Global Satellite Propulsion System Market Size By System Type, By Application, By Propulsion Type, By Geographic Scope And Forecast

List of Tables

Satellite Propulsion System Market Size And Forecast

Satellite Propulsion System Market size was valued at USD 2.61 Billion in 2024 and is projected to reach USD 4.14 Billion by 2032, growing at a CAGR of 6.51% during the forecast period 2026-2032.

Space agencies are constantly looking to exploit private-sector collaborations to achieve their objectives more cost-effectively while promoting sustainable space exploration, this growth of space expeditions and commercial use of satellites is driving the growth of the market. The Global Satellite Propulsion System Market report provides a holistic evaluation of the market. Spacecraft propulsion helps to alter the speed of the spacecraft and artificial satellites. In-space propulsion deals with systems that can work in a vacuum, while space launch and climatic entry deal with the environment. The essential factor affecting the satellite drive system in the market is the rising number of assignments for space exploration. Technological improvements in space propulsion are driving the development of the Satellite propulsion system market.

Global Satellite Propulsion System Market Definition

A satellite is a semi-independent, computer-controlled, artificial device that is launched into the earth's orbit. Popular types of satellites include commercial, military, and surveillance, serving various purposes including science, weather, navigation, and communication. The satellites are also deployed for unique purposes in various orbits. The satellite data is used in various applications, such as urban development, maritime security, mineral prospecting, and agriculture.

The satellites are launched via launch vehicles into the earth's orbits. They use boosters to supply early thrust and reduce the mass of further stages, thus allowing for larger payloads to be carried into the orbit. Not only the launch pads but also the satellites in the orbit need propulsion systems used to accelerate/power into the orbit. Satellite propulsion systems are designed to provide precise impulse bits for accurate control of satellite locations or altitudes.

Global Satellite Propulsion System Market Overview

The space exploration business has changed substantially in the last fifteen years, with space startups and private companies joining governments to create and launch satellites and other spacecraft with the launch vehicles. The demand for propulsion systems in space has therefore increased. Driven by initiatives in leading countries and new countries investing in space exploration, global investment has increased in the last few years.

The demand for low-cost, high-speed broadband with expanded capacity for enterprise data (retail, keeping the money), the energy sector (oil, gas, mining), and governments in industrialized nations are developing. Thus, there is an increase in demand for low-cost broadband among person consumers in less developed countries and rural regions that will not have access to the Internet. Also, there is a high demand for low-cost, high-speed broadband in industrialized countries, and on the off chance that all planned GEO HTS satellites and LEO groups of stars succeed, the supply could be much higher than the anticipated demand, which would drive down the per megabit cost.

Global space exploration budgets are expected to grow to over $20 billion by 2027 in a still restrained budgetary environment. Space exploration draws interest not only from a rising number of governments but also from the private sector; start-ups to large businesses are trying to explore the economic potential of exploration activities. Space agencies are constantly looking to exploit private-sector collaborations to achieve their objectives more cost-effectively while promoting sustainable space exploration, this growth of space expeditions and commercial use of satellites is driving the growth of the market.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Satellite Propulsion System market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter's Five Forces

The image provided would further help to get information about Porter's five forces framework providing a blueprint for understanding the behavior of competitors and a player's strategic positioning in the respective industry. The porter's five forces model can be used to assess the competitive landscape in global Satellite Propulsion System market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Satellite Propulsion System Market: Segmentation Analysis

The Global Satellite Propulsion System Market is segmented on the basis of System Type, Application, Propulsion Type, and geography.

Satellite Propulsion System Market, By System Type

Bipropellant Propulsion System
Monopropellant Propulsion System
Pneumatic Propulsion System
Others

Based on System Type, the market is segmented into Bipropellant Propulsion System, Monopropellant Propulsion System, Pneumatic Propulsion System, and Others. The bipropellant segment accounted for the largest market share in 2019 and is projected to grow at a CAGR of 4.85% during the forecast period. Bipropellant propulsion systems for satellite injections and orbit corrections have been used since the late 1960s. It was soon recognized that bipropellant propulsion systems offered higher specific impulses with respect to the traditional solid/monopropellant systems and allowed to increase the payload capability.

Satellite Propulsion System Market, By Application

Applications Satellite
Science Satellite
Technology Experiment Satellite

Based on Application, the market is segmented into Applications Satellite, Science Satellite, and Technology Experiment Satellite. Applications Satellite segment accounted for the largest market share in 2019 and is projected to grow at a CAGR of 7.71% during the forecast period. Science Satellite was the second-largest market in 2019 and it is projected to grow at a CAGR of 4.43%.

Satellite Propulsion System Market, By Propulsion Type

Cold Gas Propulsion
Ambipolar Thrusters
Green Liquid
Pulsed Plasma Propulsion
Water Electrolyzed
Others

Based on Propulsion Type, the market is segmented into Cold Gas Propulsion, Ambipolar Thrusters, Green Liquid, Pulsed Plasma Propulsion, Water Electrolyzed, and Others. Cold Gas Propulsion accounted for the largest market share in 2019 and is projected to grow at a CAGR of 6.16% during the forecast period. Cold gas propulsion technology relies on expanding the gas to produce thrust through a nozzle. It allows the propellant to flow from a propellant storage tank to a converging/diverging nozzle from which it expands into open space. Furthermore, cold gas propulsion systems are characterized by a low specific impulse of tens to a few hundred seconds, depending on the propellant atomic mass, relative to chemical or electric propulsion systems.

Satellite Propulsion System Market, By Geography

North America
Asia-Pacific
Europe
Rest of the World
On the basis of Regional Analysis, the North American market was anticipated to account for the significant Satellite Propulsion System Market Share. Further, this region is estimated to produce the highest CAGR for the inquiry about time period. This is due to prominent space organizations like NASA (National Air transportation and Space Organization). This region too has the presence of leading satellite drive system suppliers likeAerojetRocketdyneand Boeing, which is moving the development of the regional market.

Key Players

The "Global Satellite Propulsion System Market" study report will provide valuable insight with an emphasis on the global market including some of the major players such as Moog Inc., ENPULSION GmbH, Exotrail SA, Aerojet Rocketdyne, Airbus SE, BALL CORPORATION, Bellatrix Aerospace Private Limited, Busek Co. Inc., and Cobham PLC. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Nov, 2022 - Moog Inc. launched Artemis 1, which is the first uncrewed test flight of NASA's mission to return to the Moon. The Space Launch System (SLS) rocket lifted off from Kennedy Space Center in Cape Canaveral, Florida early this morning. The rocket is the most powerful ever built, putting off 8.8 million pounds of thrust and traveling nearly 23,000 miles per hour. Moog actuators and controllers are responsible for controlling that power by precisely positioning the engines to steer all stages of the SLS rocket.
October, 2022 Ball Corporation announced the availability of two new sizes of its infinitely recyclable Ball Aluminum Cup(R), therefore broadening the opportunity for venues, concessionaires and more to offer consumers a full portfolio of sustainable cup options. The Ball Aluminum Cup(R) that is available for food service customers is now composed of 90% recycled content, making it the cup with the highest recycled content rate of any beverage packaging in its category.
June, 2022 - Ball Corporation launched its most sustainable aluminum aerosol can globally, with only half the carbon footprint of a standard can. This will help support Ball's ambition to achieve its 2030 science-based targets and net-zero emissions prior to 2050.
October, 2020 - ENPULSION, the market leader in small satellite propulsion, has launched the ENPULSION MICRO to cover the propulsion needs of heavier satellites which want to use the acclaimed FEEP technology currently used in the company's NANO product range. First units have already been shipped to customers.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Product Code: 41369

1 INTRODUCTION

1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS

2 RESEARCH METHODOLOGY

2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP DOWN APPROACH
2.1 RESEARCH FLOW
2.11 DATA SOURCES

3 EXECUTIVE SUMMARY

3.1 MARKET OVERVIEW
3.2 GLOBAL SATELLITE PROPULSION SYSTEM MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
3.3 GLOBAL SATELLITE PROPULSION SYSTEM MARKET, BY SYSTEM TYPE (USD MILLION)
3.4 GLOBAL SATELLITE PROPULSION SYSTEM MARKET, BY APPLICATION (USD MILLION)
3.5 GLOBAL SATELLITE PROPULSION SYSTEM MARKET, BY PROPULSION TYPE (USD MILLION)
3.6 FUTURE MARKET OPPORTUNITIES
3.7 GLOBAL MARKET SPLIT

4 MARKET OUTLOOK

4.1 GLOBAL SATELLITE PROPULSION SYSTEM MARKET OUTLOOK
4.2 MARKET DRIVERS
- 4.2.1 GROWING DEMAND FOR LOW-COST SMALL SATELLITES AND DEVELOPMENT OF REUSABLE SPACE LAUNCH VEHICLES
- 4.2.2 GROWTH IN SPACE EXPEDITIONS AND COMMERCIAL USE OF SATELLITES
4.3 MARKET RESTRAINTS
- 4.3.1 LACK OF MEASURES FOR THE DISPOSAL OF ORBITAL DEBRIS
4.4 MARKET OPPORTUNITIES
- 4.4.1 RAPID DEPLOYMENT OF CUBESATS
4.5 TYPES OF COMPONENTS FOR SATELLITE PROPULSION

5 GLOBAL SATELLITE PROPULSION SYSTEM MARKET, BY SYSTEM TYPE

5.1 OVERVIEW
5.2 PNEUMATIC PROPULSION SYSTEM
5.3 MONOPROPELLANT PROPULSION SYSTEM
5.4 BIPROPELLANT PROPULSION SYSTEM
5.5 OTHERS

6 GLOBAL SATELLITE PROPULSION SYSTEM MARKET, BY APPLICATION

6.1 OVERVIEW
6.2 SCIENCE SATELLITE
6.3 TECHNOLOGY EXPERIMENT SATELLITE
6.4 APPLICATION SATELLITE

7 GLOBAL SATELLITE PROPULSION SYSTEM MARKET, BY PROPULSION TYPE

7.1 OVERVIEW
7.2 COLD GAS PROPULSION
7.3 PULSED PLASMA THRUSTER
7.4 GREEN LIQUID PROPULSION
7.5 AMBIPOLAR THRUSTER
7.6 WATER ELECTROLYZED

8 MARKET, BY GEOGRAPHY

8.1 OVERVIEW
8.2 NORTH AMERICA
- 8.2.1 U.S
- 8.2.2 CANADA
- 8.2.3 MEXICO
8.3 EUROPE
- 8.3.1 GERMANY
- 8.3.2 U.K
- 8.3.3 RUSSIA
- 8.3.4 REST OF EUROPE
8.4 ASIA PACIFIC
- 8.4.1 CHINA
- 8.4.2 JAPAN
- 8.4.3 INDIA
- 8.4.4 REST OF ASIA PACIFIC
8.5 ROW
- 8.5.1 MIDDLE EAST & AFRICA
- 8.5.2 LATIN AMERICA

9 COMPETITIVE LANDSCAPE 88

9.1 OVERVIEW
9.2 KEY DEVELOPMENT STRATEGIES
9.3 COMPANY RANKING ANALYSIS

10 COMPANY PROFILES

10.1 AIRBUS SE
- 10.1.1 COMPANY OVERVIEW
- 10.1.2 COMPANY INSIGHTS.
- 10.1.3 SEGMENT BREAKDOWN
- 10.1.4 PRODUCT BENCHMARKING
- 10.1.5 SWOT ANALYSIS
10.2 AEROJET ROCKETDYNE, INC.
- 10.2.1 COMPANY OVERVIEW
- 10.2.2 COMPANY INSIGHTS
- 10.2.3 SEGMENT BREAKDOWN
- 10.2.4 PRODUCT BENCHMARKING
- 10.2.5 KEY DEVELOPMENT
- 10.2.6 SWOT ANALYSIS
10.3 MOOG INC.
- 10.3.1 COMPANY OVERVIEW
- 10.3.2 COMPANY INSIGHTS
- 10.3.3 SEGMENT BREAKDOWN
- 10.3.4 PRODUCT BENCHMARKING
- 10.3.5 SWOT ANALYSIS
10.4 BUSEK CO. INC.
- 10.4.1 COMPANY OVERVIEW
- 10.4.2 COMPANY INSIGHTS
- 10.4.3 PRODUCT BENCHMARKING
10.5 BELLATRIX AEROSPACE PVT LIMITED
- 10.5.1 COMPANY OVERVIEW
- 10.5.2 COMPANY INSIGHTS
- 10.5.3 PRODUCT BENCHMARKING
10.6 EXOTRAIL SA
- 10.6.1 COMPANY OVERVIEW
- 10.6.2 PRODUCT BENCHMARKING
10.7 ENPULSION GMBH
- 10.7.1 COMPANY OVERVIEW
- 10.7.2 PRODUCT BENCHMARKING
- 10.7.3 KEY DEVELOPMENT
10.8 COBHAM PLC
- 10.8.1 COMPANY OVERVIEW
- 10.8.2 COMPANY INSIGHTS
- 10.8.3 SEGMENT BREAKDOWN
- 10.8.4 PRODUCT BENCHMARKING
10.9 BALL CORPORATION
- 10.9.1 COMPANY OVERVIEW
- 10.9.2 COMPANY INSIGHTS