Space Propulsion Market Size, Share and Trends

Report Code AS 7754
Published in Feb, 2025, By MarketsandMarkets™
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Space Propulsion Market by Propulsion Type (Solid, Liquid, Electric, Solar, Hybrid), Component (Bipropellant Thruster, Hall-Effect Thruster, Rocket Motor), Platform (Satellite, Launch Vehicle), End User, Services and Region - Global forecast to 2030

Space Propulsion Market Size, Share & Trends

The space propulsion market is expected to grow from USD 10.21 billion in 2024 to USD 20.02 billion by 2030, registering a CAGR of 11.9%. In terms of volume, it will likely reach 5,394 units by 2030, from 3,257 units in 2024. Government and private bodies heavily fund new-generation propulsion systems for space access, mission performance, and cost benefits. The emergence of enormous satellite constellations such as SPACEX’s Starlink and Amazon’s Project Kuiper dramatically increases the need for low-thrust propulsion systems for orbital adjustment, station keeping, and end-of-life disposal application. The rise in interplanetary missions planned by NASA, ESA, ISRO, and CNSA further drives the development of advanced chemical, electric, and nuclear propulsion. It is anticipated that with improved accessibility to space, more development efforts will be exerted in this propulsion system market, shaping the future of space exploration and satellite operation.

Space Propulsion Market

Attractive Opportunities in the Space Propulsion Market

North America

In North America, companies such as SPACEX (US), Amazon (US), and OneWeb (US) deploy thousands of satellites, creating a demand for small satellite propulsion solutions, including electric and hybrid propulsion.

The swift deployment of mega-constellations such as Starlink and Project Kuiper accelerates the demand for advanced propulsion systems for orbit positioning, station-keeping, and end-of-life de-orbiting.

The adoption of electric propulsion technologies such as Hall-effect thrusters and ion engines represents an opportunity to support long missions while reducing fuel consumptions for examining possibilities for interplanetary exploration.

National defense programs are investing in propulsion for hypersonic vehicles and spaceplanes operating in atmospheric and near-space environments.

The shift toward reusability in launch vehicles, pioneered by companies such as SPACEX (US) and Blue Origin (US), presents a major opportunity for propulsion advancements. Reusable rocket engines, such as methane-based propulsion systems, reduce launch costs and improve mission sustainability.

Global Space Propulsion Market Dynamics

DRIVER: Expansion of deep-space missions

Deep-space missions significantly impact space propulsion activities, as advanced propulsion systems are pivotal to long-duration, high-performance operations. NASA, ESA, and private entities are focusing on the selection and development of high-thrust, fuel-efficient propulsion systems. These systems are crucial for planet-approaching missions, such as those targeting Mars and asteroids. They provide continuous acceleration, maneuverability, and efficiency over vast distances. Electric propulsion, nuclear thermal propulsion, and nuclear electric propulsion have been identified as effective solutions for deep-space missions. For instance, NASA’s Perseverance rover landed on Mars in February 2021, utilizing chemical propulsion for its launch, trajectory corrections, and the sky crane system for a safe landing. High-efficiency propulsion systems are essential to ensure precision and long-term sustainability in such missions. Space agencies and private companies continue to push the boundaries of exploration into deep space. Next-generation propulsion technologies will play a vital role in advancing sustained interplanetary missions, driving growth in the market and technological innovation within the space propulsion sector. This growth will shape the future of space travel and increase demand for highly effective, efficient, and environmentally friendly propulsion systems.

RESTRAINTS: High development and manufacturing costs

The development and manufacturing of space propulsion systems are costly, presenting challenges for both commercial ventures and government programs. These systems necessitate high-performance materials, precision engineering, and rigorous testing, all of which require substantial investment in research and development (R&D). The high costs are exacerbated by the need for safety and reliability testing that adheres to strict standards; both ground and flight testing are mandatory for all propulsion systems still in development before deployment. For instance, NASA’s Space Launch System (SLS) and SPACEX’s Raptor engine development took several years and billions of dollars before they became operational. Innovations such as 3D printing and reusable propulsion systems are helping to reduce costs, although technologies like nuclear propulsion and electric thrusters remain expensive at this stage. Companies such as Blue Origin (US), Rocket Lab (US), and Relativity Space (US) are actively making modifications to their propulsion production processes to lower prices. However, the industry remains heavily capitalized, which continues to be a barrier for many new entrants. Reducing development costs is crucial for opening up access to space and fostering advancements in propulsion technologies.

 

OPPORTUNITY: Increasing government investments in space programs

The increase in government spending on space initiatives presents significant opportunities for the space propulsion industry. National agencies are focusing on developing propulsion technology primarily for space exploration, defense missions, and commercial applications. Countries such as the US, Europe, China, and India have all raised their budgets for space-related projects, leading to a growing demand for advanced propulsion systems. For instance, NASA’s Artemis mission, which aims to return humans to the Moon and prepare for Mars exploration, has accelerated the development of technologies such as nuclear thermal propulsion, electric propulsion, and high-thrust chemical propulsion. Similarly, ESA is investing in propulsion technologies to support missions beyond Earth. The US Space Force, primarily through DARPA, focuses on hypersonic technology, in-space maneuvering, and rapid launch capabilities, largely for defense purposes. The increasing emphasis on propulsion technology in these areas is creating a rising demand in the global market. Long-term government initiatives, such as satellite mega-constellations, planetary exploration, and interstellar programs, all require efficient and reusable propulsion systems to be successful. A larger budget drives innovation and creates opportunities for new entrants, research institutions, and private sector partnerships, which are essential for the future growth of the space propulsion industry.

CHALLENGE: Growing issues of space debris

The accumulation of space debris is a critical challenge for the space propulsion market, leading to higher risks, costs, and regulatory concerns. With the rise in satellite and spacecraft launches, there is a continuous presence of defunct satellites, empty rocket stages, and fragmented debris, which pose hazards in Earth’s orbit. This contamination threatens both current and future missions, increasing the risk of collisions that could potentially damage propulsion systems, satellites, and spacecraft, resulting in mission failures. Investments in protective measures, advanced maneuvering systems, and propulsion solutions are necessary to address these threats, which can add to overall costs. Mission planners must also consider debris avoidance, which complicates the propulsion system design and increases propellant consumption. Space debris limits safe operational orbits, particularly in low Earth orbit, creating pressure on propulsion companies to develop adaptive navigation technologies. Additionally, the rising risks associated with debris have caused insurance premiums to increase, adding further financial burdens that discourage new players and investors in propulsion technology. The complexities of tracking debris and implementing avoidance strategies can further delay mission schedules, negatively impacting operational efficiency and costs.

Global Space Propulsion Market Ecosystem Analysis

The space propulsion market ecosystem represents prominent aerospace companies, private and small enterprises, and end users, such as commercial, government, and defense. Northrop Grumman (US), SPACEX (US), and Blue Origin (US) remain the major players driving innovations in propulsion technology. However, private companies and start-ups continue to contribute to advancements in these technologies, and defense and commercial users build on the benefits created for satellite launching and deep-space missions, as well as national security programs shaping growth for the future.

Top Companies in Space Propulsion Market

By platform, launch vehicles to be leading segment during forecast period

The launch vehicles segment is expected to lead the space propulsion market during the forecasted period, primarily due to the surge in demand for satellites for deep-space exploration and commercial space initiatives. Government agencies such as NASA, ESA, CNSA, ISRO, and Roscosmos are increasingly investing in next-generation launch systems for ambitious missions, including travel to the Moon and interplanetary explorations. Advancements such as methane-based propulsion, additive manufacturing, and hybrid rocket engines are providing more efficient and cost-effective means for launching vehicles. The growth of small satellite launchers and dedicated rideshare missions will further open new marketing avenues through frequent and economical access to space. Other government programs, such as NASA’s Artemis, are supporting national security launches from the US Space Force, fueling the launch vehicle market. Additionally, the new reusable launch system concepts developed by SPACEX’s Falcon 9 and Blue Origin’s New Shepard have dramatically reduced launch costs, making access to space affordable. The growing interest in hypersonic and air-breathing propulsion technologies also influences future launch vehicle design. The increasing progress in propulsion performance, advancements in material sciences, and ease of in-space refueling will keep the launch vehicle segment as one of the most critical pillars of the burgeoning global space economy.

By type, non-chemical propulsion to be leading segment during forecast period

The non-chemical propulsion segment is witnessing significant growth, subject to the elevated demand for reliable, long-duration, and cost-effective propulsion solutions for deep-space missions, satellite station-keeping, and interplanetary exploration. Compared to chemical propulsion that involves combustion and high thrust, these systems, including electrical, nuclear, and solar sail propulsion, offer prolonged operational life, low propellant consumption, and enhanced fuel efficiency. The emergence of satellite mega-constellations, such as SPACEX’s Starlink and Amazon’s Project Kuiper, has opened demand for electric propulsion technologies in the form of ion thrusters and Hall-effect thrusters that allow precise orbital changes and compensated prolonged missions with less propellant consumption. Recent advances in nuclear propulsion have also sped up the process of providing an efficient alternative to deep-space missions with nuclear thermal and nuclear electric propulsion. Space agencies such as NASA and DARPA invest in nuclear-powered spacecraft for future Mars missions. Newer emphasis areas of sustainability and minimization of space debris have further made the development of alternative propulsion, such as solar sails, faster. Non-chemical propulsion, thus, is slowly emerging as a crucial enabler for global long-mission endeavors in terms of being cost-effective, scalable, and environmentally sustainable for space exploration and satellite operations.

Based on End User, the Commercial segment is projected to be the largest market during the forecast period

Commercial users are rapidly opening up in the market for space propulsion. The infringing market dimensions are burgeoning with the need for satellite-client applications, more private-sector investment, and technology development for cost-effective propulsion. As companies like SpaceX, Amazon, and OneWeb, as developing thousands of satellites to be deployed into low Earth orbit (LEO) within the next couple of years for broadband coverage, navigation, Earth observation, and the Internet of Things, the satellites also need efficient propulsion systems for station-keeping, deorbiting, and orbital maneuvering, while mostly electric propulsion and chemical propulsion.

The reason attributed to this increasing affordability in entering into space is due to the reduced price for accessing an outer space facility. Reusable launch vehicles such as Falcon 9 offered by SpaceX and Rocket Lab's Electron also opened doors to more commercial users to farm on the space market. Also, private space companies are investing significantly in next-generation propulsion solutions, such as Hall-effect thrusters, ion propulsion, and hybrid propulsion, to improve mission flexibility and reduce operational expenses. Among other things speeding up demand for propulsion systems are commercial space tourism, lunar exploration, and deep-space mining ventures on a feasibility study level, partnered with NASA partnerships with private firms along with regulatory reforms-greater government initiatives to support commercial space developments. With competition gearing up, these commercial players, working on huge advancements in propulsion, have made space more commercially attractive and accessible.

North America to be Leading Market for Space Propulsion During Forecast Period

North America is the largest market for space propulsion systems, particularly in the US, subject to significant government investment, private sector advancements, and military applications. Organizations such as NASA, the US Space Force, and DARPA are heavily investing in new propulsion technologies to enhance deep space exploration, bolster national security, and support commercial satellite operations. For instance, the Artemis program aims to establish a long-term human presence on the Moon, which is expected to stimulate demand for various propulsion methods, including nuclear thermal propulsion, electric propulsion, and high-thrust chemical propulsion. Additionally, the defense sector is seeking hypersonic propulsion systems for rapid-response capabilities and in-orbit maneuvering, expanding the market for propulsion technology. Major private space companies, such as SPACEX (US), Blue Origin (US), Rocket Lab (US), and Northrop Grumman (US), are revolutionizing space propulsion technology. They are focusing on reusable rocket engines, advanced propulsion systems, and cost-efficient launch solutions. SPACEX has led the charge with its Raptor engines and Starship program, significantly reducing launch costs and increasing the frequency of missions, making deep-space exploration more feasible. Furthermore, the rise of satellite mega-constellations, like Starlink and Amazon’s Project Kuiper, has created a greater demand for on-orbit propulsion needed for orbital adjustments and mission extensions. A robust ecosystem of aerospace manufacturers, research institutions, and public-private partnerships fosters innovation, solidifying North America’s position as a leader in space propulsion technology.

LARGEST MARKET SHARE IN 2024-2030
CANADA FASTER-GROWING MARKET IN REGION
Space Propulsion Market Size and Share

Recent Developments of Space Propulsion Market

  • In August 2024, Lockheed Martin Corporation (US) acquired Terran Orbital (US), a leading manufacturer of modular spacecraft. The acquisition aims to enhance the company’s space capabilities by integrating Terran Orbital’s advanced robotic manufacturing and modular space vehicle designs.
  • In September 2023, Lockheed Martin Corporation (US) received a contract from the US Air Force Research Laboratory (AFRL) under the Joint Emergent Technology Supplying On-Orbit Nuclear (JETSON) Program. The initiative aims to advance high-power nuclear electric power and propulsion technologies for spacecraft. In collaboration with Space Nuclear Power Corp (New Mexico) and BWX Technologies, Inc. (US), the company will develop a fission reactor that generates heat, which is then converted to electricity using Stirling engines. This system is expected to produce 6–20 kilowatts of electrical power, significantly surpassing the capabilities of conventional solar arrays.
  • In July 2023, L3Harris Technologies (US) acquired Aerojet Rocketdyne (US), establishing it as its fourth segment. This strategic move aims to strengthen the defense industrial base, enhance competition, and accelerate innovation in propulsion systems. The integration is expected to diversify L3Harris’ portfolio, adding a significant long-cycle backlog and expertise in missile defense systems, hypersonics, and advanced rocket engines.
  • In June 2023, Safran Electronics & Defense (France), a Safran subsidiary, signed an agreement with Terran Orbital to examine and verify the requirements for the American manufacturing of a new generation of electric propulsion systems for satellites based on Safran’s PPSX00 plasma thruster.
  • In October 2023, Blue Origin (US) unveiled Blue Ring, a versatile spacecraft platform designed to provide in-space logistics and delivery services. This platform is tailored to support various missions, including hosting, transportation, refueling, data relay, and logistics, extending from medium Earth orbit to the Cislunar region and beyond. Blue Ring can accommodate payloads exceeding 3,000 kilograms and offers significant delta-V capabilities, enhancing mission flexibility.

Key Market Players

List of Top Space Propulsion Market

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Scope of the Report

Report Attribute Details
Estimated Market Size USD 10.21 Billion in 2024
Projected Market Size USD 20.02 Billion by 2030
Growth Rate (CAGR) 11.9%
Market size available for years 2020–2030
Base year considered 2030
Forecast period 2024–2030
Forecast units Value (USD)
Segments Covered Platform, Component, Propulsion Type, End User, Support Services
Regions covered North America, Europe, Asia Pacific, the Middle East, and RoW

Key Questions Addressed by the Report

What is the current size of the Space Propulsion market?
The Space Propulsion market, in terms of value, was estimated at USD 10.21 billion in 2024.
Who are the winners in the Space Propulsion market?
The winners in the Space Propulsion market are Northrop Grumman (US), Safran SA (France), L3Harris Technologies, Inc. (US), SpaceX (US )and IHI Corporation (US).
What are some of the technological advancements in the market?
The space propulsion market is going through rapid technological advances to improve efficiency, sustainability, and deep-space capability. Reusable systems such as SPACEX’s Falcon 9 and Blue Origin’s New Glenn have reduced the cost of satellite launching and increased the frequency of missions. Similarly, electric propulsion, including ion and Hall-effect thrusters, are extending the lifespan of satellites and improving their maneuverability.
What are the factors driving the growth of the space propulsion market?
Key driving factors include
  • Growing satellite deployments.
  • Increasing advancements in propulsion technologies.
  • Expansion of deep space exploration missions.
  • Growing demand for diverse propellant options for long duration missions.
Which region held the largest share in 2024 in the space propulsion market?
North America held the largest share of 53.2% of the global Space Propulsion market in 2024.

 

 

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Table Of Contents

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TITLE
PAGE NO
INTRODUCTION
26
RESEARCH METHODOLOGY
30
EXECUTIVE SUMMARY
40
PREMIUM INSIGHTS
44
MARKET OVERVIEW
47
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Growing deployment of satellites
    - Advancements in propulsion technologies
    - Expansion of deep-space missions
    - Need for advanced propellants for long-duration missions
    RESTRAINTS
    - High development and manufacturing costs
    - Stringent regulatory and safety standards
    OPPORTUNITIES
    - Increased government investments in space programs
    - Emergence of nuclear thermal and nuclear electric propulsion
    - Proliferation of LEO constellations
    - Surge in demand for reusable launch vehicles
    CHALLENGES
    - Supply chain disruptions
    - Rise of space debris
  • 5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND OF SATELLITES, BY REGION
    INDICATIVE PRICING ANALYSIS, BY SATELLITE TYPE
    INDICATIVE PRICING ANALYSIS, BY LAUNCH VEHICLE
  • 5.5 VALUE CHAIN ANALYSIS
  • 5.6 ECOSYSTEM ANALYSIS
    PROMINENT COMPANIES
    PRIVATE AND SMALL ENTERPRISES
    END USERS
  • 5.7 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Electric propulsion systems
    - Solar sails
    - Ion propulsion
    COMPLEMENTARY TECHNOLOGIES
    - Heat management systems
    - Advanced propellant management
    ADJACENT TECHNOLOGIES
    - Magnetoplasmadynamic thrusters
    - Autonomous propulsion
  • 5.8 REGULATORY LANDSCAPE
  • 5.9 TRADE ANALYSIS
  • 5.10 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.11 USE CASE ANALYSIS
    NANOAVIONICS LAUNCHES WORLD’S FIRST LIQUID CHEMICAL PROPULSION-PROPELLED CUBESAT INTO ORBIT
    NASA PROCURES ADDITIONAL RS-25 ENGINES TO SUPPORT FUTURE ARTEMIS MISSIONS
    PHASEFOUR DEVELOPS AIR-BREATHING ELECTRIC PROPULSION SYSTEM FOR VLEO OPERATIONS
  • 5.12 KEY CONFERENCES AND EVENTS, 2025
  • 5.13 INVESTMENT AND FUNDING SCENARIO
  • 5.14 MACROECONOMIC OUTLOOK
    INTRODUCTION
    NORTH AMERICA
    EUROPE
    ASIA PACIFIC
    MIDDLE EAST
    LATIN AMERICA
    AFRICA
  • 5.15 BUSINESS MODELS
  • 5.16 TECHNOLOGY ROADMAP
  • 5.17 PROPULSION MAPPING OF SATELLITE CONSTELLATIONS
  • 5.18 BILL OF MATERIALS
  • 5.19 TOTAL COST OF OWNERSHIP
  • 5.20 IMPACT OF GENERATIVE AI
    INTRODUCTION
    ADOPTION OF AI IN SPACE BY TOP COUNTRIES
    IMPACT OF AI ON SPACE INDUSTRY
    IMPACT OF AI ON SPACE PROPULSION MARKET
  • 5.21 OPERATIONAL DATA
  • 5.22 VOLUME DATA
INDUSTRY TRENDS
86
  • 6.1 INTRODUCTION
  • 6.2 TECHNOLOGY TRENDS
    HYBRID PROPULSION
    NUCLEAR THERMAL PROPULSION AND NUCLEAR ELECTRIC PROPULSION
    MICRO AND NANO PROPULSION
    PLASMA PROPULSION
    ADVANCED ELECTRIC THRUSTER
    GREEN PROPULSION
  • 6.3 IMPACT OF MEGA TRENDS
    SPACE 4.0
    ARTIFICIAL INTELLIGENCE
    ADDITIVE MANUFACTURING
  • 6.4 SUPPLY CHAIN ANALYSIS
  • 6.5 PATENT ANALYSIS
SPACE PROPULSION MARKET, BY TYPE
97
  • 7.1 INTRODUCTION
  • 7.2 CHEMICAL PROPULSION
    HIGH THRUST REQUIREMENT OF LAUNCH VEHICLES TO DRIVE MARKET
    SOLID
    - Homogenous
    - Heterogenous/Composite
    LIQUID
    - Monopropellant
    - Bipropellant
    - Hybrid
    - Cold gas
  • 7.3 NON-CHEMICAL PROPULSION
    LONGER OPERATIONAL DURATIONS TO DRIVE MARKET
    ELECTRIC/ION PROPULSION
    - Electrothermal
    - Electromagnetic
    - Electrostatic
    SOLAR PROPULSION
    - Solar sail propulsion
    - Solar electric propulsion
    - Solar thermal propulsion
    TETHER PROPULSION
    NUCLEAR PROPULSION
SPACE PROPULSION MARKET, BY PLATFORM
113
  • 8.1 INTRODUCTION
  • 8.2 SATELLITES
    ONGOING EXPANSION OF COMMERCIAL SATELLITE FLEETS TO DRIVE MARKET
    SMALL SATELLITES
    - Nanosatellites
    - Microsatellites
    - Minisatellites
    - Cube satellites
    - 501 to 1,000 KGS
    MEDIUM SATELLITES
    LARGE SATELLITES
  • 8.3 CAPSULES/CARGO
    GROWING FREQUENCY OF SPACE MISSIONS TO DRIVE MARKET
    CREWED SPACECRAFT
    UNCREWED SPACECRAFT
  • 8.4 INTERPLANETARY SPACECRAFT & PROBES
    HIGH DEMAND FOR PRECISION MANEUVERING TO DRIVE MARKET
  • 8.5 ROVERS/SPACECRAFT LANDERS
    GOVERNMENT AND PRIVATE SECTOR INVESTMENTS IN DEEP-SPACE EXPLORATION TO DRIVE MARKET
  • 8.6 LAUNCH VEHICLES
    FOCUS ON REUSABILITY TO DRIVE MARKET
    SMALL LAUNCH VEHICLES
    MEDIUM-TO-HEAVY LAUNCH VEHICLES
    REUSABLE LAUNCH VEHICLES
SPACE PROPULSION MARKET, BY COMPONENT
123
  • 9.1 INTRODUCTION
  • 9.2 THRUSTERS
    REDUCED PROPELLANT CONSUMPTION BY ELECTRIC ALTERNATIVES TO DRIVE MARKET
    CHEMICAL PROPULSION THRUSTERS
    - Cold & warm gas thrusters
    - Monopropellant thrusters
    - Bipropellant thrusters
    ELECTRIC PROPULSION THRUSTERS
    - Ion thrusters
    - Hall-effect thrusters
    - Pulsed plasma thrusters
    - Magnetoplasmadynamic thrusters
  • 9.3 PROPELLANT FEED SYSTEMS
    ELEVATED DEMAND FOR LONGER AND COMPLEX SPACE MISSIONS TO DRIVE MARKET
    PROPELLANT TANKS
    - Monopropellant tanks
    - Bipropellant tanks
    - Oxidizer tanks
    PRESSURE & FLOW REGULATORS
    VALVES
    TURBOPUMPS
    COMBUSTION CHAMBERS
  • 9.4 ROCKET MOTORS
    RISE OF SPACECRAFT LAUNCHES AND ORBITAL MANEUVERS TO DRIVE MARKET
  • 9.5 NOZZLES
    INNOVATIONS IN DESIGN AND MANUFACTURING TECHNIQUES TO DRIVE MARKET
  • 9.6 PROPULSION THERMAL CONTROL
    NEED FOR HEAT MANAGEMENT IN SPACECRAFT TO DRIVE MARKET
  • 9.7 POWER PROCESSING UNITS
    EXTENSIVE USE OF ELECTRIC PROPULSION FOR LONG-DURATION MISSIONS TO DRIVE MARKET
  • 9.8 OTHER COMPONENTS
    SPACE PROPULSION MARKET, BY END USER
SPACE PROPULSION MARKET, BY END USER
133
  • 10.1 INTRODUCTION
  • 10.2 COMMERCIAL
    INCREASING INVESTMENTS IN HIGH-PERFORMANCE PROPULSION TECHNOLOGIES FROM PRIVATE SECTOR COMPANIES TO DRIVE MARKET
    SATELLITE OPERATORS & OWNERS
    SPACE LAUNCH SERVICE PROVIDERS
  • 10.3 GOVERNMENT & DEFENSE
    RISING SPACE EXPLORATION AND SCIENTIFIC MISSIONS TO DRIVE MARKET
    DEPARTMENT OF DEFENSE
    NATIONAL SPACE AGENCIES
    OTHERS
SPACE PROPULSION MARKET, BY SUPPORT SERVICE
138
  • 11.1 INTRODUCTION
  • 11.2 DESIGN, ENGINEERING, OPERATION, AND MAINTENANCE
  • 11.3 HOT FIRING AND ENVIRONMENTAL TEST EXECUTION
  • 11.4 FUELING, LAUNCH, AND GROUND SUPPORT
SPACE PROPULSION MARKET, BY REGION
143
  • 12.1 INTRODUCTION
  • 12.2 NORTH AMERICA
    PESTLE ANALYSIS
    US
    - Rising investments in nuclear propulsion and autonomous navigation technologies to drive market
    CANADA
    - Strategic government support to drive market
  • 12.3 EUROPE
    PESTLE ANALYSIS
    RUSSIA
    - Focus on reducing space debris to drive market
    UK
    - Surge in satellite launches to drive market
    GERMANY
    - Ongoing research and development of advanced space solutions to drive market
    FRANCE
    - Significant presence of prominent players to drive market
    ITALY
    - Growing commercial space industry to drive market
  • 12.4 ASIA PACIFIC
    PESTLE ANALYSIS
    CHINA
    - Commitment to reducing carbon footprint in space to drive market
    JAPAN
    - Support from government agencies to drive market
    INDIA
    - Development of cost-effective and high-performance propulsion technologies to drive market
    SOUTH KOREA
    - Substantial investments in space programs to drive market
    AUSTRALIA
    - Rising inclination toward electric propulsion to drive market
  • 12.5 MIDDLE EAST
    PESTLE ANALYSIS
    GCC
    - Saudi Arabia
    - UAE
    REST OF MIDDLE EAST
  • 12.6 REST OF THE WORLD
    PESTLE ANALYSIS
    LATIN AMERICA
    - Emphasis on strengthening national space capabilitiesto drive market
    AFRICA
    - Collaborations with international space agencies to drive market
COMPETITIVE LANDSCAPE
200
  • 13.1 INTRODUCTION
  • 13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
  • 13.3 REVENUE ANALYSIS, 2020–2023
  • 13.4 MARKET SHARE ANALYSIS, 2023
  • 13.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
    - Company footprint
    - End user footprint
    - Propulsion footprint
    - Platform footprint
    - Region footprint
  • 13.6 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING
    - List of start-ups/SMEs
    - Competitive benchmarking of start-ups/SMEs
  • 13.7 BRAND/PRODUCT COMPARISON
  • 13.8 COMPANY VALUATION AND FINANCIAL METRICS
  • 13.9 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
    OTHERS
COMPANY PROFILES
232
  • 14.1 KEY PLAYERS
    SAFRAN
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    IHI CORPORATION
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    SPACEX
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    NORTHROP GRUMMAN
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    L3HARRIS TECHNOLOGIES, INC.
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    MOOG INC.
    - Business overview
    - Products offered
    - Recent developments
    RAFAEL ADVANCED DEFENSE SYSTEMS LTD.
    - Business overview
    - Products offered
    LOCKHEED MARTIN CORPORATION
    - Business overview
    - Products offered
    - Recent developments
    THALES
    - Business overview
    - Products offered
    - Recent developments
    OHB SE
    - Business overview
    - Products offered
    - Recent developments
    SIERRA NEVADA CORPORATION
    - Business overview
    - Products offered
    - Recent developments
    AIRBUS
    - Business overview
    - Products offered
    - Recent developments
    VACCO INDUSTRIES
    - Business overview
    - Products offered
    BLUE ORIGIN
    - Business overview
    - Products offered
    - Recent developments
    EATON
    - Business overview
    - Products offered
    - Recent developments
  • 14.2 OTHER PLAYERS
    THRUSTME
    URSA MAJOR TECHNOLOGIES INC
    PHASEFOUR
    EXOTRAIL
    DAWN AEROSPACE
    AST ADVANCED SPACE TECHNOLOGIES GMBH
    STANFORD MU CORPORATION
    MANASTU SPACE TECHNOLOGIES PRIVATE LIMITED
    KREIOS SPACE
    FIREFLY AEROSPACE
APPENDIX
294
  • 15.1 DISCUSSION GUIDE
  • 15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 15.3 CUSTOMIZATION OPTIONS
  • 15.4 RELATED REPORTS
  • 15.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 INCLUSIONS AND EXCLUSIONS
  • TABLE 2 USD EXCHANGE RATES
  • TABLE 3 ADVANCED TECHNOLOGIES USED IN SPACE PROPULSION SYSTEMS
  • TABLE 4 AVERAGE SELLING PRICE OF SATELLITES, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 5 INDICATIVE PRICING ANALYSIS, BY SATELLITE TYPE (USD MILLION)
  • TABLE 6 INDICATIVE PRICING ANALYSIS, BY LAUNCH VEHICLE (USD MILLION)
  • TABLE 7 ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 8 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 9 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 10 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 IMPORT DATA FOR HS CODE 880260, BY COUNTRY, 2019–2023 (USD THOUSAND)
  • TABLE 14 EXPORT DATA FOR HS CODE 880260, BY COUNTRY, 2019–2023 (USD THOUSAND)
  • TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF TOP THREE PLATFORMS (%)
  • TABLE 16 KEY BUYING CRITERIA FOR TOP THREE PLATFORMS
  • TABLE 17 KEY CONFERENCES AND EVENTS, 2025
  • TABLE 18 COMPARISON BETWEEN BUSINESS MODELS
  • TABLE 19 PROPULSION MAPPING OF SATELLITE CONSTELLATIONS
  • TABLE 20 BILL OF MATERIALS FOR SPACE PROPULSION SYSTEMS
  • TABLE 21 BREAKDOWN OF TOTAL COST OF OWNERSHIP OF SATELLITES
  • TABLE 22 TOTAL COST OF OWNERSHIP OF SATELLITES (USD MILLION)
  • TABLE 23 TOTAL COST OF OWNERSHIP OF LAUNCH VEHICLES (USD MILLION)
  • TABLE 24 OPERATIONAL DATA OF SPACE PROPULSION MARKET, 2020–2023 (UNITS)
  • TABLE 25 VOLUME DATA OF SPACE PROPULSION MARKET, 2024–2030 (UNITS)
  • TABLE 26 TYPES OF PLASMA PROPULSION TECHNOLOGIES
  • TABLE 27 COST COMPARISON OF GREEN PROPELLANT TECHNOLOGIES
  • TABLE 28 COMPARATIVE PROPERTIES OF GREEN PROPELLANTS
  • TABLE 29 PATENT ANALYSIS
  • TABLE 30 SPACE PROPULSION MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 31 MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 32 CHEMICAL: SPACE PROPULSION MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 33 CHEMICAL: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 34 NON-CHEMICAL: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 35 NON-CHEMICAL: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 36 ELECTRIC/ION: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 37 ELECTRIC/ION: SPACE PROPULSION MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 38 MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 39 MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 40 SATELLITES: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 41 SATELLITES: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 42 SMALL SATELLITES: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 43 SMALL SATELLITES: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 44 CAPSULES/CARGO: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 45 CAPSULES/CARGO: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 46 LAUNCH VEHICLES: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 47 LAUNCH VEHICLES: SPACE PROPULSION MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 48 MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 49 MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
  • TABLE 50 THRUSTERS: MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 51 THRUSTERS: MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
  • TABLE 52 CHEMICAL PROPULSION THRUSTERS: SPACE PROPULSION MARKET, BY COMPONENT, 2020–2023 (USD MILLION)
  • TABLE 53 CHEMICAL PROPULSION THRUSTERS: MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
  • TABLE 54 PROPELLANT FEED SYSTEMS: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 55 PROPELLANT FEED SYSTEMS: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 56 SPACE PROPULSION MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 57 MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 58 MARKET, BY SUPPORT SERVICE, 2020–2023 (USD MILLION)
  • TABLE 59 MARKET, BY SUPPORT SERVICE, 2024–2030 (USD MILLION)
  • TABLE 60 MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 61 MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 62 NORTH AMERICA: SPACE PROPULSION MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 63 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 64 NORTH AMERICA: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 65 NORTH AMERICA: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 66 NORTH AMERICA: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 67 NORTH AMERICA: MARKET, BY TYPE,2024–2030 (USD MILLION)
  • TABLE 68 NORTH AMERICA: MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 69 NORTH AMERICA: SPACE PROPULSION MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 70 US: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 71 US: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 72 US: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 73 US: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 74 US: SPACE PROPULSION MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 75 US: MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 76 CANADA: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 77 CANADA: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 78 CANADA: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 79 CANADA: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 80 CANADA: MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 81 CANADA: MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 82 EUROPE: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 83 EUROPE: SPACE PROPULSION MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 84 EUROPE: MARKET, BY PLATFORM,2020–2023 (USD MILLION)
  • TABLE 85 EUROPE: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 86 EUROPE: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 87 EUROPE: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 88 EUROPE: MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 89 EUROPE: MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 90 RUSSIA: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 91 RUSSIA: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 92 RUSSIA: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 93 RUSSIA: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 94 RUSSIA: MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 95 RUSSIA: SPACE PROPULSION MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 96 UK: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 97 UK: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 98 UK: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 99 UK: ;MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 100 UK MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 101 UK: SPACE PROPULSION MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 102 GERMANY: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 103 GERMANY: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 104 GERMANY: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 105 GERMANY: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 106 GERMANY: MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 107 GERMANY: SPACE PROPULSION MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 108 FRANCE: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 109 FRANCE: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 110 FRANCE: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 111 FRANCE: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 112 FRANCE: MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 113 FRANCE: MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 114 ITALY: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 115 ITALY: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 116 ITALY: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 117 ITALY: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 118 ITALY: MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 119 ITALY: SPACE PROPULSION MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 120 ASIA PACIFIC: MARKET, BY COUNTRY,2020–2023 (USD MILLION)
  • TABLE 121 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 122 ASIA PACIFIC: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 123 ASIA PACIFIC: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 124 ASIA PACIFIC: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 125 ASIA PACIFIC: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 126 ASIA PACIFIC: MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 127 ASIA PACIFIC: SPACE PROPULSION MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 128 CHINA: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 129 CHINA: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 130 CHINA: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 131 CHINA: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 132 CHINA: MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 133 CHINA: MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 134 JAPAN: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 135 JAPAN: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 136 JAPAN: SPACE PROPULSION MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 137 JAPAN: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 138 JAPAN: MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 139 JAPAN: MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 140 INDIA: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 141 INDIA: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 142 INDIA: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 143 INDIA: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 144 INDIA: MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 145 INDIA: SPACE PROPULSION MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 146 SOUTH KOREA: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 147 SOUTH KOREA: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 148 SOUTH KOREA: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 149 SOUTH KOREA: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 150 SOUTH KOREA: MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 151 SOUTH KOREA: SPACE PROPULSION MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 152 AUSTRALIA: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 153 AUSTRALIA: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 154 AUSTRALIA: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 155 AUSTRALIA: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 156 AUSTRALIA: MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 157 AUSTRALIA: SPACE PROPULSION MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 158 MIDDLE EAST: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 159 MIDDLE EAST: MARKET, BY COUNTRY,2024–2030 (USD MILLION)
  • TABLE 160 MIDDLE EAST: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 161 MIDDLE EAST: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 162 MIDDLE EAST: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 163 MIDDLE EAST: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 164 MIDDLE EAST: SPACE PROPULSION MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 165 MIDDLE EAST: MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 166 SAUDI ARABIA: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 167 SAUDI ARABIA: MARKET, BY PLATFORM,2024–2030 (USD MILLION)
  • TABLE 168 SAUDI ARABIA: SPACE PROPULSION MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 169 SAUDI ARABIA: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 170 SAUDI ARABIA: MARKET, BY END USER,2020–2023 (USD MILLION)
  • TABLE 171 SAUDI ARABIA: MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 172 UAE: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 173 UAE: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 174 UAE: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 175 UAE: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 176 UAE: MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 177 UAE: SPACE PROPULSION MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 178 REST OF MIDDLE EAST: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 179 REST OF MIDDLE EAST: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 180 REST OF MIDDLE EAST: MARKET, BY TYPE,2020–2023 (USD MILLION)
  • TABLE 181 REST OF MIDDLE EAST: SPACE PROPULSION MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 182 REST OF MIDDLE EAST: MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 183 REST OF MIDDLE EAST: SPACE PROPULSION MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 184 REST OF THE WORLD: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 185 REST OF THE WORLD: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 186 REST OF THE WORLD: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 187 REST OF THE WORLD: SPACE PROPULSION MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 188 REST OF THE WORLD: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 189 REST OF THE WORLD: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 190 REST OF THE WORLD: MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 191 REST OF THE WORLD: SPACE PROPULSION MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 192 LATIN AMERICA: MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 193 LATIN AMERICA: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 194 LATIN AMERICA: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 195 LATIN AMERICA: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 196 LATIN AMERICA: SPACE PROPULSION MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 197 LATIN AMERICA: MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 198 AFRICA: SPACE PROPULSION MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 199 AFRICA: MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • TABLE 200 AFRICA: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 201 AFRICA: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 202 AFRICA: SPACE PROPULSION MARKET, BY END USER, 2020–2023 (USD MILLION)
  • TABLE 203 AFRICA: MARKET, BY END USER, 2024–2030 (USD MILLION)
  • TABLE 204 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
  • TABLE 205 SPACE PROPULSION MARKET: DEGREE OF COMPETITION
  • TABLE 206 END USER FOOTPRINT
  • TABLE 207 TYPE FOOTPRINT
  • TABLE 208 PLATFORM FOOTPRINT
  • TABLE 209 REGION FOOTPRINT
  • TABLE 210 LIST OF START-UPS/SMES
  • TABLE 211 COMPETITIVE BENCHMARKING OF START-UPS/SMES
  • TABLE 212 SPACE PROPULSION MARKET: PRODUCT LAUNCHES, 2020–2024
  • TABLE 213 MARKET: DEALS, 2020–2024
  • TABLE 214 SPACE PROPULSION MARKET: OTHERS, 2020–2024
  • TABLE 215 SAFRAN: COMPANY OVERVIEW
  • TABLE 216 SAFRAN: PRODUCTS OFFERED
  • TABLE 217 SAFRAN: DEALS
  • TABLE 218 SAFRAN: OTHERS
  • TABLE 219 IHI CORPORATION: COMPANY OVERVIEW
  • TABLE 220 IHI CORPORATION: PRODUCTS OFFERED
  • TABLE 221 IHI CORPORATION: DEALS
  • TABLE 222 SPACEX: COMPANY OVERVIEW
  • TABLE 223 SPACEX: PRODUCTS OFFERED
  • TABLE 224 SPACEX: DEALS
  • TABLE 225 SPACEX: OTHERS
  • TABLE 226 NORTHROP GRUMMAN: COMPANY OVERVIEW
  • TABLE 227 NORTHROP GRUMMAN: PRODUCTS OFFERED
  • TABLE 228 NORTHROP GRUMMAN: PRODUCT LAUNCHES
  • TABLE 229 NORTHROP GRUMMAN: OTHERS
  • TABLE 230 L3HARRIS TECHNOLOGIES, INC.: COMPANY OVERVIEW
  • TABLE 231 L3HARRIS TECHNOLOGIES, INC.: PRODUCTS OFFERED
  • TABLE 232 L3HARRIS TECHNOLOGIES, INC.: DEALS
  • TABLE 233 L3HARRIS TECHNOLOGIES, INC.: OTHERS
  • TABLE 234 MOOG INC.: COMPANY OVERVIEW
  • TABLE 235 MOOG INC.: PRODUCTS OFFERED
  • TABLE 236 MOOG INC.: DEALS
  • TABLE 237 MOOG INC.: OTHERS
  • TABLE 238 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: COMPANY OVERVIEW
  • TABLE 239 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: PRODUCTS OFFERED
  • TABLE 240 LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW
  • TABLE 241 LOCKHEED MARTIN CORPORATION: PRODUCTS OFFERED
  • TABLE 242 LOCKHEED MARTIN CORPORATION: DEALS
  • TABLE 243 LOCKHEED MARTIN CORPORATION: OTHERS
  • TABLE 244 THALES: COMPANY OVERVIEW
  • TABLE 245 THALES: PRODUCTS OFFERED
  • TABLE 246 THALES: DEALS
  • TABLE 247 THALES: OTHERS
  • TABLE 248 OHB SE: COMPANY OVERVIEW
  • TABLE 249 OHB SE: PRODUCTS OFFERED
  • TABLE 250 OHB SE: PRODUCT LAUNCHES
  • TABLE 251 OHB SE: DEALS
  • TABLE 252 OHB SE: OTHERS
  • TABLE 253 SIERRA NEVADA CORPORATION: COMPANY OVERVIEW
  • TABLE 254 SIERRA NEVADA CORPORATION: PRODUCTS OFFERED
  • TABLE 255 SIERRA NEVADA CORPORATION: PRODUCT LAUNCHES
  • TABLE 256 SIERRA NEVADA CORPORATION: OTHERS
  • TABLE 257 AIRBUS: COMPANY OVERVIEW
  • TABLE 258 AIRBUS: PRODUCTS OFFERED
  • TABLE 259 AIRBUS: DEALS
  • TABLE 260 AIRBUS: OTHERS
  • TABLE 261 VACCO INDUSTRIES: COMPANY OVERVIEW
  • TABLE 262 VACCO INDUSTRIES: PRODUCTS OFFERED
  • TABLE 263 BLUE ORIGIN: COMPANY OVERVIEW
  • TABLE 264 BLUE ORIGIN: PRODUCTS OFFERED
  • TABLE 265 BLUE ORIGIN: PRODUCT LAUNCHES
  • TABLE 266 BLUE ORIGIN: DEALS
  • TABLE 267 BLUE ORIGIN: OTHERS
  • TABLE 268 EATON: COMPANY OVERVIEW
  • TABLE 269 EATON: PRODUCTS OFFERED
  • TABLE 270 EATON: DEALS
  • TABLE 271 EATON: OTHERS
  • TABLE 272 THRUSTME: COMPANY OVERVIEW
  • TABLE 273 URSA MAJOR TECHNOLOGIES INC: COMPANY OVERVIEW
  • TABLE 274 PHASEFOUR: COMPANY OVERVIEW
  • TABLE 275 EXOTRAIL: COMPANY OVERVIEW
  • TABLE 276 DAWN AEROSPACE: COMPANY OVERVIEW
  • TABLE 277 AST ADVANCED SPACE TECHNOLOGIES GMBH: COMPANY OVERVIEW
  • TABLE 278 STANFORD MU CORPORATION: COMPANY OVERVIEW
  • TABLE 279 MANASTU SPACE TECHNOLOGIES PRIVATE LIMITED: COMPANY OVERVIEW
  • TABLE 280 KREIOS SPACE: COMPANY OVERVIEW
  • TABLE 281 FIREFLY AEROSPACE: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 SPACE PROPULSION MARKET SEGMENTATION
  • FIGURE 2 RESEARCH DESIGN MODEL
  • FIGURE 3 RESEARCH DESIGN
  • FIGURE 4 BOTTOM-UP APPROACH
  • FIGURE 5 TOP-DOWN APPROACH
  • FIGURE 6 DATA TRIANGULATION
  • FIGURE 7 BY PLATFORM, LAUNCH VEHICLES TO BE LEADING SEGMENT DURING FORECAST PERIOD
  • FIGURE 8 BY COMPONENT, THRUSTERS TO BE LEADING SEGMENT DURINGFORECAST PERIOD
  • FIGURE 9 BY END USER, COMMERCIAL TO BE LEADING SEGMENT DURING FORECAST PERIOD
  • FIGURE 10 NORTH AMERICA TO BE LEADING SPACE PROPULSION MARKET DURING FORECAST PERIOD
  • FIGURE 11 RAPID ADVANCEMENTS IN PROPULSION TECHNOLOGIES TO DRIVE MARKET
  • FIGURE 12 LAUNCH VEHICLES TO SURPASS OTHER SEGMENTS DURING FORECAST PERIOD
  • FIGURE 13 THRUSTERS TO SECURE LEADING POSITION DURING FORECAST PERIOD
  • FIGURE 14 COMMERCIAL TO BE LARGER THAN GOVERNMENT & DEFENSE DURING FORECAST PERIOD
  • FIGURE 15 CHEMICAL PROPULSION SEGMENT TO HOLD HIGHER SHARE THAN NON-CHEMICAL SEGMENT DURING FORECAST PERIOD
  • FIGURE 16 GERMANY TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
  • FIGURE 17 SPACE PROPULSION MARKET DYNAMICS
  • FIGURE 18 ANNUAL SPACE DEPLOYMENTS, BY REGION, 2020–2023
  • FIGURE 19 GOVERNMENT EXPENDITURE ON SPACE PROGRAMS, BY COUNTRY, 2021–2024 (USD BILLION)
  • FIGURE 20 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 21 AVERAGE SELLING PRICE OF SATELLITES, BY REGION, 2020–2023 (USD MILLION)
  • FIGURE 22 INDICATIVE PRICING ANALYSIS, BY SATELLITE TYPE (USD MILLION)
  • FIGURE 23 INDICATIVE PRICING ANALYSIS, BY LAUNCH VEHICLE
  • FIGURE 24 VALUE CHAIN ANALYSIS
  • FIGURE 25 ECOSYSTEM ANALYSIS
  • FIGURE 26 IMPORT DATA FOR HS CODE 880260, BY COUNTRY, 2019–2023 (USD THOUSAND)
  • FIGURE 27 EXPORT DATA FOR HS CODE 880260, BY COUNTRY, 2019–2023 (USD THOUSAND)
  • FIGURE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF TOP THREE PLATFORMS
  • FIGURE 29 KEY BUYING CRITERIA FOR TOP THREE PLATFORMS
  • FIGURE 30 INVESTMENT AND FUNDING SCENARIO, 2020–2024
  • FIGURE 31 BUSINESS MODELS IN SPACE PROPULSION MARKET
  • FIGURE 32 EVOLUTION OF TECHNOLOGY
  • FIGURE 33 TECHNOLOGY ROADMAP
  • FIGURE 34 BILL OF MATERIALS FOR SPACE PROPULSION SYSTEMS
  • FIGURE 35 TOTAL COST OF OWNERSHIP OF SPACE PROPULSION SYSTEMS
  • FIGURE 36 TOTAL COST OF OWNERSHIP OF SATELLITES (USD MILLION)
  • FIGURE 37 TOTAL COST OF OWNERSHIP OF LAUNCH VEHICLES (USD MILLION)
  • FIGURE 38 ADOPTION OF AI IN SPACE INDUSTRY
  • FIGURE 39 ADOPTION OF AI IN SPACE BY TOP COUNTRIES
  • FIGURE 40 IMPACT OF AI ON SPACE PROPULSION MARKET
  • FIGURE 41 SUPPLY CHAIN ANALYSIS
  • FIGURE 42 PATENT ANALYSIS
  • FIGURE 43 SPACE PROPULSION MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • FIGURE 44 MARKET, BY PLATFORM, 2024–2030 (USD MILLION)
  • FIGURE 45 SPACE PROPULSION MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
  • FIGURE 46 MARKET, BY END USER, 2024–2030 (USD MILLION)
  • FIGURE 47 SPACE PROPULSION MARKET, BY SUPPORT SERVICE, 2024–2030 (USD MILLION)
  • FIGURE 48 MARKET, BY REGION, 2024–2030
  • FIGURE 49 NORTH AMERICA: SPACE PROPULSION MARKET SNAPSHOT
  • FIGURE 50 EUROPE: MARKET SNAPSHOT
  • FIGURE 51 ASIA PACIFIC: MARKET SNAPSHOT
  • FIGURE 52 MIDDLE EAST: SPACE PROPULSION MARKET SNAPSHOT
  • FIGURE 53 REST OF THE WORLD: SPACE PROPULSION MARKET SNAPSHOT
  • FIGURE 54 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2023 (USD MILLION)
  • FIGURE 55 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
  • FIGURE 56 COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 57 COMPANY FOOTPRINT
  • FIGURE 58 COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023
  • FIGURE 59 BRAND/PRODUCT COMPARISON
  • FIGURE 60 FINANCIAL METRICS OF PROMINENT PLAYERS
  • FIGURE 61 COMPANY VALUATION OF PROMINENT PLAYERS
  • FIGURE 62 SAFRAN: COMPANY SNAPSHOT
  • FIGURE 63 IHI CORPORATION: COMPANY SNAPSHOT
  • FIGURE 64 NORTHROP GRUMMAN: COMPANY SNAPSHOT
  • FIGURE 65 L3HARRIS TECHNOLOGIES, INC.: COMPANY SNAPSHOT
  • FIGURE 66 MOOG INC.: COMPANY SNAPSHOT
  • FIGURE 67 LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
  • FIGURE 68 THALES: COMPANY SNAPSHOT
  • FIGURE 69 OHB SE: COMPANY SNAPSHOT
  • FIGURE 70 AIRBUS: COMPANY SNAPSHOT
  • FIGURE 71 ETON: COMPANY SNAPSHOT

 

The research study conducted on the Space Propulsion market involved the extensive use of secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg, and Factiva, to identify and collect relevant information. Primary sources included industry experts from the market as well as suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of the value chain of this industry. In-depth interviews of various primary respondents, including key industry participants, subject matter experts (SMEs), industry consultants, and C-level executives, were conducted to obtain and verify critical qualitative and quantitative information pertaining to the market as well as assess the growth prospects of the market. A deductive approach, also known as the bottom-up approach combined with the top-down approach, was used to forecast the market size of different market segments.

Secondary Research

The share of companies in the Space Propulsion market was determined based on secondary data made available through paid and unpaid sources and an analysis of the product portfolios of major companies. These companies were rated based on their performance and quality. These data points were further validated by primary sources. Secondary sources for this research study included corporate filings, such as annual reports, investor presentations, and financial statements from trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information about the current scenario of the Space Propulsion market through secondary research. Several primary interviews were conducted with market experts from both, the demand and supply sides across different regions. This primary data was collected through questionnaires, emails, and telephonic interviews.

Space Propulsion Market Size, and Share

Note: Tiers of companies are based on their revenue in 2023. Tier 1: company revenue greater than USD 1 billion; tier 2: company revenue between USD 100 million and USD 1 billion; and tier 3: company revenue less than USD 100 million.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the size of the Space Propulsion market. The research methodology used to estimate the market size includes the following details.

Key players in the market were identified through secondary research, and their market share was determined through primary and secondary research. This included a study of the annual and financial reports of top market players and extensive interviews with industry stakeholders such as CEOs, technical advisors, military experts, and SMEs of leading companies operating in the Space Propulsion market.

All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data on the Space Propulsion market. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.

Space Propulsion Market : Top-Down and Bottom-Up Approach

Sports Technology Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall size of the Space Propulsion market from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the Space Propulsion market size was validated using the top-down and bottom-up approaches.

Market Definition

Space propulsion is the technology and systems used to produce thrusts and manipulate spacecraft, satellites, and launch vehicles in the vacuum of space or while ascending through the atmosphere of Earth. Spacecraft can make the necessary movement in the vacuum of space by expelling mass in the opposite direction as per the Third Law of Motion of Newton. A general classification for space propulsion systems yields chemical propulsion (solid, liquid, and hybrid rocket engines), and non-chemical propulsion (electric, nuclear, and solar sail propulsion). Since chemical propulsion presents high thrust, it is naturally suited for the launch of vehicles as well as orbital maneuvers, whereas non-chemical propulsion makes a much more efficient use of energy on long missions, such as clean-space exploration or satellite station-keeping. Propagation technology is getting advanced and the new generation of propulsion systems being introduced are highly efficient, reusable, and environmentally friendly, thus serving the growing requirements pertaining to commercial, scientific, and defense-oriented tasks in space.

Key Stakeholders

  • Propulsion System Manufacturers
  • Satellite Operators
  • Raw Material Providers
  • Component Providers
  • National Space Agencies
  • Launch Service Providers
  • Original Equipment Manufacturers
  • Regulatory Bodies
  • Departments of Defense
  • Space Propulsion Service Providers

Report Objectives

  • To define, describe, segment, and forecast the size of the Space Propulsion market based on  platform, propulsion type, component, end user, support services, and region.
  • To forecast the size of market segments based on five regions: North America, Europe, Asia Pacific, Middle East, and Rest of the World, along with key countries in each region.
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market across the globe.
  • To identify industry trends, market trends, and technology trends that are currently prevailing in the market.
  • To provide an overview of the regulatory landscape with respect to drone regulations across regions.
  • To analyze micro markets with respect to individual growth trends, prospects, and their contribution to the overall market.
  • To analyze opportunities in the market for stakeholders by identifying key market trends.
  • To profile key market players and comprehensively analyze their market shares and core competencies.
  • To analyze the degree of competition in the market by identifying key growth strategies, such as acquisitions, product launches, contracts, and partnerships, adopted by leading market players.
  • To identify detailed financial positions, key products, and unique selling points of leading companies in the market.
  • To provide a detailed competitive landscape of the market, along with market ranking analysis, market share analysis, and revenue analysis of key players.

Available Customizations

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the market segments at country-level

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Previous Versions of this Report

Space Propulsion Market Platform (Satellite, Launch Vehicle), Propulsion Type (Chemical Propulsion, Non-Chemical Propulsion), Component (Thrusters, Propellant Feed System, Nozzle), Orbit, End User, Orbit, Support Service Region - Global Forecast to 2028

Report Code AS 7754
Published in Jul, 2023, By MarketsandMarkets™

Space Propulsion Market by Type (Chemical Propulsion, Non-Chemical Propulsion), System Component (Thrusters, Propellant Feed System, Nozzle), Platform (Satellite, Launch Vehicle), Orbit, End User, Orbit, Support Service, Region - Global Forecast to 2026

Report Code AS 7754
Published in Apr, 2022, By MarketsandMarkets™

Space Propulsion Market by Type (Chemical Propulsion, Non-Chemical Propulsion), System Component (Thrusters, Propellant Feed System, Nozzle), Platform (Satellite, Launch Vehicle), Orbit, End User, Orbit, Support Service, Region - Global Forecast to 2026

Report Code AS 7754
Published in Oct, 2020, By MarketsandMarkets™

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