The global demand for Satellite Propulsion Systems Market is presumed to reach the market size of nearly USD 4.97 BN by 2030 from USD 2.71 BN in 2022 with a CAGR of 7.89% under the study period 2023 - 2030.
Satellite propulsion systems are the mechanisms and technologies used to generate thrust and manoeuvre satellites in space. These systems are crucial for satellite operations, including orbit insertion, maintenance, attitude control, and repositioning.
Market Dynamics
The growing demand for satellites for communication, Earth observation, navigation, and scientific research purposes has led to an increased deployment of satellites. This rise in satellite launches creates a demand for propulsion systems to manoeuvre and maintain the satellites in their desired orbits. With the increasing congestion of space and the potential for satellite collisions, there is a growing need for satellite operators to perform orbit maintenance to avoid collisions and extend satellite lifetimes. Satellite propulsion systems play a vital role in performing these manoeuvres and ensuring safe operations. Satellites often require precise manoeuvring capabilities for tasks such as station-keeping, orbital transfers, and rendezvous with other spacecraft. The development of advanced propulsion systems with high thrust control and accuracy enables satellites to perform these intricate manoeuvres, meeting the demand for precise satellite operations. Satellite propulsion systems are essential for long-duration missions and deep-space exploration. Electric propulsion systems, such as ion thrusters, offer high fuel efficiency and prolonged operation, making them suitable for interplanetary missions and missions requiring extended operational lifetimes. These advancements attract investments and contribute to the overall growth of the satellite propulsion systems market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of satellite propulsion systems. The growth and trends of satellite propulsion systems industry provide a holistic approach to this study.
Market Segmentation
This section of the satellite propulsion systems market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By System Type
- Bipropellant Propulsion System
- Monopropellant Propulsion System
- Pneumatic Propulsion System
- Others
By Application
- Applications Satellite
- Science Satellite
- Technology Experiment Satellite
By Propulsion Type
- Cold Gas Propulsion
- Ambipolar Thrusters
- Green Liquid
- Pulsed Plasma Propulsion
- Water Electrolyzed
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Satellite Propulsion Systems market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Satellite Propulsion Systems Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the satellite propulsion systems market include Moog Inc., ENPULSION GmbH, Exotrail SA, Aerojet Rocketdyne, Airbus SE, BALL CORPORATION, Bellatrix Aerospace Private Limited, Busek Co. Inc., and Cobham PLC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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