Satellite Propulsion Market by Platform, System, Propulsion
Satellite Propulsion Market by Platform, System, Propulsion
Publish Date: 2026-07-06 04:47:00
Source Domain: www.globenewswire.com
Dublin, July 06, 2026 (GLOBE NEWSWIRE) — The “Satellite Propulsion Market by Platform, System, Propulsion Technology, End User, and Region – Global Forecast to 2031” has been added to ResearchAndMarkets.com’s offering.
The satellite propulsion market is projected to surge, reaching USD 4.66 billion by 2031 from USD 2.07 billion in 2026, marking a robust CAGR of 17.6%. This significant growth is driven by advancements in electric propulsion technology, enhancing the operational efficiency of satellites. New developments in thrusters, power units, and reduced-size propulsion modules are facilitating satellites to carry less fuel, minimizing launch weight, prolonging their operational life, and optimizing functionalities like orbit raising and collision avoidance.
Electric Propulsion as a Leading Segment
The electric propulsion segment is anticipated to dominate the market during the forecast period due to its benefits in decreasing fuel weight and increasing satellite longevity. This technology is crucial for tasks across LEO, MEO, and GEO satellites, such as station keeping, orbit raising, collision avoidance, and controlled deorbiting.
Thrusters Segment to Witness Highest Growth
The thrusters segment is expected to record the highest CAGR from 2026 to 2031. As essential components for satellite movement, orbit correction, and end-of-life management, thrusters are in high demand, particularly with the rise in launches of small satellites and constellations necessitating compact and reliable solutions.
Growth Prospects in the Middle East
The Middle East is set to become the fastest-growing region within the forecast period, attributed to the increasing investment in national space programs, defense satellites, earth observation, and communication infrastructure. The region’s focus on advancing satellite capabilities and space surveillance is spurring demand for sophisticated propulsion systems.
Primary Participants Breakdown in the Satellite…
