SOLAR ELECTRIC PROPULSION (SEP) MARKET 

INTRODUCTION

A propulsion system known as solar electric propulsion (SEP) uses electricity produced by solar panels to accelerate charged particles, often ions, to produce thrust.

For space missions requiring a low-thrust, high-efficiency propulsion system, such as deep space exploration, satellite station-keeping, and cargo delivery, SEP is seen as a very promising technology.

The electrical power produced by solar panels is often employed by SEP systems to ionise fuel and accelerate the resultant ions through an electric field to produce propulsion.

SEP has a number of benefits over conventional chemical propulsion systems, including higher specific impulse (which translates to more effective propellant consumption), a longer operational lifetime, and the capacity to carry out accurate manoeuvres for an extended period of time.

SOLAR ELECTRIC PROPULSION (SEP) MARKET SIZE AND FORECAST

Global Solar electric Propulsion (SEP) Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

SOLAR ELECTRIC PROPULSION (SEP) MARKETNEW PRODUCT LAUNCH

Moreover, NASA is working on its own solar-powered propulsion system. Aerojet Rocketdyne and NASA's Glenn Research Center and Jet Propulsion Lab are collaborating on the project.

A robotic probe that will collect a fragment of a nearby asteroid and set it in orbit around the Moon will be used by NASA to test out the solar electric propulsion system. 

In order to create a cutting-edge Solar Electric Propulsion (SEP) system for next deep-space missions, NASA has spent in Aerojet Rocketdyne  The propulsion mechanism might be applied to robotic asteroid expeditions as well as other NASA Journey to Mars-related projects.

Aerojet Rocketdyne is in charge of developing, delivering, and testing a SEP product as per the terms of the contractThe research, certification, and flight of electric propulsion systems that enable civil, defence, and commercial missions for multiple customers are led by Aerojet Rocketdyne, which holds the world record.

To date, more than 250 spacecraft have been equipped with their more than 600 electric propulsion thrusters SEP is cited by Aerojet as a facilitator for the Exploration Gateway Platform, a viable strategy in NASA's Human Space program.

SOLAR ELECTRIC PROPULSION (SEP) MARKETCOMPANY PROFILE

• Northrop Grumman
• Maxar Technologies
• Boeing
• Airbus Defence and Space
• Aerojet Rocketdyne

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS OFSOLAR ELECTRIC PROPULSION (SEP) MARKET

1. How many Solar electric Propulsion (SEP) are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Solar electric Propulsion (SEP) and key vendor selection criteria
3. Where is the Solar electric Propulsion (SEP) manufactured? What is the average margin per unit?
4. Market share of Global Solar electric Propulsion (SEP) market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Solar electric Propulsion (SEP) in-house
6. key predictions for next 5 years in Global Solar electric Propulsion (SEP) market
7. Average B-2-B Solar electric Propulsion (SEP) market price in all segments
8. Latest trends in Solar electric Propulsion (SEP) market, by every market segment
9. The market size (both volume and value) of the Solar electric Propulsion (SEP) market in 2024-2030 and every year in between?
10. Production breakup of Solar electric Propulsion (SEP) market, by suppliers and their OEM relationship