Impact Of COVID-19 On Space Propulsion Systems Market Research Report 2025


Market Forecast

 Global Space Propulsion Systems Market is projected to be valued at USD 5.69 Billion by 2025, expanding at a CAGR of 14.8% between 2019 and 2025. The market witnessed significant traction in recent years owing to various countries launching their own earth observatory satellites. Currently, space propulsion technology is in a nascent stage and various efforts by governments and private companies have been made to commercialize different propulsion technologies that are efficient and low cost. Technological breakthroughs such as EmDrive are expected to occur during the forecast period which is expected to change the landscape and dynamics of the space propulsion systems market.

Market USP

Various private companies and government agencies investing in research & development of space technologies.

Growth Opportunities in the Market

Dominance of satellite propulsion systems in the market: The satellite propulsion systems segment dominated the global space propulsion systems market in 2018 and this trend is expected to continue during the forecast period. Moreover, the development of all-electric satellites is expected to drive the segmental growth during the forecast period. Thus, it is expected to replace traditional chemical-based propulsion systems. The satellite propulsion systems accounted for more than 51% share of the space propulsion systems market.

The government expected to actively invest in space technologies: The government segment is expected to register the highest CAGR during the forecast period. Governments are actively launching satellites for earth observation and communication purposes. For instance, US-based Defense Advanced Research Projects Agency (DARPA) launched a small satellite through Rocket Lab, a commercial small satellite launch service provider. The satellite was launched to improve radio communication in the military.

Key Players

Accion Systems Inc. (US)

Aerojet Rocketdyne (US)

Avio SpA (Italy)

Blue Origin (US)

IHI Corporation (Japan)

Moog Inc. (US)

Northrop Grumman Corporation (US)

OHB SE (Germany)

Safran (France)

Sierra Nevada Corporation (US)

Space Exploration Technologies Corporation (US)

Yuzhnoye SDO (Ukraine)

Access Report Details @


Showing 0 results
Your Answer

Please first to submit.

Get involved


As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us


Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs


Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.