The global Rocket Engine market size is predicted to grow from US$ 5520 million in 2025 to US$ 8052 million in 2031; it is expected to grow at a CAGR of 6.5% from 2025 to 2031.
A rocket engine is a propulsion system that generates thrust by expelling high-temperature, high-pressure gases produced from the chemical reaction between fuel and an oxidizer. It operates in low-pressure or vacuum environments, such as outer space, and is the core power unit of a rocket, enabling it to overcome Earth's gravity and reach the desired orbit or velocity.
The global rocket engine market is expected to grow steadily from 2025 to 2030. The core drivers of this growth include the explosive growth of commercial space activities, the accelerated deployment of satellite Internet constellations, the increase in deep space exploration missions, and the emphasis of various countries on national security and strategic autonomy. However, the market shows obvious regional differences and differentiation of technical paths: the North American market is becoming more mature but the growth rate is slowing down. In the future, with the development of recyclable technology, the market size has a downward trend, while Asia-Pacific and Europe are rapidly expanding based on emerging demand and policy support, and the regional competition pattern is further complicated.
From the perspective of technical routes, reusable engines (such as SpaceX's Raptor series and Blue Origin's BE-4) have gradually become mainstream, driving down launch costs; at the same time, in response to the global carbon neutrality goal, environmentally friendly technologies such as liquid oxygen and methane and green propellants are accelerating penetration. Traditional liquid oxygen and kerosene engines (such as Russia's RD-180 and China's YF-100) still occupy an important position in the field of low cost and high reliability, while hydrogen and oxygen engines (such as Europe's Vulcain and Japan's LE-9) still play an irreplaceable role in high-performance missions.
The North American market size is $1.29 billion in 2024, and is expected to reach $1.637 billion in 2025 and $1.52 billion in 2031, with a CAGR of -1.23%. This negative growth reflects the involutionary characteristics of the market after it has become relatively mature. SpaceX has monopolized nearly 70% of the global launch market share with its reusable technology, forcing traditional suppliers (such as Aerojet Rocketdyne and Northrop Grumman) to transform to low-cost solutions, putting profit margins under pressure. The market size in the Asia-Pacific region will reach $2.77 billion in 2024 (accounting for 54.4% of the world) and will soar to $4.47 billion in 2031, with a CAGR of 7.72%, becoming the core engine of global growth. China Aerospace Science and Technology Corporation (CASC) has achieved independent control of the entire engine industry chain through the Long March series of rockets. The YF-100 (liquid oxygen kerosene) and YF-77 (hydrogen and oxygen) engines support low-Earth orbit and deep space exploration missions. On the policy side, the "14th Five-Year Plan" space plan clearly promotes the development of heavy rockets and reusable technologies, further releasing market potential. At the same time, commercial aerospace in the Asia-Pacific region has exploded, and satellite constellation plans (such as China's "Hongyan" and South Korea's "Hanxing") have spawned demand for small and medium-sized rockets, driving the market expansion of low-cost engines (such as solid engines and small liquid engines). In 2024, the world's top five companies (China Aerospace Science and Technology Corporation, Kuznetsov, SpaceX, Aerojet Rocketdyne, and NPO Energomash) will account for a total of 83.64% of revenue share. The market concentration is high, but the competition dimension presents new characteristics. SpaceX, with the "Raptor" engine as its core, has reduced costs to 1/10 of traditional engines through vertical integration and large-scale mass production, subverting industry pricing rules. Emerging companies (such as Rocket Lab's Rutherford engine and Blue Origin's BE-4) have entered the market segment through technologies such as 3D printing and intelligent manufacturing.
The global rocket engine market is in a period of profound changes in technology routes, regional patterns, and business models. In the short term, leading enterprises rely on scale effects and policy barriers to maintain their dominant position; in the medium and long term, innovations such as reusability, green promotion, and intelligent manufacturing will reshape industry rules. For participants, building technological autonomy, optimizing supply chain resilience, and expanding commercial application scenarios will become the key to winning the future.
The 鈥淩ocket Engine Industry Forecast鈥� looks at past sales and reviews total world Rocket Engine sales in 2024, providing a comprehensive analysis by region and market sector of projected Rocket Engine sales for 2025 through 2031. With Rocket Engine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Rocket Engine industry.
This Insight Report provides a comprehensive analysis of the global Rocket Engine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Rocket Engine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Rocket Engine market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rocket Engine and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Rocket Engine.
This report presents a comprehensive overview, market shares, and growth opportunities of Rocket Engine market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Liquid Rocket Engine
Solid Rocket Engine
Segmentation by Application:
Non-reusable Rockets
Reusable Rocket
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
CASC
JSC Kuznetsov
Space X
Aerojet Rocketdyne
NPO Energomash
Northrop Grumman
Mitsubishi Heavy Industries
MTAR Technologies
IHI Corporation
Rocket Lab
ArianeGroup
Key Questions Addressed in this Report
What is the 10-year outlook for the global Rocket Engine market?
What factors are driving Rocket Engine market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Rocket Engine market opportunities vary by end market size?
How does Rocket Engine break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Rocket Engine Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Rocket Engine by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Rocket Engine by Country/Region, 2020, 2024 & 2031
2.2 Rocket Engine Segment by Type
2.2.1 Liquid Rocket Engine
2.2.2 Solid Rocket Engine
2.3 Rocket Engine Sales by Type
2.3.1 Global Rocket Engine Sales Market Share by Type (2020-2025)
2.3.2 Global Rocket Engine Revenue and Market Share by Type (2020-2025)
2.3.3 Global Rocket Engine Sale Price by Type (2020-2025)
2.4 Rocket Engine Segment by Application
2.4.1 Non-reusable Rockets
2.4.2 Reusable Rocket
2.5 Rocket Engine Sales by Application
2.5.1 Global Rocket Engine Sale Market Share by Application (2020-2025)
2.5.2 Global Rocket Engine Revenue and Market Share by Application (2020-2025)
2.5.3 Global Rocket Engine Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Rocket Engine Breakdown Data by Company
3.1.1 Global Rocket Engine Annual Sales by Company (2020-2025)
3.1.2 Global Rocket Engine Sales Market Share by Company (2020-2025)
3.2 Global Rocket Engine Annual Revenue by Company (2020-2025)
3.2.1 Global Rocket Engine Revenue by Company (2020-2025)
3.2.2 Global Rocket Engine Revenue Market Share by Company (2020-2025)
3.3 Global Rocket Engine Sale Price by Company
3.4 Key Manufacturers Rocket Engine Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Rocket Engine Product Location Distribution
3.4.2 Players Rocket Engine Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Rocket Engine by Geographic Region
4.1 World Historic Rocket Engine Market Size by Geographic Region (2020-2025)
4.1.1 Global Rocket Engine Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Rocket Engine Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Rocket Engine Market Size by Country/Region (2020-2025)
4.2.1 Global Rocket Engine Annual Sales by Country/Region (2020-2025)
4.2.2 Global Rocket Engine Annual Revenue by Country/Region (2020-2025)
4.3 Americas Rocket Engine Sales Growth
4.4 APAC Rocket Engine Sales Growth
4.5 Europe Rocket Engine Sales Growth
4.6 Middle East & Africa Rocket Engine Sales Growth
5 Americas
5.1 Americas Rocket Engine Sales by Country
5.1.1 Americas Rocket Engine Sales by Country (2020-2025)
5.1.2 Americas Rocket Engine Revenue by Country (2020-2025)
5.2 Americas Rocket Engine Sales by Type (2020-2025)
5.3 Americas Rocket Engine Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Rocket Engine Sales by Region
6.1.1 APAC Rocket Engine Sales by Region (2020-2025)
6.1.2 APAC Rocket Engine Revenue by Region (2020-2025)
6.2 APAC Rocket Engine Sales by Type (2020-2025)
6.3 APAC Rocket Engine Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Rocket Engine by Country
7.1.1 Europe Rocket Engine Sales by Country (2020-2025)
7.1.2 Europe Rocket Engine Revenue by Country (2020-2025)
7.2 Europe Rocket Engine Sales by Type (2020-2025)
7.3 Europe Rocket Engine Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Rocket Engine by Country
8.1.1 Middle East & Africa Rocket Engine Sales by Country (2020-2025)
8.1.2 Middle East & Africa Rocket Engine Revenue by Country (2020-2025)
8.2 Middle East & Africa Rocket Engine Sales by Type (2020-2025)
8.3 Middle East & Africa Rocket Engine Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Rocket Engine
10.3 Manufacturing Process Analysis of Rocket Engine
10.4 Industry Chain Structure of Rocket Engine
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Rocket Engine Distributors
11.3 Rocket Engine Customer
12 World Forecast Review for Rocket Engine by Geographic Region
12.1 Global Rocket Engine Market Size Forecast by Region
12.1.1 Global Rocket Engine Forecast by Region (2026-2031)
12.1.2 Global Rocket Engine Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Rocket Engine Forecast by Type (2026-2031)
12.7 Global Rocket Engine Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 CASC
13.1.1 CASC Company Information
13.1.2 CASC Rocket Engine Product Portfolios and Specifications
13.1.3 CASC Rocket Engine Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 CASC Main Business Overview
13.1.5 CASC Latest Developments
13.2 JSC Kuznetsov
13.2.1 JSC Kuznetsov Company Information
13.2.2 JSC Kuznetsov Rocket Engine Product Portfolios and Specifications
13.2.3 JSC Kuznetsov Rocket Engine Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 JSC Kuznetsov Main Business Overview
13.2.5 JSC Kuznetsov Latest Developments
13.3 Space X
13.3.1 Space X Company Information
13.3.2 Space X Rocket Engine Product Portfolios and Specifications
13.3.3 Space X Rocket Engine Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Space X Main Business Overview
13.3.5 Space X Latest Developments
13.4 Aerojet Rocketdyne
13.4.1 Aerojet Rocketdyne Company Information
13.4.2 Aerojet Rocketdyne Rocket Engine Product Portfolios and Specifications
13.4.3 Aerojet Rocketdyne Rocket Engine Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Aerojet Rocketdyne Main Business Overview
13.4.5 Aerojet Rocketdyne Latest Developments
13.5 NPO Energomash
13.5.1 NPO Energomash Company Information
13.5.2 NPO Energomash Rocket Engine Product Portfolios and Specifications
13.5.3 NPO Energomash Rocket Engine Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 NPO Energomash Main Business Overview
13.5.5 NPO Energomash Latest Developments
13.6 Northrop Grumman
13.6.1 Northrop Grumman Company Information
13.6.2 Northrop Grumman Rocket Engine Product Portfolios and Specifications
13.6.3 Northrop Grumman Rocket Engine Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Northrop Grumman Main Business Overview
13.6.5 Northrop Grumman Latest Developments
13.7 Mitsubishi Heavy Industries
13.7.1 Mitsubishi Heavy Industries Company Information
13.7.2 Mitsubishi Heavy Industries Rocket Engine Product Portfolios and Specifications
13.7.3 Mitsubishi Heavy Industries Rocket Engine Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Mitsubishi Heavy Industries Main Business Overview
13.7.5 Mitsubishi Heavy Industries Latest Developments
13.8 MTAR Technologies
13.8.1 MTAR Technologies Company Information
13.8.2 MTAR Technologies Rocket Engine Product Portfolios and Specifications
13.8.3 MTAR Technologies Rocket Engine Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 MTAR Technologies Main Business Overview
13.8.5 MTAR Technologies Latest Developments
13.9 IHI Corporation
13.9.1 IHI Corporation Company Information
13.9.2 IHI Corporation Rocket Engine Product Portfolios and Specifications
13.9.3 IHI Corporation Rocket Engine Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 IHI Corporation Main Business Overview
13.9.5 IHI Corporation Latest Developments
13.10 Rocket Lab
13.10.1 Rocket Lab Company Information
13.10.2 Rocket Lab Rocket Engine Product Portfolios and Specifications
13.10.3 Rocket Lab Rocket Engine Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Rocket Lab Main Business Overview
13.10.5 Rocket Lab Latest Developments
13.11 ArianeGroup
13.11.1 ArianeGroup Company Information
13.11.2 ArianeGroup Rocket Engine Product Portfolios and Specifications
13.11.3 ArianeGroup Rocket Engine Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 ArianeGroup Main Business Overview
13.11.5 ArianeGroup Latest Developments
14 Research Findings and Conclusion
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*If Applicable.