The global space propulsion market was valued at USD 9.38 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 15.5% during the forecast period. This robust expansion is underpinned by escalating demand for satellite services, advancements in propulsion technologies, and increased investments in space exploration initiatives. Notably, North America and Asia Pacific are emerging as pivotal regions driving this growth, each influenced by distinct geopolitical, regulatory, and technological factors.
In North America, the United States stands at the forefront of space propulsion advancements, pro