APAC to Lead Global All-Electric Satellites Market Through 2029 The all-electric satellite market is projected to be valued at more than US$ 18 billion, and is poised to grow at a staggering CAGR of over 11% during the forecast period. As existing operators are preferring all-electric propulsion mechanisms, the satellite industry is witnessing a steady uptake of all-electric satellites. All-electric satellites are a new category of satellites providing extended mission time along with improved efficiency. For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=4637 They often weigh lesser than the traditional satellites. This leads to decreased satellite operator launch costs. The market is expected to witness many operators who show a pronounced shift towards all-electric satellite solutions as part of their future and current missions, with the possibility of low-weight satellites capturing their interest. Key Takeaways of All-Electric Satellite Market Study
More than 30% of all the all-electric satellites launched in 2018 were for commercial communication purposes Though civil operators are increasingly adopting all-electric satellites, military surveillance operators remain slow to embrace Earth observation and remote sensing applications will grow at the highest CAGR of over 12% as operators are beginning to diversify targeting applications North America holds the largest share (~35%) within the global all-electric satellite market. The presence of prominent space organizations such as National Aeronautics and Space Administration (NASA) is attributing to such growth APAC is anticipated to showcase the highest growth rates (over 14%) especially in nations such as China and India, due to the growing downstream applications which are facilitating growth
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=4637 Global All-Electric Satellites Market: In-Depth Assessment on Key Segments The global all-electric satellites market is segmented on the basis of propulsion type, satellite type, application and region.
Propulsion Type
Electrostatic Electrothermal Electromagnetic