Satellite Propulsion System Market Size, Share & Trends Analysis Report By Platform (Large Satellites, Nano Satellites, CubeSats), By Propulsion (Chemical, Non-chemical), By Component (Thrusters, Rocket Motors), By End-use, By Region, And Segment Forecast

Satellite Propulsion System Market Size, Share & Trends Analysis Report By Platform (Large Satellites, Nano Satellites, CubeSats), By Propulsion (Chemical, Non-chemical), By Component (Thrusters, Rocket Motors), By End-use, By Region, And Segment Forecasts, 2025 - 2030

Satellite Propulsion System Market Trends

The global satellite propulsion system market size was estimated at USD 11.05 billion in 2024 and is projected to grow at a CAGR of 13.6% from 2025 to 2030. The increasing number of space missions for commercial, government, and scientific purposes is primarily driving the demand for satellite propulsion systems, fueling the market growth. Moreover, growing interest in space exploration and the development of satellite constellations is further contributing to market expansion. In addition, rising demand for in-orbit servicing and debris mitigation missions, which necessitate advanced satellite propulsion systems, is positively influencing the market scenario.

Advancements in propulsion technologies, such as electric propulsion, are enabling more efficient and cost-effective satellite operations. For instance, in April 2024, NASA launched an electric propulsion system designed for small spacecraft to support planetary missions and extend the operational life of existing satellites. This solution forms part of the agency's initiative of commercializing technology, allowing it to procure this critical technology from industry partners for future missions. Such developments are expected to create significant growth opportunities for the satellite propulsion system industry.

Technological advancements, including breakthroughs in materials science, electronics, and propulsion physics, are further accelerating the industry growth, facilitating the development of more efficient, reliable, and versatile propulsion systems. Moreover, the advent of 3D printing and additive manufacturing is transforming the production of propulsion components, resulting in lighter, more complex, and cost-effective designs. These developments are expanding the possibilities for satellite missions, stimulating the demand for advanced satellite propulsion systems.

The growth of the satellite propulsion system industry is further driven by the increasing public-private partnerships for space exploration initiatives. For instance, in June 2023, NASA announced to partner with seven U.S. companies to cater to future government and commercial needs, favoring human spaceflight and commercialization of low Earth orbit to support the U.S. economy. This development comes as a part of the second Collaborations for Commercial Space Capabilities-2 (CCSC-2) initiative, aimed at advancing commercial space exploration activities through NASA's technical expertise, assessments, data, and technologies.

Global Satellite Propulsion System Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest technology trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global satellite propulsion system market report based on platform, propulsion, component, end-use, and region:

• Platform Outlook (Revenue, USD Million, 2018 - 2030)
• Large Satellites
• Medium-Sized Satellites
• Nano Satellites
• CubeSats
• Propulsion Outlook (Revenue, USD Million, 2018 - 2030)
• Chemical
• Non-Chemical
• Component Outlook (Revenue, USD Million, 2018 - 2030)
• Thrusters
• Propellant Feed Systems
• Nozzles
• Rocket Motors
• Others
• End User Outlook (Revenue, USD Million, 2018 - 2030)
• Government
• Commercial
• Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• South Korea
• Australia
• Rest of Asia Pacific
• Latin America
• Brazil
• Rest of Latin America
• Middle East and Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• rest of MEA

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