Dublin, Jan. 21, 2026 (GLOBE NEWSWIRE) — The “Satellite Propulsion System Market Report 2026” has been added to ResearchAndMarkets.com’s offering.
The satellite propulsion system market is experiencing significant growth, projected to increase from $5.93 billion in 2025 to $6.92 billion in 2026, with a compound annual growth rate (CAGR) of 16.6%. This surge is driven by the rising demand for reliable station-keeping propulsion systems, the adoption of hydrazine monopropellant thrusters for orbital maneuvers, and advancements in chemical propulsion technologies enhancing thrust efficiency. Furthermore, the expansion of commercial and government satellite programs is boosting demand for components such as propellers and turbines, while the need for orbit adjustment and attitude control in communication and earth observation satellites grows.
Looking forward, the satellite propulsion system market is anticipated to reach $12.22 billion by 2030, with a CAGR of 15.3%. Growth factors include the adoption of electric propulsion systems for improved fuel efficiency, increased demand for lightweight and high-performance solutions for mega-constellations, and hybrid technologies enabling flexible mission profiles. The rising number of satellite launches demands advanced propulsion subsystems, while initiatives in in-orbit servicing and debris mitigation foster demand for precise maneuvering systems. Trends forecasted for this period include increased electric propulsion adoption, deployment of green propellants, and the rise of small satellites requiring compact modules.
The expansion of satellite propulsion systems is supported by space exploration advancements. This growth is fueled by increased scientific discovery, commercial opportunities, and technological progress in space technologies. For instance, January 2025 data from Space Foundation showed a 16% increase in orbital launch attempts in 2024. Advanced propulsion systems are crucial for deep-space mission capabilities, enabling travel and controlled landings.
Companies are innovating in the satellite propulsion systems market. For example, APT Satellite Holdings launched APSTAR-6E in January 2023, featuring China’s first all-electric satellite with high-power electric propulsion. This satellite is equipped with ion and Hall-effect technology, offering a 15-year operational lifespan and enhanced communication services for Southeast Asia. In June 2023, Anduril Industries acquired Adranos, aiming to supply solid rocket motors for defense contractors, enhancing competition in a market dominated by Northrop Grumman and Aerojet Rocketdyne.
Key players in the satellite propulsion system market include Airbus SAS, Aerojet Rocketdyne Holdings Inc., Moog Inc., Exotrail SA, Northrop Grumman Corporation, and Lockheed Martin Corporation. North America was the largest market region in 2025.
Trade relations and global tariffs are impacting the market. Increased tariffs on aerospace components elevate production costs, although they may encourage localized manufacturing. This comprehensive market report provides a detailed analysis of trends, regional shares, competitors, and future scenarios, offering insights essential for thriving in the satellite propulsion system industry.
The market covers chemical, electric, and hybrid propulsion categories, with satellites in various orbits serving commercial, scientific, national security, and meteorological applications. Significant countries covered include the USA, China, India, and Germany, among others. The market consists of sales of turbines, hydrazine monopropellants, and related services, valued at ‘factory gate’ prices.
Report Scope:
Markets Covered:
- Type: Chemical Propulsion; Electric Propulsion; Hybrid Propulsion; Others
- Orbit: Low Earth Orbit (LEO); Medium Earth Orbit (MEO); Geostationary Earth Orbit (GEO); Beyond Geosynchronous Orbit
- Application: Commercial Use; Science and Environment; National Security and Military; Meteorology; Others
Subsegments:
- Chemical Propulsion: MMH, Hydrazine, Hypergolic Propellants, Solid Propellant Systems
- Electric Propulsion: Ion Thrusters, Hall Effect Thrusters, Pulsed Plasma Thrusters
- Hybrid Propulsion: Hybrid Rocket Motors, Hybrid Electric Propulsion Systems
- Others: Cold Gas Thrusters, Green Propulsion Systems, Solar Sail Propulsion
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2026 – 2030 |
| Estimated Market Value (USD) in 2026 | $6.92 Billion |
| Forecasted Market Value (USD) by 2030 | $12.22 Billion |
| Compound Annual Growth Rate | 15.3% |
| Regions Covered | Global |
Companies Featured
- Airbus SAS
- Aerojet Rocketdyne Holdings Inc.
- Moog Inc.
- Busek Co Inc.
- Bellatrix Aerospace Private Limited
- Exotrail SA
- ENPULSION GmbH
- Cobham Limited
- Ball Corporation
- The Boeing Company
- Mitsubishi Electric Corporation
- OHB System AG
- Safran S A
- Thales Group
- Northrop Grumman Corporation
- CU Aerospace
- Rocket Lab
- Rafael Advanced Defense Systems Ltd.
- Ariane Group
- General Dynamics Mission Systems
- Blue Origin
- Lockheed Martin Corporation
- Bradford Space
- Sierra Nevada Corporation
- Clyde Space Ltd.
- Comtech AeroAstro Inc.
- Dawn Aerospace
- Deep Space Industries
- Firefly Aerospace
- General Atomics Electromagnetic Systems
For more information about this report visit https://www.researchandmarkets.com/r/ij7bb4
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- Satellite Propulsion System Market
