PUBLISHER: Grand View Research | PRODUCT CODE: 1553443
PUBLISHER: Grand View Research | PRODUCT CODE: 1553443
Satellite Propulsion System Market Size, Share & Trends Analysis Report By Platform, By Propulsion (Chemical, Non-Chemical), By Component, By End User, By Region, And Segment Forecasts, 2024 - 2030
Satellite Propulsion System Market Trends
The global satellite propulsion system market size was estimated at USD 9.27 billion in 2023 and is expected to grow at a CAGR of 13.2% from 2024 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 market.
Technological advancements, including breakthroughs in materials science, electronics, and propulsion physics, are further accelerating the market 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 market 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 and estimates revenue growth at the global, regional, and country levels along with analyzes the latest market trends and opportunities in each one of the sub-segments from 2018 to 2030. For this study, Grand View Research has further segmented the global satellite propulsion system market report based on platform, propulsion, component, end user, 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
- Asia Pacific
- Japan
- China
- India
- South Korea
- Australia
- Latin America
- Brazil
- Middle East and Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. 4 Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Satellite Propulsion System Market Snapshot
- 2.2. Satellite Propulsion System Market- Segment Snapshot (1/2)
- 2.3. Satellite Propulsion System Market- Segment Snapshot (2/2)
- 2.4. Satellite Propulsion System Market- Competitive Landscape Snapshot
Chapter 3. Satellite Propulsion System Market - Industry Outlook
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity
- 3.3.4. Market Challenges
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's analysis
- 3.4.2. Macroeconomic analysis
Chapter 4. Satellite Propulsion System Market: Platform Estimates & Trend Analysis
- 4.1. Platform Movement Analysis & Market Share, 2023 & 2030
- 4.2. Satellite Propulsion System Market Estimates & Forecast, By Platform (USD Million)
- 4.2.1. Large Satellites
- 4.2.2. Medium-Sized Satellites
- 4.2.3. Nano Satellites
- 4.2.4. CubeSats
Chapter 5. Satellite Propulsion System Market: Propulsion Estimates & Trend Analysis
- 5.1. Propulsion Movement Analysis & Market Share, 2023 & 2030
- 5.2. Satellite Propulsion System Market Estimates & Forecast, By Propulsion (USD Million)
- 5.2.1. Chemical
- 5.2.2. Non-Chemical
Chapter 6. Satellite Propulsion System Market: Component Estimates & Trend Analysis
- 6.1. Component Movement Analysis & Market Share, 2023 & 2030
- 6.2. Satellite Propulsion System Market Estimates & Forecast, By Component (USD Million)
- 6.2.1. Thrusters
- 6.2.2. Propellant Feed Systems
- 6.2.3. Nozzles
- 6.2.4. Rocket Motors
- 6.2.5. Others
Chapter 7. Satellite Propulsion System Market: End User Estimates & Trend Analysis
- 7.1. End User Movement Analysis & Market Share, 2023 & 2030
- 7.2. Satellite Propulsion System Market Estimates & Forecast, By End User (USD Million)
- 7.2.1. Government
- 7.2.2. Commercial
Chapter 8. Regional Estimates & Trend Analysis
- 8.1. Satellite Propulsion System Market by Region, 2023 & 2030
- 8.2. North America
- 8.2.1. North America Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.3. Canada
- 8.2.4. Mexico
- 8.3. Europe
- 8.3.1. Europe Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. Germany
- 8.3.3. UK
- 8.3.4. France
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. Japan
- 8.4.3. China
- 8.4.4. India
- 8.4.5. South Korea
- 8.4.6. Australia
- 8.5. Latin America
- 8.5.1. Latin America Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.6. Middle East & Africa (MEA)
- 8.6.1. MEA Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. UAE
- 8.6.3. Saudi Arabia
- 8.6.4. South Africa
Chapter 9. Satellite Propulsion System Market - Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Market Share Analysis, 2023
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
- 9.8.1. Expansion
- 9.8.2. Merger & Acquisition
- 9.8.3. Collaborations/Partnerships
- 9.8.4. New Product Launches
- 9.9. Company Profiles
- 9.9.1. Airbus
- 9.9.1.1. Participant's Overview
- 9.9.1.2. Financial Performance
- 9.9.1.3. Product Benchmarking
- 9.9.1.4. Recent Developments
- 9.9.2. OHB SE
- 9.9.2.1. Participant's Overview
- 9.9.2.2. Financial Performance
- 9.9.2.3. Product Benchmarking
- 9.9.2.4. Recent Developments
- 9.9.3. ArianeGroup
- 9.9.3.1. Participant's Overview
- 9.9.3.2. Financial Performance
- 9.9.3.3. Product Benchmarking
- 9.9.3.4. Recent Developments
- 9.9.4. Busek, Co. Inc.
- 9.9.4.1. Participant's Overview
- 9.9.4.2. Financial Performance
- 9.9.4.3. Product Benchmarking
- 9.9.4.4. Recent Developments
- 9.9.5. Blue Origin LLC
- 9.9.5.1. Participant's Overview
- 9.9.5.2. Financial Performance
- 9.9.5.3. Product Benchmarking
- 9.9.5.4. Recent Developments
- 9.9.6. Cobham Limited
- 9.9.6.1. Participant's Overview
- 9.9.6.2. Financial Performance
- 9.9.6.3. Product Benchmarking
- 9.9.6.4. Recent Developments
- 9.9.7. ENPULSION GmbH
- 9.9.7.1. Participant's Overview
- 9.9.7.2. Financial Performance
- 9.9.7.3. Product Benchmarking
- 9.9.7.4. Recent Developments
- 9.9.8. Moog Inc.
- 9.9.8.1. Participant's Overview
- 9.9.8.2. Financial Performance
- 9.9.8.3. Product Benchmarking
- 9.9.8.4. Recent Developments
- 9.9.9. Sierra Nevada Corporation
- 9.9.9.1. Participant's Overview
- 9.9.9.2. Financial Performance
- 9.9.9.3. Product Benchmarking
- 9.9.9.4. Recent Developments
- 9.9.10. Northrop Grumman
- 9.9.10.1. Participant's Overview
- 9.9.10.2. Financial Performance
- 9.9.10.3. Product Benchmarking
- 9.9.10.4. Recent Developments
- 9.9.11. Orbion Space Technology
- 9.9.11.1. Participant's Overview
- 9.9.11.2. Financial Performance
- 9.9.11.3. Product Benchmarking
- 9.9.11.4. Recent Developments
- 9.9.12. L3Harris Technologies, Inc.
- 9.9.12.1. Participant's Overview
- 9.9.12.2. Financial Performance
- 9.9.12.3. Product Benchmarking
- 9.9.12.4. Recent Developments
- 9.9.13. Safran Group
- 9.9.13.1. Participant's Overview
- 9.9.13.2. Financial Performance
- 9.9.13.3. Product Benchmarking
- 9.9.13.4. Recent Developments
- 9.9.14. Lockheed Martin Corporation
- 9.9.14.1. Participant's Overview
- 9.9.14.2. Financial Performance
- 9.9.14.3. Product Benchmarking
- 9.9.14.4. Recent Developments
- 9.9.15. Thales Group
- 9.9.15.1. Participant's Overview
- 9.9.15.2. Financial Performance
- 9.9.15.3. Product Benchmarking
- 9.9.15.4. Recent Developments
- 9.9.16. VACCO Industries Inc.
- 9.9.16.1. Participant's Overview
- 9.9.16.2. Financial Performance
- 9.9.16.3. Product Benchmarking
- 9.9.16.4. Recent Developments
- 9.9.1. Airbus
List of Tables
- Table 1 Satellite Propulsion System Market - Key Market Driver Impact
- Table 2 Satellite Propulsion System Market - Key Market Restraint Impact
- Table 3 Satellite Propulsion System Market Revenue Estimates and Forecast, By Platform, 2018 - 2030 (USD Million)
- Table 4 Satellite Propulsion System Market Revenue Estimates and Forecast, By Propulsion, 2018 - 2030 (USD Million)
- Table 5 Satellite Propulsion System Market Revenue Estimates and Forecast, By Component, 2018 - 2030 (USD Million)
- Table 6 Satellite Propulsion System Market Revenue Estimates and Forecast, By End User, 2018 - 2030 (USD Million)
- Table 7 Recent Developments & Impact Analysis, By Key Market Participants
- Table 8 Company Heat Map Analysis
- Table 9 Key companies undergoing expansions/divestitures
- Table 10 Key companies involved in mergers & acquisitions
- Table 11 Key companies undergoing collaborations.
- Table 12 Key companies launching new products
List of Figures
- Fig. 1 Satellite Propulsion System Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot (1/2)
- Fig. 8 Segment Snapshot (2/2)
- Fig. 9 Competitive Landscape Snapshot
- Fig. 10 Satellite Propulsion System Market Value, 2023 - 2030 (USD Million)
- Fig. 11 Satellite Propulsion System Market- Industry Value Chain Analysis
- Fig. 12 Market Dynamics
- Fig. 13 Key Market Driver Impact
- Fig. 14 Key Market Restraint/Challenges Impact
- Fig. 15 Satellite Propulsion System Market: PORTER's Analysis
- Fig. 16 Satellite Propulsion System Market: PESTEL Analysis
- Fig. 17 Satellite Propulsion System Market, by Platform: Key Takeaways
- Fig. 18 Satellite Propulsion System Market, by Platform: Market Share, 2023 & 2030
- Fig. 19 Large Satellites Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 20 Medium-Sized Satellites Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 21 Nano Satellites Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 22 CubeSats Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 23 Satellite Propulsion System Market, by Propulsion: Key Takeaways
- Fig. 24 Satellite Propulsion System Market, by Propulsion: Market Share, 2023 & 2030
- Fig. 25 Chemical Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 26 Non-Chemical Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 27 Satellite Propulsion System Market, by Component: Key Takeaways
- Fig. 28 Satellite Propulsion System Market, by Component: Market Share, 2023 & 2030
- Fig. 29 Thrusters Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 30 Propellant Feed Systems Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 31 Nozzles Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 32 Rocket Motors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 33 Others Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 34 Satellite Propulsion System Market, by End User: Key Takeaways
- Fig. 35 Satellite Propulsion System Market, by End User: Market Share, 2023 & 2030
- Fig. 36 Government Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 37 Commercial Feed Systems Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 38 Satellite Propulsion System Market by Region, 2023 & 2030, Revenue (USD Million)
- Fig. 39 Regional marketplace: Key takeaways
- Fig. 40 North America Satellite Propulsion System Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 41 U.S. Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 42 Canada Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 43 Mexico Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 44 Europe Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 45 Germany Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 46 UK Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 47 France Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 48 Asia Pacific Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 49 China Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 50 India Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 51 Japan Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 52 South Korea Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 53 Australia Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 54 Latin America Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 55 Brazil Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 56 MEA Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 57 UAE Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 58 Saudi Arabia Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 59 South Africa Satellite Propulsion System Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 60 Key Company Categorization
- Fig. 61 Company Market Positioning
- Fig. 62 Strategic Framework
