Satellite Electric Propulsion Market Growth Insights and Forecasts to 2032

Satellite electric propulsion has gained significant importance over three years (2019-2021). An increase in the requirement of satellites around the globe from various end users, such as defense and government, and commercial, has generated the demand for electric propulsion during the forecast period. The industry is currently focusing on developing high-efficient and low-weight satellites that can be used for several years. The research study is based on extensive primary interviews (in-house industry players, market leaders, and experts) and secondary research (a host of paid and unpaid databases), along with analytical tools to predict the forecast analysis for the study period. With the help of these, the satellite electric propulsion study provides a broader perspective of the industry.

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In the current market scenario, there are diverse and mature electric propulsion systems available to propel the satellite and spacecraft in various Earth’s orbits and deep space missions. The hall-effect thrusters (HETs) and gridded-ion engines (GIE) are one of the prominent electric propulsion technologies available in the current market and are mostly used in satellites. Some of the major satellite constellation operators, such as SpaceX and OneWeb, are using HETs for their satellites owing to thrust and high specific impulse (Isp), making them suitable for longer-duration mission applications. Additionally, the national space agencies are integrating more electric propulsion for their upcoming deep space missions. For instance, NASA uses electric propulsion for power and propulsion element (PPE) in its Lunar Gateway mission, which is planned to be launched by 2024.

Furthermore, the small satellite constellations are driving the growth of electric propulsion as various satellite operators are deploying small satellites in large quantities to the low Earth orbit (LEO) for providing communication, Earth observation, and navigation services, among others. As the constellation size increases, the cost of satellite development upsurges with using a heavier chemical propulsion system. So, the market is experiencing a shift toward the deployment of electric propulsion for station keeping, orbital maneuvers, and de-orbiting. Also, the electric propulsion system takes less space while maintaining its efficiency and providing extra space to carry more payloads. 

Additionally, the geostationary Earth orbit (GEO) segment has also witnessed the adoption of more electric propulsion for orbital maneuvers and orbit raising. Traditionally, chemical propulsion is used for orbit raising as it produces high thrust and can maneuver the satellite through geostationary transfer orbits (GTO) in approximately one week, but the propellant takes up half of the satellite’s wet mass. 

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During the initial years of the development of space technologies, the primary focus of companies had been on developing heavy and large-sized satellites. However, in recent times, the space industry has witnessed a number of technological advancements which have created substantial demand for small-size satellites for low Earth orbit (LEO) as well as cost-effective launch solutions.

The low Earth orbit (LEO) is now attracting constellation companies and becoming crowded. Constellation operators are attracting investors in the space industry, and it is creating the demand for various satellite components needed to efficiently operate these satellites in LEO. There are many reasons for placing small satellite constellations in LEO, as they are lighter and have low launch costs.