Satellite Propulsion Market

Satellite Propulsion Companies - Northrop Grumman (US) and Safran SA (France) are the Key Players

The Satellite Propulsion market is estimated in terms of market size to be USD 2.60 billion in 2024 to USD  5.19 billion by 2030,  at a CAGR of 12.2%. The satellite propulsion market is experiencing significant growth due to increasing satellite deployments, advancements in propulsion technology, which has increased the demand for electric propulsion due to its ability to offer higher efficiency and thereby contributing to the growth of the Satellite Propulsion market.

Northrop Grumman (US), Safran SA (France), Thales Alenia Space (France), L3Harris Technologies, Inc. (US), and Airbus (France) are the top companies in the market. These companies, to strengthen their position in the market, have implemented various growth strategies, like investments, collaborations & expansions, contracts, partnerships, and agreements related to satellite propulsion.

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Major Satellite Propulsion companies include:

  • Northrop Grumman (US)
  • Safran SA (France)
  • Thales Alenia Space (France)
  • L3Harris Technologies, Inc. (US)
  • Airbus (France)

Northrop Grumman designs, develops, and supports advanced products, such as cutting-edge aircraft, next-generation spacecraft, cybersecurity systems, and all-seeing radar. It plays a critical role in human space exploration and space science programs. The company operates through four business division: Space Systems, Aeronautics Systems, Mission Systems, and Defense Systems. It has a well-established international presence and maintains a network of offices and local business operations serving Europe, Asia Pacific, and the Middle East.

Northrop Grumman’s advanced technology has put innovative products and ideas into orbit, on the moon, and beyond through various solutions, including systems engineering, spacecraft manufacturing, precision sensors, space instrument design, ground station development, orbiting space platforms, and revolutionary launch vehicles. The company’s propulsion systems are utilized in its Pegasus, Minotaur, and Antares rockets, as well as in Delta IV and commercial launch vehicles. The company also offers mission-critical components, such as rocket motors, launch vehicles, and booster subcomponents to support its prime customers, such as US government agencies. Currently, Northrop Grumman offers 5-segment boosters for NASA’s Space Launch System (SLS) and the main launch-abort motor & attitude control motor for the Orion Crew Vehicle’s Launch Abort System (LAS).

Safran SA (France)

Safran  is a France-based technology company that operates in the aircraft propulsion & equipment, space, and defense markets. Its broad international footprint enables the company to build businesses and industrial partnerships with the world’s leading contractors & operators, respond quickly & locally to customer needs, and continuously strengthen its competitive edge. For more than 50 years, Safran has built and coordinated a broad range of supporting technologies for rocket propulsion systems and high-performance space optics.

Safran is a leading player in the satellite propulsion market, specializing in chemical and electric propulsion systems. Its advanced technologies support satellite launches, orbital positioning, and station-keeping for commercial, defense, and scientific missions. Safran operates through 12 subsidiaries and various joint ventures. Safran Aero Boosters, Safran Electronics & Defense, Safran Aircraft Engines, and ArianeGroup are the major subsidiaries that provide critical components, such as shut-off valves, propulsion valves, flow control valves, and pressurization system valves for various applications in rocket engines and other space missions. The company has shaped the future of space entry over the last four decades by constructing propulsion systems that set the standard in terms of price and performance for the successive versions of the Ariane launch vehicle: up to 10,700 kilos into GTO, orbiting at an altitude of 36,000 kilometers (about 22,500 miles).

Thales Alenia Space (France)

Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), is a prominent player in the satellite propulsion market, offering a diverse range of propulsion systems for Low Earth Orbit (LEO), Medium Earth Orbit (MEO), and Geostationary Earth Orbit (GEO) satellites. Its expertise encompasses chemical propulsion, electric propulsion, and unified propulsion systems catering to various satellite applications, including communications, military, observation, and science missions.

In 2023, Thales Alenia Space achieved a consolidated  revenue figure of USD 2.42 billion and employed 8,600 individuals in 10 countries. Apart from its 17 facilities in Europe and a significant industrial presence in the US, the company maintains a global footprint to meet the needs of clients worldwide.

L3Harris Technologies, Inc. (US)

L3Harris Technologies, Inc. is a leading global technology company specializing in aerospace and defense solutions. Formed through the merger of L3 Technologies and Harris Corporation in 2019, the company boasts a rich history of innovation and expertise in the aerospace and defense sectors. L3Harris is dedicated to providing cutting-edge technologies and services to customers in  the government and commercial markets. The company’s diverse portfolio includes a wide range of products and solutions, such as communication systems, space payloads, electronic warfare systems, avionics, sensors, and satellite solutions. L3Harris is at the forefront of developing advanced technologies for space exploration, satellite communications, and space-based intelligence gathering.

With a strong focus on research and development, the company continuously strives to deliver mission-critical capabilities that empower customers to address complex challenges and enhance national security. L3Harris is a key provider in the satellite propulsion market, offering advanced electric propulsion and chemical systems for space missions. The company supports commercial, military, and scientific satellites with innovative solutions for orbital insertion, station-keeping, and end-of-life disposal. In July 2023, it acquired Aerojet Rocketdyne (US), which provides propulsion and power systems for satellites.

Airbus (France)

Airbus is a holding and management company, which engages in the design, manufacture, and marketing of aerospace products, services, and solutions. Through its Airbus Defense and Space segment, company provides  advanced propulsion systems for satellites, spacecraft, and exploration missions. Its product portfolio in satellite propulsion market include green, chemical and electric propulsion systems.  

Related Reports:

Satellite Propulsion Market by Platform (Small, Medium, Large), Propulsion (Solid, Liquid, Hybrid, Electric, Solar, Cold Gas), Systems (Hall Effect-Thruster, Bipropellant Thruster, Power Processing), End User and Region - Global Forecast to 2030

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Satellite Propulsion Market Size,  Share & Growth Report
Report Code
AS 9296
RI Published ON
1/31/2025
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