In this paper, the atomization characteristics of bi-swirl coaxial injectors for a 420 N-class bipropellant thruster were investigated. Three types of injectors, namely closed-type, open-type, and screw-type, were manufactured and designed to have the same spray angle and injection pressure drop. Water was used as a simulant, and cold-flow tests were conducted under ambient temperature and pressure conditions. Since the inner and outer injectors were designed to be the same type, only the inner fuel injectors that were easy to measure were used. Using a phase doppler particle analyzer, the velocity and diameter of atomized droplets were measured. Closed-type swirl injector exhibited droplet distributions with relatively high velocities and small SMD compared to the other two injectors. Open-type swirl injector formed droplets with reverse velocities in the center region and had a large recirculation zone. Screw-type swirl injector showed a sharp decrease in droplet velocity and size with radial distance from the liquid film breakup point. For the same design requirements, the closed-type swirl injector has superior atomization performance.