All-Electric Satellites Market

All-Electric Satellites Market Outlook

The global all-electric satellite market is estimated to grow at a dexterous CAGR of over 11% during the forecast period (2019-2029) and reach a value pool of over US$ 18 Bn.

The slowdown in global economic growth has had a certain effect on the global market for all-electric satellites.

Despite this, it is expected to retain a fairly optimistic growth through 2029. All-electric satellites are increasingly becoming the solution of choice for propulsion systems on board many types of satellite platforms over the last few years.

The most notable indication of this phenomenon is the ever-growing inclusion of all-electric satellites for telecommunication systems, which is fueling both increased demand for existing electric propulsion systems and the production of new components.

The industry is expected to see many more operators choosing all-electric satellite solutions as part of their future and current missions, with the prospect of low weight and longer mission lives attracting the operator’s attention.

Commercial Communication Applications to Remain in Forefront

The commercial communication application segment holds a notable share of more than 30% in the global all-electric satellite market.

With the increasing demand for satellite oriented services such as inflight connectivity, seafaring broadband services along with growth in the telecommunications sector, the demand for all-electric satellites in the commercial communication segment is anticipated to be the highest.

The introduction of emerging technologies such as reconfigurable on-board processors (on-board digital processing payloads) and on-board switching techniques is expected to further improve satellite communication with all-electric satellite technology and protocol implementations.

APAC to Lead with Burgeoning Demand from Communication Services

Presently, North America holds the most significant share in the global all-electric satellite market in 2018 (~35%). The presence of notable space organizations such as National Aeronautics and Space Administration (NASA) is attributing to such growth.

However, with the burgeoning demand for communication services in the APAC, it is anticipated that the region will increase investments in communication satellites during the forecast period and will exhibit a growth rate of over 14%.

Countries such as India, China and Japan, among others, account for the majority of the demand for sectors such as military and commercial communication.

This is due to government promotional policies to make their aeronautical, maritime and military industries healthier.

Technological Improvements to Remain Key Market Imperative

The global all-electric satellite market is consolidated in nature with a few industry giants such as Airbus SE, The Boeing Company and Ariane Group acquiring the top shares.

All-electric satellites are expected to perform exceptionally well with respect to being economic. Over time, more businesses will be selling this type of technology. Some of the key developments in the all-electric satellite market are:

• In March 2020, Boeing SA and Lockheed Martin were chosen under the U.S., Protected Tactical Satcom (PTS) program to develop jam-resistant communications devices. Boeing and Lockheed Martin each won contracts worth US$ 191 million and US$ 240 million respectively. These two companies will be joining Northrop Grumman as the three largest contractors for designing.
• In August 2018, Eutelsat aimed to replace its most valuable set of broadcast satellites with two larger all-electric satellites from Airbus.

All-electric satellite manufacturers are now trying to figure out how to maximize their share of the electric propulsion market, while not ignoring more conventional customers.

Nevertheless, the allure of economies of scale and less reliance on foreign suppliers in the all-electric satellite industry makes vertical integration difficult to bear.

Global All-Electric Satellites Market: In-Depth Assessment on Key Segments

The global all-electric satellites market is segmented on the basis of propulsion type, satellite type, application and region.

• By Propulsion Type :

  • Electrostatic
  • Electrothermal
  • Electromagnetic
  • Photonic

• By Satellite Type :

  • LEO (Low Earth Orbit)
  • MEO (Medium Earth Orbit)
  • GEO (Geosynchronous Earth Orbit)

• By Application :

  • Commercial Communications
  • Military Surveillance
  • Earth Observation & Remote Sensing
  • Research and Development

• By Region :

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited

Country-specific assessment on demand for all-electric ;satellites has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous all-electric ;satellites manufacturers and experts.

Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries.

The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global all-electric satellites market.

Some of the major competitors operating in the all-electric satellites market are The Boeing Company, Airbus SE, Northrop Grumman Corporation, The Raytheon Company, Lockheed Martin Corporation, Safran Aircraft Engines Maxar Technologies, Viasat, Inc., Intelsat Corporation and others.