Transportation News and Press release service

Home > Transportation News
  • Aerospace News
  • Air Services News
  • Airlines News
  • Auto Dealership
  • Auto Manufacturers
  • Auto Parts News
  • Railroad News
  • Shipping News

    Watch Transportation News Video

  • Commercial and Military Applications Propel Space Propulsion Market Expansion

    (, July 10, 2024 ) The Space Propulsion Market is poised for significant growth, projected to reach USD 18.1 billion by 2028 from USD 10.6 billion in 2023, marking a CAGR of 11.3%. The market's expansion is driven by the increasing demand for advanced electric propulsion systems, significant investments in space exploration, and the growing use of small satellites in commercial and military applications.

    Key Market Segments




    Small Satellites

    Medium Satellites

    Large Satellites

    Launch Vehicle

    Download PDF Brochure @

    Medium satellites are expected to grow at a notable CAGR due to their extensive use in climate monitoring, Earth observation, scientific research, and security applications. They range from 500 kg to 2,500 kg in mass and, although more costly than small satellites, offer greater functionality.

    Propulsion Type

    Chemical Propulsion

    Non-Chemical Propulsion

    Electric/Ion Propulsion

    Solar Propulsion

    Tether Propulsion

    Nuclear Propulsion

    Laser Propulsion

    Electric propulsion dominates the non-chemical segment, favored for its efficient fuel usage and high exhaust speed. Despite producing lower thrust than chemical propulsion, it offers sustained propulsion over long durations, making it ideal for deep-space missions.



    Propellant Feed System


    Regional Insights

    Asia Pacific

    The Asia Pacific region is anticipated to lead the market during the forecast period. Initiatives like the Asia Pacific Regional Space Agency Forum (APRSAF) foster growth through capacity building and technological advancements. Countries in the region are focusing on innovation in small and cube satellites, as well as the development of reusable launch vehicles.

    Major Market Players

    Key players in the space propulsion market include:

    Safran S.A. (France)

    SpaceX (US)

    L3Harris Technologies Inc. (US)

    IHI Corporation (Japan)

    Northrop Grumman Corporation (US)

    These companies boast advanced manufacturing facilities and robust distribution networks across major regions including North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

    Ask for Sample Report @

    About MarketsandMarkets

    MarketsandMarkets has been recognized as one of Americas best management consulting firms by Forbes, as per their recent report.

    MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

    Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

    The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

    Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.


    Mr. Rohan Salgarkar


    Source: EmailWire.Com


    Transportation Resources

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at
    Copyright 2007 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net - Newswire and Press Release service of GroupWeb Media LLC