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Global Electric Propulsion Satellite Market to Grow at a CAGR of 13.9% by 2021 - Increasing Preference for Green Propulsive Technologies - Research and MarketsDUBLIN, June 16, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Electric Propulsion Satellite Market 2017-2021" report to their offering. The global electric propulsion satellite market to grow at a CAGR of 13.95% during the period 2017-2021. According to the report, one driver in market is growing preference for hosted payload. In a hosted payload approach, government or defense agencies attach a small module t a commercial satellite, where the module operates independently and is dedicated to the requirements of the government or defense agencies. However, such payload or module shares the same power supply and transponders that the commercial modules use. The government agencies usually prefer such approaches to achieve cost efficiencies and to negate the need to build and launch a separate dedicated satellite. Such approaches also reduce the risk of inadequate funding, launch delays, and operational failures. In last five years, there were many contracts awarded to various organizations by governments and defense organizations in support of hosted payload approach with a prime focus on minimizing the cost burden and enhance efficiency. Key vendors
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