PUBLISHER: QYResearch | PRODUCT CODE: 1872193
PUBLISHER: QYResearch | PRODUCT CODE: 1872193
The global market for Electric Propulsion System was estimated to be worth US$ 3285 million in 2024 and is forecast to a readjusted size of US$ 8296 million by 2031 with a CAGR of 13.6% during the forecast period 2025-2031.
Electric propulsion systems are an advanced propulsion technology that generates thrust by accelerating a working fluid using electricity. The core principle is to convert electrical energy into kinetic energy of the working fluid, rather than relying on chemical combustion. Compared to traditional chemical propulsion, electric propulsion offers high specific impulse (10-100 km/s), low thrust (millinewtons to newtons), and long lifespan, making it suitable for space missions with extremely high requirements for fuel efficiency and orbital control precision.
Driving factors:
Satellite internet boom: The Starlink project requires 12,000 satellites, each equipped with a Hall thruster for orbital adjustment and collision avoidance.
Policy support: China's "Real-scene 3D China" project has invested over 100 billion yuan to promote the integration of high-precision mapping and electric propulsion technology.
Cost Reduction: The price of lidar has dropped from $8,000 to $500, reducing map data collection costs by 70%.
This report aims to provide a comprehensive presentation of the global market for Electric Propulsion System, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Electric Propulsion System by region & country, by Type, and by Application.
The Electric Propulsion System market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Propulsion System.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Electric Propulsion System company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Electric Propulsion System in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Electric Propulsion System in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.