Electric Propulsion Satellite Market Report 2025 (Global Edition)

Global Electric Propulsion Satellite Market Report 2025 Market Size Split by Mass Class (Small Satellite (0-500 kg), Medium Satellite (501-2, 200 kg), Large Satellite (Above 2, 201 kg)), by Mission Ty...

Electric Propulsion Satellite Market Report Description

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Electric Propulsion Satellite Market Insights Video

Competitive Landscape of the Electric Propulsion Satellite Market

A wide spectrum of competitors seeking market share through aggressive marketing campaigns, strategic alliances, and product innovation define the competitive environment of the electric propulsion satellite industry. Important participants in the market include well-known telecom providers, specialized providers of electric propulsion satellites, and up-and-coming startups hoping to upend the industry with creative ideas.

January 2022: Safran Aircraft Engines was given a contract by Thales Alenia Space to supply PPS5000 Plasma Thrusters for six Galileo Second-Generation Navigation Satellites (GNSS). By early 2023, the first PPS5000 thrusters will be supplied, enabling the first Galileo navigation satellite to be launched by late 2024. (Source:https://www.safran-group.com/pressroom/safran-ppsr5000-plasma-thruster-chosen-new-galileo-satellites-2022-01-26) March 2021: Airbus was chosen by Eutelsat to produce EUTELSAT 36D, the company's 26th next-generation multi-mission geostationary satellite for communications. The satellite's all-electric propulsion systems were implemented on the Airbus Eurostar platform. (Source:https://www.airbus.com/en/newsroom/press-releases/2021-03-eutelsat-selects-airbus-for-key-orbital-slot-with-eutelsat-36d)

Top Companies Market Share in Electric Propulsion Satellite Industry: (In no particular order of Rank)

• Lockheed Martin Corporation (U.S.)
• Northrop Grumman Corporation (U.S.)
• Thales Group (France)
• The Boeing Company (U.S.)
• Airbus S.A.S. (France)
• OHB S.E. (Germany)
• INVAP S.E. (Argentina)
• Accion Systems Inc.
• Aerojet Rocketdyne Holding Inc. (U.S.)
• ArianeGroup GmbH (France)
• AeroAstro Inc. (U.S.)
• SSC Roscosmos (Russia)
• Safran Group (France)
• Sitael S.p.A. (Italy)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Electric Propulsion Satellite Market

Which Region Dominates the Electric Propulsion Satellite Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. The expanding demand for satellite-based services will promote the development of the regional market, and high federal budget allocations for new-generation military, civilian, and commercial satellite launches will support this trend. Numerous newcomers have prospered in the North American space sector since the space industry became commercialized in 2008. Moreover, a rise in the number of minor satellite launches is predicted to support market expansion over the projected period.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Electric Propulsion Satellite market due to several compelling reasons. ? The reason for this expansion is that regional space agencies and industry participants are investing more in research and development of domestic electric propulsion capabilities. Operations related to homeland security and defense also make extensive use of these technologies. An increase in budgetary allotment has propelled the development of electric propulsion satellites.

The current report Scope analyzes Electric Propulsion Satellite Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Electric Propulsion Satellite

According to Cognitive Market Research, the global Electric Propulsion Satellite market size was estimated at USD 14584.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 5833.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031

• According to Cognitive Market Research, the US had a major share in the Electric Propulsion Satellite market with a market size of USD 4602.77 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Because of substantial private sector investment in satellite technology, robust government support, and cutting-edge aeronautical technology, the US leads the world.
• The Canada Electric Propulsion Satellite market had a market share of USD 700.04 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Canada's main driving forces include its proficiency in satellite communications, government support for R&D, and cooperation with foreign partners.
• The Mexico Electric Propulsion Satellite market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 530.86 million in 2024.

Europe Electric Propulsion Satellite

According to Cognitive Market Research, the global Electric Propulsion Satellite market size was estimated at USD 14584.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 4375.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031

• The United Kingdom Electric Propulsion Satellite market had a market share of USD 735.04 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. The UK is strong in satellite production, excellent academic research, and solid collaborations with European and international space organizations.
• The France Electric Propulsion Satellite market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 402.52 million in 2024.
• According to Cognitive Market Research, the Germany Electric Propulsion Satellite market size was valued at USD 866.30 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Germany is a leader in engineering and technology, and by collaborating with research institutions and emphasizing innovation, it has developed a powerful satellite industry.
• The Italy Electric Propulsion Satellite market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 376.27 million in 2024.
• The Russia Electric Propulsion Satellite market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 678.17 million in 2024.
• The Spain Electric Propulsion Satellite market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 358.77 million in 2024
• The Luxembourg Electric Propulsion Satellite market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 135.63 million in 2024.
• The Portugal Electric Propulsion Satellite market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 91.88 million in 2024.
• The Greece Electric Propulsion Satellite market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 52.50 million in 2024.
• Rest of Europe's Electric Propulsion Satellite market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 678.17 million in 2024.

Asia Pacific Electric Propulsion Satellite

According to Cognitive Market Research, the global Electric Propulsion Satellite market size was estimated at USD 14584.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 3354.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Electric Propulsion Satellite market size was valued at USD 1509.46 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. China's developing space program, large government expenditure, aspirations for space exploration, and concerns for national security are the main drivers of the country's explosive expansion in the electric propulsion satellite market.
• The Japan Electric Propulsion Satellite market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 462.90 million in 2024.
• The India Electric Propulsion Satellite market had a market share of USD 402.52 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. India concentrates on affordable satellite solutions, growing its satellite services, and utilizing the knowledge of ISRO (Indian Space Research Organisation) in satellite launches.
• The South Korea Electric Propulsion Satellite market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 335.44 million in 2024.
• The Australia Electric Propulsion Satellite market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 174.43 million in 2024.
• The South East Asia Electric Propulsion Satellite market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 231.45 million in 2024.
• The Rest of Asia Pacific Electric Propulsion Satellite market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 238.16 million in 2024.

South America Electric Propulsion Satellite

According to Cognitive Market Research, the global Electric Propulsion Satellite market size was estimated at USD 14584.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 729.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Electric Propulsion Satellite market size was valued at USD 312.10 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. The Brazilian government encourages creativity and collaborations with foreign space agencies by heavily funding space research and development.
• Argentina Electric Propulsion Satellite market had a market share of USD 122.51 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. Argentina's technological innovations in satellites, especially in association with its space agency CONAE (National Commission on Space Activities), are a contributing factor. Creating advanced satellite systems for scientific study and Earth observation is part of this.
• Colombia Electric Propulsion Satellite market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 64.90 million in 2024.
• Peru Electric Propulsion Satellite market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 59.80 million in 2024.
• Chile Electric Propulsion Satellite market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 52.50 million in 2024.
• The Rest of Latin America Electric Propulsion Satellite market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 117.40 million in 2024.

Middle East and Africa Electric Propulsion Satellite

According to Cognitive Market Research, the global Electric Propulsion Satellite market size was estimated at USD 14584.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 291.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031

• The GCC Countries Electric Propulsion Satellite market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 124.84 million in 2024. GCC countries make significant investments in space infrastructure as a means of expanding their economy, improving communication, and creating cutting-edge satellite technologies.
• The Egypt Electric Propulsion Satellite market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 30.63 million in 2024.
• The South Africa Electric Propulsion Satellite market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 46.09 million in 2024. Pioneering innovation through its space agency and alliances with global space organizations, South Africa is a leader in satellite technology in Africa, emphasizing the advancement of satellite applications throughout the continent.
• The Turkey Electric Propulsion Satellite market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 25.08 million in 2024.
• The Nigeria Electric Propulsion Satellite market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 30.63 million in 2024.
• The Rest of the MEA Electric Propulsion Satellite market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 34.42 million in 2024.

Electric Propulsion Satellite Market Analysis

Electric Propulsion Satellite Market Mass Class Segment Analysis

According to Cognitive Market Research, Large satellite (Above 2,201 kg) stands out as the dominating category. Large satellites (above 2,201 kg) are in high demand in the electric propulsion satellite industry due to their ability to carry heavy payloads and carry out intricate missions. Advanced scientific research, large-scale Earth observation, and high-bandwidth communication all depend on these satellites. Large satellites can benefit greatly from electric propulsion systems, which have longer operating lifetimes and lower launch costs since they use less fuel and better maneuverability. The need for big electric propulsion satellites is predicted to increase, supporting market expansion, as the need for dependable, high-capacity satellite services grows, especially in sectors like broadband connection and climate monitoring.

Medium satellite (501-2,200 kg) emerges as the fastest-growing category in the Electric Propulsion Satellite market. Medium-sized satellites (501-2,200 kg) are in high demand in the electric propulsion satellite market because of their reasonable price and adaptability. These satellites are perfect for a variety of uses, such as research missions, Earth observation, and telecommunications, because they balance payload capacity and launch costs. With longer mission lifespans and more maneuverability, electric propulsion technologies improve operational efficiency. The need for medium-sized satellites with electric propulsion will continue to increase as governments and businesses depend more on satellite technology for data and communication services. This is because these spacecraft are flexible and can be deployed at a reasonable cost.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electric Propulsion Satellite Industry. Request a Free Sample PDF!

According to Cognitive Market Research, the dominating category is Earth Observation. The necessity for accurate and ongoing monitoring of the planet's resources, climate, and environment is driving up demand for Earth observation satellites in the electric propulsion satellite industry. These satellites' increased mobility and longer operating lives, made possible by their electric propulsion systems, allow for more frequent and precise data collecting. Applications include everything from environmental preservation and urban planning to agriculture and disaster management. Earth observation satellites are becoming more and more expensive, yet both public and corporate sectors are using them to address global issues and enhance decision-making. The market for electric propulsion satellites is expanding due to this increasing interest, underlining the significance of cutting-edge and effective satellite technology.

The fastest-growing category in the Electric Propulsion Satellite market is Surveillance. In the market for electric propulsion satellites, the requirement for sophisticated, constant surveillance for intelligence, defense, and national security objectives is driving demand for surveillance capabilities. Satellites with electric propulsion systems can make precise movements, stay in ideal orbits for longer periods of time, and spend less on operating expenses. These benefits make it possible to detect possible threats, support military operations, and conduct constant and trustworthy surveillance of vital locations. Investments in electric-propelled surveillance satellites are growing as geopolitical tensions and security concerns rise, highlighting their vital role in enhancing situational awareness and bolstering international security measures.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Electric Propulsion Satellite Mission Application Segment Analysis

According to Cognitive Market Research, the dominating category is Orbit Raising. Because orbit raising is efficient and affordable, it is becoming more and more popular in the electric propulsion satellite market. Satellites with electric propulsion can carry greater cargo or have longer operational lives than those with conventional chemical propulsion because they require less fuel. For geostationary satellites, which need a lot of energy to reach their ultimate orbit, these systems are especially helpful. The capacity to raise orbit gradually lowers launch expenses and improves mission planning flexibility. As a result, the use of electric propulsion is growing as satellite operators look for ways to cut costs and optimize performance.

The fastest-growing category in the Electric Propulsion Satellite market is Station Keeping. Precise and effective orbital corrections are essential for station keeping in the electric propulsion satellite sector. A satellite's location may be maintained in orbit for lengthy periods of time with electric propulsion systems since they provide low thrust and high specific impulse operations. The satellite's operating lifespan is increased, and overall mission expenses are decreased by using these systems instead of conventional chemical thrusters, which require a much lower fuel. The adoption of electric propulsion for station keeping continues to rise as satellite operators seek long-term stability and economy. This ensures consistent service quality and reliability in a variety of applications, such as telecommunications and Earth observation.

• Station Keeping
• Orbit Raising

Electric Propulsion Satellite Propulsion Type Segment Analysis

According to Cognitive Market Research, the dominating category is Full Electric. Full electric propulsion's efficiency and financial advantages are driving up demand for it in the electric propulsion satellite industry. Reducing launch weight and expense, full electric propulsion systems allow for minimal propellant consumption for both orbit boosting and station holding. This makes longer flight durations or heavier payloads possible. The performance and operating capabilities of satellites are improved by the precise control and flexibility provided by electric propulsion. Advances in technology and the developing need for sustainable and financially viable space operations are driving the shift towards 100% electric propulsion, which satellite operators are pursuing in an effort to reduce costs and improve service quality.

The fastest-growing category in the Electric Propulsion Satellite market is Hybrid. Because hybrid propulsion combines the benefits of chemical and electric propulsion, its demand in the electric propulsion satellite sector is rising. Hybrid systems maximize mission flexibility and affordability by combining chemical propulsion for quick orbit boosting and electric propulsion for effective station maintenance. This strategy uses less gasoline while enabling faster deployment and longer operational life. The long-term efficiency of electric propulsion and the agility of chemical systems are advantageous to satellite operators. In the competitive satellite industry, hybrid propulsion systems are becoming more and more popular due to the escalating demand for adaptable, affordable solutions in a variety of satellite applications.

• Full Electric
• Hybrid

Electric Propulsion Satellite Components Segment Analysis

According to Cognitive Market Research, the dominating category is Control Units. Due to their critical role in propulsion system management and optimization, control units are becoming more and more in demand in the electric propulsion satellite industry. With the exact control, these units provide over thrust vectors, precise orbit corrections, and station maintenance are made possible. Complex control units are becoming more and more necessary as electric propulsion systems become more complex and common. They support complex mission profiles, improve reliability, and enable effective power management. Satellite operators and manufacturers seek for strong control units to optimize the advantages of electric propulsion, stimulating innovation and demand for this crucial part of satellite systems.

The fastest-growing category in the Electric Propulsion Satellite market is Power Distribution Units. Because power distribution units (PDUs) are crucial to the effective management and distribution of electrical power, demand for them in the electric propulsion satellite market is expanding. By distributing power among several subsystems, preserving voltage stability, and guarding against power surges, PDUs guarantee the dependable operation of electric propulsion systems. Modern PDUs are becoming more and more necessary as satellites move toward electric propulsion due to their efficiency and financial advantages. These components increase the satellites' lifespan and overall performance, which makes them essential to the mission's success. Strong and effective PDUs are in high demand due to the move toward increasingly potent and complex electric propulsion systems.

• Control Units
• Power Distribution Units
• Pressure Regulators
• Pointing Mechanism
• Valves
• Flow Controllers
• Mass Flow Sensors
• Pressure Transducers
• Particle Filters
• Tanks
• Propulsion Chamber/Nozzle
• Plumbing/Tuning

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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