Global Market Research Reports

  Overview and Scope Space propulsion is a technique used to accelerate spacecraft and artificial satellites. Spacecrafts are mainly propelled by the use of a rocket engine.   Sizing and Forecast The space propulsion market size has grown rapidly in recent years. It will grow from $10.41   billion in 2023 to $12.38   billion in 2024 at a compound annual growth rate (CAGR) of 19.0%.   The   growth in the historic period can be attributed to high demand for leo satellites and satellite constellations, advent of space tourism, realization of benefits from leo satellites, increased demand for low-cost and efficient propulsion systems, government investments and space programs..   The space propulsion market size is expected to see rapid growth in the next few years. It will grow to $23.85   billion in 2028 at a compound annual growth rate (CAGR) of 17.8%.   The growth in the forecast period can be attributed to rising demand for minia...