Rocket Propulsion Systems Market Share

Market Share of Rocket Propulsion Systems Industry

The rocket propulsion systems market remains consolidated and dominated by a few players. Key players include Safran SA, Aerojet Rocketdyne (a division of L3 Harris Technologies Inc.), Mitsubishi Heavy Industries, Ltd., Space Exploration Technologies Corp., and ARIANESPACE SAS.

Numerous companies have established long-term collaborations with government agencies to bolster space exploration capabilities and shape future programs. These companies channel substantial investments into R&D, striving to pioneer advanced products and technologies that could facilitate space discoveries. 

For instance, several players are delving into alternative fuel technologies to conserve fuel and minimize carbon footprints. In a notable development, UK-based Orbex showcased its 62-foot-long Prime rocket prototype in May 2022. Set to launch small satellites from the Scottish Highlands, Orbex's final rocket version promises full reusability. It will utilize a renewable biofuel, biopropane, positioning it as the world's most environmentally friendly rocket. Such innovations are poised to accelerate space exploration and launch activities, fueling the market's expansion.

Rocket Propulsion Market Leaders

1. Safran SA

2. Mitsubishi Heavy Industries, Ltd.

3. Space Exploration Technologies Corp.

4. ARIANESPACE SAS

5. Aerojet Rocketdyne (L3 Harris Technologies Inc.)

*Disclaimer: Major Players sorted in no particular order