LEO-focused Satellite Propulsion Technology Markets, 2031 - Rising Demand for Smaller Telecom and Commercial Earth Observation Satellites in Low Earth Orbit (LEO)
The global LEO-focused satellite propulsion technology market is expected to reach $13,212.7 million by 2031, with a CAGR of 6.98% during the forecast period 2021- 2031.
- The global LEO-focused satellite propulsion technology market is expected to reach $13,212.7 million by 2031, with a CAGR of 6.98% during the forecast period 2021- 2031.
- In addition, increasing demand for building efficient propulsion systems s at low cost are key drivers for the growth of the global LEO-focused satellite propulsion technology market.
- Currently, many space agencies and commercial companies across the globe have been focusing on developing low Earth orbit (LEO) satellite constellations.
- Electric propulsion is the most prominent propulsion system contributing to the global LEO-focused satellite propulsion technology market.