Rocket Engine Market
Rocket Engine Market Scope: Industry
Analysis, Market Size, Growth, Trends till 2030
Rocket Engine Market Size and Growth
In 2024, the global rocket engine market is valued at approximately USD 4.5 billion and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2030. The increasing number of space missions, the commercialization of space activities, and rising government investments in defense are key factors fueling this growth. The growing involvement of private players like SpaceX and Blue Origin in space exploration and satellite launch services is further accelerating market expansion.
Companies Covered : (Covid-19 Impact Covered)
o SpaceX
o Blue Origin
o Aerojet Rocketdyne
o Northrop Grumman
o Virgin Galactic
o Rocket Lab
o Roscosmos
The rocket engine market is poised for continued growth, driven by increasing space exploration efforts and rising satellite demand. Key players such as SpaceX, Aerojet Rocketdyne, and Blue Origin will continue to lead innovation in the industry. With advancements in reusable rocket technology and more private companies entering the space industry, the market is expected to witness significant technological advancements and diversification of applications in the coming years.
Rocket Engine Market Segmentation
By Application
✓ Space Exploration ✓ Satellite Launch ✓ Defense
By Product • Liquid Rocket Engines • Solid Rocket Engines • Hybrid Rocket Engines
Market Size (USD)
$ X Billion USD
