Space Propulsion Market Growth in Canada
Increasing governmental support, advanced research facilities, collaboration with leading space agencies, and a focus on innovative propulsion technologies to drive market growth
Canada is strategically pushing its space propulsion capabilities forward. Satellite technology and international collaboration projects are significant areas of focus. In recent times, Canadian companies have participated in North American satellite propulsion systems market, where companies such as Magellan Aerospace and MDA Ltd are producing high-technology parts. These companies enhance propulsion technology through innovations related to electric and chemical propulsion systems, securing contracts from global space agencies and further growing the country's high-tech sector.
In June 2024, MDA Space announced a contract worth USD 730 million for the next lunar gateway robotic arm development phase. Commitment through the Lunar Gateway project, involving the development of an external robotics system, integrates propulsion technology crucial for future lunar exploration missions. In recent years, the Canadian Space Agency continued to devise the Canadian Space Strategy: Exploration, Imagination, Innovation, which will enable its space industry and academic institutions to be part of the new space economy. In January 2020, satellite communications start-up Kepler announced that it would manufacture its small satellites at a new 5,000-square-foot facility in Toronto, Ontario. The company is working with partners, including the Canadian Space Agency and the University of Toronto, on the new facility, which will also incorporate the design and development of its satellites and manufacturing of satellite propulsion.
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