Evolving Satellite Propulsion Market: Innovations, Growth Drivers, and Future Prospects (2024–2030)
The Satellite Propulsion Market is witnessing rapid growth, driven by increasing satellite launches, advancements in propulsion technology, and the rising need for efficient space operations. The market is projected to grow from USD 2.60 billion in 2024 to USD 5.19 billion by 2030, at a CAGR of 12.2%. The demand for orbit correction, station-keeping, and deep-space exploration has led to the development...
Expanding Horizons: The Future of the Space Propulsion Market
The Space Propulsion Market is poised for significant growth, projected to reach USD 18.1 billion by 2028 from USD 10.6 billion in 2023, marking a CAGR of 11.3%. The market’s expansion is driven by the increasing demand for advanced electric propulsion systems, significant investments in space exploration, and the growing use of small satellites in commercial and military applications.
Key...