Global Electric Propulsion Satellites Films Market to reach US$95.23 billion by 2031, growing with a CAGR of 11.77%, Asia pacific Holds 26% share of global market

Global Electric Propulsion Satellites Films Market reached US$39.10 billion in 2023 and is expected to reach US$95.23 billion by 2031, growing with a CAGR of 11.77% during the forecast period 2024-2031, according to DataM Intelligence report.

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The growth of this market will be further fueled by the increased deployment of satellites for earth observation, communication and other applications. The electric propulsion market is going to experience transformative changes as a result of the emergence of small satellite constellations and cube satellites. Utah State University predicts that 2080 nanosatellites launched from the beginning of 2022 to the end of 2027. CubeSats are small, extremely inexpensive satellites that are used for a variety of applications, including remote sensing, research and communications.

United States: Key Industry Developments
✅ November 2025: NASA's Pathfinder Technology Demonstrator PTD‐1 successfully demonstrated a water-propellant electric thruster in orbit, validating innovative water-based in-space propulsion technology.

✅ September 2025: New simulations revealed "electric field-enhanced solid-state" thrusters, a novel electric propulsion concept that ionizes and accelerates ions using solid-state electrodes, enhancing maneuverability and efficiency in satellites.

Europe: Key Industry Developments
✅ November 2025: Pale Blue, a Japanese company with significant European partnerships, launched two new products including the instant-start PBH-100 Hall-effect thruster, expanding their portfolio of water-based electric propulsion systems for satellites.

✅ September 2025: European developers and researchers focused on advancing electric propulsion technologies integrating AI-driven control systems for improved satellite maneuverability and mission duration, pushing forward the sustainable satellite operations agenda.

Recent Product Launches in 2025:-
→ November 2025: Pale Blue launched its PBH-100 Hall-effect thruster, a water-based electric propulsion product designed for instant start and enhanced performance in satellite applications.

→ Ongoing 2025: Key players in the US and Europe such as Boeing, Airbus, and Lockheed Martin have been actively innovating in electric propulsion systems, though publicly announced product launches in recent months are primarily linked to thruster technology advancements and simulation-driven designs.

Recent Merges & acquisition
October 28, 2025 Voyager Technologies acquired ExoTerra Resource, a supplier of compact electric-propulsion systems used for satellite manoeuvring and orbital control. This deal enhances Voyager's in-orbit solutions portfolio with electric-propulsion hardware a key enabler for small-sat and constellation deployments.

→ June 2025 OHB SE acquired a controlling interest in a Scandinavian propulsion start-up focused on environmentally friendly bi-propellant and electric propulsion systems. This acquisition strengthens OHB's green spaceflight capabilities and supports development of next-gen satellite electric thrusters.

→ March 2025 Honeywell International Inc. entered into a strategic partnership (with acquisition-like implications) with a U.S.-based propulsion innovator to co-develop advanced electric and hypergolic propulsion systems for interplanetary probes and lunar modules. The collaboration reflects the growing market trend toward high-efficiency electric propulsion in satellite and deep-space missions.

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Market Segmentation-

Segmentation by Application
→ Earth Observation & Sciences: This segment involves satellites for climate monitoring, agriculture, urban planning, and environmental studies, leveraging electric propulsion for precise orbit maintenance and extended missions. It leads the market with an estimated 30% share in recent years, driven by rising demand for data-intensive Earth imaging.​

→ Navigation: This covers global positioning systems and precision location services, where electric propulsion enhances fuel efficiency and satellite longevity in constellations. It holds about 25% market share, supported by expanding needs in transportation and logistics.​

→ Telecommunication: Focused on broadband, satellite TV, and connectivity solutions, this segment benefits from propulsion systems that enable larger payloads and lower launch costs. It accounts for roughly 20% of the market, fueled by global internet expansion initiatives.​

→ Astronomy: This includes observatories and deep-space telescopes requiring stable positioning via efficient thrusters for long-duration observations. It represents approximately 10% share, with growth from scientific missions.​

→ Interplanetary & Space Exploration: Encompassing missions to other planets and deep space, electric propulsion provides high specific impulse for trajectory adjustments over vast distances. It comprises about 8% of the market, boosted by agency programs like NASA's.​

→ Others: This category includes defense, surveillance, and research initiatives using specialized propulsion for agile maneuvers. It makes up around 7% share, driven by security and niche applications.​

Segmentation by End-User
→ Commercial: This segment drives satellite constellations for internet, Earth observation, and data services, prioritizing cost-effective propulsion to manage large fleets. It dominates with over 95% share (generating beyond USD 41 billion in 2023), propelled by private investments in broadband and imaging.​

→ Military/Government/Defense: Involves reconnaissance, surveillance, and secure communications satellites needing reliable, high-performance systems for mission-critical operations. It holds a smaller share compared to commercial, around 5%, but grows with defense budgets focused on space superiority.

Regional insights:-
→ Asia-Pacific
Asia-Pacific holds approximately 26% of the global electric propulsion satellites market value as of 2024, driven by rapid satellite manufacturing growth in China and advancements in technologies like Hall Effect and ion thrusters. This region is the fastest-growing, fueled by expanding space exploration and next-generation satellite development.​

→ North America
North America dominates the market due to major aerospace companies, substantial government investments in space research, and a strong presence of commercial satellite operators. Robust innovation and regulatory support further enhance demand for electric propulsion systems.​

→ Europe
Europe maintains a strong market presence alongside North America, supported by key players like Airbus SE and Safran SA contributing to propulsion advancements. Growth is propelled by technological innovation and diverse satellite applications.

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Competitive Landscape
The major global players in the market include Accion Systems, Ad Astra Rocket, L3Harris Technologies, Inc., Safran Group, Airbus, ArianeGroup, Boeing, Lockheed Martin and Northrop Grumman and Thales.

→ Boeing
Boeing pioneered the world's first all-electric propulsion satellites with its 702SP platform, completing production of the ABS-3A and EUTELSAT 115 West B models in 2015 for launch on a SpaceX Falcon 9. This lightweight, efficient design leverages over 210,000 hours of on-orbit electric propulsion experience, enabling cost savings through reduced weight and stacked launches. Boeing remains a key profiled company in market reports.​

Airbus
Airbus, through Airbus Defence and Space, leads in electric propulsion systems for satellites used in communications and Earth observation, investing heavily in R&D to extend satellite lifespans. The company is consistently listed among top vendors, contributing to market growth via advanced ion and Hall effect thrusters. Airbus holds a prominent position in Europe-dominated segments.

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