The latest report pertaining to ‘Satellite Propulsion System Market’ collated by Market Study Report, LLC, provides a detailed analysis regarding market size, revenue estimations and growth rate of the industry. In addition, the report illustrates the major obstacles and newest growth strategies adopted by leading manufacturers who are a part of the competitive landscape of this market.
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The global Satellite propulsion system market is anticipated to reach over USD 29.9 billion by 2026 according to a new research. In 2017, the chemical propulsion segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global Satellite propulsion system market.
The North America Satellite Propulsion System Market is expected to dominate throughout the forecast period. Rise in applications of satellites in agriculture, real estate, defense, and government sectors in this region is the major driver for market growth. The affordable price of small satellites also accelerates the penetration in the commercial sector. Rise in investment in the defense sector, along with technological advancement is expected to drive the market growth during the forecast period.
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The growing adoption of small satellites for commercial applications owing to its low cost and light weight supports the Satellite Propulsion System Market growth. Growing use of satellites in defense sector would boost the growth of this market. Technological advancement in terms of miniaturization of components, and associated software has encouraged established organizations, and small and medium enterprises to invest in small satellites, thereby supporting market growth. The increasing deployment of satellites in commercial applications such as remote sensing, earth observation, and technology development, and rising deployment of cubesats fuels the growth of the Satellite Propulsion System Market. Growth in space expeditions, rising need for long range missiles, increasing military expenditure worldwide, and technological advancements are expected to provide growth opportunities during the forecast period.
The leading companies profiled in the Satellite Propulsion System Market report include Ball Aerospace & Technologies Corp., Thales Group, Safran S.A, Mitsubishi Electric Corporation, Airbus Defense and Space, Airbus Defense and Space, The Boeing Company, Orbital ATK Inc., Aerojet Rocketdyne, OHB System AG, Bellatrix Aerospace, and Northrop Grumman Corporation among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Satellite Propulsion System Market share by Major regions included:
Middle East & Africa
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Table of Contents
1.Overview and Scope
1.1.Research goal & scope
1.3.1.Primary data sources
1.3.2.Secondary data sources
3.Satellite Propulsion System Market Insights
3.1.Satellite Propulsion System – Industry snapshot
3.2.Satellite Propulsion System – Ecosystem analysis
3.3.Satellite Propulsion System Market Dynamics
3.3.1.Satellite Propulsion System – Market Forces
184.108.40.206.Satellite Propulsion System Market Driver Analysis
220.127.116.11.Satellite Propulsion System Market Restraint/Challenges analysis
18.104.22.168.Satellite Propulsion System Market Opportunity Analysis
3.4.Industry analysis – Porter’s five force
3.4.1.Bargaining power of supplier
3.4.2.Bargaining power of buyer
3.4.3.Threat of substitute
3.4.4.Threat of new entrant
3.4.5.Degree of competition
3.5.Satellite Propulsion System Market PEST Analysis, 2016
3.6.Satellite Propulsion System Market Value Chain Analysis
3.7.Satellite Propulsion System Industry Trends
3.8.Competitive Ranking Analysis
4.Satellite Propulsion System Market Size and Forecast, 2017-2026 by Type
5.Satellite Propulsion System Market Size and Forecast, 2017-2026 by Region
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