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

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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