Electric Propulsion Satellite Market Size, Share, Industry, Forecast and Outlook (2024–2031)

Global Electric Propulsion Satellites Films Market reached US$39.10 billion in 2023 and is expected to reach US$95.23 billion by 2031, growing with a CAGR of 11.77% during the forecast period 2024-2031, according to DataM Intelligence report.

The electric propulsion satellites market is experiencing growth as a result of the growing demand for cost-effective and efficient propulsion systems, as well as the most recent advancements in satellite technology. The propulsion systems enable the use of electric thrust instead of conventional chemical propulsion, thereby extending the operational duration and optimizing fuel consumption, thereby reducing the cost of launch.