United States Electric Propulsion Satellite Market 2031 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

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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Key Development:

United States: Recent Electric Propulsion Satellite Developments

✅ In December 2025, Rocket Lab successfully launched four experimental DiskSats for the U.S. Space Force, deploying the satellites into 550 km orbit with onboard electric propulsion systems to test advanced orbit changes and maneuverability.

✅ In December 2025, Rocket Lab completed its 21st mission of the year by launching a Japanese private Earth‐observing satellite equipped with electric propulsion to support efficient orbit raising and station keeping for radar imaging operations.

✅ In November 2025, the U.S. Space Development Agency awarded a $3.5 billion contract to Lockheed Martin, L3Harris, Northrop Grumman and Rocket Lab to build 72 next‐generation satellites for missile warning and tracking, many leveraging electric propulsion for station keeping and orbit control.

✅ In October 2025, Rocket Lab inked a multi‐launch deal with Japan's iQPS, securing dedicated Electron launches that will deploy synthetic aperture radar satellites all designed to use efficient electric propulsion systems for orbital maneuvering.

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Japan: Recent Electric Propulsion Satellite Developments

✅ In December 2025, Rocket Lab's Electron rocket successfully launched JAXA's RAISE‐4 rapid innovative payload demonstration satellite, carrying multiple advanced technologies including electric propulsion subsystems developed by Japanese industry partners into sun‐synchronous orbit.

✅ In December 2025, Japan launched the RApid Innovative payload demonstration SatellitE‐4 (RAISE‐4) under JAXA's Innovative Satellite Technology Demonstration Program, enabling in‐orbit testing of electric propulsion and other space technologies by universities and private firms.

✅ In October 2025, Rocket Lab completed the first dedicated mission for JAXA with the RAISE and Shine flight, deploying Japan's technology demonstration satellite that helps mature electric propulsion and small satellite tech for future missions.

✅ In (Planned) late 2025/early 2026, Japan's high‐power all‐electric ETS‐IX satellite designed with high‐thrust Hall thrusters for orbit transfer and station keeping remains scheduled for launch to demonstrate large all‐electric satellite bus capabilities.

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Recent Mergers and Acquisitions:

United States: Recent M&A Activity

✅ In December 2025, Howmet Aerospace announced the acquisition of Stanley Black & Decker's Consolidated Aerospace Manufacturing unit for approximately $1.8 billion, expanding Howmet's aerospace components and structural parts capabilities for defense and commercial aircraft.

✅ In December 2025, CACI International agreed to acquire Arka Group, an aerospace and defense technology provider, in an all‐cash deal valued at $2.6 billion, bringing advanced space and defense tech talent and products into CACI's portfolio.

✅ In December 2025, Applied Aerospace and PCX Aerosystems announced a merger to form Applied Aerospace & Defense, consolidating precision hardware manufacturing for aircraft, satellites, launch vehicles and defense systems to scale production and broaden market reach.

Japan: Recent M&A Activity

✅ In September 2025, Niterra completed the acquisition of the Spark Plug and Exhaust Gas Sensor businesses of Denso for approximately $1.2 billion, expanding Niterra's automotive components portfolio with complementary sensor and ignition systems.

✅ In Late 2025, Daiwa Securities announced plans to grow its M&A revenue target to 100 billion yen by 2031, reflecting a strategic push by Japanese firms to pursue larger and more frequent cross‐border and domestic acquisitions amid a robust dealmaking environment

Key Players:

=> Accion Systems, Ad Astra Rocket, L3Harris Technologies, Inc., Safran Group, Airbus, ArianeGroup, Boeing, Lockheed Martin and Northrop Grumman and Thales.

Key Segments:

By Orbit

Low Earth Orbit (Up to 2,000 KM) dominates the market with 55% share, driven by the rapid deployment of Earth observation, communication constellations, and small satellite missions. The lower launch cost, reduced latency, and suitability for high-resolution imaging continue to accelerate adoption.
Medium Earth Orbit (2,000-35,000 KM) accounts for 20%, supported by its use in navigation systems and specialized communication satellites.
Geostationary Orbit (More than 35,000 KM) holds 25%, driven by long-term telecommunication, broadcasting, and weather monitoring applications requiring fixed orbital positioning.

By Type

Full Electric satellites lead the market with 60% share, fueled by advantages such as reduced launch mass, lower propulsion costs, extended operational life, and increased payload capacity.
Hybrid satellites account for 40%, supported by their balanced performance combining chemical and electric propulsion, particularly in missions requiring higher thrust during orbit-raising and maneuvering.

By Size

Small Satellites (Up to 250 KG) dominate with 50% share, driven by the growth of satellite constellations, cost-efficient launches, and increasing demand for rapid deployment across commercial and government missions.
Medium Satellites (250-500 KG) hold 30%, supported by enhanced payload capabilities and flexible mission profiles.
Large Satellites (More than 500 KG) account for 20%, primarily used in high-capacity communication, defense, and deep-space missions.

By Application

Telecommunication leads the market with 30% share, driven by rising demand for broadband connectivity, satellite internet services, and global communication coverage.
Earth Observation & Sciences account for 25%, supported by climate monitoring, disaster management, agriculture analytics, and environmental surveillance.
Navigation holds 15%, driven by GNSS modernization and defense applications.
Astronomy represents 10%, supported by scientific research missions.
Interplanetary & Space Exploration accounts for 10%, fueled by increasing deep-space missions and international space programs.
Others hold 10%, including technology demonstration and experimental missions.

By End-User

Commercial end-users dominate with 65% share, driven by private-sector investments, satellite constellation deployments, and increasing demand for data-driven services.
Government end-users account for 35%, supported by defense, national security, space research, and public-sector communication initiatives.

By Region

North America - 40% Share
North America leads the market due to strong presence of satellite manufacturers, launch service providers, defense agencies, and increasing private investments in space technologies, particularly in the U.S.

Europe - 25% Share
Europe accounts for 25%, supported by ESA-led programs, satellite navigation initiatives, and strong commercial satellite manufacturing capabilities across Germany, France, and the U.K.

Asia-Pacific - 20% Share
Asia-Pacific holds 20%, driven by expanding space programs in China, India, and Japan, rising commercial satellite launches, and growing investments in space exploration.

South America - 8% Share
South America represents 8%, supported by increasing adoption of satellite communication and Earth observation services for agriculture, environmental monitoring, and connectivity.

Middle East & Africa - 7% Share
Middle East & Africa account for 7%, driven by growing investments in space infrastructure, national satellite programs, and expanding demand for communication and remote sensing services.

FAQ

What is the current size of the Electric Propulsion Satellites Films Market?

A: In 2023, the Electric Propulsion Satellites Films Market was valued at US$39.10 billion, reflecting its strong industry presence.

Q2: How large is the Electric Propulsion Satellites Films Market expected to be by 2031?

A: By 2031, industry forecasts suggest the Electric Propulsion Satellites Films Market will grow to around US$95.23 billion, demonstrating significant expansion.

Q3: What is the growth rate of the Electric Propulsion Satellites Films Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 11.77% during the forecast period from 2024 to 2031.

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