Solar Electric Propulsion Systems Market
Solar Electric Propulsion Systems Market Size and Growth
The Solar Electric Propulsion Systems market is experiencing significant growth, driven by increasing demand for efficient, sustainable propulsion in space applications. The global market size is projected to reach approximately $1 billion by 2025, fueled by advancements in technology and rising investments in satellite and deep-space exploration initiatives.
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Companies Covered
(Covid 19 Impact Covered)
◍ Aerojet Rocketdyne
◍ QinetiQ
◍ Northrop Grumman
The Solar Electric Propulsion Systems market features key players like Aerojet Rocketdyne, QinetiQ, and Northrop Grumman, advancing satellite and spacecraft efficiency. They enhance market growth through innovative technologies and strategic partnerships. Sales revenue figures include:
- Aerojet Rocketdyne: $2 billion
- Northrop Grumman: $36.6 billion
- QinetiQ: $1.3 billion
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Market Segmentation
By Application
Nano Satellite
Microsatellite
Others
By Product
◍ Hall Effect Thruster (HET)
Pulsed Plasma Thruster (PPT)
Others
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Market Growth
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$ X Billion USD
