Rocket Propulsion Market by Component (Combustion Chamber, Igniter Hardware, Motor Casing), Propulsion Type (Hybrid Propulsion, Liquid Propulsion, Solid Propulsion), Orbit, Type, Vehicle, End-User - Global Forecast 2024-2030

[196 Pages Report] The Rocket Propulsion Market size was estimated at USD 5.54 billion in 2023 and expected to reach USD 6.01 billion in 2024, at a CAGR 9.14% to reach USD 10.23 billion by 2030.

Rocket propulsion is an active propulsion system that utilizes the energy released from a rocket engine to generate thrust and assist the rocket to move forward. This type of propulsion system is used in various aerospace, military, and commercial applications. The rise in space exploration activities and the increasing need for small satellites are expanding the deployment of rocket propulsion systems. However, the high cost associated with the production of rocket propulsion systems and concerns related to the failure of the propulsion systems may adversely impact the use of these systems in space applications. Moreover, the ongoing advancements to enhance propulsion systems and investments in space research and technology are expected to encourage the adoption of rocket propulsion systems by the end-use sectors.

The rocket propulsion market is evolving in the Americas due to the surge in investment by countries in the region for space programs and the rise in space exploration activities. The commercialization of rockets and supporting initiatives such as joint satellite launches are expected to bolster growth in the rocket propulsion market in the APAC region. Increased research and development activities related to space technology and government initiatives to expand space research are accelerating the use of rocket propulsion systems in the EMEA region. Additionally, breakthrough innovations in rocket propulsion technology are anticipated to propel the growth of the rocket propulsion market worldwide.

The FPNV Positioning Matrix is pivotal in evaluating the Rocket Propulsion Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Rocket Propulsion Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

• Space startup Bellatrix to test electric propulsion for satellites on-board PSLV

  Bellatrix Aerospace, a space startup, has announced to test its electric propulsion system onboard the Polar Satellite Launch Vehicle (PSLV) later this year. The company's innovative technology is expected to revolutionize satellite propulsion, reducing the costs associated with launch operations. [Published On: 2023-04-21]

• DoD Strengthens Supply Chain for Solid Rocket Motors

  The Department of Defense has announced a reinforced supply chain for solid rocket motors, which is expected to enhance access to strategic defense capabilities significantly. This initiative is part of a continued series of reforms and advancements to the acquisition process of the DoD. The department is dedicated to developing and sustaining a secure, dependable, and cost-effective supply chain that can ensure long-term stability for crucial defense technologies, avoiding any possibility of a disruption in the supply chain. [Published On: 2023-04-14]

• L3HARRIS TO ACQUIRE AEROJET ROCKETDYNE

  L3Harris Technologies, Inc. announced a definitive agreement to acquire Aerojet Rocketdyne Holdings, Inc., a leading U.S. manufacturer of rocket propulsion systems and defense and space products. This acquisition is a part of the company's strategy to strengthen its position within the aerospace and defense industry and expand its capabilities in civil and national security markets. [Published On: 2022-12-18]

The report delves into recent significant developments in the Rocket Propulsion Market, highlighting leading vendors and their innovative profiles. These include Accion Systems Inc, Airbus SAS, Antrix Corporation Limited, Bellatrix Aerospace Pvt. Ltd., Blue Origin Enterprises, L.P, CU Aerospace, Firehawk Aerospace Inc., HyImpulse Technologies GmbH, IHI Corporation, Israel Aerospace Industries (IAI), JSC Kuznetsov, L3Harris Technologies, Leidos Holdings, Inc., Mitsubishi Heavy Industries, Ltd., NAMMO AS, Northrop Grumman Corporation, OHB System AG, Rafael Advanced Defense Systems Ltd., Rocket Lab USA, Inc, Roketsan A.Ş., Safran S.A., Sierra Nevada Corporation, Sierra Space Corporation, Skyrora Limited, Space Exploration Technologies Corporation, Thales Group, The Boeing Company, Triton Space Technologies, LLC, URSA MAJOR TECHNOLOGIES INC, VACCO Industries, and Virgin Galactic, LLC.

This research report categorizes the Rocket Propulsion Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Component
  • Combustion Chamber
  • Igniter Hardware
  • Motor Casing
  • Nozzle
  • Propellant
  • Turbo Pump
  • Vavle
• Propulsion Type
  • Hybrid Propulsion
  • Liquid Propulsion
  • Solid Propulsion
• Orbit
  • Beyond Geosynchronous Orbit
  • Geostationary Earth Orbit
  • Low Earth Orbit
  • Medium Earth Orbit
• Type
  • Rocket Engine
  • Rocket Motor
• Vehicle
  • Manned
  • Unmanned
• End-User
  • Commercial
  • Military & Government

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

1. What is the market size and forecast of the Rocket Propulsion Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Rocket Propulsion Market?
3. What are the technology trends and regulatory frameworks in the Rocket Propulsion Market?
4. What is the market share of the leading vendors in the Rocket Propulsion Market?
5. Which modes and strategic moves are suitable for entering the Rocket Propulsion Market?