Industry: Machinery & Equipment
Published Date: 2025-04-03
Pages: 169 Pages
Report ld: 4698498
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Rocket Engine Market Size(US$)

CAGR 2025-2031
6.3%
Market Size,2031
USD 8,123
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Rocket Engine market is projected to grow from US$ 5643 million in 2025 to US$ 8123 million by 2031, at a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period.
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.
In terms of production side, this report researches the Rocket Engine production, growth rate, market share by manufacturers and by region (region level and country level), from 2020 to 2025, and forecast to 2031.
In terms of consumption side, this report focuses on the sales of Rocket Engine by region (region level and country level), by company, by Type and by Application. from 2020 to 2025 and forecast to 2031.
This report presents an overview of global market for Rocket Engine, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2020 - 2025, estimates for 2025, and projections of CAGR through 2031.
This report researches the key producers of Rocket Engine, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Rocket Engine, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Rocket Engine sales, revenue, market share and industry ranking of main manufacturers, data from 2020 to 2025. Identification of the major stakeholders in the global Rocket Engine market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2020 to 2031. Evaluation and forecast the market size for Rocket Engine sales, projected growth trends, production technology, application and end-user industry.
Descriptive company profiles of the major global players, including CASC, JSC Kuznetsov, Space X, Aerojet Rocketdyne, NPO Energomash, Northrop Grumman, Mitsubishi Heavy Industries, MTAR Technologies, IHI Corporation, Rocket Lab, etc.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Rocket Engine production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 3: Sales (consumption), revenue of Rocket Engine in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 4: Detailed analysis of Rocket Engine manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: China by Type, and by Application, sales, and revenue for each segment.
Chapter 10: Asia (excluding China) by Type, by Application and by region, sales, and revenue for each segment.
Chapter 11: Middle East, Africa, Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Rocket Engine sales, revenue, price, gross margin, and recent development, etc.
Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 14: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 15: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Study Coverage
1.1 Rocket Engine Product Introduction
1.2 Market by Type
1.2.1 Global Rocket Engine Market Size by Type, 2020 VS 2024 VS 2031
1.2.2 Liquid Rocket Engine
1.2.3 Solid Rocket Engine
1.3 Market by Application
1.3.1 Global Rocket Engine Market Size by Application, 2020 VS 2024 VS 2031
1.3.2 Non-reusable Rockets
1.3.3 Reusable Rocket
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Rocket Engine Production
2.1 Global Rocket Engine Production Capacity (2020-2031)
2.2 Global Rocket Engine Production by Region: 2020 VS 2024 VS 2031, Based on Production Site
2.3 Global Production by Region
2.3.1 Global Rocket Engine Production by Region (2020-2031)
2.3.2 Global Rocket Engine Production Market Share by Region (2020-2031)
2.4 North America
2.5 Europe
2.6 China
2.7 Japan
2.8 India
3 Executive Summary
3.1 Global Rocket Engine Revenue Estimates and Forecasts 2020-2031
3.2 Global Revenue by Region
3.2.1 Global Rocket Engine Revenue by Region: 2020 VS 2024 VS 2031
3.2.2 Global Rocket Engine Revenue by Region (2020-2031)
3.2.3 Global Rocket Engine Revenue Market Share by Region (2020-2031)
3.3 Global Rocket Engine Sales Estimates and Forecasts 2020-2031
3.4 Global Sales by Region
3.4.1 Global Rocket Engine Sales by Region: 2020 VS 2024 VS 2031
3.4.2 Global Rocket Engine Sales by Region (2020-2031)
3.4.3 Global Rocket Engine Sales Market Share by Region (2020-2031)
3.5 US & Canada
3.6 Europe
3.7 China
3.8 Asia (excluding China)
3.9 Middle East, Africa and Latin America
4 Competition by Manufacturers
4.1 Global Sales by Manufacturers
4.1.1 Global Rocket Engine Sales by Manufacturers (2020-2025)
4.1.2 Global Rocket Engine Sales Market Share by Manufacturers (2020-2025)
4.1.3 Global Top 10 and Top 5 Largest Manufacturers of Rocket Engine in 2024
4.2 Global Revenue by Manufacturers
4.2.1 Global Rocket Engine Revenue by Manufacturers (2020-2025)
4.2.2 Global Rocket Engine Revenue Market Share by Manufacturers (2020-2025)
4.2.3 Global Top 10 and Top 5 Companies by Rocket Engine Revenue in 2024
4.3 Global Rocket Engine Sales Price by Manufacturers (2020-2025)
4.4 Global Key Players of Rocket Engine, Industry Ranking, 2023 VS 2024
4.5 Analysis of Competitive Landscape
4.5.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
4.5.2 Global Rocket Engine Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.6 Global Key Manufacturers of Rocket Engine, Manufacturing Base Distribution and Headquarters
4.7 Global Key Manufacturers of Rocket Engine, Product Offered and Application
4.8 Global Key Manufacturers of Rocket Engine, Date of Enter into This Industry
4.9 Mergers & Acquisitions, Expansion Plans
5 Market Size by Type
5.1 Global Sales by Type
5.1.1 Global Rocket Engine Historical Sales by Type (2020-2025)
5.1.2 Global Rocket Engine Forecasted Sales by Type (2026-2031)
5.1.3 Global Rocket Engine Sales Market Share by Type (2020-2031)
5.2 Global Revenue by Type
5.2.1 Global Rocket Engine Historical Revenue by Type (2020-2025)
5.2.2 Global Rocket Engine Forecasted Revenue by Type (2026-2031)
5.2.3 Global Rocket Engine Revenue Market Share by Type (2020-2031)
5.3 Global Price by Type
5.3.1 Global Rocket Engine Price by Type (2020-2025)
5.3.2 Global Rocket Engine Price Forecast by Type (2026-2031)
6 Market Size by Application
6.1 Global Sales by Application
6.1.1 Global Rocket Engine Historical Sales by Application (2020-2025)
6.1.2 Global Rocket Engine Forecasted Sales by Application (2026-2031)
6.1.3 Global Rocket Engine Sales Market Share by Application (2020-2031)
6.2 Global Revenue by Application
6.2.1 Global Rocket Engine Historical Revenue by Application (2020-2025)
6.2.2 Global Rocket Engine Forecasted Revenue by Application (2026-2031)
6.2.3 Global Rocket Engine Revenue Market Share by Application (2020-2031)
6.3 Global Price by Application
6.3.1 Global Rocket Engine Price by Application (2020-2025)
6.3.2 Global Rocket Engine Price Forecast by Application (2026-2031)
7 US & Canada
7.1 US & Canada Market Size by Type
7.1.1 US & Canada Rocket Engine Sales by Type (2020-2031)
7.1.2 US & Canada Rocket Engine Revenue by Type (2020-2031)
7.2 US & Canada Market Size by Application
7.2.1 US & Canada Rocket Engine Sales by Application (2020-2031)
7.2.2 US & Canada Rocket Engine Revenue by Application (2020-2031)
7.3 US & Canada Market Size by Country
7.3.1 US & Canada Rocket Engine Revenue by Country: 2020 VS 2024 VS 2031
7.3.2 US & Canada Rocket Engine Revenue by Country (2020-2031)
7.3.3 US & Canada Rocket Engine Sales by Country (2020-2031)
7.3.4 US
7.3.5 Canada
8 Europe
8.1 Europe Market Size by Type
8.1.1 Europe Rocket Engine Sales by Type (2020-2031)
8.1.2 Europe Rocket Engine Revenue by Type (2020-2031)
8.2 Europe Market Size by Application
8.2.1 Europe Rocket Engine Sales by Application (2020-2031)
8.2.2 Europe Rocket Engine Revenue by Application (2020-2031)
8.3 Europe Market Size by Country
8.3.1 Europe Rocket Engine Revenue by Country: 2020 VS 2024 VS 2031
8.3.2 Europe Rocket Engine Sales by Country (2020-2031)
8.3.3 Europe Rocket Engine Revenue by Country (2020-2031)
8.3.4 Germany
8.3.5 France
8.3.6 U.K.
8.3.7 Italy
8.3.8 Russia
9 China
9.1 China Market Size by Type
9.1.1 China Rocket Engine Sales by Type (2020-2031)
9.1.2 China Rocket Engine Revenue by Type (2020-2031)
9.2 China Market Size by Application
9.2.1 China Rocket Engine Sales by Application (2020-2031)
9.2.2 China Rocket Engine Revenue by Application (2020-2031)
10 Asia (excluding China)
10.1 Asia Market Size by Type
10.1.1 Asia Rocket Engine Sales by Type (2020-2031)
10.1.2 Asia Rocket Engine Revenue by Type (2020-2031)
10.2 Asia Market Size by Application
10.2.1 Asia Rocket Engine Sales by Application (2020-2031)
10.2.2 Asia Rocket Engine Revenue by Application (2020-2031)
10.3 Asia Market Size by Region
10.3.1 Asia Rocket Engine Revenue by Region: 2020 VS 2024 VS 2031
10.3.2 Asia Rocket Engine Revenue by Region (2020-2031)
10.3.3 Asia Rocket Engine Sales by Region (2020-2031)
10.3.4 Japan
10.3.5 South Korea
10.3.6 China Taiwan
10.3.7 Southeast Asia
10.3.8 India
11 Middle East, Africa and Latin America
11.1 Middle East, Africa and Latin America Market Size by Type
11.1.1 Middle East, Africa and Latin America Rocket Engine Sales by Type (2020-2031)
11.1.2 Middle East, Africa and Latin America Rocket Engine Revenue by Type (2020-2031)
11.2 Middle East, Africa and Latin America Market Size by Application
11.2.1 Middle East, Africa and Latin America Rocket Engine Sales by Application (2020-2031)
11.2.2 Middle East, Africa and Latin America Rocket Engine Revenue by Application (2020-2031)
11.3 Middle East, Africa and Latin America Market Size by Country
11.3.1 Middle East, Africa and Latin America Rocket Engine Revenue by Country: 2020 VS 2024 VS 2031
11.3.2 Middle East, Africa and Latin America Rocket Engine Revenue by Country (2020-2031)
11.3.3 Middle East, Africa and Latin America Rocket Engine Sales by Country (2020-2031)
11.3.4 Brazil
11.3.5 Mexico
11.3.6 Turkey
11.3.7 Israel
11.3.8 GCC Countries
12 Corporate Profile
12.1 CASC
12.1.1 CASC Corporation Information
12.1.2 CASC Overview
12.1.3 CASC Rocket Engine Sales, Price, Revenue and Gross Margin (2020-2025)
12.1.4 CASC Rocket Engine Product Model Numbers, Pictures, Descriptions and Specifications
12.1.5 CASC Recent Developments
12.2 JSC Kuznetsov
12.2.1 JSC Kuznetsov Corporation Information
12.2.2 JSC Kuznetsov Overview
12.2.3 JSC Kuznetsov Rocket Engine Sales, Price, Revenue and Gross Margin (2020-2025)
12.2.4 JSC Kuznetsov Rocket Engine Product Model Numbers, Pictures, Descriptions and Specifications
12.2.5 JSC Kuznetsov Recent Developments
12.3 Space X
12.3.1 Space X Corporation Information
12.3.2 Space X Overview
12.3.3 Space X Rocket Engine Sales, Price, Revenue and Gross Margin (2020-2025)
12.3.4 Space X Rocket Engine Product Model Numbers, Pictures, Descriptions and Specifications
12.3.5 Space X Recent Developments
12.4 Aerojet Rocketdyne
12.4.1 Aerojet Rocketdyne Corporation Information
12.4.2 Aerojet Rocketdyne Overview
12.4.3 Aerojet Rocketdyne Rocket Engine Sales, Price, Revenue and Gross Margin (2020-2025)
12.4.4 Aerojet Rocketdyne Rocket Engine Product Model Numbers, Pictures, Descriptions and Specifications
12.4.5 Aerojet Rocketdyne Recent Developments
12.5 NPO Energomash
12.5.1 NPO Energomash Corporation Information
12.5.2 NPO Energomash Overview
12.5.3 NPO Energomash Rocket Engine Sales, Price, Revenue and Gross Margin (2020-2025)
12.5.4 NPO Energomash Rocket Engine Product Model Numbers, Pictures, Descriptions and Specifications
12.5.5 NPO Energomash Recent Developments
12.6 Northrop Grumman
12.6.1 Northrop Grumman Corporation Information
12.6.2 Northrop Grumman Overview
12.6.3 Northrop Grumman Rocket Engine Sales, Price, Revenue and Gross Margin (2020-2025)
12.6.4 Northrop Grumman Rocket Engine Product Model Numbers, Pictures, Descriptions and Specifications
12.6.5 Northrop Grumman Recent Developments
12.7 Mitsubishi Heavy Industries
12.7.1 Mitsubishi Heavy Industries Corporation Information
12.7.2 Mitsubishi Heavy Industries Overview
12.7.3 Mitsubishi Heavy Industries Rocket Engine Sales, Price, Revenue and Gross Margin (2020-2025)
12.7.4 Mitsubishi Heavy Industries Rocket Engine Product Model Numbers, Pictures, Descriptions and Specifications
12.7.5 Mitsubishi Heavy Industries Recent Developments
12.8 MTAR Technologies
12.8.1 MTAR Technologies Corporation Information
12.8.2 MTAR Technologies Overview
12.8.3 MTAR Technologies Rocket Engine Sales, Price, Revenue and Gross Margin (2020-2025)
12.8.4 MTAR Technologies Rocket Engine Product Model Numbers, Pictures, Descriptions and Specifications
12.8.5 MTAR Technologies Recent Developments
12.9 IHI Corporation
12.9.1 IHI Corporation Corporation Information
12.9.2 IHI Corporation Overview
12.9.3 IHI Corporation Rocket Engine Sales, Price, Revenue and Gross Margin (2020-2025)
12.9.4 IHI Corporation Product Model Numbers, Pictures, Descriptions and Specifications
12.9.5 IHI Corporation Recent Developments
12.10 Rocket Lab
12.10.1 Rocket Lab Corporation Information
12.10.2 Rocket Lab Overview
12.10.3 Rocket Lab Rocket Engine Sales, Price, Revenue and Gross Margin (2020-2025)
12.10.4 Rocket Lab Product Model Numbers, Pictures, Descriptions and Specifications
12.10.5 Rocket Lab Recent Developments
12.11 ArianeGroup
12.11.1 ArianeGroup Corporation Information
12.11.2 ArianeGroup Overview
12.11.3 ArianeGroup Rocket Engine Sales, Price, Revenue and Gross Margin (2020-2025)
12.11.4 ArianeGroup Product Model Numbers, Pictures, Descriptions and Specifications
12.11.5 ArianeGroup Recent Developments
13 Industry Chain and Sales Channels Analysis
13.1 Rocket Engine Industry Chain Analysis
13.2 Rocket Engine Key Raw Materials
13.2.1 Key Raw Materials
13.2.2 Raw Materials Key Suppliers
13.3 Rocket Engine Production Mode & Process
13.4 Rocket Engine Sales and Marketing
13.4.1 Rocket Engine Sales Channels
13.4.2 Rocket Engine Distributors
13.5 Rocket Engine Customers
14 Rocket Engine Market Dynamics
14.1 Rocket Engine Industry Trends
14.2 Rocket Engine Market Drivers
14.3 Rocket Engine Market Challenges
14.4 Rocket Engine Market Restraints
15 Key Findings in the Global Rocket Engine Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.1.1 Research Programs/Design
16.1.1.2 Market Size Estimation
16.1.1.3 Market Breakdown and Data Triangulation
16.1.2 Data Source
16.1.2.1 Secondary Sources
16.1.2.2 Primary Sources
16.2 Author Details
16.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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