Global Spacecraft Electric Propulsion Units Market Growth 2025-2031
Description
The global Spacecraft Electric Propulsion Units market size is predicted to grow from US$ 1653 million in 2025 to US$ 2667 million in 2031; it is expected to grow at a CAGR of 8.3% from 2025 to 2031.
Spacecraft Electric Propulsion (EP) Units are advanced propulsion systems that use electrical energy (typically from solar panels or nuclear power) to ionize and accelerate propellant, generating thrust for spacecraft. Unlike traditional chemical rockets, EP systems provide higher fuel efficiency (specific impulse) but lower thrust, making them ideal for long-duration missions, station-keeping, and deep-space exploration.
United States market for Spacecraft Electric Propulsion Units is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Spacecraft Electric Propulsion Units is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Spacecraft Electric Propulsion Units is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Spacecraft Electric Propulsion Units players cover Safran, Northrop Grumman, Aerojet Rocketdyne, ArianeGroup, IHI Corporation, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Spacecraft Electric Propulsion Units Industry Forecast” looks at past sales and reviews total world Spacecraft Electric Propulsion Units sales in 2024, providing a comprehensive analysis by region and market sector of projected Spacecraft Electric Propulsion Units sales for 2025 through 2031. With Spacecraft Electric Propulsion Units sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Spacecraft Electric Propulsion Units industry.
This Insight Report provides a comprehensive analysis of the global Spacecraft Electric Propulsion Units landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Spacecraft Electric Propulsion Units portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Spacecraft Electric Propulsion Units market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Spacecraft Electric Propulsion Units and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Spacecraft Electric Propulsion Units.
This report presents a comprehensive overview, market shares, and growth opportunities of Spacecraft Electric Propulsion Units market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Electrothermal
Electrostatic
Electromagnetic
Segmentation by Application:
Nano Satellite
Microsatellite
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Safran
Northrop Grumman
Aerojet Rocketdyne
ArianeGroup
IHI Corporation
CASC
OHB System
SpaceX
Thales
Lockheed Martin
Rafael
Busek
Avio
Rolls-Royce Holdings
Aerospace Corporation
Key Questions Addressed in this Report
What is the 10-year outlook for the global Spacecraft Electric Propulsion Units market?
What factors are driving Spacecraft Electric Propulsion Units market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Spacecraft Electric Propulsion Units market opportunities vary by end market size?
How does Spacecraft Electric Propulsion Units break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Spacecraft Electric Propulsion (EP) Units are advanced propulsion systems that use electrical energy (typically from solar panels or nuclear power) to ionize and accelerate propellant, generating thrust for spacecraft. Unlike traditional chemical rockets, EP systems provide higher fuel efficiency (specific impulse) but lower thrust, making them ideal for long-duration missions, station-keeping, and deep-space exploration.
United States market for Spacecraft Electric Propulsion Units is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Spacecraft Electric Propulsion Units is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Spacecraft Electric Propulsion Units is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Spacecraft Electric Propulsion Units players cover Safran, Northrop Grumman, Aerojet Rocketdyne, ArianeGroup, IHI Corporation, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Spacecraft Electric Propulsion Units Industry Forecast” looks at past sales and reviews total world Spacecraft Electric Propulsion Units sales in 2024, providing a comprehensive analysis by region and market sector of projected Spacecraft Electric Propulsion Units sales for 2025 through 2031. With Spacecraft Electric Propulsion Units sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Spacecraft Electric Propulsion Units industry.
This Insight Report provides a comprehensive analysis of the global Spacecraft Electric Propulsion Units landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Spacecraft Electric Propulsion Units portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Spacecraft Electric Propulsion Units market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Spacecraft Electric Propulsion Units and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Spacecraft Electric Propulsion Units.
This report presents a comprehensive overview, market shares, and growth opportunities of Spacecraft Electric Propulsion Units market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Electrothermal
Electrostatic
Electromagnetic
Segmentation by Application:
Nano Satellite
Microsatellite
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Safran
Northrop Grumman
Aerojet Rocketdyne
ArianeGroup
IHI Corporation
CASC
OHB System
SpaceX
Thales
Lockheed Martin
Rafael
Busek
Avio
Rolls-Royce Holdings
Aerospace Corporation
Key Questions Addressed in this Report
What is the 10-year outlook for the global Spacecraft Electric Propulsion Units market?
What factors are driving Spacecraft Electric Propulsion Units market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Spacecraft Electric Propulsion Units market opportunities vary by end market size?
How does Spacecraft Electric Propulsion Units break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
109 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Spacecraft Electric Propulsion Units by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Spacecraft Electric Propulsion Units by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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