Europe Space Propulsion Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The Europe Space Propulsion Market is segmented by Propulsion Tech (Electric, Gas based, Liquid Fuel) and by Country (France, Germany, Russia, United Kingdom). Market Value in USD is presented. Key Data Points observed include spending on space programs in USD by region; and, the count of satellite launches by satellite launch mass.

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Europe Space Propulsion Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

Europe Space Propulsion Market Size

Europe Space Propulsion Market Summary
Study Period 2017 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 9.84 Billion
Market Size (2030) USD 15.64 Billion
CAGR (2025 - 2030) 9.70 %
Market Concentration High

Major Players

Europe Space Propulsion Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Space Propulsion Market Analysis

The Europe Space Propulsion Market size is estimated at 9.84 billion USD in 2025, and is expected to reach 15.64 billion USD by 2030, growing at a CAGR of 9.70% during the forecast period (2025-2030).

The European space propulsion industry has emerged as a critical sector within the broader aerospace landscape, with the space manufacturing segment alone generating EUR 7.25 billion in revenue and supporting 38,000 highly qualified jobs. The industry's strategic importance extends beyond its economic impact, enabling crucial services across telecommunications, Earth observation, and scientific research applications. European space agencies and private companies are increasingly focusing on developing sustainable and efficient spacecraft propulsion technologies, with particular emphasis on reducing environmental impact and operational costs. This transformation is evident in the growing adoption of alternative green propellants, as demonstrated by Dawn Aerospace's 2023 contract with DLR to enhance the performance of nitrous-oxide-based green propellant systems.


The industry is witnessing a significant shift in propulsion technology preferences, driven by the evolving demands of satellite manufacturers and operators. Electric propulsion systems have gained substantial traction due to their superior fuel efficiency and extended operational lifespan capabilities, enabling satellites to carry larger payloads while consuming less propellant. This technological evolution is exemplified by recent innovations, such as the July 2022 agreement between Thales Alenia Space and Italian startup MIPRONS to develop a revolutionary water-powered satellite propulsion system, marking a significant step toward more sustainable space operations.


The commercial space sector has demonstrated remarkable growth, with data showing that of the more than 570 satellites launched during the 2017-2022 period, approximately 90% were designated for commercial applications. This commercialization trend has catalyzed increased private investment and technological innovation in space propulsion systems. The industry has witnessed several strategic collaborations, including the December 2022 contract between GKN Aerospace and ArianeGroup for the supply of next-generation Ariane 6 turbine and Vulcain nozzle components, highlighting the industry's commitment to advancing propulsion capabilities.


The European space propulsion landscape is characterized by strong institutional support and international collaboration. The European Space Agency's Future Space Transportation Program plays a pivotal role in identifying and developing key launch system technologies, ensuring technological readiness through rigorous testing and validation processes. The industry's robust foundation is further evidenced by the presence of over 1,700 companies in the French space sector alone, employing approximately 33,000 people dedicated to space activities. This extensive industrial base, combined with significant government backing, positions Europe as a major player in the global spacecraft propulsion market, driving innovation and technological advancement across the sector.

Segment Analysis: PROPULSION TECH

Liquid Fuel Segment in Europe Space Propulsion Market

The liquid rocket propulsion segment dominates the European space propulsion market, commanding approximately 73% of the total market share in 2024. This significant market position is primarily driven by the segment's high efficiency, controllability, and reliability in space missions. Liquid rocket propulsion technology has become the preferred choice for various orbit classes and satellite applications due to its versatility and proven performance record. Major space agencies and commercial launch providers in Europe heavily rely on liquid fuel propulsion systems, particularly for heavy-lift vehicles and complex orbital maneuvers. The technology's ability to provide precise thrust control and restart capabilities makes it essential for both launch vehicles and satellite operations. Recent developments in sustainable and environmentally friendly liquid propellants have further strengthened this segment's market position.

Market Analysis of Europe Space Propulsion Market: Chart for PROPULSION TECH

Gas-Based Segment in Europe Space Propulsion Market

The gas-based propulsion segment is emerging as the fastest-growing segment in the European space propulsion market, with a projected growth rate of approximately 14% from 2024 to 2029. This remarkable growth is driven by increasing demand for cost-effective and reliable propulsion solutions, particularly in small satellite applications. The segment's expansion is further supported by technological advancements in green propellant development and the growing emphasis on environmental sustainability in space operations. European space agencies and commercial entities are increasingly investing in gas-based propulsion research and development, focusing on improving efficiency and reducing environmental impact. The technology's simplicity, reliability, and effectiveness in orbital maintenance and attitude control applications make it particularly attractive for emerging space companies and satellite manufacturers.

Remaining Segments in Propulsion Tech

The electric propulsion segment represents a significant portion of the European space propulsion market, offering unique advantages in terms of fuel efficiency and operational longevity. This technology has gained considerable traction in recent years, particularly for satellite station-keeping and orbit-raising maneuvers. Electric propulsion systems are increasingly being adopted for commercial telecommunications satellites and scientific missions, offering superior specific impulse and enabling longer mission durations. The segment continues to evolve with ongoing developments in Hall thruster and ion propulsion technologies, supported by major European aerospace manufacturers and research institutions. Additionally, advancements in plasma propulsion are contributing to the diversification of propulsion options available for various spacecraft thruster applications.

Europe Space Propulsion Market Geography Segment Analysis

Space Propulsion Market in Russia

Russia maintains its dominant position in the European space propulsion market, accounting for approximately 53% of the total market value in 2024. The country's space industry continues to expand at a remarkable pace, with projections indicating an annual growth rate of nearly 11% from 2024 to 2029. Russia's military emphasis on space capabilities has been a key driver, with over 160 satellites currently in orbit, including 100 military satellites. The country's successful development of advanced rocket propulsion technologies, particularly the Proton rocket series featuring sophisticated RD-276 engines, demonstrates its technical prowess. The focus on developing new types of radar imaging satellites and the planned expansion of the Pion-NKS spacecraft program showcases Russia's commitment to advancing its space capabilities. The country's strategic approach to outer space, including enhanced electronic warfare capabilities and improved communication systems, further strengthens its market position. Additionally, Russia's continued investment in sustainable propulsion technologies and launch vehicle development programs indicates its long-term commitment to maintaining its leadership in space propulsion.

Space Propulsion Market in United Kingdom

The United Kingdom has established itself as a significant player in the European space propulsion market through its comprehensive approach to space industry development. The British space industry has demonstrated remarkable growth, with revenues more than tripling since 2000, driven by increasing global reliance on satellites and reduced launch costs for small satellites. The country's emphasis on innovation in space propulsion is evident through its state-of-the-art testing facilities developed in partnership with the European Space Agency. The UK's strategic focus on satellite communications capabilities, particularly through the Skynet program, demonstrates its commitment to both commercial and military space applications. The nation's ambition to become a major center for satellite launches has led to significant investments in propulsion technology development. The British Space Agency's collaboration with international partners and emphasis on developing cost-effective propulsion solutions has strengthened the country's position in the global space market. Furthermore, the UK's focus on environmental sustainability in space propulsion technologies aligns with global trends toward greener space solutions.

Space Propulsion Market in France

France continues to demonstrate its commitment to space exploration and propulsion technology through substantial investments and strategic initiatives. As the largest contributor to the European Space Agency, France's leadership in space technology development is evident through its robust industrial base of over 1,700 companies dedicated to space activities. The country's emphasis on launch vehicle development and satellite technology has created a strong foundation for propulsion system innovation. French companies are at the forefront of developing sustainable satellite propulsion solutions, including water-powered satellite propulsion systems. The collaboration between French space agencies and international partners has fostered an environment conducive to technological advancement and market growth. The country's strategic focus on both commercial and military space applications has created a diverse market for propulsion technologies. Additionally, France's emphasis on research and development in electric propulsion systems and other advanced technologies positions it well for future growth in the space propulsion sector.

Space Propulsion Market in Other Countries

Beyond the major players, other European countries contribute significantly to the space propulsion market through specialized capabilities and innovative approaches. Germany, with its technical superiority and well-established aerospace industry, plays a crucial role in developing advanced propulsion technologies. The country's emphasis on private investment in satellite manufacturing and commitment to environmental sustainability in propulsion systems demonstrates its forward-thinking approach. Other European nations contribute through various collaborative programs and specialized research initiatives, creating a diverse and dynamic market environment. The interconnected nature of European space programs, facilitated by organizations like the European Space Agency, enables smaller countries to participate in and benefit from advances in propulsion technology. This collaborative approach, combined with individual national initiatives, ensures continued innovation and development in space propulsion technologies across Europe.

Europe Space Propulsion Industry Overview

Top Companies in Europe Space Propulsion Market

The European space propulsion market is characterized by significant technological advancements and strategic collaborations among key players. Companies are heavily investing in research and development to create innovative propulsion systems, particularly focusing on electric propulsion technologies and sustainable solutions like water-powered satellite propulsion. Operational agility is demonstrated through the development of versatile propulsion solutions that can serve multiple satellite sizes and mission types. Strategic partnerships between manufacturers, space agencies, and research institutions have become increasingly common to share expertise and resources. Companies are expanding their manufacturing capabilities and establishing new facilities to meet growing demand, while also focusing on developing cost-effective and environmentally friendly propulsion solutions. The industry has seen a notable trend toward developing reusable launch vehicles and advanced propulsion systems for both commercial and government applications.

Consolidated Market Led By Major Players

The European space propulsion market exhibits a highly consolidated structure dominated by established aerospace conglomerates and specialized propulsion system manufacturers. These major players possess extensive technical expertise, established relationships with space agencies, and significant research and development capabilities. The market is characterized by the presence of both global aerospace giants with diverse product portfolios and specialized companies focusing exclusively on propulsion technologies. The high barriers to entry, including substantial capital requirements and complex regulatory compliance, have contributed to maintaining the concentrated nature of the market.


The industry has witnessed strategic mergers and acquisitions aimed at expanding technological capabilities and market reach. Joint ventures between major aerospace companies have become a common strategy to combine complementary strengths and share development costs. Local players are increasingly forming partnerships with global companies to enhance their competitive position and access new technologies. The market structure is further reinforced by long-term contracts with government space agencies and commercial satellite manufacturers, creating stable relationships between suppliers and customers.

Innovation and Collaboration Drive Future Success

Success in the European spacecraft propulsion market increasingly depends on developing innovative, cost-effective solutions while maintaining high reliability standards. Incumbent companies must focus on expanding their technological capabilities through internal development and strategic partnerships, particularly in emerging areas like electric propulsion and green propellants. Market leaders need to maintain their competitive edge by offering customizable solutions for different satellite sizes and mission requirements, while also investing in manufacturing efficiency to reduce costs. Building strong relationships with both government space agencies and commercial satellite manufacturers remains crucial for maintaining market position.


For contenders seeking to gain market share, specialization in niche technologies and focusing on underserved market segments present opportunities for growth. New entrants must develop innovative solutions that address specific market needs while building credibility through partnerships with established players and space agencies. The increasing focus on environmental sustainability and cost reduction in the space industry creates opportunities for companies offering novel propulsion solutions. Success also depends on navigating complex regulatory requirements and building strong relationships with key stakeholders in the space industry ecosystem. Companies must maintain flexibility to adapt to evolving customer requirements and potential regulatory changes while maintaining high quality and reliability standards.

Europe Space Propulsion Market Leaders

  1. Ariane Group

  2. Avio

  3. Honeywell International Inc.

  4. Moog Inc.

  5. Safran SA

  6. *Disclaimer: Major Players sorted in no particular order
Europe Space Propulsion Market Concentration
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Europe Space Propulsion Market News

  • February 2023: Thales Alenia Space has contracted with the Korea Aerospace Research Institute (KARI) to provide the integrated electric propulsion on their GEO-KOMPSAT-3 (GK3) satellite.
  • December 2022: GKN Aerospace has contracted with ArianeGroup to supply the next stage of the Ariane 6 turbine and Vulcain nozzle. The contract covers the manufacturing and supply of units for the following 14 Ariane 6 launchers, which will go into production by 2025. GKN Aerospace is currently focused on industrializing and integrating novel and innovative technologies into the Ariane 6 product.
  • September 2022: OHB Sweden, a subsidiary of space group OHB SE, and Atlantis, a Spanish space technology company, have signed a contract to jointly supply two microsatellites based on OHB Sweden's InnoSat platformThe satellites will carry four optical channels provided by Satlantis and will be launched in 2024.

Europe Space Propulsion Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Spending On Space Programs
  • 4.2 Regulatory Framework
    • 4.2.1 France
    • 4.2.2 Germany
    • 4.2.3 Russia
    • 4.2.4 United Kingdom
  • 4.3 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)

  • 5.1 Propulsion Tech
    • 5.1.1 Electric
    • 5.1.2 Gas based
    • 5.1.3 Liquid Fuel
  • 5.2 Country
    • 5.2.1 France
    • 5.2.2 Germany
    • 5.2.3 Russia
    • 5.2.4 United Kingdom

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
    • 6.4.1 Ariane Group
    • 6.4.2 Avio
    • 6.4.3 Honeywell International Inc.
    • 6.4.4 Moog Inc.
    • 6.4.5 OHB SE
    • 6.4.6 Safran SA
    • 6.4.7 Sitael S.p.A.
    • 6.4.8 Space Exploration Technologies Corp.
    • 6.4.9 Thales

7. KEY STRATEGIC QUESTIONS FOR SATELLITE CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
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Europe Space Propulsion Industry Segmentation

Electric, Gas based, Liquid Fuel are covered as segments by Propulsion Tech. France, Germany, Russia, United Kingdom are covered as segments by Country.
Propulsion Tech Electric
Gas based
Liquid Fuel
Country France
Germany
Russia
United Kingdom
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Europe Space Propulsion Market Research FAQs

How big is the Europe Space Propulsion Market?

The Europe Space Propulsion Market size is expected to reach USD 9.84 billion in 2025 and grow at a CAGR of 9.70% to reach USD 15.64 billion by 2030.

What is the current Europe Space Propulsion Market size?

In 2025, the Europe Space Propulsion Market size is expected to reach USD 9.84 billion.

Who are the key players in Europe Space Propulsion Market?

Ariane Group, Avio, Honeywell International Inc., Moog Inc. and Safran SA are the major companies operating in the Europe Space Propulsion Market.

Which segment has the biggest share in the Europe Space Propulsion Market?

In the Europe Space Propulsion Market, the Liquid Fuel segment accounts for the largest share by propulsion tech.

Which country has the biggest share in the Europe Space Propulsion Market?

In 2025, Russia accounts for the largest share by country in the Europe Space Propulsion Market.

What years does this Europe Space Propulsion Market cover, and what was the market size in 2025?

In 2025, the Europe Space Propulsion Market size was estimated at 9.84 billion. The report covers the Europe Space Propulsion Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Space Propulsion Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Space Propulsion Market Research

Mordor Intelligence offers a comprehensive analysis of the space propulsion industry. We leverage decades of expertise in space transportation and aerospace research. Our detailed report, available as an easy-to-download report PDF, covers the entire spectrum of spacecraft propulsion technologies. This includes traditional rocket propulsion and advanced space engine systems. The analysis encompasses emerging technologies such as ion propulsion, electric propulsion, and electromagnetic propulsion systems. These insights are crucial for stakeholders in this rapidly evolving sector.

The report extensively examines various propulsion technologies. It includes hall thruster systems, plasma propulsion, and nuclear space propulsion applications. Detailed sections cover satellite propulsion systems, spacecraft thruster technologies, and innovative micropropulsion solutions. The analysis provides comprehensive coverage of solid rocket propulsion, liquid rocket propulsion, hybrid rocket propulsion, and cold gas propulsion systems. Additionally, it addresses orbital propulsion requirements for modern space missions. This thorough examination enables stakeholders to make informed decisions about technology adoption, investment opportunities, and strategic planning in the European space sector.