All-Electric Satellite Trends and Forecast
The future of the global all-electric satellite market looks promising with opportunities in the commercial communication, military surveillance, earth observation & remote sensing, and research & development markets. The global all-electric satellite market is expected to grow with a CAGR of 10.5% from 2024 to 2030. The major drivers for this market are growing demand for cost-effective & efficient satellite solutions, increasing focus on sustainable & environmentally friendly space missions, and expansion of satellite internet & communication networks.
• Lucintel forecasts that low earth orbit is expected to witness the highest growth over the forecast period.
• Within this market, commercial communication is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Boeing announced plans to launch all-electric satellites using Xenon ion propulsion, aiming for increased efficiency and reduced operational costs.
France: Thales Alenia Space collaborated with the government on a project to develop next-gen all-electric satellites, focusing on sustainability and long-term space exploration goals.
Japan: Mitsubishi Electric Corporation set targets to increase its market share in the all-electric satellite segment by 15% through innovative propulsion technologies and strategic partnerships.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
All-Electric Satellite by Segment
The study includes a forecast for the global all-electric satellite by type, application, and region.
All-Electric Satellite Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Low Earth Orbit
• Medium Earth Orbit
• Geosynchronous
All-Electric Satellite Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Commercial Communications
• Military Surveillance
• Earth Observation & Remote Sensing
• Research & Development
• Others
All-Electric Satellite Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of All-Electric Satellite Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies all-electric satellite companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the all-electric satellite companies profiled in this report include-
• The Boeing Company
• Airbus
• Lockheed Martin Corporation
• The Raytheon Company
• Northrop Grumman Corporation
• Safran Aircraft Engines Maxar Technologies
• Intelsat Corporation
Recent Development in the All-Electric Satellite Market
Boeing: Introduced all-electric satellites using Xenon ion propulsion for enhanced efficiency and cost-effectiveness in space missions.
Airbus Defence and Space: Unveiled plans for developing advanced all-electric satellites with extended mission lifespans, targeting sustainable space exploration and communication solutions.
Thales Alenia Space: Collaborated with government agencies on developing next-gen all-electric satellites, emphasizing environmental sustainability and technological innovation.
Mitsubishi Electric Corporation: Set targets to increase market share in all-electric satellites through advanced propulsion technologies and strategic partnerships, focusing on efficiency and reliability in satellite missions.
Northrop Grumman: Launched initiatives for all-electric satellite propulsion systems, aiming to revolutionize space exploration with eco-friendly and cost-efficient solutions.
Features of the Global All-Electric Satellite Market
Market Size Estimates: All-electric satellite market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: All-electric satellite market size by type, application, and region in terms of value ($B).
Regional Analysis: All-electric satellite market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the all-electric satellite market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the all-electric satellite market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for all-electric satellite market?
Answer: The global all-electric satellite market is expected to grow with a CAGR of 10.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the all-electric satellite market?
Answer: The major drivers for this market are growing demand for cost-effective & efficient satellite solutions, increasing focus on sustainable & environmentally friendly space missions, and expansion of satellite internet & communication networks.
Q3. What are the major segments for all-electric satellite market?
Answer: The future of the all-electric satellite market looks promising with opportunities in the commercial communication, military surveillance, earth observation & remote sensing, and research & development markets.
Q4. Who are the key all-electric satellite market companies?
Answer: Some of the key all-electric satellite companies are as follows:
• The Boeing Company
• Airbus
• Lockheed Martin Corporation
• The Raytheon Company
• Northrop Grumman Corporation
• Safran Aircraft Engines Maxar Technologies
• Intelsat Corporation
Q5. Which all-electric satellite market segment will be the largest in future?
Answer: Lucintel forecasts that low earth orbit is expected to witness the highest growth over the forecast period.
Q6. In all-electric satellite market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the all-electric satellite market by type (low earth orbit, medium earth orbit, and geosynchronous), application (commercial communications, military surveillance, earth observation & remote sensing, research & development, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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