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(CityRegions.Com, August 07, 2018 ) 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.
Worldwide, there are a little electric propulsion system manufacturers; and there is growing number of enterprises are entering the market attracted by the market potential. Aerospace Corporation, SITAEL and Bellatrix Aerospace are the top there manufacturers of electric propulsion system in the market currently; they account more than half of the market total production volume of electric propulsion system.
North America and Europe are the largest markets of electric propulsion system currently; but the market of electric propulsion system in Asia-Pacific is forecasted to experience a higher growth speed in the following five years due to the growing downstream demand.
Over the next five years, LPI(LP Information) projects that Electric Propulsion System will register a 24.3% CAGR in terms of revenue, reach US$ 630 million by 2023, from US$ 170 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Electric Propulsion System market by product type, application, key manufacturers and key regions.
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To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Gridded Ion Engine (GIE)
Hall Effect Thruster (HET)
High Efficiency Multistage Plasma Thruster (HEMPT)
Pulsed Plasma Thruster (PPT)
Other
Segmentation by application:
Nano Satellite
Microsatellite
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Aerospace Corporation
SITAEL
Bellatrix Aerospace
Busek Co. Inc.
Accion Systems Inc.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Electric Propulsion System consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Electric Propulsion System market by identifying its various subsegments.
Focuses on the key global Electric Propulsion System manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Electric Propulsion System with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Electric Propulsion System submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Some Point from TOC:
1 Scope of the Report
2 Executive Summary
3 Global Electric Propulsion System by Players
4 Electric Propulsion System by Regions
5 Americas
6 APAC
7 Europe
….Continued
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Hector Costello
+1 (214) 884-6817
sales@orbisresearch.com
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