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Space Propulsion - Company Evaluation Report, 2024- Product Image
Space Propulsion - Company Evaluation Report, 2024- Product Image
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Space Propulsion - Company Evaluation Report, 2024

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    Report

  • 150 Pages
  • August 2025
  • Region: Global
  • Markets and Markets
  • ID: 6163794
Description Jump to:
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. The analyst's '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

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 Analyst's 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 Analyst's 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 Analyst's 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 Analyst's 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 Analyst's 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
List of Tables
Table 1 Advanced Technologies Used in Space Propulsion Systems
Table 2 Role of Companies in Ecosystem
Table 3 Key Conferences and Events, 2025
Table 4 Propulsion Mapping of Satellite Constellations
Table 5 Types of Plasma Propulsion Technologies
Table 6 Cost Comparison of Green Propellant Technologies
Table 7 Patent Analysis
Table 8 Key Player Strategies/Right to Win, 2020-2024
Table 9 Space Propulsion Market: Degree of Competition
Table 10 End-user Footprint
Table 11 Type Footprint
Table 12 Platform Footprint
Table 13 Region Footprint
Table 14 List of Start-Ups/SMEs
Table 15 Competitive Benchmarking of Start-Ups/SMEs
Table 16 Space Propulsion Market: Product Launches, 2020-2024
Table 17 Space Propulsion Market: Deals, 2020-2024
Table 18 Space Propulsion Market: Others, 2020-2024
Table 19 Safran: Company Overview
Table 20 Safran: Products Offered
Table 21 Safran: Deals
Table 22 Safran: Others
Table 23 Ihi Corporation: Company Overview
Table 24 Ihi Corporation: Products Offered
Table 25 Ihi Corporation: Deals
Table 26 Spacex: Company Overview
Table 27 Spacex: Products Offered
Table 28 Spacex: Deals
Table 29 Spacex: Others
Table 30 Northrop Grumman: Company Overview
Table 31 Northrop Grumman: Products Offered
Table 32 Northrop Grumman: Product Launches
Table 33 Northrop Grumman: Others
Table 34 L3Harris Technologies, Inc.: Company Overview
Table 35 L3Harris Technologies, Inc.: Products Offered
Table 36 L3Harris Technologies, Inc.: Deals
Table 37 L3Harris Technologies, Inc.: Others
Table 38 Moog Inc.: Company Overview
Table 39 Moog Inc.: Products Offered
Table 40 Moog Inc.: Deals
Table 41 Moog Inc.: Others
Table 42 Rafael Advanced Defense Systems Ltd.: Company Overview
Table 43 Rafael Advanced Defense Systems Ltd.: Products Offered
Table 44 Lockheed Martin Corporation: Company Overview
Table 45 Lockheed Martin Corporation: Products Offered
Table 46 Lockheed Martin Corporation: Deals
Table 47 Lockheed Martin Corporation: Others
Table 48 Thales: Company Overview
Table 49 Thales: Products Offered
Table 50 Thales: Deals
Table 51 Thales: Others
Table 52 Ohb SE: Company Overview
Table 53 Ohb SE: Products Offered
Table 54 Ohb SE: Product Launches
Table 55 Ohb SE: Deals
Table 56 Ohb SE: Others
Table 57 Sierra Nevada Corporation: Company Overview
Table 58 Sierra Nevada Corporation: Products Offered
Table 59 Sierra Nevada Corporation: Product Launches
Table 60 Sierra Nevada Corporation: Others
Table 61 Airbus: Company Overview
Table 62 Airbus: Products Offered
Table 63 Airbus: Deals
Table 64 Airbus: Others
Table 65 Vacco Industries: Company Overview
Table 66 Vacco Industries: Products Offered
Table 67 Blue Origin: Company Overview
Table 68 Blue Origin: Products Offered
Table 69 Blue Origin: Product Launches
Table 70 Blue Origin: Deals
Table 71 Blue Origin: Others
Table 72 Eaton: Company Overview
Table 73 Eaton: Products Offered
Table 74 Eaton: Deals
Table 75 Eaton: Others
Table 76 Thrustme: Company Overview
Table 77 Ursa Major Technologies Inc.: Company Overview
Table 78 Phasefour: Company Overview
Table 79 Exotrail: Company Overview
Table 80 Dawn Aerospace: Company Overview
Table 81 Ast Advanced Space Technologies GmbH: Company Overview
Table 82 Stanford Mu Corporation: Company Overview
Table 83 Manastu Space Technologies Private Limited: Company Overview
Table 84 Kreios Space: Company Overview
Table 85 Firefly Aerospace: Company Overview
List of Figures
Figure 1 By Platform, Launch Vehicles to be Leading Segment During Forecast Period
Figure 2 By Component, Thrusters to be Leading Segment During Forecast Period
Figure 3 By End-user, Commercial to be Leading Segment During Forecast Period
Figure 4 North America to be Leading Space Propulsion Market During Forecast Period
Figure 5 Space Propulsion Market Dynamics
Figure 6 Annual Space Deployments, by Region, 2020-2023
Figure 7 Government Expenditure on Space Programs, by Country, 2021-2024 (USD Billion)
Figure 8 Trends and Disruptions Impacting Customer Business
Figure 9 Value Chain Analysis
Figure 10 Ecosystem Analysis
Figure 11 Evolution of Technology
Figure 12 Technology Roadmap
Figure 13 Adoption of AI in Space Industry
Figure 14 Adoption of AI in Space by Top Countries
Figure 15 Impact of AI on Space Propulsion Market
Figure 16 Supply Chain Analysis
Figure 17 Patent Analysis
Figure 18 Revenue Analysis of Top Five Players, 2020-2023 (USD Million)
Figure 19 Market Share Analysis of Key Players, 2023
Figure 20 Company Evaluation Matrix (Key Players), 2023
Figure 21 Company Footprint
Figure 22 Company Evaluation Matrix (Start-Ups/SMEs), 2023
Figure 23 Brand/Product Comparison
Figure 24 Financial Metrics of Prominent Players
Figure 25 Company Valuation of Prominent Players
Figure 26 Safran: Company Snapshot
Figure 27 Ihi Corporation: Company Snapshot
Figure 28 Northrop Grumman: Company Snapshot
Figure 29 L3Harris Technologies, Inc.: Company Snapshot
Figure 30 Moog Inc.: Company Snapshot
Figure 31 Lockheed Martin Corporation: Company Snapshot
Figure 32 Thales: Company Snapshot
Figure 33 Ohb SE: Company Snapshot
Figure 34 Airbus: Company Snapshot
Figure 35 Eton: Company Snapshot
Figure 36 Research Design

Companies Mentioned

  • Safran
  • Ihi Corporation
  • Spacex
  • Northrop Grumman
  • L3Harris Technologies, Inc.
  • Moog Inc.
  • Rafael Advanced Defense Systems Ltd.
  • Lockheed Martin Corporation
  • Thales
  • Ohb SE
  • Sierra Nevada Corporation
  • Airbus
  • Vacco Industries
  • Blue Origin
  • Eaton
  • Thrustme
  • Ursa Major Technologies Inc.
  • Phasefour
  • Exotrail
  • Dawn Aerospace
  • Ast Advanced Space Technologies GmbH
  • Stanford Mu Corporation
  • Manastu Space Technologies Private Limited
  • Kreios Space
  • Firefly Aerospace

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