Satellite's Growth Engines Market Overview, Growth, and Trends (2021-2031)

MARKET OVERVIEW

A method used to accelerate spacecraft and artificial satellites into space is referred to as satellite development. Space propulsion, also known as in-space propulsion, refers to propulsion systems that operate in the vacuum of space and is not to be confused with launch vehicles. Several pragmatic and hypothetical approaches have been developed, each with its own set of drawbacks and benefits. Furthermore, most satellite engines have basic, dependable chemical thrusters, which are commonly used in monopropellant or resist jet rockets for orbital station-keeping, while other use momentum wheels for attitude control. Chemicals rockets are mainly used in interplanetary spacecraft, but a few have used ion thrusters and hall-effect thrusters for two distinct forms of electric propulsion in the past. The satellite growth engines market is expected to rise during the forecast period due to an increase in demand for satellites from the civil or government, industrial, and military sectors in recent years.

MARKET SCOPE

The "Global Satellite's Growth Engines Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Satellite's Growth Engines market with detailed market segmentation by vertical, end-user, service, and geography. The report provides key statistics on the market status of the leading Satellite's Growth Engines market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on vertical, the Satellites growth engines market is segmented into energy & power, engineering & infrastructure, environmental, agriculture, transportation & logistics, and insurance.
  
•   On the basis of end-user, the Satellites growth engines market is segmented as commercial, government, military.
  
•   On the basis of service, the Satellites growth engines market is segmented as image data, and data analytics.
  

MARKET DYNAMICS

Drivers:

•   Increased demand for earth observation imagery and analytics
  
•   Increase in the number of space exploration mission
  
•   Increased government investments in space technology
  

Restraints:

•   Government policies at the national and international levels.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Satellite's Growth Engines market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porters five force analysis highlighting factors affecting the Satellite's Growth Engines market in these regions.

IMPACT OF COVID-19 ON SATELLITE'S GROWTH ENGINES MARKET

Majority of the space sector firms have been able to cope with the impact of the current COVID-19 crisis as the investments for major space projects had been allocated prior to the onset of pandemic. However, a large number of small and medium-sized enterprises in the space industry have struggled due to the worldwide adoption of lockdown measures and hindrances in the global supply chain. There have been growing instances of reduction in government budgets and customer demand for space-related programs and projects. Nevertheless, space manufacturers and agencies have contributed to response efforts during the pandemic, by providing medical equipment, storage and processing capabilities for modelling and other research requirements, and high-speed connectivity to remote locations, as well as earth observation imagery for industry intelligence. Since satellite signals and data play an increasingly pivotal role in the functioning of societies and their economic development, the fast paced digitalization of economies limits the impact of COVID on the Satellite's Growth Engines market and the industry is expected to regain momentum in the coming years.

MARKET PLAYERS

The report covers key developments in the Satellite's Growth Engines market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Satellite's Growth Engines market are anticipated to lucrative growth opportunities in the future with the rising demand for Satellite's Growth Engines in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Satellite's Growth Engines market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Airbus S.A.S.
  
•   ArianeGroup
  
•   Capella Space
  
•   Lockheed Martin Corporation.
  
•   L3Harris Technologies, Inc.
  
•   Northrop Grumman
  
•   Safran S.A.
  
•   Spacex
  
•   Sierra Nevada Corporation.
  
•   Thales Group
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Satellite's Growth Engines Report Scope