Learn about the global rocket engines market through The Business Research Company, which provides information on rocket engines market size, rocket engines market drivers and restraints, rocket engines market players, the COVID-19 impact on the rocket engines market, and more.

The global rocket engines market size is expected to grow from $2.73 billion in 2021 to $2.81 billion in 2022 at a compound annual growth rate (CAGR) of 2.9%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The rocket engine market is expected to reach $3.60 billion in 2026 at a CAGR of 6.4%.

The increasing rocket launches are expected to drive the growth of the rocket engine market in the coming years.

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The rocket engines market consists of sales of rocket engines and relates services by entities (organizations, sole traders, or partnerships) that produce rocket engines. A rocket engine is a component of a propulsion system that uses the combustion of reactive chemicals to supply the necessary energy to run the rocket.

Global Rocket Engines Market Segments Include:

By Type: Physically Powered, Chemically Powered, Electrically Powered, Thermal, Nuclear

By Product Type: Liquid Rocket Engine, Solid Rocket Engine

By Application: Spacecraft, Ballistic Missiles, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the rocket engines market in 2021

3D printing technology is a key trend gaining popularity in the rocket engines market. Space organizations and private companies are designing 3d printed rocket engines to reduce costs and speed up production.

TBRC’s rocket engines market report covers:

Major Market Players: Aerojet Rocketdyne, Space X, Roscosmos, Mitsubishi Heavy Industries, Northrop Grumman, Safran, China Aerospace Science, and Technology Corporation (CASC), NASA, Blue Origin, Lockheed Martin, The Boeing Company and Rocket Lab.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Rocket Engines Global Market Report 2022–Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides rocket engines market overviews, analyses and forecasts market size, share, rocket engines market players, rocket engines market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s rocket engines market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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