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 rocket engines market size reached a value of nearly $3.96 billion in 2020 to $4.51 billion in 2025 at a rate of 2.6%. The global rocket engines market size is then expected to grow at a CAGR of 4.7% from 2025 and reach $7.45 billion in 2030.

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

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The rocket engines market consists of the sales of rocket engines and related 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 or spacecraft.

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 was the largest region in the global rocket engines market, accounting for 39.1% of the total in 2021.

Rocket engine manufacturers have started adopting the use of the 3D printer for creating the engines. 3D printing involves laying down multiple thin layers of resin to create self-supporting structures. 3D printing technology allows manufacturers to attain higher flexibility while designing and reducing production time and manufacturing costs.

TBRC’s Rocket Engines Market Report Covers:

Major Market Players: Aerojet Rocketdyne Holdings, Inc. ,Space Exploration Technologies Corp., Northrop Grumman Corporation, Mitsubishi Heavy Industries, Ltd., Blue Origin, LLC

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 Market Report 2022  is one of a series of new reports from The Business Research Company that provides rocket engines market overviews, analyzes 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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