In-Space Propulsion Systems Market Size, Trends & Forecasts | Valuates Reports

In-Space Propulsion Systems Market Size

The global market for In-Space Propulsion Systems was valued at US$ 12000 million in the year 2024 and is projected to reach a revised size of US$ 29270 million by 2031, growing at a CAGR of 13.8% during the forecast period.

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Space propulsion systems are used to generate thrust in spacecraft, launch vehicles, capsules/cargos, and rovers/spacecraft landers for orbit insertion, station keeping, lifting launch vehicles into space, and attitude control, among others.

North American market for In-Space Propulsion Systems is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Asia-Pacific market for In-Space Propulsion Systems is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global manufacturers of In-Space Propulsion Systems include Safran, Northrop Grumman, Aerojet Rocketdyne, ArianeGroup, Moog, IHI Corporation, CASC, OHB System, SpaceX, Thales, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

By Type
• Solid Propulsion
• Liquid Propulsion
• Electric Propulsion
• Hybrid Propulsion

By Application
• Satellite Operators and Owners
• Space Launch Service Providers
• National Space Agencies
• Departments of Defense

Key Companies
Safran, Northrop Grumman, Aerojet Rocketdyne, ArianeGroup, Moog, IHI Corporation, CASC, OHB System, SpaceX, Thales, Roscosmos, Lockheed Martin, Rafael, Accion Systems, Busek, Avio, CU Aerospace, Nammo

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This release was published on openPR.