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

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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