Electrically Powered Spacecraft Propulsion
Market
Electrically Powered Spacecraft Propulsion Market
Scope: Industry Analysis, Market Size, Growth,
Trends Till 2031
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Electrically Powered Spacecraft Propulsion Market Size and Growth
The Electrically Powered Spacecraft Propulsion market is experiencing significant growth, driven by advancements in technology and increased demand for efficient propulsion systems. The market is projected to reach approximately $3 billion by 2025, reflecting a compound annual growth rate of over 15%, fueled by governmental and commercial space exploration initiatives.
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Companies Covered
(Covid 19 Impact Covered)
◍ ArianeGroup
◍ Busek
◍ SITAEL
◍ Accion Systems
◍ Aerojet Rocketdyne
◍ Northrop Grumman
The Electrically Powered Spacecraft Propulsion Market is growing, with key players like ArianeGroup, Busek, SITAEL, Accion Systems, Aerojet Rocketdyne, and Northrop Grumman innovating in technologies such as ion and Hall-effect thrusters. These companies enhance market growth through R&D, partnerships, and expanding applications in commercial and governmental space missions.
Sales Revenue Highlights:
- Aerojet Rocketdyne: ~$2 billion (2021)
- Northrop Grumman: ~$35 billion (2022)
- Accion Systems: ~N/A but significant funding rounds.
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Market Segmentation
By Application
Nano Satellite
Microsatellite
Others
By Product
◍ Hall Effect Thruster (HET)
Pulsed Plasma Thruster (PPT)
Others
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Market Growth
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$ X Billion USD
