ROCKET PROPULSION MARKET SIZE, SHARE, TRENDS, DEMAND, SEGMENTS, LEADING COMPANIES AND FORECAST TILL 2024

Rocket Propulsion Market Size, Share, Trends, Demand, Segments, Leading Companies and Forecast till 2024

Rocket Propulsion Market Size, Share, Trends, Demand, Segments, Leading Companies and Forecast till 2024

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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 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

  • copyright

  • 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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