Rocket Engine Market Insights Video

According to Cognitive Market Research, The Global Rocket Engine market size will be USD 5.2 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.60% from 2023 to 2030.

• The demand for the rocket engine marketis rising due to theincreasing demand for space exploration missions, advancements in technology, and significant investments by governments in human space exploration, resulting in scientific discoveries.
• Demand for LEO and elliptical remains higher in therocket engine market.
• The communication category held the highest rocket engine marketrevenue share in 2023.
• North America will continue to lead, whereas the Asia Pacific rocket engine marketwill experience the strongest growth until 2030.