Product Code: 3047
Rocket Propulsion Market will experience sturdy growth through 2032, primarily owing to the increasing efforts to reduce carbon emissions from rocket propulsion systems coupled with tech innovations to augment the efficiency of rocket propulsion systems. For instance, in January 2021, BluShift, the eco-friendly small satellite launch solution introduced the world's first commercial rocket which was powered by carbon-neutral and nontoxic biofuel.
Overall, the rocket propulsion market has been segmented in terms of type, fuel, orbit, vehicle, end-use, and countries.
Based on type, the rocket engine segment is anticipated to witness robust growth through 2032, as various countries are developing rocket engines to gain better efficiency for launching and landing satellites and long-range missiles. Besides, increasing focus on developing lesser emission-exhausting engines will also fuel the market demand.
In terms of fuel, the liquid fuel segment accounted for more than 70% revenue share in 2022. The demand for liquid fuel rocket propulsion systems will be driven by the increasing need for controlled thrust and high specific impulse. Besides, different countries are increasingly building liquid fuel engines to ensure greater efficiency while maneuvering their satellites.
For instance, in November 2022, China successfully completed the test run of an indigenously developed liquid-propellant rocket engine that can produce a thrust of 500 tonnes. According to the China Aerospace Science and Technology Corporation, the engine's thrust is approximately four times that of the available engines.
On the basis of orbit, the Medium Earth Orbit (MEO) segment was valued at more than USD 550 million in 2022. The market expansion over the forecast period will be driven by the rising demand for satellite navigation systems. Besides, increasing demand for climate change observation, coupled with the rising necessity for air traffic control, and evolving need for Satellite Communication would further impel the segment share.
In the context of countries, the rocket propulsion market in New Zealand was valued at more than USD 350 million in 2022. The regional market growth is likely to come from the rise in the number of space rocket launches owing to favorable conditions such as low levels of air and shipping traffic along with large selection areas of launch angles. Citing an instance, in February 2023, Rocket Lab, a world leader in space systems and launch services, announced that it has three launch pads, out of which two are located in a private orbital launch site in New Zealand.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market scope and definitions
- 1.2 Methodology & forecast parameters
- 1.2.1 Industry insights and validation
- 1.3 Forecast calculations
- 1.3.1 Region-wise COVID-19 impact analysis:
- 1.3.1.1 North America
- 1.3.1.2 Europe
- 1.3.1.3 Asia Pacific
- 1.3.1.4 Latin America
- 1.3.1.5 Middle East & Africa
- 1.4 Data sources
- 1.4.1 Secondary
- 1.4.2 Primary
- 1.5 Industry Glossary
Chapter 2 Executive Summary
- 2.1 Rocket propulsion industry 360 degree synopsis, 2018 - 2032
- 2.2 Business trends
- 2.2.1 Total Addressable Market, 2023-2032
- 2.3 Regional trends
- 2.4 Type trends
- 2.5 Fuel trends
- 2.6 Orbit type trends
- 2.7 Vehicle type trends
- 2.8 End-use trends
Chapter 3 Rocket Propulsion Industry Insights
- 3.1 Introduction
- 3.2 Impact of the COVID-19 pandemic on the market
- 3.3 Impact of the Russia-Ukraine war
- 3.4 Impact of the U.S.-China trade war
- 3.5 Industry ecosystem
- 3.5.1 Raw material supplier
- 3.5.2 Component supplier
- 3.5.3 Manufacturers
- 3.5.4 Technology providers
- 3.5.5 System Integrators
- 3.5.6 End users
- 3.5.7 Vendor matrix
- 3.6 Profit margin analysis
- 3.7 Technological and innovation landscape
- 3.7.1 Nuclear thermal propulsion system
- 3.7.2 Solar sails
- 3.8 Patent analysis
- 3.9 Key news & initiatives
- 3.9.1 Acquisitions & mergers
- 3.9.2 Partnerships & collaborations
- 3.9.3 Product launches
- 3.9.4 Government initiatives
- 3.10 Regulatory landscape
- 3.10.1 International standards
- 3.10.1.1 ISO 17540:2016 - Space systems — Liquid rocket engines and test stands
- 3.10.1.2 ISO/TS 20991:2018 - Space systems — Requirements for small spacecraft
- 3.10.1.3 ISO 16694:2015 space systems
- 3.10.1.4 SMC-S-025- Evaluation and test requirement for liquid rocket engine
- 3.10.2 North America
- 3.10.2.1 Safety codes
- 3.10.3.2 CFR Title 14, Chapter III
- 3.10.2.3 Export Administration Regulations (EAR)
- 3.10.2.4 Control of Air Pollution from Aircraft Engines: Emission Standards and Test Procedures
- 3.10.3 Europe
- 3.10.3.1 European Cooperation for Space Standardization
- 3.10.3.2 ECSS-E-ST-35-01C
- 3.10.3.3 ECSS-E-ST-35-02C
- 3.10.3.4 ECSS-E-ST-35-03C
- 3.10.3.5 ECSS-E-ST-35-06C Rev.2
- 3.10.3.6 ECSS-E-ST-35-10C
- 3.10.3.7 ECSS-E-ST-35C Rev.1
- 3.10.4 Asia Pacific
- 3.10.4.1 Space Activities Act, Japan
- 3.10.4.2 Waste Electrical and Electronic Equipment Directive
- 3.10.4.3 SNI Mark for Indonesia
- 3.10.5 Latin America
- 3.10.5.1 UNIT ISO/ IEC 27000
- 3.10.5.2 OSH Regulatory Framework
- 3.10.6 MEA
- 3.11 Industry impact forces
- 3.11.1 Growth drivers
- 3.11.1.1 Surging investments in the space sector and increasing launch activities globally
- 3.11.1.2 Rising efforts to develop advanced manufacturing capabilities
- 3.11.1.3 Rising efforts to reduce carbon emissions from rocket propulsion systems
- 3.11.1.4 Surging technological advancements to increase the efficiency of rocket propulsion systems
- 3.11.1.5 Development of retrievable rocket propulsion systems
- 3.11.2 Pitfall and challenges
- 3.11.2.1 High initial investments in rocket propulsion systems
- 3.11.2.2 Rising political insurgencies
- 3.12 Investment landscape
- 3.13 Growth potential analysis
- 3.14 Porter analysis
- 3.14.1 Bargaining power of suppliers
- 3.14.2 Bargaining power of buyers
- 3.14.3 Threat of new entrants
- 3.14.4 Threat of substitutes
- 3.14.5 Industry rivalry
- 3.15 PESTLE analysis
- 3.15.1 Political
- 3.15.2 Economic
- 3.15.3 Social
- 3.15.4 Technological
- 3.15.5 Environmental
- 3.15.6 Legal
Chapter 4 Competitive Landscape
- 4.1 Introduction
- 4.2 Company market share, 2022
- 4.3 Competitive analysis of major market players
- 4.3.1 Chart key
- 4.3.2 Northrop Grumman Corporation
- 4.3.3 L3Harris Technologies, Inc. (Aerojet Rocketdyne)
- 4.3.4 Lockheed Martin Corporation
- 4.3.1 IHI Corporation
- 4.3.2 Mitsubishi Heavy Industries, Ltd
- 4.4 Competitive analysis of innovative players
- 4.4.1 Chart key
- 4.4.2 Space Exploration Technologies Corp. (SpaceX)
- 4.4.3 Blue Origin, LLC
- 4.4.4 Avio Group
- 4.4.5 China Great Wall Industry Corporation (CGWIC)
- 4.4.6 National Aeronautics and Space Administration (NASA)
- 4.5 Competitive positioning matrix
- 4.6 Strategic outlook matrix
Chapter 5 Rocket Propulsion Market, By Type
- 5.1 Key trends, by type
- 5.2 Rocket motors
- 5.2.1 Market estimates & forecast, 2018-2032
- 5.3 Rocket engines
- 5.3.1 Market estimates & forecast, 2018-2032
Chapter 6 Rocket Propulsion Market, By Fuel Type
- 6.1 Key trends, by fuel type
- 6.2 Solid fuel
- 6.2.1 Market estimates & forecast, 2018-2032
- 6.3 Liquid fuel
- 6.3.1 Market estimates & forecast, 2018-2032
- 6.4 Hybrid fuel
- 6.4.1 Market estimates & forecast, 2018-2032
Chapter 7 Rocket Propulsion Market, By Orbit Type
- 7.1 Key trends, by orbit type
- 7.2 Low Earth Orbit
- 7.2.1 Market estimates & forecast, 2018-2032
- 7.3 Medium Earth Orbit (MEO)
- 7.3.1 Market estimates & forecast, 2018-2032
- 7.4 Geostationary Earth Orbit
- 7.4.1 Market estimates & forecast, 2018-2032
- 7.5 Beyond Geosynchronous Earth Orbit (BGEO)
- 7.5.1 Market estimates & forecast, 2018-2032
Chapter 8 Rocket Propulsion Market, By Vehicle Type
- 8.1 Key trends, by vehicle type
- 8.2 Unmanned
- 8.2.1 Market estimates & forecast, 2018-2032
- 8.3 Manned
- 8.3.1 Market estimates & forecast, 2018-2032
Chapter 9 Rocket Propulsion Market, By End-Use
- 9.1 Key trends, by end-use
- 9.2 Defense & Civil
- 9.2.1 Market estimates & forecast, 2018-2032
- 9.3 Commercial
- 9.3.1 Market estimates & forecast, 2018-2032
Chapter 10 Rocket Propulsion Market, By Region
- 10.1 Key trends, by region
- 10.2 U.S.
- 10.2.1 Market estimates & forecast, 2018-2032
- 10.2.2 Market estimates & forecast, by type, 2018-2032
- 10.2.3 Market estimates & forecast, by fuel type, 2018-2032
- 10.2.4 Market estimates & forecast, by orbit type, 2018-2032
- 10.2.5 Market estimates & forecast, by vehicle type, 2018-2032
- 10.2.6 Market estimates & forecast, by end-use, 2018-2032
- 10.3 France
- 10.3.1 Market estimates & forecast, 2018-2032
- 10.3.2 Market estimates & forecast, by type, 2018-2032
- 10.3.3 Market estimates & forecast, by fuel type, 2018-2032
- 10.3.4 Market estimates & forecast, by orbit type, 2018-2032
- 10.3.5 Market estimates & forecast, by vehicle type, 2018-2032
- 10.3.6 Market estimates & forecast, by end-use, 2018-2032
- 10.4 Russia
- 10.4.1 Market estimates & forecast, 2018-2032
- 10.4.2 Market estimates & forecast, by type, 2018-2032
- 10.4.3 Market estimates & forecast, by fuel type, 2018-2032
- 10.4.4 Market estimates & forecast, by orbit type, 2018-2032
- 10.4.5 Market estimates & forecast, by vehicle type, 2018-2032
- 10.4.6 Market estimates & forecast, by end-use, 2018-2032
- 10.5 Ukraine
- 10.5.1 Market estimates & forecast, 2018-2032
- 10.5.2 Market estimates & forecast, by type, 2018-2032
- 10.5.3 Market estimates & forecast, by fuel type, 2018-2032
- 10.5.4 Market estimates & forecast, by orbit type, 2018-2032
- 10.5.5 Market estimates & forecast, by vehicle type, 2018-2032
- 10.5.6 Market estimates & forecast, by end-use, 2018-2032
- 10.6 China
- 10.6.1 Market estimates & forecast, 2018-2032
- 10.6.2 Market estimates & forecast, by type, 2018-2032
- 10.6.3 Market estimates & forecast, by fuel type, 2018-2032
- 10.6.4 Market estimates & forecast, by orbit type, 2018-2032
- 10.6.5 Market estimates & forecast, by vehicle type, 2018-2032
- 10.6.6 Market estimates & forecast, by end-use, 2018-2032
- 10.7 India
- 10.7.1 Market estimates & forecast, 2018-2032
- 10.7.2 Market estimates & forecast, by type, 2018-2032
- 10.7.3 Market estimates & forecast, by fuel type, 2018-2032
- 10.7.4 Market estimates & forecast, by orbit type, 2018-2032
- 10.7.5 Market estimates & forecast, by vehicle type, 2018-2032
- 10.7.6 Market estimates & forecast, by end-use, 2018-2032
- 10.8 Japan
- 10.8.1 Market estimates & forecast, 2018-2032
- 10.8.2 Market estimates & forecast, by type, 2018-2032
- 10.8.3 Market estimates & forecast, by fuel type, 2018-2032
- 10.8.4 Market estimates & forecast, by orbit type, 2018-2032
- 10.8.5 Market estimates & forecast, by vehicle type, 2018-2032
- 10.8.6 Market estimates & forecast, by end-use, 2018-2032
- 10.9 New Zealand
- 10.9.1 Market estimates & forecast, 2018-2032
- 10.9.2 Market estimates & forecast, by type, 2018-2032
- 10.9.3 Market estimates & forecast, by fuel type, 2018-2032
- 10.9.4 Market estimates & forecast, by orbit type, 2018-2032
- 10.9.5 Market estimates & forecast, by vehicle type, 2018-2032
- 10.9.6 Market estimates & forecast, by end-use, 2018-2032
- 10.10 Iran
- 10.10.1 Market estimates & forecast, 2018-2032
- 10.10.2 Market estimates & forecast, by type, 2018-2032
- 10.10.3 Market estimates & forecast, by fuel type, 2018-2032
- 10.10.4 Market estimates & forecast, by orbit type, 2018-2032
- 10.10.5 Market estimates & forecast, by vehicle type, 2018-2032
- 10.10.6 Market estimates & forecast, by end-use, 2018-2032
- 10.11 Others
- 10.11.1 Israel
- 10.11.2 North Korea
- 10.11.3 Market estimates & forecast, 2018-2032
- 10.11.4 Market estimates & forecast, by type, 2018-2032
- 10.11.5 Market estimates & forecast, by fuel type, 2018-2032
- 10.11.6 Market estimates & forecast, by orbit type, 2018-2032
- 10.11.7 Market estimates & forecast, by vehicle type, 2018-2032
- 10.11.8 Market estimates & forecast, by end-use, 2018-2032
Chapter 11 Company Profiles
- 11.1 Airbus S.A.S.
- 11.1.1 Business Overview
- 11.1.2 Financial Data
- 11.1.3 Product Landscape
- 11.1.4 Strategic Outlook
- 11.1.5 SWOT Analysis
- 11.2 Antrix Corporation Limited (ACL-ISRO)
- 11.2.1 Business Overview
- 11.2.2 Financial Data
- 11.2.3 Product Landscape
- 11.2.4 Strategic Outlook
- 11.2.5 SWOT Analysis
- 11.3 Avio Group
- 11.3.1 Business Overview
- 11.3.2 Financial Data
- 11.3.3 Product Landscape
- 11.3.4 Strategic Outlook
- 11.3.5 SWOT Analysis
- 11.4 Blue Origin
- 11.4.1 Business Overview
- 11.4.2 Financial Data
- 11.4.3 Product Landscape
- 11.4.4 Strategic Outlook
- 11.4.5 SWOT Analysis
- 11.5 China Great Wall Industry Corporation (CGWIC)
- 11.5.1 Business Overview
- 11.5.2 Financial Data
- 11.5.3 Product Landscape
- 11.5.4 Strategic Outlook
- 11.5.5 SWOT Analysis
- 11.6 Dawn Aerospace
- 11.6.1 Business Overview
- 11.6.2 Financial Data
- 11.6.3 Product Landscape
- 11.6.4 Strategic Outlook
- 11.6.5 SWOT Analysis
- 11.7 IHI Corporation
- 11.7.1 Business Overview
- 11.7.2 Financial Data
- 11.7.3 Product Landscape
- 11.7.4 Strategic Outlook
- 11.7.5 SWOT Analysis
- 11.8 Lockheed Martin Corporation
- 11.8.1 Business Overview
- 11.8.2 Financial Data
- 11.8.3 Product Landscape
- 11.8.4 Strategic Outlook
- 11.8.5 SWOT Analysis
- 11.9 L3 Harris Technologies, Inc.
- 11.9.1 Business Overview
- 11.9.2 Financial Data
- 11.9.3 Product Landscape
- 11.9.4 Strategic Outlook
- 11.9.5 SWOT Analysis
- 11.10 Mitsubishi Heavy Industries, Ltd.
- 11.10.1 Business Overview
- 11.10.2 Financial Data
- 11.10.3 Product Landscape
- 11.10.4 Strategic Outlook
- 11.10.5 SWOT Analysis
- 11.11 MOOG Inc.
- 11.11.1 Business Overview
- 11.11.2 Financial Data
- 11.11.3 Product Landscape
- 11.11.4 Strategic Outlook
- 11.11.5 SWOT Analysis
- 11.12 National Aeronautics and Space Administration (NASA)
- 11.12.1 Business Overview
- 11.12.2 Financial Data
- 11.12.3 Product Landscape
- 11.12.4 Strategic Outlook
- 11.12.5 SWOT Analysis
- 11.13 Northrop Grumman (Orbital ATK)
- 11.13.1 Business Overview
- 11.13.2 Financial Data
- 11.13.3 Product Landscape
- 11.13.4 Strategic Outlook
- 11.13.5 SWOT Analysis
- 11.14 PA YUZHMASH
- 11.14.1 Business Overview
- 11.14.2 Financial Data
- 11.14.3 Product Landscape
- 11.14.4 Strategic Outlook
- 11.14.5 SWOT Analysis
- 11.15 Rafael Advanced Defense Systems Ltd.
- 11.15.1 Business Overview
- 11.15.2 Financial Data
- 11.15.3 Product Landscape
- 11.15.4 Strategic Outlook
- 11.15.5 SWOT Analysis
- 11.16 Rocket Lab USA
- 11.16.1 Business Overview
- 11.16.2 Financial Data
- 11.16.3 Product Landscape
- 11.16.4 Strategic Outlook
- 11.16.5 SWOT Analysis
- 11.17 Safran
- 11.17.1 Business Overview
- 11.17.2 Financial Data
- 11.17.3 Product Landscape
- 11.17.4 Strategic Outlook
- 11.17.5 SWOT Analysis
- 11.18 Space Exploration Technologies Corp.
- 11.18.1 Business Overview
- 11.18.2 Financial Data
- 11.18.3 Product Landscape
- 11.18.4 Strategic Outlook
- 11.18.5 SWOT Analysis
- 11.19 URSA Major Technologies Inc.
- 11.19.1 Business Overview
- 11.19.2 Financial Data
- 11.19.3 Product Landscape
- 11.19.4 Strategic Outlook
- 11.19.5 SWOT Analysis
- 11.20 Virgin Galactic
- 11.20.1 Business Overview
- 11.20.2 Financial Data
- 11.20.3 Product Landscape
- 11.20.4 Strategic Outlook
- 11.20.5 SWOT Analysis