Satellite Propulsion System Market Size, Share, Trends, Industry Analysis Report: By Propulsion (Chemical and Non Chemical), Platform, Component, End Users, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market

The global satellite propulsion system market size is expected treach USD 31.04 billion by 2034, according ta new study by Polaris Market Research. The report “Satellite Propulsion System Market Size, Share, Trends, Industry Analysis Report: By Propulsion (Chemical and Non Chemical), Platform, Component, End Users, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Satellite propulsion systems are technologies that offer propulsion and guidance for satellites and spacecraft in space. They are used tmaintain orbits, maneuver, and adjust the position of satellites. Electric propulsion, chemical propulsion, and hybrid propulsion are among the main types of satellite propulsion systems.

The rising adoption of CubeSats for commercial applications, driven by their low cost and lightweight design, fuels the satellite propulsion system market growth. The growing use of satellites in the defense sector is alssupporting the development of the market. The increasing deployment of small satellites for applications such as earth observation, remote sensing, and technology deployment further fuels the adoption of satellite propulsion systems.

The increasing shift toward long range missiles and rising military expenditures worldwide are anticipated tdrive the satellite propulsion market expansion in the coming years. Growth in space expeditions and continuous technological advancements in propulsion systems are projected tprovide lucrative opportunities for market participants worldwide.

Key Highlights of Satellite Propulsion System Market Report

Based on platform, the medium-sized satellites segment led the satellite propulsion system market share in 2024, owing ttheir advantages such as lower costs, shorter production cycles, and easier maneuverability as compared tconventional satellites.

Based on component, the propellant feed systems segment is anticipated twitness the highest CAGR during the forecast period. This is primarily attributed tthe rising space complexity and the demand for higher-performance missions requiring precise propellant management.

North America led the satellite propulsion system market with a revenue share of 54% in 2024. The regional market growth is primarily fueled by the rising applications of small satellites, growing advancements in propulsion systems, and substantial government funding for space research and exploration.

The Asia Pacific satellite propulsion system market is anticipated twitness a significant CAGR of 14.9% from 2025 t2034. The demand for satellite propulsion systems in the region is propelled by the increased need for earth observation and communication satellites, rise of private space companies, and the demand for better internet connectivity.

ArianeGroup; Busek Co. Inc.; Airbus SE; OHB SE; Blue Origin LLC; Thales Group; ENPULSION GmbH; Northrop Grumman; Orbion Space Technology; Moog Inc.; Sierra Nevada Corporation; L3Harris Technologies, Inc.; VACCO Industries Inc.; Safran Group; and Lockheed Martin Corporation are a few of the key players in the market.

Polaris Market Research has segmented the satellite propulsion system market research report on the basis of propulsion, platform, component, end users, and region:

By Propulsion Outlook (Revenue – USD Billion, 2020–2034)

Chemical

Non Chemical

By Platform Outlook (Revenue – USD Billion, 2020–2034)

CubeSats

NanSatellites

Medium-Sized Satellites

Large Satellites

By Component Outlook (Revenue – USD Billion, 2020–2034)

Propellant Feed Systems

Thrusters

Rocket Motors

Nozzles

Others

By End Users Outlook (Revenue – USD Billion, 2020–2034)

Government

Commercial

By Regional Outlook (Revenue – USD Billion, 2020–2034)

North America

US

Canada

Europe

Germany

France

UK

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Mexico

Brazil

Argentina

Rest of Latin America