전기 추진 시스템 시장 보고서 : 동향, 예측 및 경쟁 분석(-2031년)

The future of the global electric propulsion system market looks promising with opportunities in the aerospace and shipbuilding markets. The global electric propulsion system market is expected to grow with a CAGR of 13.6% from 2025 to 2031. The major drivers for this market are the increasing demand for sustainable aviation technologies, the rising adoption of electric aircraft propulsion systems, and the growing investments in green aviation solutions.

• Lucintel forecasts that, within the type category, hall effect thruster is expected to witness the highest growth over the forecast period.
• Within the application category, aerospace is expected to witness higher growth.
• In terms of region, APAC is expected to witness the highest growth over the forecast period.

Emerging Trends in the Electric Propulsion System Market

Emerging trends are reshaping the electric propulsion system market by focusing on enhanced efficiency, quality, and flexibility. These trends are a direct response to the industry's need for more streamlined production processes, stringent quality control, and the ability to adapt to a wider range of applications. The goal is to make electric propulsion a more predictable, precise, and cost-effective process, ultimately improving sustainability and performance.

• Integrated Drive Systems: A key trend is the development of highly integrated electric drive units (EDUs) that combine motors, inverters, and gearboxes into a single, compact assembly. The impact is enhanced efficiency, reduced weight, and simplified manufacturing. This integrated approach minimizes components, reduces the need for complex cabling, and allows for better thermal management, which is crucial for improving the range and performance of electric vehicles.
• Miniaturization for Small Satellites: The market is seeing a trend toward the miniaturization of electric propulsion systems for nanosatellites and microsatellites. The impact is a more efficient and cost-effective approach to space missions. These compact systems enable small satellites to perform crucial maneuvers like orbit-raising and station-keeping, which extends their operational life and makes them a more viable option for various commercial and scientific applications.
• Hybrid-Electric Architectures: There is a trend towards the development of hybrid-electric propulsion architectures that combine traditional combustion engines with electric systems. The impact is greater flexibility and reliability. These systems are particularly beneficial in aviation and marine applications, where they can be used to optimize power generation, improve fuel efficiency, and reduce emissions without compromising on performance.
• Advanced Propellant Use: The market is seeing a growing trend toward using alternative and more accessible propellants for electric propulsion, such as iodine and water vapor. The impact is a reduction in costs and a more sustainable approach to space travel. These propellants are more readily available and safer to handle than traditional noble gases like xenon, which is an important consideration for the commercial space sector.
• Focus on Power Management: A key trend is the development of advanced power processing units and battery management systems. The impact is improved system reliability and performance. These smart systems are crucial for efficiently managing the power flow from batteries and solar panels to the thrusters, ensuring consistent performance and extending the mission life of a spacecraft or the range of an electric vehicle.

These emerging trends are fundamentally reshaping the electric propulsion system market by transforming it into a more efficient, data-driven, and adaptable industry. The focus has shifted to integration, miniaturization, and sustainability, which is not only driving market growth but also enabling manufacturers to produce a new generation of cleaner and more advanced products for a wide range of applications.

Recent Developments in the Electric Propulsion System Market

Recent developments in the electric propulsion system market are focused on improving the speed, accuracy, and overall effectiveness of the manufacturing process. These developments are a direct response to the urgent need to combat production bottlenecks and ensure the structural integrity of new aircraft. The goal is to provide manufacturers with a comprehensive range of solutions that can meet modern production challenges.

• Launch of High-Power Hall Effect Thrusters: A significant development is the launch of new, high-power Hall effect thrusters with improved efficiency and thrust. The impact is the ability to support larger satellites and more ambitious space missions. These advanced thrusters can perform complex maneuvers with less propellant, which extends the operational life of a spacecraft and enables more complex interplanetary missions.
• Advancements in Integrated Electric Drive Units: A key development is the continuous advancement in integrated electric drive units (EDUs) for electric vehicles. The impact is a streamlined design and enhanced performance. These all-in-one systems reduce the number of components and the overall weight of a vehicle's powertrain, which is crucial for improving its range and overall energy efficiency.
• Strategic Collaborations and Partnerships: The market has seen a development in strategic collaborations between space agencies, automotive companies, and technology firms. The impact is an acceleration of innovation. These collaborations are leading to the development of novel solutions, such as AI-powered energy management systems and new material science for thruster components, which are helping to solve some of the most complex challenges in electric propulsion.
• Development of Hybrid-Electric Aircraft: Recent developments include the launch of new hybrid-electric aircraft and eVTOL (electric Vertical Take-Off and Landing) prototypes. The impact is a significant push towards a greener and more efficient aviation sector. These new aircraft are designed to reduce carbon emissions and noise pollution, which is crucial for urban air mobility and the future of commercial flight.
• Focus on Marine Applications: The market is seeing a development in the launch of electric propulsion systems specifically designed for marine applications, such as ferries and workboats. The impact is a more sustainable and cost-effective approach to maritime transport. These systems reduce reliance on fossil fuels and lower operational costs, which is an important consideration for a sector that is increasingly focused on reducing its carbon footprint.

These developments are having a profound impact on the electric propulsion system market by accelerating the transition to a more modern and integrated model. The focus on new technologies, automation, and a holistic approach to process efficiency is not only driving market growth but also enabling manufacturers to produce cleaner and more advanced products for a wide range of applications.

Strategic Growth Opportunities in the Electric Propulsion System Market

Strategic growth opportunities in the electric propulsion system market are concentrated on key applications and technologies that address the evolving needs of the industry. These opportunities are driven by the rising demand for new aircraft, the push for more efficient manufacturing processes, and the need for equipment that can handle a wider range of materials. The focus is on leveraging innovation to capture new market segments.

• Small Satellite Constellations: The greatest growth opportunity lies in providing electric propulsion systems for the rapidly growing market of small satellite constellations. The impact is a more efficient and sustainable approach to global communication and Earth observation. These systems enable satellites to perform station-keeping and de-orbiting maneuvers, which extends their operational life and mitigates space debris.
• Urban Air Mobility: A key strategic opportunity is in providing electric propulsion systems for the emerging urban air mobility (UAM) sector, including air taxis and delivery drones. The impact is a new, high-growth market segment. The unique requirements of these applications, such as high power density and reliability, are creating a demand for new and innovative electric propulsion systems.
• Maritime and Marine Applications: The rising demand for electric and hybrid-electric vessels presents a strategic opportunity for electric propulsion system manufacturers. The impact is a significant push towards a cleaner and more efficient maritime sector. These systems reduce fuel consumption and emissions, which is crucial for a sector that is increasingly regulated to reduce its carbon footprint.
• Defense and Government Programs: The increasing investment in defense and government space programs is a significant growth opportunity. The impact is a sustained demand for advanced electric propulsion systems for military satellites and strategic missions. These programs require highly reliable and powerful thrusters, which creates a lucrative segment for specialized manufacturers.
• Aftermarket and Retrofitting Services: The rising trend of converting existing vehicles and vessels to electric propulsion presents a growth opportunity in the aftermarket. The impact is a cost-effective way to transition to cleaner technology. Companies that can provide retrofitting services and components for older vehicles, such as ferries and workboats, can capture a significant portion of the market.

These strategic growth opportunities are reshaping the electric propulsion system market by diversifying its applications and integrating it into a broader manufacturing and R&D landscape. The focus on new technologies, specialized applications, and a flexible approach is driving market innovation and positioning electric propulsion as a central tool for modernizing and enhancing transportation and space exploration.

Electric Propulsion System Market Driver and Challenges

Major drivers and challenges impacting the electric propulsion system market are a complex interplay of technological, economic, and regulatory factors. These forces are influencing market growth and shaping the competitive landscape. While the increasing demand for sustainable solutions and a growing focus on efficiency are propelling the market forward, issues related to high costs, technological limitations, and a lack of supportive infrastructure pose significant hurdles.

The factors responsible for driving the electric propulsion system market include:

1. Focus on Sustainability: The increasing global focus on sustainability and the need to reduce greenhouse gas emissions are a primary market driver. This growing environmental concern is pushing industries like automotive, aerospace, and marine to adopt cleaner technologies, which is fueling the demand for electric propulsion systems.

2. Technological Advancements: Significant technological advancements in battery technology, power electronics, and motor design are a major driver. These innovations are improving the performance, efficiency, and reliability of electric propulsion systems, which is making them a more viable and attractive alternative to traditional propulsion methods.

3. Government Support and Regulations: Favorable government policies, subsidies, and strict emission regulations are a key driver. Governments worldwide are providing financial incentives for the adoption of electric vehicles and sustainable technologies, which is creating a strong market for electric propulsion systems and driving investment in the sector.

4. Growth of the Space Sector: The rapid growth of the commercial space sector, particularly the deployment of large satellite constellations, is a significant driver. Electric propulsion systems are essential for these missions as they offer high fuel efficiency and longer operational life, which is a major factor for market growth.

5. Reduced Operational Costs: The lower operational and maintenance costs of electric propulsion systems compared to traditional methods are a major driver. This economic advantage, combined with reduced fuel consumption, is making them an attractive option for fleet operators and commercial companies across various industries.

Challenges in the electric propulsion system market are:

1. High Initial Investment Cost: The significant initial capital investment required for electric propulsion systems and the associated infrastructure is a major challenge. The high cost of batteries and other key components can be a barrier for small and mid-sized companies, limiting their ability to upgrade their fleets and adopt new technologies.

2. Technological Limitations: A key challenge is the technological limitations of current electric propulsion systems, such as the low thrust-to-weight ratio in some aerospace applications. While they are highly efficient, their slower acceleration can be a drawback for certain missions, which is a significant barrier to their widespread adoption.

3. Lack of Supportive Infrastructure: The lack of a robust and widespread charging and power infrastructure is a significant challenge, particularly for marine and automotive applications. The limited availability of charging stations and the high cost of grid upgrades can hinder the adoption of electric propulsion systems, which is a major barrier to market growth.

The overall impact of these drivers and challenges is a market that is expanding, but with significant constraints. While the demand for sustainable and efficient solutions and a robust innovation pipeline are creating a strong impetus for growth, issues of cost, technological limitations, and a lack of supportive infrastructure are creating a competitive and sometimes restrictive environment. The market's future will depend on its ability to produce more affordable, user-friendly, and well-supported products to overcome these hurdles.

List of Electric Propulsion System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric propulsion system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric propulsion system companies profiled in this report include-

• Aerojet Rocketdyne
• Busek
• Here Technologies
• ABB
• Siemens
• GE Vernova
• Wartsila
• Leonardo DRS
• Rolls-Royce
• Yanmar

Electric Propulsion System Market by Segment

The study includes a forecast for the global electric propulsion system market by type, application, and region.

Electric Propulsion System Market by Type [Value from 2019 to 2031]:

• Gridded Ion Engine
• Hall Effect Thruster
• High Efficiency Multistage Plasma Thruster
• Pulsed Plasma Thruster
• Others

Electric Propulsion System Market by Application [Value from 2019 to 2031]:

• Aerospace
• Shipbuilding

Country Wise Outlook for the Electric Propulsion System Market

The electric propulsion system market is a critical and rapidly expanding sector, driven by the global push for sustainability and the need for more efficient and cost-effective propulsion solutions. Recent developments are centered on leveraging advanced technologies to reduce emissions, improve performance, and expand the application of these systems across a wide range of industries, including space, marine, and urban air mobility.

• United States: The U.S. market is a leader in technological innovation, particularly in the space sector. Recent developments include significant investments in electric propulsion for satellite constellations and deep-space missions. The market is also seeing a strong push from government agencies and private companies to develop next-generation electric and hybrid-electric aircraft for urban air mobility and commercial applications.
• China: China's market is experiencing rapid growth, fueled by state-driven investment and a national strategy for technological self-sufficiency. Recent developments are centered on the domestic production and deployment of electric propulsion systems for both its ambitious space program and its rapidly expanding electric vehicle (EV) market. The focus is on achieving market dominance in key sectors and meeting international standards.
• Germany: In Germany, the market is defined by a strong emphasis on precision engineering and a shift toward electrification in the automotive and maritime sectors. Recent developments are focused on creating highly efficient electric drive units (EDUs) for electric vehicles and developing hybrid-electric systems for marine applications. The country's strong R&D base and commitment to sustainability are key market drivers.
• India: The Indian market is growing steadily, propelled by a strong domestic space program and a focus on building indigenous capabilities. Recent developments include a growing number of partnerships with international companies and a push for the development of electric propulsion systems for its expanding fleet of nanosatellites and microsatellites. The focus is on leveraging technological advancements to develop low-cost and efficient solutions.
• Japan: Japan's market is technologically sophisticated, with a strong focus on innovation and precision. Developments are concentrated on advanced electric propulsion systems for its space program, including ion thrusters for deep-space missions. The market is also seeing a growing demand for hybrid-electric systems in the automotive and marine sectors, which reflects the country's emphasis on efficiency and sustainability.

Features of the Global Electric Propulsion System Market

• Market Size Estimates: Electric propulsion system market size estimation in terms of value ($B).
• Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
• Segmentation Analysis: Electric propulsion system market size by type, application, and region in terms of value ($B).
• Regional Analysis: Electric propulsion system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the electric propulsion system market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric propulsion system market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the electric propulsion system market by type (gridded ion engine, hall effect thruster, high efficiency multistage plasma thruster, pulsed plasma thruster, and others), application (aerospace and shipbuilding), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Market Overview

• 2.1 Background and Classifications
• 2.2 Supply Chain

3. Market Trends & Forecast Analysis

• 3.2 Industry Drivers and Challenges
• 3.3 PESTLE Analysis
• 3.4 Patent Analysis
• 3.5 Regulatory Environment

4. Global Electric Propulsion System Market by Type

• 4.1 Overview
• 4.2 Attractiveness Analysis by Type
• 4.3 Gridded Ion Engine: Trends and Forecast (2019-2031)
• 4.4 Hall Effect Thruster: Trends and Forecast (2019-2031)
• 4.5 High Efficiency Multistage Plasma Thruster: Trends and Forecast (2019-2031)
• 4.6 Pulsed Plasma Thruster: Trends and Forecast (2019-2031)
• 4.7 Others: Trends and Forecast (2019-2031)

5. Global Electric Propulsion System Market by Application

• 5.1 Overview
• 5.2 Attractiveness Analysis by Application
• 5.3 Aerospace: Trends and Forecast (2019-2031)
• 5.4 Shipbuilding: Trends and Forecast (2019-2031)

6. Regional Analysis

• 6.1 Overview
• 6.2 Global Electric Propulsion System Market by Region

7. North American Electric Propulsion System Market

• 7.1 Overview
• 7.2 North American Electric Propulsion System Market by Type
• 7.3 North American Electric Propulsion System Market by Application
• 7.4 United States Electric Propulsion System Market
• 7.5 Mexican Electric Propulsion System Market
• 7.6 Canadian Electric Propulsion System Market

8. European Electric Propulsion System Market

• 8.1 Overview
• 8.2 European Electric Propulsion System Market by Type
• 8.3 European Electric Propulsion System Market by Application
• 8.4 German Electric Propulsion System Market
• 8.5 French Electric Propulsion System Market
• 8.6 Spanish Electric Propulsion System Market
• 8.7 Italian Electric Propulsion System Market
• 8.8 United Kingdom Electric Propulsion System Market

9. APAC Electric Propulsion System Market

• 9.1 Overview
• 9.2 APAC Electric Propulsion System Market by Type
• 9.3 APAC Electric Propulsion System Market by Application
• 9.4 Japanese Electric Propulsion System Market
• 9.5 Indian Electric Propulsion System Market
• 9.6 Chinese Electric Propulsion System Market
• 9.7 South Korean Electric Propulsion System Market
• 9.8 Indonesian Electric Propulsion System Market

10. ROW Electric Propulsion System Market

• 10.1 Overview
• 10.2 ROW Electric Propulsion System Market by Type
• 10.3 ROW Electric Propulsion System Market by Application
• 10.4 Middle Eastern Electric Propulsion System Market
• 10.5 South American Electric Propulsion System Market
• 10.6 African Electric Propulsion System Market

11. Competitor Analysis

• 11.1 Product Portfolio Analysis
• 11.2 Operational Integration
• 11.3 Porter's Five Forces Analysis
  • Competitive Rivalry
  • Bargaining Power of Buyers
  • Bargaining Power of Suppliers
  • Threat of Substitutes
  • Threat of New Entrants
• 11.4 Market Share Analysis

12. Opportunities & Strategic Analysis

• 12.1 Value Chain Analysis
• 12.2 Growth Opportunity Analysis
  • 12.2.1 Growth Opportunities by Type
  • 12.2.2 Growth Opportunities by Application
• 12.3 Emerging Trends in the Global Electric Propulsion System Market
• 12.4 Strategic Analysis
  • 12.4.1 New Product Development
  • 12.4.2 Certification and Licensing
  • 12.4.3 Mergers, Acquisitions, Agreements, Collaborations, and Joint Ventures

13. Company Profiles of the Leading Players Across the Value Chain

• 13.1 Competitive Analysis
• 13.2 Aerojet Rocketdyne
  • Company Overview
  • Electric Propulsion System Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.3 Busek
  • Company Overview
  • Electric Propulsion System Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.4 Here Technologies
  • Company Overview
  • Electric Propulsion System Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.5 ABB
  • Company Overview
  • Electric Propulsion System Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.6 Siemens
  • Company Overview
  • Electric Propulsion System Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.7 GE Vernova
  • Company Overview
  • Electric Propulsion System Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.8 Wartsila
  • Company Overview
  • Electric Propulsion System Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.9 Leonardo DRS
  • Company Overview
  • Electric Propulsion System Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.10 Rolls-Royce
  • Company Overview
  • Electric Propulsion System Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.11 Yanmar
  • Company Overview
  • Electric Propulsion System Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing

14. Appendix

• 14.1 List of Figures
• 14.2 List of Tables
• 14.3 Research Methodology
• 14.4 Disclaimer
• 14.5 Copyright
• 14.6 Abbreviations and Technical Units
• 14.7 About Us
• 14.8 Contact Us