Germany Space Propulsion Market

Space Propulsion Market Growth in Germany

Advancements in electric thrusters and sustainable propulsion technology initiatives to propel the market

The space propulsion market in Germany is advancing through advanced innovation driven by initiatives from the German Aerospace Center (DLR) and industry players like OHB SE and ArianeGroup. DLR is working on developing advanced electric propulsion systems such as ion and Hall-effect thrusters, focusing on increased efficiency for satellite and deep-space missions. ArianeGroup's progress on reusable rocket engines, particularly the Prometheus engine, reflects Germany's commitment to cost-effective and sustainable propulsion. Germany is heavily involved in European collaborations like the Horizon Europe program, which emphasizes green propulsion technologies. In 2023, the successful testing of the Helicon Plasma Thruster (HPT) was done, which will further support the small satellite constellations.

Space Propulsion Market Growth in Germany

Germany’s expertise in space propulsion has gained international recognition and opportunities for partnerships within the country. Besides, green propulsion technologies are given a cutting-edge showcase with work being done at the Lampoldshausen facility of the German Aerospace Center (DLR) using hydrogen peroxide (H2O2) and nitrous oxide (N2O) as eco-friendly propellants. In tandem with this, Germany aims to promote commercial green propulsion systems applicable in multiple spaceflight missions. The market for satellite propulsion in Germany is set to almost double by 2030, propelled by demand for medium and nano satellites-suggesting the country's commitment to increase proficiency in space. This development is further propped by Germany's strategic approach in pursuing the rapid digitalization and commercialization of space sectors with innovative and sustainable technologies to gain global competitiveness.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Space Propulsion Market Size,  Share & Growth Report
Report Code
AS 7754
PR Published ON
12/19/2024
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Space Propulsion Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2025 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home