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Rocket Propulsion - Global Strategic Business Report

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    Report

  • 243 Pages
  • November 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4806069
The global market for Rocket Propulsion was estimated at US$6.6 Billion in 2023 and is projected to reach US$10.4 Billion by 2030, growing at a CAGR of 6.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Rocket Propulsion Market - Key Trends and Drivers Summarized

What Is Rocket Propulsion and Why Is It Central to Space Exploration?

Rocket Propulsion is the mechanism that allows rockets to launch and travel through space by expelling mass at high velocity to generate thrust, overcoming Earth's gravity. It is fundamental to space exploration, enabling satellites, probes, and crewed missions to reach space and beyond. Rocket propulsion systems are categorized mainly into chemical propulsion, which relies on the combustion of propellants like liquid oxygen and kerosene, and non-chemical propulsion, which includes electric, nuclear, and solar sail technologies. Chemical propulsion, especially liquid-fuel and solid-fuel rockets, remains the dominant technology for launch vehicles due to its high thrust and reliability. However, the growing interest in long-duration missions and cost-efficiency is driving the development of alternative propulsion systems. As the space industry expands with increased commercial, scientific, and defense applications, advancements in rocket propulsion are becoming critical to achieving new frontiers in space travel.

How Are Technological Innovations Shaping the Rocket Propulsion Market?

Technological innovations are revolutionizing the rocket propulsion market by enhancing efficiency, reducing costs, and enabling new mission profiles. The development of reusable rocket technologies, exemplified by SpaceX's Falcon 9 and Falcon Heavy, is significantly lowering the cost of access to space, making space exploration more feasible and sustainable. Innovations in hybrid propulsion systems, which combine elements of both liquid and solid propellants, are offering improved safety, flexibility, and efficiency. Advances in electric propulsion, such as ion thrusters and Hall-effect thrusters, are gaining traction for deep space missions due to their high efficiency and specific impulse, although they produce lower thrust compared to chemical propulsion. Furthermore, research into nuclear thermal propulsion and solar-electric propulsion is underway, promising faster travel times and greater payload capacities for missions to Mars and beyond. The integration of AI and machine learning is also optimizing propulsion system design, testing, and operational efficiency, enhancing the reliability and performance of rocket engines.

What Challenges and Opportunities Exist in the Rocket Propulsion Market?

The rocket propulsion market faces several challenges, including high development costs, stringent regulatory requirements, and the technical complexities associated with propulsion system innovation. The design, testing, and production of advanced propulsion systems require significant investment in R&D, specialized materials, and manufacturing capabilities, posing financial barriers for new entrants. Moreover, ensuring compliance with international space treaties, export controls, and safety standards can be a complicated and time-consuming process. However, these challenges present substantial opportunities for growth and innovation. The increasing interest in lunar exploration, Mars colonization, and commercial satellite deployment is driving demand for advanced propulsion systems. The rise of private space companies and international collaborations is fostering a competitive and dynamic market environment, encouraging the development of more efficient and versatile propulsion technologies. Additionally, the growing focus on sustainable space exploration and the reduction of space debris is creating opportunities for green propulsion technologies that minimize environmental impact.

What Factors Are Driving the Growth of the Rocket Propulsion Market?

The growth in the Rocket Propulsion market is driven by several factors, including the increasing demand for cost-effective and reliable launch solutions for commercial, scientific, and defense purposes. Technological advancements in reusable rockets, electric propulsion, hybrid engines, and AI-driven optimization are enhancing the efficiency, safety, and versatility of rocket propulsion systems, driving their adoption. The expansion of space exploration activities, such as lunar and Mars missions, along with the growing interest in deep space exploration, is also contributing to market growth. Additionally, the rise of private space companies, public-private partnerships, and international collaborations is boosting the demand for innovative propulsion technologies. The emphasis on sustainable space exploration and reducing space debris, along with the development of nuclear and solar-electric propulsion systems for long-duration missions, is further propelling the rocket propulsion market forward.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Rocket Engines segment, which is expected to reach US$8.5 Billion by 2030 with a CAGR of a 6.9%. The Rocket Motors segment is also set to grow at 5.5% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $1.8 Billion in 2023, and China, forecasted to grow at an impressive 6.0% CAGR to reach $1.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Rocket Propulsion Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Rocket Propulsion Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Rocket Propulsion Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Ad Astra Rocket, Advanced Blast & Ballistic Systems, Antrix Corporation Ltd., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 44 Featured):

  • Ad Astra Rocket
  • Advanced Blast & Ballistic Systems
  • Antrix Corporation Ltd.
  • Arnold Defense
  • Bradford Space
  • Diehl Defence GmbH & Co. KG
  • Elegant Research
  • Frontier Aerospace Corporation
  • GTL Company
  • Interstellar Technologies Corporation

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Rocket Propulsion - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Global Economic Update
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rising Demand for Space Exploration and Satellite Launches Propels Market Growth
  • Technological Advancements in Propulsion Systems and Fuel Efficiency Strengthen Market Position
  • Growing Focus on Reusable Rockets and Sustainable Propulsion Technologies Drives Adoption
  • Surge in Demand for Small Satellites and CubeSats Generates New Opportunities
  • Development of Hybrid and Electric Propulsion Systems Sustains Market Growth
  • Expanding Applications in Commercial Space Ventures Throws Spotlight on Market Potential
  • Growth in Global Space Programs and Defense Budgets Spurs Demand for Advanced Rocket Propulsion
  • Rising Adoption of Rocket Propulsion in Emerging Space Markets Propels Market Expansion
  • Surge in Demand for High-Performance and Long-Range Propulsion Systems Expands Market Horizons
  • Innovations in 3D Printing and Advanced Materials for Propulsion Systems Generate New Market Opportunities
  • Rising Demand for Rocket Propulsion in Space Tourism and Exploration Missions Throws Spotlight on Market Dynamics
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Rocket Propulsion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Rocket Propulsion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Rocket Propulsion by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 7: World Rocket Propulsion Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 8: World Recent Past, Current & Future Analysis for Rocket Engines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Rocket Engines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Rocket Engines by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Rocket Motors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Rocket Motors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Rocket Motors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Liquid Fuel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Liquid Fuel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Liquid Fuel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Solid Fuel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Solid Fuel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Solid Fuel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Hybrid Fuel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Hybrid Fuel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Hybrid Fuel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Low Earth Orbit (LEO) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Low Earth Orbit (LEO) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Low Earth Orbit (LEO) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Geostationary Earth Orbit (GEO) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Geostationary Earth Orbit (GEO) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Geostationary Earth Orbit (GEO) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Other Orbits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 30: World Historic Review for Other Orbits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 31: World 16-Year Perspective for Other Orbits by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 32: World Recent Past, Current & Future Analysis for Unmanned by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 33: World Historic Review for Unmanned by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 34: World 16-Year Perspective for Unmanned by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 35: World Recent Past, Current & Future Analysis for Manned by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 36: World Historic Review for Manned by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 37: World 16-Year Perspective for Manned by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 38: World Recent Past, Current & Future Analysis for Defense & Civil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 39: World Historic Review for Defense & Civil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 40: World 16-Year Perspective for Defense & Civil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Rocket Propulsion Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Rocket Propulsion Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Rocket Propulsion Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Rocket Propulsion Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Rocket Propulsion Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Rocket Propulsion Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Rocket Propulsion Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Rocket Propulsion Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
REST OF WORLDIV. COMPETITION

Companies Mentioned

  • Ad Astra Rocket
  • Advanced Blast & Ballistic Systems
  • Antrix Corporation Ltd.
  • Arnold Defense
  • Bradford Space
  • Diehl Defence GmbH & Co. KG
  • Elegant Research
  • Frontier Aerospace Corporation
  • GTL Company
  • Interstellar Technologies Corporation

Table Information