2019-2024)

Table 35. Aerospace Corporation Recent Developments

Table 36. SITAEL Basic Information List

Table 37. SITAEL Description and Business Overview

Table 38. SITAEL Electric Propulsion System Products, Services and Solutions

Table 39. Revenue (US$ Million) in Electric Propulsion System Business of SITAEL (2019-2024)

Table 40. SITAEL Recent Developments

Table 41. Bellatrix Aerospace Basic Information List

Table 42. Bellatrix Aerospace Description and Business Overview

Table 43. Bellatrix Aerospace Electric Propulsion System Products, Services and Solutions

Table 44. Revenue (US$ Million) in Electric Propulsion System Business of Bellatrix Aerospace (2019-2024)

Table 45. Bellatrix Aerospace Recent Developments

Table 46. Busek Co. Inc. Basic Information List

Table 47. Busek Co. Inc. Description and Business Overview

Table 48. Busek Co. Inc. Electric Propulsion System Products, Services and Solutions

Table 49. Revenue (US$ Million) in Electric Propulsion System Business of Busek Co. Inc. (2019-2024)

Table 50. Busek Co. Inc. Recent Developments

Table 51. Accion Systems Inc. Basic Information List

Table 52. Accion Systems Inc. Description and Business Overview

Table 53. Accion Systems Inc. Electric Propulsion System Products, Services and Solutions

Table 54. Revenue (US$ Million) in Electric Propulsion System Business of Accion Systems Inc. (2019-2024)

Table 55. Accion Systems Inc. Recent Developments

Table 56. Key Raw Materials Lists

Table 57. Raw Materials Key Suppliers Lists

Table 58. Electric Propulsion System Downstream Customers

Table 59. Electric Propulsion System Distributors List

Table 60. Research Programs/Design for This Report

Table 61. Key Data Information from Secondary Sources

Table 62. Key Data Information from Primary Sources

Table 63. Business Unit and Senior & Team Lead Analysts

List of Figures

Figure 1. Electric Propulsion System Product Picture

Figure 2. Global Electric Propulsion System Sales Value, 2019 VS 2023 VS 2030 (US$ Million)

Figure 3. Global Electric Propulsion System Sales Value (2019-2030) & (US$ Million)

Figure 4. Electric Propulsion System Report Years Considered

Figure 5. Global Electric Propulsion System Players Revenue Ranking (2023) & (US$ Million)

Figure 6. The 5 and 10 Largest Manufacturers in the World: Market Share by Electric Propulsion System Revenue in 2023

Figure 7. Electric Propulsion System Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2019 VS 2023

Figure 8. Gridded Ion Engine (GIE) Picture

Figure 9. Hall Effect Thruster (HET) Picture

Figure 10. High Efficiency Multistage Plasma Thruster (HEMPT) Picture

Figure 11. Pulsed Plasma Thruster (PPT) Picture

Figure 12. Other Picture

Figure 13. Global Electric Propulsion System Sales Value by Type (2019 VS 2023 VS 2030) & (US$ Million)

Figure 14. Global Electric Propulsion System Sales Value Market Share by Type, 2023 & 2030

Figure 15. Product Picture of Nano Satellite

Figure 16. Product Picture of Microsatellite

Figure 17. Global Electric Propulsion System Sales Value by Application (2019 VS 2023 VS 2030) & (US$ Million)

Figure 18. Global Electric Propulsion System Sales Value Market Share by Application, 2023 & 2030

Figure 19. North America Electric Propulsion System Sales Value (2019-2030) & (US$ Million)

Figure 20. North America Electric Propulsion System Sales Value by Country (%), 2023 VS 2030

Figure 21. Europe Electric Propulsion System Sales Value (2019-2030) & (US$ Million)

Figure 22. Europe Electric Propulsion System Sales Value by Country (%), 2023 VS 2030

Figure 23. Asia Pacific Electric Propulsion System Sales Value (2019-2030) & (US$ Million)

Figure 24. Asia Pacific Electric Propulsion System Sales Value by Country (%), 2023 VS 2030

Figure 25. South America Electric Propulsion System Sales Value (2019-2030) & (US$ Million)

Figure 26. South America Electric Propulsion System Sales Value by Country (%), 2023 VS 2030

Figure 27. Middle East & Africa Electric Propulsion System Sales Value (2019-2030) & (US$ Million)

Figure 28. Middle East & Africa Electric Propulsion System Sales Value by Country (%), 2023 VS 2030

Figure 29. Key Countries/Regions Electric Propulsion System Sales Value (%), (2019-2030)

Figure 30. United States Electric Propulsion System Sales Value, (2019-2030) & (US$ Million)

Figure 31. United States Electric Propulsion System Sales Value by Type (%), 2023 VS 2030

Figure 32. United States Electric Propulsion System Sales Value by Application (%), 2023 VS 2030

Figure 33. Europe Electric Propulsion System Sales Value, (2019-2030) & (US$ Million)

Figure 34. Europe Electric Propulsion System Sales Value by Type (%), 2023 VS 2030

Figure 35. Europe Electric Propulsion System Sales Value by Application (%), 2023 VS 2030

Figure 36. China Electric Propulsion System Sales Value, (2019-2030) & (US$ Million)

Figure 37. China Electric Propulsion System Sales Value by Type (%), 2023 VS 2030

Figure 38. China Electric Propulsion System Sales Value by Application (%), 2023 VS 2030

Figure 39. Japan Electric Propulsion System Sales Value, (2019-2030) & (US$ Million)

Figure 40. Japan Electric Propulsion System Sales Value by Type (%), 2023 VS 2030

Figure 41. Japan Electric Propulsion System Sales Value by Application (%), 2023 VS 2030

Figure 42. South Korea Electric Propulsion System Sales Value, (2019-2030) & (US$ Million)

Figure 43. South Korea Electric Propulsion System Sales Value by Type (%), 2023 VS 2030

Figure 44. South Korea Electric Propulsion System Sales Value by Application (%), 2023 VS 2030

Figure 45. Southeast Asia Electric Propulsion System Sales Value, (2019-2030) & (US$ Million)

Figure 46. Southeast Asia Electric Propulsion System Sales Value by Type (%), 2023 VS 2030

Figure 47. Southeast Asia Electric Propulsion System Sales Value by Application (%), 2023 VS 2030

Figure 48. India Electric Propulsion System Sales Value, (2019-2030) & (US$ Million)

Figure 49. India Electric Propulsion System Sales Value by Type (%), 2023 VS 2030

Figure 50. India Electric Propulsion System Sales Value by Application (%), 2023 VS 2030

Figure 51. Electric Propulsion System Industrial Chain

Figure 52. Electric Propulsion System Manufacturing Cost Structure

Figure 53. Channels of Distribution (Direct Sales, and Distribution)

Figure 54. Bottom-up and Top-down Approaches for This Report

Figure 55. Data Triangulation

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