The Global Space Propulsion Market Size is estimated at $10.8 Billion in 2025 and is forecast to register an annual growth rate (CAGR) of 12.5% to reach $31.2 Billion by 2034.
The global Space Propulsion Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type (Chemical Propulsion, Non-Chemical Propulsion), By Platform (Satellites, Capsules/Cargo, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, Launch Vehicles), By Component (Thrusters, Propellant Feed Systems, Rocket Motors, Nozzles, Propulsion Thermal Control, Power Processing Units, Others), By End-User (Commercial, Government & Defense), By Support Service (Design, Engineering, Operation, And Maintenance, Hot Firing and Environmental Test Execution, Fuelling, Launch, And Ground Support).
An Introduction to Space Propulsion Market in 2025
The space propulsion market is at the forefront of the commercial space race, driven by satellite mega-constellations, interplanetary missions, and reusable launch systems. Advanced electric propulsion systems, like ion and Hall-effect thrusters, are gaining prominence for their efficiency in long-duration space travel. Meanwhile, chemical propulsion remains vital for heavy-lift launches and quick orbital maneuvers. Innovations in green propellants are addressing environmental concerns around traditional fuels. Startups and established aerospace companies are developing hybrid and nuclear propulsion technologies, aiming for faster and more cost-effective deep-space exploration. With increasing private sector participation and global space initiatives, the market reflects a blend of high innovation and strategic competition in pushing the boundaries of space travel and satellite deployment.
About USD Analytics
Table of Contents
List of Charts and Exhibits
List of Tables
1. Executive Summary
What’s New in 2025?
Top 10 Takeaways from the industry
Potential Opportunities for Industry Stakeholders
Strategic Imperatives
Company Market Positioning
Industry Benchmarking Matrix
2. Research Scope and Methodology
Market Definition
- Market Segments
- Companies Profiled
Research Methodology
- Bottom-Up Method
- Top-Down Method
- Data Triangulation
Forecast Methodology
- Data Sources
- USDA Proprietary Databases
- External Sources
- Primary Research and Interviews
Conversion Rates for USD
Abbreviations
3. Strategic Landscape: Key Insights and Implications
Spotlight: Key Strategies opted by Business Leaders
Competitive Landscape
Market Size ($ Million) and Share (%) by Company, 2024
SWOT Analysis
- Key Market Strengths
- Key Market Weaknesses
- Potential Opportunities
- Potential Threats
Porter’s Five Force Analysis
- Summary
- Bargaining Power of Buyers- Impact Analysis
- Bargaining Power of Suppliers- Impact Analysis
- Threat of new entrants- Impact Analysis
- Intensity of Competitive Rivalry- Impact Analysis
Macro-Environmental Analysis
- Economic forecasts by Country, 2010- 2035
- Population forecasts by Country, 2010- 2035
- Inflation Outlook by Country, 2010-2035
- Impact of Russia-Ukraine Conflict, Sluggish China Growth, US Developments
5. Growth Opportunity Analysis
Trends at a Glance
- What are the most noteworthy trends in the market
- Where should leaders pay attention?
- What industries are likely to be affected by the growth?
Market Dynamics
- Charting a path forward
- Growth Drivers
- Growth Barriers
Key Industry Stakeholders
- Suppliers
- Manufacturers and Service Providers
- Distribution Channels
- End-Users and Applications
- Regulators
- Investors, Traders, and R&D Institutes
Regulatory Landscape
6. Market Size Outlook to 2034
Global Space Propulsion Market Market Size Forecast, USD Million, 2018- 2034
- Historic Market Size, 2018- 2024
- Forecast Market Size, 2024- 2034
Scenario Analysis
- Low Growth Scenario: Definition and Outlook to 2034
- Reference Case: Definition and Outlook to 2034
- High Growth Scenario: Definition and Outlook to 2034
Pricing Analysis and Outlook
- Space Propulsion Market Average Price Forecast, 2021- 2034
- Key Factors Shaping the Pricing Patterns
7. Historical Space Propulsion Market Market Size by Segments, 2018- 2024
Key Statistics, 2024
Space Propulsion Market Market Size Outlook by Type, USD Million, 2018- 2024
Growth Comparison (y-o-y) across Space Propulsion Market Types, 2018- 2024
Space Propulsion Market Market Size Outlook by Application, USD Million, 2018- 2024
Growth Comparison (y-o-y) across Space Propulsion Market Applications, 2018- 2024
8. Space Propulsion Market Market Size Outlook by Segments, 2024- 2034
By Type
Chemical Propulsion
-Solid
-Liquid
Non-Chemical Propulsion
-Longer Operational Durations to Drive Market
-Electric/Ion Propulsion
-Solar Propulsion
-Tether Propulsion
-Nuclear Propulsion
By Platform
Satellites
Capsules/Cargo
Interplanetary Spacecraft & Probes
Rovers/Spacecraft Landers
Launch Vehicles
By Component
Thrusters
Propellant Feed Systems
Rocket Motors
Nozzles
Propulsion Thermal Control
Power Processing Units
Others
By End-User
Commercial
Government & Defense
By Support Service
Design, Engineering, Operation, And Maintenance
Hot Firing and Environmental Test Execution
Fuelling, Launch, And Ground Support
9. Space Propulsion Market Market Size Outlook by Region
North America
Key Market Dynamics
North America Space Propulsion Market Market Size Outlook by Type, USD Million, 2021-2034
North America Space Propulsion Market Market Size Outlook by Application, USD Million, 2021-2034
North America Space Propulsion Market Market Size Outlook by Sales Channel, USD Million, 2021-2034
North America Space Propulsion Market Market Size Outlook by Country, USD Million, 2021-2034
Europe
Key Market Dynamics
Europe Space Propulsion Market Market Size Outlook by Type, USD Million, 2021-2034
Europe Space Propulsion Market Market Size Outlook by Application, USD Million, 2021-2034
Europe Space Propulsion Market Market Size Outlook by Sales Channel, USD Million, 2021-2034
Europe Space Propulsion Market Market Size Outlook by Country, USD Million, 2021-2034
Asia Pacific
Key Market Dynamics
Asia Pacific Space Propulsion Market Market Size Outlook by Type, USD Million, 2021-2034
Asia Pacific Space Propulsion Market Market Size Outlook by Application, USD Million, 2021-2034
Asia Pacific Space Propulsion Market Market Size Outlook by Sales Channel, USD Million, 2021-2034
Asia Pacific Space Propulsion Market Market Size Outlook by Country, USD Million, 2021-2034
South America
Key Market Dynamics
South America Space Propulsion Market Market Size Outlook by Type, USD Million, 2021-2034
South America Space Propulsion Market Market Size Outlook by Application, USD Million, 2021-2034
South America Space Propulsion Market Market Size Outlook by Sales Channel, USD Million, 2021-2034
South America Space Propulsion Market Market Size Outlook by Country, USD Million, 2021-2034
Middle East and Africa
Key Market Dynamics
Middle East and Africa Space Propulsion Market Market Size Outlook by Type, USD Million, 2021-2034
Middle East and Africa Space Propulsion Market Market Size Outlook by Application, USD Million, 2021-2034
Middle East and Africa Space Propulsion Market Market Size Outlook by Sales Channel, USD Million, 2021-2034
Middle East and Africa Space Propulsion Market Market Size Outlook by Country, USD Million, 2021-2034
10. United States Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
United States Space Propulsion Market Market Size Outlook by Type, 2021- 2034
United States Space Propulsion Market Market Size Outlook by Application, 2021- 2034
United States Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
11. Canada Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
Canada Space Propulsion Market Market Size Outlook by Type, 2021- 2034
Canada Space Propulsion Market Market Size Outlook by Application, 2021- 2034
Canada Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
12. Mexico Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
Mexico Space Propulsion Market Market Size Outlook by Type, 2021- 2034
Mexico Space Propulsion Market Market Size Outlook by Application, 2021- 2034
Mexico Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
13. Germany Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
Germany Space Propulsion Market Market Size Outlook by Type, 2021- 2034
Germany Space Propulsion Market Market Size Outlook by Application, 2021- 2034
Germany Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
14. France Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
France Space Propulsion Market Market Size Outlook by Type, 2021- 2034
France Space Propulsion Market Market Size Outlook by Application, 2021- 2034
France Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
15. United Kingdom Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
United Kingdom Space Propulsion Market Market Size Outlook by Type, 2021- 2034
United Kingdom Space Propulsion Market Market Size Outlook by Application, 2021- 2034
United Kingdom Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
16. Spain Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
Spain Space Propulsion Market Market Size Outlook by Type, 2021- 2034
Spain Space Propulsion Market Market Size Outlook by Application, 2021- 2034
Spain Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
17. Italy Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
Italy Space Propulsion Market Market Size Outlook by Type, 2021- 2034
Italy Space Propulsion Market Market Size Outlook by Application, 2021- 2034
Italy Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
18. Benelux Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
Benelux Space Propulsion Market Market Size Outlook by Type, 2021- 2034
Benelux Space Propulsion Market Market Size Outlook by Application, 2021- 2034
Benelux Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
19. Nordic Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
Nordic Space Propulsion Market Market Size Outlook by Type, 2021- 2034
Nordic Space Propulsion Market Market Size Outlook by Application, 2021- 2034
Nordic Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
20. Rest of Europe Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Europe Space Propulsion Market Market Size Outlook by Type, 2021- 2034
Rest of Europe Space Propulsion Market Market Size Outlook by Application, 2021- 2034
Rest of Europe Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
21. China Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
China Space Propulsion Market Market Size Outlook by Type, 2021- 2034
China Space Propulsion Market Market Size Outlook by Application, 2021- 2034
China Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
22. India Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
India Space Propulsion Market Market Size Outlook by Type, 2021- 2034
India Space Propulsion Market Market Size Outlook by Application, 2021- 2034
India Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
23. Japan Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
Japan Space Propulsion Market Market Size Outlook by Type, 2021- 2034
Japan Space Propulsion Market Market Size Outlook by Application, 2021- 2034
Japan Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
24. South Korea Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
South Korea Space Propulsion Market Market Size Outlook by Type, 2021- 2034
South Korea Space Propulsion Market Market Size Outlook by Application, 2021- 2034
South Korea Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
25. Australia Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
Australia Space Propulsion Market Market Size Outlook by Type, 2021- 2034
Australia Space Propulsion Market Market Size Outlook by Application, 2021- 2034
Australia Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
26. South East Asia Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
South East Asia Space Propulsion Market Market Size Outlook by Type, 2021- 2034
South East Asia Space Propulsion Market Market Size Outlook by Application, 2021- 2034
South East Asia Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
27. Rest of Asia Pacific Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Asia Pacific Space Propulsion Market Market Size Outlook by Type, 2021- 2034
Rest of Asia Pacific Space Propulsion Market Market Size Outlook by Application, 2021- 2034
Rest of Asia Pacific Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
28. Brazil Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
Brazil Space Propulsion Market Market Size Outlook by Type, 2021- 2034
Brazil Space Propulsion Market Market Size Outlook by Application, 2021- 2034
Brazil Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
29. Argentina Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
Argentina Space Propulsion Market Market Size Outlook by Type, 2021- 2034
Argentina Space Propulsion Market Market Size Outlook by Application, 2021- 2034
Argentina Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
30. Rest of South America Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of South America Space Propulsion Market Market Size Outlook by Type, 2021- 2034
Rest of South America Space Propulsion Market Market Size Outlook by Application, 2021- 2034
Rest of South America Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
31. United Arab Emirates Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
United Arab Emirates Space Propulsion Market Market Size Outlook by Type, 2021- 2034
United Arab Emirates Space Propulsion Market Market Size Outlook by Application, 2021- 2034
United Arab Emirates Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
32. Saudi Arabia Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
Saudi Arabia Space Propulsion Market Market Size Outlook by Type, 2021- 2034
Saudi Arabia Space Propulsion Market Market Size Outlook by Application, 2021- 2034
Saudi Arabia Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
33. Rest of Middle East Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Middle East Space Propulsion Market Market Size Outlook by Type, 2021- 2034
Rest of Middle East Space Propulsion Market Market Size Outlook by Application, 2021- 2034
Rest of Middle East Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
34. South Africa Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
South Africa Space Propulsion Market Market Size Outlook by Type, 2021- 2034
South Africa Space Propulsion Market Market Size Outlook by Application, 2021- 2034
South Africa Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
35. Rest of Africa Space Propulsion Market Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Africa Space Propulsion Market Market Size Outlook by Type, 2021- 2034
Rest of Africa Space Propulsion Market Market Size Outlook by Application, 2021- 2034
Rest of Africa Space Propulsion Market Market Size Outlook by End-User, 2021- 2034
36. Key Companies
Market Share Analysis
AiFi Inc
Alphabet Inc
Amazon Web Services Inc
Apple Inc
ARRI GmbH.
AT&T
Atos SE
Catapult
Cisco Systems Inc
Coach Logic
dartfish.com
Evolv Technologies Inc
ExLService Holdings Inc
Extreme Networks
Fujitsu
Garmin Ltd
Hawk-Eye Innovations Ltd
Honeywell International Inc
Huawei Technologies Co. Ltd
Hudl
IBM
Intel Corp
Johnson Controls
LongoMatch
Lumen Technologies
Nacsport
NEC Corp
NTT Corp
NXP Semiconductors
Oracle
Panasonic Life Solutions India Pvt. Ltd
SAMSUNG
SAP SE
SAS Institute Inc
Schneider Electric
Sharp Electronics
Spiideo
Tech Mahindra Ltd
Telefonaktiebolaget LM Ericsson
Telefónica S.A.
T-Mobile Inc
Verizon
Vix Technology
Vodafone Group
WHOOP
Company Benchmarking
Financial Analysis
37. Recent Market Developments
38. Appendix
Looking Ahead
Research Methodology
Legal Disclaimer
