Satellite Propulsion System Market Research Report - Forecast till 2030

Satellite Propulsion System Market Research Report: Information by Propulsion Type (Cold Gas Propulsion, Pulsed Plasma Thrusters, Green Liquid Propulsion, Water Electrolyzed, Hydrazine, Micro Electrospray Propulsion, Iodine Hall Propulsion, Solar Sail Propulsion, and Ambipolar Thruster) and by Region (North America, Europe, Asia-Pacific, and the Rest of the World)-Forecast till 2030

ID: MRFR/A&D/3188-HCR | | Region: Global | 100 Pages         

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Satellite Propulsion System Market Overview

The satellite propulsion system market is expected to gain a market value of USD 8.4 billion by 2030 at a CAGR of 22 % from 2022-2030.

Spacecraft propulsion helps to change the velocity of spacecraft and artificial satellites. In-space propulsion deals with systems that can operate in a vacuum, while space launch and atmospheric entry deal with the environment.

The primary factor influencing the satellite propulsion system market is the rising number of assignments for space exploration. Technological developments in space propulsion are driving the growth of the space propulsion system market. However, issues related to strict government policies may hamper the growth of the space propulsion system market. Furthermore, as the newest project initiatives include expansions, this is further anticipated to likely create market opportunities for the space propulsion system market during the forecast period. For instance, In June 2022, NASA and the European Space Agency (ESA) partnered to launch a pathfinder data relay satellite. This satellite will provide much-needed support for missions on the polar regions and the far side of the moon. The ESA's satellite has been launched by a United States commercial rocket launch system that increases our technological capabilities in the Artemis lunar program. Recently, several young startup companies have also successfully developed viable rockets and propulsion systems, further driving the market demand.

COVID-19 Analysis

During COVID-19, the satellite propulsion system industry experienced a massive loss due to the lockdown and social distancing norms. This caused many investors to leave and major disruption of their supply chains in the market.

However, with new strategies in the works, the satellite propulsion system market is expected to grow in the upcoming years.

 Market Overview 

  • Major Drivers of the Market

The global Satellite Propulsion System Market is driving market growth due to developing reusable space launch vehicles and low-cost satellites. The domain of satellite systems has received another cost-effective and successful way to a makeover with the help of reusable launch vehicles and the usage of a new generation.As per the Satellite Propulsion System Market Forecast report, the European Space Agency (ESA) has recently declared a high investment of approximately USD 33 million for the HET (Hall Effect Thruster) propulsion technology. Hence, this can be the major driving factor for the global market.

  • Opportunities of the global market

The global Satellite Propulsion System Market can bring lucrative opportunities for the key players and manufacturers due to the governments' rising investments in space technology. For instance, the American government focuses on the upstream and downstream investment and in every part of the smallsat ecosystem, bringing more opportunities for the Satellite Propulsion System Market Trends.

  • Market Restraints

Both international and national governmental policies indirectly or directly influence the evolution of the industry and the small satellite ecosystem. This can be the major restraint of this market. Hence, the manufacturers are adopting various strategies to boost up the growth of the global market in the research timeframe. 

  • Market Growth challenges

Whenever the space launches, it burns the solid rocket fuels, which creates a hefty carbon footprint. Reducing emissions due to space missions can be a major challenge for the Satellite Propulsion System Market. Moreover, the COVID-19 pandemic can be another major challenge for the global Satellite Propulsion System Market.

  • Cumulative growth Analysis

Since the late 1960s, bi-propellant propulsion systems have been used for orbit corrections and satellite injections. The growing popularity of bipropellant propulsion systems is because of their increased payload capability and higher specific impulses to the traditional monopropellant or solid systems. This significant growth of the segment can bring more opportunities and scope to the Satellite Propulsion System Industry.According to the Satellite Propulsion System Market Analysis Report, a region like North America is showing regional market growth due to the biggest satellite organizations. This can propel the growth of the global market. Market Segment Overview

  • By propulsion type:¬†

In terms of propulsion type segment, this market has been segregated into pulsed plasma thrusters, cold gas propulsion, ambipolar thruster, water electrolyzed, green liquid propulsion, micro electrospray propulsion, hydrazine, solar sail propulsion, iodine hall propulsion.      Among these segments, the ambipolar thruster segment is accounted to dominate the Satellite Propulsion SystemMarket Size for 2018. Further, this segment is projected to meet the higher market growth for 2019 to 2025. 

  • By System Type:

In terms of system type segment, this market is divided into the pneumatic propulsion system, monopropellant propulsion system, bipropellant propulsion system, and others. In2019, the bipropellant segment is registered to acquire the largest Satellite Propulsion System Market Size. Further, this segment is projected to meet the higher CAGR for the research period. 

  • By Applications:

In terms of the application segment, the Satellite Propulsion System Market has been classified into technology experiment satellite, applications satellite, and science satellite. Among these segments, the applications satellite segment is registered to acquire the largest Satellite Propulsion System Market Share for 2019 and is estimated to generate a higher CAGR during the assessment period. In 2019, the second-largest market was the science satellite and was predicted to enhance the CAGR size in the upcoming years. Regional AnalysisThe global Satellite Propulsion System Market is geographically divided into different geographical locations such as Europe, Asia-Pacific, North America, and other countries. In 2018, the North American market was projected to account for the significant Satellite Propulsion System Market Share. Further, this region is estimated to generate the highest CAGR for the research timeframe. This region is driving the market growth due to prominent space organizations like NASA (National Aeronautics and Space Administration). This region also has the presence of leading satellite propulsion system providers likeAerojetRocketdyneand Boeing, which is propelling the growth of the regional market. Completive Landscape AnalysisThe present Satellite Propulsion System Market Outlook report explains that the global market has highly competitive market players across the globe. These market players are:

  • Airbus SAS (Netherlands),¬†

  • Aerojet Rocketdyne (US),¬†

  • Boeing (US),¬†

  • Busek Co. Inc. (US),

  • Mitsubishi Electric Corporation (Japan),

  • Northrop Grumman Corporation (US),¬†

  • ENPULSION GmbH (Austria),

  • Bellatrix Aerospace Private Limited (India),

  • OHB System AG (Germany),

  • MOOG INC. (US),

  • Cobham plc (UK),

  • CU Aerospace (US),


  • Safran S.A. (France),¬†

  • Exotrail SA (France).

The market mentioned above leaders plays an essential role in boosting the Satellite Propulsion System Market Revenue for the forecast period. These players are applying various strategies and promotional ideas to build up the growth of the global market. 

Recent Developments

  • In September 2022, Airbus signed contracts with the Ministries of Defence of the Czech Republic and the Netherlands to provide satellite communications. The armed forces will utilize 2 or 3 channels of Airbus UHF(Ultra High Frequency) military communications hosted payload onboard the EUTELSAT 36D telecommunications satellite scheduled for launch in 2024.

  • In June 2020, Cobham Mission Systems acknowledged that it had succeeded entirely in the space satellite industry. It has qualified for the high-flow electric propulsion Xenon regulator and lightweight testing.

  • In May 2020, Aerojet Rocketdyne delivered the dual chemical and electric propulsion systems to Johns Hopkins Applied Physics Laboratory (APL). The complex was developed for NASA's Double Asteroid Redirection Test (DART).

Report OverviewThe Satellite Propulsion System Market Outlook report has included the primary and secondary research methodology to collect the global market information. This report included interviewing the industry stakeholders such as the marketing executives, market dealers, CEOs, directors, and VPs to collect the primary information associated with the industry. Moreover, secondary sources like company websites, corporate presentations, annual reports, journals, paid databases, government associations, SEC filings, white papers, and aerospace & defense magazines are involved in the report to briefly analyze the current position of the global market.This report has highlighted market segments, regional analysis, recent developments, and competitive analysis to get insight into the global market and regional performance. The Satellite Propulsion System Market Analysis explains that significant growth has been witnessed in the present scenario. Though the global market has been affected by the ongoing pandemic, it is predicted to generate a higher market share in the upcoming years.  Segmental Table:By propulsion type:

  • pulsed plasma thrusters,¬†

  • cold gas propulsion,¬†

  • ambipolar thruster,¬†

  • water electrolyzed,¬†

  • green liquid propulsion,¬†

  • micro electrospray propulsion,¬†

  • hydrazine,¬†

  • solar sail propulsion,¬†

  • iodine hall propulsion¬†

By System Type:

  • the pneumatic propulsion system,¬†

  • the monopropellant propulsion system,¬†

  • bipropellant propulsion system,¬†

  • others

By Applications:

  • technology experiment satellite,¬†

  • applications satellite,¬†

  • science satellite

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Frequently Asked Questions (FAQ) :

Satellite Propulsion System Market Size is expected to reach USD 8.4 Billion by 2030, registering a CAGR of 22 % during 2020-2030.

Top Investors : Airbus SAS (Netherlands), ,Aerojet Rocketdyne (US), ,Boeing (US), ,Busek Co. Inc. (US),,Mitsubishi Electric Corporation (Japan),,Northrop Grumman Corporation (US), ,ENPULSION GmbH (Austria),,Bellatrix Aerospace Private Limited (India),,OHB System AG (Germany),,MOOG INC. (US),,Cobham plc (UK),,CU Aerospace (US),,BALL CORPORATION (US), ,Safran S.A. (France), ,Exotrail SA (France).

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