How big is the satellite propulsion system market?

The global satellite propulsion system market size was estimated at USD 11.05 billion in 2024 and is expected to reach USD 12.28 billion in 2025.

What is the satellite propulsion system market growth?

The global satellite propulsion system market is expected to grow at a compound annual growth rate of 13.6% from 2025 to 2030 to reach USD 23.24 billion by 2030.

Which segment accounted for the largest satellite propulsion system market share?

The North America region dominated the industry with a revenue share of over 51% in 2024. This can be attributed to rising demand for advanced satellite technologies driven by increasing government funding for space exploration coupled with the proliferation of commercial space activities in the region.

Who are the key players in satellite propulsion system market?

Some key players operating in satellite propulsion system market include Airbus, OHB SE, ArianeGroup, Busek, Co. Inc., Blue Origin LLC, Cobham Limited, ENPULSION GmbH, Moog Inc., Sierra Nevada Corporation, Northrop Grumman, Orbion Space Technology, L3Harris Technologies, Inc., Safran Group, Lockheed Martin Corporation, Thales Group, and VACCO Industries Inc.

What are the factors driving the satellite propulsion system market?

Key factors that are driving satellite propulsion system market growth include increasing number of space missions for commercial, government, and scientific purposes as well as technological advancements in propulsion technologies.