Rocket Propulsion Market Size, Share, Growth, Forecast 2032

Rocket Propulsion Market Insights

Zion Market Research has published a report on the global Rocket Propulsion Market, estimating its value at USD 5.34 Billion in 2023, with projections indicating that it will reach USD 9.74 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 6.89% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Rocket Propulsion industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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The report analyzes the global rocket propulsion market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the global rocket propulsion industry.

Rocket Propulsion Market: Overview

This report analyzes and estimates the rocket propulsion market at the global, regional, and country levels. The research study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the rocket propulsion market drivers and restraints along with their impact analysis at the global level from 2016 to 2025.

The report covers an in-depth analysis of the strategies adopted by major competitors in the global rocket propulsion market. To understand the competitive landscape in the global rocket propulsion market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.

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The research study provides a decisive view on the global rocket propulsion market based on type, fuel type, vehicle type, orbit type, end-use, and region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.

As the space exploration programs are growing at a phenomenal rate particularly in China, the rocket engine segment is likely to proliferate at a CAGR of more than 9% during the forecast period. The giant government-owned space industry in China, CASIC (China Aerospace Science & Industry Corporation), has been engaged in developing its space vehicle Kaitouzhe for almost the last twenty years. Moreover, there is an almost 30% increase in the number of launch activities conducted in China from 2017 to 2019, which indicates the further enhancement of the rocket engine category in the coming years.

Rocket Propulsion Market: Report Scope

Based on type, the global rocket propulsion market is segmented into type, fuel type, vehicle type, orbit type, end-use, and region. On the basis of type, the market is divided into rocket motors and rocket engines. In terms of the fuel type, the market is sectored into hybrid fuel, solid fuel, and liquid fuel. By vehicle type, the industry is bifurcated into unmanned and manned. Based on the orbit type, the market is categorized into geostationary Earth orbit (GEO), low Earth orbit (LEO), beyond geosynchronous orbit (BGEO), and medium Earth orbit (MEO). The end-use segment classifies the global market into commercial and defense & civil.

Rocket Propulsion Market: Regional Analysis

The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.

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Rocket Propulsion Market: Competitive Analysis

Some of the key players of the global rocket propulsion market include:

• Safran S.A.
• Virgin Galactic
• Lockheed Martin Corporation
• Moog Inc.
• Mitsubishi Heavy Industries
• China Great Wall Industry Corporation
• Rocket Lab
• L-3 Communications
• Blue Origin
• IHI Corporation
• General Dynamics OTS
• Northrop Grumman
• Airbus Defence and Space
• NPO Energomash
• Antrix
• SpaceX
• Aerojet Rocketdyne
• NASA
• Yuzhmash
• The Boeing Company.

This report segments the global rocket propulsion market into:

Global Rocket Propulsion Market: By Type Segmentation Analysis

• Rocket Motor
• Rocket Engine

Global Rocket Propulsion Market: By Fuel Type Segmentation Analysis

• Hybrid Fuel
• Solid Fuel
• Liquid Fuel

Global Rocket Propulsion Market: By Vehicle Type Segmentation Analysis

• Unmanned
• Manned

Global Rocket Propulsion Market: By Orbit Type Segmentation Analysis

• Geostationary Earth Orbit (GEO)
• Low Earth Orbit (LEO)
• Beyond Geosynchronous Orbit (BGEO)
• Medium Earth Orbit (MEO)

Global Rocket Propulsion Market: By End-Use Segmentation Analysis

• Commercial
• Defense & Civil

Global Rocket Propulsion Market: By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa