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Carrier Rocket Market

Published Jul 15, 2025
Length 155 Pages
SKU # CMI20303194

Description

The Global Carrier Rocket Market is estimated to be valued at USD 17.09 Bn in 2025 and is expected to reach USD 32.05 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 9.4% from 2025 to 2032. Carrier rockets, also called launch vehicles, are propulsion systems used to transport payloads from Earth's surface to different orbital destinations, including low Earth orbit (LEO), medium Earth orbit (MEO), and geostationary orbit (GEO). The market includes different rocket configurations, ranging from small-lift vehicles capable of deploying CubeSats and microsatellites to heavy-lift rockets designed for large-scale satellite constellations and interplanetary missions. The increasing commercialization of space activities, coupled with the growing demand for satellite-based services such as telecommunications, Earth observation, and navigation systems, has created a lot of demand for carrier rockets.

Market Dynamics

The global carrier rocket market is propelled by several key drivers that are reshaping the space launch industry landscape. The exponential growth in satellite deployments, particularly for communication networks, Earth observation systems, and emerging satellite constellations, mainly drive the market, creating a lot of demand for launch services. Government investments in space exploration programs, national security applications, and scientific research missions continue to generate substantial market opportunities, while the commercialization of space activities has opened new revenue streams for launch service providers. The increasing adoption of small satellites and CubeSats by both commercial and government entities has created a robust market for small-lift launch vehicles, driving innovation in dedicated small satellite launch solutions. However, the market faces significant restraints including high development costs, stringent regulatory requirements, and complex technical challenges associated with rocket manufacturing and operations. Despite these constraints, the market presents numerous opportunities driven by technological advancements in reusable rocket systems, which promise to reduce launch costs and increase operational flexibility. The growing demand for space-based internet services, satellite-based IoT applications, and space tourism initiatives are creating new market segments and revenue opportunities.

Key Features of the Study
  • This report provides an in-depth analysis of the global carrier rocket market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global carrier rocket market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include SpaceX, Arianespace, United Launch Alliance (ULA), Rocket Lab, Blue Origin, ISRO, China Aerospace Science & Technology, Northrop Grumman, Boeing, Lockheed Martin, Relativity Space, Virgin Orbit, Mitsubishi Heavy Industries, ArianeGroup, and Iran Space Agency
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global carrier rocket market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global carrier rocket market
Market Segmentation
  • Rocket Type Insights (Revenue, USD Bn, 2020 - 2032)
  • Liquid Rocket Engines
  • Solid Rocket Boosters
  • Cryogenic Rockets
  • Hybrid Rockets
  • Others
  • Launch Purpose Insights (Revenue, USD Bn, 2020 - 2032)
  • Satellite Deployment
  • Interplanetary Missions
  • Space Station Resupply
  • Scientific Research
  • Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
  • Key Players Insights
  • SpaceX
  • Arianespace
  • United Launch Alliance (ULA)
  • Rocket Lab
  • Blue Origin
  • ISRO
  • China Aerospace Science & Technology
  • Northrop Grumman
  • Boeing
  • Lockheed Martin
  • Relativity Space
  • Virgin Orbit
  • Mitsubishi Heavy Industries
  • ArianeGroup
  • Iran Space Agency

Table of Contents

155 Pages
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Carrier Rocket Market, By Rocket Type
Global Carrier Rocket Market, By Launch Purpose
Global Carrier Rocket Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends
4. Global Carrier Rocket Market, By Rocket Type, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Liquid Rocket Engines
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Solid Rocket Boosters
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Cryogenic Rockets
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Hybrid Rockets
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Carrier Rocket Market, By Launch Purpose, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Satellite Deployment
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Interplanetary Missions
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Space Station Resupply
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Scientific Research
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
6. Global Carrier Rocket Market, By Region, 2020 - 2032, Value (USD Bn)
Introduction
Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
Market Y-o-Y Growth Analysis (%), 2020 - 2032, Value (USD Bn)
Regional Trends
North America
Introduction
Market Size and Forecast, By Rocket Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Launch Purpose, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Rocket Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Launch Purpose, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Rocket Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Launch Purpose, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Rocket Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Launch Purpose, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, By Rocket Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Launch Purpose, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, By Rocket Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Launch Purpose, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
South Africa
North Africa
Central Africa
7. Competitive Landscape
SpaceX
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Arianespace
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
United Launch Alliance (ULA)
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Rocket Lab
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Blue Origin
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
ISRO
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
China Aerospace Science & Technology
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Northrop Grumman
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Boeing
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Lockheed Martin
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Relativity Space
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Virgin Orbit
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Mitsubishi Heavy Industries
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
ArianeGroup
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Iran Space Agency
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
8. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
9. References and Research Methodology
References
Research Methodology
About us
*Browse 32 market data tables and 28 figures on 'Carrier Rocket Market' - Global forecast to 2032
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