Space Propulsion Market

The space propulsion market encompasses the design, manufacturing, and operation of systems that propel spacecraft and satellites. Key customers include commercial entities like satellite operators and launch service providers, as well as government and defense agencies. The market's growth is driven by the commercialization of the space industry, the development of low-cost reusable launch vehicles, and technological innovations such as electrical propulsion systems.

CAGR

15.5%

Compound Annual Growth Rate

Current Value

$12.5B

Estimated 2026

Projected Value

$39.5B

By 2034

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