The global LEO-driven satellite propulsion technology market is projected 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.

New York, 07 Oct 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “LEO-Driven Satellite Propulsion Technology Market – A Global and Regional Analysis: Focus on the End User, the Application, Propulsion Type, Satellite Mass, Component, Orbit, Propellant Type and Country – Analysis and Forecast, 2021-2031 “- https://www.reportlinker.com/p06169597/?utm_source=GNW
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.

Market segmentation

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 Driven 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

201-600kg is one of the major segments and is expected to grow year by year due to the increase in small satellite constellations from various key manufacturers such as SPACE X, Amazon, Cloud Constellation, Urthecast and ISRO among others.

Component 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 a significant number of region-based companies, increased spending by government organizations and commercials 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 Corporation, Lockheed Martin Corporation, L3Harris Technologies, Inc., Moog Inc., Nano Avionics, Northrop Grumman Corporation, OHB SE, Safran, Space Exploration Technologies Corp. (SpaceX), Thales Group

The companies featured in the report were selected after in-depth interviews with experts and include details of the companies such as product portfolios, annual revenue, market penetration, research and development initiatives, and national presence and international in LEO-driven satellite propulsion. technology market.

Covered countries
• North America
• WE
• Canada
• Europe
• Germany
• Russia
• UK
• The rest of Europe
• Asia Pacific
• China
• India
• Australia
• Japan
• Rest of Asia-Pacific
• Rest of the world
• Latin America
• Middle East and Africa (MEA)
Read the full report: https://www.reportlinker.com/p06169597/?utm_source=GNW

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