Space Propulsion Market 2023 - CAGR Status, Major Players, Forecasts 2032

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Space Propulsion Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Space Propulsion Market Segments
The Business Research Company segments its space
propulsion market report as
Chemical Propulsion, Non-chemical Propulsion
By Type
Satellites, Capsules\Cargos, Interplanetary
Spacecraft Probes, Rovers/Spacecraft Landers,
Launch Vehicles
By Platform
By End User
Commercial, Government Defense
Chemical Propulsion Thrusters, Electric
Propulsion Thrusters, Propellant Feed Systems
By System Component
By Application
Low Earth Orbit (LEO), Medium Earth Orbit (MEO),
Geostationary Earth Orbit (GEO)
By Orbit
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Market Statistics
The global space propulsion market size grew from
8.25 billion in 2022 to 9.26 billion in 2023 at
a compound annual growth rate (CAGR) of 12.2.
The space propulsion market size is expected to
grow to 15.56 billion in 2027 at a CAGR of 13.8.
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Key Market Drivers And Trends
Drivers
Increased government investments in space
technology are driving the space propulsion
market.
Trends
Research and development are a key trend gaining
popularity in the space propulsion market.
Region
North America was the largest region in the space
propulsion market in 2022. North America is
expected to be the fastest-growing region in the
forecast period. The regions covered in the space
propulsion report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South
America, Middle East and Africa.
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Key Market Players

• Major players in the space propulsion market are
  
• OHB SE
• Accion System
• Boeing
• MAXAR Technologies
• Thales Alenia Space
• And more.

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