Next-Generation Missile Propulsion: Key Developments Across U.S. & Japan | Advanced Rocket and Missile Propulsion Systems Market: US$ 38.79 billion in 2024 and is expected to reach US$ 77.58 billion by 2032, growing with a CAGR of 9.05%

Global Advanced Rocket and Missile Propulsion Systems Market size reached US$ 38.79 billion in 2024 and is expected to reach US$ 77.58 billion by 2032, growing with a CAGR of 9.05% during the forecast period 2025-2032.

The Internet of Things (IoT) in advanced rocket and missile propulsion systems integrates real-time data collection, monitoring, and analytics into propulsion technologies. This integration enhances performance, reliability, and adaptability of propulsion units during missions. By enabling predictive maintenance and dynamic optimization, IoT contributes to mission success and resource efficiency. Its application spans defense, space exploration, and commercial aerospace sectors.

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United States: Recent Industry Developments

✅ In August 2025, Northrop Grumman successfully tested its solid rocket booster for the upcoming Next-Generation Interceptor (NGI). The system demonstrated enhanced propulsion performance to counter advanced ballistic missile threats. This milestone strengthens the U.S. missile defense modernization program.

✅ In July 2025, Aerojet Rocketdyne secured a $215 million contract from NASA and the U.S. Air Force to advance hypersonic propulsion systems. The investment focuses on scramjet technology for long-range strike capabilities. It reinforces America's leadership in next-gen missile propulsion innovation.

✅ In June 2025, Lockheed Martin completed ground testing of its advanced dual-pulse solid rocket motor for tactical missiles. The propulsion system provides extended range and maneuverability against evolving battlefield threats. Full-scale integration into missile platforms is scheduled for 2026.

Japan: Recent Industry Developments

✅ In August 2025, Mitsubishi Heavy Industries announced successful hot-fire tests of its upgraded H3 rocket engine. The propulsion enhancements aim at reducing costs while boosting reliability for both defense and commercial satellite launches. This step strengthens Japan's space and defense ambitions.

✅ In July 2025, IHI Corporation unveiled advancements in solid rocket motor technology for Japan's missile defense systems. The project focuses on compact, high-thrust propulsion for interceptors against hypersonic threats. Deployment is expected under Japan's defense buildup plan.

✅ In June 2025, Japan's Space Exploration Agency (JAXA) partnered with Kawasaki Heavy Industries to co-develop reusable liquid propulsion systems. The initiative targets reducing lifecycle costs of missile and rocket launches. Testing phases will progress through 2026 under national defense priorities.

☛ Advanced Rocket and Missile Propulsion Systems Market Dynamics and Drivers

Technological Advancements: The integration of IoT in propulsion systems allows for real-time monitoring and predictive maintenance, leading to increased reliability and performance.

Defense and Aerospace Investments: Significant investments by governments and private entities in defense and aerospace sectors drive the demand for advanced propulsion systems.

Geopolitical Tensions: Rising geopolitical tensions necessitate the development of advanced propulsion systems for defense applications, including hypersonic missiles and maneuverable spacecraft.

Commercial Space Exploration: The growing interest in commercial space exploration and satellite deployment fuels the demand for efficient and reliable propulsion systems.

☛ Advanced Rocket and Missile Propulsion Systems Industry News:

➣ Hypersonic Propulsion Advancements: Ursa Major has successfully test-fired its Drap3r engine more than 50 times, marking a significant advance in U.S. hypersonic and in-space propulsion technologies.

➣ Indian Missile Development: India's Defence Research and Development Organisation (DRDO) completed user trials of the Extended Range Anti-Submarine Rocket (ERASR), successfully firing 17 rockets at different ranges from indigenous rocket launchers.

➣ AI Integration in Propulsion: North American solid rocket motors are undergoing a shift with the integration of AI, enhancing design, fuel optimization, testing, manufacturing, and predictive maintenance processes.

☛ Advanced Rocket and Missile Propulsion Systems Market Competitive Landscape:

Lockheed Martin Corporation, Northrop Grumman Corporation, RTX Corporation, Boeing Company, BAE Systems plc, Aerojet Rocketdyne Holdings, Inc., Safran S.A., Thales Group, General Dynamics Corporation and L3Harris Technologies, Inc.

Research Methodology

We employ a hybrid approach, integrating qualitative insights with robust quantitative analysis to deliver comprehensive and reliable market intelligence. The process starts with extensive secondary research, leveraging trusted industry publications, proprietary databases, and credible market sources. This foundation is then strengthened through targeted primary research, including structured surveys and in-depth interviews with industry leaders, subject matter experts, and key market participants.

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☛ Segment Covered in the Advanced Rocket and Missile Propulsion Systems Market:

By Propulsion Type

Advanced Rocket and Missile Propulsion Systems - Metal

Advanced Rocket and Missile Propulsion Systems - Compounds

2. By Platform

Sponge

Ingots

Plates

Powder

Other

3. By Component

Aerospace & Defense

Chemical Processing

Power Generation

Medical

Automotive

Paints & Coatings

Others

4. By Range

Short Range

Medium Range

Intermediate Range

Intercontinental Range

5. By Application

Tactical Missiles

Ballistic Missiles

Cruise Missiles

Hypersonic Missiles

Others

☛ This Report Covers:

✔ Comprehensive go-to-market strategy insights.

✔ An unbiased evaluation of market performance.

✔ In-depth analysis of development trends, competitive landscape, supply and demand dynamics, year-on-year growth, competitive benchmarking, vendor mapping, market access, and overall development status.

✔ Customized regional and country-level reports available on request, including detailed localized analysis.

✔ Identification of potential and niche segments/regions showcasing strong growth opportunities.

✔ Application of both top-down and bottom-up approaches for accurate regional market analysis.



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☛ Regional Analysis for Advanced Rocket and Missile Propulsion Systems Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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