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Report Overview

The global rocket propulsion market attained a value of about USD 6.84 Billion in 2025. The market is further expected to grow in the forecast period of 2026-2035 at a CAGR of 8.70% to reach nearly USD 15.75 Billion by 2035.

2025

Base Year

2019-2025

Historical Period

2026-2035

Forecast Period

Key Industry Players in the Global Rocket Propulsion Market

The report presents a detailed analysis of the following key players in the global rocket propulsion market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Northrop Grumman Corporation
  • Antrix Corporation Limited
  • Mitsubishi Heavy Industries Ltd
  • Safran SA
  • Space Exploration Technologies Corp.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Rocket Propulsion Market Report Snapshots

Rocket Propulsion Market

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Outline the Scope

Key Questions Answered in the Report

In 2025, the global rocket propulsion market attained a value of nearly USD 6.84 Billion.

The market is projected to grow at a CAGR of 8.70% between 2026 and 2035.

The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 15.75 Billion by 2035.       

The major market drivers include the surging launches of rockets and space missions and the integration of the latest technologies in the manufacturing of rocket propellants.

The key trends propelling the market growth are the rising demand for eco-friendly rocket propellants, the growing trend of 3D printing, and the development of innovative rocket propellants.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major types of rocket propulsion in the market are solid, liquid, and hybrid.

The significant end uses in the market are civil and commercial, and military.

The major players in the market are Northrop Grumman Corporation, Antrix Corporation Limited, Mitsubishi Heavy Industries Ltd, Safran SA, and Space Exploration Technologies Corp., among others.

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