Satellite Propulsion System
PUBLISHED: 2023 ID: SMRC24142
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Satellite Propulsion System

Satellite Propulsion System Market Forecasts to 2030 - Global Analysis By System Type (Bipropellant, Monopropellant, Pneumatic/ Hybrid Systems and Other System Types), Propulsion Type (Pulsed Plasma Propulsion, Green Liquid, Water Electrolysed, Cold Gas Propulsion, Ambipolar Thrusters and Other Propulsion Types), Application and By Geography

4.5 (29 reviews)
4.5 (29 reviews)
Published: 2023 ID: SMRC24142

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Satellite Propulsion System Market is accounted for $1.80 billion in 2023 and is expected to reach $6.45 billion by 2030 growing at a CAGR of 20.0% during the forecast period. A satellite propulsion system is a spacecraft propulsion and navigation mechanism. To create propulsion, propellant such as liquid or solid fuel, is usually ejected under control. Additionally, with the help of this drive, the satellite is able to resist air drag and gravitational pull, alter its orbit, and change its orientation. Moreover, to meet specific mission requirements and maximize endurance and efficiency in the vacuum of space, a variety of propulsion technologies, including chemical rockets, ion thrusters, and electric propulsion, are utilized.

Market Dynamics: 

Driver: 

Rising demand in satellite deployment 

One major factor propelling satellite propulsion system sales is the expansion of satellite deployment. In order to facilitate satellite launches and orbital operations, there is an increasing demand for satellite-based services, including communication, earth observation, and worldwide connection, this is driving up the need for better propulsion systems. Moreover, the need is also increased by the emergence of mega-constellations for data services and broadband internet, which necessitate a large number of propulsion-equipped satellites to maintain accurate orbits. Hence, this, in turn, propels the market for propulsion systems.

Restraint:

High cost

It can be costly to develop and deploy sophisticated propulsion technology, which makes it difficult for small businesses to enter the market and compete with more established, larger firms. Additionally, significant drawbacks in the market for satellite propulsion systems are caused by cost limits. Moreover, the high expense of R&D, manufacturing, and testing can stifle innovation and prevent the widespread use of advanced propulsion technologies, throughout the course of a satellite's lifetime, operational costs, such as fuel and maintenance, can add up. Hence, these factors may hinder the market size.

Opportunity:

Increase in awareness of space's economic potential

The worldwide demand for satellite propulsion systems is being brought about in large part by growing awareness of the economic potential of space. Furthermore, demand for satellites to deliver services like worldwide internet access, earth observation, and space tourism is rising as more stakeholders become aware of the business potential in space. Moreover, this, in turn, increases the demand for sophisticated propulsion systems in order to guarantee satellite location, orbital modifications, and long-term functionality. Therefore, the need for satellite propulsion systems is increased by the growing space economy and its variety of applications, which drives market expansion.

Threat:

Risks brought by environment

Significant drawbacks exist in the industry for satellite propulsion systems due to environmental concerns. Additionally, during launch and in-space operations, conventional propulsion systems like chemical rockets emit dangerous contaminants into the environment. Moreover, these pollutants can harm the ecosystem and public health in addition to contributing to air pollution. Furthermore, the discarding of spent rocket stages and propulsion system parts may result in space debris, which could endanger satellite operations and future space expeditions. Therefore, it will gradually hamper market expansion.

Covid-19 Impact

The COVID-19 pandemic caused delays in satellite launches, decreased government and private funding for space initiatives, and disruptions in global supply chains, all of which had an adverse effect on the market for satellite propulsion systems. Additionally, satellite manufacture and launch times were delayed as a result of lockdowns and travel restrictions that hampered the production and shipping of propulsion system components, lower investment in space programs as a result of economic uncertainty affected demand.

The bipropellant segment is expected to be the largest during the forecast period

The bipropellant segment is estimated to hold the largest share, due to the thrust caused by bipropellant devices is achieved by mixing and lighting two distinct components, usually an oxidizer and a fuel. Additionally, numerous satellite applications, such as geostationary orbit insertion, orbital modifications, and station-keeping, can benefit from this strategy's benefits in thrust control and efficiency. Moreover, due to the popularity of bipropellant systems, which are favoured for a range of satellite missions, including scientific exploration, communication, and Earth observation.

The cold gas propulsion segment is expected to have the highest CAGR during the forecast period

The cold gas propulsion segment is anticipated to have lucrative growth during the forecast period, due to the fundamental concept of cold gas propulsion technology is to create thrust through a nozzle by expanding the gas. Additionally, it permits the propellant to pass from a tank used to store it to a nozzle that merges and diverges, expanding into free space. Furthermore, compared to chemical or electric propulsion systems, cold gas propulsion systems have a lower specific impulse, ranging from tens to several hundred seconds, contingent upon the atomic mass of the propellant.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period owing to numerous nations, such as China, Japan, and India, have achieved notable progress in this domain. These developments cover a wide range of propulsion technologies, including hybrid, electric, and chemical systems. Moreover, China has made significant strides toward creating cutting-edge electric propulsion technologies that extend the lifetime and mobility of satellites. Additionally, with the successful installation of electric propulsion systems for its satellites, India has further demonstrated its prowess in satellite propulsion. Thus, overall, the expansion and competitiveness of the global space industry are being driven by the Asia-Pacific region.

Region with highest CAGR:

North America is expected to witness profitable growth over the projection period, owing to a number of programs and efforts launched by the North American government. NASA has initiated Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs in the United States to support small firms in their efforts to create novel propulsion technology. For instance, in order to promote research and development in the satellite business, the United States government also offers grants and financing possibilities through organizations like the Department of Defense (DoD) and the National Oceanic and Atmospheric Administration (NOAA). Furthermore, to encourage expansion and market competitiveness, government organizations like the Federal Communications Commission (FCC) also strive to expedite regulatory procedures and ease the installation of satellite propulsion systems.

Key players in the market

Some of the key players in the Satellite Propulsion System Market include Hangcha Satellite Propulsion Systems, Crown Equipment Corporation, Doosan Corporation, Clark, Hyster-Yale Group, Inc., Toyota, Raymond West, Kion Group AG, Mitsubishi Electric Corporation, Jungheinrich AG, Busek Co. Inc., Boeing, Airbus SAS, CU Aerospace, Cobham PLC, Northrop Grumman Corporation, Safran SA and OHB System AG. 

Key Developments:

In October 2023, Toyota Kirloskar Motor (TKM) announced its east zonal flag-off of the 'Great 4X4 Expedition by Toyota,' bring the fourth exhilarating drive in a series of adventurous off-road journeys across India.

In September 2023, Toyota Kirloskar Motor (TKM) announced the expansion of its highly successful Toyota Anganwadi Development Program (TADP) in partnership with the Government of Karnataka (GoK).

In November 2022, The Raymond Corporation announces its latest addition to the iWAREHOUSE® Fleet and Warehouse Optimization System portfolio: the iWAREHOUSE FieldSense (iW.FieldSense) proximity notification system. Designed to reinforce operator best practices, instill a mindset of continuous improvement and enhance environmental awareness, IW.

System Types Covered:
• Bipropellant
• Monopropellant
• Pneumatic/ Hybrid Systems
• Other System Types

Propulsion Types Covered:
• Pulsed Plasma Propulsion
• Green Liquid
• Water Electrolysed
• Cold Gas Propulsion
• Ambipolar Thrusters
• Other Propulsion Types

Applications Covered:
• Science Satellite
• Technology Experiment Satellite
• Applications Satellite
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary          
            
2 Preface           
 2.1 Abstract          
 2.2 Stake Holders         
 2.3 Research Scope         
 2.4 Research Methodology        
  2.4.1 Data Mining        
  2.4.2 Data Analysis        
  2.4.3 Data Validation        
  2.4.4 Research Approach        
 2.5 Research Sources         
  2.5.1 Primary Research Sources       
  2.5.2 Secondary Research Sources       
  2.5.3 Assumptions        
            
3 Market Trend Analysis         
 3.1 Introduction         
 3.2 Drivers          
 3.3 Restraints         
 3.4 Opportunities         
 3.5 Threats          
 3.6 Application Analysis        
 3.7 Emerging Markets         
 3.8 Impact of Covid-19         
            
4 Porters Five Force Analysis         
 4.1 Bargaining power of suppliers        
 4.2 Bargaining power of buyers        
 4.3 Threat of substitutes        
 4.4 Threat of new entrants        
 4.5 Competitive rivalry         
            
5 Global Satellite Propulsion System Market, By System Type      
 5.1 Introduction         
 5.2 Bipropellant         
 5.3 Monopropellant         
 5.4 Pneumatic/ Hybrid Systems        
 5.5 Other System Types         
            
6 Global Satellite Propulsion System Market, By Propulsion Type     
 6.1 Introduction         
 6.2 Pulsed Plasma Propulsion        
 6.3 Green Liquid         
 6.4 Water Electrolysed         
 6.5 Cold Gas Propulsion         
 6.6 Ambipolar Thrusters        
 6.7 Other Propulsion Types        
            
7 Global Satellite Propulsion System Market, By Application      
 7.1 Introduction         
 7.2 Science Satellite         
 7.3 Technology Experiment Satellite       
 7.4 Applications Satellite        
 7.5 Other Applications         
            
8 Global Satellite Propulsion System Market, By Geography      
 8.1 Introduction         
 8.2 North America         
  8.2.1 US         
  8.2.2 Canada         
  8.2.3 Mexico         
 8.3 Europe          
  8.3.1 Germany         
  8.3.2 UK         
  8.3.3 Italy         
  8.3.4 France         
  8.3.5 Spain         
  8.3.6 Rest of Europe        
 8.4 Asia Pacific         
  8.4.1 Japan         
  8.4.2 China         
  8.4.3 India         
  8.4.4 Australia         
  8.4.5 New Zealand        
  8.4.6 South Korea        
  8.4.7 Rest of Asia Pacific        
 8.5 South America         
  8.5.1 Argentina        
  8.5.2 Brazil         
  8.5.3 Chile         
  8.5.4 Rest of South America       
 8.6 Middle East & Africa        
  8.6.1 Saudi Arabia        
  8.6.2 UAE         
  8.6.3 Qatar         
  8.6.4 South Africa        
  8.6.5 Rest of Middle East & Africa       
            
9 Key Developments          
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 9.2 Acquisitions & Mergers        
 9.3 New Product Launch        
 9.4 Expansions         
 9.5 Other Key Strategies        
            
10 Company Profiling          
 10.1 Hangcha Satellite Propulsion Systems       
 10.2 Crown Equipment Corporation       
 10.3 Doosan Corporation         
 10.4 Clark          
 10.5 Hyster-Yale Group, Inc.        
 10.6 Toyota          
 10.7 Raymond West         
 10.8 Kion Group AG         
 10.9 Mitsubishi Electric Corporation       
 10.10 Jungheinrich AG         
 10.11 Busek Co. Inc.         
 10.12 Boeing          
 10.13 Airbus SAS         
 10.14 CU Aerospace         
 10.15 Cobham PLC         
 10.16 Northrop Grumman Corporation       
 10.17 Safran SA          
 10.18 OHB System AG         
            
List of Tables           
1 Global Satellite Propulsion System Market Outlook, By Region (2021-2030) ($MN)    
2 Global Satellite Propulsion System Market Outlook, By System Type (2021-2030) ($MN)   
3 Global Satellite Propulsion System Market Outlook, By Bipropellant (2021-2030) ($MN)   
4 Global Satellite Propulsion System Market Outlook, By Monopropellant (2021-2030) ($MN)   
5 Global Satellite Propulsion System Market Outlook, By Pneumatic/ Hybrid Systems (2021-2030) ($MN)  
6 Global Satellite Propulsion System Market Outlook, By Other System Types (2021-2030) ($MN)  
7 Global Satellite Propulsion System Market Outlook, By Propulsion Type (2021-2030) ($MN)   
8 Global Satellite Propulsion System Market Outlook, By Pulsed Plasma Propulsion (2021-2030) ($MN)  
9 Global Satellite Propulsion System Market Outlook, By Green Liquid (2021-2030) ($MN)   
10 Global Satellite Propulsion System Market Outlook, By Water Electrolysed (2021-2030) ($MN)   
11 Global Satellite Propulsion System Market Outlook, By Cold Gas Propulsion (2021-2030) ($MN)  
12 Global Satellite Propulsion System Market Outlook, By Ambipolar Thrusters (2021-2030) ($MN)  
13 Global Satellite Propulsion System Market Outlook, By Other Propulsion Types (2021-2030) ($MN)  
14 Global Satellite Propulsion System Market Outlook, By Application (2021-2030) ($MN)   
15 Global Satellite Propulsion System Market Outlook, By Science Satellite (2021-2030) ($MN)   
16 Global Satellite Propulsion System Market Outlook, By Technology Experiment Satellite (2021-2030) ($MN) 
17 Global Satellite Propulsion System Market Outlook, By Applications Satellite (2021-2030) ($MN)  
18 Global Satellite Propulsion System Market Outlook, By Other Applications (2021-2030) ($MN)   
19 North America Satellite Propulsion System Market Outlook, By Country (2021-2030) ($MN)   
20 North America Satellite Propulsion System Market Outlook, By System Type (2021-2030) ($MN)  
21 North America Satellite Propulsion System Market Outlook, By Bipropellant (2021-2030) ($MN)  
22 North America Satellite Propulsion System Market Outlook, By Monopropellant (2021-2030) ($MN)  
23 North America Satellite Propulsion System Market Outlook, By Pneumatic/ Hybrid Systems (2021-2030) ($MN) 
24 North America Satellite Propulsion System Market Outlook, By Other System Types (2021-2030) ($MN)  
25 North America Satellite Propulsion System Market Outlook, By Propulsion Type (2021-2030) ($MN)  
26 North America Satellite Propulsion System Market Outlook, By Pulsed Plasma Propulsion (2021-2030) ($MN) 
27 North America Satellite Propulsion System Market Outlook, By Green Liquid (2021-2030) ($MN)  
28 North America Satellite Propulsion System Market Outlook, By Water Electrolysed (2021-2030) ($MN)  
29 North America Satellite Propulsion System Market Outlook, By Cold Gas Propulsion (2021-2030) ($MN)  
30 North America Satellite Propulsion System Market Outlook, By Ambipolar Thrusters (2021-2030) ($MN)  
31 North America Satellite Propulsion System Market Outlook, By Other Propulsion Types (2021-2030) ($MN) 
32 North America Satellite Propulsion System Market Outlook, By Application (2021-2030) ($MN)  
33 North America Satellite Propulsion System Market Outlook, By Science Satellite (2021-2030) ($MN)  
34 North America Satellite Propulsion System Market Outlook, By Technology Experiment Satellite (2021-2030) ($MN)
35 North America Satellite Propulsion System Market Outlook, By Applications Satellite (2021-2030) ($MN) 
36 North America Satellite Propulsion System Market Outlook, By Other Applications (2021-2030) ($MN)  
37 Europe Satellite Propulsion System Market Outlook, By Country (2021-2030) ($MN)    
38 Europe Satellite Propulsion System Market Outlook, By System Type (2021-2030) ($MN)   
39 Europe Satellite Propulsion System Market Outlook, By Bipropellant (2021-2030) ($MN)   
40 Europe Satellite Propulsion System Market Outlook, By Monopropellant (2021-2030) ($MN)   
41 Europe Satellite Propulsion System Market Outlook, By Pneumatic/ Hybrid Systems (2021-2030) ($MN)  
42 Europe Satellite Propulsion System Market Outlook, By Other System Types (2021-2030) ($MN)  
43 Europe Satellite Propulsion System Market Outlook, By Propulsion Type (2021-2030) ($MN)   
44 Europe Satellite Propulsion System Market Outlook, By Pulsed Plasma Propulsion (2021-2030) ($MN)  
45 Europe Satellite Propulsion System Market Outlook, By Green Liquid (2021-2030) ($MN)   
46 Europe Satellite Propulsion System Market Outlook, By Water Electrolysed (2021-2030) ($MN)  
47 Europe Satellite Propulsion System Market Outlook, By Cold Gas Propulsion (2021-2030) ($MN)  
48 Europe Satellite Propulsion System Market Outlook, By Ambipolar Thrusters (2021-2030) ($MN)  
49 Europe Satellite Propulsion System Market Outlook, By Other Propulsion Types (2021-2030) ($MN)  
50 Europe Satellite Propulsion System Market Outlook, By Application (2021-2030) ($MN)   
51 Europe Satellite Propulsion System Market Outlook, By Science Satellite (2021-2030) ($MN)   
52 Europe Satellite Propulsion System Market Outlook, By Technology Experiment Satellite (2021-2030) ($MN) 
53 Europe Satellite Propulsion System Market Outlook, By Applications Satellite (2021-2030) ($MN)  
54 Europe Satellite Propulsion System Market Outlook, By Other Applications (2021-2030) ($MN)  
55 Asia Pacific Satellite Propulsion System Market Outlook, By Country (2021-2030) ($MN)   
56 Asia Pacific Satellite Propulsion System Market Outlook, By System Type (2021-2030) ($MN)   
57 Asia Pacific Satellite Propulsion System Market Outlook, By Bipropellant (2021-2030) ($MN)   
58 Asia Pacific Satellite Propulsion System Market Outlook, By Monopropellant (2021-2030) ($MN)  
59 Asia Pacific Satellite Propulsion System Market Outlook, By Pneumatic/ Hybrid Systems (2021-2030) ($MN) 
60 Asia Pacific Satellite Propulsion System Market Outlook, By Other System Types (2021-2030) ($MN)  
61 Asia Pacific Satellite Propulsion System Market Outlook, By Propulsion Type (2021-2030) ($MN)  
62 Asia Pacific Satellite Propulsion System Market Outlook, By Pulsed Plasma Propulsion (2021-2030) ($MN) 
63 Asia Pacific Satellite Propulsion System Market Outlook, By Green Liquid (2021-2030) ($MN)   
64 Asia Pacific Satellite Propulsion System Market Outlook, By Water Electrolysed (2021-2030) ($MN)  
65 Asia Pacific Satellite Propulsion System Market Outlook, By Cold Gas Propulsion (2021-2030) ($MN)  
66 Asia Pacific Satellite Propulsion System Market Outlook, By Ambipolar Thrusters (2021-2030) ($MN)  
67 Asia Pacific Satellite Propulsion System Market Outlook, By Other Propulsion Types (2021-2030) ($MN)  
68 Asia Pacific Satellite Propulsion System Market Outlook, By Application (2021-2030) ($MN)   
69 Asia Pacific Satellite Propulsion System Market Outlook, By Science Satellite (2021-2030) ($MN)  
70 Asia Pacific Satellite Propulsion System Market Outlook, By Technology Experiment Satellite (2021-2030) ($MN) 
71 Asia Pacific Satellite Propulsion System Market Outlook, By Applications Satellite (2021-2030) ($MN)  
72 Asia Pacific Satellite Propulsion System Market Outlook, By Other Applications (2021-2030) ($MN)  
73 South America Satellite Propulsion System Market Outlook, By Country (2021-2030) ($MN)   
74 South America Satellite Propulsion System Market Outlook, By System Type (2021-2030) ($MN)  
75 South America Satellite Propulsion System Market Outlook, By Bipropellant (2021-2030) ($MN)  
76 South America Satellite Propulsion System Market Outlook, By Monopropellant (2021-2030) ($MN)  
77 South America Satellite Propulsion System Market Outlook, By Pneumatic/ Hybrid Systems (2021-2030) ($MN) 
78 South America Satellite Propulsion System Market Outlook, By Other System Types (2021-2030) ($MN)  
79 South America Satellite Propulsion System Market Outlook, By Propulsion Type (2021-2030) ($MN)  
80 South America Satellite Propulsion System Market Outlook, By Pulsed Plasma Propulsion (2021-2030) ($MN) 
81 South America Satellite Propulsion System Market Outlook, By Green Liquid (2021-2030) ($MN)  
82 South America Satellite Propulsion System Market Outlook, By Water Electrolysed (2021-2030) ($MN)  
83 South America Satellite Propulsion System Market Outlook, By Cold Gas Propulsion (2021-2030) ($MN)  
84 South America Satellite Propulsion System Market Outlook, By Ambipolar Thrusters (2021-2030) ($MN)  
85 South America Satellite Propulsion System Market Outlook, By Other Propulsion Types (2021-2030) ($MN) 
86 South America Satellite Propulsion System Market Outlook, By Application (2021-2030) ($MN)  
87 South America Satellite Propulsion System Market Outlook, By Science Satellite (2021-2030) ($MN)  
88 South America Satellite Propulsion System Market Outlook, By Technology Experiment Satellite (2021-2030) ($MN)
89 South America Satellite Propulsion System Market Outlook, By Applications Satellite (2021-2030) ($MN) 
90 South America Satellite Propulsion System Market Outlook, By Other Applications (2021-2030) ($MN)  
91 Middle East & Africa Satellite Propulsion System Market Outlook, By Country (2021-2030) ($MN)  
92 Middle East & Africa Satellite Propulsion System Market Outlook, By System Type (2021-2030) ($MN)  
93 Middle East & Africa Satellite Propulsion System Market Outlook, By Bipropellant (2021-2030) ($MN)  
94 Middle East & Africa Satellite Propulsion System Market Outlook, By Monopropellant (2021-2030) ($MN) 
95 Middle East & Africa Satellite Propulsion System Market Outlook, By Pneumatic/ Hybrid Systems (2021-2030) ($MN)
96 Middle East & Africa Satellite Propulsion System Market Outlook, By Other System Types (2021-2030) ($MN) 
97 Middle East & Africa Satellite Propulsion System Market Outlook, By Propulsion Type (2021-2030) ($MN) 
98 Middle East & Africa Satellite Propulsion System Market Outlook, By Pulsed Plasma Propulsion (2021-2030) ($MN) 
99 Middle East & Africa Satellite Propulsion System Market Outlook, By Green Liquid (2021-2030) ($MN)  
100 Middle East & Africa Satellite Propulsion System Market Outlook, By Water Electrolysed (2021-2030) ($MN) 
101 Middle East & Africa Satellite Propulsion System Market Outlook, By Cold Gas Propulsion (2021-2030) ($MN) 
102 Middle East & Africa Satellite Propulsion System Market Outlook, By Ambipolar Thrusters (2021-2030) ($MN) 
103 Middle East & Africa Satellite Propulsion System Market Outlook, By Other Propulsion Types (2021-2030) ($MN) 
104 Middle East & Africa Satellite Propulsion System Market Outlook, By Application (2021-2030) ($MN)  
105 Middle East & Africa Satellite Propulsion System Market Outlook, By Science Satellite (2021-2030) ($MN) 
106 Middle East & Africa Satellite Propulsion System Market Outlook, By Technology Experiment Satellite (2021-2030) ($MN)
107 Middle East & Africa Satellite Propulsion System Market Outlook, By Applications Satellite (2021-2030) ($MN) 
108 Middle East & Africa Satellite Propulsion System Market Outlook, By Other Applications (2021-2030) ($MN) 
 

List of Figures

List of Figures
Figure 1 Global Satellite Propulsion System Market Outlook (2021-2030) ($MN) 
Figure 2 North America Satellite Propulsion System Market Outlook (2021-2030) ($MN)
Figure 3 US Satellite Propulsion System Market Outlook (2021-2030) ($MN) 
Figure 4 Canada Satellite Propulsion System Market Outlook (2021-2030) ($MN) 
Figure 5 Mexico Satellite Propulsion System Market Outlook (2021-2030) ($MN) 
Figure 6 Europe Satellite Propulsion System Market Outlook (2021-2030) ($MN) 
Figure 7 Germany Satellite Propulsion System Market Outlook (2021-2030) ($MN)
Figure 8 UK Satellite Propulsion System Market Outlook (2021-2030) ($MN) 
Figure 9 Italy Satellite Propulsion System Market Outlook (2021-2030) ($MN) 
Figure 10 France Satellite Propulsion System Market Outlook (2021-2030) ($MN) 
Figure 11 Spain Satellite Propulsion System Market Outlook (2021-2030) ($MN) 
Figure 12 Rest of Europe Satellite Propulsion System Market Outlook (2021-2030) ($MN)
Figure 13 Asia Pacific Satellite Propulsion System Market Outlook (2021-2030) ($MN)
Figure 14 Japan Satellite Propulsion System Market Outlook (2021-2030) ($MN) 
Figure 15 China Satellite Propulsion System Market Outlook (2021-2030) ($MN) 
Figure 16 India Satellite Propulsion System Market Outlook (2021-2030) ($MN) 
Figure 17 Australia Satellite Propulsion System Market Outlook (2021-2030) ($MN)
Figure 18 New Zealand Satellite Propulsion System Market Outlook (2021-2030) ($MN)
Figure 19 South Korea Satellite Propulsion System Market Outlook (2021-2030) ($MN)
Figure 20 Rest of Asia Pacific Satellite Propulsion System Market Outlook (2021-2030) ($MN)
Figure 21 South America Satellite Propulsion System Market Outlook (2021-2030) ($MN)
Figure 22 Argentina Satellite Propulsion System Market Outlook (2021-2030) ($MN)
Figure 23 Brazil Satellite Propulsion System Market Outlook (2021-2030) ($MN) 
Figure 24 Chile Satellite Propulsion System Market Outlook (2021-2030) ($MN) 
Figure 25 Rest of South America Satellite Propulsion System Market Outlook (2021-2030) ($MN)
Figure 26 Middle East & Africa Satellite Propulsion System Market Outlook (2021-2030) ($MN)
Figure 27 Saudi Arabia Satellite Propulsion System Market Outlook (2021-2030) ($MN)
Figure 28 UAE Satellite Propulsion System Market Outlook (2021-2030) ($MN) 
Figure 29 Qatar Satellite Propulsion System Market Outlook (2021-2030) ($MN) 
Figure 30 South Africa Satellite Propulsion System Market Outlook (2021-2030) ($MN)
Figure 31 Rest of Middle East & Africa Satellite Propulsion System Market Outlook (2021-2030) ($MN)

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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