Rocket Engine Market Report (2021-2031) | The Insight Partners
The Rocket Engine Market is expected to register a CAGR of 9.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Liquid Rocket Engine, Solid Rocket Engine); Application (Spacecraft, Ballistic Missiles). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Rocket Engine Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Rocket Engine Market Segmentation
Type- Liquid Rocket Engine
- Solid Rocket Engine
- Spacecraft
- Ballistic Missiles
Strategic Insights
Rocket Engine Market Growth Drivers- Growing Number of Space Programs: The rising investments in the space exploration programs is one of the major factors propelling the growth of rocket engine market.
- Demand for Reusable Launch Vehicles: The growing demand for reusable launch vehicles from launch service providers is another major factor supporting the growth of rocket engine market.
- Growing Demand for Commercial Space Launches: The rocket engine market is also expected to be boosted by growing interest in commercial space exploration and satellite deployment. Companies such as SpaceX, Blue Origin, and others are expanding their launch capabilities to fulfill the increasing demand for satellite internet, Earth observation, and other commercial applications. This has led to a boost in the number of commercial launches and investments in advanced rocket engine technologies.
- Government Investments in Space Exploration: Governments across the globe are increasing their investment in space exploration missions, including those to the Moon, Mars, and beyond. National space agencies, such as NASA, ESA, and ISRO, are developing new rockets and propulsion systems to support these ambitious missions, driving demand for innovative rocket engines. The focus on deep space missions and the exploration of other celestial bodies necessitates advanced propulsion technologies.
- Upcoming Satellite Launches: More than 28,000 small satellites are expected to be launched during 2023-2035 which is further likely to generate new opportunities for market vendors in the coming years.
- Demand for Space Tourism: The skyrocketing demand for space tourism in the coming years is further likely to generate future opportunities for market vendors in the coming years.
- Advances in Rocket Engine Technologies: Continuous improvements in rocket engine technologies, including reusable engines, hybrid propulsion systems, and more efficient designs, are propelling the market forward. These innovations reduce launch costs and improve performance overall, making space access more viable for stakeholders such as private companies, governments, and research organizations. As technology progresses, more efficient and powerful rocket engines are being developed and made available, further contributing to the growth of the market.
- Higher Efficiency Engines: The development of higher efficiency and higher thrust engines is one of the key trends pushing the growth of rocket engine market across different regions.
- Rising collaborations, Mergers and Acquisitions Among the Key Players: The increasing trend of international collaborations in space exploration and research initiatives creates new opportunities for the rocket engine market. Joint missions involving multiple countries and organizations require advanced propulsion systems that can meet diverse operational demands. For example, initiatives like the Artemis program, with the aim of returning humans to the Moon, involve collaboration between NASA and various international space agencies. This opens avenues for partnerships and contracts in developing specialized rocket engines that cater to specific mission profiles. Manufacturers can take this opportunity by positioning themselves as reliable partners in international space ventures, contributing innovative propulsion solutions that align with global space exploration goals.
- Advances in Reusable Rocket Technologies: Development and commercialization of reusable rocket technologies have provided an immense opportunity for the rocket engine market. As firms such as SpaceX and Blue Origin make reusability credible, the market is moving to the refurbishable engines which can be relaunched several times. Such a trend brings the cost of access to space much lower, opens doors to frequent launches, and also brings new customers onboard. This could also be the time that manufacturers could invest in research and development to produce engines not only reusable but more efficient and easy to maintain to increase their competitiveness in the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Rocket Engine Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Rocket Engine Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Rocket Engine Market is estimated to witness a CAGR of 9.1% from 2023 to 2031
The major factors driving the rocket engine market are:
1. Growing Number of Space Programs
2. Demand for Reusable Launch Vehicles
Some of the major trends driving the rocket engine market are:
1. Higher Efficiency Engines
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Rocket Engine Market - By Type
1.3.2 Rocket Engine Market - By Application
1.3.3 Rocket Engine Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ROCKET ENGINE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ROCKET ENGINE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ROCKET ENGINE MARKET - GLOBAL MARKET ANALYSIS
6.1. ROCKET ENGINE - GLOBAL MARKET OVERVIEW
6.2. ROCKET ENGINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ROCKET ENGINE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LIQUID ROCKET ENGINE
7.3.1. Overview
7.3.2. Liquid Rocket Engine Market Forecast and Analysis
7.4. SOLID ROCKET ENGINE
7.4.1. Overview
7.4.2. Solid Rocket Engine Market Forecast and Analysis
8. ROCKET ENGINE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. SPACECRAFT
8.3.1. Overview
8.3.2. Spacecraft Market Forecast and Analysis
8.4. BALLISTIC MISSILES
8.4.1. Overview
8.4.2. Ballistic Missiles Market Forecast and Analysis
9. ROCKET ENGINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Rocket Engine Market Overview
9.1.2 North America Rocket Engine Market Forecasts and Analysis
9.1.3 North America Rocket Engine Market Forecasts and Analysis - By Type
9.1.4 North America Rocket Engine Market Forecasts and Analysis - By Application
9.1.5 North America Rocket Engine Market Forecasts and Analysis - By Countries
9.1.5.1 United States Rocket Engine Market
9.1.5.1.1 United States Rocket Engine Market by Type
9.1.5.1.2 United States Rocket Engine Market by Application
9.1.5.2 Canada Rocket Engine Market
9.1.5.2.1 Canada Rocket Engine Market by Type
9.1.5.2.2 Canada Rocket Engine Market by Application
9.1.5.3 Mexico Rocket Engine Market
9.1.5.3.1 Mexico Rocket Engine Market by Type
9.1.5.3.2 Mexico Rocket Engine Market by Application
9.2. EUROPE
9.2.1 Europe Rocket Engine Market Overview
9.2.2 Europe Rocket Engine Market Forecasts and Analysis
9.2.3 Europe Rocket Engine Market Forecasts and Analysis - By Type
9.2.4 Europe Rocket Engine Market Forecasts and Analysis - By Application
9.2.5 Europe Rocket Engine Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Rocket Engine Market
9.2.5.1.1 Germany Rocket Engine Market by Type
9.2.5.1.2 Germany Rocket Engine Market by Application
9.2.5.2 France Rocket Engine Market
9.2.5.2.1 France Rocket Engine Market by Type
9.2.5.2.2 France Rocket Engine Market by Application
9.2.5.3 Italy Rocket Engine Market
9.2.5.3.1 Italy Rocket Engine Market by Type
9.2.5.3.2 Italy Rocket Engine Market by Application
9.2.5.4 United Kingdom Rocket Engine Market
9.2.5.4.1 United Kingdom Rocket Engine Market by Type
9.2.5.4.2 United Kingdom Rocket Engine Market by Application
9.2.5.5 Russia Rocket Engine Market
9.2.5.5.1 Russia Rocket Engine Market by Type
9.2.5.5.2 Russia Rocket Engine Market by Application
9.2.5.6 Rest of Europe Rocket Engine Market
9.2.5.6.1 Rest of Europe Rocket Engine Market by Type
9.2.5.6.2 Rest of Europe Rocket Engine Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Rocket Engine Market Overview
9.3.2 Asia-Pacific Rocket Engine Market Forecasts and Analysis
9.3.3 Asia-Pacific Rocket Engine Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Rocket Engine Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Rocket Engine Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Rocket Engine Market
9.3.5.1.1 Australia Rocket Engine Market by Type
9.3.5.1.2 Australia Rocket Engine Market by Application
9.3.5.2 China Rocket Engine Market
9.3.5.2.1 China Rocket Engine Market by Type
9.3.5.2.2 China Rocket Engine Market by Application
9.3.5.3 India Rocket Engine Market
9.3.5.3.1 India Rocket Engine Market by Type
9.3.5.3.2 India Rocket Engine Market by Application
9.3.5.4 Japan Rocket Engine Market
9.3.5.4.1 Japan Rocket Engine Market by Type
9.3.5.4.2 Japan Rocket Engine Market by Application
9.3.5.5 South Korea Rocket Engine Market
9.3.5.5.1 South Korea Rocket Engine Market by Type
9.3.5.5.2 South Korea Rocket Engine Market by Application
9.3.5.6 Rest of Asia-Pacific Rocket Engine Market
9.3.5.6.1 Rest of Asia-Pacific Rocket Engine Market by Type
9.3.5.6.2 Rest of Asia-Pacific Rocket Engine Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Rocket Engine Market Overview
9.4.2 Middle East and Africa Rocket Engine Market Forecasts and Analysis
9.4.3 Middle East and Africa Rocket Engine Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Rocket Engine Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Rocket Engine Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Rocket Engine Market
9.4.5.1.1 South Africa Rocket Engine Market by Type
9.4.5.1.2 South Africa Rocket Engine Market by Application
9.4.5.2 Saudi Arabia Rocket Engine Market
9.4.5.2.1 Saudi Arabia Rocket Engine Market by Type
9.4.5.2.2 Saudi Arabia Rocket Engine Market by Application
9.4.5.3 U.A.E Rocket Engine Market
9.4.5.3.1 U.A.E Rocket Engine Market by Type
9.4.5.3.2 U.A.E Rocket Engine Market by Application
9.4.5.4 Rest of Middle East and Africa Rocket Engine Market
9.4.5.4.1 Rest of Middle East and Africa Rocket Engine Market by Type
9.4.5.4.2 Rest of Middle East and Africa Rocket Engine Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Rocket Engine Market Overview
9.5.2 South and Central America Rocket Engine Market Forecasts and Analysis
9.5.3 South and Central America Rocket Engine Market Forecasts and Analysis - By Type
9.5.4 South and Central America Rocket Engine Market Forecasts and Analysis - By Application
9.5.5 South and Central America Rocket Engine Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Rocket Engine Market
9.5.5.1.1 Brazil Rocket Engine Market by Type
9.5.5.1.2 Brazil Rocket Engine Market by Application
9.5.5.2 Argentina Rocket Engine Market
9.5.5.2.1 Argentina Rocket Engine Market by Type
9.5.5.2.2 Argentina Rocket Engine Market by Application
9.5.5.3 Rest of South and Central America Rocket Engine Market
9.5.5.3.1 Rest of South and Central America Rocket Engine Market by Type
9.5.5.3.2 Rest of South and Central America Rocket Engine Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ROCKET ENGINE MARKET, KEY COMPANY PROFILES
11.1. CASC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. SPACE X
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. NAROM
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. AEROJET ROCKETDYNE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MITSUBISHI HEAVY INDUSTRIES, LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SAFRAN
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. BLUE ORIGIN
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. IHI CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. YUZHNOYE SDO
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ULTRAMET
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. CASC
2. Space X
3. NAROM
4. Aerojet Rocketdyne
5. MITSUBISHI HEAVY INDUSTRIES, LTD.
6. Safran
7. BLUE ORIGIN
8. IHI Corporation
9. Yuzhnoye SDO
10. Ultramet
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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