Global Space Propulsion Market Size, Trends and Growth Opportunity, By Propulsion Type (Chemical Propulsion, Non-Chemical Propulsion, Tether Propulsion, Nuclear Propulsion, Laser Propulsion), System Component (Nozzle, Power Processing Unit, Propellant Feed System, Rocket Motors, Thermal Control System, Thrusters), Support Services (Design, Engineering and Operation, Fueling and Launch Support, and Hot Firing, Environmental Test Execution), Orbit (Beyond Geosynchronous Orbit, Geosynchronous Orbit, Low Earth Orbit, Medium Earth Orbit), Platform (Capsule/Cargo, Interplanetary Spacecraft and Probes, Launch Vehicles, Satellite), End-User (Commercial, Satellite Operators and Owners, Space Launch Service Providers, Government and Defense, Department of Defense, National Space Agencies, Others) By Region and forecast till 2027.
Global Space Propulsion Market
Global Space Propulsion Market was valued at USD 8.3 billion in 2021 and is slated to reach at USD 23.74 billion by 2027 at a CAGR of 19.5 % from 2022-2027.
Every approach that is utilized to accelerate manufactured satellites and spacecraft falls within the definition of spacecraft propulsion. Space launch or atmospheric entry are not the same as in-space propulsion, which deals only with propulsion systems employed in vacuum space. The space propulsion market includes businesses that provide related services or sell products used to accelerate manufactured satellites and spacecraft. Rocket engines are typically used to drive spacecraft.
Market Drivers
Sales of satellites are expected to rise as new market participants place a greater emphasis on building LEO spacecraft. It is projected that the satellite will be more widely adopted because of its lower launch costs, cost-effectiveness, and flexibility to use commercially available parts. Moreover, more applications for satellite imaging are projected to fuel market growth. Sales should increase as a result of the product's rising demand from homeland security and national security. These elements could all contribute to the market for space propulsion expanding. In the business sector, demand for space propulsion is rising quickly. The commercial sector is contributing more than three-fourths in the global space propulsion system market owing to the development in space initiatives to support commercial applications worldwide. Hence, it is projected that rising demand for space propulsion in the commercial sector will propel the market's growth rate.
Market Restraints
Over the decades, there has been several space launches by multiple countries worldwide. Space launches are one of the reasons to produce hefty carbon emissions, owing to the combustion of solid rocket fuels. Space launches produce clouds of exhausts, which can dangerously alter the atmosphere. The contamination and chemicals that alumina released during the space launches deplete the ozone layer, owing to the emission of hazardous gases. According to United Nations Development Program report, Unsymmetrical Dimethyl hydrazine (UDMH) is utilized in the space systems as a rocket propellant responsible for transforming into an ecological disaster zone of Kazakh Steppe. The expansion of the space propulsion market is being constrained by a number of issues, including an increase in emissions from space missions and an increase in worries about space debris. These factors will continue to pose challenges to market growth from 2022 to 2027.
Impact of COVID-19
Due to a decline in space dispatches, the market for space propulsion systems suffered a little decline from 2018 to 2019. The import and fare exchange processes have both been hampered by the corona virus in the space industry. But, regular ascent in space will be what drives the demand for space propulsion. The worldwide need for space propulsion systems has significantly decreased as a result of COVID-19's quick proliferation throughout Europe, the US, and Asia-Pacific. Delays in delivery, shutdown of production, a lack of workers at assembly offices, and restricted access to equipment across all business sectors all contributed to the commensurate loss in revenues for many suppliers and specialized organizations. Industry insiders anticipate a rise in demand for space propulsion on a global scale.
Recent Developments
The next-generation nuclear thermal propulsion systems concept, which is expected to speed up and improve the efficiency of deep space exploration, was the subject of a 12-month contract worth USD 5 million each that was signed in July 2021 by a group that included NASA, the U.S. Department of Energy, and various industry players. There were several partners, including Blue Origin, Aerojet Rocketdyne, and Lockheed Martin Company.
NASA awarded a contract to Northrop Grumman Company in March 2021 to provide solid propulsion systems and controls for MAV (Mars Ascent Vehicle), which is scheduled to launch in 2026 together with Rover.
Airbus is taking part in NASA's Orion spacecraft's propulsion system testing in January 2020, which is a significant milestone for the development of space propulsion systems.
Market Segmentation
Global Space Propulsion Market is segmented into By Propulsion Type, System Component, Support Services, Orbit, Platform, End-User. By Propulsion Type such as Chemical Propulsion, Non-Chemical Propulsion, Tether Propulsion, Nuclear Propulsion, Laser Propulsion. By System Component such as Nozzle, Power Processing Unit, Propellant Feed System, Rocket Motors, Thermal Control System, Thrusters. By Support Services such as Design, Engineering and Operation, Fueling and Launch Support, and Hot Firing, Environmental Test Execution. By Orbit such as Beyond Geosynchronous Orbit, Geosynchronous Orbit, Low Earth Orbit, Medium Earth Orbit. By Platform such as Capsule/Cargo, Interplanetary Spacecraft and Probes, Launch Vehicles, Satellite. By End-User such as Commercial, Satellite Operators and Owners, Space Launch Service Providers, Government and Defense, Department of Defense, National Space Agencies, Others.
Regional Analysis
Global Space Propulsion Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Due to the increased need for imaging satellites and commercial communications in this region, North America leads the world in terms of space propulsion market revenue growth. The demand for resupply missions for the International Space Station is also expected to increase, which will accelerate market growth in this area. Over the forecast period of 2022–2027, the Asia–Pacific is expected to experience the quickest rate of development. This is mostly due to an increase in interplanetary observational space exploration missions and the placement of tiny satellites in this area.
Key Players
This report includes a list of numerous Key Players, namely IHI Corporation (Japan), Ball Corporation (U.S.), Dawn Aerospace, Safran (France), Honeywell International Inc. (U.S.), OHB SE (Germany), Airbus (France), Cobham Limited (U.K.), L3Harris Technologies Inc. (U.S.), Thales Group (France).
Market Taxonomy  
By Propulsion Type
• Chemical Propulsion
• Solid
• Homogenous
• Composite/Heterogeneous
• Liquid
• Monopropellant
• Non-Green
• Green
• Bi-Propellant
• Cryogenic
• Hypergolic
• Hybrid
• Cold gas
• Non-Chemical Propulsion
• Electric or Iron Propulsion
• Electrothermal
• Argon
• Hydrogen
• Others
• Electromagnetic
• Pile
• Electrostatic
• Xenon
• Krypton
• Others
• Solar Propulsion
• Solar Sail Propulsion
• Solar Electric Propulsion
• Solar Thermal Propulsion
• Tether Propulsion
• Nuclear Propulsion
• Laser Propulsion
By System Component
• Nozzle
• Power Processing Unit
• Propellant Feed System
• Propellant Tanks
• Monopropellant Tanks
• Bipropellant Tanks
• Oxidiser Tanks
• Flow and Pressure Regulators
• Valves
• Turbopumps
• Combustion Chambers
• Rocket Motors
• Thermal Control System
• Thrusters
• Chemical thrusters
• Cold and Warm gas Thrusters
• Monopropellant Thrusters
• Bipropellant Thruster
• Electric or Iron Thruster
• Gridded Electrostatic Ion thrusters
• Hall Effect Thrusters
• Field-emission Electric Propulsion
• Pulsed Plasma Thruster
By Support Services
• Design
• Engineering and Operation
• Fueling and Launch Support and Hot Firing
• Environmental Test Execution
By Orbit
• Beyond Geosynchronous Orbit
• Geosynchronous Orbit
• Low Earth Orbit
• Medium Earth Orbit
By Platform
• Satellite
• Cubesats
• Small Satellites
• Nanosatellites
• Microsatellites
• Minisatellites
• Medium Satellites (500-2,500kg)
• Large Satellites (>2,500kg)
• Capsules/Cargos
• Crewed Spacecraft or Human Space Flight
• Uncrewed or Unmanned Spacecraft
• Interplanetary Spacecraft and Forbes
• Rovers/Spacecraft Landers
• Launch Vehicles
• Small Launch Vehicles (<350,000Kg)
• Medium to Heavy Launch Vehicles (>350,000Kg)
• Reusable Launch Vehicles
By End-User
• Commercial
• Satellite Operators and Owners
• Space Launch Service Providers
• Government and Defence
• Department of Defence
• National Space Agencies
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.

Global Space Propulsion Market
1 Introduction 
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Space Propulsion Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Space Propulsion Market, By Propulsion Type
5.1 Y-o-Y Growth Comparison, By Propulsion Type
5.2 Global Space Propulsion Market Share Analysis, By Propulsion Type
5.3 Global Space Propulsion Market Size and Forecast, By Propulsion Type
5.3.1 Chemical Propulsion
5.3.2 Solid
5.3.3 Homogenous
5.3.4 Composite/Heterogeneous
5.3.5 Liquid
5.3.6 Monopropellant
5.3.7 Non-Green
5.3.8 Green
5.3.9 Bi-Propellant
5.3.10 Cryogenic
5.3.11 Hypergolic
5.3.12 Hybrid
5.3.13 Cold gas
5.3.14 Non-Chemical Propulsion
5.3.15 Electric or Iron Propulsion
5.3.16 Electrothermal
5.3.17 Argon
5.3.16 Hydrogen
5.3.17 Others
5.3.18 Electromagnetic
5.3.19 Pile
5.3.20 Electrostatic
5.3.21 Xenon
5.3.22 Krypton
5.3.23 Others
5.3.24 Solar Propulsion
5.3.25 Solar Sail Propulsion
5.3.26 Solar Electric Propulsion
5.3.27 Solar Thermal Propulsion
5.3.28 Tether Propulsion
5.3.29 Nuclear Propulsion
5.3.30 Laser Propulsion
6 Global Space Propulsion Market, By System Component
6.1 Y-o-Y Growth Comparison, By System Component
6.2 Global Space Propulsion Market Share Analysis, By System Component
6.3 Global Space Propulsion Market Size and Forecast, By System Component
6.3.1 Nozzle
6.3.2 Power Processing Unit
6.3.3 Propellant Feed System
6.3.4 Propellant Tanks
6.3.5 Monopropellant Tanks
6.3.6 Bipropellant Tanks
6.3.7 Oxidiser Tanks
6.3.8 Flow and Pressure Regulators
6.3.9 Valves
6.3.10 Turbopumps
6.3.11 Combustion Chambers
6.3.12 Rocket Motors
6.3.13 Thermal Control System
6.3.14 Thrusters
6.3.15 Chemical thrusters
6.3.16 Cold and Warm gas Thrusters
6.3.17 Monopropellant Thrusters
6.3.18 Bipropellant Thruster
6.3.19 Electric or Iron Thruster
6.3.20 Gridded Electrostatic Ion thrusters
6.3.21 Hall Effect Thrusters
6.3.22 Field-emission Electric Propulsion
6.3.23 Pulsed Plasma Thruster
7 Global Space Propulsion Market, By Support Services
7.1 Y-o-Y Growth Comparison, By Support Services
7.2 Global Space Propulsion Market Share Analysis, By Support Services
7.3 Global Space Propulsion Market Size and Forecast, By Support Services
7.3.1 Design
7.3.2 Engineering and Operation
7.3.3 Fueling and Launch Support and Hot Firing
7.3.4 Environmental Test Execution 
8 Global Space Propulsion Market, By Orbit
8.1 Y-o-Y Growth Comparison, By Orbit
8.2 Global Space Propulsion Market Share Analysis, By Orbit
8.3 Global Space Propulsion Market Size and Forecast, By Orbit
8.3.1 Beyond Geosynchronous Orbit
8.3.2 Geosynchronous Orbit
8.3.3 Low Earth Orbit
8.3.4 Medium Earth Orbit
9 Global Space Propulsion Market, By Platform
9.1 Y-o-Y Growth Comparison, By Platform
9.2 Global Space Propulsion Market Share Analysis, By Platform
9.3 Global Space Propulsion Market Size and Forecast, By Platform
9.3.1 Satellite
9.3.2 Cubesats
9.3.3 Small Satellites
9.3.4 Nanosatellites
9.3.5 Microsatellites
9.3.6 Minisatellites
9.3.7 Medium Satellites (500-2,500kg)
9.3.8 Large Satellites (>2,500kg)
9.3.9 Capsules/Cargos
9.3.10 Crewed Spacecraft or Human Space Flight
9.3.11 Uncrewed or Unmanned Spacecraft
9.3.12 Interplanetary Spacecraft and Forbes
9.3.13 Rovers/Spacecraft Landers
9.3.14 Launch Vehicles
9.3.15 Small Launch Vehicles (<350,000Kg)
9.3.16 Medium to Heavy Launch Vehicles (>350,000Kg)
9.3.17 Reusable Launch Vehicles
10 Global Space Propulsion Market, By End-User
10.1 Y-o-Y Growth Comparison, By End-User
10.2 Global Space Propulsion Market Share Analysis, By End-User
10.3 Global Space Propulsion Market Size and Forecast, By End-User
10.3.1 Commercial
10.3.2 Satellite Operators and Owners
10.3.3 Space Launch Service Providers
10.3.4 Government and Defence
10.3.5 Department of Defence
10.3.6 National Space Agencies
10.3.7 Others
11Global Space Propulsion Market, By Region
11.1 Global Space Propulsion Market Share Analysis, By Region
11.2 Global Space Propulsion Market Share Analysis, By Region
11.3 Global Space Propulsion Market Size and Forecast, By Region
12 North America Space Propulsion Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 North America Space Propulsion Market Share Analysis, By Propulsion Type
12.3 North America Space Propulsion Market Size and Forecast, By System Component
12.4 North America Space Propulsion Market Size and Forecast, By Support Services
12.5 North America Space Propulsion Market Size and Forecast, By Orbit
12.6 North America Space Propulsion Market Size and Forecast, By Platform
12.7 North America Space Propulsion Market Size and Forecast, By End-User
12.8 North America Space Propulsion Market Size and Forecast, By Country
12.8.1 U.S.
12.8.2 Canada
12.8.3 Mexico
13 Europe Space Propulsion Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Europe Space Propulsion Market, Share Analysis, By Propulsion Type
13.3 Europe Space Propulsion Market, Size and Forecast, By System Component
13.4 Europe Space Propulsion Market, Size and Forecast, By Orbit
13.5 Europe Space Propulsion Market, Size and Forecast, By Support Services
13.6 Europe Space Propulsion Market, Size and Forecast, By Platform
13.7 Europe Space Propulsion Market, Size and Forecast, By End-User
13.8 Europe Space Propulsion Market, Size and Forecast, By Country
13.8.1 Germany
13.8.2 France
13.8.3 UK
13.8.4. Rest of Europe
14Asia Pacific Space Propulsion Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Asia Pacific Space Propulsion Market, Share Analysis, By Propulsion Type
14.3 Asia Pacific Space Propulsion Market, Size and Forecast, By System Component
14.4 Asia Pacific Space Propulsion Market, Size and Forecast, By Orbit
14.5 Asia Pacific Space Propulsion Market, Size and Forecast, By Support Services
14.6 Asia Pacific Space Propulsion Market, Size and Forecast, By Platform
14.7Asia Pacific Space Propulsion Market, Size and Forecast, By End-User
14.8 Asia Pacific Space Propulsion Market, Size and Forecast, By Country
14.8.1 China 
14.8.2 Japan
14.8.3 India
14.8.4. Rest of Asia Pacific
15Latin America Space Propulsion Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Latin America Space Propulsion Market, Share Analysis, By Propulsion Type
15.3 Latin America Space Propulsion Market, Size and Forecast, By System Component
15.4 Latin America Space Propulsion Market, Size and Forecast, By Orbit
15.5 Latin America Space Propulsion Market, Size and Forecast, By Support Services
15.6 Latin America Space Propulsion Market, Size and Forecast, By Platform
15.7 Latin America Space Propulsion Market, Size and Forecast, By End-User
15.8 Latin America Space Propulsion Market, Size and Forecast, Country
15.8.1. Brazil
15.8.2.Rest of Latin America
16Middle East Space Propulsion Market Analysis and Forecast (2022-2027)
16.1 Introduction
16.2 Middle East Space Propulsion Market, Share Analysis, By Propulsion Type
16.3 Middle East Space Propulsion Market, Size and Forecast, By System Component
16.4 Middle East Space Propulsion Market, Size and Forecast, By Orbit
16.5 Middle East Space Propulsion Market, Size and Forecast, By Support Services
16.6 Middle East Space Propulsion Market, Size and Forecast, By Platform
16.7 Middle East Space Propulsion Market, Size and Forecast, By End-User
16.8 Middle East Space Propulsion Market, Size and Forecast, By Country
16.8.1. Saudi Arabia
16.8.2. UAE
16.8.3. Egypt
16.8.4. Kuwait
16.8.5. South Africa
17Competitive Analysis
17.1 Competition Dashboard
17.2 Market share Analysis of Top Vendors
17.3 Key Development Strategies
18 Company Profiles
18.1 IHI Corporation (Japan)
18.1.1 Overview
18.1.2 Offerings
18.1.3 Key Financials
18.1.4 Business Segment & Geographic Overview
18.1.5 Key Market Developments
18.1.6 Key Strategies
18.2 Dawn Aerospace
18.2.1 Overview
18.2.2 Offerings
18.2.3 Key Financials
18.2.4 Business Segment & Geographic Overview
18.2.5 Key Market Developments
18.2.6 Key Strategies
18.3 Safran (France)
18.3.1 Overview
18.3.2 Offerings
18.3.3 Key Financials
18.3.4 Business Segment & Geographic Overview
18.3.5 Key Market Developments
18.3.6 Key Strategies
18.4 Honeywell International Inc. (U.S.)
18.4.1 Overview
18.4.2 Offerings
18.4.3 Key Financials
18.4.4 Business Segment & Geographic Overview
18.4.5 Key Market Developments
18.4.6 Key Strategies
18.5 Ball Corporation (U.S.)
18.5.1 Overview
18.5.2 Offerings
18.5.3 Key Financials
18.5.4 Business Segment & Geographic Overview
18.5.5 Key Market Developments
18.5.6 Key Strategies
18.6 OHB SE (Germany)
18.6.1 Overview
18.6.2 Offerings
18.6.3 Key Financials
18.6.4 Business Segment & Geographic Overview
18.6.5 Key Market Developments
18.6.6 Key Strategies
18.7 Airbus (France)
18.7.1 Overview
18.7.2 Offerings
18.7.3 Key Financials
18.7.4 Business Segment & Geographic Overview
18.7.5 Key Market Developments
18.7.6 Key Strategies 
18.8 Cobham Limited (U.K.)
18.8.1 Overview
18.8.2 Offerings
18.8.3 Key Financials
18.8.4 Business Segment & Geographic Overview
18.8.5 Key Market Developments
18.8.6 Key Strategies
18.9 L3Harris Technologies Inc. (U.S.)
18.9.1 Overview
18.9.2 Offerings
18.9.3 Key Financials
18.9.4 Business Segment & Geographic Overview
18.9.5 Key Market Developments
18.9.6 Key Strategies
18.10 Thales Group (France)
18.10.1 Overview
18.10.2 Offerings
18.10.3 Key Financials
18.10.4 Business Segment & Geographic Overview
18.10.5 Key Market Developments
18.10.6 Key Strategies