Rocket propulsion market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period (2024-2031).Rocket propulsion is a method used to send a projectile and out space while breaking earth’s gravity. The propulsion system used in rockets generate an enormous forwards push thus lifting the rocket from ground and propelling it towards space. A rocket can be aircraft, spacecraft, missile, or a vehicle which generates thrust. Thrust is generated by propulsion system of the rocket.
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The expanding commercial space industry provides significant opportunities for the liquid rocket propulsion market. Private space firms such as SpaceX, Blue Origin, and Rocket Lab are increasingly relying on high-efficiency propulsion systems to support various missions like satellite installations/launches, space tourism operations, cargo transportation, etc. across the globe. Station (ISS) and research beyond Earth orbit.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Rocket Propulsion Market by Type
- Rocket Motor
- Rocket Engine
Global Rocket Propulsion Market by Orbit Type
- LEO and Elliptical
- GEO
- MEO
Global Rocket Propulsion Market by Propulsion
- Solid
- Liquid
- Hybrid
Global Rocket Propulsion Market by Application
- Communication
- Earth Observation
- Navigation, Global Positioning System (GPS) and Surveillance
- Technology Development and Education
Global Rocket Propulsion Market by End-User
- Civil and Government
- Commercial
- Military
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Aerojet Rocketdyne
- Airbus SE
- Blue Origin Federation LLC
- Boeing Company
- IHI Corp.
- Land SpaceTechnology Co. Ltd
- Moog Inc.
- NPO Energomash
- Rocket Lab USA Inc.
- Space Exploration Technologies Corp.
- Spacex
- Virgin Galactic
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global rocket propulsionmarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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