The Journal of Space Commerce

The Journal of Space Commerce

Space Propulsion System Market to Reach $32.8 Billion by 2031

Tom Patton's avatar
Tom Patton
Jul 20, 2022
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The global space propulsion system market generated $8.9 billion in 2021, and is projected to reach $32.8 billion by 2031, growing at a CAGR of 14.3% from 2022 to 2031.

The data is from a recently published report from Allied Market Research. A rise in demand for low earth orbit-based services, a surge in space exploration missions, and an increase in de…

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