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The satellite propulsion system market size is forecast to increase by USD 15.34 billion at a CAGR of 8.76% between 2023 and 2028. The market is experiencing significant growth due to the emergence of low-cost satellites small satellite , driving the demand for cost-effective propulsion solutions. Inert gases, such as xenon and krypton, continue to dominate the propulsion market due to their high specific impulse and efficiency. However, the insufficient thrust generation with all-electric propulsion systems is a major challenge, limiting their application in larger satellites and geostationary orbits. The market is also witnessing the adoption of hybrid propulsion systems, which combine the advantages of both chemical and electric propulsion, to address the limitations of individual systems. Overall, the market is expected to grow steadily, driven by advancements in technology and the increasing demand for cost-effective and efficient propulsion solutions.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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