Key Driver Transforming The Hypersonic Rocket Engine Market 2025: Space Tourism Interest Fuelling Market Growth

Hypersonic Rocket Engine Market Report 2025 - Market Size, Trends, And Global Forecast 2025-2034

The Business Research Company’s Hypersonic Rocket Engine Global Market Report 2025 - Market Size, Trends, And Global Forecast 2025-2034

LONDON, GREATER LONDON, UNITED KINGDOM, June 11, 2025 /EINPresswire.com/ -- The Business Research Company’s Latest Report Explores Market Driver, Trends, Regional Insights - Market Sizing & Forecasts Through 2034

Clear trajectory for growth in the Hypersonic Rocket Engine Market size has been observed in recent years. It witnessed a growth from $6.80 billion in 2024 to $7.62 billion in 2025, clocking a compound annual growth rate CAGR of 12.1%. Factors contributing to this growth in the historic period includes necessity of strategic military deterrence, pioneering developments in supersonic combustion technologies, investments funneled toward ballistic missile programs, missile defense initiatives, and extensive government-funded aerospace defense contracts.

Will The Hypersonic Rocket Engine Market Maintain Its Momentum?

The hypersonic rocket engine market size is projected to witness an accelerated growth in the coming years. With an anticipated ascension to $11.99 billion in 2029 at a compound annual growth rate CAGR of 12.0%, the growth in the forecast period attributes to factors such as increased defense budgets allocated towards hypersonic development, geopolitical tensions and regional arms races, demand for rapid global strike capabilities, the rise of precision-guided hypersonic weapons programs and collaborations between defense contractors and research institutions. Key trends paving the future in the forecast period entail the miniaturization of hypersonic engine components, a shift toward reusable hypersonic platforms, innovation in hybrid propulsion systems, concentrated developments in thermal protection systems and implementation of artificial intelligence AI-enabled flight control systems.

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What Role Does Space Tourism Play In The Market Growth?

The increasing interest in space tourism is anticipated to significantly contribute to accelerating the growth of the hypersonic rocket engine market. Space tourism refers to the commercial excursions to space for recreational, leisure, or adventure purposes rather than traditional scientific or governmental missions. Technological advancements are making space travel more affordable and reliable by enabling innovations such as reusable rockets and advanced propulsion systems, thereby increasing the demand for space tourism. The role of hypersonic rocket engines in supporting space tourism is critical as they allow for faster and more efficient space travel, significantly reducing travel time. This aids in enhancing the feasibility of commercial space flights, making space tourism more accessible and convenient for private individuals. Case in point, in July 2023, a survey study among 10,329 U.S. adults conducted by the Pew Research Center, a US-based research organization, showed that 55% of Americans expect space tourism to become routine by 2073, with 35% expressing personal interest in space travel. This increasing interest in space tourism is a primary growth driver of the hypersonic rocket engine market.

Which Are The Major Players In The Hypersonic Rocket Engine Market?

The hypersonic rocket engine market is dominated by companies such as RTX Corporation, The Boeing Company, Lockheed Martin, Northrop Grumman, General Electric Aviation, BAE Systems, National Aeronautics and Space Administration NASA, Thales Group, L3Harris Technologies Inc., Leidos Holdings, Israel Aerospace Industries IAI, MBDA Holdings SAS MBDA, SpaceX, Kratos Defense And Security Solutions, Ursa Major Technologies, Hermeus Corporation, Venus Aerospace, Reaction Engines, HyImpulse Technologies, and Space Engine Systems SES.

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What Are The Emerging Trends In The Hypersonic Rocket Engine Market?

Major companies in the hypersonic rocket engine market are focusing on innovative initiatives like the hypersonic test launch platform to enhance performance, improve testing accuracy, and quicken the development of next-generation propulsion systems. An example of this is in December 2024, Rocket Lab USA Inc., a US-based space technology company, launched a suborbital hypersonic mission as part of the Department of Defense’s Multi-Service Advanced Capability Hypersonics Test Bed MACH-TB initiative. The mission showcased Rocket Lab’s Hypersonic Accelerator Suborbital Test Electron HASTE vehicle which is designed to provide rapid, cost-effective hypersonic flight testing.

How Is The Hypersonic Rocket Engine Market Segmented?

The hypersonic rocket engine market is primarily segmented based on Type, which includes Scramjet, Ramjet, Dual-Mode Propulsion, and Other Types. Similarly, segmentation based on Application covers Military And Defense, Space Exploration, Commercial, and Other Applications. The End-User segment is bifurcated into Government, Commercial, and Other End-users. Further, sub-segments break down each type category. For instance, the Scramjet segment includes Hydrogen-Fueled Scramjets, Hydrocarbon-Fueled Scramjets, Active Cooling Scramjets, Integrally Built Airframe-Engine Designs, and the others follow suit.

Which Regions Dominate The Hypersonic Rocket Engine Market?

The hypersonic rocket engine market was dominated by North America in 2024. The fastest-growing region, however, is expected to be Asia-Pacific in the forecast period. This report covers regional insights for Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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