North America Satellite Propulsion Market Forecast to 2031

At 14.3% CAGR, North America Satellite Propulsion Market is Projected to be Worth US$ 9,307.63 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the North America satellite propulsion market was valued at US$ 3,196.51 million in 2023 and is expected to reach US$ 9,307.63 million by 2031, registering a CAGR of 14.3% from 2023 to 2031. Rising number of strategic initiatives by market players and growing initiatives to launch space landers, spacecraft, and space tugs are among the critical factors attributed to drive the North America satellite propulsion market growth.

Companies operating in the satellite propulsion market, including Exotrail SA, Thales Group, Bellatrix Aerospace Private Limited, and others, are majorly focusing on new product development in alliance with space and satellite research organizations. In 2023, Neumann Space announced that its propulsion system, Neumann Drive, accomplished its first space mission from Vandenberg Space Force Base in California through the SpaceX Falcon 9 rocket (Transporter-8). In 2023, NASA awarded a contract to Aerojet Rocketdyne to fabricate a new type of electric propulsion system for deep space exploration operations. Thus, the growing new product development in the satellite propulsion sphere is anticipated to propel the growth of the satellite propulsion market over the forecast period.

On the contrary, increasing space debris hampers the growth of North America satellite propulsion market.

Based on propulsion type, the North America satellite propulsion market is segmented solid propulsion, cold gas propulsion, green propulsion, electric propulsion, and ambipolar propulsion. The electric propulsion segment held 49.5% market share in 2023, amassing US$ 1,583.18 million. It is projected to garner US$ 4,494.76 million by 2031 to register 13.9% CAGR during 2023-2031.

In terms of system type, the North America satellite propulsion market is categorized into monopropellant, bipropellant, and electric ion propulsion. The electric ion propulsion segment held 54.5% share of North America satellite propulsion market in 2023, amassing US$ 1,742.66 million. It is anticipated to garner US$ 5,246.82 million by 2031 to expand at 14.8% CAGR during 2023-2031.

By application, the North America satellite propulsion market is segmented into launchers, spacecraft, satellites, space tugs, and landers. The spacecraft segment held 40.1% market share in 2023, amassing US$ 1,281.63 million. It is projected to garner US$ 3,617.46 million by 2031 to register 13.8% CAGR during 2023-2031. The satellites is further sub segmented into Below 500 Kg, 500-1000 Kg, and Above 1000 Kg.

In terms of orbit type, the North America satellite propulsion market is categorized into LEO, MEO and GEO, and beyond GEO Kg. The LEO segment held 75.8% market share in 2023, amassing US$ 2,422.42 million. It is projected to garner US$ 7,299.09 million by 2031 to register 14.8% CAGR during 2023-2031.

By country, the North America satellite propulsion market is bifurcated into the US and Canada. Our regional analysis states that the US captured 81.1% share of North America satellite propulsion market in 2023. It was assessed at US$ 2,591.44 million in 2023 and is likely to hit US$ 7,760.96 million by 2030, registering a CAGR of 14.7% during 2023-2031.

Key players operating in the North America satellite propulsion market are Moog Inc, Thales SA, Safran SA, Northrop Grumman Corp, Airbus SE, IHI Corp, and ArianeGroup, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America satellite propulsion market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the North America satellite propulsion market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the North America satellite propulsion market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Satellite Propulsion Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.3.1 Component Manufacturer:
4.3.2 Satellite Propulsion System Providers:
4.3.3 End User:
4.3.4 List of Vendors in the Value Chain
4.4 Premium Insights
4.4.1 Lunar Lander Propulsion Analysis
5. North America Satellite Propulsion Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Number of Satellite Launches
5.1.2 Growing Initiatives to Launch Space Landers, Spacecraft, and Space Tugs
5.1.3 Rising Number of Strategic Initiatives by Market Players
5.2 Market Restraints
5.2.1 Increasing Space Debris
5.2.2 Complexity of Space Policy and International Relations
5.3 Market Opportunities
5.3.1 Deployment of Satellite Constellations
5.3.2 Rising Number of Strategic Initiatives for Satellite Launch Vehicles by Market Players
5.4 Future Trends
5.4.1 Emergence of Ridesharing Services
5.5 Impact of Drivers and Restraints:
6. Satellite Propulsion Market – North America Analysis
6.1 North America Satellite Propulsion Market Revenue (US$ Million), 2021-2031
6.2 North America Satellite Propulsion Market Forecast Analysis
7. North America Satellite Propulsion Market Analysis – by Propulsion Type
7.1 Solid Propulsion
7.1.1 Overview
7.1.2 Solid Propulsion: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Cold Gas Propulsion
7.2.1 Overview
7.2.2 Cold Gas Propulsion: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Green Propulsion
7.3.1 Overview
7.3.2 Green Propulsion: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Electric Propulsion
7.4.1 Overview
7.4.2 Electric Propulsion: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Ambipolar Propulsion
7.5.1 Overview
7.5.2 Ambipolar Propulsion: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
8. North America Satellite Propulsion Market Analysis – by System Type
8.1 Monopropellant
8.1.1 Overview
8.1.2 Monopropellant: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Bipropellant
8.2.1 Overview
8.2.2 Bipropellant: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Electric Ion Propulsion
8.3.1 Overview
8.3.2 Electric Ion Propulsion: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
9. North America Satellite Propulsion Market Analysis – by Application
9.1 Launchers
9.1.1 Overview
9.1.2 Launchers: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Spacecraft
9.2.1 Overview
9.2.2 Spacecraft: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Satellites
9.3.1 Overview
9.3.2 Below 500 Kg
9.3.3 500-1000 Kg
9.3.4 Above 1000 Kg
9.3.5 Satellites: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Space Tugs
9.4.1 Overview
9.4.2 Space Tugs: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
9.5 Landers
9.5.1 Overview
9.5.2 Landers: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
10. North America Satellite Propulsion Market Analysis – by Orbit Type
10.1 LEO
10.1.1 Overview
10.1.2 LEO: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
10.2 MEO and GEO
10.2.1 Overview
10.2.2 MEO and GEO: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
10.3 Beyond GEO
10.3.1 Overview
10.3.2 Beyond GEO: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
11. North America Satellite Propulsion Market – Country Analysis
11.1 North America
11.1.1 North America Satellite Propulsion Market – Revenue and Forecast Analysis – by Country
11.1.1.1 North America Satellite Propulsion Market – Revenue and Forecast Analysis – by Country
11.1.1.2 US Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
11.1.1.2.1 US Satellite Propulsion Market Breakdown, by Propulsion Type
11.1.1.2.2 US Satellite Propulsion Market Breakdown, by System Type
11.1.1.2.3 US Satellite Propulsion Market Breakdown, by Application
11.1.1.2.3.1 US Satellite Propulsion Market Breakdown, by Satellites
11.1.1.2.4 US Satellite Propulsion Market Breakdown, by Orbit Type
11.1.1.3 Canada Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
11.1.1.3.1 Canada Satellite Propulsion Market Breakdown, by Propulsion Type
11.1.1.3.2 Canada Satellite Propulsion Market Breakdown, by System Type
11.1.1.3.3 Canada Satellite Propulsion Market Breakdown, by Application
11.1.1.3.3.1.1 Canada Satellite Propulsion Market Breakdown, by Satellites
11.1.1.3.4 Canada Satellite Propulsion Market Breakdown, by Orbit Type
12. Competitive Landscape
12.1 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product Development
14. Company Profiles
14.1 Moog Inc
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Thales SA
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Safran SA
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Northrop Grumman Corp
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Airbus SE
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 IHI Corp
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 ArianeGroup
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
15. Appendix
15.1 About The Research Team

LIST OF TABLES

Table 1. North America Satellite Propulsion Market Segmentation
Table 2. List of Vendors
Table 3. North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Propulsion Type
Table 5. North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million) – by System Type
Table 6. North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 7. North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Satellites
Table 8. North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Orbit Type
Table 9. North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 10. US Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Propulsion Type
Table 11. US Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million) – by System Type
Table 12. US Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 13. US Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Satellites
Table 14. US Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Orbit Type
Table 15. Canada Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Propulsion Type
Table 16. Canada Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million) – by System Type
Table 17. Canada Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 18. Canada Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Satellites
Table 19. Canada Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Orbit Type

LIST OF FIGURES

Figure 1. North America Satellite Propulsion Market Segmentation, by Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. North America Satellite Propulsion Market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Satellite Propulsion Market Revenue (US$ Million), 2021-2031
Figure 6. North America Satellite Propulsion Market Share (%) – by Propulsion Type (2023 and 2031)
Figure 7. Solid Propulsion: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Cold Gas Propulsion: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Green Propulsion: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Electric Propulsion: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Ambipolar Propulsion: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. North America Satellite Propulsion Market Share (%) – by System Type (2023 and 2031)
Figure 13. Monopropellant: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Bipropellant: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Electric Ion Propulsion: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. North America Satellite Propulsion Market Share (%) – by Application (2023 and 2031)
Figure 17. Launchers: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Spacecraft: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Satellites: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Space Tugs: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Landers: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. North America Satellite Propulsion Market Share (%) – by Orbit Type (2023 and 2031)
Figure 23. LEO: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. MEO and GEO: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. Beyond GEO: North America Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 26. North America Satellite Propulsion Market Breakdown, by Key Countries – Revenue (2023) (US$ Million)
Figure 27. North America Satellite Propulsion Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 28. US Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 29. Canada Satellite Propulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 30. Company Positioning & Concentration