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Global Satellite Propulsion System Market Analysis Highlights the Impact of COVID-19 2020-2024 | Emergence of Low-cost Satellites to Boost Market Growth | Technavio

Technavio has been monitoring the global satellite propulsion system market size and it is poised to grow by USD 17.19 billion during 2020-2024, progressing at a CAGR of almost 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200907005055/en/

Technavio has announced its latest market research report titled Global Satellite Propulsion System Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • Based on segmentation by type, which is the leading segment in the market?
    Chemical propulsion systems is leading the market share of satellite propulsion system market.

  • What are the major trends in the market?
    Rapid deployment of CubeSats is one of the key trends in the market.

  • At what rate is the market projected to grow?
    The market is expected to grow at a CAGR of almost 12% during the forecast period

  • Who are the top players in the market?
    Aerojet Rocketdyne Holdings Inc., Airbus SE, Ball Corp., Bellatrix Aerospace Pvt. Ltd., Busek Co. Inc., Mitsubishi Electric Corp., OHB System AG, Safran SA, Thales Group, and The Boeing Co. are some of the major market participants.

  • What are the key market drivers?
    Emergence of low-cost satellites is one of the key factors driving the satellite propulsion system market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aerojet Rocketdyne Holdings Inc., Airbus SE, Ball Corp., Bellatrix Aerospace Pvt. Ltd., Busek Co. Inc., Mitsubishi Electric Corp., OHB System AG, Safran SA, Thales Group, and The Boeing Co. are some of the major market participants. The emergence of low-cost satellites will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Satellite Propulsion System Market 2020-2024: Segmentation

Satellite Propulsion System Market is segmented as below:

  • Type

    • Chemical Propulsion

    • Hybrid Propulsion

    • All-electric Propulsion

  • Geography

    • North America

    • APAC

    • Europe

    • South America

    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44683

Satellite Propulsion System Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The satellite propulsion system market report covers the following areas:

  • Satellite Propulsion System Market Size

  • Satellite Propulsion System Market Trends

  • Satellite Propulsion System Market Industry Analysis

This study identifies the rapid deployment of CubeSats as one of the prime reasons driving the Satellite Propulsion System Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Satellite Propulsion System Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist satellite propulsion system market growth during the next five years

  • Estimation of the satellite propulsion system market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the satellite propulsion system market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of satellite propulsion system market, vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Type

  • Market segments

  • Comparison by Type

  • Chemical propulsion - Market size and forecast 2019-2024

  • Hybrid propulsion - Market size and forecast 2019-2024

  • All-electric propulsion - Market size and forecast 2019-2024

  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers – Demand led growth

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Aerojet Rocketdyne Holdings Inc.

  • Airbus SE

  • Ball Corp.

  • Bellatrix Aerospace Pvt. Ltd.

  • Busek Co. Inc.

  • Mitsubishi Electric Corp.

  • OHB System AG

  • Safran SA

  • Thales Group

  • The Boeing Co.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200907005055/en/

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