Rocket Engine Market Report 2025 (Global Edition)

Global Rocket Engine Market Report 2025 Market Size Split by Orbit (LEO and Elliptical, GEO, MEO), by Application (Communication, Earth Observation, Navigation, Global Positioning System (GPS) and Sur...

Rocket Engine Market Report Description

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Rocket Engine Market Insights Video

Competitive Landscape of Rocket Engine

The competitive landscape of the rocket engine market is dynamic and characterized by several key players vying for market share and dominance. These companies are continuously innovating and collaborating to stay at the forefront of space exploration and satellite deployment. 

March 2023:Northrop Grumman Corporation successfully conducted a test fire of the Stage-One Solid Rocket Motor for their advanced Sentinel missile. This missile features a three-stage booster, with Northrop taking charge of manufacturing the initial and secondary boosters. The booster showcases an enhanced design that offers superior reliability, safety, and sustainability.

(Source:news.northropgrumman.com/news/releases/northrop-grumman-test-fires-stage-one-solid-rocket-motor-for-sentinel-missile)

August 2022:Ursa Major, a startup specializing in rocket propulsion, recently declared that it has secured a contract with the U.S. Air Force valued at USD 3.6 Million. This agreement is aimed at providing support for the advancement of the company's Hadley liquid engine, specifically designed for small launch vehicles.

(Source:spacenews.com/ursa-major-wins-3-6-million-u-s-air-force-contract-to-flight-qualify-rocket-engine/)

Top Companies Market Share in Rocket Engine Industry: (In no particular order of Rank)

• Blue Origin 
• Virgin Galactic 
• Moog Inc. 
• Boeing Company 
• Rocket Lab USA 
• Airbus 
• Mitsubishi Heavy Industries 
• Safran S.A. 
• Northrop Grumman 
• Spacex
• Antrix Corporation Limited
• AerojetRocketdyne
• NPO Energomash
• Orbital ATK 
• Safran S.A. 
• Safran Exploration Technologies Corp.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

The North America Rocket Engine Market Dominates the Largest Share of Global Market

According to Cognitive Market Research, North America holds dominance in the Rocket Engine Market due to several key factors. The region benefits from its long-standing presence in space exploration and satellite technology, with NASA (National Aeronautics and Space Administration) being a pioneer in the field. Additionally, North America boasts a robust aerospace industry, housing major companies like SpaceX, Blue Origin, and Boeing, which are continually developing and launching rockets and spacecraft.Within North America, the United States stands as the dominant country in the Rocket Engine Market. This supremacy can be attributed to several factors. Firstly, the United States has a rich history of space exploration and has been at the forefront of developing cutting-edge rocket technology. NASA's significant contributions to space exploration, including the Apollo missions and the Space Shuttle program, have solidified the country's position in the market.

Asia-Pacific is the fastest-growing region in the rocket engine market, and this growth can be attributed to several key factors. The region has witnessed a significant increase in government investments in space exploration and satellite technology. Countries like China and India have launched ambitious space missions and established themselves as emerging spacefaring nations. China, for instance, has successfully sent astronauts to space, landed rovers on the moon, and built its space station. These endeavors have led to an increased demand for rocket engines to power various space missions.

The current report Scope analyzes Rocket Engine Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Rocket Engine Market Analysis

Orbit Segment Analysis

According to Cognitive Market Research, the dominant category is LEO and elliptical orbits. These orbits are primarily dominated by missions such as satellite deployment, space station resupply, and space exploration missions. The demand for rocket engines for launching payloads into Low Earth Orbit (LEO) and Elliptical Orbits is consistently high due to the increasing number of satellite constellations, communication networks, and scientific missions. LEO is a preferred orbit for many Earth observation satellites, while Elliptical Orbits are often used for missions that require extended coverage of specific regions.

GEO is the fastest-growing category in the rocket engine market. GEO orbits are essential for telecommunications and broadcasting satellites because they provide a fixed position relative to the Earth's surface, allowing continuous coverage of specific regions. The increasing demand for high-speed internet, high-definition broadcasting, and global connectivity has led to a surge in the deployment of GEO satellites. As a result, the demand for rocket engines capable of delivering payloads to GEO orbits has seen significant growth.

• LEO and Elliptical
• GEO
• MEO

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Rocket Engine Industry. Request a Free Sample PDF!

Application Segment Analysis

According to Cognitive Market Research, the dominant category is communication. Communication satellites play a crucial role in modern society, enabling global connectivity for telecommunications, internet access, television broadcasting, and more. As the demand for high-speed, reliable communication services continues to grow worldwide, there is a consistent need for launching and maintaining communication satellites. This drives the demand for rocket engines designed to place these satellites into their designated orbits, making the Communication category dominant in the market.

The fastest-growing category in the rocket engine market is earth observation. Earth observation satellites are increasingly used for various applications, including environmental monitoring, disaster management, agriculture, urban planning, and more. Governments, research institutions, and private companies are launching more Earth observation satellites to gather valuable data about our planet. This surge in demand for Earth observation missions is propelling the growth of rocket engines specifically tailored for these applications, making Earth Observation the fastest-growing category in the market.

• Communication
• Earth Observation
• Navigation
• Global Positioning System (GPS) and Surveillance
• Technology Development and Education
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Rocket Engine End Use Segment Analysis

The dominant category is the civil and government sector. This sector encompasses government space agencies, such as NASA in the United States and similar agencies worldwide, as well as civil space exploration programs. The dominance of the Civil and Government sector is primarily due to extensive space exploration missions, scientific research endeavors, and the development of infrastructure in space, including space stations and observatories. These missions require reliable and high-performance rocket engines for launching spacecraft, satellites, and crewed missions into space.

According to Cognitive Market Research, the fastest-growing category in the rocket engine market is the commercial sector. Commercial space ventures have experienced significant growth in recent years, driven by companies like SpaceX, Blue Origin, and numerous startups. These companies aim to provide a wide range of space services, from launching satellites to supporting tourism and colonization efforts. The commercial sector's rapid expansion is fueled by increased private investment, innovative technologies, and the drive to reduce the cost of access to space.

• Civil and Government
• Commercial
• Military

Rocket Engine Propulsion Segment Analysis

According to Cognitive Market Research, the dominant category is liquid propulsion. Liquid rocket engines have been a preferred choice for various space missions due to their high performance, controllability, and efficiency. They are commonly used in launch vehicles, upper stages, and spacecraft propulsion systems. Liquid propulsion systems offer the advantage of throttling and precise control, making them suitable for a wide range of missions, including crewed spaceflights and satellite deployments.

The fastest-growing category is hybrid propulsion. Hybrid rocket engines combine elements of both solid and liquid propulsion systems, offering benefits like safety, cost-effectiveness, and flexibility. They are gaining popularity in the market due to their potential for reducing launch costs and enhancing safety compared to traditional solid or liquid engines. The versatility of hybrid propulsion systems makes them well-suited for emerging space companies and small satellite launch providers, contributing to their rapid growth in the Rocket Engine Market.

• Solid
• Liquid
• Hybrid

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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