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Global Plasma Engine Market Research Report 2025

Published Date: October 2025

Report Code: QYRE-Auto-10H20180

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Global Plasma Engine Market Research Report 2025

Code: QYRE-Auto-10H20180

Report

October 2025

Pages:79

QYResearch

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DESCRIPTION

TABLE OF CONTENT

TABLES & FIGURES

FEATURED COMPANIES

Plasma Engine Market Size

The global market for Plasma Engine was valued at US$ 4022 million in the year 2024 and is projected to reach a revised size of US$ 5121 million by 2031, growing at a CAGR of 3.6% during the forecast period.

Plasma Engine Market

A plasma engine is an electric propulsion system that generates thrust by accelerating a plasma-like working fluid using an electric current or potential. Unlike traditional chemical rockets, it typically does not rely on combustion chemical reactions. Instead, it uses electrical energy to ionize a propellant (such as an inert gas or solid working fluid like xenon) into a plasma, which is then accelerated and ejected using electromagnetic fields to generate thrust. These engines are renowned for their high specific impulse, long life, and precise thrust control, making them particularly well-suited for spacecraft attitude control, orbit maintenance, drag compensation, and deep space exploration missions. The plasma engine industry chain is a high-end, technology- and capital-intensive manufacturing chain.

The upstream of the plasma engine industry chain is mainly composed of suppliers of core raw materials and components such as plasma generators, radio frequency power systems, plasma-resistant special materials (such as special ceramics) and rare gases; the midstream is the engine manufacturing and system integration link, which involves integrating upstream components into a complete propulsion system; the downstream is widely used in cutting-edge fields such as aerospace propulsion and space science experiments.

This report aims to provide a comprehensive presentation of the global market for Plasma Engine, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Plasma Engine.

The Plasma Engine market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Plasma Engine market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Plasma Engine companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

Scope of Plasma Engine Market Report

Report Metric	Details
Report Name	Plasma Engine Market
Accounted market size in year	US$ 4022 million
Forecasted market size in 2031	US$ 5121 million
CAGR	3.6%
Base Year	year
Forecasted years	2025 - 2031
Segment by Type	Hall Effect Thrusters Magneplasma Engines Others
Segment by Application	Deep Space Exploration Cargo Transportation Interstellar Travel Others
By Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Rest of Europe Nordic Countries Asia-Pacific (China, Japan, South Korea) Southeast Asia (India, Australia) Rest of Asia Latin America (Mexico, Brazil) Rest of Latin America Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company	Rosatom, Safran-group, Ad Astra, Pulsar Fusion, Busek, CASC
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Plasma Engine company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.

FAQ for this report

How fast is Plasma Engine Market growing?

Ans: The Plasma Engine Market witnessing a CAGR of 3.6% during the forecast period 2025-2031.

What is the Plasma Engine Market size in 2031?

Ans: The Plasma Engine Market size in 2031 will be US$ 5121 million.

Who are the main players in the Plasma Engine Market report?

Ans: The main players in the Plasma Engine Market are Rosatom, Safran-group, Ad Astra, Pulsar Fusion, Busek, CASC

What are the Application segmentation covered in the Plasma Engine Market report?

Ans: The Applications covered in the Plasma Engine Market report are Deep Space Exploration, Cargo Transportation, Interstellar Travel, Others

What are the Type segmentation covered in the Plasma Engine Market report?

Ans: The Types covered in the Plasma Engine Market report are Hall Effect Thrusters, Magneplasma Engines, Others

1 Report Overview

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Plasma Engine Market Size Growth Rate by Type: 2020 VS 2024 VS 2031

1.2.2 Hall Effect Thrusters

1.2.3 Magneplasma Engines

1.2.4 Others

1.3 Market by Application

1.3.1 Global Plasma Engine Market Growth by Application: 2020 VS 2024 VS 2031

1.3.2 Deep Space Exploration

1.3.3 Cargo Transportation

1.3.4 Interstellar Travel

1.3.5 Others

1.4 Assumptions and Limitations

1.5 Study Objectives

1.6 Years Considered

2 Global Growth Trends

2.1 Global Plasma Engine Market Perspective (2020-2031)

2.2 Global Plasma Engine Growth Trends by Region

2.2.1 Global Plasma Engine Market Size by Region: 2020 VS 2024 VS 2031

2.2.2 Plasma Engine Historic Market Size by Region (2020-2025)

2.2.3 Plasma Engine Forecasted Market Size by Region (2026-2031)

2.3 Plasma Engine Market Dynamics

2.3.1 Plasma Engine Industry Trends

2.3.2 Plasma Engine Market Drivers

2.3.3 Plasma Engine Market Challenges

2.3.4 Plasma Engine Market Restraints

3 Competition Landscape by Key Players

3.1 Global Top Plasma Engine Players by Revenue

3.1.1 Global Top Plasma Engine Players by Revenue (2020-2025)

3.1.2 Global Plasma Engine Revenue Market Share by Players (2020-2025)

3.2 Global Top Plasma Engine Players by Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Global Key Players Ranking by Plasma Engine Revenue

3.4 Global Plasma Engine Market Concentration Ratio

3.4.1 Global Plasma Engine Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Plasma Engine Revenue in 2024

3.5 Global Key Players of Plasma Engine Head office and Area Served

3.6 Global Key Players of Plasma Engine, Product and Application

3.7 Global Key Players of Plasma Engine, Date of Enter into This Industry

3.8 Mergers & Acquisitions, Expansion Plans

4 Plasma Engine Breakdown Data by Type

4.1 Global Plasma Engine Historic Market Size by Type (2020-2025)

4.2 Global Plasma Engine Forecasted Market Size by Type (2026-2031)

5 Plasma Engine Breakdown Data by Application

5.1 Global Plasma Engine Historic Market Size by Application (2020-2025)

5.2 Global Plasma Engine Forecasted Market Size by Application (2026-2031)

6 North America

6.1 North America Plasma Engine Market Size (2020-2031)

6.2 North America Plasma Engine Market Growth Rate by Country: 2020 VS 2024 VS 2031

6.3 North America Plasma Engine Market Size by Country (2020-2025)

6.4 North America Plasma Engine Market Size by Country (2026-2031)

6.5 United States

6.6 Canada

7 Europe

7.1 Europe Plasma Engine Market Size (2020-2031)

7.2 Europe Plasma Engine Market Growth Rate by Country: 2020 VS 2024 VS 2031

7.3 Europe Plasma Engine Market Size by Country (2020-2025)

7.4 Europe Plasma Engine Market Size by Country (2026-2031)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Ireland

8 Asia-Pacific

8.1 Asia-Pacific Plasma Engine Market Size (2020-2031)

8.2 Asia-Pacific Plasma Engine Market Growth Rate by Region: 2020 VS 2024 VS 2031

8.3 Asia-Pacific Plasma Engine Market Size by Region (2020-2025)

8.4 Asia-Pacific Plasma Engine Market Size by Region (2026-2031)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia & New Zealand

9 Latin America

9.1 Latin America Plasma Engine Market Size (2020-2031)

9.2 Latin America Plasma Engine Market Growth Rate by Country: 2020 VS 2024 VS 2031

9.3 Latin America Plasma Engine Market Size by Country (2020-2025)

9.4 Latin America Plasma Engine Market Size by Country (2026-2031)

9.5 Mexico

9.6 Brazil

10 Middle East & Africa

10.1 Middle East & Africa Plasma Engine Market Size (2020-2031)

10.2 Middle East & Africa Plasma Engine Market Growth Rate by Country: 2020 VS 2024 VS 2031

10.3 Middle East & Africa Plasma Engine Market Size by Country (2020-2025)

10.4 Middle East & Africa Plasma Engine Market Size by Country (2026-2031)

10.5 Israel

10.6 Saudi Arabia

10.7 UAE

11 Key Players Profiles

11.1 Rosatom

11.1.1 Rosatom Company Details

11.1.2 Rosatom Business Overview

11.1.3 Rosatom Plasma Engine Introduction

11.1.4 Rosatom Revenue in Plasma Engine Business (2020-2025)

11.1.5 Rosatom Recent Development

11.2 Safran-group

11.2.1 Safran-group Company Details

11.2.2 Safran-group Business Overview

11.2.3 Safran-group Plasma Engine Introduction

11.2.4 Safran-group Revenue in Plasma Engine Business (2020-2025)

11.2.5 Safran-group Recent Development

11.3 Ad Astra

11.3.1 Ad Astra Company Details

11.3.2 Ad Astra Business Overview

11.3.3 Ad Astra Plasma Engine Introduction

11.3.4 Ad Astra Revenue in Plasma Engine Business (2020-2025)

11.3.5 Ad Astra Recent Development

11.4 Pulsar Fusion

11.4.1 Pulsar Fusion Company Details

11.4.2 Pulsar Fusion Business Overview

11.4.3 Pulsar Fusion Plasma Engine Introduction

11.4.4 Pulsar Fusion Revenue in Plasma Engine Business (2020-2025)

11.4.5 Pulsar Fusion Recent Development

11.5 Busek

11.5.1 Busek Company Details

11.5.2 Busek Business Overview

11.5.3 Busek Plasma Engine Introduction

11.5.4 Busek Revenue in Plasma Engine Business (2020-2025)

11.5.5 Busek Recent Development

11.6 CASC

11.6.1 CASC Company Details

11.6.2 CASC Business Overview

11.6.3 CASC Plasma Engine Introduction

11.6.4 CASC Revenue in Plasma Engine Business (2020-2025)

11.6.5 CASC Recent Development

12 Analyst's Viewpoints/Conclusions

13 Appendix

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.1.1 Research Programs/Design

13.1.1.2 Market Size Estimation

13.1.1.3 Market Breakdown and Data Triangulation

13.1.2 Data Source

13.1.2.1 Secondary Sources

13.1.2.2 Primary Sources

13.2 Author Details

13.3 Disclaimer

FEATURED COMPANIES

List of Tables

Table 1. Global Plasma Engine Market Size Growth Rate by Type (US$ Million): 2020 VS 2024 VS 2031

Table 2. Key Players of Hall Effect Thrusters

Table 3. Key Players of Magneplasma Engines

Table 4. Key Players of Others

Table 5. Global Plasma Engine Market Size Growth by Application (US$ Million): 2020 VS 2024 VS 2031

Table 6. Global Plasma Engine Market Size by Region (US$ Million): 2020 VS 2024 VS 2031

Table 7. Global Plasma Engine Market Size by Region (2020-2025) & (US$ Million)

Table 8. Global Plasma Engine Market Share by Region (2020-2025)

Table 9. Global Plasma Engine Forecasted Market Size by Region (2026-2031) & (US$ Million)

Table 10. Global Plasma Engine Market Share by Region (2026-2031)

Table 11. Plasma Engine Market Trends

Table 12. Plasma Engine Market Drivers

Table 13. Plasma Engine Market Challenges

Table 14. Plasma Engine Market Restraints

Table 15. Global Plasma Engine Revenue by Players (2020-2025) & (US$ Million)

Table 16. Global Plasma Engine Market Share by Players (2020-2025)

Table 17. Global Top Plasma Engine Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Plasma Engine as of 2024)

Table 18. Ranking of Global Top Plasma Engine Companies by Revenue (US$ Million) in 2024

Table 19. Global 5 Largest Players Market Share by Plasma Engine Revenue (CR5 and HHI) & (2020-2025)

Table 20. Global Key Players of Plasma Engine, Headquarters and Area Served

Table 21. Global Key Players of Plasma Engine, Product and Application

Table 22. Global Key Players of Plasma Engine, Date of Enter into This Industry

Table 23. Mergers & Acquisitions, Expansion Plans

Table 24. Global Plasma Engine Market Size by Type (2020-2025) & (US$ Million)

Table 25. Global Plasma Engine Revenue Market Share by Type (2020-2025)

Table 26. Global Plasma Engine Forecasted Market Size by Type (2026-2031) & (US$ Million)

Table 27. Global Plasma Engine Revenue Market Share by Type (2026-2031)

Table 28. Global Plasma Engine Market Size by Application (2020-2025) & (US$ Million)

Table 29. Global Plasma Engine Revenue Market Share by Application (2020-2025)

Table 30. Global Plasma Engine Forecasted Market Size by Application (2026-2031) & (US$ Million)

Table 31. Global Plasma Engine Revenue Market Share by Application (2026-2031)

Table 32. North America Plasma Engine Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 33. North America Plasma Engine Market Size by Country (2020-2025) & (US$ Million)

Table 34. North America Plasma Engine Market Size by Country (2026-2031) & (US$ Million)

Table 35. Europe Plasma Engine Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 36. Europe Plasma Engine Market Size by Country (2020-2025) & (US$ Million)

Table 37. Europe Plasma Engine Market Size by Country (2026-2031) & (US$ Million)

Table 38. Asia-Pacific Plasma Engine Market Size Growth Rate by Region (US$ Million): 2020 VS 2024 VS 2031

Table 39. Asia-Pacific Plasma Engine Market Size by Region (2020-2025) & (US$ Million)

Table 40. Asia-Pacific Plasma Engine Market Size by Region (2026-2031) & (US$ Million)

Table 41. Latin America Plasma Engine Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 42. Latin America Plasma Engine Market Size by Country (2020-2025) & (US$ Million)

Table 43. Latin America Plasma Engine Market Size by Country (2026-2031) & (US$ Million)

Table 44. Middle East & Africa Plasma Engine Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 45. Middle East & Africa Plasma Engine Market Size by Country (2020-2025) & (US$ Million)

Table 46. Middle East & Africa Plasma Engine Market Size by Country (2026-2031) & (US$ Million)

Table 47. Rosatom Company Details

Table 48. Rosatom Business Overview

Table 49. Rosatom Plasma Engine Product

Table 50. Rosatom Revenue in Plasma Engine Business (2020-2025) & (US$ Million)

Table 51. Rosatom Recent Development

Table 52. Safran-group Company Details

Table 53. Safran-group Business Overview

Table 54. Safran-group Plasma Engine Product

Table 55. Safran-group Revenue in Plasma Engine Business (2020-2025) & (US$ Million)

Table 56. Safran-group Recent Development

Table 57. Ad Astra Company Details

Table 58. Ad Astra Business Overview

Table 59. Ad Astra Plasma Engine Product

Table 60. Ad Astra Revenue in Plasma Engine Business (2020-2025) & (US$ Million)

Table 61. Ad Astra Recent Development

Table 62. Pulsar Fusion Company Details

Table 63. Pulsar Fusion Business Overview

Table 64. Pulsar Fusion Plasma Engine Product

Table 65. Pulsar Fusion Revenue in Plasma Engine Business (2020-2025) & (US$ Million)

Table 66. Pulsar Fusion Recent Development

Table 67. Busek Company Details

Table 68. Busek Business Overview

Table 69. Busek Plasma Engine Product

Table 70. Busek Revenue in Plasma Engine Business (2020-2025) & (US$ Million)

Table 71. Busek Recent Development

Table 72. CASC Company Details

Table 73. CASC Business Overview

Table 74. CASC Plasma Engine Product

Table 75. CASC Revenue in Plasma Engine Business (2020-2025) & (US$ Million)

Table 76. CASC Recent Development

Table 77. Research Programs/Design for This Report

Table 78. Key Data Information from Secondary Sources

Table 79. Key Data Information from Primary Sources

Table 80. Authors List of This Report

List of Figures

Figure 1. Plasma Engine Picture

Figure 2. Global Plasma Engine Market Size Comparison by Type (2020-2031) & (US$ Million)

Figure 3. Global Plasma Engine Market Share by Type: 2024 VS 2031

Figure 4. Hall Effect Thrusters Features

Figure 5. Magneplasma Engines Features

Figure 6. Others Features

Figure 7. Global Plasma Engine Market Size by Application (2020-2031) & (US$ Million)

Figure 8. Global Plasma Engine Market Share by Application: 2024 VS 2031

Figure 9. Deep Space Exploration Case Studies

Figure 10. Cargo Transportation Case Studies

Figure 11. Interstellar Travel Case Studies

Figure 12. Others Case Studies

Figure 13. Plasma Engine Report Years Considered

Figure 14. Global Plasma Engine Market Size (US$ Million), Year-over-Year: 2020-2031

Figure 15. Global Plasma Engine Market Size, (US$ Million), 2020 VS 2024 VS 2031

Figure 16. Global Plasma Engine Market Share by Region: 2024 VS 2031

Figure 17. Global Plasma Engine Market Share by Players in 2024

Figure 18. Global Plasma Engine Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

Figure 19. The Top 10 and 5 Players Market Share by Plasma Engine Revenue in 2024

Figure 20. North America Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 21. North America Plasma Engine Market Share by Country (2020-2031)

Figure 22. United States Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 23. Canada Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 24. Europe Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 25. Europe Plasma Engine Market Share by Country (2020-2031)

Figure 26. Germany Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 27. France Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 28. U.K. Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 29. Italy Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 30. Russia Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 31. Ireland Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 32. Asia-Pacific Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 33. Asia-Pacific Plasma Engine Market Share by Region (2020-2031)

Figure 34. China Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 35. Japan Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 36. South Korea Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 37. Southeast Asia Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 38. India Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 39. Australia & New Zealand Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 40. Latin America Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 41. Latin America Plasma Engine Market Share by Country (2020-2031)

Figure 42. Mexico Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 43. Brazil Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 44. Middle East & Africa Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 45. Middle East & Africa Plasma Engine Market Share by Country (2020-2031)

Figure 46. Israel Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 47. Saudi Arabia Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 48. UAE Plasma Engine Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 49. Rosatom Revenue Growth Rate in Plasma Engine Business (2020-2025)

Figure 50. Safran-group Revenue Growth Rate in Plasma Engine Business (2020-2025)

Figure 51. Ad Astra Revenue Growth Rate in Plasma Engine Business (2020-2025)

Figure 52. Pulsar Fusion Revenue Growth Rate in Plasma Engine Business (2020-2025)

Figure 53. Busek Revenue Growth Rate in Plasma Engine Business (2020-2025)

Figure 54. CASC Revenue Growth Rate in Plasma Engine Business (2020-2025)

Figure 55. Bottom-up and Top-down Approaches for This Report

Figure 56. Data Triangulation

Figure 57. Key Executives Interviewed

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