Rocket Engines Global Market Report 2024 - By Demand, Size, Share And Industry Trends, Outlook By 2033

"The new report published by The Business Research Company, titled Rocket Engines Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the rocket engines market size has grown exponentially in recent years. It will grow from $2.83 billion in 2023 to $3.49 billion in 2024 at a compound annual growth rate (CAGR) of 23.3%. The rocket engines market size is expected to see steady growth in the next few years. It will grow to $4.06 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%.

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Surge In Rocket Launches Boosts Rocket Engines Market Growth
Increasing rocket launches are expected to drive the growth of the rocket engines market in the forecast period. Over the next decade, hundreds of corporations and government agencies around the world are planning to launch rockets and place tens of thousands of satellites in large low-Earth orbit constellations. By 2025, the U.S. launch rate alone will double to around 200 launches each year, even if half of the strategies are successful. Therefore, the increasing rocket launches propel the growth of the rocket engines market.

3D Printing Technology Revolutionizes Rocket Engines Market
3D printing technology is the 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. For instance, in May 2022, Gilmour Space Technologies, Australia-based space technology company, launched Phoenix, a 3D printed liquid oxygen kerosene (LOx/Kero) engine. The Phoenix engine is made up of over 300 3D printed parts, which are assembled using a variety of advanced manufacturing techniques. The three-stage rocket is intended to start launching to low Earth orbits. The engine can deliver up to 1,000 kg to low Earth orbit (LEO) and create a new paradigm for small-payload clients. It has a higher thrust-to-weight ratio, and it is less likely to experience combustion instabilities.

The rocket engines market covered in this report is segmented -
1) By Type: Physically Powered, Chemically Powered, Electrically Powered, Thermal, Nuclear Rocket Engines
2) By Product Type: Liquid Rocket Engines, Solid Rocket Engines
3) By Application: Spacecraft, Ballistic Missiles, Others

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Major companies operating in the rocket engines market report are Aerojet Rocketdyne Holdings, Inc., Space Exploration Technologies Corp., Northrop Grumman Corporation, Mitsubishi Heavy Industries, Ltd., Blue Origin, LLC, IHI Corporation, National Aeronautics and Space Administration (NASA), Lockheed Martin Corporation, China Aerospace Science and Technology Corporation (CASC), Roscosmos, Skyroot Aerospace , Gilmour Space Technologies , NextAero , Deep Blue Aerospace , JZYJ Space Technology, Mitsubishi Heavy Industries, Tamadic Co Ltd , CASC, Reaction Engines , Roll- Royce Limited , Skyrora , Westcott's Space Cluster, Orbital Propulsion Centre, Safran Aircraft Engines , Roxel, Pangea Aerospace, AVIO, ARCA space , ISAR Aerospace , Serbian Aerospace Industry , EDePro, GKN Aerospace, Boeing Defence, Space & Security, Raytheon , Maxar Space , SpaceX , Orbital ATK, Virgin Galactic , Rocket Lab, Avibras Indústria Aeroespacial S/A , LIA Aerospace, Israel Aerospace Industries , New Rocket, Marcom Aeronautics & Space, The Boeing Company

Contents of the report:
1. Executive Summary
2. Rocket Engines Market Report Structure
3. Rocket Engines Market Trends And Strategies
4. Rocket Engines Market - Macro Economic Scenario
5. Rocket Engines Market Size And Growth
…..
27. Rocket Engines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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