Global Satellite Launch Vehicle Engines Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Satellite Launch Vehicle Engines market size was valued at US$ 5238 million in 2024 and is forecast to a readjusted size of USD 8289 million by 2031 with a CAGR of 6.1% during review period.
Satellite launch vehicle engines are core power devices that provide thrust for launch vehicles to send satellites into predetermined orbits. They usually use liquid or solid fuels and use the high-speed airflow generated by combustion to propel the rocket forward. Liquid engines have the advantages of adjustable thrust and multiple starts, which are suitable for precise orbit adjustment, while solid engines have a simple structure and rapid response, and are often used for boosting or upper stage propulsion. The engine must have efficient combustion, strong thrust, and stable and reliable performance to ensure that the satellite successfully enters the predetermined orbit and completes subsequent tasks.
The global rocket engine market is expected to grow steadily from 2025 to 2030. The core drivers of this growth include the explosive growth of commercial space activities, the accelerated deployment of satellite Internet constellations, the increase in deep space exploration missions, and the emphasis of various countries on national security and strategic autonomy. However, the market shows obvious regional differences and differentiation of technical paths: the North American market is becoming more mature but the growth rate is slowing down. In the future, with the development of recyclable technology, the market size has a downward trend, while Asia-Pacific and Europe are rapidly expanding based on emerging demand and policy support, and the regional competition pattern is further complicated.
From the perspective of technical routes, reusable engines (such as SpaceX's Raptor series and Blue Origin's BE-4) have gradually become mainstream, driving down launch costs; at the same time, in response to the global carbon neutrality goal, environmentally friendly technologies such as liquid oxygen and methane and green propellants are accelerating penetration. Traditional liquid oxygen and kerosene engines (such as Russia's RD-180 and China's YF-100) still occupy an important position in the field of low cost and high reliability, while hydrogen and oxygen engines (such as Europe's Vulcain and Japan's LE-9) still play an irreplaceable role in high-performance missions.
The North American market size is $1.29 billion in 2024, and is expected to reach $1.637 billion in 2025 and $1.52 billion in 2031, with a CAGR of -1.23%. This negative growth reflects the involutionary characteristics of the market after it has become relatively mature. SpaceX has monopolized nearly 70% of the global launch market share with its reusable technology, forcing traditional suppliers (such as Aerojet Rocketdyne and Northrop Grumman) to transform to low-cost solutions, putting profit margins under pressure. The market size in the Asia-Pacific region will reach $2.77 billion in 2024 (accounting for 54.4% of the world) and will soar to $4.47 billion in 2031, with a CAGR of 7.72%, becoming the core engine of global growth. China Aerospace Science and Technology Corporation (CASC) has achieved independent control of the entire engine industry chain through the Long March series of rockets. The YF-100 (liquid oxygen kerosene) and YF-77 (hydrogen and oxygen) engines support low-Earth orbit and deep space exploration missions. On the policy side, the "14th Five-Year Plan" space plan clearly promotes the development of heavy rockets and reusable technologies, further releasing market potential. At the same time, commercial aerospace in the Asia-Pacific region has exploded, and satellite constellation plans (such as China's "Hongyan" and South Korea's "Hanxing") have spawned demand for small and medium-sized rockets, driving the market expansion of low-cost engines (such as solid engines and small liquid engines). In 2024, the world's top five companies (China Aerospace Science and Technology Corporation, Kuznetsov, SpaceX, Aerojet Rocketdyne, and NPO Energomash) will account for a total of 83.64% of revenue share. The market concentration is high, but the competition dimension presents new characteristics. SpaceX, with the "Raptor" engine as its core, has reduced costs to 1/10 of traditional engines through vertical integration and large-scale mass production, subverting industry pricing rules. Emerging companies (such as Rocket Lab's Rutherford engine and Blue Origin's BE-4) have entered the market segment through technologies such as 3D printing and intelligent manufacturing.
The global rocket engine market is in a period of profound changes in technology routes, regional patterns, and business models. In the short term, leading enterprises rely on scale effects and policy barriers to maintain their dominant position; in the medium and long term, innovations such as reusability, green promotion, and intelligent manufacturing will reshape industry rules. For participants, building technological autonomy, optimizing supply chain resilience, and expanding commercial application scenarios will become the key to winning the future.
This report is a detailed and comprehensive analysis for global Satellite Launch Vehicle Engines market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Satellite Launch Vehicle Engines market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Satellite Launch Vehicle Engines market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Satellite Launch Vehicle Engines market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Satellite Launch Vehicle Engines market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Satellite Launch Vehicle Engines
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Satellite Launch Vehicle Engines market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include CASC, JSC Kuznetsov, Space X, Aerojet Rocketdyne, NPO Energomash, Northrop Grumman, Mitsubishi Heavy Industries, MTAR Technologies, IHI Corporation, Rocket Lab, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Satellite Launch Vehicle Engines market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Liquid Rocket Engine
Solid Rocket Engine
Market segment by Application
Non-reusable Rockets
Reusable Rocket
Major players covered
CASC
JSC Kuznetsov
Space X
Aerojet Rocketdyne
NPO Energomash
Northrop Grumman
Mitsubishi Heavy Industries
MTAR Technologies
IHI Corporation
Rocket Lab
ArianeGroup
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Satellite Launch Vehicle Engines product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Satellite Launch Vehicle Engines, with price, sales quantity, revenue, and global market share of Satellite Launch Vehicle Engines from 2020 to 2025.
Chapter 3, the Satellite Launch Vehicle Engines competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Satellite Launch Vehicle Engines breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Satellite Launch Vehicle Engines market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Satellite Launch Vehicle Engines.
Chapter 14 and 15, to describe Satellite Launch Vehicle Engines sales channel, distributors, customers, research findings and conclusion.
Satellite launch vehicle engines are core power devices that provide thrust for launch vehicles to send satellites into predetermined orbits. They usually use liquid or solid fuels and use the high-speed airflow generated by combustion to propel the rocket forward. Liquid engines have the advantages of adjustable thrust and multiple starts, which are suitable for precise orbit adjustment, while solid engines have a simple structure and rapid response, and are often used for boosting or upper stage propulsion. The engine must have efficient combustion, strong thrust, and stable and reliable performance to ensure that the satellite successfully enters the predetermined orbit and completes subsequent tasks.
The global rocket engine market is expected to grow steadily from 2025 to 2030. The core drivers of this growth include the explosive growth of commercial space activities, the accelerated deployment of satellite Internet constellations, the increase in deep space exploration missions, and the emphasis of various countries on national security and strategic autonomy. However, the market shows obvious regional differences and differentiation of technical paths: the North American market is becoming more mature but the growth rate is slowing down. In the future, with the development of recyclable technology, the market size has a downward trend, while Asia-Pacific and Europe are rapidly expanding based on emerging demand and policy support, and the regional competition pattern is further complicated.
From the perspective of technical routes, reusable engines (such as SpaceX's Raptor series and Blue Origin's BE-4) have gradually become mainstream, driving down launch costs; at the same time, in response to the global carbon neutrality goal, environmentally friendly technologies such as liquid oxygen and methane and green propellants are accelerating penetration. Traditional liquid oxygen and kerosene engines (such as Russia's RD-180 and China's YF-100) still occupy an important position in the field of low cost and high reliability, while hydrogen and oxygen engines (such as Europe's Vulcain and Japan's LE-9) still play an irreplaceable role in high-performance missions.
The North American market size is $1.29 billion in 2024, and is expected to reach $1.637 billion in 2025 and $1.52 billion in 2031, with a CAGR of -1.23%. This negative growth reflects the involutionary characteristics of the market after it has become relatively mature. SpaceX has monopolized nearly 70% of the global launch market share with its reusable technology, forcing traditional suppliers (such as Aerojet Rocketdyne and Northrop Grumman) to transform to low-cost solutions, putting profit margins under pressure. The market size in the Asia-Pacific region will reach $2.77 billion in 2024 (accounting for 54.4% of the world) and will soar to $4.47 billion in 2031, with a CAGR of 7.72%, becoming the core engine of global growth. China Aerospace Science and Technology Corporation (CASC) has achieved independent control of the entire engine industry chain through the Long March series of rockets. The YF-100 (liquid oxygen kerosene) and YF-77 (hydrogen and oxygen) engines support low-Earth orbit and deep space exploration missions. On the policy side, the "14th Five-Year Plan" space plan clearly promotes the development of heavy rockets and reusable technologies, further releasing market potential. At the same time, commercial aerospace in the Asia-Pacific region has exploded, and satellite constellation plans (such as China's "Hongyan" and South Korea's "Hanxing") have spawned demand for small and medium-sized rockets, driving the market expansion of low-cost engines (such as solid engines and small liquid engines). In 2024, the world's top five companies (China Aerospace Science and Technology Corporation, Kuznetsov, SpaceX, Aerojet Rocketdyne, and NPO Energomash) will account for a total of 83.64% of revenue share. The market concentration is high, but the competition dimension presents new characteristics. SpaceX, with the "Raptor" engine as its core, has reduced costs to 1/10 of traditional engines through vertical integration and large-scale mass production, subverting industry pricing rules. Emerging companies (such as Rocket Lab's Rutherford engine and Blue Origin's BE-4) have entered the market segment through technologies such as 3D printing and intelligent manufacturing.
The global rocket engine market is in a period of profound changes in technology routes, regional patterns, and business models. In the short term, leading enterprises rely on scale effects and policy barriers to maintain their dominant position; in the medium and long term, innovations such as reusability, green promotion, and intelligent manufacturing will reshape industry rules. For participants, building technological autonomy, optimizing supply chain resilience, and expanding commercial application scenarios will become the key to winning the future.
This report is a detailed and comprehensive analysis for global Satellite Launch Vehicle Engines market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Satellite Launch Vehicle Engines market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Satellite Launch Vehicle Engines market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Satellite Launch Vehicle Engines market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Satellite Launch Vehicle Engines market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Satellite Launch Vehicle Engines
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Satellite Launch Vehicle Engines market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include CASC, JSC Kuznetsov, Space X, Aerojet Rocketdyne, NPO Energomash, Northrop Grumman, Mitsubishi Heavy Industries, MTAR Technologies, IHI Corporation, Rocket Lab, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Satellite Launch Vehicle Engines market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Liquid Rocket Engine
Solid Rocket Engine
Market segment by Application
Non-reusable Rockets
Reusable Rocket
Major players covered
CASC
JSC Kuznetsov
Space X
Aerojet Rocketdyne
NPO Energomash
Northrop Grumman
Mitsubishi Heavy Industries
MTAR Technologies
IHI Corporation
Rocket Lab
ArianeGroup
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Satellite Launch Vehicle Engines product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Satellite Launch Vehicle Engines, with price, sales quantity, revenue, and global market share of Satellite Launch Vehicle Engines from 2020 to 2025.
Chapter 3, the Satellite Launch Vehicle Engines competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Satellite Launch Vehicle Engines breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Satellite Launch Vehicle Engines market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Satellite Launch Vehicle Engines.
Chapter 14 and 15, to describe Satellite Launch Vehicle Engines sales channel, distributors, customers, research findings and conclusion.
Table of Contents
108 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Satellite Launch Vehicle Engines by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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