Dublin, June 13, 2025 (GLOBE NEWSWIRE) -- The "Rocket Propulsion Market 2025-2034" has been added to ResearchAndMarkets.com's offering.
The Rocket Propulsion Market, valued at USD 9.5 billion in 2025, is expected to expand at a robust CAGR of 13.6%, reaching USD 29.9 billion by 2034
This market plays a pivotal role in space exploration, satellite deployment, and missile systems, driven by advancements in liquid, solid, hybrid, and electric propulsion technologies that generate the necessary thrust for launching payloads into space or military applications. The sector's growth is attributed to the booming commercial space industry, increased governmental space initiatives, and significant military investments worldwide.
Recent years have seen advances in propulsion systems to enhance performance, reusability, and sustainability. Methane-fueled engines are being favored for their efficiency and suitability for reusable launches, with prominent companies like SpaceX and Blue Origin making significant strides in optimizing thrust-to-weight ratios and reducing launch turnaround times. Solid and hybrid propulsion continue dominating defense applications, advancing new variants for hypersonic and tactical missiles. Electric propulsion is expanding in satellite missions, offering extended operational lives and fuel efficiency.
3D printing has revolutionized the production of engine components, markedly reducing development timelines. Nations such as India, Japan, and South Korea have increased investments in domestic propulsion capabilities to minimize foreign dependence. The focus on lunar projects and orbital servicing propels research into propulsion systems that offer long-duration thrust and in-space maneuverability, emphasizing cost efficiency, performance, and autonomy.
Looking ahead, the Rocket Propulsion market is evolving toward sustainable next-gen systems with advanced features for deeper space capability. Companies aim to develop reusable propulsion units with smart features, like adaptive thrust control suitable for activities like lunar and Mars missions. Driven by regulatory and environmental concerns, there's a notable shift towards green propellants and carbon-neutral fuels. Research into hypersonic propulsion and air-breathing engines is intensifying, geared toward future defense and commercial spaceplanes.
Electric and nuclear thermal propulsion technologies are gaining traction for deep-space missions, promising higher efficiency. Integration with AI and futuristic diagnostics will enable autonomous propulsion management systems, improving mission safety and success rates. Enhanced collaboration between private firms and national agencies promises a resilient propulsion ecosystem, marked by innovations that balance power, precision, reusability, and sustainability across sectors.
Key Insights:
- Growing preference for reusable propulsion systems, leading to reduced costs and frequent missions.
- Fuel-efficient electric propulsion gains prominence in satellite deployments.
- Research into green propellants for safer, eco-friendly launches.
- AI-enabled systems facilitating real-time adjustments and fault detection.
- Additive manufacturing streamlining propulsion component production.
- High demand for cost-effective propulsion tech with rising satellite constellations.
- Substantial governmental and defense investments in advanced propulsion technologies.
- Technological progress yielding powerful, lighter propulsion systems.
- Interest in lunar and Mars missions is driving new propulsion requirements.
- High development costs and regulatory demands remain barriers to rapid tech commercialization.
Your Takeaways:
- Deep insights into global market projections and grass-roots trends from 2024 to 2034.
- Analysis of geopolitical and trade policy changes affecting the supply-demand chain.
- Growth opportunities across key geographical markets and segments.
- Profiles of leading companies with financials, product portfolio analysis, and market strategies.
- Cutting-edge technological developments impacting the market landscape.
- Key market data to aid strategic planning and decision-making.
Market Segmentation:
- By Propulsion Type: Liquid, Hybrid
- By Orbit Type: MEO, GEO, Beyond GEO
- By Launch Vehicle Type: Unmanned
- By End User Type: Military
- By Geography: North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 150 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value (USD) in 2025 | $9.5 Billion |
| Forecasted Market Value (USD) by 2034 | $29.9 Billion |
| Compound Annual Growth Rate | 13.6% |
| Regions Covered | Global |
Companies Featured
- Affymetrix Inc.
- Agilent Technologies Inc.
- Bio-Rad Laboratories Inc.
- GE Healthcare
- Illumina Inc.
- QIAGEN N.V.
- F. Hoffmann-La Roche Ltd.
- Sigma-Aldrich Corporation
- Thermo Fisher Scientific Inc.
- Fluidigm Corporation
- Promega Corporation
- bioMerieux S.A.
- CD Genomics Inc.
- Eurofins Scientific SE
- Merck KGaA
- Pacific Biosciences of California Inc.
- Danaher Corporation
- Genewiz Inc.
- Oxford Nanopore Technologies Ltd.
- BGI Group
- Genotypic Technology Pvt. Ltd.
- MedGenome Labs Pvt. Ltd.
- Xcelris Labs Ltd.
- Ocimum Biosolutions Ltd.
- Strand Life Sciences Pvt. Ltd.
- SciGenom Labs Pvt. Ltd.
- Oncocyte Corporation
- Tempus Labs Inc.
- ArcherDX Inc.
- HTG Molecular Diagnostics Inc
For more information about this report visit https://www.researchandmarkets.com/r/wizrtd
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