Plasma Rocket Propulsion Market to Reach $1.69 Billion in 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Source: Globenewswire
- Market Growth Potential: The plasma rocket propulsion market is projected to grow from $1.55 billion in 2025 to $1.69 billion in 2026, reflecting a 9% CAGR, highlighting the increasing importance of electric propulsion technologies for satellite orbit maintenance.
- Deep Space Mission Demand: With rising demand for deep-space missions, the market is expected to reach $2.34 billion by 2030, indicating a growing need for customized propulsion modules and high-power plasma generators, which enhance thrust efficiency and reliability.
- Increase in Satellite Launches: A 16% increase in orbital launches in 2024 compared to the previous year is driving demand for high-efficiency propulsion systems that support longer mission durations and precise orbital maneuvers, thereby boosting overall market performance.
- Industry Consolidation Trend: L3Harris Technologies' acquisition of Aerojet Rocketdyne in July 2023 aims to strengthen the defense industrial base and spur innovation across propulsion technologies, reflecting the strategic significance of competitive consolidation in the industry.
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Analyst Views on BOOM
Wall Street analysts forecast BOOM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BOOM is 12.00 USD with a low forecast of 12.00 USD and a high forecast of 12.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 8.730
Low
12.00
Averages
12.00
High
12.00
Current: 8.730
Low
12.00
Averages
12.00
High
12.00
About BOOM
DMC Global Inc. is an owner and operator of asset-light manufacturing businesses that provide highly engineered products and differentiated solutions. Its businesses include Arcadia Products, a supplier of architectural building products; DynaEnergetics, which serves the global energy industry; and NobelClad, which addresses the global industrial infrastructure and transportation sectors. Arcadia Products designs, engineers, fabricates, and finishes aluminum framing systems, windows, curtain walls, storefronts, entrance systems, and interior partitions to the commercial construction market. DynaEnergetics designs, manufactures, markets and sells perforating systems and associated hardware for the global oil and gas industry. NobelClad produces explosion-welded clad metal plates for use in the construction of corrosion-resistant industrial processing equipment and specialized transition joints for commuter rail cars, ships, and liquified natural gas (LNG) processing equipment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Plasma Rocket Propulsion Market to Reach $1.69 Billion in 2026
- Market Growth Potential: The plasma rocket propulsion market is projected to grow from $1.55 billion in 2025 to $1.69 billion in 2026, reflecting a 9% CAGR, highlighting the increasing importance of electric propulsion technologies for satellite orbit maintenance.
- Deep Space Mission Demand: With rising demand for deep-space missions, the market is expected to reach $2.34 billion by 2030, indicating a growing need for customized propulsion modules and high-power plasma generators, which enhance thrust efficiency and reliability.
- Increase in Satellite Launches: A 16% increase in orbital launches in 2024 compared to the previous year is driving demand for high-efficiency propulsion systems that support longer mission durations and precise orbital maneuvers, thereby boosting overall market performance.
- Industry Consolidation Trend: L3Harris Technologies' acquisition of Aerojet Rocketdyne in July 2023 aims to strengthen the defense industrial base and spur innovation across propulsion technologies, reflecting the strategic significance of competitive consolidation in the industry.
Continue Reading