Report Overview
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.
The global Electric Propulsion System market size was estimated at USD 409 million in 2023 and is projected to reach USD 2485.22 million by 2032, exhibiting a CAGR of 22.20% during the forecast period.
North America Electric Propulsion System market size was estimated at USD 150.99 million in 2023, at a CAGR of 19.03% during the forecast period of 2025 through 2032.
This report provides a deep insight into the global Electric Propulsion System market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Electric Propulsion System Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Electric Propulsion System market in any manner.
Global Electric Propulsion System Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Aerospace Corporation
SITAEL
Bellatrix Aerospace
Busek Co. Inc.
Accion Systems Inc.
Market Segmentation (by Type)
Gridded Ion Engine (GIE)
Hall Effect Thruster (HET)
High Efficiency Multistage Plasma Thruster (HEMPT)
Pulsed Plasma Thruster (PPT)
Other
Market Segmentation (by Application)
Nano Satellite
Microsatellite
Geographic Segmentation
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Electric Propulsion System Market
• Overview of the regional outlook of the Electric Propulsion System Market:
Key Reasons to Buy this Report:
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TABLE OF CONTENTS
Table of Contents
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Electric Propulsion System
1.2 Key Market Segments
1.2.1 Electric Propulsion System Segment by Type
1.2.2 Electric Propulsion System Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Electric Propulsion System Market Overview
2.1 Global Market Overview
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Electric Propulsion System Market Competitive Landscape
3.1 Global Electric Propulsion System Revenue Market Share by Company (2019-2025)
3.2 Electric Propulsion System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Company Electric Propulsion System Market Size Sites, Area Served, Product Type
3.4 Electric Propulsion System Market Competitive Situation and Trends
3.4.1 Electric Propulsion System Market Concentration Rate
3.4.2 Global 5 and 10 Largest Electric Propulsion System Players Market Share by Revenue
3.4.3 Mergers & Acquisitions, Expansion
4 Electric Propulsion System Value Chain Analysis
4.1 Electric Propulsion System Value Chain Analysis
4.2 Midstream Market Analysis
4.3 Downstream Customer Analysis
5 The Development and Dynamics of Electric Propulsion System Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 Mergers & Acquisitions
5.5.2 Expansions
5.5.3 Collaboration/Supply Contracts
5.6 Industry Policies
6 Electric Propulsion System Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Electric Propulsion System Market Size Market Share by Type (2019-2025)
6.3 Global Electric Propulsion System Market Size Growth Rate by Type (2019-2025)
7 Electric Propulsion System Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Electric Propulsion System Market Size (M USD) by Application (2019-2025)
7.3 Global Electric Propulsion System Market Size Growth Rate by Application (2019-2025)
8 Electric Propulsion System Market Segmentation by Region
8.1 Global Electric Propulsion System Market Size by Region
8.1.1 Global Electric Propulsion System Market Size by Region
8.1.2 Global Electric Propulsion System Market Size Market Share by Region
8.2 North America
8.2.1 North America Electric Propulsion System Market Size by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Electric Propulsion System Market Size by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Electric Propulsion System Market Size by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Electric Propulsion System Market Size by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Electric Propulsion System Market Size by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Aerospace Corporation
9.1.1 Aerospace Corporation Electric Propulsion System Basic Information
9.1.2 Aerospace Corporation Electric Propulsion System Product Overview
9.1.3 Aerospace Corporation Electric Propulsion System Product Market Performance
9.1.4 Aerospace Corporation Electric Propulsion System SWOT Analysis
9.1.5 Aerospace Corporation Business Overview
9.1.6 Aerospace Corporation Recent Developments
9.2 SITAEL
9.2.1 SITAEL Electric Propulsion System Basic Information
9.2.2 SITAEL Electric Propulsion System Product Overview
9.2.3 SITAEL Electric Propulsion System Product Market Performance
9.2.4 SITAEL Electric Propulsion System SWOT Analysis
9.2.5 SITAEL Business Overview
9.2.6 SITAEL Recent Developments
9.3 Bellatrix Aerospace
9.3.1 Bellatrix Aerospace Electric Propulsion System Basic Information
9.3.2 Bellatrix Aerospace Electric Propulsion System Product Overview
9.3.3 Bellatrix Aerospace Electric Propulsion System Product Market Performance
9.3.4 Bellatrix Aerospace Electric Propulsion System SWOT Analysis
9.3.5 Bellatrix Aerospace Business Overview
9.3.6 Bellatrix Aerospace Recent Developments
9.4 Busek Co. Inc.
9.4.1 Busek Co. Inc. Electric Propulsion System Basic Information
9.4.2 Busek Co. Inc. Electric Propulsion System Product Overview
9.4.3 Busek Co. Inc. Electric Propulsion System Product Market Performance
9.4.4 Busek Co. Inc. Business Overview
9.4.5 Busek Co. Inc. Recent Developments
9.5 Accion Systems Inc.
9.5.1 Accion Systems Inc. Electric Propulsion System Basic Information
9.5.2 Accion Systems Inc. Electric Propulsion System Product Overview
9.5.3 Accion Systems Inc. Electric Propulsion System Product Market Performance
9.5.4 Accion Systems Inc. Business Overview
9.5.5 Accion Systems Inc. Recent Developments
10 Electric Propulsion System Regional Market Forecast
10.1 Global Electric Propulsion System Market Size Forecast
10.2 Global Electric Propulsion System Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Electric Propulsion System Market Size Forecast by Country
10.2.3 Asia Pacific Electric Propulsion System Market Size Forecast by Region
10.2.4 South America Electric Propulsion System Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Electric Propulsion System by Country
11 Forecast Market by Type and by Application (2025-2032)
11.1 Global Electric Propulsion System Market Forecast by Type (2025-2032)
11.2 Global Electric Propulsion System Market Forecast by Application (2025-2032)
12 Conclusion and Key Findings
LIST OF TABLES & FIGURES
List of Tables
Table 1. Introduction of the Type
Table 2. Introduction of the Application
Table 3. Market Size (M USD) Segment Executive Summary
Table 4. Electric Propulsion System Market Size Comparison by Region (M USD)
Table 5. Global Electric Propulsion System Revenue (M USD) by Company (2019-2025)
Table 6. Global Electric Propulsion System Revenue Share by Company (2019-2025)
Table 7. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Electric Propulsion System as of 2022)
Table 8. Company Electric Propulsion System Market Size Sites and Area Served
Table 9. Company Electric Propulsion System Product Type
Table 10. Global Electric Propulsion System Company Market Concentration Ratio (CR5 and HHI)
Table 11. Mergers & Acquisitions, Expansion Plans
Table 12. Value Chain Map of Electric Propulsion System
Table 13. Midstream Market Analysis
Table 14. Downstream Customer Analysis
Table 15. Key Development Trends
Table 16. Driving Factors
Table 17. Electric Propulsion System Market Challenges
Table 18. Global Electric Propulsion System Market Size by Type (M USD)
Table 19. Global Electric Propulsion System Market Size (M USD) by Type (2019-2025)
Table 20. Global Electric Propulsion System Market Size Share by Type (2019-2025)
Table 21. Global Electric Propulsion System Market Size Growth Rate by Type (2019-2025)
Table 22. Global Electric Propulsion System Market Size by Application
Table 23. Global Electric Propulsion System Market Size by Application (2019-2025) & (M USD)
Table 24. Global Electric Propulsion System Market Share by Application (2019-2025)
Table 25. Global Electric Propulsion System Market Size Growth Rate by Application (2019-2025)
Table 26. Global Electric Propulsion System Market Size by Region (2019-2025) & (M USD)
Table 27. Global Electric Propulsion System Market Size Market Share by Region (2019-2025)
Table 28. North America Electric Propulsion System Market Size by Country (2019-2025) & (M USD)
Table 29. Europe Electric Propulsion System Market Size by Country (2019-2025) & (M USD)
Table 30. Asia Pacific Electric Propulsion System Market Size by Region (2019-2025) & (M USD)
Table 31. South America Electric Propulsion System Market Size by Country (2019-2025) & (M USD)
Table 32. Middle East and Africa Electric Propulsion System Market Size by Region (2019-2025) & (M USD)
Table 33. Aerospace Corporation Electric Propulsion System Basic Information
Table 34. Aerospace Corporation Electric Propulsion System Product Overview
Table 35. Aerospace Corporation Electric Propulsion System Revenue (M USD) and Gross Margin (2019-2025)
Table 36. Aerospace Corporation Electric Propulsion System SWOT Analysis
Table 37. Aerospace Corporation Business Overview
Table 38. Aerospace Corporation Recent Developments
Table 39. SITAEL Electric Propulsion System Basic Information
Table 40. SITAEL Electric Propulsion System Product Overview
Table 41. SITAEL Electric Propulsion System Revenue (M USD) and Gross Margin (2019-2025)
Table 42. SITAEL Electric Propulsion System SWOT Analysis
Table 43. SITAEL Business Overview
Table 44. SITAEL Recent Developments
Table 45. Bellatrix Aerospace Electric Propulsion System Basic Information
Table 46. Bellatrix Aerospace Electric Propulsion System Product Overview
Table 47. Bellatrix Aerospace Electric Propulsion System Revenue (M USD) and Gross Margin (2019-2025)
Table 48. Bellatrix Aerospace Electric Propulsion System SWOT Analysis
Table 49. Bellatrix Aerospace Business Overview
Table 50. Bellatrix Aerospace Recent Developments
Table 51. Busek Co. Inc. Electric Propulsion System Basic Information
Table 52. Busek Co. Inc. Electric Propulsion System Product Overview
Table 53. Busek Co. Inc. Electric Propulsion System Revenue (M USD) and Gross Margin (2019-2025)
Table 54. Busek Co. Inc. Business Overview
Table 55. Busek Co. Inc. Recent Developments
Table 56. Accion Systems Inc. Electric Propulsion System Basic Information
Table 57. Accion Systems Inc. Electric Propulsion System Product Overview
Table 58. Accion Systems Inc. Electric Propulsion System Revenue (M USD) and Gross Margin (2019-2025)
Table 59. Accion Systems Inc. Business Overview
Table 60. Accion Systems Inc. Recent Developments
Table 61. Global Electric Propulsion System Market Size Forecast by Region (2025-2032) & (M USD)
Table 62. North America Electric Propulsion System Market Size Forecast by Country (2025-2032) & (M USD)
Table 63. Europe Electric Propulsion System Market Size Forecast by Country (2025-2032) & (M USD)
Table 64. Asia Pacific Electric Propulsion System Market Size Forecast by Region (2025-2032) & (M USD)
Table 65. South America Electric Propulsion System Market Size Forecast by Country (2025-2032) & (M USD)
Table 66. Middle East and Africa Electric Propulsion System Market Size Forecast by Country (2025-2032) & (M USD)
Table 67. Global Electric Propulsion System Market Size Forecast by Type (2025-2032) & (M USD)
Table 68. Global Electric Propulsion System Market Size Forecast by Application (2025-2032) & (M USD)
List of Figures
Figure 1. Industrial Chain of Electric Propulsion System
Figure 2. Data Triangulation
Figure 3. Key Caveats
Figure 4. Global Electric Propulsion System Market Size (M USD), 2019-2032
Figure 5. Global Electric Propulsion System Market Size (M USD) (2019-2032)
Figure 6. Evaluation Matrix of Segment Market Development Potential (Type)
Figure 7. Evaluation Matrix of Segment Market Development Potential (Application)
Figure 8. Evaluation Matrix of Regional Market Development Potential
Figure 9. Electric Propulsion System Market Size by Country (M USD)
Figure 10. Global Electric Propulsion System Revenue Share by Company in 2023
Figure 11. Electric Propulsion System Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2023
Figure 12. The Global 5 and 10 Largest Players: Market Share by Electric Propulsion System Revenue in 2023
Figure 13. Evaluation Matrix of Segment Market Development Potential (Type)
Figure 14. Global Electric Propulsion System Market Share by Type
Figure 15. Market Size Share of Electric Propulsion System by Type (2019-2025)
Figure 16. Market Size Market Share of Electric Propulsion System by Type in 2022
Figure 17. Global Electric Propulsion System Market Size Growth Rate by Type (2019-2025)
Figure 18. Evaluation Matrix of Segment Market Development Potential (Application)
Figure 19. Global Electric Propulsion System Market Share by Application
Figure 20. Global Electric Propulsion System Market Share by Application (2019-2025)
Figure 21. Global Electric Propulsion System Market Share by Application in 2022
Figure 22. Global Electric Propulsion System Market Size Growth Rate by Application (2019-2025)
Figure 23. Global Electric Propulsion System Market Size Market Share by Region (2019-2025)
Figure 24. North America Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 25. North America Electric Propulsion System Market Size Market Share by Country in 2023
Figure 26. U.S. Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 27. Canada Electric Propulsion System Market Size (M USD) and Growth Rate (2019-2025)
Figure 28. Mexico Electric Propulsion System Market Size (Units) and Growth Rate (2019-2025)
Figure 29. Europe Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 30. Europe Electric Propulsion System Market Size Market Share by Country in 2023
Figure 31. Germany Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 32. France Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 33. U.K. Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 34. Italy Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 35. Russia Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 36. Asia Pacific Electric Propulsion System Market Size and Growth Rate (M USD)
Figure 37. Asia Pacific Electric Propulsion System Market Size Market Share by Region in 2023
Figure 38. China Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 39. Japan Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 40. South Korea Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 41. India Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 42. Southeast Asia Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 43. South America Electric Propulsion System Market Size and Growth Rate (M USD)
Figure 44. South America Electric Propulsion System Market Size Market Share by Country in 2023
Figure 45. Brazil Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 46. Argentina Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 47. Columbia Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 48. Middle East and Africa Electric Propulsion System Market Size and Growth Rate (M USD)
Figure 49. Middle East and Africa Electric Propulsion System Market Size Market Share by Region in 2023
Figure 50. Saudi Arabia Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 51. UAE Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 52. Egypt Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 53. Nigeria Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 54. South Africa Electric Propulsion System Market Size and Growth Rate (2019-2025) & (M USD)
Figure 55. Global Electric Propulsion System Market Size Forecast by Value (2019-2032) & (M USD)
Figure 56. Global Electric Propulsion System Market Share Forecast by Type (2025-2032)
Figure 57. Global Electric Propulsion System Market Share Forecast by Application (2025-2032)
