Satellite Propulsion System Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By System Type (Monopropellant, Bipropellant, Pneumatic/Hybrid Systems), By Propulsion Type (Cold Gas, Pulsed Plasma, Green Liquid, Water Electrolysed, Others), By Region, Competition, 2019-2029F

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Summary

Report Description

 

Forecast Period

2025-2029

Market Size (2023)

USD 2.44 Billion

CAGR (2024-2029)

6.47%

Fastest Growing Segment

Monopropellant

Largest Market

North America

Market Size (2029)

USD 3.54 Billion





Market Overview

Global Satellite Propulsion System Market was valued at USD 2.44 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.47% through 2029. The global satellite propulsion system market is experiencing substantial growth driven by several key factors. One of the primary growth drivers is the increasing demand for satellite-based services such as communication, navigation, and Earth observation. The proliferation of small satellites and advancements in satellite technology have further fueled this demand. Additionally, the growing investments in space exploration and the development of satellite constellations for various applications are propelling the market forward. Innovations in propulsion technologies, including electric propulsion systems, are enhancing the efficiency and lifespan of satellites, making them more attractive to both commercial and governmental entities. These advancements are not only improving satellite performance but also reducing operational costs, which is a significant factor in market expansion.

Trends in the satellite propulsion system market include the miniaturization of satellite components and the increasing adoption of electric propulsion systems. The miniaturization trend is particularly evident in the rise of CubeSats and small satellites, which require compact and efficient propulsion solutions. Electric propulsion systems, such as ion thrusters and Hall effect thrusters, are gaining popularity due to their ability to provide higher efficiency and longer operational lifetimes compared to traditional chemical propulsion systems. Another notable trend is the integration of advanced materials and manufacturing techniques, such as 3D printing, which are reducing production costs and enabling more complex and efficient propulsion designs. These trends are contributing to the development of more capable and cost-effective satellite propulsion systems.

Despite the positive outlook, the satellite propulsion system market faces several challenges. One significant challenge is the high cost associated with the development and deployment of advanced propulsion technologies. While innovations are driving costs down, the initial investment remains substantial. Additionally, regulatory and safety concerns pose hurdles, as the space industry is heavily regulated to ensure the safe launch and operation of satellites. Ensuring compliance with these regulations can be time-consuming and costly. Furthermore, the increasing amount of space debris presents a growing risk to satellite operations, necessitating the development of more robust and reliable propulsion systems that can perform collision avoidance maneuvers. Addressing these challenges is crucial for the sustained growth and success of the satellite propulsion system market.

The global satellite propulsion system market is thriving due to the rising demand for satellite-based services and advancements in propulsion technologies. Trends such as the miniaturization of satellites and the adoption of electric propulsion systems are shaping the market landscape. However, challenges including high development costs, regulatory hurdles, and space debris risks need to be addressed to ensure continued growth and innovation in this dynamic industry.

Market Drivers

Proliferation of Small Satellites and Mega-Constellations

One of the most significant drivers of the Global Satellite Propulsion System market is the proliferation of small satellites and mega-constellations. In recent years, there has been a notable surge in the deployment of small satellites, including CubeSats and smallsats, for various purposes, such as Earth observation, communication, scientific research, and technology demonstration. These small satellites and the ambitious mega-constellation projects, like SpaceX's Starlink and OneWeb, aim to provide global broadband internet coverage. However, they require highly efficient propulsion systems to achieve their operational objectives. As a result, the demand for propulsion systems that are compact, cost-effective, and capable of precision orbit adjustments has grown significantly. Ion propulsion systems, in particular, have gained popularity for small satellites due to their high specific impulse, which enables efficient station-keeping and orbit raising maneuvers. Hall-effect thrusters and other electric propulsion systems are increasingly being incorporated into these small satellite designs. Moreover, mega-constellations, which consist of hundreds or even thousands of satellites, rely on satellite propulsion systems to maintain proper spacing and orbital stability within the constellation. This drives innovation and growth in propulsion technology as companies compete to offer reliable, high-performance systems.

For instance, in May 2024, a Chinese company associated with the commercial rocket manufacturer Landspace submitted a notification to the International Telecommunication Union (ITU) regarding a planned satellite constellation. Shanghai Lanjian Hongqing Technology Company, also referred to as Hongqing Technology, filed an Advance Publication Information (API) with the ITU for a constellation consisting of 10,000 satellites.

Increased Investment in Space Exploration and Science Missions

A second major driver of the Satellite Propulsion System market is the increased investment in space exploration and scientific missions. Governments and private organizations are directing resources towards exploring the Moon, Mars, asteroids, and other celestial bodies. These missions require advanced propulsion systems to enable precise trajectory control, landing, and sample return. For instance, NASA's Artemis program aims to return astronauts to the Moon and establish a sustainable presence there. Lunar Gateway, a key component of the program, necessitates sophisticated propulsion systems for orbital operations and transportation between lunar orbit and the lunar surface. Similarly, Mars exploration missions, like NASA's Perseverance rover and the upcoming Mars Sample Return mission in collaboration with the European Space Agency (ESA), rely on propulsion systems for descent, landing, sample collection, and ascent back to Martian orbit. Space science missions, such as those studying comets, asteroids, and distant planets, also depend on propulsion systems to reach their target celestial bodies, conduct scientific observations, and return data to Earth. These missions drive the development of high-performance propulsion systems, including chemical propulsion, nuclear propulsion, and advanced electric propulsion, to meet the unique challenges and requirements of deep-space exploration and science missions.

For instance, in March 2024, the Biden-Harris Administration unveiled the President’s Budget for Fiscal Year 2025, allocating funds to invest in the United States and its citizens. This budget supports NASA's mission to enhance our knowledge of Earth and space and to inspire global discovery. Included in the budget is $7.8 billion for the U.S.-led Artemis lunar exploration campaign. This funding will enable the mission to land astronauts on the lunar surface, including the first woman, the first person of color, and the first international astronaut, beginning this decade as part of a long-term scientific and exploratory endeavor.

Commercial Space Industry Growth and Satellite Servicing

The growth of the commercial space industry and the emerging field of satellite servicing is another significant driver of the Satellite Propulsion System market. Private space companies have been making substantial investments in satellite manufacturing, launch, and operations, and they often require innovative propulsion systems to maintain and maneuver their satellite fleets. Satellite servicing, including in-orbit refueling, repair, and repositioning, is becoming an integral part of space operations. Companies like Northrop Grumman's MEV (Mission Extension Vehicle) and Astroscale are developing satellite servicing technologies that involve docking with satellites in orbit and using their propulsion systems to extend their operational lifespans or relocate them to different orbits. Propulsion systems play a critical role in these satellite servicing missions by allowing precise station-keeping, rendezvous, and proximity operations. The demand for reliable and versatile propulsion systems has consequently increased as satellite servicing becomes a viable and growing industry. Additionally, the commercial space industry is driving the demand for advanced propulsion technologies that can support a wide range of missions, from Earth observation and communication to space tourism and space habitats. As more private companies enter the space industry, there is an increased focus on developing propulsion systems that are efficient, scalable, and cost-effective.

Geopolitical Rivalry and National Security Needs

Geopolitical developments and national security concerns are powerful drivers of the Satellite Propulsion System market. The ability to safeguard national interests in space has become a top priority for many countries, leading to the development of satellite constellations for secure communication, reconnaissance, and early warning systems. For example, the United States has initiated programs like the Space Development Agency (SDA) to build a resilient and highly interconnected satellite architecture for national security purposes. These systems require advanced propulsion capabilities to maintain their orbits, adapt to changing threats, and respond to potential adversarial actions. Other countries, including China and Russia, have also been investing heavily in space capabilities to protect their national interests, further driving the demand for satellite propulsion systems designed for military and security applications. In response to the growing demand, propulsion systems must meet stringent requirements, including rapid response capabilities, precision orbit adjustments, and the ability to withstand and recover from potential attacks or interference. These systems need to provide enhanced resiliency to ensure continuous satellite operations in a contested space environment.

Sustainable and Eco-Friendly Propulsion Solutions

The focus on sustainability and eco-friendly propulsion solutions is a growing driver in the Satellite Propulsion System market. With increasing concerns about space debris and the environmental impact of satellite propulsion, there is a push for more environmentally responsible propulsion technologies. Traditional chemical propulsion systems can generate orbital debris through propellant explosions or the release of spent stages. As a result, there is a growing interest in alternative, non-toxic, and green propulsion systems, such as water-based and electric propulsion, to minimize the generation of space debris. Water-based propulsion, utilizing water as a propellant, offers an environmentally friendly alternative to traditional chemical propulsion. It is seen as a sustainable option for satellite propulsion, especially for small satellites and CubeSats. Electric propulsion systems, such as ion thrusters and Hall-effect thrusters, are gaining traction due to their efficiency and reduced reliance on traditional chemical propellants. They produce lower exhaust velocities and are therefore less likely to contribute to space debris concerns. As governments and organizations increasingly adopt environmentally responsible policies, the development and adoption of sustainable propulsion systems are expected to become more prominent in the Satellite Propulsion System market.

 

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Key Market Challenges

Increasing Space Debris and Collision Risks

One of the most pressing challenges in the Global Satellite Propulsion System Market is the growing issue of space debris and the associated risks of satellite collisions. As more satellites are launched into space, particularly within mega-constellations, the risk of collisions and space debris proliferation increases. This challenge is fueled by a combination of factors, including outdated or non-operational satellites, rocket stages, and fragments from previous missions. Space debris poses a significant threat to operational satellites in orbit. Collisions with debris can cause catastrophic damage, potentially leading to mission failure or the generation of even more fragments, exacerbating the problem. Propulsion systems are essential for mitigating these collision risks through collision avoidance maneuvers, orbit adjustments, and debris avoidance strategies.

Detecting and tracking space debris is challenging due to the large number of objects in orbit, varying sizes, and irregular shapes. Predicting potential collisions and taking timely corrective actions require advanced tracking technology and coordination among satellite operators. Propulsion systems must be capable of executing rapid and precise collision avoidance maneuvers. This requires not only efficient propulsion but also sophisticated algorithms and real-time monitoring systems to assess collision risks. Satellites need propulsion systems for controlled deorbiting at the end of their operational lives to ensure they re-enter Earth's atmosphere and burn up, rather than contributing to the space debris problem.

The mitigation of space debris and collision risks is a critical challenge that space agencies, regulatory bodies, and satellite operators are actively addressing. Developing and implementing effective guidelines for space debris management, as well as improving space traffic management, are vital components of addressing this challenge.

Regulatory Compliance and Space Sustainability

The Satellite Propulsion System Market faces challenges related to regulatory compliance and the growing emphasis on space sustainability. Regulatory frameworks for space activities are evolving to address concerns about space debris, the long-term sustainability of space operations, and responsible space conduct. Satellite propulsion systems must adhere to evolving international and national regulations governing space activities. These regulations encompass orbital debris mitigation, launch licensing, frequency allocation, and spectrum management. Non-compliance can lead to mission delays, penalties, and restrictions. The sustainability of space operations has become a significant focus, encompassing aspects such as orbital congestion, debris mitigation, frequency coordination, and responsible space practices. Satellite operators need to incorporate propulsion systems that support space sustainability objectives, including deorbiting defunct satellites and preventing on-orbit collisions. The allocation and management of radiofrequency spectrum for satellite communications is another challenge. Satellite operators must navigate complex regulatory processes to secure the necessary spectrum, ensuring that their satellite systems can operate without interference from other satellite systems or terrestrial communications. Complying with these evolving regulatory requirements and ensuring the sustainability of space activities is critical for long-term market growth and stability. Regulatory challenges may also extend to export control restrictions, as some propulsion technologies are subject to export controls to prevent their misuse in dual-use applications.

Technological Advances and Market Competition

The Satellite Propulsion System Market is marked by intense competition and the need for continuous technological advancement. This competitive landscape poses challenges for both established players and new entrants: The need to stay ahead of the technological curve is an ongoing challenge. Developing innovative propulsion technologies that offer higher efficiency, greater thrust, and improved reliability is crucial for maintaining a competitive edge in the market. Staying at the forefront of propulsion advancements requires substantial investment in research and development. The presence of well-established players with extensive experience and resources can be a barrier for new entrants. Building a reputation in the industry, securing partnerships, and gaining access to satellite manufacturers can be challenging for emerging propulsion system providers. Achieving cost-effective solutions is another challenge. As satellite operators seek to reduce launch costs and operational expenses, propulsion system providers need to develop systems that offer a balance between performance and affordability. Achieving economies of scale through high-volume production can be a way to address this challenge. The fast pace of technological advancement can lead to the rapid obsolescence of propulsion systems. Satellite operators are often hesitant to invest in systems that may quickly become outdated, and propulsion system providers must offer solutions with extended lifecycles to address this concern. Innovation, collaboration, and adaptability are essential for overcoming these technological and competitive challenges. Companies that can consistently offer cutting-edge propulsion technology, cost-effective solutions, and flexibility in adapting to changing market demands are more likely to succeed in this highly competitive market.

Environmental Considerations and Green Propulsion

The Satellite Propulsion System Market faces increasing pressure to address environmental concerns and promote sustainability in space operations. Key challenges in this context include: The use of toxic propellants in traditional chemical propulsion systems poses environmental and health risks. Hydrazine, for example, is a hazardous and carcinogenic substance. Satellite operators, space agencies, and environmental organizations are calling for the reduction and eventual elimination of toxic propellants. The challenge of managing space debris, as discussed earlier, is closely related to environmental concerns. Space debris poses a long-term environmental risk by cluttering Earth's orbits and increasing the chances of collisions that can produce more debris. The development and adoption of eco-friendly propulsion solutions, such as water-based propulsion and electric propulsion, are crucial for mitigating environmental challenges. These propulsion systems minimize the generation of space debris and reduce the environmental impact of satellite propulsion. Ensuring the long-term sustainability of space operations, including the management of space debris, responsible disposal of defunct satellites, and efficient use of resources, is a complex and ongoing challenge. It involves the cooperation of multiple stakeholders, including space agencies, satellite operators, and regulatory bodies.

Key Market Trends

Transition to Electric Propulsion Systems

One of the most notable trends in the Satellite Propulsion System Market is the increasing adoption of electric propulsion systems. Electric propulsion, including ion thrusters and Hall-effect thrusters, is gaining popularity due to its efficiency, which allows satellites to achieve significant fuel savings and extend their operational lifespans. This trend is driven by the need to reduce launch costs and increase satellite mission durations. Electric propulsion systems work by ionizing a propellant, typically xenon or krypton, and then expelling the ions at high speeds to generate thrust. These systems provide a much higher specific impulse (Isp) compared to traditional chemical propulsion, which means they can deliver the same change in velocity (delta-v) using significantly less propellant. The advantages of electric propulsion include longer mission durations, more efficient orbit raising, increased payload capacity, and greater versatility in orbit adjustments. These systems are particularly beneficial for geostationary satellites, interplanetary missions, and spacecraft operating in medium Earth orbit (MEO). Companies like Airbus, Northrop Grumman, and Maxar are incorporating electric propulsion systems into their satellite designs. Electric propulsion is especially crucial for satellite constellations, such as those for Earth observation, global broadband coverage, and space exploration missions. As more organizations recognize the benefits of electric propulsion, the technology is becoming a prominent trend in the market.

Increased Focus on Green Propulsion

Green propulsion is emerging as a significant trend in the Satellite Propulsion System Market. With growing concerns about space debris and the environmental impact of satellite propulsion, there is a strong emphasis on developing environmentally friendly and sustainable propulsion solutions. This trend is driven by the need to mitigate the risks associated with traditional chemical propulsion systems. Traditional chemical propulsion systems, which use hydrazine or other toxic and carcinogenic propellants, have the potential to generate space debris through propellant explosions or the release of spent rocket stages. Green propulsion seeks to minimize these environmental risks. Water-based propulsion is one of the leading examples of green propulsion. It involves using water as a propellant, which is non-toxic, non-hazardous, and abundant. Water-based propulsion systems offer an eco-friendly alternative to traditional chemical propulsion and are well-suited for small satellites and CubeSats, which are increasingly used for Earth observation, scientific research, and technology demonstrations. Electric propulsion systems, such as ion thrusters, are considered green propulsion due to their high efficiency and low propellant consumption. Since they rely on noble gases like xenon or krypton, they do not produce toxic exhaust products, making them a cleaner and more sustainable option for satellite propulsion. The adoption of green propulsion solutions aligns with the space industry's growing commitment to responsible space operations and environmental sustainability. Regulatory bodies, including the United Nations Committee on the Peaceful Uses of Outer Space (COPUOS), are also emphasizing the importance of mitigating space debris and minimizing the environmental impact of space activities.

Rise of In-Orbit Satellite Servicing

In-orbit satellite servicing is a trend that is reshaping the Satellite Propulsion System Market. This involves the deployment of satellites or spacecraft designed to extend the operational lifespans of other satellites, perform repairs, refueling, or repositioning. The need for satellite servicing is driven by the increasing number of aging satellites in orbit, the desire to maximize the return on satellite investments, and the potential for reducing space debris. The Satellite Propulsion System plays a critical role in in-orbit servicing missions, allowing for precise maneuvers, rendezvous, docking, and proximity operations. Propulsion systems enable servicing satellites to reach their target satellites, establish connections, and facilitate various servicing tasks. Companies like Northrop Grumman, with their Mission Extension Vehicle (MEV), and Astroscale, with their End-of-Life Services by Astroscale (ELSA) missions, are at the forefront of in-orbit satellite servicing. These missions require sophisticated propulsion systems to approach and dock with client satellites, manage proximity operations, and perform orbital adjustments. In-orbit servicing provides various advantages, including the extension of satellite lifespans, the ability to adapt to changing mission requirements, and the potential to remove defunct or non-operational satellites from orbit to reduce space debris. This trend is driven by the increased recognition of the economic and environmental benefits of servicing satellites rather than replacing them with entirely new ones. As satellite operators seek to maximize their investments and address sustainability concerns, in-orbit servicing is expected to gain even more prominence in the market.

On-Orbit Manufacturing and Assembly

The concept of on-orbit manufacturing and assembly is transforming the Satellite Propulsion System Market. This trend is motivated by the desire to build and deploy large, complex structures and spacecraft in space, rather than launching them as a single, monolithic payload. On-orbit manufacturing and assembly offer significant advantages in terms of cost, flexibility, and the ability to create highly specialized and adaptable structures. Propulsion systems play a vital role in on-orbit manufacturing and assembly missions by enabling the maneuvering, docking, and integration of various components and modules. These systems are essential for assembling large structures, such as space telescopes, antennas, habitats, and spacecraft, which may consist of multiple individual components. Companies like Made In Space and Tethers Unlimited are pioneering on-orbit manufacturing and assembly technologies, including robotic arms, 3D printing capabilities, and assembly mechanisms. These technologies allow for the construction and deployment of structures and spacecraft in space, without the need for massive and expensive launch vehicles. The trend toward on-orbit manufacturing and assembly is closely linked to space exploration and infrastructure development, including the construction of space habitats for lunar or Martian missions. The ability to assemble structures in space using on-demand manufacturing processes significantly reduces launch costs, while providing greater flexibility and adaptability for future missions. As this trend advances, propulsion systems will continue to be a crucial component in achieving the precise and complex maneuvers required for on-orbit assembly.

Increased Demand for On-Orbit Satellite Inspection and Maintenance

The demand for on-orbit satellite inspection and maintenance is a growing trend in the Satellite Propulsion System Market. Satellites in orbit are subjected to various challenges, including micrometeoroid impacts, radiation, and wear and tear over time. As a result, there is a need for regular inspections and maintenance to ensure the continued functionality and longevity of satellite assets. On-orbit satellite inspection and maintenance missions require propulsion systems for satellite approach, station-keeping, and the execution of maintenance tasks. These systems allow inspection and maintenance spacecraft to approach and dock with target satellites, conduct inspections, and perform necessary repairs or component replacements. Companies like MDA and Northrop Grumman are developing robotic servicing spacecraft capable of performing satellite inspection and maintenance tasks. These missions are particularly important for geostationary communication satellites, which are valuable assets and costly to replace. The trend towards on-orbit satellite inspection and maintenance is driven by the economic benefits of extending the operational life of expensive satellites, minimizing mission downtime, and reducing the risk of satellite failures.

Segmental Insights

System Type Analysis

Monopropellant propulsion systems are emerging as the fastest-growing segment in the satellite propulsion system market due to their unique advantages and suitability for a wide range of applications. Monopropellant systems use a single chemical propellant, such as hydrazine, which decomposes to produce thrust when catalyzed. This simplicity in design and operation offers significant benefits, particularly for small satellites and CubeSats, which are becoming increasingly prevalent in space missions.

One of the key drivers behind the growth of monopropellant systems is their efficiency and reliability. These systems are relatively straightforward to design and manufacture, resulting in lower costs compared to more complex bipropellant or electric propulsion systems. Their ease of use makes them ideal for missions requiring precise maneuvering, orbit maintenance, and attitude control. The reliability of monopropellant systems is crucial for ensuring the success of satellite missions, especially for commercial applications where cost-effectiveness and dependability are paramount.

The versatility of monopropellant systems is another factor contributing to their rapid adoption. They can be used in a variety of satellite types and mission profiles, from low Earth orbit (LEO) to geostationary orbit (GEO) and beyond. This flexibility makes them a preferred choice for satellite manufacturers and operators seeking a propulsion solution that can be adapted to different mission requirements. Additionally, the growing trend of satellite constellations for communications, Earth observation, and other purposes has increased the demand for reliable and efficient propulsion systems, further boosting the market for monopropellants.

Advancements in monopropellant technology are enhancing their performance and safety. Innovations such as green propellants, which are less toxic and more environmentally friendly than traditional hydrazine, are making monopropellant systems more attractive. These advancements are not only improving the operational efficiency of satellites but also addressing environmental and regulatory concerns, making monopropellant systems a sustainable choice for the future of satellite propulsion.

 

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Regional Insights

North America is the dominant market in the satellite propulsion system industry, driven by several key factors that underscore its leadership position. A primary reason is the region's advanced technological infrastructure and significant investments in space exploration and satellite technology. The presence of established space agencies like NASA, alongside private sector giants such as SpaceX, Blue Origin, and Northrop Grumman, fosters a robust ecosystem for innovation and development in satellite propulsion systems. These entities are at the forefront of pioneering new propulsion technologies, which enhances the region's competitive edge.

The United States, in particular, has been a trailblazer in space exploration and satellite deployment. The substantial government funding allocated to space programs, including initiatives like the Artemis lunar exploration campaign, ensures continuous advancement in propulsion technologies. Furthermore, the Department of Defense and other government bodies invest heavily in satellite technology for national security, communication, and surveillance purposes. This strong governmental support creates a thriving environment for the growth and development of the satellite propulsion system market.

North America's market dominance is reinforced by a highly skilled workforce and a network of top-tier research institutions and universities. These institutions collaborate with industry players to drive innovation and develop cutting-edge technologies in satellite propulsion. The region also benefits from a favorable regulatory environment that supports space ventures and encourages private-public partnerships. This regulatory framework provides clear guidelines and support for companies developing and deploying satellite technologies, ensuring the region remains a leader in the global market.The commercial sector in North America plays a pivotal role in market dominance. Companies are actively engaged in launching satellite constellations for diverse applications, including communications, Earth observation, and scientific research. The commercialization of space, spurred by ventures like SpaceX’s Starlink, significantly boosts the demand for advanced propulsion systems, cementing North America's position as the leading market for satellite propulsion systems.

Recent Developments

  • In December 2023, Pale Blue Inc. collaborated with TOKYO KEIKI Inc. to develop a prototype model of a satellite propulsion system. Pale Blue signed an individual contract with TOKYO KEIKI and began working together to manufacture and assemble the subsystems for the prototype mass-production model of their propulsion system. This collaboration is part of the Deep Tech Startups (DTSU) support program’s DMP phase (Demonstration development for Mass Production), backed by NEDO, Japan’s national research and development agency.
  • In November 2023, NASA shared additional details about its experimental Advanced Electric Propulsion System (AEPS), which is being developed for the 2025 Gateway mission. NASA and its partner Aerojet-Rocketdyne noted that further testing was necessary for this innovative propulsion system. Despite the ongoing tests, they reported that the AEPS, which is nearly three times more powerful than current Hall thrusters, was anticipated to be ready for the 2025 launch.
  • In March 2023, Neumann Space successfully integrated its Neumann Drive propulsion system into Skykraft's Australian-designed and manufactured satellite. Known for its expertise in in-space electric propulsion, Neumann Space achieved this milestone, showcasing its world-leading technology now incorporated into Skykraft's satellite.

Key Market Players

  • Dawn Aerospace Limited
  • Safran S.A.
  • Northrop Grumman Corporation 
  • MT Aerospace AG
  • Moog Inc.
  • Rafael Advanced Defense Systems Ltd
  • IHI Corporation
  • CU Aerospace
  • ArianeGroup GmbH
  • Exotrail

By System Type

By Propulsion Type

By Region
  • Monopropellant
  • Bipropellant
  • Pneumatic/Hybrid Systems
  • Cold Gas
  • Pulsed Plasma
  • Green Liquid
  • Water Electrolysed
  • Others
  • North America
  • Europe & CIS
  • Asia-Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Satellite Propulsion System Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Satellite Propulsion System Market, By System Type:

o   Monopropellant

o   Bipropellant

o   Pneumatic/Hybrid Systems

  • Satellite Propulsion System Market, By Propulsion Type:

o   Cold Gas

o   Pulsed Plasma

o   Green Liquid

o   Water Electrolysed

o   Others

  • Satellite Propulsion System Market, By Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   North America

§  United States

§  Canada

§  Mexico

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Turkey

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Satellite Propulsion System Market.

Available Customizations:

Global Satellite Propulsion System market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

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

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Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Satellite Propulsion System Market

5.    Global Satellite Propulsion System Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By System Type Market Share Analysis (Monopropellant, bipropellant, Pneumatic/Hybrid Systems)

5.2.2.    By Propulsion Type Market Share Analysis (Cold Gas, Pulsed Plasma, Green Liquid, Water Electrolysed, Others)

5.2.3.    By Regional Market Share Analysis

5.2.3.1.        Asia-Pacific Market Share Analysis

5.2.3.2.        Europe & CIS Market Share Analysis

5.2.3.3.        North America Market Share Analysis

5.2.3.4.        South America Market Share Analysis

5.2.3.5.        Middle East & Africa Market Share Analysis

5.2.4.    By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2023)

5.3.  Global Satellite Propulsion System Market Mapping & Opportunity Assessment

5.3.1.    By System Type Market Mapping & Opportunity Assessment

5.3.2.    By Propulsion Type Market Mapping & Opportunity Assessment

5.3.3.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Satellite Propulsion System Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value  

6.2.  Market Share & Forecast

6.2.1.    By System Type Market Share Analysis

6.2.2.    By Propulsion Type Market Share Analysis

6.2.3.    By Country Market Share Analysis

6.2.3.1.        China Market Share Analysis

6.2.3.2.        India Market Share Analysis

6.2.3.3.        Japan Market Share Analysis

6.2.3.4.        Indonesia Market Share Analysis

6.2.3.5.        Thailand Market Share Analysis

6.2.3.6.        South Korea Market Share Analysis

6.2.3.7.        Australia Market Share Analysis

6.2.3.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Satellite Propulsion System Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value  

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By System Type Market Share Analysis

6.3.1.2.2.           By Propulsion Type Market Share Analysis

6.3.2.    India Satellite Propulsion System Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value  

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By System Type Market Share Analysis

6.3.2.2.2.           By Propulsion Type Market Share Analysis

6.3.3.    Japan Satellite Propulsion System Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value  

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By System Type Market Share Analysis

6.3.3.2.2.           By Propulsion Type Market Share Analysis

6.3.4.    Indonesia Satellite Propulsion System Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value  

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By System Type Market Share Analysis

6.3.4.2.2.           By Propulsion Type Market Share Analysis

6.3.5.    Thailand Satellite Propulsion System Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value  

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By System Type Market Share Analysis

6.3.5.2.2.           By Propulsion Type Market Share Analysis

6.3.6.    South Korea Satellite Propulsion System Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Value  

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By System Type Market Share Analysis

6.3.6.2.2.           By Propulsion Type Market Share Analysis

6.3.7.    Australia Satellite Propulsion System Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Value  

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By System Type Market Share Analysis

6.3.7.2.2.           By Propulsion Type Market Share Analysis

7.    Europe & CIS Satellite Propulsion System Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value  

7.2.  Market Share & Forecast

7.2.1.    By System Type Market Share Analysis

7.2.2.    By Propulsion Type Market Share Analysis

7.2.3.    By Country Market Share Analysis

7.2.3.1.        Germany Market Share Analysis

7.2.3.2.        Spain Market Share Analysis

7.2.3.3.        France Market Share Analysis

7.2.3.4.        Russia Market Share Analysis

7.2.3.5.        Italy Market Share Analysis

7.2.3.6.        United Kingdom Market Share Analysis

7.2.3.7.        Belgium Market Share Analysis

7.2.3.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Satellite Propulsion System Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value  

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By System Type Market Share Analysis

7.3.1.2.2.           By Propulsion Type Market Share Analysis

7.3.2.    Spain Satellite Propulsion System Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value  

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By System Type Market Share Analysis

7.3.2.2.2.           By Propulsion Type Market Share Analysis

7.3.3.    France Satellite Propulsion System Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value  

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By System Type Market Share Analysis

7.3.3.2.2.           By Propulsion Type Market Share Analysis

7.3.4.    Russia Satellite Propulsion System Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value  

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By System Type Market Share Analysis

7.3.4.2.2.           By Propulsion Type Market Share Analysis

7.3.5.    Italy Satellite Propulsion System Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value  

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By System Type Market Share Analysis

7.3.5.2.2.           By Propulsion Type Market Share Analysis

7.3.6.    United Kingdom Satellite Propulsion System Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Value  

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By System Type Market Share Analysis

7.3.6.2.2.           By Propulsion Type Market Share Analysis

7.3.7.    Belgium Satellite Propulsion System Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.           By Value  

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.           By System Type Market Share Analysis

7.3.7.2.2.           By Propulsion Type Market Share Analysis

8.    North America Satellite Propulsion System Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value  

8.2.  Market Share & Forecast

8.2.1.    By System Type Market Share Analysis

8.2.2.    By Propulsion Type Market Share Analysis

8.2.3.    By Country Market Share Analysis

8.2.3.1.        United States Market Share Analysis

8.2.3.2.        Mexico Market Share Analysis

8.2.3.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Satellite Propulsion System Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value  

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By System Type Market Share Analysis

8.3.1.2.2.           By Propulsion Type Market Share Analysis

8.3.2.    Mexico Satellite Propulsion System Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value  

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By System Type Market Share Analysis

8.3.2.2.2.           By Propulsion Type Market Share Analysis

8.3.3.    Canada Satellite Propulsion System Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value  

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By System Type Market Share Analysis

8.3.3.2.2.           By Propulsion Type Market Share Analysis

9.    South America Satellite Propulsion System Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value  

9.2.  Market Share & Forecast

9.2.1.    By System Type Market Share Analysis

9.2.2.    By Propulsion Type Market Share Analysis

9.2.3.    By Country Market Share Analysis

9.2.3.1.        Brazil Market Share Analysis

9.2.3.2.        Argentina Market Share Analysis

9.2.3.3.        Colombia Market Share Analysis

9.2.3.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Satellite Propulsion System Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value  

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By System Type Market Share Analysis

9.3.1.2.2.           By Propulsion Type Market Share Analysis

9.3.2.    Colombia Satellite Propulsion System Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value  

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By System Type Market Share Analysis

9.3.2.2.2.           By Propulsion Type Market Share Analysis

9.3.3.    Argentina Satellite Propulsion System Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value  

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By System Type Market Share Analysis

9.3.3.2.2.           By Propulsion Type Market Share Analysis

10. Middle East & Africa Satellite Propulsion System Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value   

10.2.            Market Share & Forecast

10.2.1. By System Type Market Share Analysis

10.2.2. By Propulsion Type Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1.     South Africa Market Share Analysis

10.2.3.2.     Turkey Market Share Analysis

10.2.3.3.     Saudi Arabia Market Share Analysis

10.2.3.4.     UAE Market Share Analysis

10.2.3.5.     Rest of Middle East & Africa Market Share Analysis

10.3.            Middle East & Africa: Country Analysis

10.3.1. South Africa Satellite Propulsion System Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value  

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By System Type Market Share Analysis

10.3.1.2.2.         By Propulsion Type Market Share Analysis

10.3.2. Turkey Satellite Propulsion System Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value  

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By System Type Market Share Analysis

10.3.2.2.2.         By Propulsion Type Market Share Analysis

10.3.3. Saudi Arabia Satellite Propulsion System Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value  

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By System Type Market Share Analysis

10.3.3.2.2.         By Propulsion Type Market Share Analysis

10.3.4. UAE Satellite Propulsion System Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value  

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By System Type Market Share Analysis

10.3.4.2.2.         By Propulsion Type Market Share Analysis

11. SWOT Analysis

11.1.            Strength

11.2.            Weakness

11.3.            Opportunities

11.4.            Threats

12. Market Dynamics

12.1.            Market Drivers

12.2.            Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1.            Company Profiles (Up to 10 Major Companies)

14.1.1. 1. Dawn Aerospace Limited

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. 2. Safran S.A.

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. Northrop Grumman Corporation

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. 4. MT Aerospace AG

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. Moog Inc.

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. Rafael Advanced Defense Systems Ltd

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. IHI Corporation

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. CU Aerospace.

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9. ArianeGroup GmbH.

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.              Exotrail

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15. Strategic Recommendations

15.1.            Key Focus Areas

15.1.1. Target Regions

15.1.2. Target System Type

15.1.3. Target Propulsion Type  

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Satellite Propulsion System Market was estimated to be USD 2.44 billion in 2023.

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Monopropellant systems are rapidly growing in the satellite propulsion market due to their simplicity, cost-effectiveness, and reliability. They are ideal for small satellites and CubeSats, offering precise maneuvering and lower operational costs. Advancements in green propellants enhance performance and safety, further driving their adoption.

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Due to the existence of several significant participants in the satellite sector, including as SpaceX, Northrop Grumman, Boeing, and Lockheed Martin, all of whom are involved in the development of advanced propulsion systems, North America controlled the market share of satellite propulsion systems in 2023. the rising need for satellite services, especially in the domains of navigation, earth observation, and telecommunications. Furthermore, the United Launch Alliance and NASA, two major aerospace companies based in the region, are contributing to the market expansion for satellite propulsion. With a large number of satellite launches and missions scheduled for the region, North America is anticipated to be a major market for satellite propulsion systems in the years to come.

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Key drivers of the Global Satellite Propulsion System Market include the rise of small satellites and mega-constellations, growing investments in space exploration and scientific missions, and the expansion of the commercial space industry and satellite servicing.

Related Reports

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Srishti Verma

Business Consultant
Press Release

Satellite Propulsion System Market to Grow with a CAGR of 6.44% Globally through 2029

Jul, 2024

Proliferation of Small Satellites and Mega-Constellations, Increased Investment in Space Exploration and Science Missions, and Commercial Space Industry Growth and Satellite Servicing are factors dri

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