Space Propulsion Market to Reach US$14.41 Billion by 2031 at 12.5% CAGR, Driven by Rising Launch Rates and Lunar Missions

Company Logo Up from US$8.00 billion in 2026, led by commercial demand, with thrusters and the Middle East growing fastest. Key players include SpaceX, Northrop Grumman, Safran and ArianeGroup. Dublin, Oct. 08, 2026 (GLOBE NEWSWIRE) -- "Space Propulsion Market By Platform, Type, Component, End User, Services and Region - Global Forecast to 2031" has been added to ResearchAndMarkets.com's offering. The space propulsion market is projected to grow from USD 8.00 billion in 2026 to USD 14.41 billion by 2031, registering a CAGR of 12.5% during the forecast period. Market growth is being supported by expanding satellite deployment activity, on-orbit servicing, space tug missions, debris removal, and orbital transfer vehicles.