Global Electric Propulsion System Market Growth (Status and Outlook) 2025-2031

December 2024 | 80 pages | ID: G0F88EFE5B26EN
LP Information

Abstracts

The report requires updating with new data and is sent in 48 hours after order is placed.

The global Electric Propulsion System market size is predicted to grow from US$ 596 million in 2025 to US$ 2066 million in 2031; it is expected to grow at a CAGR of 23.0% from 2025 to 2031.

Electric Propulsion (EP) is a class of space propulsion which makes use of electrical power to accelerate a propellant by different possible electrical and/or magnetic means. An electrically powered spacecraft propulsion system uses electrical energy to change the velocity of a spacecraft. Most of these kinds of spacecraft propulsion systems work by electrically expelling propellant at high speed. This report focus on Electric propulsion on the nano and microsatellite market.

Global Electric Propulsion System key players include Aerospace Corporation, SITAEL, Bellatrix Aerospace, Busek, Accion Systems, etc. Global top five manufacturers hold a share about 80%. United States is the largest market, with a share about 60%, followed by Europe, with a share about 25 percent. In terms of product, HET is the largest segment, with a share about 60%. And in terms of application, the largest application is Microsatellite, followed by Nano Satellite.

LPI (LP Information)' newest research report, the “Electric Propulsion System Industry Forecast” looks at past sales and reviews total world Electric Propulsion System sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Propulsion System sales for 2025 through 2031. With Electric Propulsion System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Propulsion System industry.

This Insight Report provides a comprehensive analysis of the global Electric Propulsion System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Electric Propulsion System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Propulsion System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Propulsion System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Propulsion System.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Propulsion System market by product type, application, key players and key regions and countries.

Segmentation by Type:

• Gridded Ion Engine (GIE)
• Hall Effect Thruster (HET)
• High Efficiency Multistage Plasma Thruster (HEMPT)
• Pulsed Plasma Thruster (PPT)
• Other

Segmentation by Application:

• Nano Satellite
• Microsatellite

This report also splits the market by region:

• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

• Aerospace Corporation
• SITAEL
• Bellatrix Aerospace
• Busek Co. Inc.
• Accion Systems Inc.

Contents

1 SCOPE OF THE REPORT

1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats

2 EXECUTIVE SUMMARY

2.1 World Market Overview
  2.1.1 Global Electric Propulsion System Market Size (2020-2031)
  2.1.2 Electric Propulsion System Market Size CAGR by Region (2020 VS 2024 VS 2031)
  2.1.3 World Current & Future Analysis for Electric Propulsion System by Country/Region (2020, 2024 & 2031)
2.2 Electric Propulsion System Segment by Type
  2.2.1 Gridded Ion Engine (GIE)
  2.2.2 Hall Effect Thruster (HET)
  2.2.3 High Efficiency Multistage Plasma Thruster (HEMPT)
  2.2.4 Pulsed Plasma Thruster (PPT)
  2.2.5 Other
2.3 Electric Propulsion System Market Size by Type
  2.3.1 Electric Propulsion System Market Size CAGR by Type (2020 VS 2024 VS 2031)
  2.3.2 Global Electric Propulsion System Market Size Market Share by Type (2020-2025)
2.4 Electric Propulsion System Segment by Application
  2.4.1 Nano Satellite
  2.4.2 Microsatellite
2.5 Electric Propulsion System Market Size by Application
  2.5.1 Electric Propulsion System Market Size CAGR by Application (2020 VS 2024 VS 2031)
  2.5.2 Global Electric Propulsion System Market Size Market Share by Application (2020-2025)

3 ELECTRIC PROPULSION SYSTEM MARKET SIZE BY PLAYER

3.1 Electric Propulsion System Market Size Market Share by Player
  3.1.1 Global Electric Propulsion System Revenue by Player (2020-2025)
  3.1.2 Global Electric Propulsion System Revenue Market Share by Player (2020-2025)
3.2 Global Electric Propulsion System Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
  3.3.1 Competition Landscape Analysis
  3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion

4 ELECTRIC PROPULSION SYSTEM BY REGION

4.1 Electric Propulsion System Market Size by Region (2020-2025)
4.2 Global Electric Propulsion System Annual Revenue by Country/Region (2020-2025)
4.3 Americas Electric Propulsion System Market Size Growth (2020-2025)
4.4 APAC Electric Propulsion System Market Size Growth (2020-2025)
4.5 Europe Electric Propulsion System Market Size Growth (2020-2025)
4.6 Middle East & Africa Electric Propulsion System Market Size Growth (2020-2025)

5 AMERICAS

5.1 Americas Electric Propulsion System Market Size by Country (2020-2025)
5.2 Americas Electric Propulsion System Market Size by Type (2020-2025)
5.3 Americas Electric Propulsion System Market Size by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil

6 APAC

6.1 APAC Electric Propulsion System Market Size by Region (2020-2025)
6.2 APAC Electric Propulsion System Market Size by Type (2020-2025)
6.3 APAC Electric Propulsion System Market Size by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia

7 EUROPE

7.1 Europe Electric Propulsion System Market Size by Country (2020-2025)
7.2 Europe Electric Propulsion System Market Size by Type (2020-2025)
7.3 Europe Electric Propulsion System Market Size by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia

8 MIDDLE EAST & AFRICA

8.1 Middle East & Africa Electric Propulsion System by Region (2020-2025)
8.2 Middle East & Africa Electric Propulsion System Market Size by Type (2020-2025)
8.3 Middle East & Africa Electric Propulsion System Market Size by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries

9 MARKET DRIVERS, CHALLENGES AND TRENDS

9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends

10 GLOBAL ELECTRIC PROPULSION SYSTEM MARKET FORECAST

10.1 Global Electric Propulsion System Forecast by Region (2026-2031)
  10.1.1 Global Electric Propulsion System Forecast by Region (2026-2031)
  10.1.2 Americas Electric Propulsion System Forecast
  10.1.3 APAC Electric Propulsion System Forecast
  10.1.4 Europe Electric Propulsion System Forecast
  10.1.5 Middle East & Africa Electric Propulsion System Forecast
10.2 Americas Electric Propulsion System Forecast by Country (2026-2031)
  10.2.1 United States Market Electric Propulsion System Forecast
  10.2.2 Canada Market Electric Propulsion System Forecast
  10.2.3 Mexico Market Electric Propulsion System Forecast
  10.2.4 Brazil Market Electric Propulsion System Forecast
10.3 APAC Electric Propulsion System Forecast by Region (2026-2031)
  10.3.1 China Electric Propulsion System Market Forecast
  10.3.2 Japan Market Electric Propulsion System Forecast
  10.3.3 Korea Market Electric Propulsion System Forecast
  10.3.4 Southeast Asia Market Electric Propulsion System Forecast
  10.3.5 India Market Electric Propulsion System Forecast
  10.3.6 Australia Market Electric Propulsion System Forecast
10.4 Europe Electric Propulsion System Forecast by Country (2026-2031)
  10.4.1 Germany Market Electric Propulsion System Forecast
  10.4.2 France Market Electric Propulsion System Forecast
  10.4.3 UK Market Electric Propulsion System Forecast
  10.4.4 Italy Market Electric Propulsion System Forecast
  10.4.5 Russia Market Electric Propulsion System Forecast
10.5 Middle East & Africa Electric Propulsion System Forecast by Region (2026-2031)
  10.5.1 Egypt Market Electric Propulsion System Forecast
  10.5.2 South Africa Market Electric Propulsion System Forecast
  10.5.3 Israel Market Electric Propulsion System Forecast
  10.5.4 Turkey Market Electric Propulsion System Forecast
10.6 Global Electric Propulsion System Forecast by Type (2026-2031)
10.7 Global Electric Propulsion System Forecast by Application (2026-2031)
  10.7.1 GCC Countries Market Electric Propulsion System Forecast

11 KEY PLAYERS ANALYSIS

11.1 Aerospace Corporation
  11.1.1 Aerospace Corporation Company Information
  11.1.2 Aerospace Corporation Electric Propulsion System Product Offered
  11.1.3 Aerospace Corporation Electric Propulsion System Revenue, Gross Margin and Market Share (2020-2025)
  11.1.4 Aerospace Corporation Main Business Overview
  11.1.5 Aerospace Corporation Latest Developments
11.2 SITAEL
  11.2.1 SITAEL Company Information
  11.2.2 SITAEL Electric Propulsion System Product Offered
  11.2.3 SITAEL Electric Propulsion System Revenue, Gross Margin and Market Share (2020-2025)
  11.2.4 SITAEL Main Business Overview
  11.2.5 SITAEL Latest Developments
11.3 Bellatrix Aerospace
  11.3.1 Bellatrix Aerospace Company Information
  11.3.2 Bellatrix Aerospace Electric Propulsion System Product Offered
  11.3.3 Bellatrix Aerospace Electric Propulsion System Revenue, Gross Margin and Market Share (2020-2025)
  11.3.4 Bellatrix Aerospace Main Business Overview
  11.3.5 Bellatrix Aerospace Latest Developments
11.4 Busek Co. Inc.
  11.4.1 Busek Co. Inc. Company Information
  11.4.2 Busek Co. Inc. Electric Propulsion System Product Offered
  11.4.3 Busek Co. Inc. Electric Propulsion System Revenue, Gross Margin and Market Share (2020-2025)
  11.4.4 Busek Co. Inc. Main Business Overview
  11.4.5 Busek Co. Inc. Latest Developments
11.5 Accion Systems Inc.
  11.5.1 Accion Systems Inc. Company Information
  11.5.2 Accion Systems Inc. Electric Propulsion System Product Offered
  11.5.3 Accion Systems Inc. Electric Propulsion System Revenue, Gross Margin and Market Share (2020-2025)
  11.5.4 Accion Systems Inc. Main Business Overview
  11.5.5 Accion Systems Inc. Latest Developments

12 RESEARCH FINDINGS AND CONCLUSION

List Of Tables

LIST OF TABLES

Table 1. Electric Propulsion System Market Size CAGR by Region (2020 VS 2024 VS 2031) & ($ millions)
Table 2. Electric Propulsion System Annual Sales CAGR by Country/Region (2020, 2024 & 2031) & ($ millions)
Table 3. Major Players of Gridded Ion Engine (GIE)
Table 4. Major Players of Hall EffectThruster (HET)
Table 5. Major Players of High Efficiency Multistage PlasmaThruster (HEMPT)
Table 6. Major Players of Pulsed PlasmaThruster (PPT)
Table 7. Major Players of Other
Table 8. Electric Propulsion System Market Size CAGR byType (2020 VS 2024 VS 2031) & ($ millions)
Table 9. Global Electric Propulsion System Market Size byType (2020-2025) & ($ millions)
Table 10. Global Electric Propulsion System Market Size Market Share byType (2020-2025)
Table 11. Electric Propulsion System Market Size CAGR by Application (2020 VS 2024 VS 2031) & ($ millions)
Table 12. Global Electric Propulsion System Market Size by Application (2020-2025) & ($ millions)
Table 13. Global Electric Propulsion System Market Size Market Share by Application (2020-2025)
Table 14. Global Electric Propulsion System Revenue by Player (2020-2025) & ($ millions)
Table 15. Global Electric Propulsion System Revenue Market Share by Player (2020-2025)
Table 16. Electric Propulsion System Key Players Head office and Products Offered
Table 17. Electric Propulsion System Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
Table 18. New Products and Potential Entrants
Table 19. Mergers & Acquisitions, Expansion
Table 20. Global Electric Propulsion System Market Size by Region (2020-2025) & ($ millions)
Table 21. Global Electric Propulsion System Market Size Market Share by Region (2020-2025)
Table 22. Global Electric Propulsion System Revenue by Country/Region (2020-2025) & ($ millions)
Table 23. Global Electric Propulsion System Revenue Market Share by Country/Region (2020-2025)
Table 24. Americas Electric Propulsion System Market Size by Country (2020-2025) & ($ millions)
Table 25. Americas Electric Propulsion System Market Size Market Share by Country (2020-2025)
Table 26. Americas Electric Propulsion System Market Size byType (2020-2025) & ($ millions)
Table 27. Americas Electric Propulsion System Market Size Market Share byType (2020-2025)
Table 28. Americas Electric Propulsion System Market Size by Application (2020-2025) & ($ millions)
Table 29. Americas Electric Propulsion System Market Size Market Share by Application (2020-2025)
Table 30. APAC Electric Propulsion System Market Size by Region (2020-2025) & ($ millions)
Table 31. APAC Electric Propulsion System Market Size Market Share by Region (2020-2025)
Table 32. APAC Electric Propulsion System Market Size byType (2020-2025) & ($ millions)
Table 33. APAC Electric Propulsion System Market Size by Application (2020-2025) & ($ millions)
Table 34. Europe Electric Propulsion System Market Size by Country (2020-2025) & ($ millions)
Table 35. Europe Electric Propulsion System Market Size Market Share by Country (2020-2025)
Table 36. Europe Electric Propulsion System Market Size byType (2020-2025) & ($ millions)
Table 37. Europe Electric Propulsion System Market Size by Application (2020-2025) & ($ millions)
Table 38. Middle East & Africa Electric Propulsion System Market Size by Region (2020-2025) & ($ millions)
Table 39. Middle East & Africa Electric Propulsion System Market Size byType (2020-2025) & ($ millions)
Table 40. Middle East & Africa Electric Propulsion System Market Size by Application (2020-2025) & ($ millions)
Table 41. Key Market Drivers & Growth Opportunities of Electric Propulsion System
Table 42. Key Market Challenges & Risks of Electric Propulsion System
Table 43. Key IndustryTrends of Electric Propulsion System
Table 44. Global Electric Propulsion System Market SizeForecast by Region (2026-2031) & ($ millions)
Table 45. Global Electric Propulsion System Market Size Market ShareForecast by Region (2026-2031)
Table 46. Global Electric Propulsion System Market SizeForecast byType (2026-2031) & ($ millions)
Table 47. Global Electric Propulsion System Market SizeForecast by Application (2026-2031) & ($ millions)
Table 48. Aerospace Corporation Details, CompanyType, Electric Propulsion System Area Served and Its Competitors
Table 49. Aerospace Corporation Electric Propulsion System Product Offered
Table 50. Aerospace Corporation Electric Propulsion System Revenue ($ million), Gross Margin and Market Share (2020-2025)
Table 51. Aerospace Corporation Main Business
Table 52. Aerospace Corporation Latest Developments
Table 53. SITAEL Details, CompanyType, Electric Propulsion System Area Served and Its Competitors
Table 54. SITAEL Electric Propulsion System Product Offered
Table 55. SITAEL Electric Propulsion System Revenue ($ million), Gross Margin and Market Share (2020-2025)
Table 56. SITAEL Main Business
Table 57. SITAEL Latest Developments
Table 58. Bellatrix Aerospace Details, CompanyType, Electric Propulsion System Area Served and Its Competitors
Table 59. Bellatrix Aerospace Electric Propulsion System Product Offered
Table 60. Bellatrix Aerospace Electric Propulsion System Revenue ($ million), Gross Margin and Market Share (2020-2025)
Table 61. Bellatrix Aerospace Main Business
Table 62. Bellatrix Aerospace Latest Developments
Table 63. Busek Co. Inc. Details, CompanyType, Electric Propulsion System Area Served and Its Competitors
Table 64. Busek Co. Inc. Electric Propulsion System Product Offered
Table 65. Busek Co. Inc. Electric Propulsion System Revenue ($ million), Gross Margin and Market Share (2020-2025)
Table 66. Busek Co. Inc. Main Business
Table 67. Busek Co. Inc. Latest Developments
Table 68. Accion Systems Inc. Details, CompanyType, Electric Propulsion System Area Served and Its Competitors
Table 69. Accion Systems Inc. Electric Propulsion System Product Offered
Table 70. Accion Systems Inc. Electric Propulsion System Revenue ($ million), Gross Margin and Market Share (2020-2025)
Table 71. Accion Systems Inc. Main Business
Table 72. Accion Systems Inc. Latest Developments

List Of Figures

LIST OF FIGURES

Figure 1. Electric Propulsion System Report Years Considered
Figure 2. Research Objectives
Figure 3. Research Methodology
Figure 4. Research Process and Data Source
Figure 5. Global Electric Propulsion System Market Size Growth Rate (2020-2031) ($ millions)
Figure 6. Electric Propulsion System Sales by Geographic Region (2020, 2024 & 2031) & ($ millions)
Figure 7. Electric Propulsion System Sales Market Share by Country/Region (2024)
Figure 8. Electric Propulsion System Sales Market Share by Country/Region (2020, 2024 & 2031)
Figure 9. Global Electric Propulsion System Market Size Market Share byType in 2024
Figure 10. Electric Propulsion System in Nano Satellite
Figure 11. Global Electric Propulsion System Market: Nano Satellite (2020-2025) & ($ millions)
Figure 12. Electric Propulsion System in Microsatellite
Figure 13. Global Electric Propulsion System Market: Microsatellite (2020-2025) & ($ millions)
Figure 14. Global Electric Propulsion System Market Size Market Share by Application in 2024
Figure 15. Global Electric Propulsion System Revenue Market Share by Player in 2024
Figure 16. Global Electric Propulsion System Market Size Market Share by Region (2020-2025)
Figure 17. Americas Electric Propulsion System Market Size 2020-2025 ($ millions)
Figure 18. APAC Electric Propulsion System Market Size 2020-2025 ($ millions)
Figure 19. Europe Electric Propulsion System Market Size 2020-2025 ($ millions)
Figure 20. Middle East & Africa Electric Propulsion System Market Size 2020-2025 ($ millions)
Figure 21. Americas Electric Propulsion System Value Market Share by Country in 2024
Figure 22. United States Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 23. Canada Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 24. Mexico Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 25. Brazil Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 26. APAC Electric Propulsion System Market Size Market Share by Region in 2024
Figure 27. APAC Electric Propulsion System Market Size Market Share byType (2020-2025)
Figure 28. APAC Electric Propulsion System Market Size Market Share by Application (2020-2025)
Figure 29. China Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 30. Japan Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 31. South Korea Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 32. Southeast Asia Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 33. India Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 34. Australia Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 35. Europe Electric Propulsion System Market Size Market Share by Country in 2024
Figure 36. Europe Electric Propulsion System Market Size Market Share byType (2020-2025)
Figure 37. Europe Electric Propulsion System Market Size Market Share by Application (2020-2025)
Figure 38. Germany Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 39.France Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 40. UK Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 41. Italy Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 42. Russia Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 43. Middle East & Africa Electric Propulsion System Market Size Market Share by Region (2020-2025)
Figure 44. Middle East & Africa Electric Propulsion System Market Size Market Share byType (2020-2025)
Figure 45. Middle East & Africa Electric Propulsion System Market Size Market Share by Application (2020-2025)
Figure 46. Egypt Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 47. South Africa Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 48. Israel Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 49.Turkey Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 50. GCC Countries Electric Propulsion System Market Size Growth 2020-2025 ($ millions)
Figure 51. Americas Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 52. APAC Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 53. Europe Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 54. Middle East & Africa Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 55. United States Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 56. Canada Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 57. Mexico Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 58. Brazil Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 59. China Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 60. Japan Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 61. Korea Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 62. Southeast Asia Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 63. India Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 64. Australia Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 65. Germany Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 66.France Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 67. UK Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 68. Italy Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 69. Russia Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 70. Egypt Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 71. South Africa Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 72. Israel Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 73.Turkey Electric Propulsion System Market Size 2026-2031 ($ millions)
Figure 74. Global Electric Propulsion System Market Size Market ShareForecast byType (2026-2031)
Figure 75. Global Electric Propulsion System Market Size Market ShareForecast by Application (2026-2031)
Figure 76. GCC Countries Electric Propulsion System Market Size 2026-2031 ($ millions)