Space Propulsion Market Trends: Electric, Chemical, and Nuclear Systems Drive Growth
The global space propulsion market, valued at USD 13.36 billion in 2025, is expected to reach USD 20.02 billion by 2030, growing at a CAGR of 12% during the forecast period. The expansion of Low Earth Orbit (LEO) satellite constellations and the surge in satellite launch activities are major factors fueling this growth. Demand is rising for advanced propulsion technologies...
Global Space Propulsion Market: Growth Outlook & Forecast (2024-2030)
The global space propulsion market is poised for substantial growth, projected to increase from USD 10.21 billion in 2024 to USD 20.02 billion by 2030, reflecting a robust CAGR of 11.9%. This surge is fueled by technological advancements, rising investments in satellite deployments, and increasing government and private sector initiatives. The demand for efficient and sustainable propulsion solutions...