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Space Propulsion - Company Evaluation Report, 2024 (Abridged Report)

Publisher MarketsandMarkets
Published Aug 01, 2025
Length 150 Pages
SKU # MKMK20324335

Description

The Space Propulsion Market Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Space Propulsion Market. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 100 companies, of which the Top 15 Companies were categorized and recognized as the quadrant leaders.

Space propulsion refers to the technology used to generate thrust, enabling spacecraft to navigate and maneuver in outer space. It encompasses a range of systems, including chemical propulsion , which relies on chemical reactions to produce high-velocity exhaust; electric propulsion , which uses electric fields to accelerate ions; and emerging technologies, such as solar sails and nuclear propulsion. These systems are critical for achieving orbital insertion, station-keeping, interplanetary travel, and deorbiting. The components used in space propulsion systems include thrusters , propellant feed systems , rocket motors, nozzles, reactors, propulsion thermal control , and power processing units.

The global space propulsion market has witnessed significant growth, and this trend is expected to continue during the forecast period. The surge in demand for satellite deployment is a primary driving factor, fueled by increased investments in satellite-based Earth observation, defense, and weather monitoring. The inclination toward sustainable space technologies is further influencing propulsion market trends. Governments and space agencies are funding non-chemical propulsion systems such as solar sails, tether propulsion , and nuclear thermal propulsion to reduce dependence on traditional fuels and improve mission efficiency.

The 360 Quadrant maps the Space Propulsion Market companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Space Propulsion Market quadrant. The top criteria for product footprint evaluation included by type (chemical propulsion and non-chemical propulsion) (wired and wireless.) By Platform (satellites, capsules/cargo, interplanetary spacecraft & probes, rovers/spacecraft landers , and launch vehicles.) By Component ( thrusters , propellant feed systems , rocket motors, nozzles, propulsion thermal control , power processing units , and other components thrusters , propellant feed systems , rocket motors, nozzles, propulsion thermal control , power processing units , and other components.) By End User (commercial and government & defense) and support service (design, engineering, operation, and maintenance; hot firing and environmental test execution; and fueling, launch, and ground support.)

Key Players:

Key players operating in the Space Propulsion Market SAFRAN (France), IHI Corporation (Japan), SPACEX (US), Northrop Grumman (US), and L3Harris Technologies, Inc. (US)

SAFRAN

SAFRAN in France specializes in aerospace and defense, offering propulsion systems that include jet engines and rocket engines for commercial, military, and space applications. With subsidiaries like SAFRAN Aero Boosters, and partnerships for technological development, SAFRAN’s product portfolio is extensive. Their focus on electric propulsion systems aligns with market trends toward sustainable solutions.

SPACEX

SPACEX, headquartered in the US, is a prominent player known for its innovative approach to space travel and satellite deployment. Its development of reusable rocket technologies has patented them as leaders in cost-efficient space travel. With a strong presence in both governmental and commercial domains, SPACEX continuously expands its market share through strategic launches and cutting-edge propulsion systems.

Northrop Grumman

Northrop Grumman's expertise lies in integrating complex space systems, benefiting its space propulsion segment. It collaborates with government entities like the US Department of Defense and broadens its market participation through innovation in space technologies. Northrop Grumman's strategic focus on research and development ensures it remains competitive, especially in defense-centric propulsion solutions.

Table of Contents

150 Pages
1 Introduction
1.1 Market Definition
1.2 Stakeholders
2 Executive Summary
3 Market Overview
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Growing Deployment Of Satellites
3.2.1.2 Advancements In Propulsion Technologies
3.2.1.3 Expansion Of Deep-space Missions
3.2.1.4 Need For Advanced Propellants For Long-duration Missions
3.2.2 Restraints
3.2.2.1 High Development And Manufacturing Costs
3.2.2.2 Stringent Regulatory And Safety Standards
3.2.3 Opportunities
3.2.3.1 Increased Government Investments In Space Programs
3.2.3.2 Emergence Of Nuclear Thermal And Nuclear Electric Propulsion
3.2.3.3 Proliferation Of Leo Constellations
3.2.3.4 Surge In Demand For Reusable Launch Vehicles
3.2.4 Challenges
3.2.4.1 Supply Chain Disruptions
3.2.4.2 Rise Of Space Debris
3.3 Trends And Disruptions Impacting Customer Business
3.4 Value Chain Analysis
3.5 Ecosystem Analysis
3.5.1 Prominent Companies
3.5.2 Private And Small Enterprises
3.5.3 End Users
3.6 Technology Analysis
3.6.1 Key Technologies
3.6.1.1 Electric Propulsion Systems
3.6.1.2 Solar Sails
3.6.1.3 Ion Propulsion
3.6.2 Complementary Technologies
3.6.2.1 Heat Management Systems
3.6.2.2 Advanced Propellant Management
3.6.3 Adjacent Technologies
3.6.3.1 Magnetoplasmadynamic Thrusters
3.6.3.2 Autonomous Propulsion
3.7 Key Conferences And Events, 2025
3.8 Technology Roadmap
3.9 Propulsion Mapping Of Satellite Constellations
3.10 Impact Of Generative Ai
3.10.1 Introduction
3.10.2 Adoption Of Ai In Space By Top Countries
3.10.3 Impact Of Ai On Space Industry
3.10.4 Impact Of Ai On Space Propulsion Market
4 Industry Trends
4.1 Introduction
4.2 Technology Trends
4.2.1 Hybrid Propulsion
4.2.2 Nuclear Thermal Propulsion And Nuclear Electric Propulsion
4.2.3 Micro And Nano Propulsion
4.2.4 Plasma Propulsion
4.2.5 Advanced Electric Thruster
4.2.6 Green Propulsion
4.3 Impact Of Mega Trends
4.3.1 Space 4.0
4.3.2 Artificial Intelligence
4.3.3 Additive Manufacturing
4.4 Supply Chain Analysis
4.5 Patent Analysis
5 Competitive Landscape
5.1 Introduction
5.2 Key Player Strategies/Right To Win, 2020–2024
5.3 Revenue Analysis, 2020–2023
5.4 Market Share Analysis, 2023
5.5 Company Evaluation Matrix: Key Players, 2024
5.5.1 Stars
5.5.2 Emerging Leaders
5.5.3 Pervasive Players
5.5.4 Participants
5.5.5 Company Footprint
5.5.5.1 Company Footprint
5.5.5.2 End User Footprint
5.5.5.3 Propulsion Footprint
5.5.5.4 Platform Footprint
5.5.5.5 Region Footprint
5.6 Company Evaluation Matrix: Start-ups/Smes, 2024
5.6.1 Progressive Companies
5.6.2 Responsive Companies
5.6.3 Dynamic Companies
5.6.4 Starting Blocks
5.6.5 Competitive Benchmarking
5.6.5.1 List Of Start-ups/Smes
5.6.5.2 Competitive Benchmarking Of Start-ups/Smes
5.7 Brand/Product Comparison
5.8 Company Valuation And Financial Metrics
5.9 Competitive Scenario
5.9.1 Product Launches
5.9.2 Deals
5.9.3 Others
6 Company Profiles
6.1 Key Players
6.1.1 Safran
6.1.1.1 Business Overview
6.1.1.2 Products Offered
6.1.1.3 Recent Developments
6.1.1.3.1 Deals
6.1.1.3.2 Others
6.1.1.4 Mnm View
6.1.1.4.1 Key Strengths
6.1.1.4.2 Strategic Choices
6.1.1.4.3 Weaknesses And Competitive Threats
6.1.2 Ihi Corporation
6.1.2.1 Business Overview
6.1.2.2 Products Offered
6.1.2.3 Recent Developments
6.1.2.3.1 Deals
6.1.2.4 Mnm View
6.1.2.4.1 Key Strengths
6.1.2.4.2 Strategic Choices
6.1.2.4.3 Weaknesses And Competitive Threats
6.1.3 Spacex
6.1.3.1 Business Overview
6.1.3.2 Products Offered
6.1.3.3 Recent Developments
6.1.3.3.1 Deals
6.1.3.3.2 Others
6.1.3.4 Mnm View
6.1.3.4.1 Key Strengths
6.1.3.4.2 Strategic Choices
6.1.3.4.3 Weaknesses And Competitive Threats
6.1.4 Northrop Grumman
6.1.4.1 Business Overview
6.1.4.2 Products Offered
6.1.4.3 Recent Developments
6.1.4.3.1 Product Launches
6.1.4.3.2 Others
6.1.4.4 Mnm View
6.1.4.4.1 Key Strengths
6.1.4.4.2 Strategic Choices
6.1.4.4.3 Weaknesses And Competitive Threats
6.1.5 L3harris Technologies, Inc.
6.1.5.1 Business Overview
6.1.5.2 Products Offered
6.1.5.3 Recent Developments
6.1.5.3.1 Deals
6.1.5.3.2 Others
6.1.5.4 Mnm View
6.1.5.4.1 Key Strengths
6.1.5.4.2 Strategic Choices
6.1.5.4.3 Weaknesses And Competitive Threats
6.1.6 Moog Inc.
6.1.6.1 Business Overview
6.1.6.2 Products Offered
6.1.6.3 Recent Developments
6.1.6.3.1 Deals
6.1.6.3.2 Others
6.1.7 Rafael Advanced Defense Systems Ltd.
6.1.7.1 Business Overview
6.1.7.2 Products Offered
6.1.8 Lockheed Martin Corporation
6.1.8.1 Business Overview
6.1.8.2 Products Offered
6.1.8.3 Recent Developments
6.1.8.3.1 Deals
6.1.8.3.2 Others
6.1.9 Thales
6.1.9.1 Business Overview
6.1.9.2 Products Offered
6.1.9.3 Recent Developments
6.1.9.3.1 Deals
6.1.9.3.2 Others
6.1.10 Ohb Se
6.1.10.1 Business Overview
6.1.10.2 Products Offered
6.1.10.3 Recent Developments
6.1.10.3.1 Product Launches
6.1.10.3.2 Deals
6.1.10.3.3 Others
6.1.11 Sierra Nevada Corporation
6.1.11.1 Business Overview
6.1.11.2 Products Offered
6.1.11.3 Recent Developments
6.1.11.3.1 Product Launches
6.1.11.3.2 Others
6.1.12 Airbus
6.1.12.1 Business Overview
6.1.12.2 Products Offered
6.1.12.3 Recent Developments
6.1.12.3.1 Deals
6.1.12.3.2 Others
6.1.13 Vacco Industries
6.1.13.1 Business Overview
6.1.13.2 Products Offered
6.1.14 Blue Origin
6.1.14.1 Business Overview
6.1.14.2 Products Offered
6.1.14.3 Recent Developments
6.1.14.3.1 Product Launches
6.1.14.3.2 Deals
6.1.14.3.3 Others
6.1.15 Eaton
6.1.15.1 Business Overview
6.1.15.2 Products Offered
6.1.15.3 Recent Developments
6.1.15.3.1 Deals
6.1.15.3.2 Others
6.2 Other Players
6.2.1 Thrustme
6.2.2 Ursa Major Technologies Inc
6.2.3 Phasefour
6.2.4 Exotrail
6.2.5 Dawn Aerospace
6.2.6 Ast Advanced Space Technologies Gmbh
6.2.7 Stanford Mu Corporation
6.2.8 Manastu Space Technologies Private Limited
6.2.9 Kreios Space
6.2.10 Firefly Aerospace
7 Appendix
7.1 Research Methodology
7.1.1 Research Data
7.1.1.1 Secondary Data
7.1.1.2 Primary Data
7.1.2 Research Assumptions
7.1.3 Research Limitations
7.1.4 Risk Assessment
7.2 Company Evaluation Matrix: Methodology
7.3 Author Details

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