Rocket Propulsion Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Rocket Propulsion Market size is set to record over 7% CAGR from 2024 to 2032 due to the increasing collaborations and partnerships.

Companies and research institutions are uniting, pooling resources, and sharing expertise, pushing technological boundaries. These collaborations are making way for innovative propulsion systems to cater to the surging demands of space exploration and commercial launches. Moreover, these partnerships cultivate an environment that needs continuous breakthroughs in propulsion technology. For example, in March 2024, the Indian Space Research Organization (ISRO), in partnership with Hindustan Aeronautics Limited (HAL) and the National Aerospace Laboratories (NAL), is leading a groundbreaking initiative to craft advanced hybrid and electric rocket propulsion systems.

The rocket propulsion industry is segmented into type, fuel, orbit, vehicle type, end-use, and region.

The market share from the rocket motors type segment will record a decent growth rate between 2024 and 2032, due to their inherent simplicity and reliability. Solid rocket motors are being fine-tuned for superior performance. Concurrently, liquid rocket motors, celebrated for their efficiency and controllability, are enhanced to boost thrust and minimize environmental impact. Hybrid rocket motors, which merge the advantages of both solid and liquid systems, are under active development for their promise of safety and performance balance.

In terms of fuel type, the rocket propulsion market value from the liquid fuel segment is anticipated to witness a significant CAGR from 2024-2032, fueled by a rising demand for enhanced propulsion efficiency and performance. Traditional fuels, such as RP-1 (a refined kerosene variant) and liquid hydrogen, are being fine-tuned for superior thrust and energy efficiency. Additionally, researchers are delving into alternatives like liquid methane, which is garnering attention for its storage simplicity and improved specific impulse.

Asia Pacific rocket propulsion industry size will record a significant CAGR through 2032 due to rising government funding and space programs. Countries like China, India, and Japan are investing heavily in their space initiatives, leading to the development of cutting-edge propulsion technologies. The ongoing commitment to funding and program development is ensuring that Asia Pacific remains at the forefront of rocket propulsion advancements whilst paving the way for more efficient and powerful space missions.

Product Code: 3047

Chapter 1 Scope and Methodology

1.1 Market scope and definitions
1.2 Methodology and 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 and Africa
1.4 Data sources
- 1.4.1 Secondary
- 1.4.2 Primary
1.5 Industry glossary

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2023 - 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 Industry Insights

3.1 Introduction
3.2 Impact of the COVID-19 pandemic on the market
- 3.2.1 Impact by country
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 and initiatives
- 3.9.1 Acquisitions and mergers
- 3.9.2 Partnerships and 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
  - 3.10.2.2 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
  - 3.10.6.1 UAE Space Law
3.11 Industry impact forces
- 3.11.1 Growth drivers
  - 3.11.1.1 Increasing number of satellite launches
  - 3.11.1.2 Rising defense budgets
  - 3.11.1.3 Advancements in propulsion technologies
  - 3.11.1.4 Growing interest in space tourism
  - 3.11.1.5 Government initiatives and collaborations
- 3.11.2 Pitfall and challenges
  - 3.11.2.1 Technical challenges in developing advanced propulsion systems
  - 3.11.2.2 Geopolitical tensions significantly impact international collaborations
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, 2023

4.1 Introduction
4.2 Market share analysis, 2023
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
- 4.3.5 IHI Corporation
- 4.3.6 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 Market Estimates and Forecast, By Type, 2021 - 2032 (USD Million)

5.1 Key trends, by type
5.2 Rocket motors
5.3 Rocket engines

Chapter 6 Market Estimates and Forecast, By Fuel Type, 2021 - 2032 (USD Million)

6.1 Key trends, by fuel type
6.2 Solid fuel
6.3 Liquid fuel
6.4 Hybrid fuel

Chapter 7 Market Estimates and Forecast, By Orbit Type, 2021 - 2032 (USD Million)

7.1 Key trends, by orbit type
7.2 Low earth orbit
7.3 Medium earth orbit (MEO)
7.4 Geostationary earth orbit
7.5 Beyond geosynchronous earth orbit (BGEO)

Chapter 8 Market Estimates and Forecast, By Vehicle Type, 2021 - 2032 (USD Million)

8.1 Key trends, by vehicle type
8.2 Unmanned
8.3 Manned

Chapter 9 Market Estimates and Forecast, By End-Use, 2021 - 2032 (USD Million)

9.1 Key trends, by end-use
9.2 Defense and civil
9.3 Commercial

Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
10.6 MEA
- 10.6.1 UAE
- 10.6.2 Saudi Arabia
- 10.6.3 South Africa
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Airbus S.A.S.
11.2 Antrix Corporation Limited (ACL-ISRO)
11.3 Avio Group
11.4 Blue Origin
11.5 China Great Wall Industry Corporation (CGWIC)
11.6 Dawn Aerospace
11.7 IHI Corporation
11.8 Lockheed Martin Corporation
11.9 L3Harris Technologies, Inc.
11.10 Mitsubishi Heavy Industries, Ltd.
11.11 MOOG Inc.
11.12 National Aeronautics and Space Administration (NASA)
11.13 Northrop Grumman (Orbital ATK)
11.14 PA YUZHMASH
11.15 Rafael Advanced Defense Systems Ltd.
11.16 Rocket Lab USA
11.17 Safran
11.18 Space Exploration Technologies Corp.
11.19 URSA Major Technologies Inc.
11.20 Virgin Galactic