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Rocket Engines Global Market Report 2022, By Type, Product Type, Application

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    Report

  • 175 Pages
  • February 2022
  • Region: Global
  • The Business Research Company
  • ID: 5550192
Rocket Engines Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global rocket engines market as it emerges from the Covid 19 shut down.



Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the rocket engines ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Rocket Engine market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider rocket engines market, and compares it with other markets.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The rocket engines market section of the report gives context. It compares the rocket engines market with other segments of the rocket engines market by size and growth, historic and forecast.

Scope


Markets Covered:
1) By Type: Physically Powered; Chemically Powered; Electrically Powered; Thermal; Nuclear
2) By Product Type: Liquid Rocket Engine; Solid Rocket Engine
3) By Application: Spacecraft; Ballistic Missiles; Others

Companies Mentioned: Aerojet Rocketdyne; Space X; Roscosmos; Mitsubishi Heavy Industries; Northrop Grumman

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.


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Frequently Asked Questions about the Global Rocket Engines Market

What is the estimated value of the Global Rocket Engines Market?

The Global Rocket Engines Market was estimated to be valued at $2.81 billion in 2022.

What is the growth rate of the Global Rocket Engines Market?

The growth rate of the Global Rocket Engines Market is 6.4%, with an estimated value of $3.6 billion by 2026.

What is the forecasted size of the Global Rocket Engines Market?

The Global Rocket Engines Market is estimated to be worth $3.6 billion by 2026.

Who are the key companies in the Global Rocket Engines Market?

Key companies in the Global Rocket Engines Market include Aerojet Rocketdyne, Space X, Roscosmos, Mitsubishi Heavy Industries, Northrop Grumman, Safran, China Aerospace Science and Technology Corporation (CASC), NASA and Lockheed Martin.

Table of Contents

1. Executive Summary2. Rocket Engines Market Characteristics3. Rocket Engines Market Trends And Strategies4. Impact Of COVID-19 On Rocket Engines
5. Rocket Engines Market Size And Growth
5.1. Global Rocket Engines Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Rocket Engines Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Rocket Engines Market Segmentation
6.1. Global Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Physically Powered
  • Chemically Powered
  • Electrically Powered
  • Thermal
  • Nuclear
6.2. Global Rocket Engines Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Liquid Rocket Engine
  • Solid Rocket Engine
6.3. Global Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Spacecraft
  • Ballistic Missiles
  • Others

7. Rocket Engines Market Regional And Country Analysis
7.1. Global Rocket Engines Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Rocket Engines Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Rocket Engines Market
8.1. Asia-Pacific Rocket Engines Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Rocket Engines Market
9.1. China Rocket Engines Market Overview
9.2. China Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Rocket Engines Market
10.1. India Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Rocket Engines Market
11.1. Japan Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Rocket Engines Market
12.1. Australia Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Rocket Engines Market
13.1. Indonesia Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Rocket Engines Market
14.1. South Korea Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Rocket Engines Market
15.1. Western Europe Rocket Engines Market Overview
15.2. Western Europe Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Rocket Engines Market
16.1. UK Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Rocket Engines Market
17.1. Germany Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Rocket Engines Market
18.4. France Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.5. France Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Rocket Engines Market
19.1. Eastern Europe Rocket Engines Market Overview
19.2. Eastern Europe Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Rocket Engines Market
20.1. Russia Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Rocket Engines Market
21.1. North America Rocket Engines Market Overview
21.2. North America Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Rocket Engines Market
22.1. USA Rocket Engines Market Overview
22.2. USA Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Rocket Engines Market
23.1. South America Rocket Engines Market Overview
23.2. South America Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Rocket Engines Market
24.1. Brazil Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Rocket Engines Market
25.1. Middle East Rocket Engines Market Overview
25.2. Middle East Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Rocket Engines Market
26.1. Africa Rocket Engines Market Overview
26.2. Africa Rocket Engines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Rocket Engines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Rocket Engines Market Competitive Landscape And Company Profiles
27.1. Rocket Engines Market Competitive Landscape
27.2. Rocket Engines Market Company Profiles
27.2.1. Aerojet Rocketdyne
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Space X
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Roscosmos
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Mitsubishi Heavy Industries
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Northrop Grumman
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
29. Key Mergers And Acquisitions In The Rocket Engines Market29. Rocket Engines Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About The Publisher
30.5. Copyright And Disclaimer

Executive Summary

Major players in the rocket engines market are Aerojet Rocketdyne, Space X, Roscosmos, Mitsubishi Heavy Industries, Northrop Grumman, Safran, China Aerospace Science, and Technology Corporation (CASC), NASA, Blue Origin, Lockheed Martin, The Boeing Company and Rocket Lab.

The global rocket engines market is expected to grow from $2.73 billion in 2021 to $2.81 billion in 2022 at a compound annual growth rate (CAGR) of 2.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3.60 billion in 2026 at a CAGR of 6.4%.

The rocket engines market consists of sales of rocket engines and relates services by entities (organizations, sole traders, or partnerships) that produce rocket engines. A rocket engine is a component of a propulsion system that uses the combustion of reactive chemicals to supply the necessary energy to run the rocket.

The main types of rocket engines are physically powered, chemically powered, electrically powered, thermal, and nuclear. Electrically powered rocket engines employ electricity to accelerate a propellant using various electrical and/or magnetic techniques. The various product includes liquid rocket engine and solid rocket engine that is used in spacecraft; ballistic missiles and others.

North America is the largest region in the rocket engines market in 2021. North America is expected to be the fastest growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increasing rocket launches are expected to drive the growth of the rocket engine market in the coming years. Over the next decade, hundreds of corporations and government agencies around the world are planning to launch rockets and hold tens of thousands of satellites in large low-Earth orbit constellations. In 2019, there were 102 orbital launch attempts worldwide, with 97 of them reaching orbit. 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 engine market.

The high investment required for producing and procuring rocket engines is expected to hinder the growth of the rocket engines market in the coming years. Rocket engines, which are extremely complex machines, require the most efficient combustion systems to move to a spacecraft that requires extensive research and development and expensive components to manufacture. For instance, in May 2020, NASA provided a contract to the U.S.-based rocket engine manufacturer, Aerojet Rocketdyne, to develop 18 Space Launch System (SLS) RS-25 rocket engines to support its Artemis Moon missions. This cost around $1.79 billion, including the amount required to develop and test these engines. Therefore, the high investment required for producing and procuring rocket engines restraints the growth of the rocket engines market.

3D printing technology is a 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 September 2020, NASA's Rapid Analysis and Manufacturing Propulsion Technology (RAMPT) project are developing the production of an additive manufacturing methodology utilizing metal powder and lasers to 3D print rocket engine components. This technology is expected to reduce the cost of manufacturing complex combustion parts and also reduce the lead time of production. In February 2020, Skyrora, a US-based rocket start-up company, had successfully tested its 3D-printed rocket engines.

In December 2020, Lockheed Martin, a USA-based defense contractor acquired Aerojet Rocketdyne for an amount of $4.4 billion. The acquisition expands Lockheed Martin's propulsion expertise, and Aerojet Rocketdyne's technologies were already "key components" of Lockheed's supply chain. Aerojet Rocketdyne is a US-based rocket engine and missile manufacturer.

The countries covered in the rocket engines market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Aerojet Rocketdyne
  • Space X
  • Roscosmos
  • Mitsubishi Heavy Industries
  • Northrop Grumman
  • Safran
  • China Aerospace Science and Technology Corporation (CASC)
  • NASA
  • Blue Origin
  • Lockheed Martin
  • The Boeing Company
  • Rocket Lab

Methodology

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