Global Electric Propulsion Satellites Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Hybrid and Full-Electric

By Propulsion;

Electrothermal, Electrostatic, Electromagnetic, and Others

By Orbit;

Low Earth Orbit, Medium Earth Orbit, and Geostationary Orbit

By Application;

Commercial and Military

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn152411289 Published Date: May, 2025 Updated Date: June, 2025

Electric Propulsion Satellites Market Overview

Electric Propulsion Satellites Market (USD Million)

Electric Propulsion Satellites Market was valued at USD 40,367.40 million in the year 2024. The size of this market is expected to increase to USD 93,798.20 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.8%.


Global Electric Propulsion Satellites Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 12.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)12.8 %
Market Size (2024)USD 40,367.40 Million
Market Size (2031)USD 93,798.20 Million
Market ConcentrationLow
Report Pages301
40,367.40
2024
93,798.20
2031

Major Players

  • Sitael S.p.A.
  • Accion Systems Inc.
  • Busek Co. Inc.
  • Orbital ATK (Northrop Grumman Corporation)
  • Ad Astra Rocket Company
  • MSNW LLC
  • Aerojet Rocketdyne Holdings, Inc.
  • Safran SA
  • Airbus SE
  • The Boeing Company
  • Thales Alenia Space

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Electric Propulsion Satellites Market

Fragmented - Highly competitive market without dominant players


The Electric Propulsion Satellites Market is growing swiftly due to increasing satellite deployments and the push for mission flexibility. Around 65% of satellite projects now integrate electric propulsion systems, offering cost-effectiveness and reduced weight. This transition marks a significant departure from traditional chemical propulsion methods, providing extended operational life and enhanced payload capacity.

Technological Advancements
Innovations in plasma thrusters and ion propulsion are reshaping the propulsion landscape. Approximately 52% of new developments are focused on improving efficiency and system miniaturization. This enables reduced fuel consumption, increased reliability, and lighter system weight, which is propelling broader adoption in both commercial and military satellite sectors.

Operational Efficiency
Electric propulsion systems are driving improvements in satellite positioning and station-keeping capabilities. About 47% of satellite operators are now using electric propulsion to optimize maneuverability and cut operational costs. These systems enable extended mission durations and enhanced payload capacities, delivering considerable performance advantages.

Future Prospects
Future growth will be driven by the rising need for high-throughput satellites and large-scale constellation projects. Over 58% of upcoming satellite launches are expected to use electric propulsion. This underscores the increasing strategic importance of advanced propulsion technologies in supporting evolving satellite communication, Earth observation, and defense applications.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Propulsion
    3. Market Snapshot, By Orbit
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Electric Propulsion Satellites Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Fuel Efficiency and Cost Savings
        2. Extended Operational Lifetimes
        3. Reduced Environmental Impact
        4. Rapid Deployment and Constellation Maintenance
        5. Mission Flexibility and Maneuverability
      2. Restraints
        1. High Initial Investment Costs
        2. Complexity and Technical Challenges
        3. Power Supply Constraints
        4. Limited Thrust and Acceleration
      3. Opportunities
        1. Space Exploration Missions
        2. Rising Demand for Satellite Constellations
        3. Emerging Markets for Small Satellites
        4. Advancements in Electric Propulsion Technology
        5. Green Initiatives and Sustainability Goals
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market SegmentationCompetitive Landscape
    1. Electric Propulsion Satellites Market, By Type, 2021 - 2031 (USD Million)
      1. Hybrid
      2. Full-Electric
    2. Electric Propulsion Satellites Market, By Propulsion, 2021 - 2031 (USD Million)

      1. Electrothermal

      2. Electrostatic

      3. Electromagnetic

      4. Others

    3. Electric Propulsion Satellites Market, By Orbit, 2021 - 2031 (USD Million)

      1. Low Earth Orbit

      2. Medium Earth Orbit

      3. Geostationary Orbit

    4. Electric Propulsion Satellites Market, By Application, 2021 - 2031 (USD Million)
      1. Commercial
      2. Military
    5. Electric Propulsion Satellites Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East and Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Company Profiles
    1. Sitael S.p.A.
    2. Accion Systems Inc.
    3. Busek Co. Inc.
    4. Orbital ATK (Northrop Grumman Corporation)
    5. Ad Astra Rocket Company
    6. MSNW LLC
    7. Aerojet Rocketdyne Holdings, Inc.
    8. Safran SA
    9. Airbus SE
    10. The Boeing Company
    11. Thales Alenia Space
  7. Analyst Views
  8. Future Outlook of the Market