Rocket Engine Turbo Pump Market Report 2025

The rocket engine turbo pump market size has grown strongly in recent years. It will grow from $1.43 billion in 2024 to $1.54 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth during the historic period can be attributed to the expansion of government space agencies, increased use of cryogenic propellants, advancements in material science, the rise of commercial spaceflight, and the growth of satellite constellations.

The rocket engine turbo pump market size is expected to see strong growth in the next few years. It will grow to $2.02 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increasing demand for higher-thrust engines, a surge in space programs, the rise of unmanned smallsat missions, growing adoption of staged combustion and expander cycles, and an increase in satellite launches. Key trends during this period include integration of digital technologies and the Internet of Things (IoT), use of 3D-printed turbopump components, innovations in multi-stage pumps, machine learning-based turbopump health monitoring and predictive maintenance, and collaborations between private companies.

The growing number of space missions is anticipated to drive the expansion of the rocket engine turbopump market in the coming years. Space missions involve planned operations beyond Earth's atmosphere using spacecraft or satellites for purposes such as exploration, research, communication, observation, or defense. This increase in space missions is fueled by the rising demand for satellite-based communication services, as the global need for high-speed internet, remote connectivity, and data transmission grows. Rocket engine turbopumps contribute to space missions by delivering high-pressure propellant flow, which enables powerful and efficient engine performance. They also reduce system weight and complexity through compact, high-speed pump designs, thereby enhancing mission reliability and propulsion efficiency. For example, in September 2022, the Government Accountability Office, a US-based government agency, reported nearly 5,500 active satellites in orbit, with projections indicating an additional 58,000 launches by 2030. Consequently, the increasing number of space missions is supporting the growth of the rocket engine turbopump market.

Leading companies in the rocket engine turbopump market are focusing on innovative advancements, such as turbopump testing, to improve performance reliability, validate design parameters, and ensure safety during extreme launch conditions. Rocket engine turbopump testing involves assessing the performance, durability, and reliability of turbopumps under simulated operational environments. For instance, in October 2022, Launcher Inc., a US-based aerospace firm, successfully tested the turbopump for its additively manufactured E-2 rocket engine, achieving the highest recorded performance for a kerosene rocket engine turbopump. The 3D-printed turbopump boasts a streamlined, highly efficient design with 72% efficiency and operates using kerosene (RP-1) and liquid oxygen, supporting the E-2’s closed-cycle, high-pressure combustion system. This achievement marks significant progress toward producing high-performance, cost-effective rocket engines for small launch vehicles, with upcoming development phases targeting pre-burner and integrated engine testing.

In March 2023, Vast Space LLC, a US-based space infrastructure company, acquired Launcher Inc. for an undisclosed sum. This acquisition aims to expedite the development and in-orbit testing of Vast’s artificial-gravity space station technologies by utilizing Launcher’s propulsion systems, engineering expertise, and Orbiter space tug platform. Launcher Inc. specializes in developing high-efficiency liquid rocket engines and rocket engine turbopumps.

Major players in the rocket engine turbo pump market are Mitsubishi Heavy Industries Ltd., L3Harris Technologies Inc., IHI Corporation, Reaction Engines Limited, Ebara Corporation, Space Exploration Technologies Corp., Blue Origin LLC, GKN Aerospace Services Limited, German Aerospace Center (DLR), Pfeiffer Vacuum Technology AG, Safran S.A., Avio S.p.A., Sierra Space Corporation, Rocket Lab USA Inc., Firefly Aerospace Inc., Ursa Major Technologies Inc., Barber-Nichols Inc., Astra Space Inc., P3 Technologies GmbH, Taylor Hobson Ltd., Space Engine Systems Inc., and WEPA-Technologies GmbH.

North America was the largest region in the rocket engine turbo pump market in 2024. The regions covered in rocket engine turbo pump report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the rocket engine turbo pump market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp hike in U.S. tariffs and the associated trade disputes in spring 2025 are notably impacting the aerospace and defense sector by raising costs for titanium, carbon fiber composites, and avionics materials largely sourced from global suppliers. Defense contractors, locked into fixed-price government contracts, absorb these added costs, while commercial aerospace firms face airline pushback on higher aircraft prices. Delays in component shipments due to customs bottlenecks further disrupt tight production schedules for jets and satellites. The industry is responding by stockpiling critical materials, seeking waivers for defense-related imports, and collaborating with allied nations to diversify supply chain.

A rocket engine turbo pump is a high-speed mechanical device designed to supply liquid propellants like fuel and oxidizer into the rocket engine’s combustion chamber at the extremely high pressures needed for efficient combustion. It functions by using a turbine, powered by a small amount of the engine’s own propellants, to spin the pump at very high speeds, allowing the engine to produce the required thrust for space missions.

The main types of rocket engine turbo pumps include liquid rocket engine turbopumps and solid rocket engine turbopumps. A liquid rocket engine turbo pump specifically moves liquid propellants into the combustion chamber at high pressure. These pumps are used in various applications such as space launch vehicles, missiles, and satellites, serving a broad range of end users including commercial, military, and government sectors.

The rocket engine turbo pump market research report is one of a series of new reports that provides rocket engine turbo pump market statistics, including rocket engine turbo pump industry global market size, regional shares, competitors with a rocket engine turbo pump market share, detailed rocket engine turbo pump market segments, market trends and opportunities, and any further data you may need to thrive in the rocket engine turbo pump industry. This rocket engine turbo pump market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The rocket engine turbo pump market consists of sales of cryogenic turbo pumps, electric turbo pumps, staged combustion turbo pumps, gas-generator cycle turbo pumps, expander cycle turbo pumps, and dual-mode turbo pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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