How Rapidly is the Rocket Propulsion Market Growing?
The rocket propulsion market has been experiencing substantial growth in recent years. From its value of $7.08 billion in 2024, the market is projected to expand to $8.07 billion in 2025, growing at an impressive compound annual growth rate (CAGR) of 14.0%. Factors fueling this growth encompass developments in space exploration and satellite launch activities, military and defense applications, commercial space ventures, scientific research missions, and national space programs.
Looking ahead, the rocket propulsion market is expected to continue its rapid growth trajectory. By 2029, it is anticipated to reach $12.5 billion, growing at a CAGR of 11.6%. Growth over this period is being driven by emerging trends like the development of reusable rockets, cost reduction strategies, proliferating satellite constellations helping to broaden connectivity, exploration missions to the Moon and Mars, advancements in small satellite propulsion systems, the rise of green and sustainable rocket propellants, the burgeoning space tourism sector, and the global expansion of the space industry.
Get Your Free Sample of The Global Rocket Propulsion Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7111&type=smp
What is Driving the Growth of the Rocket Propulsion Market?
A significant factor driving the growth of the rocket propulsion market is the increased spending and capital investment by government bodies and corporate entities in the space sector. Industries are pouring massive capital into space exploration and technological innovation. Concurrently, government agencies are initiating more actions, thereby enabling further investment in research and development efforts aimed at creating more efficient and inventive technologies.
What are the Main Segments in the Rocket Propulsion Market?
1) By Propulsion Type: Solid, Liquid, Hybrid
2) By Orbit Type: LEO, MEO, GEO, Beyond GEO
3) By Launch Vehicle Type: Manned, Unmanned
4) By End User Type: Civil and Commercial, Military
Order your report now for swift delivery:
https://www.thebusinessresearchcompany.com/report/rocket-propulsion-global-market-report
Who are the Major Players in the Rocket Propulsion Market?
Key companies operating in the rocket propulsion market include Aerojet Rocketdyne Holdings Inc., Mitsubishi Heavy Industries Ltd., Space Exploration Technologies Corp., Safran S.A., Blue Origin LLC, Northrop Grumman Innovation Systems Inc., Virgin Galactic Holdings Inc., Rocket Lab USA Inc., United Launch Alliance LLC, Boeing Space Launch System, Lockheed Martin Space Systems Company, Reaction Engines Ltd., Firefly Aerospace Inc., Sierra Nevada Corporation, ExPace Technology Co. Ltd., Relativity Space Inc., Arianespace SA, IHI Corporation, Skyrora Ltd., Masten Space Systems Inc., Gilmour Space Technologies Pty Ltd., ArianeGroup GmbH, Terran Orbital Corporation, PLD Space S.L., Dauria Aerospace, Raptor Aerospace Inc., Axiom Space Inc., CubeCab Services Private Limited, Space Perspective Inc., Stratolaunch Systems Corporation.
What are the Emerging Trends in the Rocket Propulsion Market?
Technological advancements and innovations represent the key trends gaining momentum in the rocket propulsion market. Numerous research institutions and corporations are developing innovative products to meet industry demands and strengthen their business presence in the rocket propulsion systems sector.
Which Region is Experiencing the Most Growth in the Rocket Propulsion Market?
Asia-Pacific was the largest regional market for rocket propulsion in 2024, and it is also expected to be the fastest-growing region over the forecast period. The report covers other key regions, including Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.
What Does The Rocket Propulsion Market Report 2025 Offer?
Rocket propulsion refers to the act of pushing a rocket forward with force to launch it into the atmosphere. The rocket propulsion is used to produce thrust, the force which moves a rocket through the air and through space. Rockets require a solid or liquid propellant, which consists of a fuel source and an oxidizer that provides the oxygen required to burn the fuel. The Rocket Propulsion Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7111
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
