The satellite propulsion market is projected to reach US$ 26,074.53 million by 2031 from US$ 8,424.55 million in 2023; the market is expected to register a CAGR of 15.4% during 2023–2031.
The growing space sector, owing to the rising number of satellites launches and the increasing number of strategic initiatives by market players, positively impacts the global satellite propulsion market. In addition, the growing focus on deploying satellite constellations, increasing investments in the space sector, and the rising adoption of rideshare services boost the demand for propulsion systems for satellites.
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The List of Companies – Satellite Propulsion Market
- Moog Inc.
- ArianeGroup
- Northrop Grumman Corporation
- Thales SA
- Airbus SE
- IHI Corp.
- Bellatrix
- Aerospace Private Limited
- Busek, Co. Ltd.
- Safran S.A.
- Avio S.p.A