According to a market report by Lucintel, the future of the global space propulsion market looks promising with opportunities in the government and defense and commercial markets. The global space propulsion market is expected to reach an estimated $21.2 billion by 2030 with a CAGR of 11.0% from 2024 to 2030. The major drivers for this market are increase in number of space exploration missions, growing demand for satellite data, and introduction of the next-generation propulsion systems like electric propulsion system.

In this market, satellites, capsules/cargo, interplanetary spacecraft & probes, rovers/ spacecraft landers, and launch vehicles are the major segments of space propulsion market by platform.
Lucintel forecasts that rovers/ spacecraft landers is expected to witness highest growth over the forecast period.
Within this market, government and defense will remain the largest segment.

Asia Pacific is expected to witness highest growth over the forecast period.

Thales, Northrop Grumman Corporation, Moog, OHB, Vacco Industries, Space Exploration Technologies, IHI Corporation, Ariane Group, Safran, Corporation, and Accion Systems are the major suppliers in the space propulsion market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]