Electric Propulsion Satellites Market Forecast, Trends, Scope by 2031
The Electric Propulsion Satellites Market is expected to register a CAGR of 16.4% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The market is segmented into by Propulsion Type, Satellite Type, Technology and End-User. The Propulsion Type segment is divided into Hybrid, Full-Electric. Based on Satellite Type, the global Electric Propulsion Satellites market is segmented into Nano Satellite, Microsatellite, Others. Based on Technolopgy, the market is segmented into Hall Effect Thruster (HET), Pulsed Plasma Thruster (PPT), Others. Based on End-User, the market is segmented into Commercial, Military.
Purpose of the ReportThe report Electric Propulsion Satellites Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Electric Propulsion Satellites Market Segmentation
Propulsion Type- Hybrid
- Full-Electric
- Nano Satellite
- Microsatellite
- Others
- Hall Effect Thruster
- Pulsed Plasma Thruster
- Commercial
- Military
- Commercial
- Military
Strategic Insights
Electric Propulsion Satellites Market Growth Drivers- Growing Demand for Satellite Services: The increasing demand for satellite communications, earth observation, and various other satellite services is a significant driver for the electric propulsion satellites market. As industries such as telecommunications, broadcasting, and remote sensing expand, there is a need for more satellites to meet the rising demand. Electric propulsion systems enable satellites to achieve greater efficiency, longer operational lifetimes, and the ability to maneuver more effectively in orbit, making them an attractive option for satellite manufacturers.
- Cost Efficiency and Reduced Launch Weight: Electric propulsion systems are known for their efficiency in fuel consumption and the ability to reduce the overall weight of satellites. Compared to traditional chemical propulsion systems, electric propulsion requires less propellant for the same amount of thrust over longer durations. This reduction in weight allows for more payload capacity during launches, ultimately lowering launch costs. As satellite operators seek to optimize their investments and improve the economics of satellite deployment, the demand for electric propulsion systems is expected to rise.
- Integration of Electric Propulsion in New Satellite Designs: There is a strong trend toward integrating electric propulsion systems into new satellite designs, particularly for large constellations of small satellites. Companies and organizations are increasingly recognizing the benefits of electric propulsion for maintaining orbits, performing station-keeping maneuvers, and extending satellite lifetimes. This trend is leading to a shift in how satellites are designed and deployed, with a focus on maximizing efficiency and operational capabilities through electric propulsion.
- Growth of Mega-constellations: The emergence of mega-constellations, such as those being developed by Starlink, OneWeb, and others, is significantly influencing the electric propulsion satellites market. These large satellite networks require efficient propulsion systems to manage the substantial number of satellites in orbit while ensuring proper spacing and orbital maintenance. Electric propulsion is particularly well-suited for these applications due to its efficiency, allowing for effective management of large constellations and enabling ongoing service delivery to users on the ground.
- Collaboration and Partnerships in Technology Development: Collaborations between satellite manufacturers, propulsion system developers, and research institutions present significant opportunities for innovation in electric propulsion technologies. By pooling resources and expertise, stakeholders can accelerate the development of new propulsion systems, enhance performance capabilities, and reduce costs. These partnerships can lead to breakthroughs that improve the overall efficiency and effectiveness of electric propulsion satellites, creating a competitive advantage in the market.
- Focus on Sustainability and Space Debris Management: As concerns about space debris and the sustainability of space operations grow, electric propulsion systems have the potential to offer solutions for debris mitigation and satellite end-of-life management. The ability of electric propulsion systems to perform precise maneuvers can facilitate the controlled deorbiting of satellites, reducing the risk of collisions and contributing to a more sustainable space environment. Companies that develop strategies and technologies focused on sustainability in satellite operations can position themselves favorably in a market increasingly concerned with the long-term impact of space activities.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Electric Propulsion Satellites Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Electric Propulsion Satellites Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
The Electric Propulsion Satellites Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Propulsion Type (Hybrid, Full-Electric); Satellite Type (Nano Satellite, Microsatellite, Others); Technology (Hall Effect Thruster (HET), Pulsed Plasma Thruster (PPT), Others); End-User (Commercial, Military) , and Geography (North America, Europe, Asia Pacific, and South and Central America) is estimated to witness a CAGR of 16.4% from 2023 to 2031
The major factors driving the Electric Propulsion Satellitesmarket are: Improved Propulsion Efficiency
Sustainability Operations
Airbus S.A.S.,ArianeGroup GmbH,Boeing,Busek Co. Inc,Northrop Grumman Corporation,Safran,Sitael S.p.A.,Thales Group,H3X Technologies,Bellatrix Aerospace,OHB System
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electric Propulsion Satellites Market - By Propulsion Type
1.3.2 Electric Propulsion Satellites Market - By Satellite Type
1.3.3 Electric Propulsion Satellites Market - By Technology
1.3.4 Electric Propulsion Satellites Market - By End-User
1.3.5 Electric Propulsion Satellites Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTRIC PROPULSION SATELLITES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ELECTRIC PROPULSION SATELLITES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ELECTRIC PROPULSION SATELLITES MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRIC PROPULSION SATELLITES - GLOBAL MARKET OVERVIEW
6.2. ELECTRIC PROPULSION SATELLITES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRIC PROPULSION SATELLITES MARKET - REVENUE AND FORECASTS TO 2028 - PROPULSION TYPE
7.1. OVERVIEW
7.2. PROPULSION TYPE MARKET FORECASTS AND ANALYSIS
7.3. HYBRID
7.3.1. Overview
7.3.2. Hybrid Market Forecast and Analysis
7.4. FULL-ELECTRIC
7.4.1. Overview
7.4.2. Full-Electric Market Forecast and Analysis
8. ELECTRIC PROPULSION SATELLITES MARKET - REVENUE AND FORECASTS TO 2028 - SATELLITE TYPE
8.1. OVERVIEW
8.2. SATELLITE TYPE MARKET FORECASTS AND ANALYSIS
8.3. NANO SATELLITE
8.3.1. Overview
8.3.2. Nano Satellite Market Forecast and Analysis
8.4. MICROSATELLITE
8.4.1. Overview
8.4.2. Microsatellite Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. ELECTRIC PROPULSION SATELLITES MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
9.1. OVERVIEW
9.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
9.3. HALL EFFECT THRUSTER (HET)
9.3.1. Overview
9.3.2. Hall Effect Thruster (HET) Market Forecast and Analysis
9.4. PULSED PLASMA THRUSTER (PPT)
9.4.1. Overview
9.4.2. Pulsed Plasma Thruster (PPT) Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. ELECTRIC PROPULSION SATELLITES MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
10.1. OVERVIEW
10.2. END-USER MARKET FORECASTS AND ANALYSIS
10.3. COMMERCIAL
10.3.1. Overview
10.3.2. Commercial Market Forecast and Analysis
10.4. MILITARY
10.4.1. Overview
10.4.2. Military Market Forecast and Analysis
11. ELECTRIC PROPULSION SATELLITES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Electric Propulsion Satellites Market Overview
11.1.2 North America Electric Propulsion Satellites Market Forecasts and Analysis
11.1.3 North America Electric Propulsion Satellites Market Forecasts and Analysis - By Propulsion Type
11.1.4 North America Electric Propulsion Satellites Market Forecasts and Analysis - By Satellite Type
11.1.5 North America Electric Propulsion Satellites Market Forecasts and Analysis - By Technology
11.1.6 North America Electric Propulsion Satellites Market Forecasts and Analysis - By End-User
11.1.7 North America Electric Propulsion Satellites Market Forecasts and Analysis - By Countries
11.1.7.1 United States Electric Propulsion Satellites Market
11.1.7.1.1 United States Electric Propulsion Satellites Market by Propulsion Type
11.1.7.1.2 United States Electric Propulsion Satellites Market by Satellite Type
11.1.7.1.3 United States Electric Propulsion Satellites Market by Technology
11.1.7.1.4 United States Electric Propulsion Satellites Market by End-User
11.1.7.2 Canada Electric Propulsion Satellites Market
11.1.7.2.1 Canada Electric Propulsion Satellites Market by Propulsion Type
11.1.7.2.2 Canada Electric Propulsion Satellites Market by Satellite Type
11.1.7.2.3 Canada Electric Propulsion Satellites Market by Technology
11.1.7.2.4 Canada Electric Propulsion Satellites Market by End-User
11.1.7.3 Mexico Electric Propulsion Satellites Market
11.1.7.3.1 Mexico Electric Propulsion Satellites Market by Propulsion Type
11.1.7.3.2 Mexico Electric Propulsion Satellites Market by Satellite Type
11.1.7.3.3 Mexico Electric Propulsion Satellites Market by Technology
11.1.7.3.4 Mexico Electric Propulsion Satellites Market by End-User
11.2. EUROPE
11.2.1 Europe Electric Propulsion Satellites Market Overview
11.2.2 Europe Electric Propulsion Satellites Market Forecasts and Analysis
11.2.3 Europe Electric Propulsion Satellites Market Forecasts and Analysis - By Propulsion Type
11.2.4 Europe Electric Propulsion Satellites Market Forecasts and Analysis - By Satellite Type
11.2.5 Europe Electric Propulsion Satellites Market Forecasts and Analysis - By Technology
11.2.6 Europe Electric Propulsion Satellites Market Forecasts and Analysis - By End-User
11.2.7 Europe Electric Propulsion Satellites Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Electric Propulsion Satellites Market
11.2.7.1.1 Germany Electric Propulsion Satellites Market by Propulsion Type
11.2.7.1.2 Germany Electric Propulsion Satellites Market by Satellite Type
11.2.7.1.3 Germany Electric Propulsion Satellites Market by Technology
11.2.7.1.4 Germany Electric Propulsion Satellites Market by End-User
11.2.7.2 France Electric Propulsion Satellites Market
11.2.7.2.1 France Electric Propulsion Satellites Market by Propulsion Type
11.2.7.2.2 France Electric Propulsion Satellites Market by Satellite Type
11.2.7.2.3 France Electric Propulsion Satellites Market by Technology
11.2.7.2.4 France Electric Propulsion Satellites Market by End-User
11.2.7.3 Italy Electric Propulsion Satellites Market
11.2.7.3.1 Italy Electric Propulsion Satellites Market by Propulsion Type
11.2.7.3.2 Italy Electric Propulsion Satellites Market by Satellite Type
11.2.7.3.3 Italy Electric Propulsion Satellites Market by Technology
11.2.7.3.4 Italy Electric Propulsion Satellites Market by End-User
11.2.7.4 United Kingdom Electric Propulsion Satellites Market
11.2.7.4.1 United Kingdom Electric Propulsion Satellites Market by Propulsion Type
11.2.7.4.2 United Kingdom Electric Propulsion Satellites Market by Satellite Type
11.2.7.4.3 United Kingdom Electric Propulsion Satellites Market by Technology
11.2.7.4.4 United Kingdom Electric Propulsion Satellites Market by End-User
11.2.7.5 Russia Electric Propulsion Satellites Market
11.2.7.5.1 Russia Electric Propulsion Satellites Market by Propulsion Type
11.2.7.5.2 Russia Electric Propulsion Satellites Market by Satellite Type
11.2.7.5.3 Russia Electric Propulsion Satellites Market by Technology
11.2.7.5.4 Russia Electric Propulsion Satellites Market by End-User
11.2.7.6 Rest of Europe Electric Propulsion Satellites Market
11.2.7.6.1 Rest of Europe Electric Propulsion Satellites Market by Propulsion Type
11.2.7.6.2 Rest of Europe Electric Propulsion Satellites Market by Satellite Type
11.2.7.6.3 Rest of Europe Electric Propulsion Satellites Market by Technology
11.2.7.6.4 Rest of Europe Electric Propulsion Satellites Market by End-User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Electric Propulsion Satellites Market Overview
11.3.2 Asia-Pacific Electric Propulsion Satellites Market Forecasts and Analysis
11.3.3 Asia-Pacific Electric Propulsion Satellites Market Forecasts and Analysis - By Propulsion Type
11.3.4 Asia-Pacific Electric Propulsion Satellites Market Forecasts and Analysis - By Satellite Type
11.3.5 Asia-Pacific Electric Propulsion Satellites Market Forecasts and Analysis - By Technology
11.3.6 Asia-Pacific Electric Propulsion Satellites Market Forecasts and Analysis - By End-User
11.3.7 Asia-Pacific Electric Propulsion Satellites Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Electric Propulsion Satellites Market
11.3.7.1.1 Australia Electric Propulsion Satellites Market by Propulsion Type
11.3.7.1.2 Australia Electric Propulsion Satellites Market by Satellite Type
11.3.7.1.3 Australia Electric Propulsion Satellites Market by Technology
11.3.7.1.4 Australia Electric Propulsion Satellites Market by End-User
11.3.7.2 China Electric Propulsion Satellites Market
11.3.7.2.1 China Electric Propulsion Satellites Market by Propulsion Type
11.3.7.2.2 China Electric Propulsion Satellites Market by Satellite Type
11.3.7.2.3 China Electric Propulsion Satellites Market by Technology
11.3.7.2.4 China Electric Propulsion Satellites Market by End-User
11.3.7.3 India Electric Propulsion Satellites Market
11.3.7.3.1 India Electric Propulsion Satellites Market by Propulsion Type
11.3.7.3.2 India Electric Propulsion Satellites Market by Satellite Type
11.3.7.3.3 India Electric Propulsion Satellites Market by Technology
11.3.7.3.4 India Electric Propulsion Satellites Market by End-User
11.3.7.4 Japan Electric Propulsion Satellites Market
11.3.7.4.1 Japan Electric Propulsion Satellites Market by Propulsion Type
11.3.7.4.2 Japan Electric Propulsion Satellites Market by Satellite Type
11.3.7.4.3 Japan Electric Propulsion Satellites Market by Technology
11.3.7.4.4 Japan Electric Propulsion Satellites Market by End-User
11.3.7.5 South Korea Electric Propulsion Satellites Market
11.3.7.5.1 South Korea Electric Propulsion Satellites Market by Propulsion Type
11.3.7.5.2 South Korea Electric Propulsion Satellites Market by Satellite Type
11.3.7.5.3 South Korea Electric Propulsion Satellites Market by Technology
11.3.7.5.4 South Korea Electric Propulsion Satellites Market by End-User
11.3.7.6 Rest of Asia-Pacific Electric Propulsion Satellites Market
11.3.7.6.1 Rest of Asia-Pacific Electric Propulsion Satellites Market by Propulsion Type
11.3.7.6.2 Rest of Asia-Pacific Electric Propulsion Satellites Market by Satellite Type
11.3.7.6.3 Rest of Asia-Pacific Electric Propulsion Satellites Market by Technology
11.3.7.6.4 Rest of Asia-Pacific Electric Propulsion Satellites Market by End-User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Electric Propulsion Satellites Market Overview
11.4.2 Middle East and Africa Electric Propulsion Satellites Market Forecasts and Analysis
11.4.3 Middle East and Africa Electric Propulsion Satellites Market Forecasts and Analysis - By Propulsion Type
11.4.4 Middle East and Africa Electric Propulsion Satellites Market Forecasts and Analysis - By Satellite Type
11.4.5 Middle East and Africa Electric Propulsion Satellites Market Forecasts and Analysis - By Technology
11.4.6 Middle East and Africa Electric Propulsion Satellites Market Forecasts and Analysis - By End-User
11.4.7 Middle East and Africa Electric Propulsion Satellites Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Electric Propulsion Satellites Market
11.4.7.1.1 South Africa Electric Propulsion Satellites Market by Propulsion Type
11.4.7.1.2 South Africa Electric Propulsion Satellites Market by Satellite Type
11.4.7.1.3 South Africa Electric Propulsion Satellites Market by Technology
11.4.7.1.4 South Africa Electric Propulsion Satellites Market by End-User
11.4.7.2 Saudi Arabia Electric Propulsion Satellites Market
11.4.7.2.1 Saudi Arabia Electric Propulsion Satellites Market by Propulsion Type
11.4.7.2.2 Saudi Arabia Electric Propulsion Satellites Market by Satellite Type
11.4.7.2.3 Saudi Arabia Electric Propulsion Satellites Market by Technology
11.4.7.2.4 Saudi Arabia Electric Propulsion Satellites Market by End-User
11.4.7.3 U.A.E Electric Propulsion Satellites Market
11.4.7.3.1 U.A.E Electric Propulsion Satellites Market by Propulsion Type
11.4.7.3.2 U.A.E Electric Propulsion Satellites Market by Satellite Type
11.4.7.3.3 U.A.E Electric Propulsion Satellites Market by Technology
11.4.7.3.4 U.A.E Electric Propulsion Satellites Market by End-User
11.4.7.4 Rest of Middle East and Africa Electric Propulsion Satellites Market
11.4.7.4.1 Rest of Middle East and Africa Electric Propulsion Satellites Market by Propulsion Type
11.4.7.4.2 Rest of Middle East and Africa Electric Propulsion Satellites Market by Satellite Type
11.4.7.4.3 Rest of Middle East and Africa Electric Propulsion Satellites Market by Technology
11.4.7.4.4 Rest of Middle East and Africa Electric Propulsion Satellites Market by End-User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Electric Propulsion Satellites Market Overview
11.5.2 South and Central America Electric Propulsion Satellites Market Forecasts and Analysis
11.5.3 South and Central America Electric Propulsion Satellites Market Forecasts and Analysis - By Propulsion Type
11.5.4 South and Central America Electric Propulsion Satellites Market Forecasts and Analysis - By Satellite Type
11.5.5 South and Central America Electric Propulsion Satellites Market Forecasts and Analysis - By Technology
11.5.6 South and Central America Electric Propulsion Satellites Market Forecasts and Analysis - By End-User
11.5.7 South and Central America Electric Propulsion Satellites Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Electric Propulsion Satellites Market
11.5.7.1.1 Brazil Electric Propulsion Satellites Market by Propulsion Type
11.5.7.1.2 Brazil Electric Propulsion Satellites Market by Satellite Type
11.5.7.1.3 Brazil Electric Propulsion Satellites Market by Technology
11.5.7.1.4 Brazil Electric Propulsion Satellites Market by End-User
11.5.7.2 Rest of South and Central America Electric Propulsion Satellites Market
11.5.7.2.1 Rest of South and Central America Electric Propulsion Satellites Market by Propulsion Type
11.5.7.2.2 Rest of South and Central America Electric Propulsion Satellites Market by Satellite Type
11.5.7.2.3 Rest of South and Central America Electric Propulsion Satellites Market by Technology
11.5.7.2.4 Rest of South and Central America Electric Propulsion Satellites Market by End-User
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. ELECTRIC PROPULSION SATELLITES MARKET, KEY COMPANY PROFILES
13.1. ACCION SYSTEMS
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. AEROJET ROCKETDYNE HOLDINGS, INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. AIRBUS S.A.S.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. ARIANEGROUP GMBH
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. BOEING
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. BUSEK CO. INC
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. NORTHROP GRUMMAN CORPORATION
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SAFRAN
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SITAEL S.P.A.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. THALES GROUP
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
2. Aerojet Rocketdyne Holdings, Inc.
3. Airbus S.A.S.
4. ArianeGroup GmbH
5. Boeing
6. Busek Co. Inc
7. Northrop Grumman Corporation
8. Safran
9. Sitael S.p.A.
10. Thales Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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